Moodys (MCO) EV to CFO (2009 - 2026)
Moodys' (MCO) EV to CFO was 23.08 for Q3 2026, down 24.4% from 30.51 a year earlier and down 0.6% from the prior quarter.
Powered by 
Analysis
Moodys (MCO) EV to CFO (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Moodys' EV to CFO came in at 21.44, down 22.8% year-over-year; for FY2025, it was 30.43, up 4.8% from FY2024.
- By year, EV to CFO came in at 29.03 in FY2024 (-9.8%), 32.19 in FY2023 (-3.9%), 33.48 in FY2022 (-4.9%) and 35.22 in FY2021 (+45.9%).
- The Q3 2026 figure ranks as the lowest quarterly EV to CFO since Q1 2021.
- Year over year, EV to CFO has now declined in each of the last three quarters, with an average decline of 9.3% over the last eight quarters.
- The high point for year-over-year EV to CFO in five years was Q1 2022 (growth of 56.7%); the low point was Q2 2026 (a decline of 29.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 23.23 (Q2 2026), 24.28 (Q1 2026) and 30.43 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.08 |
| Jun 30, 2026 | 23.23 |
| Mar 31, 2026 | 24.28 |
| Dec 31, 2025 | 30.43 |
| Sep 30, 2025 | 30.51 |
| Jun 30, 2025 | 32.82 |
| Mar 31, 2025 | 28.98 |
| Dec 31, 2024 | 29.03 |
| Sep 30, 2024 | 31.41 |
| Jun 30, 2024 | 30.88 |
| Mar 31, 2024 | 29.94 |
| Dec 31, 2023 | 32.19 |
| Sep 30, 2023 | 27.28 |
| Jun 30, 2023 | 32.02 |
| Mar 31, 2023 | 33.58 |
| Dec 31, 2022 | 33.48 |
| Sep 30, 2022 | 30.78 |
| Jun 30, 2022 | 32.35 |
| Mar 31, 2022 | 33.68 |
| Dec 31, 2021 | 35.22 |
API Access
Moodys EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=MCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "MCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=MCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();