Morningstar (MORN) FCF Margin (2009 - 2026)

Morningstar (MORN) has 18 years of FCF Margin data on file, last reported at 8.31% in Q1 2026.

• On a quarterly basis, FCF Margin fell 179.0% year-over-year to 8.31% in Q1 2026; TTM through Mar 2026 was 17.44%, a 193.0% decrease from a year earlier, with the FY2025 full-year figure at 18.1%, down 163.0% from the prior year.
• FCF Margin for Q1 2026 stood at 8.31%, down from 25.16% in the prior quarter.
• Over the last five years, FCF Margin for MORN reached as high as 27.36% in Q3 2024 and fell as low as 1.27% in Q1 2023.
• Historically, FCF Margin has averaged 13.61% across 5 years, with a median of 14.19% in 2022.
• Across the five-year window, FCF Margin tumbled 1825 bps in 2022 and jumped 2227 bps in 2024, its largest moves.
• Year by year, FCF Margin stood at 14.19% in 2022, then surged by 41 bps to 20.01% in 2023, then decreased by 5 bps to 19.09% in 2024, then surged by 32 bps to 25.16% in 2025, then sank by 67 bps to 8.31% in 2026.
• Per Business Quant data, the three most recent FCF Margin figures were 8.31% in Q1 2026, 25.16% in Q4 2025, and 25.93% in Q3 2025.