Morningstar, Inc. MORN R3KFINANCIAL
Company Overview
Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The company offers managed investments, including mutual funds, exchanged traded funds, separate accounts, collective investment trusts, model portfolios, equities, and fixed-income securities; Morningstar Direct, an investment analysis and reporting application; and Morningstar Advisor Workstation, a suite of tools to provide advice to clients. It also provides PitchBook that offers data and research covering the private capital markets comprising venture capital, private equity and credit, bank loans, and merger and acquisition activities through the PitchBook platform; Morningstar Model Portfolios, an advisor service with model portfolios for fee-based financial advisors; Morningstar International Wealth Platform, which offers discretionary asset management services; and Morningstar Investor/Morningstar.com, an individual investor platform and media site. In addition, the company offers credit ratings, research, data, and credit analytics solutions through Morningstar DBRS and Morningstar Credit Analytics agencies. Further, it provides managed retirement accounts, fiduciary services, and custom models; Morningstar Sustainalytics that provides environmental, social and governance data, research, and ratings; and Morningstar Indexes that offers market indexes used for performance benchmarks and as the basis for investment products and other portfolio strategies. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.
Why Investors Should Care
Generates a return on equity of 32.0%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 20.8%.
Maintains a net profit margin of 16.4%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $2.45B (+7.5% YoY).
- Trailing 12 Months Year-on-year growth — revenue +9.6%, earnings +35.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 9.8%, profit CAGR 9.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 9.76% |
| 1 Year: | 9.60% |
Compounded Profit Growth
| 5 Years: | 9.26% |
| 1 Year: | 35.40% |
Stock Price Performance
| 1 Year: | -22.39% |
| 6 Months: | +5.61% |
| 3 Months: | +10.81% |
| 1 Month: | -0.06% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- Golden Cross4d ago
- RSI (14)45.53 · Neutral
P/E of 19.08 is above the sector median of 12.89 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 32.0%.
- Healthy ROCE of 20.8%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MORN Morningstar, Inc. R3KFINANCIAL | 200.53 | 19.08 | $7.52B | 0.99% | 20.76% | 31.96% | 9.76% | 9.26% |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 353.51 | 15.15 | $939.70B | 1.72% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 505.83 | 12.72 | $712.23B | 0.00% | - | 12.12% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 368.64 | 31.35 | $628.20B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 570.89 | 31.44 | $496.37B | 0.62% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPXR3KFINANCIAL | 62.39 | 14.41 | $436.28B | 2.04% | - | 11.20% | 3.14% | 4.27% |
| 7 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 757,791.00 | 12.71 | $370.14B | 0.00% | - | 12.12% | 7.60% | 10.02% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 106.26 | 15.18 | $363.70B | 3.65% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 216.24 | 17.48 | $339.62B | 2.26% | - | 17.97% | 3.76% | 9.66% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 209.50M | 229.20M | 229.90M | - | 243.50M | 252.40M | 261.30M | - | 258.90M | 273.90M | 313.80M | - | 324.00M | 327.90M | 357.20M | - | 392.80M | 415.40M | 428.90M | 457.00M | 470.40M | 468.20M | 479.70M | 504.70M | 515.50M | 542.80M | 571.90M | 569.40M | 581.90M | 605.10M | 617.40M | 644.80M | 663.20M |
