Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
295.15
+1.96 (0.67%)
May 5, 2025, 4:00 PM EDT - Market closed
Morningstar Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Revenue | 2,314 | 2,275 | 2,039 | 1,871 | 1,699 | 1,390 | Upgrade
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| Revenue Growth (YoY) | 10.11% | 11.60% | 8.98% | 10.08% | 22.30% | 17.85% | Upgrade
|
| Cost of Revenue | 909 | 895.7 | 843.5 | 779.3 | 698.4 | 556.4 | Upgrade
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| Gross Profit | 1,405 | 1,379 | 1,195 | 1,091 | 1,001 | 833.1 | Upgrade
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| Selling, General & Admin | 772.4 | 768.2 | 779.6 | 731 | 593.2 | 478.4 | Upgrade
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| Operating Expenses | 962.9 | 958.6 | 964.5 | 897.6 | 743.9 | 617.9 | Upgrade
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| Operating Income | 442.3 | 420.8 | 230.6 | 193.7 | 257 | 215.2 | Upgrade
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| Interest Expense | -44.8 | -49.9 | -60.7 | -28.4 | -8.7 | -9.5 | Upgrade
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| Interest & Investment Income | 13.2 | 12.2 | 9 | - | - | - | Upgrade
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| Earnings From Equity Investments | -18.5 | -17.4 | -19.2 | -3.6 | 5.4 | 0.3 | Upgrade
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| Currency Exchange Gain (Loss) | -4.9 | -4.9 | 11.5 | -6.7 | -3.7 | -5.7 | Upgrade
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| EBT Excluding Unusual Items | 383.5 | 360.8 | 171.2 | 155 | 250 | 200.3 | Upgrade
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| Merger & Restructuring Charges | - | - | - | -25.9 | - | - | Upgrade
|
| Gain (Loss) on Sale of Investments | 1.5 | 3.8 | 2.9 | -2.1 | 5.9 | 83 | Upgrade
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| Gain (Loss) on Sale of Assets | 109.3 | 109.3 | - | - | - | - | Upgrade
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| Pretax Income | 494.3 | 473.9 | 174.1 | 127 | 255.9 | 283.3 | Upgrade
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| Income Tax Expense | 110.1 | 104 | 33 | 56.5 | 62.6 | 59.7 | Upgrade
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| Earnings From Continuing Operations | 384.2 | 369.9 | 141.1 | 70.5 | 193.3 | 223.6 | Upgrade
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| Net Income | 384.2 | 369.9 | 141.1 | 70.5 | 193.3 | 223.6 | Upgrade
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| Net Income to Common | 384.2 | 369.9 | 141.1 | 70.5 | 193.3 | 223.6 | Upgrade
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| Net Income Growth | 80.46% | 162.16% | 100.14% | -63.53% | -13.55% | 47.11% | Upgrade
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| Shares Outstanding (Basic) | 43 | 43 | 43 | 43 | 43 | 43 | Upgrade
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| Shares Outstanding (Diluted) | 43 | 43 | 43 | 43 | 43 | 43 | Upgrade
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| Shares Change (YoY) | 0.23% | 0.47% | - | -1.15% | 0.46% | - | Upgrade
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| EPS (Basic) | 8.97 | 8.64 | 3.31 | 1.65 | 4.50 | 5.21 | Upgrade
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| EPS (Diluted) | 8.91 | 8.58 | 3.29 | 1.64 | 4.45 | 5.18 | Upgrade
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| EPS Growth | 80.06% | 160.79% | 100.61% | -63.15% | -14.09% | 47.16% | Upgrade
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| Free Cash Flow | 448.2 | 448.9 | 197.3 | 168.3 | 348.1 | 307.6 | Upgrade
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| Free Cash Flow Per Share | 10.39 | 10.41 | 4.60 | 3.92 | 8.02 | 7.12 | Upgrade
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| Dividend Per Share | 1.720 | 1.670 | 1.530 | 1.460 | 1.310 | 1.220 | Upgrade
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| Dividend Growth | 10.26% | 9.15% | 4.79% | 11.45% | 7.38% | 7.02% | Upgrade
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| Gross Margin | 60.72% | 60.63% | 58.62% | 58.34% | 58.90% | 59.96% | Upgrade
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| Operating Margin | 19.11% | 18.50% | 11.31% | 10.36% | 15.12% | 15.49% | Upgrade
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| Profit Margin | 16.60% | 16.26% | 6.92% | 3.77% | 11.38% | 16.09% | Upgrade
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| Free Cash Flow Margin | 19.37% | 19.73% | 9.68% | 9.00% | 20.48% | 22.14% | Upgrade
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| EBITDA | 537.9 | 516.3 | 334.3 | 296 | 347.8 | 300.8 | Upgrade
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| EBITDA Margin | 23.24% | 22.69% | 16.40% | 15.82% | 20.47% | 21.65% | Upgrade
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| D&A For EBITDA | 95.6 | 95.5 | 103.7 | 102.3 | 90.8 | 85.6 | Upgrade
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| EBIT | 442.3 | 420.8 | 230.6 | 193.7 | 257 | 215.2 | Upgrade
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| EBIT Margin | 19.11% | 18.50% | 11.31% | 10.36% | 15.12% | 15.49% | Upgrade
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| Effective Tax Rate | 22.27% | 21.95% | 18.95% | 44.49% | 24.46% | 21.07% | Upgrade
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Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.