Morningstar, Inc. (MORN) vs Nasdaq, Inc. (NDAQ)

Morningstar, Inc. and Nasdaq, Inc. are both Financial Data & Stock Exchanges companies. Nasdaq, Inc. is the larger, with a market value of $52.3B against $7.9B — 6.7× the size. Morningstar, Inc. trades at the lower P/E: 19.5× against 27.0×. Morningstar, Inc. grew revenue faster over the last twelve months: 9.33% against 7.42%. Nasdaq, Inc. has the higher net margin (22.5% vs 16.4%) and the lower return on invested capital (8.18% vs 17.1%). Both pay a dividend; Nasdaq, Inc. yields more (1.24% vs 0.96%). Across the 21 metrics below, Morningstar, Inc. leads on 12 and Nasdaq, Inc. on 9.

Valuation

Metric MORN NDAQ Financial Data & Stock Exchanges median
P/E 19.54 27.03 23.59
P/S 3.05 6.06 6.89
P/B 7.66 4.41 4.00
Price to free cash flow 15.76 27.12 19.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 5.12% 3.70% 4.04%
Free cash flow yield 6.35% 3.69% 4.39%

Profitability

Metric MORN NDAQ Financial Data & Stock Exchanges median
Gross margin 62.24% 64.27% 70.90%
Operating margin 23.53% 29.60% 28.27%
Net margin 16.43% 22.52% 22.52%
Free cash flow margin 19.38% 22.34% 28.57%
Return on equity 31.96% 16.52% 15.12%
Return on assets 11.13% 6.82% 6.82%
Return on invested capital 17.05% 8.18% 9.96%

Growth

Metric MORN NDAQ Financial Data & Stock Exchanges median
Revenue growth (TTM) 9.33% 7.42% 9.16%
EPS growth (last fiscal year) 3.38% 60.10% 15.41%
Revenue growth, 5-year CAGR 11.97% 7.99% 8.62%
Net income growth, 5-year CAGR 10.85% 13.89% 10.27%

Health

Metric MORN NDAQ Financial Data & Stock Exchanges median
Debt to equity 1.67 0.71 0.48
Current ratio 1.06 1.01 1.06
Net debt to EBITDA 0.76 2.61 1.19

Dividend

Metric MORN NDAQ Financial Data & Stock Exchanges median
Dividend yield 0.96% 1.24% 1.28%
Payout ratio 0.19 0.34 0.32

Size

Metric MORN NDAQ Financial Data & Stock Exchanges median
Market cap 7.85b 52.26b 32.17b

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