Moelis (MC)
Market Price (8/16/2026): $68.47 | Market Cap: $5.2 BilSector: Financials | Industry: Investment Banking & Brokerage
Moelis (MC)
Market Price (8/16/2026): $68.47Market Cap: $5.2 BilSector: FinancialsIndustry: Investment Banking & Brokerage
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, Dividend Yield is 4.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 8.4% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital. | Weak multi-year price returns2Y Excs Rtn is -25%, 3Y Excs Rtn is -12% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14% Key risksMC key risks include [1] highly inconsistent revenues dependent on the cyclical and unpredictable timing of M&A transactions and [2] intense competition to attract and retain the top advisory talent essential for its success. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, Dividend Yield is 4.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 8.4% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital. |
| Weak multi-year price returns2Y Excs Rtn is -25%, 3Y Excs Rtn is -12% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Key risksMC key risks include [1] highly inconsistent revenues dependent on the cyclical and unpredictable timing of M&A transactions and [2] intense competition to attract and retain the top advisory talent essential for its success. |
Qualitative Assessment
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Moelis (MC) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Moelis & Company reported strong fiscal Q2 2026 earnings, surpassing analyst expectations. The firm announced adjusted diluted earnings per share (EPS) of $0.63, exceeding consensus estimates of $0.61-$0.62. Additionally, revenue for the fiscal second quarter ended June 30, 2026, reached $409.4 million, marking a 12% increase year-over-year and beating analyst estimates of $387.27 million to $388.7 million.
2. Revenue growth was driven by an increase in higher-value M&A activity and a robust advisory pipeline. The 12% year-over-year revenue increase in fiscal Q2 2026 was primarily attributed to higher average fees earned per completed transaction, indicating a successful shift towards more complex and high-value advisory mandates. Furthermore, Moelis entered the second half of fiscal 2026 with a record total pipeline, including an announced pipeline that was more than 80% higher than the prior year.
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Moelis (MC) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Moelis & Company reported strong fiscal Q2 2026 earnings, surpassing analyst expectations. The firm announced adjusted diluted earnings per share (EPS) of $0.63, exceeding consensus estimates of $0.61-$0.62. Additionally, revenue for the fiscal second quarter ended June 30, 2026, reached $409.4 million, marking a 12% increase year-over-year and beating analyst estimates of $387.27 million to $388.7 million.
2. Revenue growth was driven by an increase in higher-value M&A activity and a robust advisory pipeline. The 12% year-over-year revenue increase in fiscal Q2 2026 was primarily attributed to higher average fees earned per completed transaction, indicating a successful shift towards more complex and high-value advisory mandates. Furthermore, Moelis entered the second half of fiscal 2026 with a record total pipeline, including an announced pipeline that was more than 80% higher than the prior year.
3. Improved profitability was demonstrated by an expanded adjusted pre-tax margin. The company's adjusted pre-tax margin for fiscal Q2 2026 increased to 18.6%, up from 17.6% in the comparable period of the prior year, signaling more efficient conversion of higher-value revenue into profit.
4. Shareholder returns through dividends and significant share repurchases bolstered investor confidence. Moelis declared a regular quarterly dividend of $0.65 per share. The company also actively repurchased shares, acquiring 0.3 million shares in fiscal Q2 2026 at an average price of $64.43 per share, contributing to a total of approximately 2.3 million shares repurchased for $140.8 million in the first half of fiscal 2026.
