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). See MORN net asset quality index to measure how much of total assets are equity-financed.
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. Check MORN capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Morningstar Inc (2002–2025)
Year-by-year Capital Reinvestment Ratio for Morningstar Inc from 2002 to 2025. For live market cap and broader valuation context, see Morningstar Inc (MORN) market capitalisation.
| 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 | — |