Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
186.88
+4.57 (2.51%)
Mar 4, 2026, 4:00 PM EST - Market closed

Morningstar Statistics

Total Valuation

Morningstar has a market cap or net worth of $7.40 billion. The enterprise value is $8.13 billion.

Market Cap7.40B
Enterprise Value 8.13B

Important Dates

The last earnings date was Thursday, February 12, 2026, after market close.

Earnings Date Feb 12, 2026
Ex-Dividend Date Apr 2, 2026

Share Statistics

Morningstar has 39.58 million shares outstanding. The number of shares has decreased by -2.09% in one year.

Current Share Class 39.58M
Shares Outstanding 39.58M
Shares Change (YoY) -2.09%
Shares Change (QoQ) -3.78%
Owned by Insiders (%) 47.06%
Owned by Institutions (%) 62.81%
Float 20.94M

Valuation Ratios

The trailing PE ratio is 21.07 and the forward PE ratio is 16.45.

PE Ratio 21.07
Forward PE 16.45
PS Ratio 3.02
Forward PS 2.79
PB Ratio 6.08
P/TBV Ratio n/a
P/FCF Ratio 16.71
P/OCF Ratio 12.54
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 13.70, with an EV/FCF ratio of 18.37.

EV / Earnings 21.73
EV / Sales 3.32
EV / EBITDA 13.70
EV / EBIT 16.06
EV / FCF 18.37

Financial Position

The company has a current ratio of 0.99, with a Debt / Equity ratio of 1.03.

Current Ratio 0.99
Quick Ratio 0.89
Debt / Equity 1.03
Debt / EBITDA 1.92
Debt / FCF 2.85
Interest Coverage 12.66

Financial Efficiency

Return on equity (ROE) is 26.35% and return on invested capital (ROIC) is 19.12%.

Return on Equity (ROE) 26.35%
Return on Assets (ROA) 8.86%
Return on Invested Capital (ROIC) 19.12%
Return on Capital Employed (ROCE) 19.95%
Weighted Average Cost of Capital (WACC) 9.19%
Revenue Per Employee $223,599
Profits Per Employee $34,214
Employee Count10,937
Asset Turnover 0.69
Inventory Turnover n/a

Taxes

In the past 12 months, Morningstar has paid $121.50 million in taxes.

Income Tax 121.50M
Effective Tax Rate 24.51%

Stock Price Statistics

The stock price has decreased by -39.13% 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 -39.13%
50-Day Moving Average 194.25
200-Day Moving Average 240.51
Relative Strength Index (RSI) 57.58
Average Volume (20 Days) 803,051

Short Selling Information

The latest short interest is 1.40 million, so 3.54% of the outstanding shares have been sold short.

Short Interest 1.40M
Short Previous Month 739,347
Short % of Shares Out 3.54%
Short % of Float 6.69%
Short Ratio (days to cover) 2.18

Income Statement

In the last 12 months, Morningstar had revenue of $2.45 billion and earned $374.20 million in profits. Earnings per share was $8.87.

Revenue2.45B
Gross Profit 1.49B
Operating Income 506.20M
Pretax Income 495.70M
Net Income 374.20M
EBITDA 593.40M
EBIT 506.20M
Earnings Per Share (EPS) $8.87
Full Income Statement

Balance Sheet

The company has $528.70 million in cash and $1.26 billion in debt, with a net cash position of -$732.40 million or -$18.50 per share.

Cash & Cash Equivalents 528.70M
Total Debt 1.26B
Net Cash -732.40M
Net Cash Per Share -$18.50
Equity (Book Value) 1.22B
Book Value Per Share 30.75
Working Capital -15.30M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $589.70 million and capital expenditures -$147.10 million, giving a free cash flow of $442.60 million.

Operating Cash Flow 589.70M
Capital Expenditures -147.10M
Free Cash Flow 442.60M
FCF Per Share $11.18
Full Cash Flow Statement

Margins

Gross margin is 61.03%, with operating and profit margins of 20.70% and 15.30%.

Gross Margin 61.03%
Operating Margin 20.70%
Pretax Margin 20.27%
Profit Margin 15.30%
EBITDA Margin 24.26%
EBIT Margin 20.70%
FCF Margin 18.10%

Dividends & Yields

This stock pays an annual dividend of $2.00, which amounts to a dividend yield of 1.07%.

Dividend Per Share $2.00
Dividend Yield 1.07%
Dividend Growth (YoY) 11.68%
Years of Dividend Growth 4
Payout Ratio 21.03%
Buyback Yield 2.09%
Shareholder Yield 3.16%
Earnings Yield 5.06%
FCF Yield 5.98%
Dividend Details

Analyst Forecast

The average price target for Morningstar is $256.50, which is 37.25% higher than the current price. The consensus rating is "Strong Buy".

Price Target $256.50
Price Target Difference 37.25%
Analyst Consensus Strong Buy
Analyst Count 2
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
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 4.92 and a Piotroski F-Score of 6.

Altman Z-Score 4.92
Piotroski F-Score 6