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Side-by-side financial comparison of Morningstar, Inc. (MORN) and SERVICE CORP INTERNATIONAL (SCI). Click either name above to swap in a different company.
SERVICE CORP INTERNATIONAL is the larger business by last-quarter revenue ($1.1B vs $644.8M, roughly 1.7× Morningstar, Inc.). On growth, Morningstar, Inc. posted the faster year-over-year revenue change (10.8% vs 1.7%). SERVICE CORP INTERNATIONAL produced more free cash flow last quarter ($87.2M vs $53.6M). Over the past eight quarters, Morningstar, Inc.'s revenue compounded faster (6.2% CAGR vs 3.1%).
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.
International Distribution Services Limited is a British company providing postal and courier services. IDS was created in 2013 by the UK government as a new holding company of Royal Mail, and a majority of its shares were then sold on the London Stock Exchange, with the government initially retaining a 30 per cent at the time. As of April 2025, IDS is owned and operated by Czech-based EP Group, owned by Daniel Křetínský.
MORN vs SCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $1.1B |
| Net Profit | — | $159.4M |
| Gross Margin | 62.9% | 28.0% |
| Operating Margin | 24.2% | 24.8% |
| Net Margin | — | 14.3% |
| Revenue YoY | 10.8% | 1.7% |
| Net Profit YoY | — | 5.3% |
| EPS (diluted) | $2.73 | $1.13 |
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 | $1.1B | ||
| Q3 25 | $617.4M | $1.1B | ||
| Q2 25 | $605.1M | $1.1B | ||
| Q1 25 | $581.9M | $1.1B | ||
| Q4 24 | $591.0M | $1.1B | ||
| Q3 24 | $569.4M | $1.0B | ||
| Q2 24 | $571.9M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | $115.1M | $159.4M | ||
| Q3 25 | $91.6M | $117.5M | ||
| Q2 25 | $89.0M | $122.9M | ||
| Q1 25 | $78.5M | $142.9M | ||
| Q4 24 | $116.9M | $151.4M | ||
| Q3 24 | $119.7M | $117.8M | ||
| Q2 24 | $69.1M | $118.2M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | 28.0% | ||
| Q3 25 | 60.9% | 25.1% | ||
| Q2 25 | 61.9% | 25.5% | ||
| Q1 25 | 60.2% | 27.1% | ||
| Q4 24 | 60.7% | 28.0% | ||
| Q3 24 | 60.9% | 24.9% | ||
| Q2 24 | 61.1% | 24.9% |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | 24.8% | ||
| Q3 25 | 20.7% | 21.4% | ||
| Q2 25 | 20.7% | 21.1% | ||
| Q1 25 | 19.6% | 23.4% | ||
| Q4 24 | 28.5% | 24.0% | ||
| Q3 24 | 20.3% | 20.9% | ||
| Q2 24 | 19.0% | 21.4% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 14.3% | ||
| Q3 25 | 14.8% | 11.1% | ||
| Q2 25 | 14.7% | 11.5% | ||
| Q1 25 | 13.5% | 13.3% | ||
| Q4 24 | 19.8% | 13.8% | ||
| Q3 24 | 21.0% | 11.6% | ||
| Q2 24 | 12.1% | 11.4% |
| Q1 26 | $2.73 | — | ||
| Q4 25 | $2.79 | $1.13 | ||
| Q3 25 | $2.17 | $0.83 | ||
| Q2 25 | $2.09 | $0.86 | ||
| Q1 25 | $1.82 | $0.98 | ||
| Q4 24 | $2.72 | $1.02 | ||
| Q3 24 | $2.77 | $0.81 | ||
| Q2 24 | $1.60 | $0.81 |
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 | $243.6M |
| Total DebtLower is stronger | $1.7B | $5.1B |
| Stockholders' EquityBook value | $1.0B | $1.6B |
| Total Assets | $4.0B | $18.7B |
