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% on a QoQ basis from $161.3 million in Q4 2025.
Morningstar (MORN) has 18 years of Free Cash Flow data on file, last reported at $53.6 million in Q1 2026.
- Quarterly Free Cash Flow fell 8.84% year-over-year to $53.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $437.4 million (down 2.41% YoY) and the FY2025 annual result came in at $442.6 million, down 1.4% from the prior year.
- Free Cash Flow eased to $53.6 million in Q1 2026 per MORN's latest filing, from $161.3 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $161.3 million in Q4 2025 and bottomed at -$6.1 million in Q1 2023.
- The 5-year median for Free Cash Flow is $67.4 million (2022), against an average of $77.1 million.
- The widest annual swing landed in 2023, when Free Cash Flow plunged 115.68%; it then jumped 2182.76% in 2024.
- Tracing MORN's Free Cash Flow over 5 years: stood at $67.4 million in 2022, then surged by 59.94% to $107.8 million in 2023, then rose by 4.64% to $112.8 million in 2024, then soared by 43.0% to $161.3 million in 2025, then plunged by 66.77% to $53.6 million in 2026.
- Per Business Quant, the three latest MORN Free Cash Flow figures stand at $53.6 million (Q1 2026), $161.3 million (Q4 2025), and $160.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 1.01 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 1.24 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 1.26 Bn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 844.00 Mn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 629.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 182.74 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 280.80 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 1.94 Bn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 19.00 Mn |
| 10 | Morningstar | 7.12 Bn | 6.58 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 |
| Sep 30, 2023 | 101.40 Mn |
| Sep 30, 2023 | 101.40 Mn |
| Jun 30, 2023 | -5.80 Mn |
| Jun 30, 2023 | -5.80 Mn |
| Mar 31, 2023 | -6.10 Mn |
| Mar 31, 2023 | -6.10 Mn |
| Dec 31, 2022 | 67.40 Mn |
| Dec 31, 2022 | 67.40 Mn |
| Sep 30, 2022 | 68.40 Mn |
| Sep 30, 2022 | 68.40 Mn |
| Jun 30, 2022 | 37.00 Mn |
| Jun 30, 2022 | 37.00 Mn |
| Mar 31, 2022 | -4.50 Mn |
| Mar 31, 2022 | -4.50 Mn |
| Dec 31, 2021 | 105.70 Mn |
| Dec 31, 2021 | 105.70 Mn |
| Sep 30, 2021 | 92.40 Mn |
| Sep 30, 2021 | 92.40 Mn |
| Jun 30, 2021 | 108.50 Mn |
| Jun 30, 2021 | 108.50 Mn |
| Mar 31, 2021 | 41.50 Mn |
| Mar 31, 2021 | 41.50 Mn |
| Dec 31, 2020 | 92.60 Mn |
