MCOMOODYS CORP /DE/

Services-Consumer Credit Reporting, Collection Agencies

Revenue: $7.7B; 8.9% YoY
Operating margin: 43.4%; 7.0% YoY
EBITDA: $3.8B; 16% YoY
Market cap: $85.2B
Employees: 5,300; $1M revenue each
Net debt / EBITDA: 1.4×; $5.3B net debt
AI in 10-K: 6.0; mentions per 10K words

Takeover score 2 of 13

Fixable underperformance 1 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
118% of net income
Cash flow under 80% of net income
Dilutive SBCNo
3% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
80% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyYes
43% of assets
Over 40% of assets
Shareholder dissentNo
97% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$1M · 86th pct
Bottom quartile of its SIC industry
Quiet on AINo
6.0 per 10K words · 86th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
1.4× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$85.2B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$18M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$6.2B	$5.5B	$5.9B	$7.1B	$7.7B	8.9%
Operating income	$2.8B	$1.9B	$2.1B	$2.9B	$3.4B	17%
Net income	$2.2B	$1.4B	$1.6B	$2.1B	$2.5B	19%
Operating cash flow	$2.0B	$1.5B	$2.2B	$2.8B	$2.9B	2.2%
Capex	$139M	$283M	$271M	$317M	$326M	2.8%
Stock-based comp	$175M	$169M	$193M	$220M	$232M	5.5%
Buybacks	$750M	$983M	$490M	$1.3B	$1.6B	24%
Dividends	$463M	$515M	$564M	$620M	$701M	13%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $18M · 37
Net: −$18M

Pay vs performance

No pay-versus-performance disclosure yet.