YOLFTbeta
Morningstar Inc

Morningstar Inc

MORN · NASDAQ · Financial Services / Financial Data & Stock Exchanges

246.26USD+0.18 (+0.07%)

Price History

Full chart

Market Stats

Previous Close246.08
Open247.30
Day Range244.82 – 249.00
52-Week Range141.06 – 231.07
Volume246.30K
Market Cap7.35B
P/E (TTM)18.63
Forward P/E19.80
EPS10.52
Dividend Yield1.02%
Beta1.00
50-Day Avg199.05
200-Day Avg186.97

About

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.

Company Details

  • SectorFinancial Services
  • IndustryFinancial Data & Stock Exchanges
  • CEOMr. Kunal Kapoor C.F.A., CFA
  • Employees10.97K
  • Headquarters22 West Washington Street, Chicago, IL, United States, 60602, USA
  • Websitehttps://www.morningstar.com

Leadership

  • Mr. Joseph D. MansuetoFounder & Executive Chairman of the Board · b. 1956
  • Mr. Kunal Kapoor C.F.A., CFACEO & Director · b. 1975
  • Mr. Michael John Holt C.F.A.Chief Financial Officer · b. 1980
  • Mr. Conan WiersemaChief Accounting Officer & Principal Accounting Officer · b. 1979
  • Sarah BushDirector of Investor Relations
  • Ms. Kathleen PeacockChief Legal Officer
  • Stephanie LerdallSenior Manager of Media Relations
  • Ms. Marie Trzupek LynchChief People Officer
  • Mr. David W. WilliamsChief Design Officer · b. 1961
  • Mr. Thomas Mark IdzorekHead of Investment Methodology & Economic Research · b. 1971

Financials

Income Statement

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue74.97M91.23M109.62M139.50M179.66M227.11M315.18M435.11M502.46M479.00M555.35M631.40M658.29M698.30M760.10M788.80M798.60M911.70M1.02B1.18B1.39B1.70B1.87B2.04B2.28B2.45B
Growth (%)-+21.68%+20.16%+27.26%+28.79%+26.41%+38.77%+38.05%+15.48%-4.67%+15.94%+13.69%+4.26%+6.08%+8.85%+3.78%+1.24%+14.16%+11.87%+15.60%+17.85%+22.30%+10.08%+8.98%+11.60%+7.49%
Cost of Revenue--39.03M43.52M54.71M64.41M86.97M113.78M130.09M128.62M157.07M235.29M246.78M271.40M318.60M330.10M344.30M386.60M411.10M483.10M556.40M698.40M779.30M843.50M895.70M952.90M
Gross Profit74.97M91.23M70.58M95.97M124.95M162.71M228.20M321.33M372.37M350.38M398.28M396.11M411.50M426.90M441.50M458.70M454.30M525.10M608.80M695.90M833.10M1.00B1.09B1.20B1.38B1.49B
Gross Margin100.00%100.00%64.39%68.80%69.55%71.64%72.40%73.85%74.11%73.15%71.72%62.74%62.51%61.13%58.08%58.15%56.89%57.60%59.69%59.02%59.96%58.90%58.34%58.62%60.63%61.03%
Operating Expense137.05M107.62M78.92M106.73M107.21M116.23M150.67M204.08M233.25M225.71M277.22M257.70M260.84M256.20M335.90M268.10M273.50M355.30M393.00M506.30M617.90M743.90M923.50M964.50M894.60M966.00M
Operating Income-62.07M-16.39M-8.34M-10.75M17.73M46.48M77.53M117.25M139.12M124.67M121.06M138.41M150.67M170.70M105.60M190.60M180.80M169.80M215.80M189.60M215.20M257.00M167.80M230.60M484.80M526.60M
Operating Margin-82.80%-17.97%-7.61%-7.71%9.87%20.47%24.60%26.95%27.69%26.03%21.80%21.92%22.89%24.45%13.89%24.16%22.64%18.62%21.16%16.08%15.49%15.12%8.97%11.31%21.31%21.53%
EBITDA74.97M91.23M-2.79M-3.63M25.96M54.75M92.50M138.51M165.12M159.92M167.74M184.35M197.03M216.40M169.40M258.60M297.10M261.00M331.40M324.90M433.60M409.90M325.60M418.10M731.60M728.90M
EBITDA Margin100.00%100.00%-2.55%-2.60%14.45%24.11%29.35%31.83%32.86%33.39%30.20%29.20%29.93%30.99%22.29%32.78%37.20%28.63%32.49%27.56%31.21%24.12%17.41%20.51%32.16%29.81%
Net Income-28.64M-9.29M446.00K-11.90M8.81M31.12M51.76M73.92M92.53M82.46M86.37M98.36M108.08M123.50M78.30M132.60M161.00M136.90M183.00M152.00M223.60M193.30M70.50M141.10M369.90M374.20M
Net Income Margin-38.20%-10.19%0.41%-8.53%4.90%13.70%16.42%16.99%18.42%17.21%15.55%15.58%16.42%17.69%10.30%16.81%20.16%15.02%17.94%12.89%16.09%11.38%3.77%6.92%16.26%15.30%
R&D--11.88M14.66M16.17M19.65M29.49M35.12M40.34M38.38M49.24M53.16M51.44M0013.00M20.00M30.60M42.80M61.10M53.90M59.90M64.30M81.20M--
R&D as % of Total Revenue--10.84%10.51%9.00%8.65%9.36%8.07%8.03%8.01%8.87%8.42%7.81%0.00%0.00%1.65%2.50%3.36%4.20%5.18%3.88%3.52%3.44%3.98%--
Interest Expense000000000348.00K281.00K1.32M311.00K228.00K500.00K500.00K1.50M5.50M1.80M8.70M11.10M8.70M28.40M51.70M49.90M40.00M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.05%0.21%0.05%0.03%0.07%0.06%0.19%0.60%0.18%0.74%0.80%0.51%1.52%2.54%2.19%1.64%