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Stock Movement Drivers
Fundamental Drivers
The 7.2% change in MC stock from 4/30/2026 to 8/15/2026 was primarily driven by a 4.1% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8152026 | Change |
|---|---|---|---|
| Stock Price ($) | 63.84 | 68.41 | 7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,530 | 1,574 | 2.9% |
| Net Income Margin (%) | 14.5% | 14.5% | 0.3% |
| P/E Multiple | 21.8 | 22.7 | 4.1% |
| Shares Outstanding (Mil) | 75 | 76 | -0.2% |
| Cumulative Contribution | 7.2% |
Market Drivers
4/30/2026 to 8/15/2026| Return | Correlation | |
|---|---|---|
| MC | 7.2% | |
| Market (SPY) | 8.0% | 50.1% |
| Sector (XLF) | 11.6% | 51.9% |
Fundamental Drivers
The -1.7% change in MC stock from 1/31/2026 to 8/15/2026 was primarily driven by a -9.3% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 8152026 | Change |
|---|---|---|---|
| Stock Price ($) | 69.57 | 68.41 | -1.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,468 | 1,574 | 7.3% |
| Net Income Margin (%) | 16.0% | 14.5% | -9.3% |
| P/E Multiple | 22.4 | 22.7 | 1.3% |
| Shares Outstanding (Mil) | 75 | 76 | -0.2% |
| Cumulative Contribution | -1.7% |
Market Drivers
1/31/2026 to 8/15/2026| Return | Correlation | |
|---|---|---|
| MC | -1.7% | |
| Market (SPY) | 12.5% | 50.9% |
| Sector (XLF) | 9.4% | 59.7% |
Fundamental Drivers
The 2.5% change in MC stock from 7/31/2025 to 8/15/2026 was primarily driven by a 13.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 8152026 | Change |
|---|---|---|---|
| Stock Price ($) | 66.75 | 68.41 | 2.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,384 | 1,574 | 13.7% |
| Net Income Margin (%) | 14.3% | 14.5% | 1.3% |
| P/E Multiple | 25.5 | 22.7 | -11.1% |
| Shares Outstanding (Mil) | 76 | 76 | 0.0% |
| Cumulative Contribution | 2.5% |
Market Drivers
7/31/2025 to 8/15/2026| Return | Correlation | |
|---|---|---|
| MC | 2.5% | |
| Market (SPY) | 23.9% | 53.2% |
| Sector (XLF) | 12.4% | 62.7% |
Fundamental Drivers
The 60.8% change in MC stock from 7/31/2023 to 8/15/2026 was primarily driven by a 213.8% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8152026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.54 | 68.41 | 60.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 808 | 1,574 | 94.7% |
| Net Income Margin (%) | 4.6% | 14.5% | 213.8% |
| P/E Multiple | 78.0 | 22.7 | -70.9% |
| Shares Outstanding (Mil) | 69 | 76 | -9.4% |
| Cumulative Contribution | 60.8% |
Market Drivers
7/31/2023 to 8/15/2026| Return | Correlation | |
|---|---|---|
| MC | 60.8% | |
| Market (SPY) | 75.6% | 59.9% |
| Sector (XLF) | 72.0% | 69.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MC Return | 49% | -34% | 55% | 37% | -3% | 5% | 112% |
| Peers Return | 27% | -16% | 17% | 82% | 78% | 17% | 373% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| MC Win Rate | 75% | 33% | 50% | 50% | 58% | 62% | |
| Peers Win Rate | 60% | 52% | 47% | 63% | 65% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MC Max Drawdown | -21% | -44% | -29% | -15% | -39% | -33% | |
| Peers Max Drawdown | -16% | -39% | -31% | -19% | -33% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MS, GS, SCHW, HOOD, IBKR. See MC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/14/2026 (YTD)
How Low Can It Go
| Event | MC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -37.2% | -18.8% |
| % Gain to Breakeven | 59.1% | 23.1% |
| Time to Breakeven | 163 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.6% | -9.5% |
| % Gain to Breakeven | 30.9% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.9% | -6.7% |
| % Gain to Breakeven | 33.2% | 7.1% |
| Time to Breakeven | 34 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.9% | -24.5% |
| % Gain to Breakeven | 78.1% | 32.4% |
| Time to Breakeven | 443 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.1% | -33.7% |
| % Gain to Breakeven | 58.9% | 50.9% |
| Time to Breakeven | 79 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -39.6% | -19.2% |
| % Gain to Breakeven | 65.7% | 23.8% |
| Time to Breakeven | 728 days | 105 days |
In The Past
Moelis's stock fell -37.2% during the 2025 US Tariff Shock. Such a loss loss requires a 59.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | MC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -37.2% | -18.8% |
| % Gain to Breakeven | 59.1% | 23.1% |
| Time to Breakeven | 163 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.6% | -9.5% |
| % Gain to Breakeven | 30.9% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.9% | -6.7% |
| % Gain to Breakeven | 33.2% | 7.1% |
