Morningstar (MORN) Return on Capital Employed (2010 - 2026)
Morningstar's (MORN) quarterly Return on Capital Employed came in at 20.61% in Q1 2026, up 154.0% year-on-year from 8.12% in Q1 2025, and down 1.34% on a QoQ basis from 20.89% in Q4 2025.
Morningstar (MORN) Return on Capital Employed (2010 - 2026) Analysis & Trends
Morningstar (MORN) has 17 years of Return on Capital Employed data on file, last reported at 20.61% in Q1 2026.
- On a quarterly basis, Return on Capital Employed rose 154.0% year-over-year to 20.61% in Q1 2026; TTM through Mar 2026 was 20.61%, a 154.0% increase from a year earlier, with the FY2025 full-year figure at 20.93%, up 160.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 20.61%, down from 20.89% in the prior quarter.
- Over the last five years, Return on Capital Employed for MORN reached as high as 20.89% in Q4 2025 and fell as low as 4.69% in Q2 2023.
- Historically, Return on Capital Employed has averaged 13.13% across 5 years, with a median of 11.72% in 2024.
- Across the five-year window, Return on Capital Employed plunged 628 bps in 2023 and soared 960 bps in 2024, its largest moves.
- Year by year, Return on Capital Employed stood at 6.55% in 2022, then soared by 41 bps to 9.25% in 2023, then jumped by 102 bps to 18.72% in 2024, then climbed by 12 bps to 20.89% in 2025, then retreated by 1 bps to 20.61% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 20.61% in Q1 2026, 20.89% in Q4 2025, and 20.21% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 123.54 Bn | 121.73 Bn | 2.94 Bn | 13.36% |
| 2 | Cme | 93.95 Bn | 93.95 Bn | 1.65 Bn | 11.13% |
| 3 | Intercontinental Exchange | 86.02 Bn | 84.27 Bn | - | 16.61% |
| 4 | Moodys | 83.68 Bn | 82.18 Bn | 1.67 Bn | 32.18% |
| 5 | Nasdaq | 53.85 Bn | 53.14 Bn | 1.50 Bn | 11.33% |
| 6 | Coinbase Global | 43.36 Bn | 32.93 Bn | 1.33 Bn | 3.53% |
| 7 | Msci | 41.57 Bn | 41.22 Bn | 717.10 Mn | 46.76% |
| 8 | Cboe Global Markets | 30.85 Bn | 28.68 Bn | 728.90 Mn | 28.43% |
| 9 | TransUnion | 16.17 Bn | 15.44 Bn | 726.20 Mn | 8.05% |
| 10 | Morningstar | 7.43 Bn | 6.90 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% |