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 $59.3B against $9.2B — 6.5× the size. Morningstar, Inc. trades at the lower P/E: 21.2× against 28.9×. Nasdaq, Inc. grew revenue faster over the last twelve months: 11.5% against 9.43%. Nasdaq, Inc. has the higher net margin (22.8% vs 17.0%) and the lower return on invested capital (8.56% vs 18.5%). Both pay a dividend; Nasdaq, Inc. yields more (1.08% vs 0.82%). Across the 21 metrics below, Morningstar, Inc. leads on 11 and Nasdaq, Inc. on 10.

Valuation

Metric MORN NDAQ Financial Data & Stock Exchanges median
P/E 21.19 28.94 24.72
P/S 3.48 6.54 6.77
P/B 8.90 4.99 4.55
Price to free cash flow 18.52 26.50 20.03
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.72% 3.46% 4.01%
Free cash flow yield 5.40% 3.77% 4.64%

Profitability

Metric MORN NDAQ Financial Data & Stock Exchanges median
Gross margin 63.07% 63.17% 72.83%
Operating margin 24.55% 29.85% 29.06%
Net margin 17.00% 22.78% 25.36%
Free cash flow margin 18.80% 24.68% 32.14%
Return on equity 35.08% 17.34% 17.00%
Return on assets 11.87% 7.18% 8.22%
Return on invested capital 18.45% 8.56% 10.55%

Growth

Metric MORN NDAQ Financial Data & Stock Exchanges median
Revenue growth (TTM) 9.43% 11.45% 10.44%
EPS growth (last fiscal year) 3.38% 60.10% 13.54%
Revenue growth, 5-year CAGR 11.97% 7.99% 9.24%
Net income growth, 5-year CAGR 10.85% 13.89% 10.85%

Health

Metric MORN NDAQ Financial Data & Stock Exchanges median
Debt to equity 1.64 0.71 0.67
Current ratio 1.05 1.00 1.04
Net debt to EBITDA 0.76 2.61 1.20

Dividend

Metric MORN NDAQ Financial Data & Stock Exchanges median
Dividend yield 0.82% 1.08% 1.13%
Payout ratio 0.17 0.32 0.29

Size

Metric MORN NDAQ Financial Data & Stock Exchanges median
Market cap 9.17b 59.29b 36.53b

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