What is Morningstar's PP&E (net)?

Morningstar (MORN) reported PP&E (net) of $234.8M in Q1 2026.

How has Morningstar's PP&E (net) changed year-over-year?

Morningstar's PP&E (net) increased by 6.0% year-over-year, from $221.6M to $234.8M.

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.

Morningstar MORN PP&E (Net)

PP&E (Net) at other companies

S&P GlobalSPGI

$261M-1.9%

FactSet Research SystemsFDS

$84.43M+5.9%

Moody'sMCO

$735M+9.5%

MSCIMSCI

$87.3M+2.0%

BlackrockBLK

$1.28B+14.2%

Wells Fargo & CompanyWFC

$11.5B+11.0%

Segments

By geography

See full

United States$178.6M—

Canada$17.9M—

UNITED KINGDOM$4.9M—

Australia$1.1M—

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

See full

Return on equity30.7%+5.0pp

Debt / equity1.9×+1.3×

Current ratio1×-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: Morningstar (MORN) reported PP&E (net) of $234.8M in Q1 2026.
How has Morningstar's PP&E (net) changed year-over-year?: Morningstar's PP&E (net) increased by 6.0% year-over-year, from $221.6M to $234.8M.
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.