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morningstar inc - MORN

MORN

Close Chg Chg %
302.78 -2.17 -0.72%

Closed Market

300.61

-2.17 (0.72%)

Volume: 522.00K

Last Updated:

Jun 20, 2025, 4:00 PM EDT

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Company Overview: morningstar inc - MORN

MORN Key Data

Open

$302.73

 Day Range

300.07 - 304.25

52 Week Range

250.34 - 365.00

 Market Cap

$12.79B

Shares Outstanding

42.25M

 Public Float

24.89M

Beta

1.02

 Rev. Per Employee

N/A

P/E Ratio

33.99

 EPS

$8.96

Yield

56.81%

 Dividend

$0.46

EX-DIVIDEND DATE

Jul 11, 2025

 SHORT INTEREST

N/A

AVERAGE VOLUME

197.06K

  

MORN Performance

1 Week
 
 0.50%
 
1 Month
 
 -1.15%
 
3 Months
 
 0.84%
 
1 Year
 
 3.21%
 
5 Years
 
 98.37%
 

MORN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 3
Full Ratings ➔

About morningstar inc - MORN

Morningstar, Inc. engages in the provision of investment research. It offers Morningstar data, direct, investment management, advisor workstation, workplace solutions, pitchbook data, enterprise components, research, credit ratings and indexes. It operates through the following segments: Morningstar Data and Analytics, PitchBook, Morningstar Wealth, Morningstar Credit, Morningstar Retirement, and Corporate and All Other. The Morningstar Data and Analytics segment is involved in providing investors data, research and insights, and investment analysis to empower investment decision-making. The PitchBook segment focuses on providing investors with access to a broad collection of data and research covering the private capital markets, including venture capital, private equity, private credit and bank loans, and merger and acquisition activities. The Morningstar Wealth segment refers to model portfolios and wealth platform, practice and portfolio management software for registered investment advisers, data aggregation, enrichment capabilities, and individual investor platform. The Morningstar Credit segment includes credit ratings, research, data, and credit analytics solutions that contribute to the transparency of international and domestic credit markets. The Morningstar Retirement segment offers products designed to help individuals reach retirement goals. The company was founded by Joseph D. Mansueto on May 16, 1984, and is headquartered in Chicago, IL.

MORN At a Glance

Morningstar, Inc.
22 West Washington Street
Chicago, Illinois 60602
Phone 1-312-696-6000 Revenue 2.28B
Industry Investment Managers Net Income 369.90M
Sector Finance 2024 Sales Growth 11.601%
Fiscal Year-end 12 / 2025 Employees 11,085
View SEC Filings

MORN Valuation

P/E Current 33.991
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 39.238
Price to Sales Ratio 6.38
Price to Book Ratio 8.919
Price to Cash Flow Ratio 24.534
Enterprise Value to EBITDA 23.991
Enterprise Value to Sales 6.535
Total Debt to Enterprise Value 0.061

MORN Efficiency

Revenue/Employee 205,241.317
Income Per Employee 33,369.418
Receivables Turnover 6.141
Total Asset Turnover 0.654

MORN Liquidity

Current Ratio 1.008
Quick Ratio 1.008
Cash Ratio 0.57

MORN Profitability

Gross Margin 52.261
Operating Margin 18.87
Pretax Margin 20.83
Net Margin 16.259
Return on Assets 10.641
Return on Equity 25.109
Return on Total Capital 14.663
Return on Invested Capital 15.076

MORN Capital Structure

Total Debt to Total Equity 55.851
Total Debt to Total Capital 35.836
Total Debt to Total Assets 25.473
Long-Term Debt to Equity 53.682
Long-Term Debt to Total Capital 34.445
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Morningstar Inc - MORN

