Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
242.63
-4.54 (-1.84%)
Nov 6, 2026, 11:16 AM EST - Market open
Morningstar Ratios and Metrics
Market cap in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Total Valuation
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 6, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 9,003 | 8,938 | 14,442 | 12,222 | 9,193 | 14,738 | |
Market Cap Growth | 2.62% | -38.11% | 18.16% | 32.95% | -37.62% | 48.59% |
Enterprise Value | 10,337 | 9,466 | 14,883 | 13,099 | 10,144 | 14,778 |
Last Close Price | 247.17 | 214.95 | 330.96 | 279.78 | 210.21 | 330.06 |
Price Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 6, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 21.25 | 23.89 | 39.04 | 86.62 | 130.40 | 76.25 |
Forward PE | 17.50 | 21.33 | 42.45 | 51.08 | 39.01 | 29.04 |
PS Ratio | 3.44 | 3.66 | 6.35 | 6.00 | 4.92 | 8.67 |
PB Ratio | 8.94 | 7.32 | 8.92 | 9.21 | 7.62 | 10.41 |
P/FCF Ratio | 18.31 | 20.19 | 32.17 | 61.95 | 54.63 | 42.34 |
P/OCF Ratio | 14.06 | 15.16 | 24.41 | 38.63 | 30.87 | 32.76 |
PEG Ratio | - | 2.34 | 2.34 | 2.34 | 2.42 | 2.42 |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 6, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
EV/Sales Ratio | 3.95 | 3.87 | 6.54 | 6.43 | 5.42 | 8.70 |
EV/EBITDA Ratio | 14.40 | 15.95 | 28.83 | 39.18 | 34.27 | 42.49 |
EV/EBIT Ratio | 16.80 | 18.70 | 35.37 | 56.80 | 52.37 | 57.50 |
EV/FCF Ratio | 21.02 | 21.39 | 33.15 | 66.39 | 60.27 | 42.45 |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 6, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Debt / Equity Ratio | 1.81 | 1.03 | 0.56 | 0.87 | 1.10 | 0.38 |
Debt / EBITDA Ratio | 2.36 | 1.92 | 1.57 | 2.90 | 3.92 | 1.36 |
Debt / FCF Ratio | 3.77 | 2.85 | 2.01 | 5.88 | 7.87 | 1.53 |
Net Debt / Equity Ratio | 1.30 | 0.60 | 0.22 | 0.58 | 0.75 | -0.01 |
Net Debt / EBITDA Ratio | 1.86 | 1.23 | 0.68 | 2.31 | 3.07 | -0.04 |
Net Debt / FCF Ratio | 2.71 | 1.66 | 0.79 | 3.91 | 5.40 | -0.04 |
Asset Turnover | 0.70 | 0.69 | 0.65 | 0.59 | 0.59 | 0.61 |
Quick Ratio | 0.95 | 0.89 | 0.95 | 0.83 | 0.82 | 1.05 |
Current Ratio | 1.05 | 0.99 | 1.05 | 0.93 | 0.92 | 1.13 |
Return on Equity (ROE) | 35.08% | 26.35% | 25.11% | 11.13% | 5.38% | 14.39% |
Return on Assets (ROA) | 10.27% | 8.86% | 7.57% | 4.19% | 3.82% | 5.78% |
Return on Invested Capital (ROIC) | 19.44% | 19.47% | 16.14% | 8.87% | 6.11% | 13.69% |
Return on Capital Employed (ROCE) | 21.00% | 20.00% | 16.30% | 9.10% | 7.50% | 12.40% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 6, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Earnings Yield | 4.71% | 4.19% | 2.56% | 1.15% | 0.77% | 1.31% |
FCF Yield | 5.46% | 4.95% | 3.11% | 1.61% | 1.83% | 2.36% |
Dividend Yield | 0.82% | 0.83% | 0.50% | 0.53% | 0.68% | 0.38% |
Payout Ratio | 17.51% | 20.55% | 18.73% | 45.29% | 87.23% | 28.04% |
Buyback Yield / Dilution | 8.60% | 2.09% | -0.47% | - | 1.15% | -0.46% |
Total Shareholder Return | 9.43% | 2.92% | 0.03% | 0.53% | 1.83% | -0.08% |