| Operating Income | 49.70M | 46.20M | 50.10M | 42.30M | 44.40M | 44.20M | 49.90M | 28.40M | 46.00M | 52.80M | 42.60M | 47.50M | 53.60M | 65.40M | 49.30M | 49.50M | 50.80M | 49.60M | 39.70M | 44.50M | 61.30M | 44.30M | 65.10M | 67.20M | 47.20M | 67.80M | 56.40M | 53.90M | 22.00M | 24.50M | 41.70M | 70.00M | 92.60M | 108.50M | 115.50M | 114.10M | 125.10M | 127.80M | 155.90M | 160.60M |
| Net Income | 32.20M | 33.50M | 37.30M | 28.70M | 31.80M | 30.20M | 70.30M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Diluted EPS | 0.72 | 0.76 | - | 0.67 | 0.73 | 0.70 | - | 0.42 | 1.07 | 0.79 | - | 0.98 | 0.97 | 1.32 | - | 0.77 | 0.98 | 1.14 | - | 0.55 | 1.12 | 1.76 | - | 1.27 | 0.76 | 1.13 | 1.06 | 0.70 | -0.21 | -0.18 | 0.84 | 0.91 | 1.49 | 1.60 | 2.77 | 1.82 | 2.09 | 2.17 | 2.73 | 2.83 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 502.46M | 479.00M | 555.35M | 631.40M | 658.29M | 698.30M | 760.10M | 788.80M | 798.60M | 911.70M | 1.02B | 1.18B | 1.39B | 1.70B | 1.87B | 2.04B | 2.28B | 2.45B |
| Operating Income | 138.88M | 124.67M | 121.06M | 138.41M | 150.67M | 170.70M | 105.60M | 190.60M | 180.80M | 169.80M | 215.80M | 189.60M | 215.20M | 257.00M | 167.80M | 230.60M | 484.80M | 526.60M |
| Net Income | 89.63M | 82.13M | 86.37M | 98.36M | 108.08M | 123.50M | 78.30M | 132.60M | 161.00M | 136.90M | 183.00M | 152.00M | 223.60M | 193.30M | 70.50M | 141.10M | 369.90M | - |
| Diluted EPS | 1.82 | 1.65 | 1.70 | 1.92 | 2.20 | 2.66 | 1.74 | 3.00 | 3.72 | 3.18 | 4.25 | 3.52 | 5.18 | 4.45 | 1.64 | 3.29 | 8.58 | 8.87 |
| R&D Expense | 40.34M | 38.38M | 49.24M | 53.16M | 51.44M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 919.08M | 1.09B | 1.17B | 1.04B | 1.03B | 1.01B | 1.03B | 1.35B | 1.41B | 1.45B | 2.37B | 2.70B | 2.86B | 3.47B | 3.40B | 3.55B | 3.59B |
| Total Equity | 402.42M | 530.25M | 664.62M | 780.32M | 855.37M | 725.52M | 690.26M | 653.50M | 640.30M | 696.50M | 804.90M | 934.70M | 1.08B | 1.27B | 1.42B | 1.21B | 1.33B | 1.62B | 1.22B |
| Cash & Equivalents | 159.58M | 173.89M | 130.50M | 180.18M | 200.44M | 163.90M | 168.20M | 185.20M | 207.10M | 259.10M | 308.20M | 369.30M | 334.10M | 422.50M | 483.80M | 376.60M | 337.90M | 502.70M | 474.50M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | 70.00M | 502.10M | 449.10M | 359.40M | 1.11B | 972.40M | 698.60M | 1.07B |
| Total Liabilities | - | - | 253.29M | 304.88M | 315.07M | 315.06M | 339.38M | 355.90M | 388.40M | 654.10M | 600.80M | 519.10M | 1.29B | 1.42B | 1.45B | 2.27B | 2.08B | 1.93B | 2.37B |
| Current Liabilities | - | - | 207.50M | 252.72M | 270.63M | 257.37M | 269.55M | 293.80M | 304.40M | 294.90M | 323.20M | 362.80M | 495.80M | 626.50M | 783.50M | 882.50M | 880.80M | 967.30M | 1.05B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 149.34M | 101.26M | 123.42M | 164.98M | 146.00M | 186.70M | 136.60M | 241.50M | 213.70M | 250.10M | 314.80M | 334.40M | 384.30M | 449.90M | 297.80M | 316.40M | 591.60M | 589.70M |
| Investing Cash Flow | -179.12M | -174.68M | -87.95M | -110.77M | 80.19M | -14.90M | -31.20M | -79.50M | -274.20M | -60.80M | -49.90M | -746.30M | -123.80M | -167.70M | -799.30M | -81.90M | -21.30M | -139.30M |
