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Morningstar MORN Non United States — Operating lease assets

Other geography segments

United Kingdom
$62.1M+48.9%
Continental Europe
$15.8M-7.6%
Other
$500K+400%

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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
Asia62.148.7
Australia1.11.5
Canada8.27.8
Continental Europe15.816.5
United Kingdom6.09.0
Other0.50.6
Total International93.784.1
Consolidated operating lease assets$164.7$159.0

Item 1.Financial Statements

FAQ

What is Morningstar's non united states — operating lease assets?
Morningstar (MORN) reported non united states — operating lease assets of $93.7M in Q2 2026.
How has Morningstar's non united states — operating lease assets changed year-over-year?
Morningstar's non united states — operating lease assets increased by 17.7% year-over-year, from $79.6M to $93.7M.
What is the long-term trend for Morningstar's non united states — operating lease assets?
Over 4 years (2021 to 2025), Morningstar's non united states — operating lease assets has grown at a 11.8% compound annual growth rate (CAGR), from $212.6M to $332.4M.
What does non united states — operating lease assets mean?
This metric represents the right-of-use assets recognized on the balance sheet for leased properties and equipment located in international jurisdictions. It provides insight into the company's reliance on leased infrastructure to conduct its foreign business activities. Monitoring this figure helps analysts understand the scale of operational commitments and fixed obligations outside the domestic market.

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