Morningstar annual capital expenditures (capex)
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Morningstar Capital Expenditures (CapEx) Growth & History (MORN)
Morningstar's capital expenditures (capex) was $147.1M for fiscal 2025.
View full Morningstar company overviewMorningstar annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $147.1M | $4.4M | +3.08% |
| 2024 | 2024-12-31 | $142.7M | $23.6M | +19.82% |
| 2023 | 2023-12-31 | $119.1M | −$10.4M | −8.03% |
| 2022 | 2022-12-31 | $129.5M | $27.7M | +27.21% |
| 2021 | 2021-12-31 | $101.8M | $25.1M | +32.72% |
| 2020 | 2020-12-31 | $76.7M | −$3.3M | −4.13% |
| 2019 | 2019-12-31 | $80.0M | $3.9M | +5.12% |
| 2018 | 2018-12-31 | $76.1M | $9.5M | +14.26% |
| 2017 | 2017-12-31 | $66.6M | $3.8M | +6.05% |
| 2016 | 2016-12-31 | $62.8M | $5.5M | +9.60% |
| 2015 | 2015-12-31 | $57.3M | −$1.0M | −1.72% |
| 2014 | 2014-12-31 | $58.3M | $24.7M | +73.51% |
| 2013 | 2013-12-31 | $33.6M | $3.6M | +11.85% |
| 2012 | 2012-12-31 | $30.0M | $6.7M | +28.80% |
| 2011 | 2011-12-31 | $23.3M | $8.6M | +57.89% |
| 2010 | 2010-12-31 | $14.8M | $2.4M | +19.39% |
| 2009 | 2009-12-31 | $12.4M | — | — |
Morningstar quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $33.2M | −$3.4M | −9.29% |
| Q1 2026 | 2026-03-31 | $37.9M | $5.7M | +17.70% |
| Q4 2025 | 2025-12-31 | $42.7M | $2.1M | +5.17% |
| Q3 2025 | 2025-09-30 | $35.6M | −$500,000 | −1.39% |
| Q2 2025 | 2025-06-30 | $36.6M | $4.7M | +14.73% |
| Q1 2025 | 2025-03-31 | $32.2M | −$1.9M | −5.57% |
| Q4 2024 | 2024-12-31 | $40.6M | $10.6M | +35.33% |
| Q3 2024 | 2024-09-30 | $36.1M | $6.8M | +23.21% |
| Q2 2024 | 2024-06-30 | $31.9M | $1.6M | +5.28% |
| Q1 2024 | 2024-03-31 | $34.1M | $4.6M | +15.59% |
| Q4 2023 | 2023-12-31 | $30.0M | −$6.1M | −16.90% |
| Q3 2023 | 2023-09-30 | $29.3M | −$4.4M | −13.06% |
| Q2 2023 | 2023-06-30 | $30.3M | −$1.4M | −4.42% |
| Q1 2023 | 2023-03-31 | $29.5M | $1.5M | +5.36% |
| Q4 2022 | 2022-12-31 | $36.1M | $5.9M | +19.54% |
| Q3 2022 | 2022-09-30 | $33.7M | $3.5M | +11.59% |
| Q2 2022 | 2022-06-30 | $31.7M | $13.0M | +69.52% |
| Q1 2022 | 2022-03-31 | $28.0M | $5.3M | +23.35% |
| Q4 2021 | 2021-12-31 | $30.2M | $8.2M | +37.27% |
| Q3 2021 | 2021-09-30 | $30.2M | $7.6M | +33.63% |
| Q2 2021 | 2021-06-30 | $18.7M | $1.7M | +10.00% |
| Q1 2021 | 2021-03-31 | $22.7M | $7.6M | +50.33% |
| Q4 2020 | 2020-12-31 | $22.0M | −$900,000 | −3.93% |
| Q3 2020 | 2020-09-30 | $22.6M | $2.5M | +12.44% |
| Q2 2020 | 2020-06-30 | $17.0M | −$1.3M | −7.10% |
| Q1 2020 | 2020-03-31 | $15.1M | −$3.6M | −19.25% |
| Q4 2019 | 2019-12-31 | $22.9M | $2.0M | +9.57% |
| Q3 2019 | 2019-09-30 | $20.1M | $500,000 | +2.55% |
| Q2 2019 | 2019-06-30 | $18.3M | $300,000 | +1.67% |
| Q1 2019 | 2019-03-31 | $18.7M | $1.1M | +6.25% |
| Q4 2018 | 2018-12-31 | $20.9M | $700,000 | +3.47% |
| Q3 2018 | 2018-09-30 | $19.6M | $6.5M | +49.62% |
| Q2 2018 | 2018-06-30 | $18.0M | −$1.0M | −5.26% |
| Q1 2018 | 2018-03-31 | $17.6M | $3.3M | +23.08% |
| Q4 2017 | 2017-12-31 | $20.2M | $4.9M | +32.03% |
| Q3 2017 | 2017-09-30 | $13.1M | −$5.0M | −27.62% |
| Q2 2017 | 2017-06-30 | $19.0M | $3.1M | +19.50% |
| Q1 2017 | 2017-03-31 | $14.3M | $800,000 | +5.93% |
| Q4 2016 | 2016-12-31 | $15.3M | −$2.1M | −12.07% |
| Q3 2016 | 2016-09-30 | $18.1M | $5.8M | +47.15% |
| Q2 2016 | 2016-06-30 | $15.9M | $2.7M | +20.45% |
| Q1 2016 | 2016-03-31 | $13.5M | −$900,000 | −6.25% |
| Q4 2015 | 2015-12-31 | $17.4M | $1.9M | +12.26% |
| Q3 2015 | 2015-09-30 | $12.3M | $300,000 | +2.50% |
| Q2 2015 | 2015-06-30 | $13.2M | $3.2M | +32.00% |
| Q1 2015 | 2015-03-31 | $14.4M | −$6.4M | −30.77% |
| Q4 2014 | 2014-12-31 | $15.5M | $9.8M | +174.34% |
| Q3 2014 | 2014-09-30 | $12.0M | $2.9M | +32.32% |
| Q2 2014 | 2014-06-30 | $10.0M | $237,000 | +2.43% |
| Q1 2014 | 2014-03-31 | $20.8M | $11.7M | +128.12% |
| Q4 2013 | 2013-12-31 | $5.7M | −$1.5M | −21.12% |
| Q3 2013 | 2013-09-30 | $9.1M | $4.1M | +83.06% |
| Q2 2013 | 2013-06-30 | $9.8M | $835,000 | +9.35% |
| Q1 2013 | 2013-03-31 | $9.1M | $124,000 | +1.38% |
| Q4 2012 | 2012-12-31 | $7.2M | −$1.5M | −17.03% |
| Q3 2012 | 2012-09-30 | $5.0M | −$1.3M | −21.00% |
| Q2 2012 | 2012-06-30 | $8.9M | $5.5M | +164.06% |
| Q1 2012 | 2012-03-31 | $9.0M | $4.0M | +78.56% |
| Q4 2011 | 2011-12-31 | $8.6M | — | — |
| Q3 2011 | 2011-09-30 | $6.3M | $2.4M | +62.38% |
| Q2 2011 | 2011-06-30 | $3.4M | — | — |
| Q1 2011 | 2011-03-31 | $5.0M | — | — |
| Q3 2010 | 2010-09-30 | $3.9M | — | — |
Morningstar capital expenditures (capex) trends
Over the last five fiscal years, Morningstar's capital expenditures (capex) increased from $76.7M to $147.1M, a change of $70.4M. The latest reported quarter, Q2 2026, shows $33.2M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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