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Morningstar MORN Debt-to-equity

Debt-to-equity at other companies

S&P Global logo
S&P GlobalSPGI
0.5×+0.1×
VAL
Value LineVALU
0.0×
FactSet Research Systems logo
FactSet Research SystemsFDS
0.4×-0.3×
Moody's logo
Moody'sMCO
2.5×+0.6×
Blackrock logo
BlackrockBLK
0.3×0.0×
StepStone Group Inc. logo
StepStone Group Inc.STEP
2.5×+1.7×

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%
CapEx$33.2M-9.3%
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
Current ratio1.1×-0.1×

Where this comes from

Calculated from Morningstar’s reported figures.

Based on the most recent quarter.

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

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001289419-26-000041

FAQ

What is Morningstar's debt-to-equity?
Morningstar (MORN) reported debt-to-equity of 1.9× in Q2 2026.
How has Morningstar's debt-to-equity changed year-over-year?
Morningstar's debt-to-equity increased by 193.3% year-over-year, from 0.6× to 1.9×.
What is the long-term trend for Morningstar's debt-to-equity?
Over 5 years (2020 to 2025), Morningstar's debt-to-equity has grown at a 15.9% compound annual growth rate (CAGR), from 0.5× to 1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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