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% quarter-over-quarter from 25.16% in Q4 2025.
Morningstar (MORN) FCF Margin (2009 - 2026) Analysis & Trends
Morningstar (MORN) has 18 years of FCF Margin data on file, last reported at 8.31% in Q1 2026.
- FCF Margin for Q1 2026 came in at 8.31%, down 179.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.44% (down 193.0% YoY), and the FY2025 annual result was 18.1%, down 163.0% from the prior year.
- FCF Margin eased to 8.31% in Q1 2026 per MORN's latest filing, from 25.16% in the prior quarter.
- Over five years, FCF Margin peaked at 27.36% in Q3 2024 and troughed at 1.27% in Q1 2023.
- A 5-year average of 13.61% and a median of 14.19% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2024: FCF Margin sank 1825 bps in 2022, then soared 2227 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 14.19% in 2022, then surged by 41 bps to 20.01% in 2023, then declined by 5 bps to 19.09% in 2024, then surged by 32 bps to 25.16% in 2025, then plunged by 67 bps to 8.31% in 2026.
- Business Quant data shows MORN's FCF Margin at 8.31% in Q1 2026, 25.16% in Q4 2025, and 25.93% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 24.21% |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 65.85% |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 40.60% |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 42.39% |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 29.43% |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 12.93% |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 33.00% |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 152.48% |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 1.53% |
| 10 | Morningstar | 6.04 Bn | 5.51 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% |