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Morningstar (MORN) is a Financials company in the Russell 1000. Latest news and coverage below.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $798.6M | $911.7M | $1.02B | $1.18B | $1.39B | $1.70B | $1.87B | $2.04B | $2.28B | $2.45B |
| Growth (year over year) | +1.2% | +14.2% | +11.9% | +15.6% | +17.9% | +22.3% | +10.1% | +9.0% | +11.6% | +7.5% |
| Gross profit | $454.3M | $525.1M | $608.8M | $695.9M | $833.1M | $1.00B | $1.09B | $1.20B | $1.38B | $1.49B |
| Gross margin | 56.9% | 57.6% | 59.7% | 59.0% | 60.0% | 58.9% | 58.3% | 58.6% | 60.6% | 61.0% |
| Operating income | $180.8M | $169.8M | $215.8M | $189.6M | $215.2M | $257.0M | $167.8M | $230.6M | $484.8M | $526.6M |
| Operating margin | 22.6% | 18.6% | 21.2% | 16.1% | 15.5% | 15.1% | 9.0% | 11.3% | 21.3% | 21.5% |
| Net income | $161.0M | $136.9M | $183.0M | $152.0M | $223.6M | $193.3M | $70.5M | $141.1M | $369.9M | $374.2M |
| Net margin | 20.2% | 15.0% | 17.9% | 12.9% | 16.1% | 11.4% | 3.8% | 6.9% | 16.3% | 15.3% |
| EPS (diluted) | $3.72 | $3.18 | $4.25 | $3.52 | $5.18 | $4.45 | $1.64 | $3.29 | $8.58 | $8.87 |
| Balance sheet | ||||||||||
| Cash and equivalents | $259.1M | $308.2M | $369.3M | $334.1M | $422.5M | $483.8M | $376.6M | $337.9M | $502.7M | $474.5M |
| Total assets | $1.35B | $1.41B | $1.45B | $2.37B | $2.70B | $2.86B | $3.47B | $3.40B | $3.55B | $3.59B |
| Total liabilities | $654.1M | $600.8M | $519.1M | $1.29B | $1.42B | $1.45B | $2.27B | $2.08B | $1.93B | $2.37B |
| Long-term debt | — | — | $70.0M | $502.1M | $449.1M | $359.4M | $1.11B | $972.4M | $698.6M | $1.07B |
| Shareholders' equity | $696.5M | $804.9M | $934.7M | $1.08B | $1.27B | $1.42B | $1.21B | $1.33B | $1.62B | $1.22B |
| Cash flow | ||||||||||
| Operating cash flow | $213.7M | $250.1M | $314.8M | $334.4M | $384.3M | $449.9M | $297.8M | $316.4M | $591.6M | $589.7M |
| Capital expenditure | $62.8M | $66.6M | $76.1M | $80.0M | $76.7M | $101.8M | $129.5M | $119.1M | $142.7M | $147.1M |
| Free cash flow | $150.9M | $183.5M | $238.7M | $254.4M | $307.6M | $348.1M | $168.3M | $197.3M | $448.9M | $442.6M |
| Dividends paid | $37.9M | $39.3M | $42.6M | $47.8M | $51.4M | $54.2M | $61.5M | $63.9M | $69.3M | $76.9M |
| Share buybacks | $48.8M | $42.3M | $20.9M | $4.90M | $41.9M | $1.30M | $226.0M | $1.40M | $11.6M | $787.0M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $569.4M | $591.0M | $581.9M | $605.1M | $617.4M | $641.1M | $644.8M | $663.2M |
| Growth (year over year) | +10.5% | +9.7% | +7.2% | +5.8% | +8.4% | +8.5% | +10.8% | +9.6% |
| Gross profit | $346.7M | $358.8M | $350.5M | $374.5M | $375.7M | $391.9M | $405.9M | $423.9M |
| Gross margin | 60.9% | 60.7% | 60.2% | 61.9% | 60.9% | 61.1% | 62.9% | 63.9% |
| Operating income | $115.5M | $168.2M | $114.1M | $125.1M | $127.8M | $159.6M | $155.9M | $160.6M |
| Operating margin | 20.3% | 28.5% | 19.6% | 20.7% | 20.7% | 24.9% | 24.2% | 24.2% |
| Net income | $119.7M | $116.9M | $78.5M | $89.0M | $91.6M | $115.1M | $107.1M | $107.8M |
| Net margin | 21.0% | 19.8% | 13.5% | 14.7% | 14.8% | 18.0% | 16.6% | 16.3% |
| EPS (diluted) | $2.77 | $2.72 | $1.82 | $2.09 | $2.17 | $2.79 | $2.73 | $2.83 |
| Balance sheet | ||||||||
| Cash and equivalents | $552.9M | $502.7M | $511.5M | $503.5M | $474.2M | $474.5M | $492.8M | $489.5M |
| Total assets | $3.57B | $3.55B | $3.59B | $3.63B | $3.56B | $3.59B | $3.99B | $3.95B |
| Total liabilities | $2.00B | $1.93B | $1.98B | $2.02B | $2.04B | $2.37B | $2.97B | $2.92B |
| Long-term debt | $864.7M | $698.6M | $803.7M | $838.8M | $848.9M | $1.07B | $1.71B | $1.71B |
| Shareholders' equity | $1.57B | $1.62B | $1.61B | $1.61B | $1.51B | $1.22B | $1.02B | $1.02B |
| Cash flow | ||||||||
| Operating cash flow | $191.9M | $153.4M | $91.0M | $99.0M | $195.7M | $204.0M | $91.5M | $155.7M |
| Capital expenditure | $36.1M | $40.6M | $32.2M | $36.6M | $35.6M | $42.7M | $37.9M | $33.2M |
| Free cash flow | $155.8M | $112.8M | $58.8M | $62.4M | $160.1M | $161.3M | $53.6M | $122.5M |
| Dividends paid | $17.4M | $17.3M | $19.5M | $19.3M | $19.2M | $18.9M | $19.9M | $19.0M |
| Share buybacks | $0 | $11.6M | $109.6M | $112.0M | $170.1M | $395.3M | $300.0M | $100.0M |
From Morningstar's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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