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Morningstar MORN Enterprise value

Enterprise value at other companies

S&P Global logo
S&P GlobalSPGI
$132.16B-22.5%
VAL
Value LineVALU
$308.43M-10.0%
FactSet Research Systems logo
FactSet Research SystemsFDS
$9.55B-49.3%
Moody's logo
Moody'sMCO
$85.17B-8.5%
MSCI logo
MSCIMSCI
$46.96B-3.9%
Blackrock logo
BlackrockBLK
$153.72B-4.5%

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%
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

Calculated from Morningstar’s reported figures.

$5.9Bmarket cap+$1.9Btotal debt−$489.5Mcash and equivalents=$7.37B

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 enterprise value?
Morningstar (MORN) reported enterprise value of $7.37B in Q2 2026.
How has Morningstar's enterprise value changed year-over-year?
Morningstar's enterprise value decreased by 45.9% year-over-year, from $13.62B to $7.37B.
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.

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