Morningstar Inc Tangible Net Worth Ratio
Morningstar Inc tangible net worth ratio. Morningstar Inc (MORN) has a Tangible Net Worth Ratio of 41.9% as of March 2026. This metric is calculated by deducting intangible assets ($591.40 Million) from net assets ($1.02 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset growth rate of Morningstar Inc to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Morningstar Inc (2002–2025)
Tangible net worth ratio of Morningstar Inc from 2002 to 2025. This chart shows how Morningstar Inc's Tangible Net Worth Ratio has changed across 24 annual periods from 2002 to 2025. As of March 2026, the ratio stands at 41.9%, reflecting net assets of $1.02 Billion with intangible assets of $591.40 Million USD. Check Morningstar Inc strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Morningstar Inc Tangible Net Worth Ratio by Year (2002–2025)
Morningstar Inc tangible net worth ratio by year from 2002 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Morningstar Inc from 2002 to 2025, covering 24 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see Morningstar Inc market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 69.0% | $1.22 Billion | $379.30 Million | $3.59 Billion | ▼ -5.8 pp |
| 2024 | 74.7% | $1.62 Billion | $408.80 Million | $3.55 Billion | ▲ +11.2 pp |
| 2023 | 63.5% | $1.33 Billion | $484.40 Million | $3.40 Billion | ▲ +9.0 pp |
| 2022 | 54.6% | $1.21 Billion | $548.60 Million | $3.47 Billion | ▼ -22.3 pp |
| 2021 | 76.8% | $1.42 Billion | $328.20 Million | $2.86 Billion | ▲ +6.7 pp |
| 2020 | 70.1% | $1.27 Billion | $380.10 Million | $2.70 Billion | ▲ +0.9 pp |
| 2019 | 69.2% | $1.08 Billion | $333.40 Million | $2.37 Billion | ▼ -22.9 pp |
| 2018 | 92.1% | $934.70 Million | $73.90 Million | $1.45 Billion | ▲ +3.9 pp |
| 2017 | 88.1% | $804.90 Million | $95.40 Million | $1.41 Billion | ▲ +5.5 pp |
| 2016 | 82.6% | $696.80 Million | $120.90 Million | $1.35 Billion | ▼ -5.8 pp |
| 2015 | 88.4% | $640.60 Million | $74.20 Million | $1.03 Billion | ▲ +3.1 pp |
| 2014 | 85.3% | $654.40 Million | $95.91 Million | $1.02 Billion | ▲ +0.4 pp |
| 2013 | 85.0% | $691.29 Million | $103.91 Million | $1.03 Billion | ▲ +1.0 pp |
| 2012 | 83.9% | $726.89 Million | $116.73 Million | $1.04 Billion | ▲ +0.3 pp |
| 2011 | 83.7% | $857.02 Million | $139.81 Million | $1.17 Billion | ▲ +5.3 pp |
| 2010 | 78.4% | $781.42 Million | $169.02 Million | $1.09 Billion | ▼ -1.6 pp |
| 2009 | 80.0% | $676.87 Million | $135.49 Million | $919.58 Million | ▲ +2.4 pp |
| 2008 | 77.6% | $535.53 Million | $119.81 Million | $803.94 Million | ▲ +1.1 pp |
| 2007 | 76.5% | $408.30 Million | $95.77 Million | $649.31 Million | ▲ +3.6 pp |
| 2006 | 73.0% | $269.42 Million | $72.84 Million | $447.84 Million | ▼ -22.9 pp |
| 2005 | 95.8% | $173.71 Million | $7.25 Million | $296.31 Million | ▲ +20.6 pp |
| 2004 | 75.2% | $64.38 Million | $15.98 Million | $213.36 Million | ▼ -20.9 pp |
| 2003 | 96.1% | $47.78 Million | $1.86 Million | $183.22 Million | ▼ -3.9 pp |
| 2002 | 100.0% | $50.46 Million | $0.00 | $155.11 Million | — |