Morningstar, Inc.

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $12.48B
  • PE 32
  • Debt $803.70M
  • Cash $511.50M
  • EV $12.77B
  • FCF $448.20M

Earnings

loading chart...

Sales & Net Margins

loading chart...
Earnings$384.20M
EBIT$506.30M
ROE24%
ROA14%
FCF$448.20M
Equity$1.61B
Growth Stability37%
PE32.47
PEG18.61
PB7.75
P/FCF27.83
P/S5.39
Price/Cash0.04
Debt/Equity0.5
Debt/FCF1.79
Net Margins13%
Gross Margins61%
Op. Margins22%
Earnings CAGR0%
Sales Growth YoY7%
Sales Growth QoQ-2%
Sales CAGR15%
FCF CAGR7%
Equity CAGR10%
Earnings Stability0
Earnings Growth YoY22%
Earnings Growth QoQ-33%
Earnings CAGR 5Y2%
Sales CAGR 5Y13%
FCF CAGR 5Y2%
Equity CAGR 5Y5%
Earnings CAGR 3Y10%
Sales CAGR 3Y10%
FCF CAGR 3Y48%
Equity CAGR 3Y13%
Market Cap$12.48B
Revenue$2.31B
Dividend Yield1%
Payout Ratio19%
Assets$3.59B
Total Debt$803.70M
Cash$511.50M
Shares Outstanding42.5M
EV12.77B
Earnings Score6%
Moat Score95%
Safety Score66%
Final Score56%
Working Capital100M
Current Ratio1.11
Gross Profit$1.41B
Shares Growth 3y0%
Equity Growth QoQ-1%
Equity Growth YoY16%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...
Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors. The company focuses its operations on two core sectors: data and research. It offers data on investments such as mutual funds, stocks, exchange-traded funds, closed-end funds, separate accounts, and variable annuities. Further, the company tracks real-time market data of equity, derivative, and currency exchanges and other investments. In its research operation, Morningstar offers analyst research on passive and active mutual funds, alternative funds, and college saving plans. Morningstar's largest share of revenue is generated in the United States of America.

SEC Filings

Direct access to Morningstar, Inc. (MORN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2025
    • 10-Q Mar 31
  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Morningstar, Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Morningstar, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 0%
Stability 0%
loading chart...

Morningstar, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Morningstar, Inc..

= $7.3B
012345678910TV
fcf$448M$480M$514M$550M$588M$630M$674M$722M$772M$827M$885M$8.8B
DCF$436M$424M$413M$402M$391M$381M$370M$360M$351M$341M$3.4B
Value$7.3B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins17%20%15%18%13%16%11%4%7%16%13%
ROA-17%13%16%8%10%9%5%7%14%14%
ROE-23%17%20%14%18%14%6%11%23%24%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-0-0.292.061.461.036.785.11.561.79
Debt over Equity0.050-0.070.480.350.250.950.760.430.5
Growth Stability---100%95%100%100%37%87%100%37%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-1%14%12%16%18%22%10%9%12%13%
Earnings YoY growth-21%-15%34%-17%47%-14%-64%100%162%2%
Equity YoY growth-9%16%16%16%17%11%-15%10%22%5%
FCF YoY growth--17%22%30%7%21%13%-52%17%128%2%