| Dec 31, 2020 | 92.60 Mn |
| Sep 30, 2020 | 70.80 Mn |
| Sep 30, 2020 | 70.80 Mn |
| Jun 30, 2020 | 110.60 Mn |
| Jun 30, 2020 | 110.60 Mn |
| Mar 31, 2020 | 33.60 Mn |
| Mar 31, 2020 | 33.60 Mn |
| Dec 31, 2019 | 59.60 Mn |
| Dec 31, 2019 | 59.60 Mn |
| Sep 30, 2019 | 85.60 Mn |
| Sep 30, 2019 | 85.60 Mn |
| Jun 30, 2019 | 68.90 Mn |
| Jun 30, 2019 | 68.90 Mn |
| Mar 31, 2019 | 40.30 Mn |
| Mar 31, 2019 | 40.30 Mn |
| Dec 31, 2018 | 84.40 Mn |
| Dec 31, 2018 | 84.40 Mn |
| Sep 30, 2018 | 60.20 Mn |
| Sep 30, 2018 | 60.20 Mn |
| Jun 30, 2018 | 51.80 Mn |
| Jun 30, 2018 | 51.80 Mn |
| Mar 31, 2018 | 42.30 Mn |
| Mar 31, 2018 | 42.30 Mn |
| Dec 31, 2017 | 65.20 Mn |
| Dec 31, 2017 | 65.20 Mn |
| Sep 30, 2017 | 49.40 Mn |
| Sep 30, 2017 | 49.40 Mn |
| Jun 30, 2017 | 36.70 Mn |
| Jun 30, 2017 | 36.70 Mn |
| Mar 31, 2017 | 32.20 Mn |
| Mar 31, 2017 | 32.20 Mn |
| Dec 31, 2016 | 55.20 Mn |
| Dec 31, 2016 | 55.20 Mn |
| Sep 30, 2016 | 42.30 Mn |
| Sep 30, 2016 | 42.30 Mn |
| Jun 30, 2016 | 55.50 Mn |
| Jun 30, 2016 | 55.50 Mn |
| Mar 31, 2016 | -2.10 Mn |
| Mar 31, 2016 | -2.10 Mn |
| Dec 31, 2015 | 35.50 Mn |
| Dec 31, 2015 | 35.50 Mn |
| Sep 30, 2015 | 63.30 Mn |
| Sep 30, 2015 | 63.30 Mn |
| Jun 30, 2015 | 64.80 Mn |
| Jun 30, 2015 | 64.80 Mn |
| Mar 31, 2015 | 20.60 Mn |
| Mar 31, 2015 | 20.60 Mn |
| Dec 31, 2014 | 45.80 Mn |
| Dec 31, 2014 | 45.80 Mn |
| Sep 30, 2014 | -3.40 Mn |
| Sep 30, 2014 | -3.40 Mn |
| Jun 30, 2014 | 44.80 Mn |
| Jun 30, 2014 | 44.80 Mn |
| Mar 31, 2014 | -8.90 Mn |
| Mar 31, 2014 | -8.90 Mn |
| Dec 31, 2013 | 48.84 Mn |
| Dec 31, 2013 | 48.84 Mn |
| Sep 30, 2013 | 38.01 Mn |
| Sep 30, 2013 | 38.01 Mn |
| Jun 30, 2013 | 56.94 Mn |
| Jun 30, 2013 | 56.94 Mn |
| Mar 31, 2013 | 17.56 Mn |
| Mar 31, 2013 | 17.56 Mn |
| Dec 31, 2012 | 46.52 Mn |
| Dec 31, 2012 | 46.52 Mn |
| Sep 30, 2012 | 32.57 Mn |
| Sep 30, 2012 | 32.57 Mn |
| Jun 30, 2012 | 47.06 Mn |
| Jun 30, 2012 | 47.06 Mn |
| Mar 31, 2012 | -3.37 Mn |
| Mar 31, 2012 | -3.37 Mn |
| Dec 31, 2011 | 50.03 Mn |
| Dec 31, 2011 | 50.03 Mn |
| Sep 30, 2011 | 38.89 Mn |
| Sep 30, 2011 | 38.89 Mn |
| Jun 30, 2011 | 43.43 Mn |
| Jun 30, 2011 | 43.43 Mn |
| Mar 31, 2011 | 9.31 Mn |
| Mar 31, 2011 | 9.31 Mn |
| Dec 31, 2010 | 36.04 Mn |
| Dec 31, 2010 | 36.04 Mn |
| Sep 30, 2010 | 31.42 Mn |
| Sep 30, 2010 | 31.42 Mn |
| Jun 30, 2010 | 28.39 Mn |
| Jun 30, 2010 | 28.39 Mn |
| Mar 31, 2010 | 12.80 Mn |
| Mar 31, 2010 | 12.80 Mn |
| Dec 31, 2009 | 31.84 Mn |
| Dec 31, 2009 | 31.84 Mn |
| Sep 30, 2009 | 32.55 Mn |
| Sep 30, 2009 | 32.55 Mn |