| Financing Cash Flow | 50.74M | 25.32M | 12.53M | -32.60M | -265.18M | -166.40M | -76.10M | -127.50M | 123.70M | -157.50M | -188.80M | 373.70M | -182.20M | -211.80M | 415.10M | -278.40M | -384.40M | -514.70M |
| Capital Expenditure | - | -12.37M | -14.77M | -23.32M | -30.04M | -33.60M | -58.30M | -57.30M | -62.80M | -66.60M | -76.10M | -80.00M | -76.70M | -101.80M | -129.50M | -119.10M | -142.70M | -147.10M |
| Free Cash Flow | - | 88.88M | 108.64M | 141.65M | 115.96M | 153.10M | 78.30M | 184.20M | 150.90M | 183.50M | 238.70M | 254.40M | 307.60M | 348.10M | 168.30M | 197.30M | 448.90M | 442.60M |
| Share Buybacks | - | 0 | 3.79M | 40.67M | 251.81M | 153.50M | 76.70M | 97.00M | 48.80M | 42.30M | 20.90M | 4.90M | 41.90M | 1.30M | 226.00M | 1.40M | 11.60M | 787.00M |
| Dividends Paid | - | 0 | 0 | 10.04M | 25.49M | 17.40M | 30.50M | 33.70M | 37.90M | 39.30M | 42.60M | 47.80M | 51.40M | 54.20M | 61.50M | 63.90M | 69.30M | 76.90M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 27.6% | 26.0% | 21.8% | 21.9% | 22.9% | 24.4% | 13.9% | 24.2% | 22.6% | 18.6% | 21.2% | 16.1% | 15.5% | 15.1% | 9.0% | 11.3% | 21.3% | 21.5% |
| Net Margin % | 17.8% | 17.1% | 15.6% | 15.6% | 16.4% | 17.7% | 10.3% | 16.8% | 20.2% | 15.0% | 17.9% | 12.9% | 16.1% | 11.4% | 3.8% | 6.9% | 16.3% | - |
| ROE % | 16.9% | 12.4% | 11.1% | 11.5% | 14.9% | 17.9% | 12.0% | 20.7% | 23.1% | 17.0% | 19.6% | 14.0% | 17.6% | 13.7% | 5.8% | 10.6% | 22.9% | - |
| ROCE % | - | 17.5% | 14.5% | 15.4% | 19.2% | 22.4% | 14.7% | 26.3% | 17.1% | 15.7% | 19.8% | 10.1% | 10.4% | 12.4% | 6.5% | 9.1% | 18.8% | 20.8% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | BAMCO Inc. | 9.33% | 3.50M | $713.23M |
| 2 | Blackrock Inc. | 5.55% | 2.08M | $424.32M |
| 3 | Wellington Management Group, LLP | 3.98% | 1.49M | $304.33M |
| 4 | Morgan Stanley | 3.96% | 1.48M | $302.51M |
| 5 | AQR Capital Management, LLC | 3.48% | 1.30M | $265.87M |
| 6 | Vanguard Portfolio Management LLC | 2.53% | 950.08K | $193.65M |
| 7 | Vanguard Capital Management LLC | 2.38% | 894.41K | $182.31M |
| 8 | State Street Corporation | 1.91% | 716.47K | $146.04M |
| 9 | Geode Capital Management, LLC | 1.54% | 578.32K | $117.88M |
| 10 | Dimensional Fund Advisors LP | 1.50% | 561.86K | $114.52M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MORN
3 Reasons We’re Fans of Morningstar (MORN) - finance.yahoo.com
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Morningstar Stock Price Forecast. Should You Buy MORN? - StockInvest.us
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MORN — Frequently Asked Questions
What is the current share price of Morningstar, Inc. (MORN)?
As of 2026-09-19 21:16 PDT, Morningstar, Inc. (MORN) trades at $200.53 on NasdaqGS. Its 52-week range is $141.41 to $262.45.
What is the market capitalisation of MORN?
Morningstar, Inc. (MORN) has a market capitalisation of $7.52B on NasdaqGS.
What is the P/E ratio of MORN?
MORN trades at a trailing price-to-earnings (P/E) ratio of 19.08. The industry average P/E is 12.89. Its price-to-book (P/B) ratio is 7.47.
Does MORN pay a dividend?
Morningstar, Inc. (MORN) currently offers a dividend yield of 0.99%.
What is the return on equity (ROE) of MORN?
MORN has a return on equity (ROE) of 31.96%. Its return on capital employed (ROCE) is 20.76%.
Is MORN a good stock to buy?
This page provides a data-driven analysis of Morningstar, Inc. (MORN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.