Balance Sheet

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets133.89M128.74M155.11M183.22M213.36M296.31M447.84M649.31M803.94M919.58M1.09B1.17B1.04B1.03B1.02B1.03B1.35B1.41B1.45B2.37B2.70B2.86B3.47B3.40B3.55B3.59B
Total Liabilities--104.65M135.44M148.98M122.60M178.41M241.00M268.41M242.71M304.88M315.07M315.06M339.38M364.88M388.40M654.10M600.80M519.10M1.29B1.42B1.45B2.27B2.08B1.93B2.37B
Total Equity38.05M35.97M50.46M47.78M64.38M173.71M269.42M408.30M535.53M664.62M780.32M855.37M725.52M690.26M653.50M640.30M696.80M804.90M934.70M1.08B1.27B1.42B1.21B1.33B1.62B1.22B
Cash--44.34M53.51M59.49M92.37M96.14M159.58M173.89M130.50M180.18M200.44M163.89M168.16M185.15M207.10M259.10M308.20M369.30M334.10M422.50M483.80M376.60M337.90M502.70M474.50M
Total Debt----18.00K---------30.00M35.00M321.70M272.00M179.50M687.60M626.70M531.50M1.32B1.16B904.00M1.41B
Net Debt---44.34M-53.51M-59.48M-92.37M-96.14M-159.58M-173.89M-130.50M-180.18M-200.44M-163.89M-168.16M-155.15M-172.10M-9.10M-128.20M-299.30M353.50M204.20M47.70M947.00M822.30M401.30M933.30M

