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Morningstar MORN Canada — Operating lease assets

Other geography segments

United States
$74.9M
GB
$9M
Australia
$1.5M

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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 canada — operating lease assets?
Morningstar (MORN) reported canada — operating lease assets of $8.3M in Q1 2026.
How has Morningstar's canada — operating lease assets changed year-over-year?
Morningstar's canada — operating lease assets increased by 18.6% year-over-year, from $7M to $8.3M.
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.