Morningstar (MORN) Free Cash Flow (2009 - 2026)
Morningstar (MORN) reported Free Cash Flow of $53.6 million for Q1 2026, down 8.84% year-over-year from $58.8 million in Q1 2025, and down 66.77% quarter-over-quarter from $161.3 million in Q4 2025.
Morningstar (MORN) Free Cash Flow (2009 - 2026) Analysis & Trends
Morningstar (MORN) has 18 years of Free Cash Flow data on file, last reported at $53.6 million in Q1 2026.
- Free Cash Flow for Q1 2026 came in at $53.6 million, down 8.84% year-over-year; the trailing twelve-month figure through Mar 2026 was $437.4 million (down 2.41% YoY), and the FY2025 annual result was $442.6 million, down 1.4% from the prior year.
- Free Cash Flow slipped to $53.6 million in Q1 2026 per MORN's latest filing, from $161.3 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $161.3 million in Q4 2025 and troughed at -$6.1 million in Q1 2023.
- A 5-year average of $77.1 million and a median of $67.4 million in 2022 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow slumped 115.68% in 2023, then soared 2182.76% in 2024.
- A 5-year view of Free Cash Flow shows it stood at $67.4 million in 2022, then jumped by 59.94% to $107.8 million in 2023, then advanced by 4.64% to $112.8 million in 2024, then surged by 43.0% to $161.3 million in 2025, then slumped by 66.77% to $53.6 million in 2026.
- Business Quant data shows MORN's Free Cash Flow at $53.6 million in Q1 2026, $161.3 million in Q4 2025, and $160.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 1.01 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 1.24 Bn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 844.00 Mn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 1.26 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 629.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 182.74 Mn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 280.80 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 1.94 Bn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 19.00 Mn |
| 10 | Morningstar | 6.04 Bn | 5.51 Bn | 405.90 Mn | 53.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 53.60 Mn |
| Mar 31, 2026 | 53.60 Mn |
| Dec 31, 2025 | 161.30 Mn |
| Dec 31, 2025 | 161.30 Mn |
| Sep 30, 2025 | 160.10 Mn |
| Sep 30, 2025 | 160.10 Mn |
| Jun 30, 2025 | 62.40 Mn |
| Jun 30, 2025 | 62.40 Mn |
| Mar 31, 2025 | 58.80 Mn |
| Mar 31, 2025 | 58.80 Mn |
| Dec 31, 2024 | 112.80 Mn |
| Dec 31, 2024 | 112.80 Mn |
| Sep 30, 2024 | 155.80 Mn |
| Sep 30, 2024 | 155.80 Mn |
| Jun 30, 2024 | 120.80 Mn |
| Jun 30, 2024 | 120.80 Mn |
| Mar 31, 2024 | 59.50 Mn |
| Mar 31, 2024 | 59.50 Mn |
| Dec 31, 2023 | 107.80 Mn |
| Dec 31, 2023 | 107.80 Mn |