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Side-by-side financial comparison of Morningstar, Inc. (MORN) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $644.8M, roughly 1.3× Morningstar, Inc.). On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 10.8%). Morningstar, Inc. produced more free cash flow last quarter ($53.6M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
MORN vs ROAD — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $809.5M |
| Net Profit | — | $17.2M |
| Gross Margin | 62.9% | 15.0% |
| Operating Margin | 24.2% | 6.2% |
| Net Margin | — | 2.1% |
| Revenue YoY | 10.8% | 44.1% |
| Net Profit YoY | — | 663.9% |
| EPS (diluted) | $2.73 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $617.4M | $899.8M | ||
| Q2 25 | $605.1M | $779.3M | ||
| Q1 25 | $581.9M | $571.6M | ||
| Q4 24 | $591.0M | $561.6M | ||
| Q3 24 | $569.4M | $538.2M | ||
| Q2 24 | $571.9M | $517.8M |
| Q1 26 | — | — | ||
| Q4 25 | $115.1M | $17.2M | ||
| Q3 25 | $91.6M | $56.6M | ||
| Q2 25 | $89.0M | $44.0M | ||
| Q1 25 | $78.5M | $4.2M | ||
| Q4 24 | $116.9M | $-3.1M | ||
| Q3 24 | $119.7M | $29.3M | ||
| Q2 24 | $69.1M | $30.9M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | 15.0% | ||
| Q3 25 | 60.9% | 17.7% | ||
| Q2 25 | 61.9% | 16.9% | ||
| Q1 25 | 60.2% | 12.5% | ||
| Q4 24 | 60.7% | 13.6% | ||
| Q3 24 | 60.9% | 15.6% | ||
| Q2 24 | 61.1% | 16.1% |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | 6.2% | ||
| Q3 25 | 20.7% | 11.2% | ||
| Q2 25 | 20.7% | 10.6% | ||
| Q1 25 | 19.6% | 4.8% | ||
| Q4 24 | 28.5% | 2.5% | ||
| Q3 24 | 20.3% | 8.5% | ||
| Q2 24 | 19.0% | 8.8% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 2.1% | ||
| Q3 25 | 14.8% | 6.3% | ||
| Q2 25 | 14.7% | 5.7% | ||
| Q1 25 | 13.5% | 0.7% | ||
| Q4 24 | 19.8% | -0.5% | ||
| Q3 24 | 21.0% | 5.4% | ||
| Q2 24 | 12.1% | 6.0% |
| Q1 26 | $2.73 | — | ||
| Q4 25 | $2.79 | $0.31 | ||
| Q3 25 | $2.17 | $1.03 | ||
| Q2 25 | $2.09 | $0.79 | ||
| Q1 25 | $1.82 | $0.08 | ||
| Q4 24 | $2.72 | $-0.06 | ||
| Q3 24 | $2.77 | $0.55 | ||
| Q2 24 | $1.60 | $0.59 |
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 | $104.1M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.0B | $969.1M |
| Total Assets | $4.0B | $3.4B |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $104.1M | ||
| Q3 25 | $40.3M | $156.1M | ||
| Q2 25 | $38.1M | $114.3M | ||
| Q1 25 | $47.7M | $101.9M | ||
| Q4 24 | $551.0M | $132.5M | ||
| Q3 24 | $48.8M | $74.7M | ||
| Q2 24 | $48.0M | $56.3M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $848.9M | $1.6B | ||
| Q2 25 | $838.8M | — | ||
| Q1 25 | $803.7M | — | ||
| Q4 24 | $698.6M | — | ||
| Q3 24 | $864.7M | $515.0M | ||
| Q2 24 | $899.6M | — |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $969.1M | ||
| Q3 25 | $1.5B | $912.0M | ||
| Q2 25 | $1.6B | $853.3M | ||
| Q1 25 | $1.6B | $807.9M | ||
| Q4 24 | $1.6B | $811.1M | ||
| Q3 24 | $1.6B | $573.7M | ||
| Q2 24 | $1.4B | $552.9M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $3.4B | ||
| Q3 25 | $3.6B | $3.2B | ||
| Q2 25 | $3.6B | $2.9B | ||
| Q1 25 | $3.6B | $2.8B | ||
| Q4 24 | $3.5B | $2.6B | ||
| Q3 24 | $3.6B | $1.5B | ||
| Q2 24 | $3.4B | $1.4B |
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.56× | 1.78× | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.55× | 0.90× | ||
| 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 | — | $82.6M |
| Free Cash FlowOCF − Capex | $53.6M | $47.1M |
| FCF MarginFCF / Revenue | 8.3% | 5.8% |
| Capex IntensityCapex / Revenue | 5.9% | 4.4% |
| Cash ConversionOCF / Net Profit | — | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $82.6M | ||
| Q3 25 | $195.7M | $112.0M | ||
| Q2 25 | $99.0M | $83.0M | ||
| Q1 25 | $91.0M | $55.6M | ||
| Q4 24 | $153.4M | $40.7M | ||
| Q3 24 | $191.9M | $95.9M | ||
| Q2 24 | $152.7M | $34.6M |
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $47.1M | ||
| Q3 25 | $160.1M | $78.9M | ||
| Q2 25 | $62.4M | $46.4M | ||
| Q1 25 | $58.8M | $14.2M | ||
| Q4 24 | $112.8M | $13.8M | ||
| Q3 24 | $155.8M | $78.4M | ||
| Q2 24 | $120.8M | $19.7M |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | 5.8% | ||
| Q3 25 | 25.9% | 8.8% | ||
| Q2 25 | 10.3% | 5.9% | ||
| Q1 25 | 10.1% | 2.5% | ||
| Q4 24 | 19.1% | 2.5% | ||
| Q3 24 | 27.4% | 14.6% | ||
| Q2 24 | 21.1% | 3.8% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 4.4% | ||
| Q3 25 | 5.8% | 3.7% | ||
| Q2 25 | 6.0% | 4.7% | ||
| Q1 25 | 5.5% | 7.2% | ||
| Q4 24 | 6.9% | 4.8% | ||
| Q3 24 | 6.3% | 3.3% | ||
| Q2 24 | 5.6% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 4.80× | ||
| Q3 25 | 2.14× | 1.98× | ||
| Q2 25 | 1.11× | 1.88× | ||
| Q1 25 | 1.16× | 13.20× | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 1.60× | 3.27× | ||
| Q2 24 | 2.21× | 1.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
