Morningstar, Inc. (MORN)

Morningstar Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 10, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	8,892	14,442	12,222	9,193	14,738	9,919
Market Cap Growth	-39.03%	18.16%	32.95%	-37.62%	48.59%	53.13%
Enterprise Value	9,319	14,883	13,099	10,144	14,778	10,206
Last Close Price	215.09	334.59	282.85	212.51	333.67	225.10
PE Ratio	24.49	39.04	86.62	130.40	76.25	44.36
Forward PE	21.14	29.04	29.04	29.04	29.04	29.04
PS Ratio	3.82	6.35	6.00	4.92	8.67	7.14
PB Ratio	5.90	8.92	9.21	7.62	10.41	7.80
P/FCF Ratio	22.31	32.17	61.95	54.63	42.34	32.25
P/OCF Ratio	16.31	24.41	38.63	30.87	32.76	25.81
PEG Ratio	-	2.14	2.14	2.14	2.14	2.14
EV/Sales Ratio	3.89	6.54	6.43	5.42	8.70	7.35
EV/EBITDA Ratio	16.42	28.83	39.18	34.27	42.49	33.93
EV/EBIT Ratio	19.78	35.37	56.80	52.37	57.50	47.43
EV/FCF Ratio	23.65	33.15	66.39	60.27	42.45	33.18
Debt / Equity Ratio	0.69	0.56	0.87	1.10	0.38	0.49
Debt / EBITDA Ratio	1.66	1.57	2.90	3.92	1.36	1.83
Debt / FCF Ratio	2.65	2.01	5.88	7.87	1.53	2.04
Asset Turnover	0.67	0.65	0.59	0.59	0.61	0.55
Quick Ratio	0.94	0.95	0.83	0.82	1.05	1.07
Current Ratio	1.04	1.05	0.93	0.92	1.13	1.17
Return on Equity (ROE)	24.42%	25.11%	11.13%	5.38%	14.39%	18.99%
Return on Assets (ROA)	8.27%	7.57%	4.19%	3.82%	5.78%	5.31%
Return on Capital (ROIC)	11.40%	10.50%	5.74%	5.41%	8.35%	7.33%
Return on Capital Employed (ROCE)	18.00%	16.30%	9.10%	7.50%	12.40%	10.40%
Earnings Yield	4.28%	2.56%	1.15%	0.77%	1.31%	2.25%
FCF Yield	4.48%	3.11%	1.61%	1.83%	2.36%	3.10%
Dividend Yield	0.84%	0.50%	0.54%	0.69%	0.39%	0.54%
Payout Ratio	21.20%	18.73%	45.29%	87.23%	28.04%	22.99%
Buyback Yield / Dilution	0.93%	-0.47%	-	1.15%	-0.46%	-0.47%
Total Shareholder Return	1.77%	0.03%	0.54%	1.84%	-0.07%	0.07%

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q