Morningstar, Inc. (MORN)

Morningstar Ratios and Metrics

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

Fiscal Quarter	Current	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jul 20, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Market Cap	6,532	6,429	8,636	9,630	13,241	12,745	14,437	13,685	12,674	13,182	12,231	10,002	8,363	8,639	9,201	9,018	10,276	11,683	14,752	11,164
Market Cap Growth	-50.67%	-49.56%	-40.18%	-29.63%	4.47%	-3.31%	18.04%	36.83%	51.54%	52.58%	32.93%	10.91%	-18.62%	-26.05%	-37.63%	-19.22%	-7.20%	20.88%	48.50%	62.22%
Enterprise Value	7,906	7,803	9,368	10,158	13,733	13,189	14,790	14,126	13,303	13,900	13,002	10,879	9,335	9,592	10,110	9,968	11,192	11,809	14,738	11,204
Last Close Price	171.76	169.05	217.31	232.01	313.93	299.87	336.76	319.12	295.85	308.37	286.24	234.24	196.07	203.03	216.59	212.32	241.83	273.17	341.99	259.03
PE Ratio	17.57	17.21	24.50	26.39	33.43	33.69	39.25	42.16	51.54	61.92	87.00	139.43	369.94	520.59	132.07	74.50	57.72	64.28	76.85	52.86
Forward PE	14.16	14.88	21.33	23.50	33.97	33.09	42.45	42.38	40.06	46.28	51.08	50.36	37.86	39.52	39.01	34.56	34.00	29.04	29.04	29.04
PEG Ratio	-	2.34	2.34	2.34	2.34	2.34	2.34	2.34	2.34	2.34	2.34	2.34	2.34	2.33	2.42	2.42	2.42	2.42	2.42	2.42
PS Ratio	2.60	2.56	3.53	4.02	5.64	5.51	6.35	6.16	5.84	6.27	6.00	5.06	4.34	4.56	4.92	4.85	5.65	6.62	8.68	6.90
PB Ratio	6.41	6.84	7.48	6.68	8.52	8.46	9.63	8.74	8.84	9.53	9.21	8.04	6.77	7.17	7.62	7.65	8.93	8.95	10.42	8.06
P/FCF Ratio	14.93	14.70	19.51	24.44	33.97	28.44	32.16	30.83	32.54	50.14	61.99	63.75	67.50	51.82	54.67	43.65	44.56	38.67	42.38	33.33
P/OCF Ratio	11.07	10.89	14.64	17.86	24.73	21.64	24.40	23.76	24.62	34.10	38.66	35.46	32.99	29.02	30.90	27.31	29.30	28.55	32.79	26.05
EV/Sales Ratio	3.15	3.11	3.83	4.24	5.85	5.70	6.50	6.36	6.13	6.61	6.38	5.51	4.84	5.07	5.40	5.37	6.15	6.70	8.67	6.93
EV/EBITDA Ratio	12.36	10.23	13.08	13.98	19.27	18.93	21.90	23.56	23.97	28.60	31.29	30.65	30.66	30.97	30.23	27.14	27.50	29.68	36.15	28.34
EV/EBIT Ratio	14.43	13.73	17.79	18.98	26.26	26.05	30.51	34.37	36.40	46.54	56.38	63.36	75.46	70.58	60.25	48.13	44.25	47.96	57.34	45.30
EV/FCF Ratio	18.07	17.84	21.17	25.78	35.23	29.43	32.95	31.82	34.15	52.87	65.90	69.33	75.34	57.54	60.07	48.25	48.53	39.09	42.34	33.44
Debt / Equity Ratio	1.81	1.81	1.00	0.66	0.62	0.60	0.54	0.65	0.72	0.77	0.82	0.94	1.04	1.05	1.04	1.09	1.02	0.47	0.35	0.36
Debt / EBITDA Ratio	2.50	9.18	6.10	5.97	5.96	6.22	4.17	6.47	6.78	8.07	8.23	10.64	15.22	19.31	16.48	20.50	14.19	7.14	4.70	4.98
