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| Date | Value |
|---|---|
| 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 |