What are Morningstar's profit margins?

Morningstar (MORN) runs a 61.7% gross margin and a 22.7% operating margin, with a 16.1% net margin.

Where do Morningstar's ratios come from?

Every ratio is computed from Morningstar's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Morningstar MORN Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	61.7%+1.0pp	61%+0.4pp	60.9%0.0pp	60.9%+0.1pp	60.7%+0.8pp
Operating margin	22.7%+0.8pp	21.5%+0.2pp	22.3%+3.9pp	22.3%+5.4pp	21.9%+7.7pp
Net margin	16.1%-0.5pp	15.3%-1.0pp	15.7%+1.0pp	17.2%+5.9pp	16.6%+6.5pp
Returns
Return on equity	30.7%+5.0pp	26.3%+1.2pp	24.4%+1.2pp	26.5%+8.1pp	25.7%+9.2pp
Return on invested capital	18.9%+0.4pp	19.8%+1.6pp	19.8%+4.4pp	19.2%+6.2pp	18.5%+7.3pp
Efficiency
Asset turnover	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Liquidity
Current ratio	1×-0.1×	1×-0.1×	1×-0.1×	1.1×+0.1×	1.1×+0.1×
Leverage
Debt-to-equity	1.9×+1.3×	1×+0.5×	0.7×0.0×	0.6×-0.1×	0.6×-0.2×
Net debt / EBITDA	1.9×+1.2×	1.1×+0.5×	0.8×0.0×	0.7×-0.5×	0.7×-1.0×
Per Share
Book value per share	$25.92-30.6%	$28.96-22.9%	$35.79-1.2%	$37.99+14.2%	$37.34+16.1%
Valuation
Market capitalization	$6.51B-49.2%	$8.94B-38.1%	$9.79B-28.4%	$13.09B+3.6%	$12.83B-2.6%
Price / earnings	16.2×-17.2×	23.9×-15.2×	26×-15.8×	32.4×-19.0×	33.4×-28.5×
Price / sales	2.6×-2.9×	3.7×-2.7×	4.1×-2.1×	5.6×-0.2×	5.5×-0.7×
Price / book	6.4×-1.6×	7.3×-1.6×	6.5×-2.3×	8.1×-0.7×	8×-1.5×
EV / EBITDA	10.4×-8.7×	13.6×-8.4×	14.3×-9.3×	19.1×-4.9×	19.1×-9.6×
Dividend yield	1.2%+0.6pp	0.9%+0.4pp	0.8%+0.3pp	0.6%0.0pp	0.6%+0.1pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Morningstar.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are Morningstar's profit margins?: Morningstar (MORN) runs a 61.7% gross margin and a 22.7% operating margin, with a 16.1% net margin.
Where do Morningstar's ratios come from?: Every ratio is computed from Morningstar's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.