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Moelis & Company

MC

Moelis & Company • NYSE
$64.17 ▼ -0.12% (-0.08)
Market Cap $4.75 B
52w High $82.89
52w Low $47.00
Dividend Yield 2.60%
P/E 21.32
Volume 253.63K
Outstanding Shares 74.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $356.892M ▼ $53.168M ▼ $53.366M ▲ 14.953% ▲ $0.71 ▲ $51.29M ▼
Q2-2025 $365.376M ▲ $304.747M ▲ $41.538M ▼ 11.369% ▼ $0.55 ▼ $63.435M ▲
Q1-2025 $306.593M ▼ $58.132M ▲ $50.268M ▼ 16.396% ▼ $0.68 ▼ $39.691M ▼
Q4-2024 $438.719M ▲ $50.063M ▲ $89.399M ▲ 20.377% ▲ $1.24 ▲ $134.344M ▲
Q3-2024 $273.755M $47.533M $16.894M 6.171% $0.23 $18.366M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $281.583M ▲ $1.517B ▲ $898.607M ▲ $535.034M ▲
Q2-2025 $221.718M ▲ $1.343B ▲ $746.525M ▲ $515.982M ▲
Q1-2025 $184.53M ▼ $1.206B ▼ $640.463M ▼ $484.53M ▲
Q4-2024 $412.467M ▲ $1.379B ▲ $899.553M ▲ $441.606M ▲
Q3-2024 $145.332M $1.153B $757.961M $367.535M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $60.071M ▲ $198.867M ▼ $-73.185M ▲ $-66.595M ▼ $59.919M ▲ $179.552M ▼
Q2-2025 $50.262M ▼ $204.167M ▲ $-106.08M ▼ $-61.069M ▼ $37.14M ▲ $199.415M ▲
Q1-2025 $50.268M ▼ $-165.48M ▼ $-6.977M ▼ $-56.727M ▼ $-227.803M ▼ $-168.584M ▼
Q4-2024 $99.845M ▲ $315.341M ▲ $3.689M ▲ $-46.961M ▲ $267.114M ▲ $313.03M ▲
Q3-2024 $16.894M $137.18M $-95.337M $-48.589M $-5.178M $135.103M

Five-Year Company Overview

Income Statement

Income Statement Moelis shows a very cyclical earnings pattern, which is typical for advisory-focused investment banks. Revenue surged in the post‑pandemic boom, then fell meaningfully as deal activity slowed, and has now clearly begun to recover. Profitability followed the same path: very strong a few years ago, a soft patch with a small loss more recently, and a return to solid profit in the latest year, though still below the prior peak. Overall, the business remains profitable over the cycle, but results can swing noticeably with the health of M&A and capital markets.

Balance Sheet

Balance Sheet The balance sheet looks conservative and well suited to a fee-based, capital-light advisory model. Total assets and shareholder equity have stayed fairly stable over the last few years, with only modest movement up or down. Cash levels dipped after a very strong period but have been rebuilt and now sit comfortably higher again, giving the firm good financial flexibility. Debt is low and steady, which helps keep financial risk contained and supports resilience during weak deal cycles.

Cash Flow

Cash Flow Cash generation is a key strength. In strong years the firm produces very healthy operating cash flow, and even in weaker years cash from operations remained positive, though much lower. Capital spending needs are minimal, so most operating cash can flow through to free cash flow. This makes the business relatively self-funding and able to support investments, hiring, and shareholder returns without relying heavily on borrowing.

Competitive Edge

Competitive Edge Moelis occupies a focused position as an independent advisory firm rather than a full-service bank. Its core edge comes from conflict-free advice, a strong brand in complex assignments, and particular depth in restructuring and capital structure work, where it has advised on many large situations. The firm runs an integrated global platform and has been building out sector teams such as technology, energy, and industrials. It competes with both large bulge‑bracket banks and other boutiques, so maintaining top talent and client relationships is critical to sustaining its fee levels and market share.

Innovation and R&D

Innovation and R&D Innovation here is more about people, structure, and data than traditional R&D. Moelis leverages cloud and AI tools from external partners, but its real innovation lies in its capital-light model, sector specialization, and rapid build‑out of high‑growth areas like technology banking and private capital advisory. The firm also uses data-driven market intelligence to support its advice and has formed international alliances to extend reach. The upcoming leadership transition to a new CEO creates both an opportunity for renewed strategic energy and some uncertainty around execution, though it appears planned and evolutionary rather than abrupt.

Summary

Moelis is a cyclical, advisory-driven franchise with a lean balance sheet, strong cash generation, and a differentiated independent model. Financial results have clearly reflected the swings in global deal activity: boom, slowdown, then recovery. Strengths include limited balance sheet risk, strong restructuring and capital structure expertise, deep client relationships, and a scalable, talent-focused platform. Key risks center on dependence on transaction volumes, the need to continually attract and retain star bankers, and executing on growth plans in technology, private markets, and global partnerships while managing leadership transition. Overall, it remains a specialized, high-intellectual-capital business whose performance will rise and fall with the broader deal environment and its ability to stay at the center of complex, high-fee assignments.

NEWS

November 7, 2025 · 8:42 AM UTC

Today's Marketplace discusses state of M&A with Creighton University's Tirimba Obonyo and Moelis's Mark Henkels

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October 29, 2025 · 4:15 PM UTC

Moelis & Company Reports Third Quarter and First Nine Months 2025 Financial Results; Declares Regular Quarterly Dividend of $0.65 Per Share

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