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Morningstar MORN Gross Profit

Gross Profit at other companies

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S&P GlobalSPGI
$2.98B+13.1%
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FactSet Research SystemsFDS
$310.73M+1.9%
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Moody'sMCO
$1.67B+18.3%
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MSCIMSCI
$717.1M+12.9%
ATH
Aether HoldingsATHR
$271.26K+16.8%

Other financials

Income statement

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Revenue$663.2M+9.6%
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
Debt / equity1.9×+1.2×
Current ratio1.1×-0.1×

Where this comes from

Calculated from Morningstar’s reported figures.

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 gross profit?
Morningstar (MORN) reported gross profit of $423.9M in Q2 2026.
How has Morningstar's gross profit changed year-over-year?
Morningstar's gross profit increased by 13.2% year-over-year, from $374.5M to $423.9M.
What is the long-term trend for Morningstar's gross profit?
Over 4 years (2021 to 2025), Morningstar's gross profit has grown at a 10.5% compound annual growth rate (CAGR), from $1B to $1.49B.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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