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Morningstar MORN GB — Operating Lease Right Of Use Asset

Other geography segments

United States
$74.9M
Canada
$7.8M
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 GB — operating lease right of use asset?
Morningstar (MORN) reported GB — operating lease right of use asset of $7.5M in Q1 2026.
How has Morningstar's GB — operating lease right of use asset changed year-over-year?
Morningstar's GB — operating lease right of use asset decreased by 43.6% year-over-year, from $13.3M to $7.5M.
What is the long-term trend for Morningstar's GB — operating lease right of use asset?
Over 4 years (2021 to 2025), Morningstar's GB — operating lease right of use asset has grown at a -5.0% compound annual growth rate (CAGR), from $54.8M to $44.7M.
What does GB — operating lease right of use asset mean?
This metric represents the capitalized value of the right to use leased assets, such as office space or equipment, allocated to a specific geographic segment. It reflects the company's long-term commitment to physical infrastructure required to support operations in that region. Monitoring this asset balance provides insight into the scale of regional operations and the potential fixed cost obligations associated with the company's geographic footprint.