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Morningstar MORN Enterprise value

Enterprise value at other companies

S&P Global logo
S&P GlobalSPGI
$136.48B-18.0%
FactSet Research Systems logo
FactSet Research SystemsFDS
$9.82B-48.1%
Moody's logo
Moody'sMCO
$83.5B-5.9%
MSCI logo
MSCIMSCI
$45.6B-5.4%
Blackrock logo
BlackrockBLK
$154.69B+0.8%
Equitable Holdings logo
Equitable HoldingsEQH
$4.38B-64.1%

Other financials

Income statement

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Revenue$644.8M+10.8%
Gross profit$405.9M+15.8%
Operating income$155.9M+36.6%
Net income$107.1M+36.4%
EPS (diluted)$2.73+50.0%

Balance sheet

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Cash & equivalents$492.8M-3.7%
Total debt$1.9B+91.9%
Total equity$1.0B-36.7%
Total assets$4.0B+11.2%

Cash flow

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Operating cash flow$91.5M+0.5%
CapEx$37.9M+17.7%
Free cash flow$53.6M-8.8%

Valuation

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Market cap$5.84B-49.2%
P/E14.5×-15.5×
P/S2.3×-2.6×

Profitability

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Gross margin61.7%+1.0pp
Operating margin22.7%+0.8pp
Net margin16.1%-0.5pp
FCF margin17.4%-1.9pp

Returns & leverage

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Return on equity30.7%+5.0pp
Debt / equity1.9×+1.3×
Current ratio1×-0.1×

Where this comes from

Calculated from Morningstar’s reported figures.

$6.5Bmarket cap+$1.9Btotal debt−$492.8Mcash and equivalents=$7.94B

The official record: Morningstar’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morningstar's enterprise value?
Morningstar (MORN) reported enterprise value of $7.94B in Q1 2026.
How has Morningstar's enterprise value changed year-over-year?
Morningstar's enterprise value decreased by 40.4% year-over-year, from $13.32B to $7.94B.
What is the long-term trend for Morningstar's enterprise value?
Over 5 years (2020 to 2025), Morningstar's enterprise value has grown at a -0.9% compound annual growth rate (CAGR), from $10.18B to $9.72B.
What does enterprise value mean?
Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.