| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 49 | 21.1x | 17.8x | Around median | |
Growth | 83 | 13.7% | 7.1% | Top tier | |
Quality | 99 | — | — | Top tier | |
Safety | 59 | — | — | Around median | |
Capital Return | 37 | — | 2.12% | Bottom tier | |
Momentum | 52 | -12.1% | 2.9% | Around median | |
Sentiment | 41 | 8 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Moelis & Company operates as an independent financial advisory firm and generates revenue by providing advice on mergers and acquisitions, capital markets, capital structure, and private capital. During the first half of fiscal year 2026, mergers and acquisitions accounted for approximately two-thirds of the business mix, while the remaining third came from non-M&A activities; these activities generated record revenue, led by capital markets and the growing contribution of private capital advisory.
In quarter 2 of fiscal year 2026, Moelis & Company reported record period revenue of $409.4 million, up 12% year over year, net income of $55.1 million, and earnings per share of $0.64. The adjusted pre-tax profit margin reached 18.6% versus 17.6% in the comparable period, while the adjusted compensation ratio declined to 65.8% from 69%, and the non-compensation expense ratio was 16.2%.
Revenue for the first half of fiscal year 2026 reached approximately $729 million, up 9% year over year, and the adjusted pre-tax profit margin was 17% versus 16% in the comparable period. On a trailing twelve-month basis through 2026, revenue was $1.6 billion, net income was $256.5 million, and earnings per share were $3.03, compared with revenue of $1.5 billion, net income of $259.6 million, and earnings per share of $3.11 in fiscal year 2025.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus rates MC shares as "Neutral," with an average target of $73.33 and a wide range between $60 and $85, reflecting clear divergence in estimates of the sustainability of the deal cycle and margins. The average target is below the 52-week range high of $78.216, while the highest target exceeds that high; no usable price-to-earnings multiple is available in the data despite earnings per share of $3.03 on a trailing twelve-month basis through 2026, so a reliable judgment on whether the multiple is cheap or elevated cannot be established.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Revenue reached $409.4 million, up 12% year over year, and the company reported record quarterly revenue. Growth came primarily from capital markets and private capital advisory, offset by a decline in capital structure advisory. Net income was $55.1 million and earnings per share were $0.64, while the adjusted pre-tax profit margin improved to 18.6%.
The total business pipeline was at a record level at the end of quarter 2 of fiscal year 2026. The announced portion of the pipeline increased by more than 80% compared with the same period of the previous year, alongside accelerating new business formation during the quarter. Notable transactions included the $8.5 billion sale of Taylor Morrison to Berkshire Hathaway, Magnolia Oil and Gas's $4.1 billion acquisition of Wildfire Energy, and the $3.8 billion sale of Iqvia to Eli Lilly.
Mergers and acquisitions represented approximately two-thirds of the business mix in the first half of fiscal year 2026, while non-M&A activities accounted for approximately one-third. Non-M&A activities generated record revenue, led by capital markets and private capital advisory. The company also acted as active bookrunner and lead placement agent for a $1.1 billion initial public offering and concurrent private financing, and expanded its GP-led secondary team to seven specialized managing directors.
The adjusted pre-tax profit margin reached 18.6% in quarter 2 of fiscal year 2026 versus 17.6% in the comparable period. The adjusted compensation ratio declined to 65.8% from 69%, while the first-half pre-tax margin reached 17% versus 16% a year earlier. In contrast, non-compensation expenses were $66.5 million in the quarter, and management expects them to remain in the mid-to-high $60 million range per quarter during the remainder of fiscal year 2026.
Management said on the July 29, 2026 call that artificial intelligence tools had become more integrated into bankers' workflows, but were still in the testing, adoption, and deployment stages. The company sees an opportunity to improve idea generation, advice, and the number of transactions per banker, while many tool contracts remain fixed-cost during fiscal year 2026 and part of the following year. Conversely, artificial intelligence could materially disrupt some software companies, particularly those with high leverage, while the spread of the same tools among competitors could limit operational differentiation.
The company approved a regular quarterly dividend of $0.65 per share for quarter 2 of fiscal year 2026. It repurchased approximately 337 thousand shares during the quarter at an average of $64.43 per share, and total repurchases during the first half reached approximately 2.3 million shares at a cost of approximately $141 million. Including declared dividends, capital returned to shareholders for the first half totaled approximately $246 million, while the company ended the quarter with $481 million in liquidity and no debt.
