Moelis (MC)
NYSE:MC
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Moelis
(NYSE:MC)
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Rating:78Outperform
Price Target:
$76.00
â–²(12.44% Upside)
Action:ReiteratedDate:04/30/26
The score is driven mainly by improved financial performance (profit/cash flow rebound and a debt-free balance sheet) and a positive earnings call (record revenue, strong pipeline, and capital returns). Technicals are supportive but look overbought, and valuation is reasonable with a solid dividend yield but not clearly inexpensive on earnings.
Positive Factors
Balance sheet strength
A debt-free balance sheet and higher equity materially reduce financial risk and increase strategic optionality. This durability lets Moelis support buybacks/dividends, fund senior hires and technology, and withstand advisory cycle slowdowns without relying on external leverage.
Negative Factors
Advisory cyclicality
Moelis’s advisory model yields material year-to-year volatility: sizeable swings in revenue and profitability complicate forecasting and capital allocation. Even with recent rebound, earnings and ROE remain exposed to deal timing and macro shocks, requiring retained capital buffers.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A debt-free balance sheet and higher equity materially reduce financial risk and increase strategic optionality. This durability lets Moelis support buybacks/dividends, fund senior hires and technology, and withstand advisory cycle slowdowns without relying on external leverage.
Read all positive factors
Moelis (MC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.35B
Dividend Yield3.69%
Average Volume (3M)1.38M
Price to Earnings (P/E)22.1
Beta (1Y)1.55
Revenue Growth26.98%
EPS Growth64.80%
CountryUS
Employees1,308
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.50
Shares Outstanding73,435,380
10 Day Avg. Volume1,231,749
30 Day Avg. Volume1,384,560
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)9.07
Price to Sales (P/S)3.40
P/FCF Ratio9.55
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue3.09
Enterprise Value/Gross Profit4.47
Enterprise Value/Ebitda15.83
Forecast
1Y Price Target
$71.00Price Target Upside5.05% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)3.11
Revenue Forecast (FY)$1.69B
Moelis Business Overview & Revenue Model
Company Description
Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The co...
How the Company Makes Money
Moelis primarily makes money by earning advisory fees for executing and advising on client transactions rather than through balance-sheet lending or large-scale principal investing. Its key revenue stream is advisory fees tied to strategic transac...
Moelis Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call conveyed a broadly positive operational and financial performance with record Q1 revenue (+4% YoY), margin improvement (adjusted pretax margin 15%), strong deal flow and an all-time-high pipeline, meaningful talent hires, and disciplined capital returns (cash $354M, no debt, $171M returned). Near-term headwinds were acknowledged — geopolitical uncertainty, disruptions in parts of private credit and AI-driven repricing in software have weighed on some deal activity and certain product revenues (CSA/restructuring) and have led to increased non-compensation costs. On balance, management framed challenges as near-term/timing-related while emphasizing durable pipeline strength and growth investments.Positive Updates
Record First-Quarter Revenue
Reported record Q1 revenues of $320 million, up 4% year-over-year.
Negative Updates
Near-Term Macro and Geopolitical Headwinds
Management cited headwinds from the war in the Middle East and other geopolitical uncertainty that have created near-term disruption and could elongate deal timelines.
Read all updates
Q1-2026 Updates
Positive
Negative
Record First-Quarter Revenue
Reported record Q1 revenues of $320 million, up 4% year-over-year.
