Moodys (MCO) Return on Invested Capital [ROIC] (2009 - 2026)
Moodys' Return on Invested Capital [ROIC] came in at 27.86% for Q3 2026, up 6.41 percentage points from 21.45% a year earlier but down 0.28 percentage points from the prior quarter.
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Analysis
Moodys (MCO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Moodys' Return on Invested Capital [ROIC] was 23.58%, up 3.30 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last three years, though with a five-year change of -2.50 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 20.28% in FY2024 (+3.00 pp), 17.28% in FY2023 (+2.87 pp), 14.41% in FY2022 (-10.28 pp) and 24.69% in FY2021 (-1.39 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 14.37% (Q1 2023) to 28.14% (Q2 2026).
- Year-over-year, Return on Invested Capital [ROIC] has increased for 12 consecutive quarters, with an average year-over-year change of +4.06 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q2 2026 (a gain of 7.42 percentage points), and the weakest in Q4 2022 (a drop of 7.67 percentage points).
- Business Quant data shows MCO's Return on Invested Capital [ROIC] at 28.14% (Q2 2026), 25.14% (Q1 2026) and 23.65% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Msci | 236.00 Bn | 234.48 Bn | 739.80 Mn | 44.06% |
| 2 | S&P Global | 137.30 Bn | 132.50 Bn | 2.64 Bn | 14.90% |
| 3 | Moodys | 87.63 Bn | 80.69 Bn | 1.50 Bn | 27.86% |
| 4 | Verisk Analytics | 26.66 Bn | 22.85 Bn | 567.00 Mn | 31.95% |
| 5 | Equifax | 22.03 Bn | 21.43 Bn | 940.10 Mn | 9.29% |
| 6 | TransUnion | 15.46 Bn | 12.30 Bn | - | 7.66% |
| 7 | Factset Research Systems | 11.73 Bn | 10.58 Bn | 308.40 Mn | 16.92% |
| 8 | Morningstar | 9.14 Bn | 7.03 Bn | 431.40 Mn | 17.75% |
| 9 | Mastercard | 572.29 Bn | 532.37 Bn | - | 56.59% |
| 10 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 11.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.86% |
| Jun 30, 2026 | 28.14% |
| Mar 31, 2026 | 25.14% |
| Dec 31, 2025 | 23.65% |
| Sep 30, 2025 | 21.45% |
| Jun 30, 2025 | 20.72% |
| Mar 31, 2025 | 20.48% |
| Dec 31, 2024 | 19.25% |
| Sep 30, 2024 | 19.08% |
| Jun 30, 2024 | 18.70% |
| Mar 31, 2024 | 17.40% |
| Dec 31, 2023 | 17.17% |
| Sep 30, 2023 | 15.67% |
| Jun 30, 2023 | 14.48% |
| Mar 31, 2023 | 14.37% |
| Dec 31, 2022 | 14.71% |
| Sep 30, 2022 | 16.65% |
| Jun 30, 2022 | 18.12% |
| Mar 31, 2022 | 20.20% |
| Dec 31, 2021 | 22.38% |
API Access
Moodys Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=MCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=MCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();