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
DateValue
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%