Morningstar (MORN) Price to FCF (2010 - 2026)
Morningstar's (MORN) Price to FCF stood at 11.76 in Q2 2026, down 65.4% from 33.97 a year earlier and down 20.0% from the prior quarter.
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Analysis
Morningstar (MORN) Price to FCF (2010 - 2026) Analysis & Trends
For FY2025, Morningstar's Price to FCF came in at 19.51, down 39.3% from FY2024.
- Across earlier years, Price to FCF came in at 32.16 in FY2024 (-48.1%), 61.99 in FY2023 (+13.4%), 54.67 in FY2022 (+29.0%) and 42.38 in FY2021 (+31.2%).
- The Q2 2026 figure is the lowest quarterly Price to FCF in data going back to Q2 2010.
- On a year-over-year basis, Price to FCF has declined for four consecutive quarters, with an average decline of 39.1% over the last eight quarters.
- Peak year-over-year performance for Price to FCF in the last five years was growth of 51.5% in Q2 2023, against a decline of 65.4% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 14.70 (Q1 2026), 19.51 (Q4 2025) and 24.44 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 113.90 Bn | 109.50 Bn | 2.98 Bn |
| 2 | Moodys | 76.48 Bn | 68.91 Bn | 1.67 Bn |
| 3 | Msci | 38.99 Bn | 37.33 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 21.33 Bn | 15.96 Bn | 572.90 Mn |
| 5 | Equifax | 16.47 Bn | 15.87 Bn | 926.40 Mn |
| 6 | TransUnion | 12.16 Bn | 9.14 Bn | - |
| 7 | Factset Research Systems | 9.52 Bn | 8.28 Bn | 310.73 Mn |
| 8 | Morningstar | 6.89 Bn | 4.79 Bn | 423.90 Mn |
| 9 | Mastercard | 480.84 Bn | 440.75 Bn | - |
| 10 | Cme | 94.54 Bn | 94.54 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.76 |
| Mar 31, 2026 | 14.70 |
| Dec 31, 2025 | 19.51 |
| Sep 30, 2025 | 24.44 |
| Jun 30, 2025 | 33.97 |
| Mar 31, 2025 | 28.44 |
| Dec 31, 2024 | 32.16 |
| Sep 30, 2024 | 30.83 |
| Jun 30, 2024 | 32.54 |
| Mar 31, 2024 | 50.14 |
| Dec 31, 2023 | 61.99 |
| Sep 30, 2023 | 63.75 |
| Jun 30, 2023 | 67.50 |
| Mar 31, 2023 | 51.82 |
| Dec 31, 2022 | 54.67 |
| Sep 30, 2022 | 43.65 |
| Jun 30, 2022 | 44.56 |
| Mar 31, 2022 | 38.67 |
| Dec 31, 2021 | 42.38 |
| Sep 30, 2021 | 33.33 |
API Access
Morningstar Price to FCF 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=price-to-fcf&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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=price-to-fcf&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();