vs
Side-by-side financial comparison of Morningstar, Inc. (MORN) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
Morningstar, Inc. is the larger business by last-quarter revenue ($641.1M vs $517.5M, roughly 1.2× WOLVERINE WORLD WIDE INC). Morningstar, Inc. runs the higher net margin — 18.0% vs 6.1%, a 11.8% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 8.5%). Morningstar, Inc. produced more free cash flow last quarter ($161.3M vs $145.6M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% CAGR vs 8.7%).
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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
MORN vs WWW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $641.1M | $517.5M |
| Net Profit | $115.1M | $31.8M |
| Gross Margin | 61.1% | 47.3% |
| Operating Margin | 24.9% | 9.7% |
| Net Margin | 18.0% | 6.1% |
| Revenue YoY | 8.5% | 25.5% |
| Net Profit YoY | -1.5% | 162.8% |
| EPS (diluted) | $2.79 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $641.1M | — | ||
| Q3 25 | $617.4M | $470.3M | ||
| Q2 25 | $605.1M | $474.2M | ||
| Q1 25 | $581.9M | $412.3M | ||
| Q4 24 | $591.0M | $494.7M | ||
| Q3 24 | $569.4M | $440.2M | ||
| Q2 24 | $571.9M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $115.1M | — | ||
| Q3 25 | $91.6M | $25.1M | ||
| Q2 25 | $89.0M | $26.8M | ||
| Q1 25 | $78.5M | $12.1M | ||
| Q4 24 | $116.9M | $23.1M | ||
| Q3 24 | $119.7M | $23.2M | ||
| Q2 24 | $69.1M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 61.1% | — | ||
| Q3 25 | 60.9% | 47.5% | ||
| Q2 25 | 61.9% | 47.2% | ||
| Q1 25 | 60.2% | 47.2% | ||
| Q4 24 | 60.7% | 43.4% | ||
| Q3 24 | 60.9% | 45.1% | ||
| Q2 24 | 61.1% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 24.9% | — | ||
| Q3 25 | 20.7% | 8.4% | ||
| Q2 25 | 20.7% | 8.6% | ||
| Q1 25 | 19.6% | 4.8% | ||
| Q4 24 | 28.5% | 7.4% | ||
| Q3 24 | 20.3% | 7.9% | ||
| Q2 24 | 19.0% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 18.0% | — | ||
| Q3 25 | 14.8% | 5.3% | ||
| Q2 25 | 14.7% | 5.7% | ||
| Q1 25 | 13.5% | 2.9% | ||
| Q4 24 | 19.8% | 4.7% | ||
| Q3 24 | 21.0% | 5.3% | ||
| Q2 24 | 12.1% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $2.79 | — | ||
| Q3 25 | $2.17 | $0.30 | ||
| Q2 25 | $2.09 | $0.32 | ||
| Q1 25 | $1.82 | $0.15 | ||
| Q4 24 | $2.72 | $0.29 | ||
| Q3 24 | $2.77 | $0.28 | ||
| Q2 24 | $1.60 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $528.7M | — |
| Total DebtLower is stronger | — | $621.7M |
| Stockholders' EquityBook value | $1.2B | $408.0M |
| Total Assets | $3.6B | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $528.7M | — | ||
| Q3 25 | $40.3M | — | ||
| Q2 25 | $38.1M | — | ||
| Q1 25 | $47.7M | — | ||
| Q4 24 | $551.0M | — | ||
| Q3 24 | $48.8M | — | ||
| Q2 24 | $48.0M | — |
| Q1 26 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | $848.9M | $676.4M | ||
| Q2 25 | $838.8M | $708.5M | ||
| Q1 25 | $803.7M | $710.8M | ||
| Q4 24 | $698.6M | $648.0M | ||
| Q3 24 | $864.7M | $702.8M | ||
| Q2 24 | $899.6M | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.5B | $376.7M | ||
| Q2 25 | $1.6B | $344.0M | ||
| Q1 25 | $1.6B | $310.6M | ||
| Q4 24 | $1.6B | $312.9M | ||
| Q3 24 | $1.6B | $295.2M | ||
| Q2 24 | $1.4B | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.6B | $1.7B | ||
| Q2 25 | $3.6B | $1.8B | ||
| Q1 25 | $3.6B | $1.7B | ||
| Q4 24 | $3.5B | $1.7B | ||
| Q3 24 | $3.6B | $1.8B | ||
| Q2 24 | $3.4B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.56× | 1.80× | ||
| Q2 25 | 0.52× | 2.06× | ||
| Q1 25 | 0.50× | 2.29× | ||
| Q4 24 | 0.43× | 2.07× | ||
| Q3 24 | 0.55× | 2.38× | ||
| Q2 24 | 0.63× | 3.11× |
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 | $204.0M | $146.2M |
| Free Cash FlowOCF − Capex | $161.3M | $145.6M |
| FCF MarginFCF / Revenue | 25.2% | 28.1% |
| Capex IntensityCapex / Revenue | 6.7% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.77× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $442.6M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $204.0M | — | ||
| Q3 25 | $195.7M | $33.0M | ||
| Q2 25 | $99.0M | $44.6M | ||
| Q1 25 | $91.0M | $-83.8M | ||
| Q4 24 | $153.4M | $82.4M | ||
| Q3 24 | $191.9M | $108.2M | ||
| Q2 24 | $152.7M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $161.3M | — | ||
| Q3 25 | $160.1M | $30.1M | ||
| Q2 25 | $62.4M | $41.2M | ||
| Q1 25 | $58.8M | $-91.4M | ||
| Q4 24 | $112.8M | $74.4M | ||
| Q3 24 | $155.8M | $104.1M | ||
| Q2 24 | $120.8M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 25.2% | — | ||
| Q3 25 | 25.9% | 6.4% | ||
| Q2 25 | 10.3% | 8.7% | ||
| Q1 25 | 10.1% | -22.2% | ||
| Q4 24 | 19.1% | 15.0% | ||
| Q3 24 | 27.4% | 23.6% | ||
| Q2 24 | 21.1% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 6.7% | — | ||
| Q3 25 | 5.8% | 0.6% | ||
| Q2 25 | 6.0% | 0.7% | ||
| Q1 25 | 5.5% | 1.8% | ||
| Q4 24 | 6.9% | 1.6% | ||
| Q3 24 | 6.3% | 0.9% | ||
| Q2 24 | 5.6% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.14× | 1.31× | ||
| Q2 25 | 1.11× | 1.66× | ||
| Q1 25 | 1.16× | -6.93× | ||
| Q4 24 | 1.31× | 3.57× | ||
| Q3 24 | 1.60× | 4.66× | ||
| Q2 24 | 2.21× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MORN
| Pitch Book Segment | $172.6M | 27% |
| Morningstar Credit Segment | $166.7M | 26% |
| Transaction Based | $113.1M | 18% |
| Asset Based | $90.2M | 14% |
| Morningstar Retirement Segment | $38.1M | 6% |
| Morningstar Sustainalytics | $27.8M | 4% |
| Morningstar Indexes | $22.5M | 4% |
| Morningstar Wealth Segment | $2.3M | 0% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
