Morningstar, Inc. (FRA:MRS)

Morningstar Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 20, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	5,358	7,612	13,949	11,058	8,602	12,959
Market Cap Growth	-59.99%	-45.43%	26.15%	28.54%	-33.62%	59.82%
Enterprise Value	5,980	8,062	14,375	11,851	9,491	12,994
Last Close Price	135.00	181.57	317.18	252.35	197.83	292.03
PE Ratio	16.81	23.89	39.04	86.62	130.40	76.25
PS Ratio	2.57	3.66	6.35	6.00	4.92	8.67
PB Ratio	5.15	7.32	8.92	9.21	7.62	10.41
P/FCF Ratio	14.21	20.19	32.17	61.95	54.63	42.34
P/OCF Ratio	10.67	15.16	24.41	38.63	30.87	32.76
EV/Sales Ratio	2.88	3.87	6.54	6.43	5.42	8.70
EV/EBITDA Ratio	10.80	15.95	28.83	39.18	34.27	42.49
EV/EBIT Ratio	14.01	18.70	35.37	56.80	52.37	57.50
EV/FCF Ratio	15.86	21.39	33.15	66.39	60.27	42.45
Debt / Equity Ratio	1.03	1.03	0.56	0.87	1.10	0.38
Debt / EBITDA Ratio	1.92	1.92	1.57	2.90	3.92	1.36
Debt / FCF Ratio	2.85	2.85	2.01	5.88	7.87	1.53
Net Debt / Equity Ratio	0.60	0.60	0.22	0.58	0.75	-0.01
Net Debt / EBITDA Ratio	1.23	1.23	0.68	2.31	3.07	-0.04
Net Debt / FCF Ratio	1.66	1.66	0.79	3.91	5.40	-0.04
Asset Turnover	0.69	0.69	0.65	0.59	0.59	0.61
Quick Ratio	0.89	0.89	0.95	0.83	0.82	1.05
Current Ratio	0.99	0.99	1.05	0.93	0.92	1.13
Return on Equity (ROE)	26.35%	26.35%	25.11%	11.13%	5.38%	14.39%
Return on Assets (ROA)	8.86%	8.86%	7.57%	4.19%	3.82%	5.78%
Return on Invested Capital (ROIC)	19.12%	19.47%	16.14%	8.87%	6.11%	13.69%
Return on Capital Employed (ROCE)	20.00%	20.00%	16.30%	9.10%	7.50%	12.40%
Earnings Yield	5.95%	4.19%	2.56%	1.15%	0.77%	1.31%
FCF Yield	7.04%	4.95%	3.11%	1.61%	1.83%	2.36%
Dividend Yield	1.20%	0.88%	0.51%	0.55%	0.69%	0.39%
Payout Ratio	20.55%	20.55%	18.73%	45.29%	87.23%	28.04%
Buyback Yield / Dilution	2.09%	2.09%	-0.47%	-	1.15%	-0.46%
Total Shareholder Return	3.28%	2.96%	0.04%	0.55%	1.84%	-0.07%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.