MORN
Morningstar, Inc.Company Information
- Company Name
- Morningstar, Inc.
- CIK
- CIK0001289419
- Category
- Large accelerated filer
- Ticker: Exchange
- MORN: Nasdaq
- Fiscal Year End
- December 31
- Owner Organization
- 02 Finance
- SIC
- 6282
- SIC Description
- Investment Advice
- Ticker
- MORN
SEC filing data through
Insider Sentiment
- Last purchase
- 2026-03-04
- Last sale
- 2026-08-24
- Shares purchased (TTM)
- 1,000
- Shares sold (TTM)
- 183,748
Institutional Sentiment
- As of
- 2026-06-30
- Institutional shares owned
- 24,083,742
- Shares outstanding
- 37,800,000
- Ownership
- 63.71%
Earnings Market Reaction
- Filing date
- 2026-07-29
- Price on filing date
- —
- 1-month reaction
- …
- 3-month reaction
- …
Balance Sheet
Values in millions ($)| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets Current | ||||||||||||||||||
| Cash And Cash Equivalents At Carrying Value | 490 | 493 | 475 | 474 | 504 | 512 | 503 | 553 | 391 | 354 | 338 | 325 | ||||||
| Marketable Securities Current | 34 | 39 | 54 | 40 | 38 | 48 | 48 | 49 | 48 | 55 | 51 | 39 | ||||||
| Accounts Receivable Net Current | 383 | 403 | 390 | 364 | 384 | 342 | 358 | 328 | 336 | 326 | 344 | 298 | ||||||
| Income Taxes Receivable | 13 | 15 | 16 | 13 | 18 | 9 | 12 | 0 | 0 | 0 | 1 | 9 | ||||||
| Capitalized Contract Cost Net Current | 34 | 37 | 35 | 35 | 39 | 37 | 39 | 41 | 41 | 42 | 42 | 42 | ||||||
| Prepaid Expense Current | 57 | 57 | 43 | 42 | 49 | 54 | 42 | 44 | 45 | 49 | 35 | 41 | ||||||
| Other Assets Current | 25 | 20 | 25 | 11 | 11 | 11 | 11 | 8 | 14 | 5 | 5 | 5 | ||||||
| Assets Current | 1,035 | 1,063 | 1,038 | 979 | 1,042 | 1,012 | 1,014 | 1,023 | 876 | 831 | 816 | 758 | ||||||
| Goodwill | 1,746 | 1,747 | 1,611 | 1,615 | 1,618 | 1,601 | 1,562 | 1,580 | 1,570 | 1,574 | 1,579 | 1,569 | ||||||
| Finite Lived Intangible Assets Net | 569 | 591 | 379 | 396 | 413 | 420 | 409 | 433 | 443 | 463 | 484 | 495 | ||||||
| Property Plant And Equipment Net | 240 | 235 | 232 | 226 | 226 | 222 | 219 | 212 | 210 | 211 | 208 | 204 | ||||||
| Operating Lease Right Of Use Asset | 165 | 166 | 159 | 164 | 165 | 172 | 181 | 158 | 148 | 157 | 164 | 163 | ||||||
| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 50 | 50 | 50 | 72 | 77 | 76 | 85 | 96 | 97 | 96 | 100 | 105 | ||||||
| Deferred Income Tax Assets Net | 91 | 86 | 79 | 66 | 52 | 46 | 43 | 31 | 24 | 20 | 15 | 10 | ||||||
| Capitalized Contract Cost Net Noncurrent | 29 | 30 | 30 | 30 | 29 | 28 | 27 | 28 | 28 | 30 | 29 | 30 | ||||||
| Other Assets Noncurrent | 22 | 18 | 12 | 10 | 9 | 9 | 9 | 7 | 7 | 8 | 9 | 9 | ||||||
| Assets | 3,946 | 3,986 | 3,590 | 3,558 | 3,631 | 3,586 | 3,549 | 3,566 | 3,404 | 3,389 | 3,403 | 3,344 | ||||||
Liabilities Current | ||||||||||||||||||
| Deferred Revenue Current | 628 | 669 | 586 | 564 | 594 | 595 | 541 | 540 | 548 | 565 | 518 | 487 | ||||||
| Employee Related Liabilities Current | 181 | 145 | 294 | 231 | 180 | 133 | 272 | 216 | 166 | 123 | 214 | 181 | ||||||
| Short Term Borrowings | 18 | 18 | - | - | - | - | - | 0 | 0 | 32 | - | 32 | ||||||
| Operating Lease Liability Current | 42 | 43 | 42 | 40 | 39 | 38 | 35 | 32 | 32 | 35 | 36 | 36 | ||||||
| Debt Current | - | - | - | - | - | - | 0 | - | - | - | 32 | - | ||||||
