Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
207.41
+0.52 (0.25%)
At close: Aug 14, 2026, 4:00 PM EDT
209.25
+1.84 (0.89%)
After-hours: Aug 14, 2026, 7:55 PM EDT

Morningstar Statistics

Total Valuation

Morningstar has a market cap or net worth of $7.78 billion. The enterprise value is $9.16 billion.

Market Cap7.78B
Enterprise Value 9.16B

Important Dates

The last earnings date was Wednesday, July 29, 2026, after market close.

Earnings Date Jul 29, 2026
Ex-Dividend Date Oct 2, 2026

Share Statistics

Morningstar has 37.51 million shares outstanding. The number of shares has decreased by -6.52% in one year.

Current Share Class 37.51M
Shares Outstanding 37.51M
Shares Change (YoY) -6.52%
Shares Change (QoQ) -3.05%
Owned by Insiders (%) 49.67%
Owned by Institutions (%) 66.41%
Float 18.86M

Valuation Ratios

The trailing PE ratio is 19.75 and the forward PE ratio is 16.09.

PE Ratio 19.75
Forward PE 16.09
PS Ratio 3.03
Forward PS 2.85
PB Ratio 7.60
P/TBV Ratio n/a
P/FCF Ratio 15.64
P/OCF Ratio 12.03
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 13.47, with an EV/FCF ratio of 18.42.

EV / Earnings 21.73
EV / Sales 3.57
EV / EBITDA 13.47
EV / EBIT 15.70
EV / FCF 18.42

Financial Position

The company has a current ratio of 1.06, with a Debt / Equity ratio of 1.86.

Current Ratio 1.06
Quick Ratio 0.94
Debt / Equity 1.86
Debt / EBITDA 2.55
Debt / FCF 3.83
Interest Coverage 10.51

Financial Efficiency

Return on equity (ROE) is 31.96% and return on invested capital (ROIC) is 18.24%.

Return on Equity (ROE) 31.96%
Return on Assets (ROA) 9.63%
Return on Invested Capital (ROIC) 18.24%
Return on Capital Employed (ROCE) 19.68%
Weighted Average Cost of Capital (WACC) 8.17%
Revenue Per Employee $234,662
Profits Per Employee $38,548
Employee Count10,937
Asset Turnover 0.68
Inventory Turnover n/a

Taxes

In the past 12 months, Morningstar has paid $140.70 million in taxes.

Income Tax 140.70M
Effective Tax Rate 25.02%

Stock Price Statistics

The stock price has decreased by -20.55% in the last 52 weeks. The beta is 0.98, so Morningstar's price volatility has been similar to the market average.

Beta (5Y) 0.98
52-Week Price Change -20.55%
50-Day Moving Average 176.79
200-Day Moving Average 187.88
Relative Strength Index (RSI) 68.60
Average Volume (20 Days) 412,149

Short Selling Information

The latest short interest is 1.46 million, so 3.89% of the outstanding shares have been sold short.

Short Interest 1.46M
Short Previous Month 1.46M
Short % of Shares Out 3.89%
Short % of Float 7.73%
Short Ratio (days to cover) 3.30

Income Statement

In the last 12 months, Morningstar had revenue of $2.57 billion and earned $421.60 million in profits. Earnings per share was $10.50.

Revenue2.57B
Gross Profit 1.60B
Operating Income 583.50M
Pretax Income 562.30M
Net Income 421.60M
EBITDA 680.10M
EBIT 583.50M
Earnings Per Share (EPS) $10.50
Full Income Statement

Balance Sheet

The company has $523.80 million in cash and $1.90 billion in debt, with a net cash position of -$1.38 billion or -$36.81 per share.

Cash & Cash Equivalents 523.80M
Total Debt 1.90B
Net Cash -1.38B
Net Cash Per Share -$36.81
Equity (Book Value) 1.02B
Book Value Per Share 27.29
Working Capital 54.60M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $646.90 million and capital expenditures -$149.40 million, giving a free cash flow of $497.50 million.

Operating Cash Flow 646.90M
Capital Expenditures -149.40M
Depreciation & Amortization 96.60M
Net Borrowing 875.30M
Free Cash Flow 497.50M
FCF Per Share $13.26
Full Cash Flow Statement

Margins

Gross margin is 62.24%, with operating and profit margins of 22.74% and 16.43%.

Gross Margin 62.24%
Operating Margin 22.74%
Pretax Margin 21.91%
Profit Margin 16.43%
EBITDA Margin 26.50%
EBIT Margin 22.74%
FCF Margin 19.38%

Dividends & Yields

This stock pays an annual dividend of $2.00, which amounts to a dividend yield of 0.96%.

Dividend Per Share $2.00
Dividend Yield 0.96%
Dividend Growth (YoY) 9.89%
Years of Dividend Growth 4
Payout Ratio 19.04%
Buyback Yield 6.52%
Shareholder Yield 7.48%
Earnings Yield 5.42%
FCF Yield 6.39%
Dividend Details

Analyst Forecast

The average price target for Morningstar is $236.67, which is 14.11% higher than the current price. The consensus rating is "Buy".

Price Target $236.67
Price Target Difference 14.11%
Analyst Consensus Buy
Analyst Count 3
Revenue Growth Forecast (3Y) 6.68%
EPS Growth Forecast (3Y) 18.58%
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 3.77 and a Piotroski F-Score of 6.

Altman Z-Score 3.77
Piotroski F-Score 6