Morningstar, Inc. (MORN)

158.31 0 (0%)

As of 2026-02-17 17:28:17 EST

Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.

Traded asNasdaq: MORN
ISINUS6177001095
CIK0001289419
LEI529900YGNQPOVAXQ7F29
EIN363297908
SectorInvestment research
IndustryInvestment Advice
CEOKunal Kapoor
Employees11,085
Fiscal Year End1231
Address22 WEST WASHINGTON STREET, CHICAGO, IL, 60602
Phone(312) 696-6000
Websitehttps://morningstar.com
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
MORNMorningstar, Inc.2026-02-17 17:28:17158.3100
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
MORN0001289419Morningstar, Inc.US6177001095529900YGNQPOVAXQ7F29363297908Nasdaq6282Investment Advice1231IL22 WEST WASHINGTON STREETCHICAGOIL60602UNITED STATESUS(312) 696-600022 WEST WASHINGTON STREET, CHICAGO, IL, 6060222 WEST WASHINGTON STREET, CHICAGO, IL, 60602—Investment research1984Kunal Kapoor11,085https://morningstar.com8,000,000,000—41,129,198Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.2026-02-12 16:23:53
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MORN Stock Price (End-of-Day)
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MORN Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
20248,000,000,0002,900,000,00056.862742,839,680111,4980.2609
20235,100,000,000-900,000,000-1542,728,182248,1310.5841
20226,000,000,000-200,000,000-3.225842,480,051-482,268-1.1225
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Danny DunnChief Revenue Officer2024460,000—1,475,267520,72017,2502,473,237
Joe MansuetoExecutive Chairman2024100,000—005,250105,250
Kunal KapoorChief Executive Officer2024525,000—5,818,0542,275,32017,2518,635,625
Jason DubinskyChief Financial Officer2024475,000—6,602,290772,590521,9918,371,871
Joe MansuetoExecutive Chairman2023100,000—005,250105,250
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Employee Count
Fiscal YearEmployee Count
20234
202212,224
20219,556
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Income Statements
Fiscal Year202520242023
Revenue2,445,500,0002,275,100,0002,038,600,000
Cost Of Revenue952,900,000895,700,000843,500,000
Gross Profit———
Research And Development Expenses———
General And Administrative Expenses334,000,000327,200,000355,800,000
Operating Expenses1,943,800,0001,854,300,0001,808,000,000
Operating Income526,600,000484,800,000230,600,000
Net Income374,200,000369,900,000141,100,000
Earnings Per Share Basic8.938.643.31
Earnings Per Share Diluted8.878.583.29
Weighted Average Shares Outstanding Basic41,900,00042,800,00042,600,000
Weighted Average Shares Outstanding Diluted42,200,00043,100,00042,900,000
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Balance Sheet Statements
Fiscal Year202520242023
Cash And Cash Equivalents474,500,000502,700,000337,900,000
Marketable Securities Current54,200,00048,300,00051,100,000
Accounts Receivable390,400,000358,100,000343,900,000
Inventories———
Non Trade Receivables16,200,00012,400,000600,000
Other Assets Current24,800,00011,300,0005,400,000
Total Assets Current1,038,000,0001,014,100,000815,700,000
Marketable Securities Non Current——0
Property Plant And Equipment231,900,000218,900,000207,700,000
Other Assets Non Current12,100,0008,800,0008,800,000
Total Assets Non Current2,552,200,0002,534,800,0002,587,700,000
Total Assets3,590,200,0003,548,900,0003,403,400,000
Accounts Payable97,900,00087,300,00078,400,000
Deferred Revenue586,100,000540,800,000517,700,000
Short Term Debt—032,100,000
Other Liabilities Current9,300,0001,400,0001,800,000
Total Liabilities Current1,053,300,000967,300,000880,800,000
Long Term Debt1,072,600,000698,600,000972,400,000
Other Liabilities Non Current14,300,00011,400,00017,500,000
Total Liabilities Non Current1,315,000,000963,000,0001,194,800,000
Total Liabilities2,368,300,0001,930,300,0002,075,600,000
Common Stock000
Retained Earnings2,206,200,0001,909,200,0001,610,800,000
Accumulated Other Comprehensive Income-68,100,000-119,400,000-86,500,000
Total Shareholders Equity1,221,900,0001,618,600,0001,327,800,000
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Cash Flow Statements