| Taxes Payable Current | 15 | 43 | 24 | 10 | 8 | 47 | 31 | - | - | - | 0 | - | ||||||
| Business Combination Contingent Consideration Liability | - | - | - | - | - | - | - | - | - | - | 0 | 0 | ||||||
| Other Liabilities Current | 4 | 8 | 9 | 11 | 10 | 7 | 1 | 28 | 14 | 20 | 2 | 4 | ||||||
| Liabilities Current | 980 | 1,031 | 1,053 | 946 | 921 | 912 | 967 | 896 | 837 | 847 | 881 | 810 | ||||||
| Operating Lease Liability Noncurrent | 150 | 151 | 147 | 154 | 156 | 162 | 170 | 146 | 137 | 144 | 151 | 149 | ||||||
| Deferred Income Tax Liabilities Net | 22 | 22 | 27 | 27 | 30 | 30 | 28 | 30 | 30 | 33 | 36 | 52 | ||||||
| Line Of Credit | - | - | 1,073 | - | - | - | 699 | - | - | - | 940 | - | ||||||
| Contract With Customer Liability Noncurrent | - | - | 21 | - | - | - | 22 | - | - | - | 26 | - | ||||||
| Long Term Debt | 1,695 | 1,695 | - | 849 | 839 | 804 | - | 865 | 900 | 917 | - | 1,023 | ||||||
| Deferred Revenue Noncurrent | 19 | 21 | - | 21 | 22 | 22 | - | 23 | 24 | 25 | - | 28 | ||||||
| Taxes Payable Current And Noncurrent | 14 | 14 | 13 | 14 | 13 | 13 | 12 | - | - | - | 8 | - | ||||||
| Other Liabilities Noncurrent | 21 | 14 | 14 | 14 | 14 | 13 | 11 | 20 | 19 | 18 | 9 | 15 | ||||||
| Liabilities | 2,922 | 2,968 | 2,368 | 2,044 | 2,016 | 1,977 | 1,930 | 2,001 | 1,970 | 2,006 | 2,076 | 2,100 | ||||||
Stockholders Equity | ||||||||||||||||||
| Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Treasury Stock Value | -2,189 | -2,089 | -1,786 | -1,387 | -1,216 | -1,105 | -994 | -982 | -984 | -986 | -986 | -986 | ||||||
| Additional Paid In Capital Common Stock | 915 | 893 | 870 | 861 | 853 | 848 | 823 | 810 | 807 | 808 | 789 | 783 | ||||||
| Retained Earnings Accumulated Deficit | 2,383 | 2,294 | 2,206 | 2,111 | 2,038 | 1,968 | 1,909 | 1,812 | 1,709 | 1,658 | 1,611 | 1,555 | ||||||
Accumulated Other Comprehensive Income Loss Net Of Tax | ||||||||||||||||||
| Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax | -86 | -79 | -68 | -71 | -61 | -102 | -119 | -74 | -98 | -97 | -86 | -107 | ||||||
| Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax | 0 | - | 0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | ||||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -86 | -79 | -68 | -71 | -61 | -102 | -119 | -74 | -99 | -97 | -87 | -107 | ||||||
| Stockholders Equity | 1,024 | 1,019 | 1,222 | 1,514 | 1,615 | 1,609 | 1,619 | 1,566 | 1,434 | 1,383 | 1,328 | 1,244 | ||||||
| Liabilities And Stockholders Equity | 3,946 | 3,986 | 3,590 | 3,558 | 3,631 | 3,586 | 3,549 | 3,566 | 3,404 | 3,389 | 3,403 | 3,344 | ||||||
| Allowance For Doubtful Accounts Receivable Current | 7 | 7 | 7 | 6 | 7 | 9 | 7 | 8 | 8 | 6 | 6 | 6 | ||||||
| Accumulated Depreciation Depletion And Amortization Property Plant And Equipment | 963 | 930 | - | 822 | 822 | 822 | - | 790 | 759 | 741 | - | 691 | ||||||
| Common Stock No Par Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Common Stock Shares Authorized | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | ||||||
| Shares Outstanding | 38 | 38 | 40 | 42 | 42 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | ||||||
| Treasury Stock Common Shares | 18 | 17 | 15 | 13 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | ||||||
Select a line item above to chart it.
