Company Financials

Morningstar, Inc. Financials

United States dollar

business Morningstar, Inc. Company Profile

Main Stock Listing

NASDAQ: MORN

Market Capitalization $8.88 Billion as of Jan. 1, 2026

Market Cap History

Valuations Metrics as of Jan. 3, 2026

Trailing PE 24.75
Forward PE 20.13
Price to Sales TTM $3.83
Price to Book MRQ $5.96
Enterprise to Revenue 3.95
Enterprise to EBITDA 16.68

Financial Reports as of Sep. 30, 2025

Financials

Fiscal Year Ends 2024-12-31
Most Recent Quarter 2025-09-30
Profit Margin 15.70%
Operating Margin 20.70%
Return on Assets TTM 8.27%
Return on Equity TTM 24.42%

Income Statement

Revenue TTM $2,395,399,936
Revenue per Share TTM $56.36
Quarterly Revenue Growth 8.40%
Gross Profit TTM $1,459,500,032
EBITDA $674,800,000
Net Income to Common TTM $376,000,000
Diluted EPS TTM $8.78
Quarterly Earnings Growth YoY -23.50%

Balance Sheet

Total Cash MRQ $514,500,000
Total Cash per Share MRQ $12.51
Total Debt MRQ $
Total Debt to Equity MRQ 68.86
Current Ratio MRQ 1.04
Book Value per Share MRQ $36.48

Cash Flow

Operating Cash Flow TTM $539,100,032
Levered Free Cash Flow TTM $441,437,504

MORN Stock Info as of Jan. 3, 2026

Stock Statistics

Shares Outstanding 41,506,582
Float Shares 20,643,978
Avg 10 Volume 393,790
Avg 30 Volume None
Shares Short 823,059
Short Ratio 2.43
Short % of Shares 3.21%
% Held by Insiders 45.29%
% Held by Institutions 62.71%

Stock Price Summary

Beta 1.11
Fifty Two Week Low $202.89
Fifty Two Week High $335.21
Fifty Two Week Change -54.50%
Day 50 MA $214.75
Day 200 MA $261.69

Dividends and Splits

Forward Annual Dividend Rate $2.00
Forward Annual Dividend Yield 0.95%
Trailing Annual Dividend Rate $1.87
Trailing Annual Dividend Yield 0.89%
Payout Ratio 20.71%
Dividend Date 2026-01-30
Ex Dividend Date 2026-01-02
Last Split Factor
Last Split Date