Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
184.17
+11.56 (6.70%)
Jul 27, 2026, 1:34 PM EDT - 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 | Jul '26 Jul 27, 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 |
| 7,004 | 8,636 | 14,437 | 12,231 | 9,201 | 14,752 | |
Market Cap Growth | -40.08% | -40.18% | 18.04% | 32.93% | -37.63% | 48.50% |
Enterprise Value | 8,193 | 9,368 | 14,790 | 13,002 | 10,110 | 14,738 |
Last Close Price | 184.17 | 217.31 | 336.76 | 286.24 | 216.59 | 341.99 |
Price Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 27, 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 | 18.84 | 24.50 | 39.25 | 87.00 | 132.07 | 76.85 |
Forward PE | 15.18 | 21.33 | 42.45 | 51.08 | 39.01 | 29.04 |
PEG Ratio | - | 2.34 | 2.34 | 2.34 | 2.42 | 2.42 |
PS Ratio | 2.72 | 3.53 | 6.35 | 6.00 | 4.92 | 8.68 |
PB Ratio | 6.44 | 7.48 | 9.63 | 9.21 | 7.62 | 10.42 |
P/FCF Ratio | 15.59 | 19.51 | 32.16 | 61.99 | 54.67 | 42.38 |
P/OCF Ratio | 11.55 | 14.64 | 24.40 | 38.66 | 30.90 | 32.79 |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 27, 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 | 3.27 | 3.83 | 6.50 | 6.38 | 5.40 | 8.67 |
EV/EBITDA Ratio | 10.74 | 13.08 | 21.90 | 31.29 | 30.23 | 36.15 |
EV/EBIT Ratio | 14.41 | 17.79 | 30.51 | 56.38 | 60.25 | 57.34 |
EV/FCF Ratio | 18.73 | 21.17 | 32.95 | 65.90 | 60.07 | 42.34 |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 27, 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 | 1.00 | 0.54 | 0.82 | 1.04 | 0.35 |
Debt / EBITDA Ratio | 2.50 | 1.76 | 1.34 | 2.79 | 3.96 | 1.30 |
Debt / FCF Ratio | 4.36 | 2.85 | 2.01 | 5.88 | 7.87 | 1.53 |
Net Debt / Equity Ratio | 1.46 | 0.64 | 0.24 | 0.58 | 0.75 | -0.01 |
Net Debt / EBITDA Ratio | 1.80 | 1.02 | 0.52 | 1.86 | 2.72 | -0.04 |
Net Debt / FCF Ratio | 3.14 | 1.66 | 0.79 | 3.91 | 5.40 | -0.04 |
Asset Turnover | 0.66 | 0.69 | 0.65 | 0.59 | 0.59 | 0.61 |
Quick Ratio | 0.92 | 0.89 | 0.95 | 0.83 | 0.82 | 1.05 |
Current Ratio | 1.03 | 0.99 | 1.05 | 0.93 | 0.92 | 1.13 |
Return on Equity (ROE) | 35.95% | 26.35% | 25.11% | 11.13% | 5.38% | 14.39% |
Return on Assets (ROA) | 11.38% | 11.16% | 10.99% | 5.49% | 3.00% | 6.94% |
Return on Invested Capital (ROIC) | 19.83% | 20.29% | 18.78% | 8.95% | 5.41% | 13.60% |
Return on Capital Employed (ROCE) | 20.70% | 20.58% | 19.00% | 9.02% | 7.18% | 12.39% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 27, 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 | 5.91% | 4.08% | 2.55% | 1.15% | 0.76% | 1.30% |
FCF Yield | 6.41% | 5.13% | 3.11% | 1.61% | 1.83% | 2.36% |
Dividend Yield | 1.09% | 0.84% | 0.48% | 0.52% | 0.67% | 0.37% |
Payout Ratio | 20.46% | 20.55% | 18.73% | 45.29% | 87.23% | 28.04% |
Buyback Yield / Dilution | 4.35% | 2.09% | -0.47% | 0.00% | 1.15% | -0.46% |
Total Shareholder Return | 5.43% | 2.93% | 0.01% | 0.52% | 1.82% | -0.09% |