Moelis & Co MC
Moelis & Company is a leading global independent investment bank that provides innovative strategic and financial advice and solutions to a diverse client base, including corporations, financial sponsors, governments and sovereign wealth funds. We assist our clients in achieving their strategic goals by offering comprehensive, globally integrated financial advisory services across all major industry sectors. Our team of experienced professionals advises clients on their most critical decisions, including mergers and acquisitions ("M&A"), recapitalizations and restructurings, capital markets transactions and other corporate finance matters.
Moelis & Company was founded in 2007 by veteran investment bankers to create a global independent investment bank that offers multi-disciplinary solutions and exceptional transaction execution combined with the highest standard of confidentiality and discretion. We create lasting client relationships by providing focused, innovative advice through a highly collaborative and global approach. Our compensation model fosters our holistic approach to clients by emphasizing quality of advice and is not a commission-based structure where employees are compensated on a defined percentage of the revenues they generate. We believe our discretionary approach to compensation leads to exceptional advice, strong client impact and enhanced internal collaboration.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total operating expenses | $1.24B | $1.02B | $895.1M | $769.2M | $1.04B | $677.6M | $632.0M | $659.1M | $520.3M | $452.3M |
| Operating income | $273.9M | $172.9M | -$40.4M | $216.1M | $495.9M | $265.7M | $114.5M | $226.8M | $164.3M | $161.1M |
| Interest expense | — | — | — | — | — | $748.0K | $990.0K | $653.0K | $408.0K | $263.0K |
| Pre-tax income | $327.5M | $196.0M | -$29.1M | $216.3M | $536.3M | $270.1M | $147.5M | $238.5M | $350.4M | $166.7M |
| Income tax | $67.9M | $44.5M | $1.6M | $47.6M | $113.3M | $51.7M | $11.8M | $30.4M | $223.8M | $24.8M |
| Net income | $259.6M | $151.5M | -$27.5M | $168.7M | $423.0M | $218.4M | $135.7M | $208.0M | $126.5M | $141.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $508.6M | $412.5M | $187.2M | $207.5M | $521.0M | $203.3M | $168.6M | $261.8M | $213.9M | $319.6M |
| Short-term investments | — | — | — | $265.2M | $263.3M | $211.8M | $213.2M | $143.9M | $96.1M | — |
| Property, plant and equipment | $89.8M | $65.5M | $63.8M | $57.2M | $59.2M | $50.0M | $14.0M | $12.7M | $10.5M | $8.4M |
| Total assets | $1.74B | $1.38B | $1.18B | $1.22B | $1.56B | $1.20B | $1.07B | $914.4M | $699.1M | $598.8M |
| Total liabilities | $1.06B | $899.6M | $817.3M | $757.9M | $1.08B | $752.0M | $677.9M | $542.6M | $354.8M | $347.4M |
| Retained earnings | -$801.2M | -$821.6M | -$767.6M | -$560.7M | -$535.3M | -$420.7M | -$324.2M | -$237.8M | -$139.9M | -$68.2M |
| Total equity | $568.4M | $441.6M | $362.5M | $458.9M | $478.3M | $444.5M | $393.8M | $371.8M | $344.3M | $251.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $576.3M | $427.5M | $158.5M | $33.0M | $937.0M | $429.2M | $209.3M | $390.9M | $233.2M | $231.6M |
| Stock-based compensation | $230.3M | $161.4M | $158.2M | $128.9M | $167.9M | $133.6M | $124.2M | $123.0M | $96.3M | $77.0M |
| Capital expenditure | $36.3M | $12.1M | $16.7M | $6.0M | $16.4M | $40.7M | $6.5M | $6.9M | $5.6M | $2.9M |
| Investing cash flow | -$196.0M | $17.1M | $48.6M | -$11.2M | -$17.0M | -$40.0M | -$51.9M | $9.3M | -$69.4M | $1.4M |
| Financing cash flow | -$283.9M | -$215.1M | -$229.2M | -$326.9M | -$602.5M | -$351.8M | -$252.7M | -$351.7M | -$272.5M | -$158.0M |
| Dividends paid | — | $184.2M | $182.2M | $174.7M | $480.0M | $282.9M | $209.2M | $313.8M | $255.7M | $154.7M |
| Buybacks | $74.6M | $10.8M | $47.0M | $147.5M | $104.2M | $44.3M | $51.2M | $33.5M | $12.3M | $3.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-193242.
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