NASDAQ:MORN | Free Cash Flow | Morningstar, Inc.

Free cash flow is operating cash flow less capital expenditure. FCF / net income requires positive matching-period earnings.

Available history
2008-12-31 to 2026-03-31
Data captured

Historical Free Cash Flow

DateOperating cash flowCapital expenditureFree cash flowFCF / net income
2026-03-31$91.5M$37.9M$53.6M50.05%
2025-12-31$204M$42.7M$161.3M140.14%
2025-03-31$91M$32.2M$58.8M74.90%
2024-12-31$153.4M$40.6M$112.8M96.49%
2024-03-31$93.6M$34.1M$59.5M92.68%
2023-12-31$137.8M$30M$107.8M146.67%
2023-03-31$23.4M$29.5M-$6.1M
2022-12-31$103.5M$36.1M$67.4M2042.42%
2022-03-31$23.5M$28M-$4.5M-9.76%
2021-12-31$135.9M$30.2M$105.7M187.08%
2021-03-31$64.2M$22.7M$41.5M75.59%
2020-12-31$114.6M$22M$92.6M122.97%
2020-03-31$48.7M$15.1M$33.6M140.59%
2019-12-31$82.5M$22.9M$59.6M215.94%
2019-03-31$59M$18.7M$40.3M121.39%
2018-12-31$105.3M$20.9M$84.4M199.06%
2018-03-31$59.9M$17.6M$42.3M100.95%
2017-12-31$85.4M$20.2M$65.2M167.61%
2017-03-31$46.5M$14.3M$32.2M178.89%
2016-12-31$70.5M$15.3M$55.2M78.52%
2016-03-31$11.4M$13.5M-$2.1M-7.32%
2015-12-31$52.9M$17.4M$35.5M95.17%
2015-03-31$35M$14.4M$20.6M69.36%
2014-12-31$61.3M$15.5M$45.8M145.40%
2014-03-31$11.9M$20.8M-$8.9M-33.71%
2013-12-31$54.49M$5.65M$48.84M156.04%
2013-03-31$26.67M$9.12M$17.56M59.27%
2012-12-31$53.68M$7.16M$46.52M141.03%
2012-03-31$5.62M$8.99M-$3.37M-16.74%
2011-12-31$58.66M$8.63M$50.03M178.96%
2011-03-31$14.35M$5.04M$9.31M41.31%
2010-12-31$43.11M$7.07M$36.04M153.33%
2010-03-31$14.45M
2009-12-31$33.92M

Annual Free Cash Flow

DateOperating cash flowCapital expenditureFree cash flowFCF / net income
2025-12-31$589.7M$147.1M$442.6M118.28%
2024-12-31$591.6M$142.7M$448.9M121.36%
2023-12-31$316.4M$119.1M$197.3M139.83%
2022-12-31$297.8M$129.5M$168.3M238.72%
2021-12-31$449.9M$101.8M$348.1M180.08%
2020-12-31$384.3M$76.7M$307.6M137.57%
2019-12-31$334.4M$80M$254.4M167.37%
2018-12-31$314.8M$76.1M$238.7M130.44%
2017-12-31$250.1M$66.6M$183.5M134.04%
2016-12-31$213.7M$62.8M$150.9M93.73%
2015-12-31$241.5M$57.3M$184.2M138.91%
2014-12-31$136.6M$58.3M$78.3M100.00%
2013-12-31$186.7M$33.6M$153.1M123.97%
2012-12-31$146M$30.04M$115.96M107.29%
2011-12-31$164.98M$23.32M$141.65M144.02%
2010-12-31$123.42M$14.77M$108.65M125.79%
2009-12-31$101.26M$12.37M$88.88M108.22%
2008-12-31$149.34M