Morningstar (MORN) Return on Capital Employed (2010 - 2026)
Morningstar (MORN) reported Return on Capital Employed of 20.61% for Q1 2026, up 154.0% year-over-year from 8.12% in Q1 2025, and down 1.34% on a QoQ basis from 20.89% in Q4 2025.
Morningstar (MORN) has 17 years of Return on Capital Employed data on file, last reported at 20.61% in Q1 2026.
- Quarterly Return on Capital Employed rose 154.0% year-over-year to 20.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.61% (up 154.0% YoY) and the FY2025 annual result came in at 20.93%, up 160.0% from the prior year.
- Return on Capital Employed fell to 20.61% in Q1 2026 per MORN's latest filing, from 20.89% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 20.89% in Q4 2025 and bottomed at 4.69% in Q2 2023.
- The 5-year median for Return on Capital Employed is 11.72% (2024), against an average of 13.13%.
- The widest annual swing landed in 2023, when Return on Capital Employed plunged 628 bps; it then soared 960 bps in 2024.
- Tracing MORN's Return on Capital Employed over 5 years: stood at 6.55% in 2022, then jumped by 41 bps to 9.25% in 2023, then surged by 102 bps to 18.72% in 2024, then grew by 12 bps to 20.89% in 2025, then decreased by 1 bps to 20.61% in 2026.
- Per Business Quant, the three latest MORN Return on Capital Employed figures stand at 20.61% (Q1 2026), 20.89% (Q4 2025), and 20.21% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 13.36% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 12.95% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 16.61% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 29.45% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 9.84% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 3.53% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 44.72% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 28.43% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 8.05% |
| 10 | Morningstar | 7.12 Bn | 6.58 Bn | 405.90 Mn | 20.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.61% |
| Dec 31, 2025 | 20.89% |
| Sep 30, 2025 | 20.21% |
| Jun 30, 2025 | 19.46% |
| Mar 31, 2025 | 19.07% |
| Dec 31, 2024 | 18.72% |
| Sep 30, 2024 | 15.87% |
| Jun 30, 2024 | 14.28% |
| Mar 31, 2024 | 11.72% |
| Dec 31, 2023 | 9.25% |
| Sep 30, 2023 | 6.63% |
| Jun 30, 2023 | 4.69% |
| Mar 31, 2023 | 5.19% |
| Dec 31, 2022 | 6.55% |
| Sep 30, 2022 | 7.86% |
| Jun 30, 2022 | 10.69% |
| Mar 31, 2022 | 11.47% |
| Dec 31, 2021 | 12.72% |
| Sep 30, 2021 | 12.15% |
| Jun 30, 2021 | 11.14% |
| Mar 31, 2021 | 11.46% |
| Dec 31, 2020 | 10.74% |
| Sep 30, 2020 | 10.00% |
| Jun 30, 2020 | 10.65% |
| Mar 31, 2020 | 9.85% |
| Dec 31, 2019 | 10.36% |
| Sep 30, 2019 | 13.32% |
| Jun 30, 2019 | 18.21% |
| Mar 31, 2019 | 19.28% |
| Dec 31, 2018 | 19.91% |
| Sep 30, 2018 | 18.80% |
| Jun 30, 2018 | 17.85% |
| Mar 31, 2018 | 17.27% |
| Dec 31, 2017 | 15.85% |
| Sep 30, 2017 | 16.32% |
| Jun 30, 2017 | 15.84% |
| Mar 31, 2017 | 15.84% |
| Dec 31, 2016 | 19.86% |
| Sep 30, 2016 | 24.41% |
| Jun 30, 2016 | 25.64% |
| Mar 31, 2016 | 26.63% |
| Dec 31, 2015 | 26.39% |
| Sep 30, 2015 | 24.52% |
| Jun 30, 2015 | 25.43% |
| Mar 31, 2015 | 15.40% |
| Dec 31, 2014 | 14.64% |
| Sep 30, 2014 | 13.55% |
| Jun 30, 2014 | 14.17% |
| Mar 31, 2014 | 21.86% |
| Dec 31, 2013 | 21.80% |
| Sep 30, 2013 | 20.97% |
| Jun 30, 2013 | 20.69% |
| Mar 31, 2013 | 20.09% |
| Dec 31, 2012 | 18.97% |
| Sep 30, 2012 | 17.67% |
| Jun 30, 2012 | 15.97% |
| Mar 31, 2012 | 15.02% |
| Dec 31, 2011 | 15.68% |
| Sep 30, 2011 | 15.27% |
| Jun 30, 2011 | 15.01% |
| Mar 31, 2011 | 14.15% |
| Dec 31, 2010 | 15.07% |
| Sep 30, 2010 | 14.55% |