Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
207.40
-4.55 (-2.15%)
At close: Nov 17, 2025, 4:00 PM EST
211.51
+4.11 (1.98%)
After-hours: Nov 17, 2025, 4:18 PM EST

Morningstar Statistics

Total Valuation

Morningstar has a market cap or net worth of $8.53 billion. The enterprise value is $9.09 billion.

Market Cap8.53B
Enterprise Value 9.09B

Important Dates

The last earnings date was Wednesday, October 29, 2025, after market close.

Earnings Date Oct 29, 2025
Ex-Dividend Date Oct 3, 2025

Share Statistics

Morningstar has 41.13 million shares outstanding. The number of shares has decreased by -0.93% in one year.

Current Share Class 41.13M
Shares Outstanding 41.13M
Shares Change (YoY) -0.93%
Shares Change (QoQ) -0.47%
Owned by Insiders (%) 44.80%
Owned by Institutions (%) 57.22%
Float 20.58M

Valuation Ratios

The trailing PE ratio is 23.58 and the forward PE ratio is 20.36.

PE Ratio 23.58
Forward PE 20.36
PS Ratio 3.76
Forward PS 3.32
PB Ratio 5.81
P/TBV Ratio n/a
P/FCF Ratio 21.72
P/OCF Ratio 15.88
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 16.02, with an EV/FCF ratio of 23.06.

EV / Earnings 24.17
EV / Sales 3.79
EV / EBITDA 16.02
EV / EBIT 19.29
EV / FCF 23.06

Financial Position

The company has a current ratio of 1.04, with a Debt / Equity ratio of 0.69.

Current Ratio 1.04
Quick Ratio 0.94
Debt / Equity 0.69
Debt / EBITDA 1.66
Debt / FCF 2.65
Interest Coverage 11.99

Financial Efficiency

Return on equity (ROE) is 24.42% and return on invested capital (ROIC) is 11.40%.

Return on Equity (ROE) 24.42%
Return on Assets (ROA) 8.27%
Return on Invested Capital (ROIC) 11.40%
Return on Capital Employed (ROCE) 18.04%
Revenue Per Employee $216,094
Profits Per Employee $33,920
Employee Count11,085
Asset Turnover 0.67
Inventory Turnover n/a

Taxes

In the past 12 months, Morningstar has paid $119.00 million in taxes.

Income Tax 119.00M
Effective Tax Rate 24.04%

Stock Price Statistics

The stock price has decreased by -38.56% in the last 52 weeks. The beta is 1.11, so Morningstar's price volatility has been higher than the market average.

Beta (5Y) 1.11
52-Week Price Change -38.56%
50-Day Moving Average 225.90
200-Day Moving Average 275.91
Relative Strength Index (RSI) 33.95
Average Volume (20 Days) 410,193

Short Selling Information

The latest short interest is 655,624, so 1.59% of the outstanding shares have been sold short.

Short Interest 655,624
Short Previous Month 768,870
Short % of Shares Out 1.59%
Short % of Float 3.19%
Short Ratio (days to cover) 1.74

Income Statement

In the last 12 months, Morningstar had revenue of $2.40 billion and earned $376.00 million in profits. Earnings per share was $8.80.

Revenue2.40B
Gross Profit 1.46B
Operating Income 471.20M
Pretax Income 495.00M
Net Income 376.00M
EBITDA 567.50M
EBIT 471.20M
Earnings Per Share (EPS) $8.80
Full Income Statement

Balance Sheet

The company has $514.50 million in cash and $1.04 billion in debt, giving a net cash position of -$528.10 million or -$12.84 per share.

Cash & Cash Equivalents 514.50M
Total Debt 1.04B
Net Cash -528.10M
Net Cash Per Share -$12.84
Equity (Book Value) 1.51B
Book Value Per Share 36.48
Working Capital 33.70M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $539.10 million and capital expenditures -$145.00 million, giving a free cash flow of $394.10 million.

Operating Cash Flow 539.10M
Capital Expenditures -145.00M
Free Cash Flow 394.10M
FCF Per Share $9.58
Full Cash Flow Statement

Margins

Gross margin is 60.93%, with operating and profit margins of 19.67% and 15.70%.

Gross Margin 60.93%
Operating Margin 19.67%
Pretax Margin 20.66%
Profit Margin 15.70%
EBITDA Margin 23.69%
EBIT Margin 19.67%
FCF Margin 16.45%

Dividends & Yields

This stock pays an annual dividend of $1.82, which amounts to a dividend yield of 0.88%.

Dividend Per Share $1.82
Dividend Yield 0.88%
Dividend Growth (YoY) 12.35%
Years of Dividend Growth 3
Payout Ratio 20.69%
Buyback Yield 0.93%
Shareholder Yield 1.80%
Earnings Yield 4.39%
FCF Yield 4.60%
Dividend Details

Analyst Forecast

The average price target for Morningstar is $333.33, which is 60.72% higher than the current price. The consensus rating is "Strong Buy".

Price Target $333.33
Price Target Difference 60.72%
Analyst Consensus Strong Buy
Analyst Count 3
Revenue Growth Forecast (5Y) 8.75%
EPS Growth Forecast (5Y) 15.81%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Morningstar has an Altman Z-Score of 5.76 and a Piotroski F-Score of 7.

Altman Z-Score 5.76
Piotroski F-Score 7