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Side-by-side financial comparison of Magnera Corp (MAGN) and Morningstar, Inc. (MORN). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $644.8M, roughly 1.2× Morningstar, Inc.). On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 10.8%). Morningstar, Inc. produced more free cash flow last quarter ($53.6M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% 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.
MAGN vs MORN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $644.8M |
| Net Profit | $-34.0M | — |
| Gross Margin | 12.2% | 62.9% |
| Operating Margin | 1.8% | 24.2% |
| Net Margin | -4.3% | — |
| Revenue YoY | 12.8% | 10.8% |
| Net Profit YoY | 43.3% | — |
| EPS (diluted) | $-0.95 | $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 | $792.0M | $641.1M | ||
| Q3 25 | — | $617.4M | ||
| Q2 25 | $839.0M | $605.1M | ||
| Q1 25 | $824.0M | $581.9M | ||
| Q4 24 | $702.0M | $591.0M | ||
| Q3 24 | $332.1M | $569.4M | ||
| Q2 24 | $556.0M | $571.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-34.0M | $115.1M | ||
| Q3 25 | — | $91.6M | ||
| Q2 25 | $-18.0M | $89.0M | ||
| Q1 25 | $-41.0M | $78.5M | ||
| Q4 24 | $-60.0M | $116.9M | ||
| Q3 24 | $-15.2M | $119.7M | ||
| Q2 24 | $19.0M | $69.1M |
| Q1 26 | — | 62.9% | ||
| Q4 25 | 12.2% | 61.1% | ||
| Q3 25 | — | 60.9% | ||
| Q2 25 | 10.7% | 61.9% | ||
| Q1 25 | 10.7% | 60.2% | ||
| Q4 24 | 10.1% | 60.7% | ||
| Q3 24 | 10.7% | 60.9% | ||
| Q2 24 | 6.6% | 61.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | 1.8% | 24.9% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | 1.5% | 20.7% | ||
| Q1 25 | 0.5% | 19.6% | ||
| Q4 24 | -3.1% | 28.5% | ||
| Q3 24 | 0.9% | 20.3% | ||
| Q2 24 | 3.1% | 19.0% |
| Q1 26 | — | — | ||
| Q4 25 | -4.3% | 18.0% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | -2.1% | 14.7% | ||
| Q1 25 | -5.0% | 13.5% | ||
| Q4 24 | -8.5% | 19.8% | ||
| Q3 24 | -4.6% | 21.0% | ||
| Q2 24 | 3.4% | 12.1% |
| Q1 26 | — | $2.73 | ||
| Q4 25 | $-0.95 | $2.79 | ||
| Q3 25 | — | $2.17 | ||
| Q2 25 | $-0.51 | $2.09 | ||
| Q1 25 | $-1.15 | $1.82 | ||
| Q4 24 | $-1.69 | $2.72 | ||
| Q3 24 | $-0.33 | $2.77 | ||
| Q2 24 | $0.60 | $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 | $264.0M | $492.8M |
| Total DebtLower is stronger | $1.9B | $1.7B |
| Stockholders' EquityBook value | $1.0B | $1.0B |
| Total Assets | $3.9B | $4.0B |
| Debt / EquityLower = less leverage | 1.86× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $492.8M | ||
| Q4 25 | $264.0M | $528.7M | ||
| Q3 25 | — | $40.3M | ||
| Q2 25 | $276.0M | $38.1M | ||
| Q1 25 | $282.0M | $47.7M | ||
| Q4 24 | $215.0M | $551.0M | ||
| Q3 24 | $230.0M | $48.8M | ||
| Q2 24 | $33.9M | $48.0M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | $848.9M | ||
| Q2 25 | $2.0B | $838.8M | ||
| Q1 25 | $2.0B | $803.7M | ||
| Q4 24 | $2.0B | $698.6M | ||
| Q3 24 | $2.0B | $864.7M | ||
| Q2 24 | $877.4M | $899.6M |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.4B | $1.4B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $3.9B | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | $4.1B | $3.6B | ||
| Q1 25 | $4.1B | $3.6B | ||
| Q4 24 | $4.0B | $3.5B | ||
| Q3 24 | $2.8B | $3.6B | ||
| Q2 24 | $1.5B | $3.4B |
| Q1 26 | — | 1.68× | ||
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | 1.77× | 0.52× | ||
| Q1 25 | 1.83× | 0.50× | ||
| Q4 24 | 1.80× | 0.43× | ||
| Q3 24 | 0.91× | 0.55× | ||
| Q2 24 | 0.37× | 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 | $2.0M | — |
| Free Cash FlowOCF − Capex | $-13.0M | $53.6M |
| FCF MarginFCF / Revenue | -1.6% | 8.3% |
| Capex IntensityCapex / Revenue | 1.9% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $437.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.0M | $204.0M | ||
| Q3 25 | — | $195.7M | ||
| Q2 25 | $0 | $99.0M | ||
| Q1 25 | $65.0M | $91.0M | ||
| Q4 24 | $-58.0M | $153.4M | ||
| Q3 24 | $12.2M | $191.9M | ||
| Q2 24 | $38.0M | $152.7M |
| Q1 26 | — | $53.6M | ||
| Q4 25 | $-13.0M | $161.3M | ||
| Q3 25 | — | $160.1M | ||
| Q2 25 | — | $62.4M | ||
| Q1 25 | $42.0M | $58.8M | ||
| Q4 24 | $-74.0M | $112.8M | ||
| Q3 24 | $3.6M | $155.8M | ||
| Q2 24 | $23.0M | $120.8M |
| Q1 26 | — | 8.3% | ||
| Q4 25 | -1.6% | 25.2% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | 5.1% | 10.1% | ||
| Q4 24 | -10.5% | 19.1% | ||
| Q3 24 | 1.1% | 27.4% | ||
| Q2 24 | 4.1% | 21.1% |
| Q1 26 | — | 5.9% | ||
| Q4 25 | 1.9% | 6.7% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | 1.5% | 6.0% | ||
| Q1 25 | 2.8% | 5.5% | ||
| Q4 24 | 2.3% | 6.9% | ||
| Q3 24 | 2.6% | 6.3% | ||
| Q2 24 | 2.7% | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | 2.00× | 2.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
MORN
Segment breakdown not available.
