Morningstar Inc.

MORN | NASDAQ

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$201.47

-$2.36 (-1.16%)

At close: Sep 21, 2026, 4:00 PM ET

$201.47

$0 (0.00%)

After-hours: Sep 21, 2026, 7:30 PM ET

Overview Rating Statistics Financials Earnings Analysts Ownership Dividends Profile

Market Data

Market Cap $7.65B

Enterprise Value $8.94B

Beta 1.00

Average Volume 450.26K

Shares Outstanding (Diluted) 38.1M

Shares Change YoY -10.98%

Institutional Ownership 60.30%

Exchange NASDAQ

ISIN US6177001095

Price Performance

Price Change 1M -7.1%

Price Change 3M 29.0%

Price Change 6M 26.7%

Price Change YTD -4.3%

Price Change 1Y -13.9%

Price Change 3Y -17.3%

Price Change 5Y -27.7%

1M CAGR (ann.) 3.7%

1Y CAGR (ann.) -17.3%

5Y CAGR (ann.) -5.4%

All-Time CAGR 9.2%

Valuation

PE Ratio 19.08

Forward PE 12.88

PEG Ratio 1.57

Forward PEG 1.46

PS Ratio 2.94

Forward PS 2.70

PB Ratio 7.38

P/FCF Ratio 15.19

P/Adj. FCF Ratio 17.15

P/OCF Ratio 11.77

EV/Sales 3.48

EV/EBIT 14.59

EV/EBITDA 11.01

EV/FCF 17.97

Earnings Yield 5.2%

FCF Yield 6.6%

Adj. FCF Yield 5.8%

Financial Health

Net Debt $1.19B

Total Debt $1.9B

Cash & Short-Term Investments $523.8M

Total Assets $3.95B

Current Ratio 1.06

Quick Ratio 1.06

Debt / Equity Ratio 1.86

Debt / EBITDA 2.35

Debt / FCF 3.83

OCF / Debt 0.34

Interest Coverage 11.29

Altman Z-Score 3.60

Piotroski F-Score 6

Margins & Profitability

Gross Profit Margin 62.2%

Operating Profit Margin 23.5%

EBITDA Margin 31.6%

Net Profit Margin 16.4%

FCF Margin 19.4%

Adj. FCF Margin 17.2%

SBC / Revenue 2.2%

SBC Impact (per share) -11.4%

Returns

Return on Assets 10.7%

Return on Equity 35.3%

Return on Invested Capital 15.0%

Return on Capital Employed 20.4%

Return on Tangible Assets 25.9%

Historical Growth (CAGR)

Revenue CAGR 3Y 10.0%

Revenue CAGR 5Y 10.7%

Revenue CAGR 10Y 12.5%

EPS CAGR 3Y 161.6%

EPS CAGR 5Y 13.8%

EPS CAGR 10Y 13.4%

FCF CAGR 3Y 58.9%

FCF CAGR 5Y 9.7%

FCF CAGR 10Y 12.6%

Analyst Forecasts

Analyst Rating Hold

Analyst Count 6

EPS Growth Next 3Y 16.5%

Revenue Growth Next 3Y 6.3%

Earnings Date N/A

EPS Estimate (next Q) N/A

EPS Growth Est (next Q) N/A

Revenue Est (next Q) N/A

Revenue Growth Est (next Q) N/A

Fair Value Estimates

Graham Number $80.21

Graham Upside -60.2%

Lynch Fair Value $145.83

Lynch Upside -27.6%

Price Target $227.33

Price Target Upside 12.8%

Cash Flow

Operating Cash Flow $646.9M

Free Cash Flow $497.5M

Adj. Free Cash Flow $440.8M

FCF Per Share $13.16

OCF Per Share $17.11

OCF/S Ratio 25.2%

Income Statement

Revenue $2.57B

Gross Profit $1.6B

Operating Income $603.9M

EBITDA $812.1M

Net Income $421.6M

EPS (Diluted) $10.56

Revenue / Employee $233.89K

Profit / Employee $38.42K

Employees 10,973

Dividends

Annual Dividend $1.96

Dividend Yield 0.97%

Payout Ratio 18.5%

FCF Payout Ratio 15.5%

Adj. FCF Payout Ratio 17.5%

Dividend Growth (YoY) 10.4%

Pay Frequency Quarterly

Ex-Dividend Date Oct 1, 2026