Morningstar (MORN) Enterprise Value (2009 - 2026)

Morningstar's (MORN) quarterly Enterprise Value came in at -$532.2 million in Q1 2026, up 4.83% year-on-year from -$507.7 million in Q1 2025, and down 0.66% on a QoQ basis from -$528.7 million in Q4 2025.

Morningstar (MORN) Enterprise Value (2009 - 2026) Analysis & Trends

Morningstar (MORN) has 18 years of Enterprise Value data on file, last reported at -$532.2 million in Q1 2026.

  • On a quarterly basis, Enterprise Value rose 4.83% year-over-year to -$532.2 million in Q1 2026; TTM through Mar 2026 was -$532.2 million, a 4.83% increase from a year earlier, with the FY2025 full-year figure at -$528.7 million, up 4.05% from the prior year.
  • Enterprise Value for Q1 2026 stood at -$532.2 million, down from -$528.7 million in the prior quarter.
  • Over the last five years, Enterprise Value for MORN reached as high as -$363.7 million in Q3 2023 and fell as low as -$601.7 million in Q3 2024.
  • Historically, Enterprise Value has averaged -$469.2 million across 5 years, with a median of -$439.2 million in 2024.
  • Across the five-year window, Enterprise Value gained 29.27% in 2023 and slumped 65.44% in 2024, its largest moves.
  • Year by year, Enterprise Value stood at -$414.6 million in 2022, then grew by 6.17% to -$389.0 million in 2023, then tumbled by 41.65% to -$551.0 million in 2024, then advanced by 4.05% to -$528.7 million in 2025, then declined by 0.66% to -$532.2 million in 2026.
  • Per Business Quant data, the three most recent Enterprise Value figures were -$532.2 million in Q1 2026, -$528.7 million in Q4 2025, and -$514.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 S&P Global 123.54 Bn 121.73 Bn 2.94 Bn -1.70 Bn
2 Cme 93.95 Bn 93.95 Bn 1.65 Bn -2.28 Bn
3 Intercontinental Exchange 86.02 Bn 84.27 Bn - -1.72 Bn
4 Moodys 83.68 Bn 82.18 Bn 1.67 Bn -1.36 Bn
5 Nasdaq 53.85 Bn 53.14 Bn 1.50 Bn -713.00 Mn
6 Coinbase Global 43.36 Bn 32.93 Bn 1.33 Bn -10.44 Bn
7 Msci 41.57 Bn 41.22 Bn 717.10 Mn -356.40 Mn
8 Cboe Global Markets 30.85 Bn 28.68 Bn 728.90 Mn -2.17 Bn
9 TransUnion 16.17 Bn 15.44 Bn 726.20 Mn -571.40 Mn
10 Morningstar 7.43 Bn 6.90 Bn 405.90 Mn -532.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -532.20 Mn
Dec 31, 2025 -528.70 Mn
Sep 30, 2025 -514.50 Mn
Jun 30, 2025 -541.60 Mn
Mar 31, 2025 -559.20 Mn
Dec 31, 2024 -551.00 Mn
Sep 30, 2024 -601.70 Mn
Jun 30, 2024 -439.20 Mn
Mar 31, 2024 -409.10 Mn
Dec 31, 2023 -389.00 Mn
Sep 30, 2023 -363.70 Mn
Jun 30, 2023 -378.20 Mn
Mar 31, 2023 -385.40 Mn
Dec 31, 2022 -414.60 Mn
Sep 30, 2022 -407.10 Mn
Jun 30, 2022 -416.80 Mn
Mar 31, 2022 -544.90 Mn
Dec 31, 2021 -546.10 Mn
Sep 30, 2021 -487.30 Mn
Jun 30, 2021 -449.00 Mn