Morningstar (MORN) Return on Invested Capital [ROIC] (2014 - 2026)
Morningstar's Return on Invested Capital [ROIC] was 43.57% in Q2 2026, up 17.70 percentage points from the prior quarter.
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Analysis
Morningstar (MORN) Return on Invested Capital [ROIC] (2014 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Morningstar came in at 17.28%, up 0.84 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now increased for three consecutive years, with a five-year change of +7.07 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 16.44% in FY2024 (+8.38 pp), 8.06% in FY2023 (+3.44 pp), 4.62% in FY2022 (-6.41 pp) and 11.03% in FY2021 (+0.83 pp).
- The Q2 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] in data going back to Q4 2014.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 113.90 Bn | 109.50 Bn | 2.98 Bn | 12.14% |
| 2 | Moodys | 76.48 Bn | 68.91 Bn | 1.67 Bn | 28.14% |
| 3 | Msci | 38.99 Bn | 37.33 Bn | 717.10 Mn | 43.25% |
| 4 | Verisk Analytics | 21.33 Bn | 15.96 Bn | 572.90 Mn | 31.88% |
| 5 | Equifax | 16.47 Bn | 15.87 Bn | 926.40 Mn | 8.63% |
| 6 | TransUnion | 12.16 Bn | 9.14 Bn | - | 7.06% |
| 7 | Factset Research Systems | 9.52 Bn | 8.28 Bn | 310.73 Mn | 16.98% |
| 8 | Morningstar | 6.89 Bn | 4.79 Bn | 423.90 Mn | 43.57% |
| 9 | Mastercard | 480.84 Bn | 440.75 Bn | - | 58.97% |
| 10 | Cme | 94.54 Bn | 94.54 Bn | - | 11.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.57% |
| Mar 31, 2026 | 25.87% |
| Dec 31, 2024 | 19.69% |
| Sep 30, 2024 | 21.89% |
| Jun 30, 2024 | 20.02% |
| Mar 31, 2024 | 13.19% |
| Dec 31, 2023 | 10.46% |
| Sep 30, 2023 | 8.48% |
| Jun 30, 2023 | 4.47% |
| Mar 31, 2023 | 2.40% |
| Dec 31, 2022 | 5.35% |
| Sep 30, 2022 | 12.04% |
| Dec 31, 2020 | 11.68% |
| Sep 30, 2020 | 12.94% |
| Jun 30, 2020 | 13.94% |
| Mar 31, 2020 | 10.73% |
| Dec 31, 2019 | 9.14% |
| Sep 30, 2019 | 12.25% |
| Jun 30, 2019 | 16.99% |
| Mar 31, 2019 | 17.26% |
API Access
Morningstar Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();