Moody's vs S&P Global
S&P Global is the larger business, with $15.34bn of revenue in fiscal 2025 against $7.72bn for Moody's (2.0 times as much). Moody's grew faster (8.9% against 7.9%). Moody's kept more of each dollar of sales as profit: a net margin of 31.9% against 29.2%.
| Latest fiscal year | Moody'sMCO, 2025 | S&P GlobalSPGI, 2025 |
|---|---|---|
| Revenue | $7.72bn | $15.34bn |
| Revenue growth | 8.9% | 7.9% |
| Net income | $2.46bn | $4.47bn |
| Operating margin | — | 42.2% |
| Net margin | 31.9% | 29.2% |
| Return on equity | 64.5% | 13.9% |
| Free cash flow | $2.58bn | $5.46bn |
| Cash | $2.38bn | $1.71bn |
| Total debt | $6.99bn | $13.09bn |
| Debt to equity | — | 42.0% |
| Dividend per share | $3.76 | $3.84 |
| Dividend yield | 0.8% | 0.8% |
| Share buybacks | $1.61bn | $5.00bn |
| Employees | — | 44,500 |
| Market value | $87.02bn | $134.89bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 90 (Strong) | 84 (Strong) |
| Insider trades, 12 months | 0 buys, 37 sales | 6 buys, 0 sales |