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CapEx at other companies

S&P Global logo
S&P GlobalSPGI
$38M-37.7%
FactSet Research Systems logo
FactSet Research SystemsFDS
$30.48M+20.8%
Moody's logo
Moody'sMCO
$91M+21.3%
MSCI logo
MSCIMSCI
$11M-2.7%
Blackrock logo
BlackrockBLK
$109M+22.5%
ATH
Aether HoldingsATHR
$1.17M

Other financials

Income statement

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Revenue$663.2M+9.6%
Gross profit$423.9M+13.2%
Operating income$160.6M+28.4%
Net income$107.8M+21.1%
EPS (diluted)$2.83+35.4%

Balance sheet

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Cash & equivalents$489.5M-2.8%
Total debt$1.9B+86.0%
Total equity$1.0B-36.6%
Total assets$3.9B+8.7%

Cash flow

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Operating cash flow$155.7M+57.3%
Free cash flow$122.5M+96.3%

Valuation

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Market cap$7.48B-32.8%
Enterprise value$8.91B-23.4%
P/E17.7×-9.8×
P/S2.9×-1.8×

Profitability

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Gross margin62.2%+1.3pp
Operating margin23.5%+1.3pp
Net margin16.4%-0.8pp
FCF margin19.4%+2.8pp

Returns & leverage

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Return on equity32%+5.4pp
Debt / equity1.9×+1.2×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Morningstar’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001289419-26-000041
(in millions)Six months ended June 30, 2026Six months ended June 30, 2025
Investing activities
Purchases of investment securities(13.9)(15.2)
Proceeds from maturities and sales of investment securities34.326.1
Capital expenditures(71.1)(68.8)
Acquisitions, net of cash acquired(359.6)(39.1)
Purchases of investments in unconsolidated entities(0.5)(2.5)
Other, net0.44.9
Cash used for investing activities(410.4)(94.6)

Item 1.Financial Statements

FAQ

What is Morningstar's capex?
Morningstar (MORN) reported capex of $33.2M in Q2 2026.
How has Morningstar's capex changed year-over-year?
Morningstar's capex decreased by 9.3% year-over-year, from $36.6M to $33.2M.
What is the long-term trend for Morningstar's capex?
Over 4 years (2021 to 2025), Morningstar's capex has grown at a 9.6% compound annual growth rate (CAGR), from $101.8M to $147.1M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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