| Time to Breakeven | 34 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.9% | -24.5% |
| % Gain to Breakeven | 78.1% | 32.4% |
| Time to Breakeven | 443 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.1% | -33.7% |
| % Gain to Breakeven | 58.9% | 50.9% |
| Time to Breakeven | 79 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -39.6% | -19.2% |
| % Gain to Breakeven | 65.7% | 23.8% |
| Time to Breakeven | 728 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -30.1% | -6.8% |
| % Gain to Breakeven | 43.1% | 7.3% |
| Time to Breakeven | 330 days | 15 days |
In The Past
Moelis's stock fell -37.2% during the 2025 US Tariff Shock. Such a loss loss requires a 59.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Moelis (MC)
Moelis & Company (MC) operates as a global independent investment banking advisory firm. It specializes in providing expert financial advice to a diverse range of clients across the United States, Europe, and international markets. The company focuses solely on advisory services, distinguishing itself from firms that also engage in lending or trading activities.
The firm's primary services revolve around critical corporate finance matters. This includes advising on mergers and acquisitions (M&A), helping companies navigate complex recapitalizations and restructurings, and guiding them through various capital markets transactions. Essentially, Moelis assists clients with their most significant strategic financial decisions and corporate transactions.
Moelis serves a broad and sophisticated client base. Its customers include large public multinational corporations, privately held middle-market companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds. Through its global reach and strategic alliances, such as with Sumitomo Mitsui Banking Corporation, the company effectively extends its specialized advisory capabilities to these varied clients worldwide.
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Here are a few analogies for Moelis:
- Like the dedicated M&A advisory division of a major investment bank such as Goldman Sachs or Morgan Stanley, but operating as an independent firm.
- Essentially a highly specialized financial advisor for companies, akin to the corporate finance and M&A services offered by firms like JPMorgan or Bank of America, but with an independent model.
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- Mergers & Acquisitions Advisory: Providing strategic and financial advice on M&A transactions, including acquisitions, divestitures, and mergers.
- Recapitalizations & Restructurings Advisory: Advising companies on optimizing their capital structure, managing distressed situations, or restructuring their balance sheets.
- Capital Markets Transactions Advisory: Assisting clients with various capital-raising activities, such as equity offerings, debt placements, and private capital transactions.
- Other Corporate Finance Advisory: Offering general strategic financial advice on a broad range of corporate finance matters.
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Moelis & Company (MC) primarily serves other companies and institutional clients. Its major customers include:
- Public multinational corporations
- Middle market private companies
- Financial sponsors
- Entrepreneurs
- Governments
- Sovereign wealth funds
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Navid Mahmoodzadegan, Chief Executive Officer & Co-Founder
Navid Mahmoodzadegan is a Co-Founder of Moelis & Company and serves on its Board of Directors, having become CEO effective October 1, 2025. He previously served as Co-President of Moelis. With over 30 years of investment banking experience, he held leadership roles at UBS Investment Bank, including Global Head of Media Investment Banking, prior to Moelis & Company. Navid was also an investment banker at Donaldson, Lufkin & Jenrette and began his career as an attorney at Irell & Manella.
Chris Callesano, Chief Financial Officer
Chris Callesano was appointed Chief Financial Officer of Moelis & Company, effective March 31, 2025. He oversees the firm's financial operations and investor relations and previously served as the Firm's Principal Accounting Officer and Corporate Controller. Chris has over 25 years of finance and accounting experience, primarily within the financial services industry. Before joining Moelis & Company in 2010, he was Senior Managing Director of Financial Reporting and Policy at NASDAQ OMX, where he was responsible for preparing financial statements filed with the SEC. Earlier in his career, he was the Director of Corporate Reporting at Merrill Lynch and an auditor at Ernst & Young.
