Morningstar (MORN) Invested Capital (2013 - 2026)
Morningstar (MORN) posted Invested Capital of $1.04 billion for Q2 2026, up 0.5% from the prior quarter.
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Analysis
Morningstar (MORN) Invested Capital (2013 - 2026) Analysis & Trends
For FY2025, Morningstar's Invested Capital came in at $2.29 billion, down 1.0% from FY2024.
- Annual Invested Capital has declined for three consecutive years, though with a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- In prior years, Morningstar's Invested Capital was $2.32 billion in FY2024 (-0.6%), $2.33 billion in FY2023 (-0.7%), $2.35 billion in FY2022 (+32.3%) and $1.78 billion in FY2021 (+3.2%).
- Quarterly Invested Capital has run from a low of $1.04 billion in Q1 2026 to a high of $2.35 billion in Q4 2022 over five years.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q4 2022, with growth of 32.3%; the weakest was Q4 2025, with a decline of 1.0%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 133.53 Bn | 129.14 Bn | 2.98 Bn | 46.79 Bn |
| 2 | Moodys | 84.66 Bn | 77.72 Bn | 1.50 Bn | 10.32 Bn |
| 3 | Msci | 44.49 Bn | 42.98 Bn | 739.80 Mn | 3.70 Bn |
| 4 | Verisk Analytics | 26.46 Bn | 21.10 Bn | 572.90 Mn | 3.28 Bn |
| 5 | Equifax | 21.92 Bn | 21.32 Bn | 940.10 Mn | 9.70 Bn |
| 6 | TransUnion | 16.01 Bn | 12.99 Bn | - | 10.58 Bn |
| 7 | Factset Research Systems | 11.83 Bn | 10.68 Bn | 308.40 Mn | 3.37 Bn |
| 8 | Morningstar | 8.38 Bn | 6.28 Bn | 423.90 Mn | 2.74 Bn |
| 9 | Mastercard | 550.99 Bn | 510.91 Bn | - | 30.25 Bn |
| 10 | Cme | 109.93 Bn | 98.03 Bn | - | 29.94 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.74 Bn |
| Mar 31, 2026 | 2.73 Bn |
| Dec 31, 2025 | 2.29 Bn |
| Sep 30, 2025 | 2.36 Bn |
| Jun 30, 2025 | 2.45 Bn |
| Mar 31, 2025 | 2.41 Bn |
| Dec 31, 2024 | 2.32 Bn |
| Sep 30, 2024 | 2.43 Bn |
| Jun 30, 2024 | 2.33 Bn |
| Mar 31, 2024 | 2.33 Bn |
| Dec 31, 2023 | 2.30 Bn |
| Sep 30, 2023 | 2.30 Bn |
| Jun 30, 2023 | 2.39 Bn |
| Mar 31, 2023 | 2.34 Bn |
| Dec 31, 2022 | 2.32 Bn |
| Sep 30, 2022 | 2.34 Bn |
| Jun 30, 2022 | 2.42 Bn |
| Mar 31, 2022 | 1.86 Bn |
| Dec 31, 2021 | 1.78 Bn |
| Sep 30, 2021 | 1.76 Bn |
API Access
Morningstar Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();