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Side-by-side financial comparison of Morningstar, Inc. (MORN) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Morningstar, Inc. is the larger business by last-quarter revenue ($644.8M vs $339.5M, roughly 1.9× Westrock Coffee Co). On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 10.8%). Morningstar, Inc. produced more free cash flow last quarter ($53.6M vs $27.8M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% 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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
MORN vs WEST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $339.5M |
| Net Profit | — | $-22.6M |
| Gross Margin | 62.9% | 11.5% |
| Operating Margin | 24.2% | -2.6% |
| Net Margin | — | -6.6% |
| Revenue YoY | 10.8% | 48.3% |
| Net Profit YoY | — | 8.3% |
| EPS (diluted) | $2.73 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $617.4M | $354.8M | ||
| Q2 25 | $605.1M | $280.9M | ||
| Q1 25 | $581.9M | $213.8M | ||
| Q4 24 | $591.0M | $229.0M | ||
| Q3 24 | $569.4M | $220.9M | ||
| Q2 24 | $571.9M | $208.4M |
| Q1 26 | — | — | ||
| Q4 25 | $115.1M | $-22.6M | ||
| Q3 25 | $91.6M | $-19.1M | ||
| Q2 25 | $89.0M | $-21.6M | ||
| Q1 25 | $78.5M | $-27.2M | ||
| Q4 24 | $116.9M | $-24.6M | ||
| Q3 24 | $119.7M | $-14.3M | ||
| Q2 24 | $69.1M | $-17.8M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | 11.5% | ||
| Q3 25 | 60.9% | 11.7% | ||
| Q2 25 | 61.9% | 14.7% | ||
| Q1 25 | 60.2% | 13.6% | ||
| Q4 24 | 60.7% | 16.6% | ||
| Q3 24 | 60.9% | 16.8% | ||
| Q2 24 | 61.1% | 19.9% |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | -2.6% | ||
| Q3 25 | 20.7% | -2.4% | ||
| Q2 25 | 20.7% | -5.3% | ||
| Q1 25 | 19.6% | -6.1% | ||
| Q4 24 | 28.5% | -4.3% | ||
| Q3 24 | 20.3% | -5.8% | ||
| Q2 24 | 19.0% | -7.9% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | -6.6% | ||
| Q3 25 | 14.8% | -5.4% | ||
| Q2 25 | 14.7% | -7.7% | ||
| Q1 25 | 13.5% | -12.7% | ||
| Q4 24 | 19.8% | -10.7% | ||
| Q3 24 | 21.0% | -6.5% | ||
| Q2 24 | 12.1% | -8.5% |
| Q1 26 | $2.73 | — | ||
| Q4 25 | $2.79 | $-0.22 | ||
| Q3 25 | $2.17 | $-0.20 | ||
| Q2 25 | $2.09 | $-0.23 | ||
| Q1 25 | $1.82 | $-0.29 | ||
| Q4 24 | $2.72 | $-0.26 | ||
| Q3 24 | $2.77 | $-0.16 | ||
| Q2 24 | $1.60 | $-0.20 |
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 | $49.9M |
| Total DebtLower is stronger | $1.7B | $444.1M |
| Stockholders' EquityBook value | $1.0B | $-1.9M |
| Total Assets | $4.0B | $1.2B |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $49.9M | ||
| Q3 25 | $40.3M | $34.0M | ||
| Q2 25 | $38.1M | $44.0M | ||
| Q1 25 | $47.7M | $33.1M | ||
| Q4 24 | $551.0M | $26.2M | ||
| Q3 24 | $48.8M | $22.4M | ||
| Q2 24 | $48.0M | $24.3M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | $444.1M | ||
| Q3 25 | $848.9M | — | ||
| Q2 25 | $838.8M | — | ||
| Q1 25 | $803.7M | — | ||
| Q4 24 | $698.6M | $393.1M | ||
| Q3 24 | $864.7M | — | ||
| Q2 24 | $899.6M | — |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $-1.9M | ||
| Q3 25 | $1.5B | $11.4M | ||
| Q2 25 | $1.6B | $18.2M | ||
| Q1 25 | $1.6B | $71.4M | ||
| Q4 24 | $1.6B | $97.5M | ||
| Q3 24 | $1.6B | $110.3M | ||
| Q2 24 | $1.4B | $81.5M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $1.2B | ||
| Q3 25 | $3.6B | $1.2B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.6B | $1.1B | ||
| Q4 24 | $3.5B | $1.1B | ||
| Q3 24 | $3.6B | $1.1B | ||
| Q2 24 | $3.4B | $1.1B |
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.43× | 4.03× | ||
| 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 | — | $36.7M |
| Free Cash FlowOCF − Capex | $53.6M | $27.8M |
| FCF MarginFCF / Revenue | 8.3% | 8.2% |
| Capex IntensityCapex / Revenue | 5.9% | 2.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $36.7M | ||
| Q3 25 | $195.7M | $-26.6M | ||
| Q2 25 | $99.0M | $-7.0M | ||
| Q1 25 | $91.0M | $-22.1M | ||
| Q4 24 | $153.4M | $2.8M | ||
| Q3 24 | $191.9M | $-332.0K | ||
| Q2 24 | $152.7M | $-23.7M |
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $27.8M | ||
| Q3 25 | $160.1M | $-44.7M | ||
| Q2 25 | $62.4M | $-27.5M | ||
| Q1 25 | $58.8M | $-63.4M | ||
| Q4 24 | $112.8M | $-15.4M | ||
| Q3 24 | $155.8M | $-36.7M | ||
| Q2 24 | $120.8M | $-59.9M |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | 8.2% | ||
| Q3 25 | 25.9% | -12.6% | ||
| Q2 25 | 10.3% | -9.8% | ||
| Q1 25 | 10.1% | -29.7% | ||
| Q4 24 | 19.1% | -6.7% | ||
| Q3 24 | 27.4% | -16.6% | ||
| Q2 24 | 21.1% | -28.7% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 2.6% | ||
| Q3 25 | 5.8% | 5.1% | ||
| Q2 25 | 6.0% | 7.3% | ||
| Q1 25 | 5.5% | 19.3% | ||
| Q4 24 | 6.9% | 7.9% | ||
| Q3 24 | 6.3% | 16.5% | ||
| Q2 24 | 5.6% | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 2.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MORN
Segment breakdown not available.
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