Ken Moelis, Founder & Executive Chairman
Ken Moelis is the Founder of Moelis & Company, which he established in 2007. He served as the firm's Chief Executive Officer from its inception through September 2025, transitioning to Executive Chairman on October 1, 2025. With over 40 years of experience, he has been instrumental in the innovation and growth of investment banking franchises across the industry. Prior to founding Moelis & Company, Ken was President of UBS Investment Bank and previously the Head of Corporate Finance at Donaldson, Lufkin & Jenrette. He began his investment banking career at Drexel Burnham Lambert.
Jeff Raich, Co-Founder & Executive Vice Chairman
Jeff Raich is a Co-Founder of Moelis & Company and became Executive Vice Chairman effective October 1, 2025. He previously served as Co-President of Moelis. He continues to lead key business areas of the firm and has been a pivotal figure in steering the company's strategic growth initiatives, working in partnership with Ken Moelis for many years.
Elizabeth Crain, Co-Founder
Elizabeth Crain is a Co-Founder of Moelis & Company and served as Chief Operating Officer from 2007 to October 2023. As COO, she led the firm's global strategy, infrastructure, and business management functions. She has nearly 35 years of experience in the investment banking and private equity industries as a banker, principal, and operations executive. Before co-founding Moelis & Company, she was a Managing Director at UBS Investment Bank, holding senior management roles including Chief Operating Officer of UBS Investment Banking Americas. Prior to UBS, she worked in the private equity industry and started her career in investment banking at Merrill Lynch.
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The key risks to Moelis & Company (MC) primarily stem from the cyclical nature of its investment banking advisory business and the highly competitive environment in which it operates.
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Economic Uncertainty and Market Volatility: Moelis & Company's revenue is highly dependent on overall market conditions, M&A activity, and capital markets transactions. Economic downturns, geopolitical risks, and market volatility can adversely affect transaction volumes and impact the firm's revenue streams. For instance, current market and economic conditions have previously suggested struggles for Moelis due to low market activity. The company's business model is vulnerable to economic cycles, which affect deal flow.
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Intense Competition: The investment banking industry is intensely competitive, with numerous firms vying for market share. This competitive landscape can exert pressure on Moelis & Company's margins and make it challenging to secure advisory mandates. Moelis competes with other independent investment banks and the advisory divisions of larger financial institutions.
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Talent Acquisition and Retention: The success of Moelis & Company relies significantly on its ability to recruit, retain, and motivate high-caliber financial professionals. The competitive market for investment bankers poses a continuous risk to maintaining a skilled workforce, which is critical for client relationships and business success. The firm also faces "Key Man" risk, as highlighted by the recent transition of its founder and CEO to an Executive Chairman role, though continuity plans are in place.
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Moelis & Company operates within several addressable markets for its investment banking advisory services, including mergers and acquisitions (M&A) advisory, recapitalizations and restructurings, and capital markets transactions.
Overall Investment Banking Advisory Market
- Globally, the investment banking advisory services market was estimated at approximately $300.0 billion in 2024 and is projected to reach $450.0 billion by 2035, growing at a compound annual growth rate (CAGR) of 3.75% during that period.
- In the United States, the investment banking market is valued at around $135 billion, based on a five-year historical analysis. The U.S. market is expected to grow from $54.74 billion in 2025 to $67.47 billion by 2031, with a CAGR of 3.55%.
Mergers and Acquisitions (M&A) Advisory Market
- The global M&A advisory market is estimated at $50 billion in 2025 and is projected to exhibit a CAGR of 7% between 2025 and 2033. This market is driven by factors such as increased cross-border investments and private equity activity.
