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
DateValue
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