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Morningstar MORN Australia — Operating lease assets

Other geography segments

United States
$74.9M
GB
$9M
Canada
$7.8M

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LGNDLeased assets obtained in exchange for operating lease liabilities
$0-100%

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%
Enterprise value$7.28B-40.4%
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 ratio-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseRightOfUseAsset.

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 australia — operating lease assets?
Morningstar (MORN) reported australia — operating lease assets of $1.3M in Q1 2026.
How has Morningstar's australia — operating lease assets changed year-over-year?
Morningstar's australia — operating lease assets decreased by 40.9% year-over-year, from $2.2M to $1.3M.
What is the long-term trend for Morningstar's australia — operating lease assets?
Over 4 years (2021 to 2025), Morningstar's australia — operating lease assets has grown at a -21.2% compound annual growth rate (CAGR), from $19.2M to $7.4M.
What does australia — operating lease assets mean?
This metric represents the right-of-use assets recognized on the balance sheet for leased properties and equipment within the Australian segment under accounting standards for operating leases. It quantifies the company's commitment to physical office space and operational infrastructure in the region. Investors use this to evaluate the scale of the company's physical footprint and the associated long-term financial obligations.