Revenue (FY 2025)
↑7.5% YoY
$2.45B
3-Yr CAGR: 9.3%
Net Income
$183.00M
Net Margin: N/A
Free Cash Flow
↓-1.4% YoY
$442.60M
FCF Yield: 6.03%
EPS (Diluted)
↑3.4% YoY
$8.87
Basic: $8.93
Return on Equity
Efficiency
22.7%
ROA: 5.1%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (MORN)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Div / Sh | Div Yield | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $798.6M | — | $454.3M | $161.0M | — | $3.72 | — | $0.89 | 1.21% | $213.7M | $150.9M | — |
| FY 2017 | $911.7M | +14.2% | $525.1M | $136.9M | -15.0% | $3.18 | -14.5% | $0.94 | 0.97% | $250.1M | $183.5M | +21.6% |
| FY 2018 | $1,019.9M | +11.9% | $608.8M | $183.0M | +33.7% | $4.25 | +33.6% | $1.03 | 0.94% | $314.8M | $238.7M | +30.1% |
| FY 2019 | $1,179.0M | +15.6% | $695.9M | — | — | $3.52 | -17.2% | $1.14 | 0.75% | $334.4M | $254.4M | +6.6% |
| FY 2020 | $1,389.5M | +17.9% | $833.1M | — | — | $5.18 | +47.2% | $1.22 | 0.53% | $384.3M | $307.6M | +20.9% |
| FY 2021 | $1,699.3M | +22.3% | $1,000.9M | — | — | $4.45 | -14.1% | $1.31 | 0.38% | $449.9M | $348.1M | +13.2% |
| FY 2022 | $1,870.6M | +10.1% | $1,091.3M | — | — | $1.64 | -63.1% | $1.46 | 0.67% | $297.8M | $168.3M | -51.7% |
| FY 2023 | $2,038.6M | +9.0% | $1,195.1M | — | — | $3.29 | +100.6% | $1.53 | 0.53% | $316.4M | $197.3M | +17.2% |
| FY 2024 | $2,275.1M | +11.6% | $1,379.4M | — | — | $8.58 | +160.8% | $1.67 | 0.50% | $591.6M | $448.9M | +127.5% |
| FY 2025 | $2,445.5M | +7.5% | $1,492.6M | — | — | $8.87 | +3.4% | $1.87 | 0.86% | $589.7M | $442.6M | -1.4% |
Valuation
Market Price
$192.95
Market Cap
$7.34B
Enterprise Value
$7.94B
P/E Ratio
21.75
P/B Ratio
9.12
FCF Yield
6.03%
Dividend Yield
0.97%
Shares Outstanding
Profitability & Margins
Gross Margin
61.03%
Operating Margin
21.53%
Net Margin
N/A
Return on Equity (ROE)
22.74%
Return on Assets (ROA)
5.10%
Asset Turnover
0.68x
Revenue 3-Yr CAGR
9.34%
Financial Health & Liquidity
Current Ratio
0.99
Cash Ratio
0.45
Debt / Equity
1.333
Debt / Assets
0.299
Cash & Equivalents
$474.50M
Total Debt
$1.07B
Book Value / Share
$21.17
Cash Flow Efficiency
Operating Cash Flow
$589.70M
Capital Expenditures (CapEx)
$147.10M
Free Cash Flow
$442.60M
OCF / Revenue
24.11%
FCF / Revenue
18.10%
FCF 3-Yr CAGR
38.03%
Per Share Metrics
EPS (Diluted)
$8.87
EPS (Basic)
$8.93
Dividends / Share
$1.87
Book Value / Share
$21.17
EPS YoY Growth
3.38%
Balance Sheet (FY 2025)
Total Assets
$3.59B
Total Liabilities
$2.79B
Stockholders' Equity
$804.90M
Current Assets
$1.04B
Current Liabilities
$1.05B