Along with S&P Ratings, Moody's is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, issuers, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.
Even if issuance volume turns south, strong pricing power and GDP growth should cause a rebound in ratings revenue over time. In addition, maturing debt should support issuance levels.
Higher interest rates, corporate deleveraging, and higher spreads could cause a decline in bond issuance that will weigh on ratings revenue. Notably, spreads in 2024 and 2025 for high-yield were lower than normal, indicating relatively loose credit conditions.
|
Metric
|
MCO
|
SPGI
|
MSCI
|
|---|---|---|---|
Price/Earnings (Normalized) | 27.00 | 20.57 | 29.29 |
Price/Book Value | 25.61 | 3.63 | — |
Price/Sales | 9.74 | 7.22 | 12.16 |
Price/Cash Flow | 24.25 | 18.52 | 24.18 |
|
Metric
|
MCO
|
SPGI
|
MSCI
|
|---|---|---|---|
Quick Ratio | 1.03 | 0.83 | 0.77 |
Current Ratio | 1.19 | 0.95 | 0.89 |
Interest Coverage | 14.27 | 22.80 | 7.13 |
|
Metric
|
MCO
|
SPGI
|
MSCI
|
|---|---|---|---|
Return on Assets (Normalized) | 19.29% | 8.44% | 25.07% |
Return on Equity (Normalized) | 81.71% | 16.06% | — |
Return on Invested Capital (Normalized) | 27.94% | 10.72% | 42.55% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| S&P Global Inc
SPGI
| LOCK|>$&DYxS< | LOCK|R>> | $114B | |||
| CME Group Inc Class A
CME
| LOCK|f>>y>q! | LOCK|<hx | $95B | |||
| Intercontinental Exchange Inc
ICE
| LOCK|Sb!?@y< | LOCK|@t | $85B | |||
| Nasdaq Inc
NDAQ
| LOCK|vVlk#Qm | LOCK|?c!d | $51B | |||
| Coinbase Global Inc Ordinary Shares - Class A
COIN
| LOCK|d<bg&? | LOCK|Vyw | $50B | |||
| MSCI Inc
MSCI
| LOCK|fx?Qncj | LOCK|!>F | $40B | |||
| Cboe Global Markets Inc
CBOE
| LOCK|d?JW$> | LOCK|@RBX | $29B | |||
| TransUnion
TRU
| LOCK|yj<?#% | LOCK|XQ>n$ | $12B | |||
| FactSet Research Systems Inc
FDS
| LOCK|^K$$FN | LOCK|Zg | $10B |
United States