Recent filings
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
Financial statements beyond 3 years are for subscribers only.
Unlock 17+ years of income statements, balance sheets, and cash flow statements
Start 7-day free trialMorningstar, Inc. (MORN) — SEC Financial Statements & Analysis
Morningstar, Inc. (MORN) is a investment advice company, incorporated in IL. Morningstar, Inc. trades on Nasdaq as: MORN. Morningstar, Inc. (MORN)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-29. Based on that filing, Morningstar, Inc. carries a market cap of $5.88B, a P/E ratio of 13.95x, a P/B ratio of 5.74x, a P/S ratio of 2.29x, an enterprise value of $7.10B, and an EV/EBITDA multiple of 8.84x. On profitability, it posts a gross margin of 62.24%, an operating margin of 23.53%, a net margin of 16.43%, a Return on Equity (ROE) of 31.96%, a Return on Assets (ROA) of 11.13%, and a Return on Invested Capital (ROIC) of 21.09%. Per share, it reports EPS of $11.15, diluted EPS of $11.07, free cash flow per share of $13.16, and a dividend per share of $2.04. Over the trailing year, it posted revenue growth of 9.33% year-over-year, net income growth of 4.33% year-over-year, and EPS growth of 16.47% year-over-year. On the balance sheet, it maintains a current ratio of 1.06x, a quick ratio of 1.00x, working capital of $54.60M, a debt-to-equity ratio of 2.85x, a debt ratio of 0.74, an interest coverage ratio of 12.96x, free cash flow of $497.50M (TTM), and net debt of $1.22B. Figures sourced from SEC EDGAR.
- Market Cap
- $5.88B
- P/E TTM
- 13.95x
- EPS TTM
- $11.15
- P/B TTM
- 5.74x
- ROE TTM
- 31.96%
- ROA TTM
- 11.13%
- Debt To Equity
- 2.85x
- Free Cash Flow TTM
- $497.50M
- Net Revenue TTM Growth 1Y
- 9.33%
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Morningstar, Inc. in?
Morningstar, Inc. (MORN) operates in the Investment Advice industry.
What exchange does MORN trade on?
Morningstar, Inc. (MORN) trades on the Nasdaq.
Where is Morningstar, Inc. incorporated?
Morningstar, Inc. is incorporated in IL.
When was Morningstar, Inc. (MORN)'s most recent SEC filing?
Morningstar, Inc. (MORN)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-29.
What is MORN's market cap?
Morningstar, Inc. (MORN) has a market capitalization of $5.88B as of 2026-06-30.
What is MORN's P/E ratio?
Morningstar, Inc. (MORN)'s trailing twelve month P/E ratio is 13.95x as of 2026-06-30.
What is MORN's EPS (earnings per share)?
Morningstar, Inc. (MORN)'s trailing twelve month EPS is $11.15 as of 2026-06-30.
What is MORN's ROE (return on equity)?
Morningstar, Inc. (MORN)'s trailing twelve month Return on Equity (ROE) is 31.96% as of 2026-06-30.
What is MORN's ROA (return on assets)?
Morningstar, Inc. (MORN)'s trailing twelve month Return on Assets (ROA) is 11.13% as of 2026-06-30.
What is MORN's ROIC (return on invested capital)?
Morningstar, Inc. (MORN)'s trailing twelve month Return on Invested Capital (ROIC) is 21.09% as of 2026-06-30.
What is MORN's EV/EBITDA?
Morningstar, Inc. (MORN)'s trailing twelve month EV/EBITDA is 8.84x as of 2026-06-30.