Morningstar Inc (MORN) — Capital Reinvestment Ratio
Morningstar Inc (MORN) has a Capital Reinvestment Ratio of 0.41x as of March 2026, meaning it reinvests 0% of its operating cash flow ($91.50 Million) in capital expenditures ($37.90 Million). Check Morningstar Inc (MORN) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Morningstar Inc Capital Reinvestment Ratio (2002–2025)
This chart tracks Morningstar Inc's Capital Reinvestment Ratio across 24 annual periods. For the full cash flow conversion analysis, see Morningstar Inc (MORN) cash conversion ratio.
Annual Capital Reinvestment Ratio for Morningstar Inc (2002–2025)
Year-by-year Capital Reinvestment Ratio for Morningstar Inc from 2002 to 2025. See MORN free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.25x | $589.70 Million | $147.10 Million | ▲ +3.4% |
| 2024 | 0.24x | $591.60 Million | $142.70 Million | ▼ -35.9% |
| 2023 | 0.38x | $316.40 Million | $119.10 Million | ▼ -13.4% |
| 2022 | 0.43x | $297.80 Million | $129.50 Million | ▲ +92.2% |
| 2021 | 0.23x | $449.90 Million | $101.80 Million | ▲ +13.4% |
| 2020 | 0.20x | $384.30 Million | $76.70 Million | ▼ -16.6% |
| 2019 | 0.24x | $334.40 Million | $80.00 Million | ▼ -1.0% |
| 2018 | 0.24x | $314.80 Million | $76.10 Million | ▼ -9.2% |
| 2017 | 0.27x | $250.10 Million | $66.60 Million | ▼ -9.4% |
| 2016 | 0.29x | $213.70 Million | $62.80 Million | ▲ +23.9% |
| 2015 | 0.24x | $241.50 Million | $57.30 Million | ▼ -46.2% |
| 2014 | 0.44x | $132.22 Million | $58.32 Million | ▲ +145.2% |
| 2013 | 0.18x | $186.66 Million | $33.58 Million | ▼ -12.6% |
| 2012 | 0.21x | $146.00 Million | $30.04 Million | ▲ +45.5% |
| 2011 | 0.14x | $164.98 Million | $23.32 Million | ▲ +18.3% |
| 2010 | 0.12x | $123.62 Million | $14.77 Million | ▼ -7.1% |
| 2009 | 0.13x | $96.18 Million | $12.37 Million | ▼ -59.6% |
| 2008 | 0.32x | $152.45 Million | $48.52 Million | ▲ +215.2% |
| 2007 | 0.10x | $112.37 Million | $11.35 Million | ▲ +111.0% |
| 2006 | 0.05x | $98.68 Million | $4.72 Million | ▼ -68.9% |
| 2005 | 0.15x | $48.45 Million | $7.45 Million | ▼ -34.6% |
| 2004 | 0.24x | $32.86 Million | $7.73 Million | ▼ -18.8% |
| 2003 | 0.29x | $29.70 Million | $8.61 Million | ▼ -20.0% |
| 2002 | 0.36x | $16.54 Million | $5.99 Million | — |