Fiscal Year202520242023
Depreciation And Amortization189,900,000190,400,000184,900,000
Share Based Compensation Expense56,400,00054,700,00052,800,000
Other Non Cash Income Expense3,200,000-2,400,00021,200,000
Change In Accounts Receivable26,000,00030,300,00038,200,000
Change In Inventories———
Change In Non Trade Receivables———
Change In Other Assets———
Change In Accounts Payable———
Change In Other Liabilities1,600,00016,600,000-9,800,000
Cash From Operating Activities589,700,000591,600,000316,400,000
Purchases Of Marketable Securities22,200,00016,000,00015,700,000
Sales Of Marketable Securities45,500,00027,100,00031,100,000
Acquisition Of Property Plant And Equipment147,100,000142,700,000119,100,000
Acquisition Of Business39,000,0000800,000
Other Investing Activities-4,900,000-200,000-100,000
Cash From Investing Activities-139,300,000-21,300,000-81,900,000
Tax Withholding For Share Based Compensation———
Payments Of Dividends77,200,00071,500,00065,300,000
Issuance Of Common Stock———
Repurchase Of Common Stock787,000,00011,600,0001,400,000
Issuance Of Long Term Debt800,000,00090,000,000260,000,000
Repayment Of Long Term Debt———
Other Financing Activities-3,000,0000100,000
Cash From Financing Activities-514,700,000-384,400,000-278,400,000
Change In Cash-28,200,000164,800,000-38,700,000
Cash At End Of Period474,500,000502,700,000337,900,000
Income Taxes Paid171,800,000115,600,00073,200,000
Interest Paid37,300,00047,400,00058,400,000
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Key Metrics
Fiscal Year202520242023
Earnings Per Share8.938.643.31
Price To Earnings Ratio24.334838.976986.4773
Earnings Growth Rate3.3565161.0272100.6061
Price Earnings To Growth Ratio7.25010.24210.8596
Book Value Per Share29.162337.817831.169
Price To Book Ratio7.45178.90489.1835
Ebitda735,900,000675,900,000399,200,000
Enterprise Value9,703,389,00014,609,228,00012,860,424,000
Dividend Yield0.00850.0050.0054
Dividend Payout Ratio0.20630.19330.4628
Debt To Equity Ratio0.87780.43160.7565
Capital Expenditures202,900,000201,600,000193,200,000
Free Cash Flow386,800,000390,000,000123,200,000
Return On Equity0.30620.22850.1063
One Year Beta0.82350.75640.91
Three Year Beta0.83141.07361.1199
Five Year Beta1.00410.85830.8521
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Mansueto Joseph DDirector, Executive Chairman, 10% owner2026-02-132,676D8,202,827
Mansueto Joseph DDirector, Executive Chairman, 10% owner2026-02-131,693D8,201,134
Mansueto Joseph DDirector, Executive Chairman, 10% owner2026-02-13697D8,200,437
Mansueto Joseph DDirector, Executive Chairman, 10% owner2026-02-131,424D8,199,013
Mansueto Joseph DDirector, Executive Chairman, 10% owner2026-02-13613D8,198,400
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House Trading
Name Of Reporting PersonReport DateStateTransaction TypeTransaction DateOwner TypeAmount
April McClain Delaney2026-02-02MD06Sale (Partial)2026-01-15Child$1,001 - $15,000
Lisa McClain2025-09-12MI09Sale2025-08-04Spouse$1,001 - $15,000
April McClain Delaney2025-09-02MD06Purchase2025-08-02Child$15,001 - $50,000
Lisa McClain2025-08-13MI09Purchase2025-07-22Spouse$1,001 - $15,000
Nancy Pelosi2020-06-09CA12Sale (Partial)2020-05-08Spouse$100,001 - $250,000
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
MACKENZIE FINANCIAL CORP2025-12-31622,2532,860217.571
Kensington Investment Counsel, LLC2025-12-311,542,9017,100217.31
MERCER GLOBAL ADVISORS INC /ADV2025-12-312,186,32010,061217.3064
RAYMOND JAMES FINANCIAL INC2025-12-316,688,31430,778217.3083
LAZARD ASSET MANAGEMENT LLC2025-12-312,589,68311,917217.31
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
WASATCH FUNDS TRUST2025-12-31Institutional Class SharesWGLSX5,2171,133,706.272.983
WASATCH FUNDS TRUST2025-12-31Investor Class SharesWALSX5,2171,133,706.272.983
WASATCH FUNDS TRUST2025-12-31Institutional Class SharesWIGRX176,32538,317,185.751.1062
WASATCH FUNDS TRUST2025-12-31Investor Class sharesWGROX176,32538,317,185.751.1062
WASATCH FUNDS TRUST2025-12-31Investor Class SharesWAGSX1,671363,125.012.8554
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