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
1.70B 1.87B 2.04B 2.28B
Sales Growth
+22.30% +10.08% +8.98% +11.60%
Cost of Goods Sold (COGS) incl D&A
849.10M 945.90M 1.03B 1.09B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
150.70M 166.60M 184.90M 190.40M
Depreciation
88.70M 99.90M 114.40M 125.90M
Amortization of Intangibles
62.00M 66.70M 70.50M 64.50M
COGS Growth
+22.01% +11.40% +8.72% +5.61%
Gross Income
850.20M 924.70M 1.01B 1.19B
Gross Income Growth
+22.58% +8.76% +9.25% +17.70%
Gross Profit Margin
+50.03% +49.43% +49.55% +52.26%
2021 2022 2023 2024 5-year trend
SG&A Expense
548.80M 692.50M 757.30M 759.70M
Research & Development
- - - -
-
Other SG&A
548.80M 692.50M 757.30M 759.70M
SGA Growth
+14.72% +26.18% +9.36% +0.32%
Other Operating Expense
- - - -
-
Unusual Expense
44.40M 64.40M 22.30M 8.50M
EBIT after Unusual Expense
257.00M 167.80M 230.60M 420.80M
Non Operating Income/Expense
9.30M (10.70M) 4.20M 103.00M
Non-Operating Interest Income
1.70M 1.70M 9.00M 12.20M
Equity in Earnings of Affiliates
5.40M (3.60M) (19.20M) (17.40M)
Interest Expense
10.40M 30.10M 60.70M 49.90M
Interest Expense Growth
-6.31% +189.42% +101.66% -17.79%
Gross Interest Expense
10.40M 30.10M 60.70M 49.90M
Interest Capitalized
- - - -
-
Pretax Income
255.90M 127.00M 174.10M 473.90M
Pretax Income Growth
-9.67% -50.37% +37.09% +172.20%
Pretax Margin
+15.06% +6.79% +8.54% +20.83%
Income Tax
62.60M 56.50M 33.00M 104.00M
Income Tax - Current - Domestic
51.90M 64.00M 41.10M 104.30M
Income Tax - Current - Foreign
23.00M 30.10M 24.30M 34.30M
Income Tax - Deferred - Domestic
(3.10M) (27.60M) (19.80M) (24.10M)
Income Tax - Deferred - Foreign
(9.20M) (10.00M) (12.60M) (10.50M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
5.40M (3.60M) (19.20M) (17.40M)
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
193.30M 70.50M 141.10M 369.90M
Minority Interest Expense
- - - -
-
Net Income
193.30M 70.50M 141.10M 369.90M
Net Income Growth
-13.55% -63.53% +100.14% +162.15%
Net Margin Growth
+11.38% +3.77% +6.92% +16.26%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
193.30M 70.50M 141.10M 369.90M
Preferred Dividends
- - - -
-
Net Income Available to Common
193.30M 70.50M 141.10M 369.90M
EPS (Basic)
4.4954 1.6549 3.3122 8.6425
EPS (Basic) Growth
-13.75% -63.19% +100.15% +160.93%
Basic Shares Outstanding
43.00M 42.60M 42.60M 42.80M
EPS (Diluted)
4.4539 1.6434 3.289 8.5824
EPS (Diluted) Growth
-13.95% -63.10% +100.13% +160.94%
Diluted Shares Outstanding
43.40M 42.90M 42.90M 43.10M
EBITDA
452.10M 398.80M 437.80M 619.70M
EBITDA Growth
+27.46% -11.79% +9.78% +41.55%
EBITDA Margin
+26.61% +21.32% +21.48% +27.24%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 338.333
Number of Ratings 3 Current Quarters Estimate 2.213
FY Report Date 06 / 2025 Current Year's Estimate 9.057
Last Quarter’s Earnings 2.23 Median PE on CY Estimate N/A
Year Ago Earnings 7.89 Next Fiscal Year Estimate 10.482
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 2 2 3 3
Mean Estimate 2.21 2.35 9.06 10.48
High Estimates 2.39 2.59 9.87 11.61
Low Estimate 2.04 2.12 8.42 9.59
Coefficient of Variance 11.04 14.05 8.21 9.83

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 2 2 2
OVERWEIGHT 0 0 0
HOLD 1 1 0
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Buy

Insider Actions for Morningstar Inc - MORN

Date Name Shares Transaction Value
May 21, 2025 Kunal Kapoor CEO; Director 144,959 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 21, 2025 Caroline J. Tsay Director 4,345 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $309.84 per share 1,346,254.80
May 21, 2025 Caroline J. Tsay Director 4,545 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 21, 2025 Conan Wiersema CAO & PAO 1,477 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 21, 2025 Conan Wiersema CAO & PAO 1,522 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 21, 2025 Conan Wiersema CAO & PAO 1,436 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $306.41 per share 440,004.76
May 21, 2025 Conan Wiersema CAO & PAO 203 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 21, 2025 Conan Wiersema CAO & PAO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 21, 2025 Gail S. Landis Director 6,069 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 21, 2025 Robin Diamonte Director 10,194 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 21, 2025 Cheryl A. Francis Director 35,790 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 21, 2025 Kunal Kapoor CEO; Director 7,477 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 21, 2025 Kunal Kapoor CEO; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 21, 2025 Kunal Kapoor CEO; Director 138,058 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $306.41 per share 42,302,351.78
May 21, 2025 Kunal Kapoor CEO; Director 138,292 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 14, 2025 Joseph D. Mansueto Executive Chairman; Director 10,040,170 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $281.92 per share 2,830,524,726.40
Mar 14, 2025 Joseph D. Mansueto Executive Chairman; Director 10,038,732 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $284.24 per share 2,853,409,183.68
Mar 14, 2025 Joseph D. Mansueto Executive Chairman; Director 10,038,303 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $285.19 per share 2,862,823,632.57
Mar 14, 2025 Joseph D. Mansueto Executive Chairman; Director 10,038,270 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $285.74 per share 2,868,335,269.80
Mar 14, 2025 Joseph D. Mansueto Executive Chairman; Director 10,033,816 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $283.9 per share 2,848,600,362.40

Morningstar Inc in the News