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Morningstar MORN Other — Operating lease assets

Other geography segments

United Kingdom
$57.5M+35.0%
Continental Europe
$15.4M-14.9%

Similar metrics at other companies

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VECOLeased assets obtained in exchange for operating lease liabilities
$0-100%
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$15.7M-7.6%
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$18.25K-81.4%
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$31.5M+65.8%
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CGONLeased assets obtained in exchange for operating lease liabilities
$791K-7.9%

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 other — operating lease assets?
Morningstar (MORN) reported other — operating lease assets of $600K in Q1 2026.
How has Morningstar's other — operating lease assets changed year-over-year?
Morningstar's other — operating lease assets increased by 500.0% year-over-year, from $100K to $600K.
What is the long-term trend for Morningstar's other — operating lease assets?
Over 4 years (2021 to 2025), Morningstar's other — operating lease assets has grown at a -11.7% compound annual growth rate (CAGR), from $2.3M to $1.4M.
What does other — operating lease assets mean?
This metric represents the right-of-use assets recognized on the balance sheet for operating leases associated with the company's secondary geographic or operational segments. It reflects the value of leased office space, equipment, or other facilities utilized to conduct business in these specific regions. Analyzing this figure helps investors understand the company's fixed-cost commitments and physical footprint in non-core markets.