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Morningstar MORN Operating Lease Liability - Undiscounted Excess Amount

Operating Lease Liability - Undiscounted Excess Amount at other companies

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$28.22M+0.7%
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$262M
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$25.8M
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$556M+32.7%
StepStone Group Inc. logo
StepStone Group Inc.STEP
$39.51M+10.8%
Oppenheimer Holdings logo
Oppenheimer HoldingsOPY
$32.35M-23.4%

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$7.54B-30.0%
Enterprise value$8.97B-20.6%
P/E17.9×-8.8×
P/S2.9×-1.6×

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:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount.

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
(in millions)As of June 30, 2026As of June 30, 2026
202745.8
202838.9
202927.7
203021.2
Thereafter63.6
Total minimum lease commitments222.7
Adjustment for discount to present value31.2
Present value of lease liabilities$$191.5

Item 1.Financial Statements

FAQ

What is Morningstar's operating lease liability - undiscounted excess amount?
Morningstar (MORN) reported operating lease liability - undiscounted excess amount of $31.2M in Q2 2026.
How has Morningstar's operating lease liability - undiscounted excess amount changed year-over-year?
Morningstar's operating lease liability - undiscounted excess amount increased by 2.0% year-over-year, from $30.6M to $31.2M.
What does operating lease liability - undiscounted excess amount mean?
This represents the difference between the total undiscounted future lease payments and the present value of those payments recorded on the balance sheet. It effectively quantifies the interest component embedded within operating lease obligations. It is a measure of the financing cost inherent in the lease portfolio.

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