Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
166.56
-1.11 (-0.66%)
At close: May 5, 2026, 4:00 PM EDT
166.55
-0.01 (-0.01%)
After-hours: May 5, 2026, 7:26 PM EDT

Morningstar Statistics

Total Valuation

Morningstar has a market cap or net worth of $6.33 billion. The enterprise value is $7.71 billion.

Market Cap6.33B
Enterprise Value 7.71B

Important Dates

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

Earnings Date Apr 29, 2026
Ex-Dividend Date Jul 10, 2026

Share Statistics

Morningstar has 38.03 million shares outstanding. The number of shares has decreased by -4.35% in one year.

Current Share Class 38.03M
Shares Outstanding 38.03M
Shares Change (YoY) -4.35%
Shares Change (QoQ) -3.44%
Owned by Insiders (%) 48.91%
Owned by Institutions (%) 64.82%
Float 19.41M

Valuation Ratios

The trailing PE ratio is 17.04 and the forward PE ratio is 13.72.

PE Ratio 17.04
Forward PE 13.72
PS Ratio 2.53
Forward PS 2.38
PB Ratio 6.22
P/TBV Ratio n/a
P/FCF Ratio 14.48
P/OCF Ratio 10.73
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 12.05, with an EV/FCF ratio of 17.62.

EV / Earnings 19.14
EV / Sales 3.07
EV / EBITDA 12.05
EV / EBIT 14.07
EV / FCF 17.62

Financial Position

The company has a current ratio of 1.03, with a Debt / Equity ratio of 1.87.

Current Ratio 1.03
Quick Ratio 0.92
Debt / Equity 1.87
Debt / EBITDA 2.71
Debt / FCF 4.36
Interest Coverage 11.73

Financial Efficiency

Return on equity (ROE) is 30.66% and return on invested capital (ROIC) is 19.11%.

Return on Equity (ROE) 30.66%
Return on Assets (ROA) 9.05%
Return on Invested Capital (ROIC) 19.11%
Return on Capital Employed (ROCE) 18.54%
Weighted Average Cost of Capital (WACC) 8.40%
Revenue Per Employee $229,350
Profits Per Employee $36,829
Employee Count10,937
Asset Turnover 0.66
Inventory Turnover n/a

Taxes

In the past 12 months, Morningstar has paid $128.70 million in taxes.

Income Tax 128.70M
Effective Tax Rate 24.21%

Stock Price Statistics

The stock price has decreased by -43.19% 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 -43.19%
50-Day Moving Average 176.99
200-Day Moving Average 213.02
Relative Strength Index (RSI) 40.91
Average Volume (20 Days) 551,977

Short Selling Information

The latest short interest is 1.46 million, so 3.83% of the outstanding shares have been sold short.

Short Interest 1.46M
Short Previous Month 1.37M
Short % of Shares Out 3.83%
Short % of Float 7.51%
Short Ratio (days to cover) 2.93

Income Statement

In the last 12 months, Morningstar had revenue of $2.51 billion and earned $402.80 million in profits. Earnings per share was $9.77.

Revenue2.51B
Gross Profit 1.55B
Operating Income 548.00M
Pretax Income 531.50M
Net Income 402.80M
EBITDA 639.60M
EBIT 548.00M
Earnings Per Share (EPS) $9.77
Full Income Statement

Balance Sheet

The company has $532.20 million in cash and $1.91 billion in debt, with a net cash position of -$1.37 billion or -$36.14 per share.

Cash & Cash Equivalents 532.20M
Total Debt 1.91B
Net Cash -1.37B
Net Cash Per Share -$36.14
Equity (Book Value) 1.02B
Book Value Per Share 26.79
Working Capital 32.60M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $590.20 million and capital expenditures -$152.80 million, giving a free cash flow of $437.40 million.

Operating Cash Flow 590.20M
Capital Expenditures -152.80M
Depreciation & Amortization 91.60M
Net Borrowing 910.00M
Free Cash Flow 437.40M
FCF Per Share $11.50
Full Cash Flow Statement

Margins

Gross margin is 61.71%, with operating and profit margins of 21.85% and 16.06%.

Gross Margin 61.71%
Operating Margin 21.85%
Pretax Margin 21.19%
Profit Margin 16.06%
EBITDA Margin 25.50%
EBIT Margin 21.85%
FCF Margin 17.44%

Dividends & Yields

This stock pays an annual dividend of $2.00, which amounts to a dividend yield of 1.20%.

Dividend Per Share $2.00
Dividend Yield 1.20%
Dividend Growth (YoY) 10.45%
Years of Dividend Growth 4
Payout Ratio 20.00%
Buyback Yield 4.35%
Shareholder Yield 5.55%
Earnings Yield 6.36%
FCF Yield 6.91%
Dividend Details

Analyst Forecast

The average price target for Morningstar is $256.50, which is 54.00% higher than the current price. The consensus rating is "Strong Buy".

Price Target $256.50
Price Target Difference 54.00%
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 3.94 and a Piotroski F-Score of 5.

Altman Z-Score 3.94
Piotroski F-Score 5