Company / FCF Margin
Morningstar, Inc. FCF Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
18.1%
FY2025
5-year range
9.7% / 22.1%
FY2021-FY2025
Trend
-8.3%
vs FY2024
Sector context
#114 of 206
Financials
What the data says
At 18.1%, Morningstar, Inc.'s fcf margin ranks #114 of 206 in the Financials sector. FCF Margin has fluctuated over the past 10 years, ranging from 9.7% in FY2023 to 23.4% in FY2020.
Based on SEC 10-K filings.
18.1% in FY2025 with a 5-year CAGR of -5.3%.
Improved from 9.7% to 18.1% over the past 2 years.
Financials sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- -4.0pp
- 5-Year Change
- -5.3pp
- 10-Year Change
- -
Sector benchmark
#114 of 206 in FinancialsTop 55% of 206This company 18.1% Sector average 207.7%
▼
-91.3% below sector average
Key checks
Key Insights
- In FY2025, fcf margin decreased 8.3% year-over-year.
- Currently 189.6pp below the Financials sector average.
- Peak fcf margin was recorded in FY2020.
- Lowest fcf margin in the period was in FY2023.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 24.8%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 18.1% | -8.3% |
| FY2024 | 19.7% | +103.8% |
| FY2023 | 9.7% | -56.3% |
| FY2022 | 22.1% | +2.6% |
| FY2021 | 21.6% | -7.8% |
| FY2020 | 23.4% | +16.2% |
| FY2019 | 20.1% | -14.0% |
| FY2018 | 23.4% | +0.2% |
| FY2017 | 23.4% | +126.7% |
| FY2016 | 10.3% | -53.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026