MC
Moelis & Company
MC's fundamentals are mixed: revenue grew 14%, but earnings per share fell 1.7%. At 19x earnings, it's trading in line with its usual 21x. Analysts expect strong earnings growth, though they disagree widely on how much.
MC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
MC's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like MC.
MC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $35.85 | -36% |
| Forward | 16x | $56.01 | — |
| Current | 19x | $56.01 | — |
| Fair | 20x | $60.15 | +7.4% |
| Expensive | 38x | $112 | +101% |
Historical ranges are pointers, not guarantees.
MC's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 16x next year's earnings.
MC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for MC, with profitability improving. However, they disagree widely on these estimates.
MC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.55 | +21% |
| Q3 2026 | $2.94 | -1.7% |
| Q2 2026 | $2.87 | +13% |
| Q1 2026 | $2.78 | +28% |
| Q4 2025 | $2.94 | +67% |
| Q3 2025 | $2.99 | +464% |
| Q2 2025 | $2.54 | +1593% |
| Q1 2025 | $2.18 | +$2.37 |
| Q4 2024 | $1.76 | +$2.12 |
MC's earnings per share have fallen from their peak: $2.94 over the past year, against $5.90 in late 2021.
MC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $409.4M | +12% |
| Q1 2026 | $319.8M | +4.3% |
| Q4 2025 | $487.9M | +11% |
| Q3 2025 | $356.9M | +30% |
| Q2 2025 | $365.4M | +38% |
| Q1 2025 | $306.6M | +41% |
| Q4 2024 | $438.7M | +104% |
| Q3 2024 | $273.8M | +0.6% |
MC's revenue has grown year over year for 12 quarters in a row: $409M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 18% | +1.2 points |
| Q1 2026 | 13% | +0.6 points |
| Q4 2025 | 26% | -3.8 points |
| Q3 2025 | 14% | +7.8 points |
| Q2 2025 | 17% | +9 points |
| Q1 2025 | 12% | +9.4 points |
| Q4 2024 | 30% | +34 points |
| Q3 2024 | 5.7% | +13 points |
MC's operating margin was 18% last quarter, up 1.2 points from the same quarter a year ago.
MC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $250.2M | +39% |
| Q2 2026 | $218M | +9.3% |
| Q1 2026 | -$291.6M | -$123M |
| Q4 2025 | $329.6M | +5.3% |
| Q3 2025 | $179.6M | +33% |
| Q2 2025 | $199.4M | +45% |
| Q1 2025 | -$168.6M | +$1.8M |
| Q4 2024 | $313M | +233% |
MC's free cash flow was $506M over the past year, down 3.3% from the year before. Free cash flow isn't a meaningful measure for financial services companies like MC.
MC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -1.4M shares |
| 1 year | -1.3% | -994K shares |
| 3 years | +14% | +9.3M shares |
| 5 years | +14% | +9.8M shares |
| Available history | +39% | +21.7M shares |
MC has 78M diluted shares, down 1.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $23.5M |
| Q1 2026 | $117.3M |
| Q4 2025 | $46.1M |
| Q3 2025 | $15.2M |
| Q2 2025 | $1.6M |
| Q1 2025 | $11.6M |
| Q4 2024 | $1.1M |
| Q3 2024 | $1M |
MC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.0x | Net Cash |
| Q1 2025 | 0.2x | Very low |
| Q4 2024 | -1.0x | Net Cash |
MC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like MC.
MC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.7 | Neutral |
| Stochastic | 30.3 | Neutral |
MC's weekly RSI is 39 (neutral) and its Stochastic is 30 (neutral).
MC PE vs Financial Services Sector
| Metric | MC | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 13x | 46% above |
| PE % | 44 | 63 | 19 pts below |
MC is trading at 19x earnings, a 46% premium to the Financial Services sector's median of 13x.
MC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $56.6 | 1% below |
| 20 week MA | $62.6 | 10% below |
| 50 week MA | $64.5 | 13% below |
| 100 week MA | $65.3 | 14% below |
| 200 week MA | $59.0 | 5.1% below |
MC is in a downtrend: it's below all five of its weekly moving averages, and 5.1% below its 200-week average.
MC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.8 | $47.2 | +44% |
| 2021 | $47.2 | $62.4 | +32% |
| 2022 | $62.4 | $39.0 | -37% |
| 2023 | $39.0 | $56.1 | +44% |
| 2024 | $56.1 | $74.5 | +33% |
| 2025 | $74.5 | $71.6 | -3.9% |
| 2026 YTD | $71.6 | $56.0 | -22% |
MC has finished higher in four of the last six years. It's down 22% so far in 2026.