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Side-by-side financial comparison of Morningstar, Inc. (MORN) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Morningstar, Inc. is the larger business by last-quarter revenue ($644.8M vs $324.4M, roughly 2.0× Revolve Group, Inc.). On growth, Morningstar, Inc. posted the faster year-over-year revenue change (10.8% vs 10.4%). Morningstar, Inc. produced more free cash flow last quarter ($53.6M vs $-13.3M). Over the past eight quarters, Revolve Group, Inc.'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.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
MORN vs RVLV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $324.4M |
| Net Profit | — | $18.6M |
| Gross Margin | 62.9% | 53.3% |
| Operating Margin | 24.2% | 6.3% |
| Net Margin | — | 5.7% |
| Revenue YoY | 10.8% | 10.4% |
| Net Profit YoY | — | 50.4% |
| EPS (diluted) | $2.73 | $0.27 |
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 | $324.4M | ||
| Q3 25 | $617.4M | $295.6M | ||
| Q2 25 | $605.1M | $309.0M | ||
| Q1 25 | $581.9M | $296.7M | ||
| Q4 24 | $591.0M | $293.7M | ||
| Q3 24 | $569.4M | $283.1M | ||
| Q2 24 | $571.9M | $282.5M |
| Q1 26 | — | — | ||
| Q4 25 | $115.1M | $18.6M | ||
| Q3 25 | $91.6M | $21.2M | ||
| Q2 25 | $89.0M | $10.2M | ||
| Q1 25 | $78.5M | $11.8M | ||
| Q4 24 | $116.9M | $12.3M | ||
| Q3 24 | $119.7M | $11.0M | ||
| Q2 24 | $69.1M | $15.4M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | 53.3% | ||
| Q3 25 | 60.9% | 54.6% | ||
| Q2 25 | 61.9% | 54.1% | ||
| Q1 25 | 60.2% | 52.0% | ||
| Q4 24 | 60.7% | 52.5% | ||
| Q3 24 | 60.9% | 51.2% | ||
| Q2 24 | 61.1% | 54.0% |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | 6.3% | ||
| Q3 25 | 20.7% | 7.1% | ||
| Q2 25 | 20.7% | 5.8% | ||
| Q1 25 | 19.6% | 5.0% | ||
| Q4 24 | 28.5% | 3.9% | ||
| Q3 24 | 20.3% | 5.0% | ||
| Q2 24 | 19.0% | 5.8% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 5.7% | ||
| Q3 25 | 14.8% | 7.2% | ||
| Q2 25 | 14.7% | 3.3% | ||
| Q1 25 | 13.5% | 4.0% | ||
| Q4 24 | 19.8% | 4.2% | ||
| Q3 24 | 21.0% | 3.9% | ||
| Q2 24 | 12.1% | 5.4% |
| Q1 26 | $2.73 | — | ||
| Q4 25 | $2.79 | $0.27 | ||
| Q3 25 | $2.17 | $0.29 | ||
| Q2 25 | $2.09 | $0.14 | ||
| Q1 25 | $1.82 | $0.16 | ||
| Q4 24 | $2.72 | $0.18 | ||
| Q3 24 | $2.77 | $0.15 | ||
| Q2 24 | $1.60 | $0.21 |
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 | $292.3M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.0B | $512.5M |
| Total Assets | $4.0B | $765.0M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $292.3M | ||
| Q3 25 | $40.3M | $315.4M | ||
| Q2 25 | $38.1M | $310.7M | ||
| Q1 25 | $47.7M | $300.8M | ||
| Q4 24 | $551.0M | $256.6M | ||
| Q3 24 | $48.8M | $252.8M | ||
| Q2 24 | $48.0M | $244.7M |
| 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 | $512.5M | ||
| Q3 25 | $1.5B | $490.2M | ||
| Q2 25 | $1.6B | $468.6M | ||
| Q1 25 | $1.6B | $453.4M | ||
| Q4 24 | $1.6B | $437.8M | ||
| Q3 24 | $1.6B | $420.8M | ||
| Q2 24 | $1.4B | $405.8M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $765.0M | ||
| Q3 25 | $3.6B | $751.3M | ||
| Q2 25 | $3.6B | $722.9M | ||
| Q1 25 | $3.6B | $713.9M | ||
| Q4 24 | $3.5B | $665.5M | ||
| Q3 24 | $3.6B | $670.9M | ||
| Q2 24 | $3.4B | $657.8M |
| 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 | — | $-10.2M |
| Free Cash FlowOCF − Capex | $53.6M | $-13.3M |
| FCF MarginFCF / Revenue | 8.3% | -4.1% |
| Capex IntensityCapex / Revenue | 5.9% | 1.0% |
| Cash ConversionOCF / Net Profit | — | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $-10.2M | ||
| Q3 25 | $195.7M | $11.8M | ||
| Q2 25 | $99.0M | $12.6M | ||
| Q1 25 | $91.0M | $45.1M | ||
| Q4 24 | $153.4M | $3.9M | ||
| Q3 24 | $191.9M | $9.1M | ||
| Q2 24 | $152.7M | $-24.7M |
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $-13.3M | ||
| Q3 25 | $160.1M | $7.5M | ||
| Q2 25 | $62.4M | $10.4M | ||
| Q1 25 | $58.8M | $43.4M | ||
| Q4 24 | $112.8M | $2.1M | ||
| Q3 24 | $155.8M | $8.0M | ||
| Q2 24 | $120.8M | $-25.7M |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | -4.1% | ||
| Q3 25 | 25.9% | 2.5% | ||
| Q2 25 | 10.3% | 3.4% | ||
| Q1 25 | 10.1% | 14.6% | ||
| Q4 24 | 19.1% | 0.7% | ||
| Q3 24 | 27.4% | 2.8% | ||
| Q2 24 | 21.1% | -9.1% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 1.0% | ||
| Q3 25 | 5.8% | 1.5% | ||
| Q2 25 | 6.0% | 0.7% | ||
| Q1 25 | 5.5% | 0.6% | ||
| Q4 24 | 6.9% | 0.6% | ||
| Q3 24 | 6.3% | 0.4% | ||
| Q2 24 | 5.6% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | -0.55× | ||
| Q3 25 | 2.14× | 0.56× | ||
| Q2 25 | 1.11× | 1.24× | ||
| Q1 25 | 1.16× | 3.82× | ||
| Q4 24 | 1.31× | 0.32× | ||
| Q3 24 | 1.60× | 0.83× | ||
| Q2 24 | 2.21× | -1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MORN
Segment breakdown not available.
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
