Moody's Corporation (MCO)财务
NYSE · Financial Services · Financial - Data & Stock Exchanges · 员工15,636人 · CEO Robert Scott Fauber
- 股价
- $493.97 +1.05%
- 市值
- $852亿
- 企业价值
- $912亿
- 最近财报
- Q3 '26 2026-10-21提交
- 下次财报
- 2027-02-17 EPS预期 $3.62
营收(TTM)$81.8亿+9.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)44.9%+1.4 百分点 对比去年同期营业利润 $36.7亿
净利润(TTM)$28.8亿+28.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)$31.6亿+19.7% 对比去年同期资本支出 $1.66亿
稀释EPS(TTM)$16.40+31.9% 对比去年同期最近4个季度之和
净现金-$58.7亿-9.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $852亿 EV $912亿
- 营收
- $81.8亿 过去12个月
- 营收增速
- +7% FY2026年一致预期
- 净利润率
- 35.3% 净利润 / 营收,TTM
- P/E
- 30.0× 预期 29.5×(FY2026)
- P/S
- 10.4× 股价 / 营收,TTM
- EV / EBITDA
- 23.7× TTM
- 自由现金流
- $31.6亿 过去12个月
- 净利润
- $28.8亿 过去12个月
- 营收预期
- $82.2亿 FY2026年一致预期
- 盈利
- 2027-02-17 营收预期 $19.3亿
- 股息
- $4.03 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-21):营收低于预期2.6%,EPS 低于预期2.6%营收$20.2亿,预期$20.8亿(-2.6%);EPS $4.14,预期$4.25(-2.6%)。
- 营收增长放缓:同比0.8%Q3 '26营收$20.2亿,此前四个季度的平均值为11.7%。
- 营业利润率44.9%(TTM),较去年同期+1.4 百分点营收增长9.0%,营业利润增长12.4%。
- 资本支出占营收的2.0%(去年为1.0%)最近4个季度投入$1.66亿(同比+124.3%)。自由现金流$31.6亿,相当于净利润的109.7%。
- 股东回报$13.6亿 = 自由现金流的43.1%回购$8.32亿(去年为$4.86亿),股息$5.3亿,股权激励$1.75亿(TTM)。
- 稀释股数一年内减少3.8%Q3 '26稀释股数1.73亿,一年前为1.8亿。
- 净债务 $58.7亿现金 + 短期投资 $16.2亿,含租赁债务 $74.9亿;一年前净债务 $53.9亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $20.2亿 | $20.1亿 | +0.8% |
| 毛利率 | 74.1% | 69.4% | +4.7 百分点 |
| 营业利润 | $9.06亿 | $9.17亿 | -1.2% |
| 营业利润率 | 44.8% | 45.7% | -0.9 百分点 |
| 净利润 | $7.34亿 | $6.46亿 | +13.6% |
| 稀释EPS | $4.24 | $3.60 | +17.8% |
| 经营现金流 | $7.53亿 | $7.43亿 | +1.3% |
| 资本支出 | $8500万 | -$1.6亿 | +153.1% |
| 自由现金流 | $6.68亿 | $9.03亿 | -26.0% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $5800万 | $1.74亿 | -66.7% |
实际 vs 一致预期
2026-10-21| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $20.2亿 | $20.8亿 | -2.6% |
| EPS(一致预期口径) | $4.14 | $4.25 | -2.6% |
来自2026-10-21发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Moodys Analytics | $13亿 | +6.6% | 64.3% | $51.2亿 | +2.7% | |
| Moodys Investors Service | $7.22亿 | -8.3% | 35.7% | $30.5亿 | +21.4% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| International Regions | $8.89亿 | 0.0% | 50.0% | $34.4亿 | -5.4% | |
| EMEA | $5.96亿 | +0.3% | 33.5% | $24.6亿 | +7.2% | |
| Asia Pacific | $1.78亿 | -1.1% | 10.0% | $7.29亿 | +8.2% | |
| U S | $1.15亿 | 0.0% | 6.5% | $4.58亿 | -0.9% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $33.3亿
- 资本支出
- -$1.66亿
- 股票回购
- -$8.32亿
- 股息
- -$5.3亿
- 收购
- $1700万
- 债务净发行
- $0
- 股权激励费用
- $1.75亿
- 自由现金流
- $31.6亿
- 股东回报 / FCF
- 43.1%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 30.0× | 38.7× | 32.9× – 44.5× |
| EV / EBITDA | 23.7× | 26.3× | 24.3× – 30.6× |
| EV / 营收 | 11.1× | 12.3× | 10.5× – 13.0× |
| 股价 / FCF | 26.9× | 38.0× | 34.1× – 43.0× |
| 股价 / 净资产 | 26.1× | 23.1× | 20.3× – 26.7× |
| FCF收益率 | 3.7% | 2.7% | 2.3% – 2.9% |
| 投入资本回报率 | 23.5% | 17.1% | 12.9% – 21.0% |
| 净资产收益率 | 86.4% | 60.5% | 48.4% – 81.2% |
分析师
一致目标价 $536.44 (+8.6%)
区间 $480.00 – $595.00 · 评级 Buy
强烈买入0
买入18
持有13
