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Side-by-side financial comparison of Everus Construction Group, Inc. (ECG) and Morningstar, Inc. (MORN). Click either name above to swap in a different company.
Everus Construction Group, Inc. is the larger business by last-quarter revenue ($1.0B vs $644.8M, roughly 1.6× Morningstar, Inc.). On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs 10.8%). Morningstar, Inc. produced more free cash flow last quarter ($53.6M vs $23.5M). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% CAGR vs 6.2%).
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.
ECG vs MORN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $644.8M |
| Net Profit | $55.3M | — |
| Gross Margin | 11.6% | 62.9% |
| Operating Margin | 6.8% | 24.2% |
| Net Margin | 5.5% | — |
| Revenue YoY | 33.2% | 10.8% |
| Net Profit YoY | 60.4% | — |
| EPS (diluted) | $1.09 | $2.73 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $644.8M | ||
| Q4 25 | $1.0B | $641.1M | ||
| Q3 25 | $986.8M | $617.4M | ||
| Q2 25 | $921.5M | $605.1M | ||
| Q1 25 | $826.6M | $581.9M | ||
| Q4 24 | $759.6M | $591.0M | ||
| Q3 24 | $761.0M | $569.4M | ||
| Q2 24 | $703.4M | $571.9M |
| Q1 26 | — | — | ||
| Q4 25 | $55.3M | $115.1M | ||
| Q3 25 | $57.0M | $91.6M | ||
| Q2 25 | $52.8M | $89.0M | ||
| Q1 25 | $36.7M | $78.5M | ||
| Q4 24 | $34.5M | $116.9M | ||
| Q3 24 | $41.8M | $119.7M | ||
| Q2 24 | $39.0M | $69.1M |
| Q1 26 | — | 62.9% | ||
| Q4 25 | 11.6% | 61.1% | ||
| Q3 25 | 12.6% | 60.9% | ||
| Q2 25 | 13.0% | 61.9% | ||
| Q1 25 | 11.2% | 60.2% | ||
| Q4 24 | 11.4% | 60.7% | ||
| Q3 24 | 11.8% | 60.9% | ||
| Q2 24 | 12.6% | 61.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | 6.8% | 24.9% | ||
| Q3 25 | 7.3% | 20.7% | ||
| Q2 25 | 7.9% | 20.7% | ||
| Q1 25 | 6.2% | 19.6% | ||
| Q4 24 | 6.1% | 28.5% | ||
| Q3 24 | 7.1% | 20.3% | ||
| Q2 24 | 7.3% | 19.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 18.0% | ||
| Q3 25 | 5.8% | 14.8% | ||
| Q2 25 | 5.7% | 14.7% | ||
| Q1 25 | 4.4% | 13.5% | ||
| Q4 24 | 4.5% | 19.8% | ||
| Q3 24 | 5.5% | 21.0% | ||
| Q2 24 | 5.5% | 12.1% |
| Q1 26 | — | $2.73 | ||
| Q4 25 | $1.09 | $2.79 | ||
| Q3 25 | $1.11 | $2.17 | ||
| Q2 25 | $1.03 | $2.09 | ||
| Q1 25 | $0.72 | $1.82 | ||
| Q4 24 | $0.68 | $2.72 | ||
| Q3 24 | $0.82 | $2.77 | ||
| Q2 24 | $0.76 | $1.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $492.8M |
| Total DebtLower is stronger | $281.5M | $1.7B |
| Stockholders' EquityBook value | $629.8M | $1.0B |
| Total Assets | $1.7B | $4.0B |
| Debt / EquityLower = less leverage | 0.45× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $492.8M | ||
| Q4 25 | — | $528.7M | ||
| Q3 25 | — | $40.3M | ||
| Q2 25 | — | $38.1M | ||
| Q1 25 | — | $47.7M | ||
| Q4 24 | — | $551.0M | ||
| Q3 24 | $553.0K | $48.8M | ||
| Q2 24 | — | $48.0M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $281.5M | — | ||
| Q3 25 | $285.1M | $848.9M | ||
| Q2 25 | $288.6M | $838.8M | ||
| Q1 25 | $292.1M | $803.7M | ||
| Q4 24 | $295.6M | $698.6M | ||
| Q3 24 | — | $864.7M | ||
| Q2 24 | — | $899.6M |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $629.8M | $1.2B | ||
| Q3 25 | $573.0M | $1.5B | ||
| Q2 25 | $514.4M | $1.6B | ||
| Q1 25 | $460.2M | $1.6B | ||
| Q4 24 | $422.6M | $1.6B | ||
| Q3 24 | $453.3M | $1.6B | ||
| Q2 24 | $490.0M | $1.4B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.7B | $3.6B | ||
| Q3 25 | $1.6B | $3.6B | ||
| Q2 25 | $1.5B | $3.6B | ||
| Q1 25 | $1.4B | $3.6B | ||
| Q4 24 | $1.3B | $3.5B | ||
| Q3 24 | $1.3B | $3.6B | ||
| Q2 24 | — | $3.4B |
| Q1 26 | — | 1.68× | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.50× | 0.56× | ||
| Q2 25 | 0.56× | 0.52× | ||
| Q1 25 | 0.63× | 0.50× | ||
| Q4 24 | 0.70× | 0.43× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.63× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $48.2M | — |
| Free Cash FlowOCF − Capex | $23.5M | $53.6M |
| FCF MarginFCF / Revenue | 2.3% | 8.3% |
| Capex IntensityCapex / Revenue | 2.4% | 5.9% |
| Cash ConversionOCF / Net Profit | 0.87× | — |
| TTM Free Cash FlowTrailing 4 quarters | $90.0M | $437.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $48.2M | $204.0M | ||
| Q3 25 | $76.2M | $195.7M | ||
| Q2 25 | $25.3M | $99.0M | ||
| Q1 25 | $7.1M | $91.0M | ||
| Q4 24 | — | $153.4M | ||
| Q3 24 | $78.9M | $191.9M | ||
| Q2 24 | — | $152.7M |
| Q1 26 | — | $53.6M | ||
| Q4 25 | $23.5M | $161.3M | ||
| Q3 25 | $65.7M | $160.1M | ||
| Q2 25 | $12.3M | $62.4M | ||
| Q1 25 | $-11.4M | $58.8M | ||
| Q4 24 | — | $112.8M | ||
| Q3 24 | $60.9M | $155.8M | ||
| Q2 24 | — | $120.8M |
| Q1 26 | — | 8.3% | ||
| Q4 25 | 2.3% | 25.2% | ||
| Q3 25 | 6.7% | 25.9% | ||
| Q2 25 | 1.3% | 10.3% | ||
| Q1 25 | -1.4% | 10.1% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | 8.0% | 27.4% | ||
| Q2 24 | — | 21.1% |
| Q1 26 | — | 5.9% | ||
| Q4 25 | 2.4% | 6.7% | ||
| Q3 25 | 1.1% | 5.8% | ||
| Q2 25 | 1.4% | 6.0% | ||
| Q1 25 | 2.2% | 5.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | 2.4% | 6.3% | ||
| Q2 24 | — | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 1.77× | ||
| Q3 25 | 1.34× | 2.14× | ||
| Q2 25 | 0.48× | 1.11× | ||
| Q1 25 | 0.19× | 1.16× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 1.89× | 1.60× | ||
| Q2 24 | — | 2.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
MORN
Segment breakdown not available.
