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Morningstar MORN PP&E (Net)

PP&E (Net) at other companies

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Segments

By geography

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United Kingdom$32M+227%
Continental Europe$5.3M-18.5%
Other$100K-50.0%

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:PropertyPlantAndEquipmentNet.

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, except share amounts)As of June 30, 2026 (unaudited)As of December 31, 2025
Total current assets1,034.91,038.0
Goodwill1,745.61,610.8
Intangible assets, net569.2379.3
Property, equipment, and capitalized software, less accumulated depreciation and amortization of $962.5 million and $899.9 million, respectively239.6231.9
Operating lease assets164.7159.0
Investments in unconsolidated entities49.850.3
Deferred tax assets, net90.878.7
Deferred commissions28.730.1

Item 1.Financial Statements

FAQ

What is Morningstar's PP&E (net)?
Morningstar (MORN) reported PP&E (net) of $239.6M in Q2 2026.
How has Morningstar's PP&E (net) changed year-over-year?
Morningstar's PP&E (net) increased by 6.2% year-over-year, from $225.6M to $239.6M.
What is the long-term trend for Morningstar's PP&E (net)?
Over 5 years (2020 to 2025), Morningstar's PP&E (net) has grown at a 8.4% compound annual growth rate (CAGR), from $155.1M to $231.9M.
What does PP&E (net) mean?
Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

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