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Morningstar MORN Continental Europe — Operating lease assets

Other geography segments

United Kingdom
$57.5M+35.0%
Other
$600K+500%

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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 continental europe — operating lease assets?
Morningstar (MORN) reported continental europe — operating lease assets of $15.4M in Q1 2026.
How has Morningstar's continental europe — operating lease assets changed year-over-year?
Morningstar's continental europe — operating lease assets decreased by 14.9% year-over-year, from $18.1M to $15.4M.
What is the long-term trend for Morningstar's continental europe — operating lease assets?
Over 4 years (2021 to 2025), Morningstar's continental europe — operating lease assets has grown at a 1.7% compound annual growth rate (CAGR), from $63.5M to $67.9M.
What does continental europe — operating lease assets mean?
This metric represents the right-of-use assets recognized on the balance sheet for operating leases related to facilities or equipment in Continental Europe. It serves as a measure of the company's commitment to physical infrastructure and office space within the region under lease agreements. Investors use this to evaluate the company's operational footprint and fixed-cost obligations outside of ownership.