- Other estimates for the global M&A advisory market show a value of approximately $26.50 billion in 2024, expected to reach $27.13 billion in 2025 and grow to $31.91 billion by 2033, with a CAGR of 2.5%.
- The United States accounts for a significant portion of global M&A activity, representing 38% of the global deal value in 2023.
Restructuring Advisory Market
- The global financial restructuring advisory market is estimated at $50 billion in 2025 and is projected to grow at a CAGR of 8% from 2025 to 2033, reaching approximately $95 billion. This growth is attributed to increasing economic volatility, corporate debt levels, and a surge in bankruptcies and insolvencies.
- The global corporate restructuring advisory market was valued at US$24.1 billion in 2023 and is expected to reach US$44.5 billion by 2033, with a CAGR of 6.3%.
- The U.S. corporate restructuring market was the largest in the world in 2022, with businesses spending a total of US$8.4 billion on such services.
Capital Markets Advisory Services Market
- The global Capital Markets Advisory Services market is estimated at $50 billion in 2025 and is projected to experience a CAGR of 7% from 2025 to 2033, reaching approximately $85 billion. This market is driven by the increasing complexity of financial regulations, the need for strategic guidance in M&A, and the rising demand for expertise in areas like initial public offerings (IPOs) and debt financing.
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Moelis & Company (MC) anticipates several key drivers to fuel its revenue growth over the next two to three years, stemming from a favorable market outlook, strategic expansion, and talent investments.
One significant driver is the **anticipated recovery and upcycle in the mergers and acquisitions (M&A) market**. Moelis entered 2026 with a substantially improved transaction environment and a pipeline nearing record levels, with M&A contributing significantly to its 2025 revenue growth. This longer-term constructive outlook for M&A activity is expected to be driven by high equity valuations and potentially lower interest rates, with the cycle still considered to be in its middle stages compared to the trough in 2023.
Another crucial growth driver is the **aggressive expansion of its Private Capital Advisory (PCA) services**. Moelis is strategically investing and aggressively scaling its PCA and fundraising capabilities to serve the burgeoning private equity and alternative credit sectors. The firm has emphasized its plans to become a market leader in this area, supported by significant hiring of senior bankers.
Furthermore, Moelis' **strategic hiring and global expansion efforts, particularly in high-growth sectors**, are expected to contribute to future revenue. The company's growth strategy centers on talent development and increasing its Managing Director headcount, with recent additions focused on expanding coverage in areas such as Technology, Energy, and Healthcare. This strategic recruitment deepens its global expertise and aligns the firm with major market opportunities, enhancing its ability to capitalize on cross-border transactions and strengthen its presence in regions like Europe.
Lastly, the firm expects continued momentum in its **capital markets business**. Moelis reported a record-setting year for its capital markets segment in 2025, with management highlighting growing strength in this area.
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Share Repurchases
- Moelis & Company completed a multi-year share buyback program of approximately $196.47 million in early February 2026.
- The firm launched a new, open-ended share repurchase program of up to $300 million in February 2026.
- In 2025, the company repurchased approximately 950,000 shares in the open market, including 716,000 shares in the fourth quarter.
Share Issuance
- Moelis & Company's shares outstanding increased by 3.42% to 0.079 billion in 2025 from 0.077 billion in 2024.
- Shares outstanding increased by 11.84% in 2024 to 0.077 billion from 0.069 billion in 2023.
- The company aims to mitigate share dilution resulting from equity issuances related to compensation.
Outbound Investments
- Moelis & Company made substantial investments in 2025 to enhance its capabilities in both public and private markets.
- The firm has significantly invested in and expanded its Private Capital Advisory (PCA) business, including aggressive hiring of industry-leading talent and a focus on secondary and primary capital solutions for sponsors, with 21 Managing Directors added in 2025 and 13 promoted in early 2026.
- In the third quarter of 2025, the company recorded a gain of $19.1 million from the sale of 5.0 million shares of its investment in MA Financial Group Limited.
Capital Expenditures
- Moelis & Company operates with a capital-light advisory model.
