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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) Invested Capital (2016 - 2025)

Morningstar (MORN) has disclosed Invested Capital for 17 consecutive years, with $2.4 billion as the latest value for Q3 2025.

  • On a quarterly basis, Invested Capital rose 173.26% to $2.4 billion in Q3 2025 year-over-year; TTM through Dec 2025 was $1.9 billion, a 18.52% decrease, with the full-year FY2024 number at $2.3 billion, up 2.16% from a year prior.
  • Invested Capital was $2.4 billion for Q3 2025 at Morningstar, down from $2.5 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $2.5 billion in Q2 2025 to a low of $864.7 million in Q3 2024.
  • A 5-year average of $2.0 billion and a median of $2.3 billion in 2024 define the central range for Invested Capital.
  • Peak YoY movement for Invested Capital: plummeted 55.59% in 2023, then skyrocketed 173.26% in 2025.
  • Morningstar's Invested Capital stood at $1.8 billion in 2021, then rose by 28.69% to $2.3 billion in 2022, then fell by 0.72% to $2.3 billion in 2023, then rose by 2.16% to $2.3 billion in 2024, then rose by 1.97% to $2.4 billion in 2025.
  • Per Business Quant, the three most recent readings for MORN's Invested Capital are $2.4 billion (Q3 2025), $2.5 billion (Q2 2025), and $2.4 billion (Q1 2025).