WallStSmart

Morningstar Inc (MORN)vsNasdaq Inc (NDAQ)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Nasdaq Inc generates 116% more annual revenue ($5.42B vs $2.51B). NDAQ leads profitability with a 35.3% profit margin vs 16.1%. NDAQ appears more attractively valued with a PEG of 2.26. NDAQ earns a higher WallStSmart Score of 69/100 (B-).

MORN

Strong Buy

67

out of 100

Grade: B-

Growth: 7.3Profit: 8.5Value: 5.7Quality: 5.5
Piotroski: 4/9Altman Z: 2.34

NDAQ

Strong Buy

69

out of 100

Grade: B-

Growth: 7.3Profit: 8.5Value: 5.0Quality: 7.0
Piotroski: 7/9Altman Z: 1.35

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MORN4 strengths · Avg: 9.0/10
Return on EquityProfitability
39.5%10/10

Every $100 of equity generates 40 in profit

EPS GrowthGrowth
50.0%10/10

Earnings expanding 50.0% YoY

P/E RatioValuation
17.9x8/10

Attractively priced relative to earnings

Operating MarginProfitability
24.2%8/10

Strong operational efficiency at 24.2%

NDAQ3 strengths · Avg: 9.3/10
Profit MarginProfitability
35.3%10/10

Keeps 35 of every $100 in revenue as profit

Operating MarginProfitability
48.4%10/10

Strong operational efficiency at 48.4%

EPS GrowthGrowth
33.8%8/10

Earnings expanding 33.8% YoY

Areas to Watch

MORN2 concerns · Avg: 3.5/10
PEG RatioValuation
2.314/10

Expensive relative to growth rate

Debt/EquityHealth
1.873/10

Elevated debt levels

NDAQ3 concerns · Avg: 3.3/10
PEG RatioValuation
2.264/10

Expensive relative to growth rate

P/E RatioValuation
26.5x4/10

Moderate valuation

Altman Z-ScoreHealth
1.352/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : MORN

The strongest argument for MORN centers on Return on Equity, EPS Growth, P/E Ratio. Profitability is solid with margins at 16.1% and operating margin at 24.2%. Revenue growth of 10.8% demonstrates continued momentum.

Bull Case : NDAQ

The strongest argument for NDAQ centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 35.3% and operating margin at 48.4%. Revenue growth of 13.7% demonstrates continued momentum.

Bear Case : MORN

The primary concerns for MORN are PEG Ratio, Debt/Equity. Debt-to-equity of 1.87 is elevated, increasing financial risk.

Bear Case : NDAQ

The primary concerns for NDAQ are PEG Ratio, P/E Ratio, Altman Z-Score.

Key Dynamics to Monitor

NDAQ carries more volatility with a beta of 0.99 — expect wider price swings.

NDAQ is growing revenue faster at 13.7% — sustainability is the question.

NDAQ generates stronger free cash flow (629M), providing more financial flexibility.

Monitor FINANCIAL DATA & STOCK EXCHANGES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

NDAQ scores higher overall (69/100 vs 67/100), backed by strong 35.3% margins and 13.7% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Morningstar Inc

FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES · USA

Morningstar, Inc. offers independent investment research services in North America, Europe, Australia, and Asia. The company is headquartered in Chicago, Illinois.

Nasdaq Inc

FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES · USA

Nasdaq, Inc. is an American multinational financial services corporation that owns and operates stock exchanges in the United States and Europe. It is headquartered in New York City.

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