Morningstar, Inc. (MORN)
About Morningstar, Inc.
Morningstar Inc is a provider of independent investment insights to financial advisers, asset managers, and investors. It provides data and research insights on various investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time market data. The company has five reportable segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. Maximum revenue is derived from the Morningstar Direct Platform, which provides investors with comprehensive data, research, insights, and investment analysis through product areas such as Morningstar Data, Morningstar Direct, and Morningstar Advisor Workstation. Geographically, it generates maximum revenue from the USA.
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Financial summary
- Revenue FY2025
- $2.4B
- Net income
- $183.0M
- Total assets
- $3.6B
- Market cap
- $7.1B
- Gross margin
- 61.0%
- Operating margin
- 21.5%
- Net margin
- 15.3%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $2.4B
- Cost of revenue
- $952.9M
- Gross profit
- $1.5B
- Operating expenses
- $966.0M
- Operating income
- $526.6M
- Income tax
- $121.5M
- Net income
- $374.2M
- EPS (basic)
- $8.93
- EPS (diluted)
- $8.87
Balance sheet
- Total assets
- $3.6B
- Current assets
- $1.0B
- Total liabilities
- $2.4B
- Current liabilities
- $1.1B
- Shareholders’ equity
- $1.2B
Cash flow
- Operating cash flow
- $589.7M
- Investing cash flow
- -$139.3M
- Financing cash flow
- -$514.7M
- Net cash flow
- -$28.2M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year · hover for prices
52-week range
- Market cap
- $7.1B
- P/E ratio
- 19.5
- EPS (diluted)
- $8.87
- Dividend yield
- 1.16%
- Shares outstanding
- 40.9M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- May 3, 2005
Morningstar, Inc. (MORN) Stock Price
- Profitable — net income of $183.0M in FY2025.
- Revenue grew 76% from FY2020 to FY2025.
- Gross margin of 61.0%, net margin 15.3%.
- Trading 45% below its 52-week high.
- Pays a dividend yielding about 1.16% annually.
- Valued at a price-to-earnings (P/E) ratio of 19.5.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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News about Morningstar, Inc.
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Morningstar, Inc.: frequently asked questions
Is Morningstar, Inc. an American company?
Morningstar, Inc. is a US-based company headquartered in Chicago, Illinois, listed in the americancompanies.com directory of American companies. Its American-origin credentials have not yet been independently verified.
Where is Morningstar, Inc. headquartered?
Morningstar, Inc. is headquartered in Chicago, Illinois, United States.
Is Morningstar, Inc. publicly traded?
Yes — Morningstar, Inc. is a publicly traded company. Its stock trades under the ticker symbol MORN on the NASDAQ.
What does Morningstar, Inc. do?
Morningstar, Inc. is an American Financial Services company in the Business & Financial Services sector.
