Morningstar (MORN) vs T. Rowe Price Group (TROW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
T. Rowe Price Group (TROW) has outperformed Morningstar (MORN) over the past year, losing 1.6% versus a loss of 11.2%. Over five years, MORN leads with a -26.1% price change compared with -47.9% for TROW. T. Rowe Price Group is the larger company by market cap ($22.23 billion vs $7.61 billion), about 2.9 times the size, while Morningstar is growing revenue faster (+7.5% vs +3.1%).
On valuation, T. Rowe Price Group trades at a lower forward P/E (10.2x vs 14.5x for Morningstar). T. Rowe Price Group offers the higher dividend yield (4.93% vs 0.96%). T. Rowe Price Group converts more of its revenue into profit, with a net margin of 28.5% versus 15.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MORN | TROW |
|---|---|---|
| Share price | $202.74 | $104.23 |
| Market cap | $7.61B | $22.23B |
| 1-day change | +1.04% | +0.15% |
| YTD return | -6.70% | +1.65% |
| 1-year return | -11.17% | -1.62% |
| 5-year return | -26.12% | -47.90% |
| P/E ratio (TTM) | 19.29 | 10.46 |
| Forward P/E | 14.48 | 10.18 |
| EPS (TTM) | $10.51 | $9.96 |
| Dividend yield | 0.96% | 4.93% |
| Annual dividend | $1.96 | $5.14 |
| Revenue (latest FY) | $2.45B | $7.31B |
| Revenue growth (YoY) | +7.49% | +3.12% |
| Net income (latest FY) | $374.20M | $2.09B |
| Gross margin | 61.03% | — |
| Operating margin | 21.53% | 29.92% |
| Net margin | 15.30% | 28.53% |
| 52-week high | $228.95 | $122.00 |
| 52-week low | $141.49 | $85.22 |
| Distance from 52-week high | -11.45% | -14.57% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +16.74% | +2.96% |
| Average volume | 336.48K | 1.68M |
| Shares outstanding | 37.51M | 213.32M |
| Employees | 10,973 | 7,544 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- T. Rowe Price Group is about 2.9 times larger than Morningstar by market value ($22.23B vs $7.61B).
- Morningstar trades at a higher earnings multiple (19.3x vs 10.5x trailing P/E).
- T. Rowe Price Group offers a meaningfully higher dividend yield (4.93% vs 0.96%).
- T. Rowe Price Group is more profitable, keeping 28.5 cents of every revenue dollar as net income versus 15.3 cents for Morningstar.
About Morningstar
MORN stock →Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally.
Finance · Investment Managers · 10,973 employees
About T. Rowe Price Group
TROW stock →T. Rowe Price Group, Inc.
Finance · Investment Managers · 7,544 employees
MORN vs TROW FAQ
Which is bigger, Morningstar or T. Rowe Price Group?
T. Rowe Price Group (TROW) is larger, with a market capitalization of $22.23B compared with $7.61B for Morningstar (MORN).
Which stock has performed better over the past year, MORN or TROW?
TROW returned -1.62% over the past 12 months, compared with -11.17% for MORN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MORN or TROW?
TROW has the lower trailing P/E at 10.5, versus 19.3 for MORN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Morningstar or T. Rowe Price Group?
T. Rowe Price Group has the higher yield at 4.93%, compared with 0.96% for Morningstar.
Are Morningstar and T. Rowe Price Group in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.