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $82.2亿 | +6.5% | $16.77 | +22.7% | 29.5× | 16 |
| FY2027 | $87.8亿 | +6.8% | $18.65 | +11.2% | 26.5× | 16 |
| FY2028 | $94.2亿 | +7.3% | $20.72 | +11.1% | 23.8× | 10 |
| FY2029 | $99.7亿 | +5.9% | $23.63 | +14.0% | 20.9× | 4 |
| FY2030 | $105亿 | +5.4% | $26.97 | +14.2% | 18.3× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Moody's Corporation在近期10-Q / 10-K文件中标记的全部319项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $300万 | $400万 | -25.0% | – | – | – | |
| Accounts Payable and Accrued Liabilities, Current | $12.2亿 | $10.3亿 | +18.1% | $13亿 | $13.4亿 | -3.0% |
| Accounts Payable, Current | $6200万 | $5400万 | +14.8% | $6200万 | $5300万 | +17.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $18.3亿 | $17.7亿 | +3.2% | $20.2亿 | $18亿 | +12.4% |
| Accounts Receivable, Allowance for Credit Loss, Current | $2900万 | $3300万 | -12.1% | $2900万 | $3200万 | -9.4% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $1500万 | $1800万 | -16.7% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $200万 | $500万 | -60.0% | $1200万 | $1500万 | -20.0% |
| Accrued Bonuses, Current | $2.98亿 | $2.63亿 | +13.3% | $3.9亿 | $4.52亿 | -13.7% |
| Accrued Income Taxes, Current | $1.6亿 | $8900万 | +79.8% | $1.46亿 | $1.44亿 | +1.4% |
| Accrued Professional Fees, Current | $3900万 | $4000万 | -2.5% | $4900万 | $3800万 | +28.9% |
| Accrued Royalties, Current | $1400万 | $1900万 | -26.3% | $2000万 | $2500万 | -20.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $16.5亿 | $15.1亿 | +9.6% | $15.7亿 | $14.5亿 | +8.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$5.41亿 | -$5.38亿 | -0.6% | -$5亿 | -$6.38亿 | +21.6% |
| Additional Paid in Capital, Common Stock | $18.2亿 | $16.2亿 | +12.4% | $16.8亿 | $14.5亿 | +15.5% |
| Amortization of Intangible Assets | $5100万 | $5500万 | -7.3% | $2.15亿 | $1.98亿 | +8.6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 30万 | 20万 | +50.0% | 20万 | 40万 | -50.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $5900万 | $5900万 | 0.0% | $2.39亿 | $2.25亿 | +6.2% |
| Assets | $148亿 | $154亿 | -3.8% | $158亿 | $155亿 | +2.1% |
| Assets for Plan Benefits, Defined Benefit Plan | $8200万 | $6200万 | +32.3% | $7400万 | $6000万 | +23.3% |
| Assets, Current | $42.2亿 | $46亿 | -8.2% | $51.9亿 | $52.9亿 | -2.0% |
| Assets, Fair Value Disclosure | $3.52亿 | $1.17亿 | +200.9% | $1.22亿 | $1.66亿 | -26.5% |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | $02025-12-31 | $0 | – | $0 | $700万 | -100.0% |
| Capital Units, Authorized | 10.2亿2025-12-31 | 10.2亿 | 0.0% | 10.2亿 | 10.2亿 | 0.0% |
| Capitalized Contract Cost, Net, Current | $1.49亿 | $1.31亿 | +13.7% | $1.43亿 | $1.31亿 | +9.2% |
| Capitalized Contract Cost, Net, Noncurrent | $2.61亿 | $2.26亿 | +15.5% | $2.53亿 | $2.14亿 | +18.2% |
| Cash and Cash Equivalents, at Carrying Value | $15.1亿 | $21.8亿 | -30.6% | $23.8亿 | $24.1亿 | -1.0% |
| Cash Surrender Value of Life Insurance | $4800万 | $5000万 | -4.0% | $5000万 | $4800万 | +4.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $15.1亿 | $21.8亿 | -30.6% | $23.8亿 | $24.1亿 | -1.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $4600万 | $700万 | +557.1% | -$2400万 | $2.78亿 | -108.6% |
