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Morningstar MORN Canada — Operating lease assets

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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$7.37B-32.8%
Enterprise value$8.81B-23.4%
P/E17.5×-9.6×
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

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseRightOfUseAsset.

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

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001289419-26-000041
Operating lease assets by geographical area / (in millions)As of June 30, 2026As of December 31, 2025
United States$71.0$74.9
Asia62.148.7
Australia1.11.5
Canada8.27.8
Continental Europe15.816.5
United Kingdom6.09.0
Other0.50.6
Total International93.784.1

Item 1.Financial Statements

FAQ

What is Morningstar's canada — operating lease assets?
Morningstar (MORN) reported canada — operating lease assets of $8.2M in Q2 2026.
How has Morningstar's canada — operating lease assets changed year-over-year?
Morningstar's canada — operating lease assets increased by 20.6% year-over-year, from $6.8M to $8.2M.
What is the long-term trend for Morningstar's canada — operating lease assets?
Over 4 years (2021 to 2025), Morningstar's canada — operating lease assets has grown at a 0.7% compound annual growth rate (CAGR), from $27.5M to $28.3M.
What does canada — operating lease assets mean?
This metric represents the value of right-of-use assets recognized on the balance sheet for office spaces and other facilities leased to support Canadian operations. It reflects the company's commitment to physical presence in the region and the associated long-term contractual obligations. Investors use this to understand the scale of the company's regional footprint and its impact on the overall lease liability profile.

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