Cash Flow

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-36.17M-5.18M16.54M29.70M32.86M48.45M98.68M112.37M152.45M96.18M123.62M164.98M146.00M186.66M132.22M241.50M213.70M250.10M314.80M334.40M384.30M449.90M297.80M316.40M591.60M589.70M
Investing Cash Flow-20.21M3.13M1.44M-20.48M-20.83M-16.91M-129.00M-102.84M-179.12M-174.68M-87.95M-110.77M80.19M-14.86M-31.22M-79.50M-274.20M-60.80M-49.90M-746.30M-123.80M-167.70M-799.30M-81.90M-21.30M-139.30M
Financing Cash Flow97.15M-1.05M-1.95M-26.00K-6.37M25.26M33.98M52.47M47.63M30.39M12.32M-32.60M-265.18M-166.37M-71.68M-127.50M123.70M-157.50M-188.80M373.70M-182.20M-211.80M415.10M-278.40M-384.40M-514.70M
Capital Expenditure11.07M5.93M5.99M8.61M7.73M7.45M4.72M11.35M48.52M12.37M14.77M23.32M30.04M33.58M58.32M57.30M62.80M66.60M76.10M80.00M76.70M101.80M129.50M119.10M142.70M147.10M
Free Cash Flow-47.24M-11.12M10.55M21.10M25.13M40.99M93.95M101.02M103.93M83.81M108.85M141.65M115.96M153.07M73.90M184.20M150.90M183.50M238.70M254.40M307.60M348.10M168.30M197.30M448.90M442.60M
Dividends Paid----------010.04M25.49M17.43M30.50M33.70M37.90M39.30M42.60M47.80M51.40M54.20M61.50M63.90M69.30M76.90M
FCF to OCF130.61%214.45%63.80%71.03%76.48%84.62%95.21%89.90%68.17%87.14%88.05%85.86%79.42%82.01%55.89%76.27%70.61%73.37%75.83%76.08%80.04%77.37%56.51%62.36%75.88%75.06%
Dividend Paid to FCF----------0.00%7.09%21.98%11.38%41.27%18.30%25.12%21.42%17.85%18.79%16.71%15.57%36.54%32.39%15.44%17.37%

Earnings

Report DateMay 17, 2005Aug 10, 2005Nov 9, 2005Feb 23, 2006May 4, 2006Aug 3, 2006Nov 2, 2006Feb 22, 2007May 3, 2007Aug 2, 2007Nov 1, 2007Feb 21, 2008May 1, 2008Jul 31, 2008Oct 30, 2008Feb 19, 2009Apr 30, 2009Jul 30, 2009Oct 29, 2009Feb 18, 2010Apr 28, 2010Jul 28, 2010Oct 27, 2010Feb 17, 2011Apr 27, 2011Jul 27, 2011Oct 26, 2011Feb 15, 2012Apr 25, 2012Jul 25, 2012Oct 24, 2012Feb 13, 2013Apr 24, 2013Jul 24, 2013Oct 23, 2013Feb 12, 2014Apr 23, 2014Jul 23, 2014Oct 22, 2014Feb 11, 2015Apr 22, 2015Jul 22, 2015Oct 21, 2015Feb 17, 2016Apr 21, 2016Jul 21, 2016Oct 20, 2016Feb 21, 2017Apr 21, 2017Jul 25, 2017Oct 25, 2017Feb 20, 2018Apr 25, 2018Jul 25, 2018Oct 24, 2018Feb 21, 2019Apr 24, 2019Jul 25, 2019Oct 24, 2019Feb 21, 2020Apr 30, 2020Jul 30, 2020Oct 29, 2020Feb 19, 2021Apr 29, 2021Jul 29, 2021Oct 27, 2021Feb 24, 2022May 18, 2022Jul 27, 2022Oct 25, 2022Feb 23, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Feb 22, 2024Apr 24, 2024Jul 24, 2024Oct 23, 2024Feb 20, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Feb 12, 2026Apr 29, 2026Jul 29, 2026Nov 4, 2026
EPS Estimate--0.190.200.210.280.270.280.360.350.390.430.440.490.510.430.390.470.430.420.480.500.470.450.460.570.550.560.510.530.500.560.580.660.610.770.670.660.700.660.680.690.830.800.730.730.770.770.700.58--0.570.690.720.86-0.981.390.940.841.431.551.57-1.76-1.501.411.380.770.580.561.601.281.971.73-2.002.062.062.192.422.172.662.83-
EPS Actual0.090.220.170.220.290.240.290.290.360.510.410.410.470.570.450.390.510.410.450.290.400.360.410.460.440.520.420.550.400.560.560.580.630.660.680.680.580.630.670.710.670.720.760.850.670.730.702.320.420.650.790.660.720.971.320.990.770.981.390.940.841.431.551.571.731.761.381.291.411.170.770.58-0.561.601.281.711.491.602.002.712.232.402.552.713.183.10-
Surprise---10.53%10.00%38.10%-14.29%7.41%3.57%0.00%45.71%5.13%-4.65%6.82%16.33%-11.76%-9.30%30.77%-12.77%4.65%-30.95%-16.67%-28.00%-12.77%2.22%-4.35%-8.77%-23.64%-1.79%-21.57%5.66%12.00%3.57%8.62%0.00%11.48%-11.69%-13.43%-4.55%-4.29%7.58%-1.47%4.35%-8.43%6.25%-8.22%0.00%-9.09%201.30%-40.00%12.07%--26.32%40.58%83.33%15.12%-0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.00%--14.00%0.00%-15.22%0.00%0.00%-200.00%0.00%0.00%-13.23%-13.70%-0.00%31.51%8.25%9.59%5.37%24.88%19.55%9.54%-
Timing------Pre-market-Pre-marketPre-marketPre-market-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hours--------After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-

