Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 2.35B | 2.28B | 2.04B | 1.87B | 1.70B | 1.39B |
Gross Profit | 1.43B | 1.38B | 1.20B | 1.09B | 1.00B | 833.10M |
EBITDA | 732.70M | 714.20M | 419.70M | 323.70M | 417.00M | 433.90M |
Net Income | 404.10M | 369.90M | 141.10M | 70.50M | 193.30M | 223.60M |
Balance Sheet | ||||||
Total Assets | 3.63B | 3.55B | 3.40B | 3.47B | 2.86B | 2.70B |
Cash, Cash Equivalents and Short-Term Investments | 541.60M | 551.00M | 389.00M | 414.60M | 546.10M | 464.20M |
Total Debt | 1.03B | 904.00M | 1.16B | 1.32B | 531.50M | 626.70M |
Total Liabilities | 2.02B | 1.93B | 2.08B | 2.27B | 1.45B | 1.42B |
Stockholders Equity | 1.61B | 1.62B | 1.33B | 1.21B | 1.42B | 1.27B |
Cash Flow | ||||||
Free Cash Flow | 389.80M | 448.90M | 197.30M | 168.30M | 348.10M | 307.60M |
Operating Cash Flow | 535.30M | 591.60M | 316.40M | 297.80M | 449.90M | 384.30M |
Investing Cash Flow | -56.40M | -21.30M | -81.90M | -799.30M | -167.70M | -123.80M |
Financing Cash Flow | -391.90M | -384.40M | -278.40M | 415.10M | -211.80M | -182.20M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
76 Outperform | $168.43B | 42.79 | 11.76% | 0.69% | 10.72% | 23.30% | |
73 Outperform | $44.21B | 38.01 | -117.99% | 1.23% | 10.48% | 0.98% | |
72 Outperform | $351.22M | 17.22 | 21.72% | 3.22% | -6.42% | 8.90% | |
70 Outperform | $14.47B | 27.55 | 26.35% | 1.11% | 5.07% | 4.19% | |
68 Neutral | $17.69B | 11.82 | 10.30% | 3.73% | 9.66% | 0.42% | |
66 Neutral | $10.98B | 27.80 | 26.51% | 0.68% | 8.23% | 64.35% | |
63 Neutral | $4.08B | ― | -1.16% | 2.19% | 1.97% | -14.06% |
Morningstar released an Investor Q&A report addressing questions received through July 15, 2025, detailing aspects of their operations and revenue models. The report highlights the company’s integrated approach to client engagement, cross-selling strategies, and revenue composition, emphasizing recurring revenue in structured finance and fundamental ratings. It also discusses the monetization of investment data, retention rates, and plans for Morningstar Medalist ratings for interval funds. The report outlines the proprietary nature of their data collection for fund ratings and notes the mature market status of their Morningstar Direct Platform, while also indicating potential growth through data and analytics enhancements.
The most recent analyst rating on (MORN) stock is a Buy with a $281.00 price target. To see the full list of analyst forecasts on Morningstar stock, see the MORN Stock Forecast page.
On July 30, 2025, Morningstar, Inc. reported its financial results for the second quarter of 2025, highlighting a 5.8% increase in revenue to $605.1 million compared to the previous year. The company saw significant contributions from its PitchBook, Morningstar Direct Platform, and Morningstar Credit segments. Despite a decrease in cash flow, Morningstar achieved a 15.3% rise in operating income and a 30.6% increase in diluted net income per share. The report also noted challenges such as increased compensation costs and marketing expenses, as well as risks related to cybersecurity, economic conditions, and regulatory changes.
The most recent analyst rating on (MORN) stock is a Buy with a $281.00 price target. To see the full list of analyst forecasts on Morningstar stock, see the MORN Stock Forecast page.
Morningstar‘s recent report highlights the company’s strategic focus on expanding its private credit capabilities, which are projected to significantly contribute to its revenue growth across various segments. The report also addresses a slowdown in organic growth for the Morningstar Direct Platform, attributed to factors such as slower license growth, loss of a major client, and strategic shifts in product offerings, impacting the company’s operational performance and market positioning.
The most recent analyst rating on (MORN) stock is a Buy with a $281.00 price target. To see the full list of analyst forecasts on Morningstar stock, see the MORN Stock Forecast page.
On June 20, 2025, Morningstar, Inc. announced that its Board of Directors approved a quarterly cash dividend of 45.5 cents per share, which will be payable on July 31, 2025, to shareholders of record as of July 11, 2025. This decision reflects the company’s ongoing commitment to returning value to its shareholders and maintaining its financial stability, despite the various risks and uncertainties outlined in their forward-looking statements.
The most recent analyst rating on (MORN) stock is a Buy with a $281.00 price target. To see the full list of analyst forecasts on Morningstar stock, see the MORN Stock Forecast page.