Morningstar (MORN) Return on Capital Employed (2010 - 2026)
Morningstar (MORN) posted quarterly Return on Capital Employed of 20.23% for Q2 2026, up 77.0% year-over-year from 11.43% in Q2 2025, and down 1.87% quarter-over-quarter from 20.61% in Q1 2026.
Morningstar (MORN) Return on Capital Employed (2010 - 2026) Analysis & Trends
Morningstar (MORN) has reported Return on Capital Employed for 17 consecutive years, with 20.23% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed rose 77.0% year-over-year to 20.23%; the TTM figure through Jun 2026 stood at 20.23% (up 77.0% YoY), while the FY2025 annual figure was 20.93%, up 160.0% from the prior year.
- Return on Capital Employed eased to 20.23% in Q2 2026 per MORN's latest filing, from 20.61% 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.
- Historically, Return on Capital Employed has averaged 13.52% across 5 years, with a median of 13.0% in 2024.
- Annual changes were most pronounced in 2023 — Return on Capital Employed slumped 628 bps — and 2024, when it surged 960 bps.
- Morningstar's Return on Capital Employed 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 gained by 12 bps to 20.89% in 2025, then fell by 3 bps to 20.23% in 2026.
- Business Quant data shows MORN's Return on Capital Employed at 20.23% in Q2 2026, 20.61% in Q1 2026, and 20.89% in Q4 2025.
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| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 13.59% |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 11.13% |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | 9.74% |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 32.18% |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 11.33% |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 3.03% |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 46.76% |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | 24.89% |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 8.33% |
| 10 | Morningstar | 8.19 Bn | 7.66 Bn | 423.90 Mn | 20.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.23% |
| 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% |