Debt / FCF Ratio	4.36	35.57	7.82	6.51	16.57	17.06	8.01	6.69	8.84	18.96	10.76	12.23	-	-	19.64	19.84	36.01	-	5.03	5.71
Net Debt / Equity Ratio	1.46	1.46	0.64	0.37	0.32	0.30	0.24	0.28	0.44	0.52	0.58	0.71	0.79	0.79	0.75	0.81	0.80	0.10	-0.01	0.03
Net Debt / EBITDA Ratio	1.80	6.62	3.54	3.02	2.84	2.75	1.63	2.74	3.99	5.14	5.47	7.52	10.96	13.75	11.32	14.35	9.75	1.34	-0.13	0.38
Net Debt / FCF Ratio	3.14	25.64	4.54	3.30	7.89	7.55	3.13	2.83	5.21	12.08	7.15	8.64	-167.57	-156.15	13.49	13.89	24.75	-28.00	-0.14	0.43
Asset Turnover	0.17	0.17	0.18	0.17	0.17	0.17	0.17	0.16	0.17	0.16	0.16	0.15	0.15	0.15	0.15	0.15	0.15	0.16	0.17	0.16
Quick Ratio	0.92	0.92	0.89	0.94	1.02	1.00	0.95	1.04	0.93	0.87	0.83	0.83	0.88	0.81	0.82	0.87	0.92	1.14	1.05	1.06
Current Ratio	1.03	1.03	0.99	1.04	1.13	1.11	1.05	1.14	1.05	0.98	0.93	0.94	0.99	0.93	0.92	0.98	1.02	1.25	1.13	1.15
Return on Equity (ROE)	8.15%	8.15%	8.10%	5.95%	5.84%	5.25%	7.94%	8.52%	5.18%	4.96%	5.80%	3.23%	2.92%	-0.59%	0.25%	-0.70%	2.32%	3.45%	4.20%	3.82%
Return on Assets (ROA)	3.11%	3.11%	3.39%	2.67%	2.75%	2.45%	3.83%	2.69%	2.48%	2.04%	2.32%	1.47%	1.44%	-2.33%	0.15%	2.39%	1.42%	1.48%	2.02%	1.90%
Return on Invested Capital (ROIC)	5.42%	5.42%	6.06%	4.59%	4.66%	4.24%	6.70%	4.57%	4.09%	3.33%	3.78%	2.29%	2.28%	-3.44%	0.23%	3.44%	2.41%	2.84%	3.97%	3.53%
Return on Capital Employed (ROCE)	5.54%	5.54%	6.24%	4.84%	4.74%	4.37%	6.59%	4.44%	4.17%	3.60%	3.69%	2.72%	1.57%	1.03%	1.52%	0.94%	2.30%	2.68%	3.61%	3.34%
Earnings Yield	6.17%	5.81%	4.08%	3.79%	2.99%	2.97%	2.55%	2.37%	1.94%	1.61%	1.15%	0.72%	0.27%	0.19%	0.76%	1.34%	1.73%	1.56%	1.30%	1.89%
FCF Yield	6.70%	6.80%	5.13%	4.09%	2.94%	3.52%	3.11%	3.24%	3.07%	1.99%	1.61%	1.57%	1.48%	1.93%	1.83%	2.29%	2.24%	2.59%	2.36%	3.00%
Dividend Yield	1.16%	0.30%	0.21%	0.20%	0.15%	0.15%	0.12%	0.13%	0.14%	0.13%	0.13%	0.16%	0.19%	0.18%	0.17%	0.17%	0.15%	0.13%	0.09%	0.12%
Payout Ratio	20.46%	18.58%	16.42%	20.96%	21.69%	24.84%	14.80%	14.54%	25.04%	26.95%	21.77%	40.92%	44.32%	-209.21%	463.64%	-170.00%	51.16%	33.62%	24.07%	27.76%
Buyback Yield / Dilution	4.35%	8.82%	5.57%	2.08%	1.39%	-0.23%	-0.23%	-1.89%	-0.70%	-1.18%	-0.70%	0.70%	0.23%	1.85%	1.61%	1.61%	0.92%	0.00%	-0.46%	-0.46%
Total Shareholder Return	5.51%	9.12%	5.78%	2.28%	1.54%	-0.08%	-0.11%	-1.76%	-0.56%	-1.05%	-0.57%	0.87%	0.42%	2.03%	1.78%	1.78%	1.07%	0.13%	-0.37%	-0.34%

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Apr 29, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 17, 2026

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