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Side-by-side financial comparison of Morningstar, Inc. (MORN) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $644.8M, roughly 1.4× Morningstar, Inc.). On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 10.8%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $53.6M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% 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.
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
MORN vs NXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $909.4M |
| Net Profit | — | $131.2M |
| Gross Margin | 62.9% | 31.7% |
| Operating Margin | 24.2% | 19.4% |
| Net Margin | — | 14.4% |
| Revenue YoY | 10.8% | 33.9% |
| Net Profit YoY | — | 13.8% |
| EPS (diluted) | $2.73 | $0.85 |
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 | $909.4M | ||
| Q3 25 | $617.4M | $905.3M | ||
| Q2 25 | $605.1M | $864.3M | ||
| Q1 25 | $581.9M | $924.3M | ||
| Q4 24 | $591.0M | $679.4M | ||
| Q3 24 | $569.4M | $635.6M | ||
| Q2 24 | $571.9M | $719.9M |
| Q1 26 | — | — | ||
| Q4 25 | $115.1M | $131.2M | ||
| Q3 25 | $91.6M | $146.9M | ||
| Q2 25 | $89.0M | $157.2M | ||
| Q1 25 | $78.5M | $156.8M | ||
| Q4 24 | $116.9M | $115.3M | ||
| Q3 24 | $119.7M | $115.4M | ||
| Q2 24 | $69.1M | $121.7M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | 31.7% | ||
| Q3 25 | 60.9% | 32.4% | ||
| Q2 25 | 61.9% | 32.6% | ||
| Q1 25 | 60.2% | 33.1% | ||
| Q4 24 | 60.7% | 35.5% | ||
| Q3 24 | 60.9% | 35.4% | ||
| Q2 24 | 61.1% | 33.0% |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | 19.4% | ||
| Q3 25 | 20.7% | 20.0% | ||
| Q2 25 | 20.7% | 21.5% | ||
| Q1 25 | 19.6% | 21.1% | ||
| Q4 24 | 28.5% | 22.1% | ||
| Q3 24 | 20.3% | 21.0% | ||
| Q2 24 | 19.0% | 22.2% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 14.4% | ||
| Q3 25 | 14.8% | 16.2% | ||
| Q2 25 | 14.7% | 18.2% | ||
| Q1 25 | 13.5% | 17.0% | ||
| Q4 24 | 19.8% | 17.0% | ||
| Q3 24 | 21.0% | 18.2% | ||
| Q2 24 | 12.1% | 16.9% |
| Q1 26 | $2.73 | — | ||
| Q4 25 | $2.79 | $0.85 | ||
| Q3 25 | $2.17 | $0.97 | ||
| Q2 25 | $2.09 | $1.04 | ||
| Q1 25 | $1.82 | $1.05 | ||
| Q4 24 | $2.72 | $0.79 | ||
| Q3 24 | $2.77 | $0.79 | ||
| Q2 24 | $1.60 | $0.84 |
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 | $952.6M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.0B | $2.2B |
| Total Assets | $4.0B | $3.8B |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $952.6M | ||
| Q3 25 | $40.3M | $845.3M | ||
| Q2 25 | $38.1M | $743.4M | ||
| Q1 25 | $47.7M | $766.1M | ||
| Q4 24 | $551.0M | $693.5M | ||
| Q3 24 | $48.8M | $561.9M | ||
| Q2 24 | $48.0M | $471.9M |
| 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 | $2.2B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $3.8B | ||
| Q3 25 | $3.6B | $3.7B | ||
| Q2 25 | $3.6B | $3.4B | ||
| Q1 25 | $3.6B | $3.2B | ||
| Q4 24 | $3.5B | $3.0B | ||
| Q3 24 | $3.6B | $2.8B | ||
| Q2 24 | $3.4B | $2.6B |
| 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 | — | $123.3M |
| Free Cash FlowOCF − Capex | $53.6M | $118.5M |
| FCF MarginFCF / Revenue | 8.3% | 13.0% |
| Capex IntensityCapex / Revenue | 5.9% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $123.3M | ||
| Q3 25 | $195.7M | $186.9M | ||
| Q2 25 | $99.0M | $81.3M | ||
| Q1 25 | $91.0M | $237.3M | ||
| Q4 24 | $153.4M | $143.8M | ||
| Q3 24 | $191.9M | $153.8M | ||
| Q2 24 | $152.7M | $120.8M |
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $118.5M | ||
| Q3 25 | $160.1M | $171.4M | ||
| Q2 25 | $62.4M | $70.1M | ||
| Q1 25 | $58.8M | $227.2M | ||
| Q4 24 | $112.8M | $134.9M | ||
| Q3 24 | $155.8M | $141.8M | ||
| Q2 24 | $120.8M | $118.0M |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | 13.0% | ||
| Q3 25 | 25.9% | 18.9% | ||
| Q2 25 | 10.3% | 8.1% | ||
| Q1 25 | 10.1% | 24.6% | ||
| Q4 24 | 19.1% | 19.9% | ||
| Q3 24 | 27.4% | 22.3% | ||
| Q2 24 | 21.1% | 16.4% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 0.5% | ||
| Q3 25 | 5.8% | 1.7% | ||
| Q2 25 | 6.0% | 1.3% | ||
| Q1 25 | 5.5% | 1.1% | ||
| Q4 24 | 6.9% | 1.3% | ||
| Q3 24 | 6.3% | 1.9% | ||
| Q2 24 | 5.6% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 0.94× | ||
| Q3 25 | 2.14× | 1.27× | ||
| Q2 25 | 1.11× | 0.52× | ||
| Q1 25 | 1.16× | 1.51× | ||
| Q4 24 | 1.31× | 1.25× | ||
| Q3 24 | 1.60× | 1.33× | ||
| Q2 24 | 2.21× | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MORN
Segment breakdown not available.
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
