MORN — Morningstar, Inc.

Nasdaq · Financials · Capital Markets · CIK 1289419 ·
Last close
$165.18
Market Cap
$6.28B
52W High
$196.92
52W Low
$141.49
ADV30
486,273
Next earnings
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.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 644,800,000 405,900,000 155,900,000 107,100,000 3,986,300,000 492,800,000 2,967,600,000
Dec 2025 641,100,000 391,900,000 136,900,000 115,100,000 3,590,200,000 474,500,000 2,368,300,000
Sep 2025 617,400,000 375,700,000 127,800,000 91,600,000 3,557,600,000 474,200,000 2,043,600,000
Jun 2025 605,100,000 374,500,000 125,100,000 89,000,000 3,630,500,000 503,500,000 2,016,000,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$590,200,000
Investing CF
$-453,000,000
Financing CF
$-173,700,000
CapEx
$-152,800,000
Dividends Paid
$-77,300,000
Buybacks
$-977,400,000
EPS Diluted TTM
$9.82
As of
2026-05-10

Balance + Analyst (yfinance extras)

Retained Earnings
$2,294,300,000
Inventory
Receivables
$418,000,000
ST Investments
$39,400,000
EBIT TTM
$579,000,000
Pretax Income TTM
$532,300,000
Interest Exp TTM
$46,700,000
Analysts
3

Yahoo Snapshot (yfinance, live)

Total Revenue
$2,508,400,128
EBITDA
$639,600,000
Free Cash Flow
$452,812,512
Enterprise Value
$7,669,838,336
Total Cash
$532,200,000
Total Debt
$1,906,499,968
Shares Out
38,028,018
Trailing EPS
$9.78
Book Value
$26.79
ROE
30.7%
ROA
9.0%
Div Yield
1.21%

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 2,445,500,000 503,900,000 374,200,000 3,590,200,000 2,368,300,000 589,700,000
Dec 2024 2,275,100,000 420,800,000 369,900,000 3,548,900,000 1,930,300,000 591,600,000
Dec 2023 2,038,600,000 230,600,000 141,100,000 3,403,400,000 2,075,600,000 316,400,000
Dec 2022 1,870,600,000 167,800,000 70,500,000 3,474,800,000 2,267,700,000 297,800,000

TTM Snapshot

Revenues TTM
$1,982,000,000
NetIncome TTM
$198,800,000
OpCashFlow TTM
$0
Assets (Latest)
$3,548,900,000
Forward EPS
$13.45

Peers — same industry

TickerNameMarket CapLastDaily %
OWL BLUE OWL CAPITAL INC. $6.33B $9.36
TPG TPG Inc. $6.56B $42.67
MAAS Maase Inc. $6.73B $15.46
VCTR Victory Capital Holdings, Inc. $5.77B $92.24
VIRT Virtu Financial, Inc. $5.73B $65.80

News headlines (Yahoo Finance, 1h cache)

MCO Stock: Collect 9.4% Now, In Exchange For 11% Of Upside
2026-07-10 11:41 · Yahoo
2 Value Stocks to Own for Decades and 1 We Ignore
2026-07-09 08:53 · Yahoo
Investors Shift From Private Credit to Equity Semiliquid Funds
2026-07-09 08:01 · Yahoo
PitchBook’s VC Exit Predictor Now Forecasts When Companies Will Exit
2026-07-09 04:01 · Yahoo
Morningstar drops bombshell warning on AI stocks
2026-07-06 18:33 · Yahoo
SpaceX Stock Is 169% Overvalued According to Experts. Here's Why.
2026-07-04 10:25 · Yahoo
Reading more deeply into the headline risk of alternative investments
2026-07-02 20:17 · Yahoo
Avoiding Sequence Risk: When and How Clients Should Draw From Fixed Income First
2026-07-01 13:30 · Yahoo
2 of Wall Street’s Favorite Stocks Worth Your Attention and 1 We Question
2026-06-30 12:27 · Yahoo
Could Netflix Make A Move After Comcast's Breakup? Morningstar Sees The Possibility
2026-06-30 10:37 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.