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Moelis & Company operates as an investment banking advisory company in North and South America, Europe, the Middle East, Asia, and Australia. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic advisory, capital markets, capital structure advisory, and private capital advisory. The company serves public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds clients. Moelis & Company was founded in 2007 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $286M | $233M | $540M | 41.0% | 27.0% | 71.3% |
| 2024 | $1.2B | $183M | $136M | $415M | 30.8% | 39.8% | -650.7% |
| 2023 | $855M | $-32M | $-25M | $142M | -7.0% | -13.2% | -116.4% |
| 2022 | $985M | $224M | $150M | $27M | 33.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 985.30 | 854.75 | 1,194.54 | 1,516.80 |
| Operating Revenue | - | 985.30 | 854.75 | 1,194.54 | 1,516.80 |
| Cost Of Revenue | - | 618.20 | 714.75 | 830.15 | 1,017.08 |
| Gross Profit | - | 367.10 | 140 | 364.39 | 499.72 |
| Operating Expense | - | 151 | 180.35 | 191.45 | 225.86 |
| Selling General And Administration | - | 84.52 | 107.38 | 107.54 | 121.79 |
| Total Expenses | - | 769.20 | 895.10 | 1,021.60 | 1,242.93 |
| Operating Income | - | 216.10 | -40.35 | 172.94 | 273.86 |
| Total Operating Income As Reported | - | 216.10 | -40.35 | 172.94 | 273.86 |
| EBITDA | - | 224.08 | -32.03 | 183.39 | 285.74 |
| Normalized EBITDA | - | 224.08 | -32.03 | 183.39 | 285.74 |
| EBIT | - | 216.10 | -40.35 | 172.94 | 273.86 |
| Other Non Operating Income Expenses | - | 0.22 | 11.20 | 23.07 | 53.61 |
| Other Income Expense | - | 0.22 | 11.20 | 23.07 | 53.61 |
| Pretax Income | - | 216.32 | -29.15 | 196.01 | 327.47 |
| Tax Provision | - | 47.64 | -1.63 | 44.52 | 67.85 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 168.68 | -27.52 | 151.49 | 259.62 |
| Net Income From Continuing And Discontinued Operation | - | 150.34 | -24.70 | 136.02 | 233.04 |
| Net Income From Continuing Operation Net Minority Interest | - | 150.34 | -24.70 | 136.02 | 233.04 |
| Net Income | - | 150.34 | -24.70 | 136.02 | 233.04 |
| Net Income Common Stockholders | - | 150.34 | -24.70 | 136.02 | 233.04 |
| Net Income Including Noncontrolling Interests | - | 168.68 | -27.52 | 151.49 | 259.62 |
| Normalized Income | - | 150.34 | -24.70 | 136.02 | 233.04 |
| Diluted NI Availto Com Stockholders | - | 150.34 | -24.70 | 136.02 | 233.04 |
| Basic Average Shares | - | 65.77 | 68.50 | 71.88 | 75.03 |
| Diluted Average Shares | - | 70.32 | 68.50 | 76.61 | 79.23 |
| Reconciled Depreciation | - | 7.98 | 8.32 | 10.44 | 11.88 |
| Reconciled Cost Of Revenue | - | 618.20 | 714.75 | 830.15 | 1,017.08 |
| Minority Interests | - | -18.34 | 2.82 | -15.47 | -26.58 |
| Depreciation Amortization Depletion Income Statement | - | 7.98 | 8.32 | 10.44 | 11.88 |
| Depreciation And Amortization In Income Statement | - | 7.98 | 8.32 | 10.44 | 11.88 |
| General And Administrative Expense | - | 84.52 | 107.38 | 107.54 | 121.79 |
| Other Gand A | - | 60.28 | 78.77 | 77.63 | 86.62 |
| Rent Expense Supplemental | - | 24.24 | 28.61 | 29.91 | 35.17 |
| Other Operating Expenses | - | 58.50 | 64.65 | 73.47 | 92.19 |
| Rent And Landing Fees | - | 24.24 | 28.61 | 29.91 | 35.17 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Moelis & Companythis co. | MC | $5.1B | 22.10↑ premium | 9.06 | 41.0% | 17.18 |
| Victory Capital Holdings, Inc. | VCTR | $5.6B | 16.82 | 2.29 | 13.6% | 11.02 |
| Atlantic Union Bankshares Corporation | AUB | $5.4B | 19.74 | 1.08 | 5.5% | - |
| Mercury General Corporation | MCY | $5.4B | 9.99 | 2.24 | 22.4% | - |
| MARA Holdings, Inc. | MARA | $5.3B |
| - |
| - |
| - |
| - |
| -4.04 |
| 1.52 |
| -37.8% |
| -15.34 |
| Piper Sandler Companies | PIPR | $5.2B | 18.51 | 3.80 | 20.5% | - |
| HA Sustainable Infrastructure Capital, Inc. | HASI | $5.1B | 27.87 | 2.00 | 7.2% | - |
| BGC Group, Inc. | BGC | $5.1B | 32.65 | 5.20 | 15.9% | 14.02 |
| Axos Financial, Inc. | AX | $5.0B | 11.52 | 1.86 | 16.1% | - |
| Peer Median | - | 17.66 | 2.12 | 14.8% | 11.02 | |