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	Jul 25, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	11,747	14,442	12,222	9,193	14,738	9,919
Market Cap Growth	-2.50%	18.16%	32.95%	-37.62%	48.59%	53.13%
Enterprise Value	12,190	14,883	13,099	10,144	14,778	10,206
Last Close Price	278.03	335.26	283.42	212.94	334.35	225.55
PE Ratio	31.21	39.04	86.62	130.40	76.25	44.36
Forward PE	30.24	29.04	29.04	29.04	29.04	29.04
PS Ratio	5.15	6.35	6.00	4.92	8.67	7.14
PB Ratio	7.34	8.92	9.21	7.62	10.41	7.80
P/FCF Ratio	26.21	32.17	61.95	54.63	42.34	32.25
P/OCF Ratio	19.94	24.41	38.63	30.87	32.76	25.81
PEG Ratio	-	2.42	2.42	2.42	2.42	2.42
EV/Sales Ratio	5.27	6.54	6.43	5.42	8.70	7.35
EV/EBITDA Ratio	22.66	28.83	39.18	34.27	42.49	33.93
EV/EBIT Ratio	27.56	35.37	56.80	52.37	57.50	47.43
EV/FCF Ratio	27.20	33.15	66.39	60.27	42.45	33.18
Debt / Equity Ratio	0.62	0.56	0.87	1.10	0.38	0.49
Debt / EBITDA Ratio	1.68	1.57	2.90	3.92	1.36	1.83
Debt / FCF Ratio	2.24	2.01	5.88	7.87	1.53	2.04
Asset Turnover	0.66	0.65	0.59	0.59	0.61	0.55
Quick Ratio	1.00	0.95	0.83	0.82	1.05	1.07
Current Ratio	1.11	1.05	0.93	0.92	1.13	1.17
Return on Equity (ROE)	25.68%	25.11%	11.13%	5.38%	14.39%	18.99%
Return on Assets (ROA)	7.93%	7.57%	4.19%	3.82%	5.78%	5.31%
Return on Capital (ROIC)	10.79%	10.50%	5.74%	5.41%	8.35%	7.33%
Return on Capital Employed (ROCE)	16.50%	16.30%	9.10%	7.50%	12.40%	10.40%
Earnings Yield	3.27%	2.56%	1.15%	0.77%	1.31%	2.25%
FCF Yield	3.82%	3.11%	1.61%	1.83%	2.36%	3.10%
Dividend Yield	0.65%	0.50%	0.54%	0.69%	0.39%	0.54%
Payout Ratio	19.87%	18.73%	45.29%	87.23%	28.04%	22.99%
Buyback Yield / Dilution	-0.23%	-0.47%	-	1.15%	-0.46%	-0.47%
Total Shareholder Return	0.42%	0.03%	0.54%	1.84%	-0.07%	0.07%

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q