| Common Stock, Dividends, Per Share, Cash Paid | $0.942025-12-31 | $0.85 | +10.6% | $3.76 | $3.40 | +10.6% |
| Common Stock, Dividends, Per Share, Declared | $1.03 | $0.94 | +9.6% | $3.76 | $3.40 | +10.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $300万 | -$100万 | +400.0% | -$900万 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $7.47亿 | $6.28亿 | +18.9% | $26亿 | $19.9亿 | +30.8% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $7.5亿 | $6.27亿 | +19.6% | $25.9亿 | $19.9亿 | +30.3% |
| Contract with Customer, Liability | $14.6亿 | $14.3亿 | +2.0% | $16.4亿 | $15.1亿 | +8.4% |
| Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress | $5.74亿 | $5.78亿 | -0.7% | $15亿 | $14.1亿 | +6.4% |
| Contract with Customer, Liability, Current | $14亿 | $13.7亿 | +2.4% | $15.8亿 | $14.5亿 | +8.8% |
| Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination | $0 | $0 | – | $1500万 | $900万 | +66.7% |
| Contract with Customer, Liability, Noncurrent | $5300万 | $5800万 | -8.6% | $5600万 | $5700万 | -1.8% |
| Contract with Customer, Liability, Revenue Recognized | $7.69亿 | $7.35亿 | +4.6% | $13.7亿 | $12.5亿 | +9.5% |
| Cost of Revenue | $5.24亿 | $4.92亿 | +6.5% | $19.7亿 | $19.5亿 | +1.4% |
| Costs and Expenses | $11.2亿 | $10.9亿 | +2.5% | $43.7亿 | $42.1亿 | +3.7% |
| Current Federal Tax Expense (Benefit) | – | – | – | $2.31亿 | $2.8亿 | -17.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $3.55亿 | $3.16亿 | +12.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $6.85亿 | $7.02亿 | -2.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $9900万 | $1.06亿 | -6.6% |
| Debt Instrument, Face Amount | $71.2亿 | $71.7亿 | -0.7% | $71.7亿 | $76.9亿 | -6.8% |
| Debt Instrument, Unamortized Discount (Premium), Net | $4500万 | $4900万 | -8.2% | $4900万 | $5200万 | -5.8% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3500万 | -$2100万 | +266.7% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$6000万 | -$3500万 | -71.4% |
| Deferred Income Tax Assets, Net | $2.36亿 | $2.88亿 | -18.1% | $3.05亿 | $2.93亿 | +4.1% |
| Deferred Income Tax Expense (Benefit) | $7800万 | $2300万 | +239.1% | -$1700万 | -$6200万 | +72.6% |
| Deferred Income Tax Liabilities, Net | $3.4亿 | $3.48亿 | -2.3% | $3.15亿 | $4.49亿 | -29.8% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $800万 | -$600万 | +233.3% |
| Deferred Tax Asset, Interest Carryforward | $2500万2025-12-31 | $2000万 | +25.0% | $2500万 | $2000万 | +25.0% |
| Deferred Tax Assets, Deferred Income | $2.17亿2025-12-31 | $2.11亿 | +2.8% | $2.17亿 | $2.11亿 | +2.8% |
| Deferred Tax Assets, Derivative Instruments | $8300万2025-12-31 | $0 | – | $8300万 | $0 | – |
| Deferred Tax Assets, Gross | $7.05亿2025-12-31 | $5.8亿 | +21.6% | $7.05亿 | $5.8亿 | +21.6% |
| Deferred Tax Assets, Operating Loss Carryforwards | $6400万2025-12-31 | $5800万 | +10.3% | $6400万 | $5800万 | +10.3% |
| Deferred Tax Assets, Other | $2500万2025-12-31 | $3000万 | -16.7% | $2500万 | $3000万 | -16.7% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01