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Side-by-side financial comparison of Morningstar, Inc. (MORN) and Simpson Manufacturing Co., Inc. (SSD). Click either name above to swap in a different company.
Morningstar, Inc. is the larger business by last-quarter revenue ($644.8M vs $588.0M, roughly 1.1× Simpson Manufacturing Co., Inc.). On growth, Morningstar, Inc. posted the faster year-over-year revenue change (10.8% vs 9.1%). Over the past eight quarters, Morningstar, Inc.'s revenue compounded faster (6.2% CAGR vs -0.8%).
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.
Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.
MORN vs SSD — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $588.0M |
| Net Profit | — | $88.2M |
| Gross Margin | 62.9% | 45.2% |
| Operating Margin | 24.2% | 19.5% |
| Net Margin | — | 15.0% |
| Revenue YoY | 10.8% | 9.1% |
| Net Profit YoY | — | 13.3% |
| EPS (diluted) | $2.73 | $2.13 |
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 | $588.0M | ||
| Q4 25 | $641.1M | $539.3M | ||
| Q3 25 | $617.4M | $623.5M | ||
| Q2 25 | $605.1M | $631.1M | ||
| Q1 25 | $581.9M | $538.9M | ||
| Q4 24 | $591.0M | $517.4M | ||
| Q3 24 | $569.4M | $587.2M | ||
| Q2 24 | $571.9M | $597.0M |
| Q1 26 | — | $88.2M | ||
| Q4 25 | $115.1M | $56.2M | ||
| Q3 25 | $91.6M | $107.4M | ||
| Q2 25 | $89.0M | $103.5M | ||
| Q1 25 | $78.5M | $77.9M | ||
| Q4 24 | $116.9M | $55.4M | ||
| Q3 24 | $119.7M | $93.5M | ||
| Q2 24 | $69.1M | $97.8M |
| Q1 26 | 62.9% | 45.2% | ||
| Q4 25 | 61.1% | 43.4% | ||
| Q3 25 | 60.9% | 46.4% | ||
| Q2 25 | 61.9% | 46.7% | ||
| Q1 25 | 60.2% | 46.8% | ||
| Q4 24 | 60.7% | 44.0% | ||
| Q3 24 | 60.9% | 46.8% | ||
| Q2 24 | 61.1% | 46.7% |
| Q1 26 | 24.2% | 19.5% | ||
| Q4 25 | 24.9% | 13.9% | ||
| Q3 25 | 20.7% | 22.6% | ||
| Q2 25 | 20.7% | 22.2% | ||
| Q1 25 | 19.6% | 19.0% | ||
| Q4 24 | 28.5% | 14.8% | ||
| Q3 24 | 20.3% | 21.3% | ||
| Q2 24 | 19.0% | 22.1% |
| Q1 26 | — | 15.0% | ||
| Q4 25 | 18.0% | 10.4% | ||
| Q3 25 | 14.8% | 17.2% | ||
| Q2 25 | 14.7% | 16.4% | ||
| Q1 25 | 13.5% | 14.5% | ||
| Q4 24 | 19.8% | 10.7% | ||
| Q3 24 | 21.0% | 15.9% | ||
| Q2 24 | 12.1% | 16.4% |
| Q1 26 | $2.73 | $2.13 | ||
| Q4 25 | $2.79 | $1.34 | ||
| Q3 25 | $2.17 | $2.58 | ||
| Q2 25 | $2.09 | $2.47 | ||
| Q1 25 | $1.82 | $1.85 | ||
| Q4 24 | $2.72 | $1.31 | ||
| Q3 24 | $2.77 | $2.21 | ||
| Q2 24 | $1.60 | $2.31 |
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 | $341.0M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.0B | $2.1B |
| Total Assets | $4.0B | $3.0B |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | $341.0M | ||
| Q4 25 | $528.7M | $384.1M | ||
| Q3 25 | $40.3M | $297.3M | ||
| Q2 25 | $38.1M | $190.4M | ||
| Q1 25 | $47.7M | $150.3M | ||
| Q4 24 | $551.0M | $239.4M | ||
| Q3 24 | $48.8M | $339.4M | ||
| Q2 24 | $48.0M | $354.9M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | $300.0M | ||
| Q3 25 | $848.9M | $371.3M | ||
| Q2 25 | $838.8M | $376.9M | ||
| Q1 25 | $803.7M | $382.5M | ||
| Q4 24 | $698.6M | $388.1M | ||
| Q3 24 | $864.7M | $393.8M | ||
| Q2 24 | $899.6M | $399.4M |
| Q1 26 | $1.0B | $2.1B | ||
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.9B | ||
| Q2 24 | $1.4B | $1.8B |
| Q1 26 | $4.0B | $3.0B | ||
| Q4 25 | $3.6B | $3.1B | ||
| Q3 25 | $3.6B | $3.0B | ||
| Q2 25 | $3.6B | $3.0B | ||
| Q1 25 | $3.6B | $2.8B | ||
| Q4 24 | $3.5B | $2.7B | ||
| Q3 24 | $3.6B | $2.9B | ||
| Q2 24 | $3.4B | $2.8B |
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | 0.56× | 0.19× | ||
| Q2 25 | 0.52× | 0.20× | ||
| Q1 25 | 0.50× | 0.21× | ||
| Q4 24 | 0.43× | 0.21× | ||
| Q3 24 | 0.55× | 0.21× | ||
| Q2 24 | 0.63× | 0.23× |
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 | — | — |
| Free Cash FlowOCF − Capex | $53.6M | — |
| FCF MarginFCF / Revenue | 8.3% | — |
| Capex IntensityCapex / Revenue | 5.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $155.7M | ||
| Q3 25 | $195.7M | $170.2M | ||
| Q2 25 | $99.0M | $125.2M | ||
| Q1 25 | $91.0M | $7.6M | ||
| Q4 24 | $153.4M | $115.8M | ||
| Q3 24 | $191.9M | $103.3M | ||
| Q2 24 | $152.7M | $111.1M |
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $119.0M | ||
| Q3 25 | $160.1M | $133.9M | ||
| Q2 25 | $62.4M | $87.3M | ||
| Q1 25 | $58.8M | $-42.6M | ||
| Q4 24 | $112.8M | $60.3M | ||
| Q3 24 | $155.8M | $58.1M | ||
| Q2 24 | $120.8M | $70.9M |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | 22.1% | ||
| Q3 25 | 25.9% | 21.5% | ||
| Q2 25 | 10.3% | 13.8% | ||
| Q1 25 | 10.1% | -7.9% | ||
| Q4 24 | 19.1% | 11.7% | ||
| Q3 24 | 27.4% | 9.9% | ||
| Q2 24 | 21.1% | 11.9% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 6.8% | ||
| Q3 25 | 5.8% | 5.8% | ||
| Q2 25 | 6.0% | 6.0% | ||
| Q1 25 | 5.5% | 9.3% | ||
| Q4 24 | 6.9% | 10.7% | ||
| Q3 24 | 6.3% | 7.7% | ||
| Q2 24 | 5.6% | 6.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 2.77× | ||
| Q3 25 | 2.14× | 1.58× | ||
| Q2 25 | 1.11× | 1.21× | ||
| Q1 25 | 1.16× | 0.10× | ||
| Q4 24 | 1.31× | 2.09× | ||
| Q3 24 | 1.60× | 1.10× | ||
| Q2 24 | 2.21× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
