MCO vs. MORN

Last updated Apr 1, 2026

Compare and contrast key facts about Moody's Corporation (MCO) and Morningstar, Inc. (MORN).

Performance

MCO vs. MORN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Moody's Corporation (MCO) and Morningstar, Inc. (MORN). The values are adjusted to include any dividend payments, if applicable.

MCO vs. MORN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MCO Moody's Corporation	-14.42%	8.74%	22.17%	41.52%	-27.80%	35.57%	23.26%	71.26%	-4.10%	58.53%
MORN Morningstar, Inc.	-22.03%	-35.05%	18.29%	33.10%	-36.31%	48.23%	54.54%	38.93%	14.34%	33.38%

Fundamentals

Market Cap MCO : $77.96B MORN : $6.88B
EPS MCO : $13.68 MORN : $8.90
PE Ratio MCO : 31.90 MORN : 18.99
PEG Ratio MCO : 4.16 MORN : 0.38
PS Ratio MCO : 10.16 MORN : 2.89
PB Ratio MCO : 19.23 MORN : 5.63
Total Revenue (TTM) MCO : $7.72B MORN : $2.46B
Gross Profit (TTM) MCO : $5.75B MORN : $1.32B
EBITDA (TTM) MCO : $3.39B MORN : $710.30M

Returns By Period

In the year-to-date period, MCO achieves a -14.42% return, which is significantly higher than MORN's -22.03% return. Over the past 10 years, MCO has outperformed MORN with an annualized return of 17.32%, while MORN has yielded a comparatively lower 7.41% annualized return.

MCO

• 1D: 0.97%
• 1M: -8.46%
• YTD: -14.42%
• 6M: -8.06%
• 1Y: -5.58%
• 3Y*: 13.47%
• 5Y*: 8.29%
• 10Y*: 17.32%

MORN

• 1D: 2.66%
• 1M: -7.69%
• YTD: -22.03%
• 6M: -26.82%
• 1Y: -43.21%
• 3Y*: -5.31%
• 5Y*: -5.64%
• 10Y*: 7.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MCO vs. MORN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MCO

MCO Risk / Return Rank: 33
MCO Sharpe Ratio Rank: 34
MCO Sortino Ratio Rank: 29
MCO Omega Ratio Rank: 29
MCO Calmar Ratio Rank: 37
MCO Martin Ratio Rank: 34

MORN

MORN Risk / Return Rank: 5
MORN Sharpe Ratio Rank: 1
MORN Sortino Ratio Rank: 2
MORN Omega Ratio Rank: 3
MORN Calmar Ratio Rank: 11
MORN Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCO vs. MORN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Moody's Corporation (MCO) and Morningstar, Inc. (MORN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MCO	MORN	Difference
Sharpe ratio Return per unit of total volatility	-0.19	-1.37	+1.18
Sortino ratio Return per unit of downside risk	-0.05	-2.08	+2.02
Omega ratio Gain probability vs. loss probability	0.99	0.74	+0.25
Calmar ratio Return relative to maximum drawdown	-0.20	-0.84	+0.64
Martin ratio Return relative to average drawdown	-0.55	-1.58	+1.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCO vs. MORN - Sharpe Ratio Comparison

The current MCO Sharpe Ratio is -0.19, which is higher than the MORN Sharpe Ratio of -1.37. The chart below compares the historical Sharpe Ratios of MCO and MORN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MCO	MORN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	-1.37	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	-0.19	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.28	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.38	+0.10

Correlation

The correlation between MCO and MORN is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MCO vs. MORN - Dividend Comparison

MCO's dividend yield for the trailing twelve months is around 0.88%, less than MORN's 1.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCO Moody's Corporation	0.88%	0.74%	0.72%	0.79%	1.26%	0.63%	0.77%	0.84%	1.26%	1.03%	1.57%	1.36%
MORN Morningstar, Inc.	1.10%	0.84%	0.48%	0.52%	0.66%	0.28%	0.65%	0.74%	0.91%	0.95%	1.20%	0.95%

Drawdowns

MCO vs. MORN - Drawdown Comparison

The maximum MCO drawdown since its inception was -78.72%, which is greater than MORN's maximum drawdown of -67.92%. Use the drawdown chart below to compare losses from any high point for MCO and MORN.

Drawdown Indicators

	MCO	MORN	Difference
Max Drawdown Largest peak-to-trough decline	-78.72%	-67.92%	-10.80%
Max Drawdown (1Y) Largest decline over 1 year	-23.61%	-50.65%	+27.04%
Max Drawdown (5Y) Largest decline over 5 years	-41.66%	-56.70%	+15.04%
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	-56.70%	+14.68%
Current Drawdown Current decline from peak	-18.98%	-52.47%	+33.49%
Average Drawdown Average peak-to-trough decline	-17.74%	-18.05%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.50%	26.90%	-18.40%

Volatility

MCO vs. MORN - Volatility Comparison

The current volatility for Moody's Corporation (MCO) is 7.59%, while Morningstar, Inc. (MORN) has a volatility of 11.66%. This indicates that MCO experiences smaller price fluctuations and is considered to be less risky than MORN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCO	MORN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.59%	11.66%	-4.07%
Volatility (6M) Calculated over the trailing 6-month period	21.23%	24.03%	-2.80%
Volatility (1Y) Calculated over the trailing 1-year period	30.26%	31.71%	-1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.15%	29.60%	-3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.79%	27.02%	+0.77%

Financials

MCO vs. MORN - Profitability Comparison

The chart below illustrates the profitability comparison between Moody's Corporation and Morningstar, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MCO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Moody's Corporation reported a gross profit of 1.75B and revenue of 1.89B. Therefore, the gross margin over that period was 92.5%.

MORN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Morningstar, Inc. reported a gross profit of 214.70M and revenue of 653.80M. Therefore, the gross margin over that period was 32.8%.

MCO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Moody's Corporation reported an operating income of 709.00M and revenue of 1.89B, resulting in an operating margin of 37.5%.

MORN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Morningstar, Inc. reported an operating income of 147.40M and revenue of 653.80M, resulting in an operating margin of 22.6%.

MCO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Moody's Corporation reported a net income of 610.00M and revenue of 1.89B, resulting in a net margin of 32.3%.

MORN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Morningstar, Inc. reported a net income of 115.10M and revenue of 653.80M, resulting in a net margin of 17.6%.