- Adjusted non-compensation expenses for the full year 2025 were $224 million, an increase from $191.4 million in 2024.
- Primary focuses of these expenses include technology investments (up 13% year-over-year in Q4 2025) and occupancy costs, which increased partly due to duplicate UK office costs (up 23% year-over-year in Q4 2025).
Peer Outperformance in Investment Banking & Brokerage
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| MC | Moelis | 25.5% | 22.7x | -1.2% | 72.5% | 45.6% | — |
| EVR | Evercore | 24.9% | 15.9x | 0.9% | 141.0% | 145.5% | +100pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Investment Banking & Brokerage ← | 13 | 9.7% | 134.1% | 139.5% | IBKR 505% · SNEX 247% · GS 187% |
| Reinsurance | 6 | 22.8% | 84.1% | 121.3% | SPNT 141% · MTG 135% · RGA 134% |
| Diversified Banks | 12 | 50.0% | 135.7% | 113.7% | CM 164% · JPM 159% · RY 148% |
| Life & Health Insurance | 19 | 23.2% | 61.2% | 96.1% | UNM 307% · FG 261% · MFC 179% |
| Property & Casualty Insurance | 42 | 15.9% | 69.5% | 68.2% | ASIC 2469900% · HRTG 426% · UVE 277% |
| Regional Banks | 264 | 36.2% | 86.8% | 67.4% | ESQ 416% · GCBC 391% · VBNK 290% |
| Multi-Sector Holdings | 5 | 4.8% | 18.7% | 66.5% | JEF 92% · BRK-B 74% · VOYA 67% |
| Multi-line Insurance | 9 | 19.3% | 82.5% | 61.1% | GNW 178% · L 107% · SLF 90% |
| Consumer Finance | 30 | 18.4% | 96.4% | 37.0% | ENVA 729% · EZPW 369% · AGM 174% |
| Insurance Brokers | 15 | -10.4% | 11.7% | 32.5% | LIFE 625% · ARX 86% · AJG 85% |
| Financial Exchanges & Data | 15 | -5.3% | 11.6% | 32.2% | VIRT 177% · CBOE 152% · NDAQ 62% |
| Asset Management & Custody Banks | 83 | -5.5% | 22.7% | 23.1% | VCTR 292% · WT 289% · SII 265% |
| Commercial & Residential Mortgage Finance | 13 | -23.4% | 33.2% | 22.5% | FNMA 471% · FMCC 450% · IOR 64% |
| Specialized Finance | 3 | 23.7% | 53.9% | 3.1% | EFC 38% · CACC 3% · HASI -7% |
| Mortgage REITs | 34 | -4.2% | 14.7% | -7.8% | RITM 74% · DX 41% · NREF 38% |
| Transaction & Payment Processing Services | 15 | -0.5% | 2.8% | -41.9% | MA 61% · V 61% · CPAY 60% |
| Diversified Capital Markets | 21 | -31.1% | -17.0% | -46.9% | BTCS 467% · OPY 189% · LPLA 162% |
| Diversified Financial Services | 5 | -14.8% | 65.3% | -47.8% | FRHC 128% · EQH 89% · TMS -48% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Moelis Stock Rockets 22% With 12-Day Winning Streak | 04/22/2026 | |
| Moelis Earnings Notes | 12/29/2026 | |
| Moelis Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 | |
| MC Dip Buy Analysis | 07/10/2025 | |
| Time To Buy Moelis Stock? | 02/21/2025 | |
| Moelis (MC) Operating Cash Flow Comparison | 02/17/2025 | |
| Moelis (MC) Net Income Comparison | 02/15/2025 | |
| Moelis (MC) Operating Income Comparison | 02/15/2025 | |
| ARTICLES | ||
| Moelis Stock 12-Day Winning Spree: Stock Climbs 22% | 04/22/2026 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 103.33 |
| Mkt Cap | 139.3 |
| Rev LTM | 18,555 |