Read all positive updates
Company Guidance
Moelis guided to a constructive 2026 outlook anchored by record Q1 revenue of $320 million (up 4% YoY), a roughly 2/3 M&A / 1/3 non‑M&A mix, and an adjusted pretax margin of 15% (vs. 14% LY); they reiterated a full‑year adjusted compensation ratio target of ~65.8% (down from 69% in Q1 2025), reported Q1 compensation expense of ~$210 million, and disclosed adjusted non‑comp expenses of $67 million (21% of revenue) with full‑year non‑comp expense growth expected to be similar to 2025. Balance‑sheet and capital‑return metrics included $354 million of cash, no debt, a $0.65 quarterly dividend, 1.9 million shares repurchased in Q1 at an average $61.40 (1.0M for tax withholding, 895k open market), and ~ $171 million returned to shareholders in the quarter (repurchases offset >50% of annual equity issuance). Operationally they noted sponsor M&A revenues grew double‑digits, PCA is scaling (7 senior bankers focused on GP‑led secondaries), 8 MD hires YTD (2 joined, 6 to join), and a near‑all‑time‑high pipeline with record announced transaction activity (notable mandates: Clear Channel $6.2B, Tri Pointe $4.5B, Kennedy Wilson $9.5B, TowerBrook $1.2B continuation, X‑Energy $1.2B IPO).Moelis Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.52B | 1.19B | 854.75M | 985.30M | 1.54B |
| Gross Profit | 1.50B | 1.19B | 140.00M | 367.10M | 626.70M |
| EBITDA | 339.35M | 183.39M | -32.03M | 224.07M | 503.16M |
| Net Income | 233.04M | 136.02M | -24.70M | 150.34M | 365.21M |
Balance Sheet | |||||
| Total Assets | 1.81B | 1.38B | 1.18B | 1.22B | 1.56B |
| Cash, Cash Equivalents and Short-Term Investments | 508.60M | 412.47M | 186.42M | 206.79M | 520.21M |
| Total Debt | 267.15M | 223.24M | 215.68M | 192.76M | 191.89M |
| Total Liabilities | 1.13B | 899.55M | 817.30M | 757.93M | 1.08B |
| Stockholders Equity | 568.44M | 441.61M | 352.14M | 444.50M | 489.07M |
Cash Flow | |||||
| Free Cash Flow | 539.97M | 415.39M | 141.78M | 27.04M | 920.55M |
| Operating Cash Flow | 576.30M | 427.49M | 158.47M | 32.99M | 936.98M |
| Investing Cash Flow | -195.97M | 17.11M | 48.57M | -11.18M | -17.01M |
| Financing Cash Flow | -283.90M | -215.10M | -229.17M | -326.90M | -602.54M |
Moelis Technical Analysis
Positive
67.59
Price Trends
60.12
Positive
65.09
Positive
66.51
Positive
Market Momentum
2.37
Negative
76.32
Negative
91.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MC, the sentiment is Positive. The current price of 67.59 is above the 20-day moving average (MA) of 59.29, above the 50-day MA of 60.12, and above the 200-day MA of 66.51, indicating a bullish trend. The MACD of 2.37 indicates Negative momentum. The RSI at 76.32 is Negative, neither overbought nor oversold. The STOCH value of 91.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MC.
Moelis Risk Analysis
Moelis disclosed 1 risk factors in its most recent earnings report. Moelis reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Moelis Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $5.35B | 22.13 | 44.30% | 3.69% | 26.98% | 64.80% | |
76 Outperform | $12.84B | 25.51 | 33.81% | 0.95% | 29.49% | 54.99% | |
71 Outperform | $3.68B | 15.14 | 87.49% | 0.58% | 21.44% | 17.50% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $4.46B | 19.99 | 30.96% | 4.06% | 1.82% | -18.80% | |
64 Neutral | $10.89B | 24.90 | 20.14% | 1.33% | 17.97% | 22.58% | |
60 Neutral | $26.53B | 32.56 | 18.57% | 0.32% | 37.18% | -21.84% |
* Financial Sector Average
MC
Moelis
67.05
15.65
30.46%
EVR
Evercore Partners
324.14
121.17
59.70%
LAZ
Lazard
47.48
10.15
27.21%
LPLA
LPL Financial
330.89
12.18
3.82%
HLI
Houlihan Lokey
156.00
-3.90
-2.44%
PJT
PJT Partners
152.05
11.23
7.97%
Moelis Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Moelis Posts Record Q1 2026 Revenue and Margin Expansion
Positive
Apr 29, 2026
Moelis Company reported record first-quarter 2026 revenues of $319.8 million, up 4% year on year, with GAAP diluted earnings of $0.48 per share and adjusted earnings of $0.50 per share, both benefiting from a $0.11 per-share tax gain, and an adju...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Moelis Reports Record Q4 Results and Expands Capital Returns
Positive
Feb 4, 2026
On February 4, 2026, Moelis Company reported its financial results for the fourth quarter and full year ended December 31, 2025, posting record fourth-quarter revenues of $487.9 million, up 11% year-on-year, and full-year 2025 GAAP revenues of $1...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.