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Side-by-side financial comparison of Morningstar, Inc. (MORN) and Noble Corp plc (NE). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $644.8M, roughly 1.2× Morningstar, Inc.). On growth, Morningstar, Inc. posted the faster year-over-year revenue change (10.8% vs -17.6%). Morningstar, Inc. produced more free cash flow last quarter ($53.6M vs $35.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% 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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
MORN vs NE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $764.4M |
| Net Profit | — | $86.6M |
| Gross Margin | 62.9% | — |
| Operating Margin | 24.2% | 5.6% |
| Net Margin | — | 11.3% |
| Revenue YoY | 10.8% | -17.6% |
| Net Profit YoY | — | -10.4% |
| EPS (diluted) | $2.73 | $0.54 |
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 | $641.1M | $764.4M | ||
| Q3 25 | $617.4M | $798.0M | ||
| Q2 25 | $605.1M | $848.7M | ||
| Q1 25 | $581.9M | $874.5M | ||
| Q4 24 | $591.0M | $927.3M | ||
| Q3 24 | $569.4M | $800.5M | ||
| Q2 24 | $571.9M | $692.8M |
| Q1 26 | — | — | ||
| Q4 25 | $115.1M | $86.6M | ||
| Q3 25 | $91.6M | $-21.1M | ||
| Q2 25 | $89.0M | $42.9M | ||
| Q1 25 | $78.5M | $108.3M | ||
| Q4 24 | $116.9M | $96.6M | ||
| Q3 24 | $119.7M | $61.2M | ||
| Q2 24 | $69.1M | $195.0M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | — | ||
| Q3 25 | 60.9% | — | ||
| Q2 25 | 61.9% | — | ||
| Q1 25 | 60.2% | — | ||
| Q4 24 | 60.7% | — | ||
| Q3 24 | 60.9% | — | ||
| Q2 24 | 61.1% | — |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | 5.6% | ||
| Q3 25 | 20.7% | 6.3% | ||
| Q2 25 | 20.7% | 15.9% | ||
| Q1 25 | 19.6% | 21.4% | ||
| Q4 24 | 28.5% | 18.4% | ||
| Q3 24 | 20.3% | 14.4% | ||
| Q2 24 | 19.0% | 30.3% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 11.3% | ||
| Q3 25 | 14.8% | -2.6% | ||
| Q2 25 | 14.7% | 5.1% | ||
| Q1 25 | 13.5% | 12.4% | ||
| Q4 24 | 19.8% | 10.4% | ||
| Q3 24 | 21.0% | 7.6% | ||
| Q2 24 | 12.1% | 28.1% |
| Q1 26 | $2.73 | — | ||
| Q4 25 | $2.79 | $0.54 | ||
| Q3 25 | $2.17 | $-0.13 | ||
| Q2 25 | $2.09 | $0.27 | ||
| Q1 25 | $1.82 | $0.67 | ||
| Q4 24 | $2.72 | $0.56 | ||
| Q3 24 | $2.77 | $0.40 | ||
| Q2 24 | $1.60 | $1.34 |
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 | $471.4M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.0B | $4.5B |
| Total Assets | $4.0B | $7.5B |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $471.4M | ||
| Q3 25 | $40.3M | $477.9M | ||
| Q2 25 | $38.1M | $338.2M | ||
| Q1 25 | $47.7M | $303.8M | ||
| Q4 24 | $551.0M | $247.3M | ||
| Q3 24 | $48.8M | $391.9M | ||
| Q2 24 | $48.0M | $162.9M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $848.9M | — | ||
| Q2 25 | $838.8M | — | ||
| Q1 25 | $803.7M | — | ||
| Q4 24 | $698.6M | — | ||
| Q3 24 | $864.7M | — | ||
| Q2 24 | $899.6M | — |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $4.5B | ||
| Q3 25 | $1.5B | $4.5B | ||
| Q2 25 | $1.6B | $4.6B | ||
| Q1 25 | $1.6B | $4.7B | ||
| Q4 24 | $1.6B | $4.7B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.4B | $4.0B |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $7.5B | ||
| Q3 25 | $3.6B | $7.6B | ||
| Q2 25 | $3.6B | $7.7B | ||
| Q1 25 | $3.6B | $7.9B | ||
| Q4 24 | $3.5B | $8.0B | ||
| Q3 24 | $3.6B | $8.0B | ||
| Q2 24 | $3.4B | $5.6B |
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 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 | — | $187.1M |
| Free Cash FlowOCF − Capex | $53.6M | $35.4M |
| FCF MarginFCF / Revenue | 8.3% | 4.6% |
| Capex IntensityCapex / Revenue | 5.9% | 19.9% |
| Cash ConversionOCF / Net Profit | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $187.1M | ||
| Q3 25 | $195.7M | $277.1M | ||
| Q2 25 | $99.0M | $216.4M | ||
| Q1 25 | $91.0M | $271.1M | ||
| Q4 24 | $153.4M | $136.2M | ||
| Q3 24 | $191.9M | $283.8M | ||
| Q2 24 | $152.7M | $106.8M |
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $35.4M | ||
| Q3 25 | $160.1M | $139.5M | ||
| Q2 25 | $62.4M | $99.8M | ||
| Q1 25 | $58.8M | $157.5M | ||
| Q4 24 | $112.8M | $-4.4M | ||
| Q3 24 | $155.8M | $156.8M | ||
| Q2 24 | $120.8M | $-34.3M |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | 4.6% | ||
| Q3 25 | 25.9% | 17.5% | ||
| Q2 25 | 10.3% | 11.8% | ||
| Q1 25 | 10.1% | 18.0% | ||
| Q4 24 | 19.1% | -0.5% | ||
| Q3 24 | 27.4% | 19.6% | ||
| Q2 24 | 21.1% | -4.9% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 19.9% | ||
| Q3 25 | 5.8% | 17.3% | ||
| Q2 25 | 6.0% | 13.7% | ||
| Q1 25 | 5.5% | 13.0% | ||
| Q4 24 | 6.9% | 15.2% | ||
| Q3 24 | 6.3% | 15.9% | ||
| Q2 24 | 5.6% | 20.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 2.16× | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 1.11× | 5.05× | ||
| Q1 25 | 1.16× | 2.50× | ||
| Q4 24 | 1.31× | 1.41× | ||
| Q3 24 | 1.60× | 4.64× | ||
| Q2 24 | 2.21× | 0.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MORN
Segment breakdown not available.
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
