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Morningstar MORN Non United States — Operating lease assets

Other geography segments

United Kingdom
$57.5M+35.0%
Continental Europe
$15.4M-14.9%
Other
$600K+500%

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$1.65B+2.3%

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 non united states — operating lease assets?
Morningstar (MORN) reported non united states — operating lease assets of $90.6M in Q1 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 8.8% year-over-year, from $83.3M to $90.6M.
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.