WK vs. MORN
WK (Workiva Inc.) and MORN (Morningstar, Inc.) are both stocks. WK operates in Software - Application (Technology), while MORN operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, WK returned 14.09%/yr vs 7.88%/yr for MORN. At a 0.36 correlation, their price movements are largely independent.
Performance
WK vs. MORN - Performance Comparison
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Returns By Period
In the year-to-date period, WK achieves a -45.53% return, which is significantly lower than MORN's -27.74% return. Over the past 10 years, WK has outperformed MORN with an annualized return of 14.09%, while MORN has yielded a comparatively lower 7.88% annualized return.
WK
- 1D
- 2.17%
- 1M
- -6.62%
- YTD
- -45.53%
- 6M
- -46.75%
- 1Y
- -29.11%
- 3Y*
- -22.44%
- 5Y*
- -16.27%
- 10Y*
- 14.09%
MORN
- 1D
- 1.83%
- 1M
- -13.04%
- YTD
- -27.74%
- 6M
- -27.75%
- 1Y
- -47.96%
- 3Y*
- -6.27%
- 5Y*
- -8.11%
- 10Y*
- 7.88%
WK vs. MORN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WK Workiva Inc. | -45.53% | -21.23% | 7.85% | 20.91% | -35.65% | 42.43% | 117.88% | 17.16% | 67.71% | 56.78% |
MORN Morningstar, Inc. | -27.74% | -35.05% | 18.29% | 33.10% | -36.31% | 48.23% | 54.54% | 38.93% | 14.34% | 33.38% |
Correlation
The correlation between WK and MORN is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2014 | 0.36 |
The correlation between WK and MORN shifts across timeframes, from 0.36 (all time) to 0.46 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
WK:
$2.75B
MORN:
$6.14B
WK:
$0.25
MORN:
$9.74
WK:
190.83
MORN:
16.04
WK:
2.93
MORN:
2.58
WK:
$925.59M
MORN:
$2.51B
WK:
$734.96M
MORN:
$1.55B
WK:
$30.02M
MORN:
$743.90M
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Return for Risk
WK vs. MORN — Risk / Return Rank
WK
MORN
WK vs. MORN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Workiva Inc. (WK) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WK | MORN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.74 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.95 | +0.39 |
| Martin ratioReturn relative to average drawdown | -1.14 | -1.42 | +0.28 |
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Drawdowns
WK vs. MORN - Drawdown Comparison
The maximum WK drawdown since its inception was -72.45%, which is greater than MORN's maximum drawdown of -67.92%. Use the drawdown chart below to compare losses from any high point for WK and MORN.
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Drawdown Indicators
| WK | MORN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.45% | -67.92% | -4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -52.51% | -50.70% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -61.40% | -56.74% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -72.45% | -56.74% | -15.71% |
Max Drawdown (10Y)Largest decline over 10 years | -72.45% | -56.74% | -15.71% |
Current DrawdownCurrent decline from peak | -70.79% | -55.95% | -14.84% |
Average DrawdownAverage peak-to-trough decline | -26.58% | -18.40% | -8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.64% | 33.87% | -8.23% |
Volatility
WK vs. MORN - Volatility Comparison
The current volatility for Workiva Inc. (WK) is 12.47%, while Morningstar, Inc. (MORN) has a volatility of 15.06%. This indicates that WK 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.
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Volatility by Period
| WK | MORN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.47% | 15.06% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 32.33% | 31.93% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.83% | 35.45% | +16.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.82% | 30.98% | +14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.46% | 27.91% | +15.55% |
Dividends
WK vs. MORN - Dividend Comparison
WK has not paid dividends to shareholders, while MORN's dividend yield for the trailing twelve months is around 1.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | 1.22% | 0.84% | 0.48% | 0.52% | 0.66% | 0.28% | 0.65% | 0.74% | 0.91% | 0.95% | 1.20% | 0.95% |
WK Workiva Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
WK vs. MORN - Financials Comparison
This section allows you to compare key financial metrics between Workiva Inc. and Morningstar, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WK vs. MORN - Profitability Comparison
WK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Workiva Inc. reported a gross profit of 198.76M and revenue of 247.31M. Therefore, the gross margin over that period was 80.4%.
MORN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported a gross profit of 405.90M and revenue of 644.80M. Therefore, the gross margin over that period was 63.0%.
WK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Workiva Inc. reported an operating income of 15.32M and revenue of 247.31M, resulting in an operating margin of 6.2%.
MORN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported an operating income of 900.00K and revenue of 644.80M, resulting in an operating margin of 0.1%.
WK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Workiva Inc. reported a net income of 19.00M and revenue of 247.31M, resulting in a net margin of 7.7%.
MORN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported a net income of 107.10M and revenue of 644.80M, resulting in a net margin of 16.6%.
Frequently Asked Questions
WK and MORN have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MORN has higher volatility (15.06%) compared to WK (12.47%). In terms of maximum drawdown, WK dropped -72.45% vs MORN's -67.92%.
WK currently has the higher Sharpe Ratio (-0.56 vs -1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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