Morningstar (MORN) Ratios
Morningstar Ratios
MX:MORN's free cash flow for Q3 2026 was $155.40M. For the 2026 fiscal year, MX:MORN's free cash flow was decreased by $-35.30M and operating cash flow was $190.70M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.99 | 1.05 | 0.93 | 0.92 | 1.13 |
| Quick Ratio | 0.99 | 1.05 | 0.93 | 0.92 | 1.13 |
| Cash Ratio | 0.45 | 0.52 | 0.38 | 0.43 | 0.62 |
| Solvency Ratio | 0.24 | 0.29 | 0.16 | 0.10 | 0.24 |
| Operating Cash Flow Ratio | 0.56 | 0.61 | 0.36 | 0.34 | 0.57 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 9.86 | 9.28 | 0.00 |
| Net Current Asset Value | $ -1.33B | $ -916.20M | $ -1.26B | $ -1.46B | $ -559.20M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.39 | 0.25 | 0.34 | 0.38 | 0.19 |
| Debt-to-Equity Ratio | 1.15 | 0.56 | 0.87 | 1.10 | 0.38 |
| Debt-to-Capital Ratio | 0.54 | 0.36 | 0.47 | 0.52 | 0.27 |
| Long-Term Debt-to-Capital Ratio | 0.50 | 0.30 | 0.41 | 0.47 | 0.20 |
| Financial Leverage Ratio | 2.94 | 2.19 | 2.56 | 2.88 | 2.02 |
| Debt Service Coverage Ratio | 15.19 | 12.58 | 4.25 | 4.45 | 39.92 |
| Interest Coverage Ratio | 13.16 | 9.72 | 3.80 | 5.91 | 29.54 |
| Debt to Market Cap | 0.13 | 0.05 | 0.08 | 0.12 | 0.02 |
| Interest Debt Per Share | 34.55 | 22.29 | 28.66 | 31.74 | 12.56 |
| Net Debt to EBITDA | 1.28 | 0.55 | 1.93 | 2.91 | 0.12 |
| Profitability Margins | |||||
| Gross Profit Margin | 61.03% | 60.63% | 58.62% | 58.34% | 58.90% |
| EBIT Margin | 22.04% | 23.79% | 11.88% | 8.50% | 15.25% |
| EBITDA Margin | 29.81% | 32.16% | 20.95% | 17.41% | 24.12% |
| Operating Profit Margin | 21.53% | 21.31% | 11.31% | 8.97% | 15.12% |
| Pretax Profit Margin | 20.27% | 20.83% | 8.54% | 6.79% | 15.06% |
| Net Profit Margin | 15.30% | 16.26% | 6.92% | 3.77% | 11.38% |
| Continuous Operations Profit Margin | 15.30% | 16.26% | 6.92% | 3.77% | 11.38% |
| Net Income Per EBT | 75.49% | 78.05% | 81.05% | 55.51% | 75.54% |
| EBT Per EBIT | 94.13% | 97.75% | 75.50% | 75.69% | 99.57% |
| Return on Assets (ROA) | 10.42% | 10.42% | 4.15% | 2.03% | 6.75% |
| Return on Equity (ROE) | 30.62% | 22.85% | 10.63% | 5.84% | 13.65% |
| Return on Capital Employed (ROCE) | 20.76% | 18.78% | 9.14% | 6.47% | 12.36% |
| Return on Invested Capital (ROIC) | 15.42% | 14.46% | 7.21% | 3.50% | 9.18% |
| Return on Tangible Assets | 23.39% | 23.44% | 10.53% | 5.20% | 14.56% |
| Earnings Yield | 4.11% | 2.57% | 1.16% | 0.76% | 1.31% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.01 | 6.14 | 5.92 | 6.08 | 6.12 |
| Payables Turnover | 9.73 | 10.26 | 10.76 | 0.00 | 0.00 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 6.26 | 5.69 | 5.49 | 4.78 | 5.29 |
| Asset Turnover | 0.68 | 0.64 | 0.60 | 0.54 | 0.59 |
| Working Capital Turnover Ratio | 155.27 | -248.64 | -29.80 | 115.47 | 16.37 |
| Cash Conversion Cycle | 23.19 | 23.87 | 27.76 | 60.08 | 59.67 |
| Days of Sales Outstanding | 60.69 | 59.44 | 61.68 | 60.08 | 59.67 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 37.50 | 35.57 | 33.93 | 0.00 | 0.00 |
| Operating Cycle | 60.69 | 59.44 | 61.68 | 60.08 | 59.67 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 14.07 | 13.82 | 7.43 | 6.99 | 10.46 |
| Free Cash Flow Per Share | 10.56 | 10.49 | 4.63 | 3.95 | 8.10 |
| Dividend Paid and CapEx Coverage Ratio | 2.63 | 2.79 | 1.73 | 1.56 | 2.88 |
| Capital Expenditure Coverage Ratio | 4.01 | 4.15 | 2.66 | 2.30 | 4.42 |
| Operating Cash Flow Coverage Ratio | 0.42 | 0.65 | 0.27 | 0.22 | 0.85 |
| Operating Cash Flow to Sales Ratio | 0.24 | 0.26 | 0.16 | 0.16 | 0.26 |
| Free Cash Flow Yield | 4.86% | 3.11% | 1.62% | 1.82% | 2.37% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 24.33 | 38.98 | 86.42 | 130.88 | 76.08 |
| Price-to-Sales (P/S) Ratio | 3.72 | 6.34 | 5.98 | 4.93 | 8.65 |
| Price-to-Book (P/B) Ratio | 7.45 | 8.90 | 9.18 | 7.64 | 10.39 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 20.57 | 32.11 | 61.80 | 54.82 | 42.25 |
| Price-to-Operating Cash Flow Ratio | 15.44 | 24.36 | 38.54 | 30.98 | 32.69 |
| Price-to-Earnings Growth (PEG) Ratio | 7.25 | 0.24 | 0.86 | -2.07 | -5.52 |
| Enterprise Value Multiple | 13.77 | 20.25 | 30.48 | 31.25 | 35.99 |
| Enterprise Value | 10.04B | 14.81B | 13.02B | 10.17B | 14.75B |
| EV to EBITDA | 13.77 | 20.25 | 30.48 | 31.25 | 35.99 |
| EV to Sales | 4.10 | 6.51 | 6.38 | 5.44 | 8.68 |
| EV to Free Cash Flow | 22.68 | 33.00 | 65.97 | 60.45 | 42.38 |
| EV to Operating Cash Flow | 17.02 | 25.04 | 41.14 | 34.16 | 32.79 |
| Tangible Book Value Per Share | -18.33 | -8.23 | -17.26 | -21.44 | -2.77 |
| Shareholders’ Equity Per Share | 29.16 | 37.82 | 31.17 | 28.34 | 32.93 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.25 | 0.22 | 0.19 | 0.44 | 0.24 |
| Revenue Per Share | 58.37 | 53.16 | 47.85 | 43.91 | 39.52 |
| Net Income Per Share | 8.93 | 8.64 | 3.31 | 1.65 | 4.50 |
| Tax Burden | 0.75 | 0.78 | 0.81 | 0.56 | 0.76 |
| Interest Burden | 0.92 | 0.88 | 0.72 | 0.80 | 0.99 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 |
| SG&A to Revenue | 0.33 | 0.34 | 0.17 | 0.21 | 0.19 |
| Stock-Based Compensation to Revenue | 0.00 | 0.02 | 0.03 | 0.04 | 0.02 |
| Income Quality | 1.58 | 1.60 | 2.24 | 4.22 | 2.33 |
Currency in USD
