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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Morningstar (MORN) FCF Margin (2016 - 2025)

Morningstar (MORN) has disclosed FCF Margin for 17 consecutive years, with 25.16% as the latest value for Q4 2025.

  • On a quarterly basis, FCF Margin rose 607.0% to 25.16% in Q4 2025 year-over-year; TTM through Dec 2025 was 18.1%, a 163.0% decrease, with the full-year FY2025 number at 18.1%, down 163.0% from a year prior.
  • FCF Margin was 25.16% for Q4 2025 at Morningstar, down from 25.93% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 27.36% in Q3 2024 to a low of 1.27% in Q1 2023.
  • A 5-year average of 15.2% and a median of 16.85% in 2024 define the central range for FCF Margin.
  • Peak YoY movement for FCF Margin: tumbled -1825bps in 2022, then soared 2227bps in 2024.
  • Morningstar's FCF Margin stood at 22.87% in 2021, then tumbled by -38bps to 14.19% in 2022, then soared by 41bps to 20.01% in 2023, then fell by -5bps to 19.09% in 2024, then soared by 32bps to 25.16% in 2025.
  • Per Business Quant, the three most recent readings for MORN's FCF Margin are 25.16% (Q4 2025), 25.93% (Q3 2025), and 10.31% (Q2 2025).