Key Statistics & Ratios

Market Cap7.35B
Enterprise Value8.70B
Trailing P/E18.63
Forward P/E19.80
PEG Ratio2.31
Price / Sales2.86
Price / Book7.15
EPS10.52
Book Value27.29
Revenue (TTM)2.57B
Gross Profit (TTM)1.60B
EBITDA680.10M
Profit Margin16.43%
Operating Margin24.22%
Return on Equity31.96%
Return on Assets9.63%
Shares Outstanding37.51M
Shares Float19.29M
Beta1.00
Dividend Yield1.02%
Dividend Rate2.00
Payout Ratio17.33%

Analyst Ratings

Buy
Based on 3 analystsTarget 236.67
  • Strong Buy
    1
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
66.60%
Insiders
49.67%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    2.34M6.23%
  • Morgan Stanley - Brokerage Accounts
    1.73M4.61%
  • Wellington Management Company LLP
    1.49M3.98%
  • Vanguard Portfolio Management, LLC
    1.05M2.80%
  • Vanguard Capital Management, LLC
    989.47K2.64%
  • BAMCO Inc
    759.51K2.02%
  • State Street Corp
    735.57K1.96%
  • Los Angeles Capital Management LLC
    645.38K1.72%
  • AQR Capital Management LLC
    623.63K1.66%
  • Geode Capital Management, LLC
    599.22K1.60%
  • Dimensional Fund Advisors, Inc.
    561.86K1.50%
  • Two Sigma Investments LLC
    484.25K1.29%
  • Renaissance Technologies Corp
    448.87K1.20%

Top Fund Holders

  • Baron Partners Retail
    1.89M5.05%
  • Eaton Vance Atlanta Capital SMID-Cap I
    817.10K2.18%
  • iShares Core S&P Mid-Cap ETF
    772.23K2.06%
  • Baron Focused Growth Retail
    728.18K1.94%
  • Vanguard Windsor Investor Shares
    677.93K1.81%
  • Vanguard MStar Total Stk Mkt Idx Invest
    605.60K1.61%
  • Baron Generational Growth Retail
    535.00K1.43%

Dividends

20264×
0.50Oct 2, 20260.50Jul 10, 20260.50Apr 2, 20260.50Jan 2, 2026
20254×
0.46Oct 3, 20250.46Jul 11, 20250.46Apr 4, 20250.46Jan 3, 2025
20244×
0.41Oct 4, 20240.41Jul 12, 20240.41Apr 4, 20240.41Jan 4, 2024
20234×
0.38Oct 5, 20230.38Jul 6, 20230.38Apr 5, 20230.38Jan 5, 2023
20224×
0.36Oct 17, 20220.36Jun 30, 20220.36Mar 31, 20220.36Jan 6, 2022
20213×
0.32Oct 18, 20210.32Jul 8, 20210.32Apr 8, 2021
20201×
0.32Dec 31, 2020