| Debt / EquityLower = less leverage | 1.68× | 3.10× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $243.6M | ||
| Q3 25 | $40.3M | $241.3M | ||
| Q2 25 | $38.1M | $255.4M | ||
| Q1 25 | $47.7M | $227.2M | ||
| Q4 24 | $551.0M | $218.8M | ||
| Q3 24 | $48.8M | $185.4M | ||
| Q2 24 | $48.0M | $184.4M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | $848.9M | $5.0B | ||
| Q2 25 | $838.8M | $5.0B | ||
| Q1 25 | $803.7M | $4.7B | ||
| Q4 24 | $698.6M | $4.8B | ||
| Q3 24 | $864.7M | $4.7B | ||
| Q2 24 | $899.6M | $4.7B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.6B | $1.6B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $18.7B | ||
| Q3 25 | $3.6B | $18.4B | ||
| Q2 25 | $3.6B | $18.0B | ||
| Q1 25 | $3.6B | $17.3B | ||
| Q4 24 | $3.5B | $17.4B | ||
| Q3 24 | $3.6B | $17.4B | ||
| Q2 24 | $3.4B | $16.8B |
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | 3.10× | ||
| Q3 25 | 0.56× | 3.17× | ||
| Q2 25 | 0.52× | 3.19× | ||
| Q1 25 | 0.50× | 2.87× | ||
| Q4 24 | 0.43× | 2.83× | ||
| Q3 24 | 0.55× | 2.92× | ||
| Q2 24 | 0.63× | 3.05× |
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 | — | $212.9M |
| Free Cash FlowOCF − Capex | $53.6M | $87.2M |
| FCF MarginFCF / Revenue | 8.3% | 7.8% |
| Capex IntensityCapex / Revenue | 5.9% | 11.3% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | $554.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $212.9M | ||
| Q3 25 | $195.7M | $252.3M | ||
| Q2 25 | $99.0M | $166.4M | ||
| Q1 25 | $91.0M | $311.1M | ||
| Q4 24 | $153.4M | $264.1M | ||
| Q3 24 | $191.9M | $263.8M | ||
| Q2 24 | $152.7M | $196.9M |
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $87.2M | ||
| Q3 25 | $160.1M | $150.7M | ||
| Q2 25 | $62.4M | $83.4M | ||
| Q1 25 | $58.8M | $233.0M | ||
| Q4 24 | $112.8M | $151.8M | ||
| Q3 24 | $155.8M | $162.8M | ||
| Q2 24 | $120.8M | $100.8M |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | 7.8% | ||
| Q3 25 | 25.9% | 14.2% | ||
| Q2 25 | 10.3% | 7.8% | ||
| Q1 25 | 10.1% | 21.7% | ||
| Q4 24 | 19.1% | 13.9% | ||
| Q3 24 | 27.4% | 16.1% | ||
| Q2 24 | 21.1% | 9.7% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 11.3% | ||
| Q3 25 | 5.8% | 9.6% | ||
| Q2 25 | 6.0% | 7.8% | ||
| Q1 25 | 5.5% | 7.3% | ||
| Q4 24 | 6.9% | 10.3% | ||
| Q3 24 | 6.3% | 10.0% | ||
| Q2 24 | 5.6% | 9.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 1.34× | ||
| Q3 25 | 2.14× | 2.15× | ||
| Q2 25 | 1.11× | 1.35× | ||
| Q1 25 | 1.16× | 2.18× | ||
| Q4 24 | 1.31× | 1.75× | ||
| Q3 24 | 1.60× | 2.24× | ||
| Q2 24 | 2.21× | 1.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MORN
Segment breakdown not available.
SCI
| Cemetery | $510.9M | 46% |
| Funeral Matured Preneed Revenue | $196.5M | 18% |
| Cemetery Recognized Preneed Merchandise And Service Revenue | $107.4M | 10% |
| Cemetery Atneed Revenue | $104.9M | 9% |
| CA | $56.4M | 5% |
| Funeral Other Revenue | $54.6M | 5% |
| Cemetery Other Revenue | $40.2M | 4% |
| Nonfuneral Home Revenue | $28.1M | 3% |
| Non Funeral Home Preneed Sales Revenue | $22.0M | 2% |
