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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |