Morningstar (MORN) Enterprise Value (2009 - 2026)
Morningstar (MORN) reported Enterprise Value of -$532.2 million for Q1 2026, up 4.83% year-over-year from -$507.7 million in Q1 2025, and down 0.66% quarter-over-quarter 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.
- Enterprise Value for Q1 2026 came in at -$532.2 million, up 4.83% year-over-year; the trailing twelve-month figure through Mar 2026 was -$532.2 million (up 4.83% YoY), and the FY2025 annual result was -$528.7 million, up 4.05% from the prior year.
- Enterprise Value retreated to -$532.2 million in Q1 2026 per MORN's latest filing, from -$528.7 million in the prior quarter.
- Over five years, Enterprise Value peaked at -$363.7 million in Q3 2023 and troughed at -$601.7 million in Q3 2024.
- A 5-year average of -$469.2 million and a median of -$439.2 million in 2024 frame the typical range for Enterprise Value.
- The sharpest annual moves came in 2023 and 2024: Enterprise Value climbed 29.27% in 2023, then plunged 65.44% in 2024.
- A 5-year view of Enterprise Value shows it stood at -$414.6 million in 2022, then gained by 6.17% to -$389.0 million in 2023, then slumped by 41.65% to -$551.0 million in 2024, then increased by 4.05% to -$528.7 million in 2025, then decreased by 0.66% to -$532.2 million in 2026.
- Business Quant data shows MORN's Enterprise Value at -$532.2 million in Q1 2026, -$528.7 million in Q4 2025, and -$514.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 3.11 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | -2.52 Bn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | -1.36 Bn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | -1.46 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | -678.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -527.79 Mn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | -385.30 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | -2.17 Bn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | -571.40 Mn |
| 10 | Morningstar | 6.04 Bn | 5.51 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 |