Morningstar Inc (MORN) — Financial Flexibility Index
Morningstar Inc (MORN) has a Financial Flexibility Index of 0.04x as of March 2026. Free cash flow of $129.40 Million (operating CF $91.50 Million minus capex $37.90 Million) represents 0% of total liabilities ($2.97 Billion). Check MORN cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Morningstar Inc Financial Flexibility Index (2002–2025)
Historical Financial Flexibility Index trend for Morningstar Inc across 24 annual periods. For the full cash flow conversion analysis, see Morningstar Inc cash conversion from operations.
Annual Financial Flexibility Index for Morningstar Inc (2002–2025)
Year-by-year free cash flow to debt coverage for Morningstar Inc. Explore debt repayment capacity of Morningstar Inc to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.31x | $736.80 Million | $589.70 Million | $2.37 Billion | ▼ -18.2% |
| 2024 | 0.38x | $734.30 Million | $591.60 Million | $1.93 Billion | ▲ +81.3% |
| 2023 | 0.21x | $435.50 Million | $316.40 Million | $2.08 Billion | ▲ +11.4% |
| 2022 | 0.19x | $427.30 Million | $297.80 Million | $2.27 Billion | ▼ -50.6% |
| 2021 | 0.38x | $551.70 Million | $449.90 Million | $1.45 Billion | ▲ +17.8% |
| 2020 | 0.32x | $461.00 Million | $384.30 Million | $1.42 Billion | ▲ +0.5% |
| 2019 | 0.32x | $414.40 Million | $334.40 Million | $1.29 Billion | ▼ -57.3% |
| 2018 | 0.75x | $390.90 Million | $314.80 Million | $519.10 Million | ▲ +42.9% |
| 2017 | 0.53x | $316.70 Million | $250.10 Million | $600.80 Million | ▲ +24.7% |
| 2016 | 0.42x | $276.50 Million | $213.70 Million | $654.10 Million | ▼ -45.1% |
| 2015 | 0.77x | $298.80 Million | $241.50 Million | $388.40 Million | ▲ +47.3% |
| 2014 | 0.52x | $190.54 Million | $132.22 Million | $364.88 Million | ▼ -19.5% |
| 2013 | 0.65x | $220.24 Million | $186.66 Million | $339.38 Million | ▲ +16.1% |
| 2012 | 0.56x | $176.03 Million | $146.00 Million | $315.06 Million | ▼ -6.5% |
| 2011 | 0.60x | $188.30 Million | $164.98 Million | $315.07 Million | ▲ +31.7% |
| 2010 | 0.45x | $138.39 Million | $123.62 Million | $304.88 Million | ▲ +1.5% |
| 2009 | 0.45x | $108.55 Million | $96.18 Million | $242.71 Million | ▼ -40.3% |
| 2008 | 0.75x | $200.97 Million | $152.45 Million | $268.41 Million | ▲ +45.9% |
| 2007 | 0.51x | $123.71 Million | $112.37 Million | $241.00 Million | ▼ -11.4% |
| 2006 | 0.58x | $103.40 Million | $98.68 Million | $178.41 Million | ▲ +27.1% |
| 2005 | 0.46x | $55.90 Million | $48.45 Million | $122.60 Million | ▲ +67.3% |
| 2004 | 0.27x | $40.59 Million | $32.86 Million | $148.98 Million | ▼ -3.7% |
| 2003 | 0.28x | $38.31 Million | $29.70 Million | $135.44 Million | ▲ +31.4% |
| 2002 | 0.22x | $22.53 Million | $16.54 Million | $104.65 Million | — |