| Op Inc LTM | 2,270 |
| FCF LTM | 306 |
| FCF 3Y Avg | 862 |
| CFO LTM | 367 |
| CFO 3Y Avg | 903 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.3% |
| Rev Chg 3Y Avg | 17.4% |
| Rev Chg Q | 24.4% |
| QoQ Delta Rev Chg LTM | 5.6% |
| Op Inc Chg LTM | 19.0% |
| Op Inc Chg 3Y Avg | 197.1% |
| Op Mgn LTM | 46.0% |
| Op Mgn 3Y Avg | 34.0% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 18.0% |
| CFO/Rev 3Y Avg | 32.6% |
| FCF/Rev LTM | 15.6% |
| FCF/Rev 3Y Avg | 30.8% |
Price Behavior
| Market Price | $68.41 | |
| Market Cap ($ Bil) | 5.2 | |
| First Trading Date | 04/16/2014 | |
| Distance from 52W High | -9.4% | |
| 50 Days | 200 Days | |
| DMA Price | $66.69 | $64.50 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 2.6% | 6.1% |
| 3M | 1YR | |
| Volatility | 45.9% | 37.9% |
| Downside Capture | 238.68 | 202.00 |
| Upside Capture | 224.31 | 155.66 |
| Correlation (SPY) | 50.1% | 52.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.54 | 1.69 | 1.69 | 1.53 | 1.58 | 1.46 |
| Up Beta | 1.39 | 0.33 | 0.55 | 0.98 | 1.29 | 1.32 |
| Down Beta | 1.68 | 1.14 | 1.23 | 1.22 | 1.35 | 1.42 |
| Up Capture | 362% | 267% | 239% | 192% | 208% | 416% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 23 | 37 | 75 | 134 | 394 |
| Down Capture | 280% | 203% | 206% | 170% | 149% | 109% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 20 | 26 | 51 | 118 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MC | |
|---|---|---|---|---|
| MC | -5.2% | 37.9% | -0.06 | - |
| Sector ETF (XLF) | 11.6% | 14.5% | 0.53 | 62.4% |
| Equity (SPY) | 21.5% | 12.8% | 1.25 | 52.9% |
| Gold (GLD) | 30.0% | 28.5% | 0.91 | 14.2% |
| Commodities (DBC) | 38.1% | 20.1% | 1.49 | -19.2% |
| Real Estate (VNQ) | 14.4% | 13.9% | 0.73 | 32.1% |
| Bitcoin (BTCUSD) | -49.1% | 42.8% | -1.45 | 27.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MC | |
|---|---|---|---|---|
| MC | 8.5% | 37.5% | 0.31 | - |
| Sector ETF (XLF) | 10.8% | 18.4% | 0.45 | 68.6% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 63.2% |
| Gold (GLD) | 19.5% | 18.6% | 0.85 | 6.1% |
| Commodities (DBC) | 9.6% | 19.6% | 0.38 | 7.1% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 50.3% |
| Bitcoin (BTCUSD) | 8.0% | 52.8% | 0.34 | 28.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MC | |
|---|---|---|---|---|
| MC | 18.5% | 36.1% | 0.57 | - |
| Sector ETF (XLF) | 13.8% | 22.0% | 0.57 | 62.4% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 59.1% |
| Gold (GLD) | 12.0% | 16.2% | 0.60 | 1.6% |
| Commodities (DBC) | 7.7% | 18.0% | 0.34 | 16.7% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 43.7% |
| Bitcoin (BTCUSD) | 59.9% | 66.1% | 1.00 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/7/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 4.8% | 6.4% | |
| 4/29/2026 | -2.9% | -4.8% | 1.4% |
| 2/4/2026 | 1.1% | -2.6% | -20.0% |
| 10/29/2025 | -3.8% | -4.8% | -3.5% |
| 7/24/2025 | -0.9% | -1.3% | 3.1% |
