Morningstar MORN
NASDAQ MORN
$198.09 -2.44 (-1.22%)
As of: Sep 9, 2026 · 3:59 PM EDT

Morningstar (MORN) EV to CFO (2009 - 2026)

Morningstar's (MORN) quarterly EV to CFO came in at 34.23 in Q2 2026, down 73.32% year-over-year from 128.27 in Q2 2025, and down 46.89% quarter-over-quarter from 64.44 in Q1 2026.

Analysis

Morningstar (MORN) EV to CFO (2009 - 2026) Analysis & Trends

Morningstar (MORN) has reported EV to CFO for 18 consecutive years, with 34.23 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to CFO fell 73.32% year-over-year to 34.23 in Q2 2026; TTM through Jun 2026 was 8.24, a 65.28% decrease from a year earlier, with the FY2025 full-year figure at 13.75, down 41.43% from the prior year.
  • EV to CFO was 34.23 for Q2 2026 at Morningstar, down from 64.44 in the prior quarter.
  • Over five years, EV to CFO peaked at 473.95 in Q1 2022 and troughed at 34.23 in Q2 2026.
  • A 5-year average of 135.97 and a median of 85.41 in 2022 frame the typical range for EV to CFO.
  • Across the five-year window, EV to CFO surged 229.63% in 2022 and tumbled 75.42% in 2024, its largest moves.
  • Over 5 years, EV to CFO stood at 84.89 in 2022, then gained by 1.23% to 85.93 in 2023, then increased by 5.34% to 90.52 in 2024, then slumped by 56.1% to 39.74 in 2025, then fell by 13.88% to 34.23 in 2026.
  • The last three EV to CFO figures came in at 34.23 (Q2 2026), 64.44 (Q1 2026), and 39.74 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 S&P Global 130.73 Bn 131.62 Bn 2.98 Bn
2 Moodys 85.51 Bn 84.15 Bn 1.67 Bn
3 Msci 41.67 Bn 41.32 Bn 717.10 Mn
4 Verisk Analytics 24.18 Bn 23.63 Bn 572.90 Mn
5 Factset Research Systems 10.80 Bn 10.50 Bn 310.73 Mn
6 Morningstar 7.86 Bn 7.33 Bn 423.90 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 34.23
Mar 31, 2026 64.44
Dec 31, 2025 39.74
Sep 30, 2025 46.58
Jun 30, 2025 128.27
Mar 31, 2025 133.91
Dec 31, 2024 90.52
Sep 30, 2024 68.18
Jun 30, 2024 80.12
Mar 31, 2024 136.46
Dec 31, 2023 85.93
Sep 30, 2023 73.74
Jun 30, 2023 325.91
Mar 31, 2023 352.72
Dec 31, 2022 84.89
Sep 30, 2022 84.34
Jun 30, 2022 143.51
Mar 31, 2022 473.95
Dec 31, 2021 104.53
Sep 30, 2021 87.09