Morningstar (MORN) FCF Margin (2009 - 2026)
Morningstar (MORN) reported FCF Margin of 8.31% for Q1 2026, down 179.0% year-over-year from 10.52% in Q1 2025, and down 66.96% on a QoQ basis from 25.16% in Q4 2025.
Morningstar (MORN) has 18 years of FCF Margin data on file, last reported at 8.31% in Q1 2026.
- Quarterly FCF Margin fell 179.0% year-over-year to 8.31% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 17.44% (down 193.0% YoY) and the FY2025 annual result came in at 18.1%, down 163.0% from the prior year.
- FCF Margin declined to 8.31% in Q1 2026 per MORN's latest filing, from 25.16% in the prior quarter.
- Across five years, FCF Margin topped out at 27.36% in Q3 2024 and bottomed at 1.27% in Q1 2023.
- The 5-year median for FCF Margin is 14.19% (2022), against an average of 13.61%.
- The widest annual swing landed in 2022, when FCF Margin tumbled 1825 bps; it then jumped 2227 bps in 2024.
- Tracing MORN's FCF Margin over 5 years: stood at 14.19% in 2022, then soared by 41 bps to 20.01% in 2023, then slipped by 5 bps to 19.09% in 2024, then soared by 32 bps to 25.16% in 2025, then slumped by 67 bps to 8.31% in 2026.
- Per Business Quant, the three latest MORN FCF Margin figures stand at 8.31% (Q1 2026), 25.16% (Q4 2025), and 25.93% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 24.21% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 65.85% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 42.39% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 40.60% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 29.43% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 12.93% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 33.00% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 152.48% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 1.53% |
| 10 | Morningstar | 7.12 Bn | 6.58 Bn | 405.90 Mn | 8.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.31% |
| Dec 31, 2025 | 25.16% |
| Sep 30, 2025 | 25.93% |
| Jun 30, 2025 | 10.31% |
| Mar 31, 2025 | 10.10% |
| Dec 31, 2024 | 19.09% |
| Sep 30, 2024 | 27.36% |
| Jun 30, 2024 | 21.12% |
| Mar 31, 2024 | 10.96% |
| Dec 31, 2023 | 20.01% |
| Sep 30, 2023 | 19.67% |
| Jun 30, 2023 | -1.15% |
| Mar 31, 2023 | -1.27% |
| Dec 31, 2022 | 14.19% |
| Sep 30, 2022 | 14.61% |
| Jun 30, 2022 | 7.87% |
| Mar 31, 2022 | -0.98% |
| Dec 31, 2021 | 22.87% |
| Sep 30, 2021 | 21.54% |
| Jun 30, 2021 | 26.12% |
| Mar 31, 2021 | 10.57% |
| Dec 31, 2020 | 24.34% |
| Sep 30, 2020 | 19.82% |
| Jun 30, 2020 | 33.73% |
| Mar 31, 2020 | 10.37% |
| Dec 31, 2019 | 17.93% |
| Sep 30, 2019 | 27.28% |
| Jun 30, 2019 | 25.16% |
| Mar 31, 2019 | 15.57% |
| Dec 31, 2018 | 32.13% |
| Sep 30, 2018 | 23.04% |
| Jun 30, 2018 | 20.52% |
| Mar 31, 2018 | 17.37% |
| Dec 31, 2017 | 26.82% |
| Sep 30, 2017 | 21.49% |
| Jun 30, 2017 | 16.01% |
| Mar 31, 2017 | 15.37% |
| Dec 31, 2016 | 26.01% |
| Sep 30, 2016 | 21.57% |
| Jun 30, 2016 | 28.00% |
| Mar 31, 2016 | -1.09% |
| Dec 31, 2015 | 17.61% |
| Sep 30, 2015 | 32.41% |
| Jun 30, 2015 | 32.06% |
| Mar 31, 2015 | 10.85% |
| Dec 31, 2014 | 23.32% |
| Sep 30, 2014 | -1.76% |
| Jun 30, 2014 | 23.65% |
| Mar 31, 2014 | -4.91% |
| Dec 31, 2013 | 27.06% |
| Sep 30, 2013 | 21.91% |
| Jun 30, 2013 | 32.46% |
| Mar 31, 2013 | 10.40% |
| Dec 31, 2012 | 27.27% |
| Sep 30, 2012 | 20.24% |
| Jun 30, 2012 | 28.35% |
| Mar 31, 2012 | -2.10% |
| Dec 31, 2011 | 31.55% |
| Sep 30, 2011 | 24.30% |
| Jun 30, 2011 | 26.97% |
| Mar 31, 2011 | 6.13% |
| Dec 31, 2010 | 23.84% |
| Sep 30, 2010 | 22.47% |
| Jun 30, 2010 | 20.86% |
| Mar 31, 2010 | 9.98% |
| Dec 31, 2009 | 25.96% |
| Sep 30, 2009 | 27.10% |