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Side-by-side financial comparison of Morningstar, Inc. (MORN) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
Morningstar, Inc. is the larger business by last-quarter revenue ($644.8M vs $334.0M, roughly 1.9× WYNDHAM HOTELS & RESORTS, INC.). On growth, Morningstar, Inc. posted the faster year-over-year revenue change (10.8% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $53.6M). Over the past eight quarters, Morningstar, Inc.'s revenue compounded faster (6.2% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
MORN vs WH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $334.0M |
| Net Profit | — | $-60.0M |
| Gross Margin | 62.9% | — |
| Operating Margin | 24.2% | — |
| Net Margin | — | -18.0% |
| Revenue YoY | 10.8% | -76.3% |
| Net Profit YoY | — | -170.6% |
| EPS (diluted) | $2.73 | $-0.80 |
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 | $334.0M | ||
| Q4 25 | $641.1M | $334.0M | ||
| Q3 25 | $617.4M | $382.0M | ||
| Q2 25 | $605.1M | $397.0M | ||
| Q1 25 | $581.9M | $316.0M | ||
| Q4 24 | $591.0M | $336.0M | ||
| Q3 24 | $569.4M | $396.0M | ||
| Q2 24 | $571.9M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $115.1M | $-60.0M | ||
| Q3 25 | $91.6M | $105.0M | ||
| Q2 25 | $89.0M | $87.0M | ||
| Q1 25 | $78.5M | $61.0M | ||
| Q4 24 | $116.9M | $85.0M | ||
| Q3 24 | $119.7M | $102.0M | ||
| Q2 24 | $69.1M | $86.0M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | — | ||
| Q3 25 | 60.9% | — | ||
| Q2 25 | 61.9% | — | ||
| Q1 25 | 60.2% | — | ||
| Q4 24 | 60.7% | — | ||
| Q3 24 | 60.9% | — | ||
| Q2 24 | 61.1% | — |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | -11.4% | ||
| Q3 25 | 20.7% | 46.6% | ||
| Q2 25 | 20.7% | 37.8% | ||
| Q1 25 | 19.6% | 35.4% | ||
| Q4 24 | 28.5% | 38.4% | ||
| Q3 24 | 20.3% | 43.2% | ||
| Q2 24 | 19.0% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 18.0% | -18.0% | ||
| Q3 25 | 14.8% | 27.5% | ||
| Q2 25 | 14.7% | 21.9% | ||
| Q1 25 | 13.5% | 19.3% | ||
| Q4 24 | 19.8% | 25.3% | ||
| Q3 24 | 21.0% | 25.8% | ||
| Q2 24 | 12.1% | 23.4% |
| Q1 26 | $2.73 | $-0.80 | ||
| Q4 25 | $2.79 | $-0.77 | ||
| Q3 25 | $2.17 | $1.36 | ||
| Q2 25 | $2.09 | $1.13 | ||
| Q1 25 | $1.82 | $0.78 | ||
| Q4 24 | $2.72 | $1.06 | ||
| Q3 24 | $2.77 | $1.29 | ||
| Q2 24 | $1.60 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.0B | $468.0M |
| Total Assets | $4.0B | $4.2B |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | $64.0M | ||
| Q4 25 | $528.7M | $64.0M | ||
| Q3 25 | $40.3M | $70.0M | ||
| Q2 25 | $38.1M | $50.0M | ||
| Q1 25 | $47.7M | $48.0M | ||
| Q4 24 | $551.0M | $103.0M | ||
| Q3 24 | $48.8M | $72.0M | ||
| Q2 24 | $48.0M | $70.0M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | $848.9M | $2.6B | ||
| Q2 25 | $838.8M | $2.5B | ||
| Q1 25 | $803.7M | $2.5B | ||
| Q4 24 | $698.6M | $2.4B | ||
| Q3 24 | $864.7M | $2.4B | ||
| Q2 24 | $899.6M | $2.4B |
| Q1 26 | $1.0B | $468.0M | ||
| Q4 25 | $1.2B | $468.0M | ||
| Q3 25 | $1.5B | $583.0M | ||
| Q2 25 | $1.6B | $570.0M | ||
| Q1 25 | $1.6B | $579.0M | ||
| Q4 24 | $1.6B | $650.0M | ||
| Q3 24 | $1.6B | $583.0M | ||
| Q2 24 | $1.4B | $623.0M |
| Q1 26 | $4.0B | $4.2B | ||
| Q4 25 | $3.6B | $4.2B | ||
| Q3 25 | $3.6B | $4.3B | ||
| Q2 25 | $3.6B | $4.3B | ||
| Q1 25 | $3.6B | $4.2B | ||
| Q4 24 | $3.5B | $4.2B | ||
| Q3 24 | $3.6B | $4.2B | ||
| Q2 24 | $3.4B | $4.2B |
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | 0.56× | 4.43× | ||
| Q2 25 | 0.52× | 4.44× | ||
| Q1 25 | 0.50× | 4.29× | ||
| Q4 24 | 0.43× | 3.72× | ||
| Q3 24 | 0.55× | 4.19× | ||
| Q2 24 | 0.63× | 3.83× |
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 | — | $367.0M |
| Free Cash FlowOCF − Capex | $53.6M | $168.0M |
| FCF MarginFCF / Revenue | 8.3% | 50.3% |
| Capex IntensityCapex / Revenue | 5.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $204.0M | $152.0M | ||
| Q3 25 | $195.7M | $86.0M | ||
| Q2 25 | $99.0M | $70.0M | ||
| Q1 25 | $91.0M | $59.0M | ||
| Q4 24 | $153.4M | $134.0M | ||
| Q3 24 | $191.9M | $79.0M | ||
| Q2 24 | $152.7M | $1.0M |
| Q1 26 | $53.6M | $168.0M | ||
| Q4 25 | $161.3M | $136.0M | ||
| Q3 25 | $160.1M | $75.0M | ||
| Q2 25 | $62.4M | $58.0M | ||
| Q1 25 | $58.8M | $52.0M | ||
| Q4 24 | $112.8M | $109.0M | ||
| Q3 24 | $155.8M | $71.0M | ||
| Q2 24 | $120.8M | $-6.0M |
| Q1 26 | 8.3% | 50.3% | ||
| Q4 25 | 25.2% | 40.7% | ||
| Q3 25 | 25.9% | 19.6% | ||
| Q2 25 | 10.3% | 14.6% | ||
| Q1 25 | 10.1% | 16.5% | ||
| Q4 24 | 19.1% | 32.4% | ||
| Q3 24 | 27.4% | 17.9% | ||
| Q2 24 | 21.1% | -1.6% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 4.8% | ||
| Q3 25 | 5.8% | 2.9% | ||
| Q2 25 | 6.0% | 3.0% | ||
| Q1 25 | 5.5% | 2.2% | ||
| Q4 24 | 6.9% | 7.4% | ||
| Q3 24 | 6.3% | 2.0% | ||
| Q2 24 | 5.6% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.14× | 0.82× | ||
| Q2 25 | 1.11× | 0.80× | ||
| Q1 25 | 1.16× | 0.97× | ||
| Q4 24 | 1.31× | 1.58× | ||
| Q3 24 | 1.60× | 0.77× | ||
| Q2 24 | 2.21× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MORN
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