| 4/23/2025 | 0.9% | 2.7% | 9.8% |
| 2/5/2025 | 1.9% | -4.6% | -21.7% |
| 10/23/2024 | -1.9% | -2.0% | 10.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 6 | 13 |
| # Negative | 13 | 18 | 10 |
| Median Positive | 2.5% | 4.9% | 5.2% |
| Median Negative | -3.8% | -3.6% | -8.7% |
| Max Positive | 6.4% | 12.3% | 18.7% |
| Max Negative | -9.4% | -11.7% | -21.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 4.8% | 6.4% | |
| 4/29/2026 | -2.9% | -4.8% | 1.4% |
| 2/4/2026 | 1.1% | -2.6% | -20.0% |
| 10/29/2025 | -3.8% | -4.8% | -3.5% |
| 7/24/2025 | -0.9% | -1.3% | 3.1% |
| 4/23/2025 | 0.9% | 2.7% | 9.8% |
| 2/5/2025 | 1.9% | -4.6% | -21.7% |
| 10/23/2024 | -1.9% | -2.0% | 10.4% |
| 7/24/2024 | 6.4% | 8.3% | 5.2% |
| 4/24/2024 | -6.9% | -6.6% | 6.2% |
| 2/7/2024 | 1.0% | -1.0% | -1.7% |
| 11/2/2023 | -0.9% | -4.6% | 18.7% |
| 7/26/2023 | -7.9% | -7.9% | -12.8% |
| 4/26/2023 | -8.0% | -11.2% | -4.5% |
| 2/8/2023 | -7.1% | -0.7% | -15.9% |
| 11/2/2022 | -7.2% | -7.5% | 5.8% |
| 7/27/2022 | 2.5% | 3.4% | 3.6% |
| 4/27/2022 | 4.8% | -0.1% | 3.5% |
| 2/9/2022 | -9.4% | -11.7% | -21.8% |
| 10/27/2021 | 2.3% | 12.3% | -4.0% |
| 7/21/2021 | 2.5% | 2.5% | 5.4% |
| 4/28/2021 | -1.1% | -2.1% | -1.3% |
| 2/10/2021 | -1.5% | -1.0% | 4.4% |
| 10/26/2020 | 2.8% | -1.6% | 5.2% |
| SUMMARY STATS | |||
| # Positive | 11 | 6 | 13 |
| # Negative | 13 | 18 | 10 |
| Median Positive | 2.5% | 4.9% | 5.2% |
| Median Negative | -3.8% | -3.6% | -8.7% |
| Max Positive | 6.4% | 12.3% | 18.7% |
| Max Negative | -9.4% | -11.7% | -21.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 04/29/2021 | 10-Q |
| 12/31/2020 | 02/24/2021 | 10-K |
| 09/30/2020 | 10/28/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 04/29/2020 | 10-Q |
| 12/31/2019 | 02/27/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
Insider Activity
Updated 8/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Watanabe, Osamu R | General Counsel, Secretary | Direct | Sell | 8062026 | 69.30 | 4,850 | 336,105 | 9,078 | Form |
| 2 | Watanabe, Osamu R | General Counsel, Secretary | Direct | Sell | 2232026 | 62.23 | 2,765 | 172,066 | 309,968 | Form |
| 3 | Shropshire, Kenneth | Direct | Sell | 8272025 | 72.52 | 2,615 | 189,640 | 515,545 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Watanabe, Osamu R | General Counsel, Secretary | Direct | Sell | 8062026 | 69.30 | 4,850 | 336,105 | 9,078 | Form |
| 2 | Watanabe, Osamu R | General Counsel, Secretary | Direct | Sell | 2232026 | 62.23 | 2,765 | 172,066 | 309,968 | Form |
| 3 | Shropshire, Kenneth | Direct | Sell | 8272025 | 72.52 | 2,615 | 189,640 | 515,545 | Form |
Investor Activity (13F)
Updated Aug 16, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Investment Banking & Brokerage Resources |
| Wall Street Oasis |
| Mergers & Acquisitions |
| Markets Media |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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