Morningstar (MORN) Asset Utilization Ratio (2010 - 2026)
Morningstar's Asset Utilization Ratio was 0.66 in Q3 2026, down 0.4% from 0.67 a year earlier but up 2.6% from the prior quarter.
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Analysis
Morningstar (MORN) Asset Utilization Ratio (2010 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Morningstar came in at 0.69, up 4.7% from FY2024.
- Asset Utilization Ratio has now increased for three consecutive years.
- In earlier years, Asset Utilization Ratio was 0.65 in FY2024 (+10.4%), 0.59 in FY2023 (+0.4%), 0.59 in FY2022 (-3.4%) and 0.61 in FY2021 (+11.5%).
- Quarterly Asset Utilization Ratio has moved between 0.54 (Q3 2022) and 0.68 (Q4 2025) over five years.
- Compared with a year earlier, Asset Utilization Ratio was higher in six of the last eight quarters, with growth averaging 3.1%.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q4 2021 (growth of 14.7%); the worst was Q1 2023 (a decline of 11.1%).
- Per Business Quant data, MORN's Asset Utilization Ratio in the three quarters before Q3 2026 was 0.65 (Q2 2026), 0.66 (Q1 2026) and 0.68 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn | 0.31 |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn | 0.55 |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn | 0.61 |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn | 0.69 |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn | 0.55 |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - | 0.42 |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn | 0.59 |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn | 0.66 |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - | 0.63 |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - | 0.04 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.66 |
| Jun 30, 2026 | 0.65 |
| Mar 31, 2026 | 0.66 |
| Dec 31, 2025 | 0.68 |
| Sep 30, 2025 | 0.67 |
| Jun 30, 2025 | 0.65 |
| Mar 31, 2025 | 0.65 |
| Dec 31, 2024 | 0.64 |
| Sep 30, 2024 | 0.64 |
| Jun 30, 2024 | 0.64 |
| Mar 31, 2024 | 0.62 |
| Dec 31, 2023 | 0.60 |
| Sep 30, 2023 | 0.58 |
| Jun 30, 2023 | 0.56 |
| Mar 31, 2023 | 0.55 |
| Dec 31, 2022 | 0.54 |
| Sep 30, 2022 | 0.54 |
| Jun 30, 2022 | 0.57 |
| Mar 31, 2022 | 0.62 |
| Dec 31, 2021 | 0.61 |
API Access
Morningstar Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();