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Morningstar
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  • Income Statement
  • Balance Sheet
  • Cashflow Statement
  • Profitability
  • Ratios

Morningstar's Income Statement

  Chart 2021 2022 2023 2024 2025
Revenue
$1.70 B $1.87 B $2.04 B $2.28 B $2.46 B
Cost of Revenue
$698.40 M $779.30 M $843.50 M $895.70 M $1.14 B
Gross Profit
$1.00 B $1.09 B $1.20 B $1.38 B $1.32 B
Research & Development
- - $81.20 M - -
Selling,General & Administrative
$593.20 M $756.90 M $779.60 M $768.20 M $801.00 M
Operating Expense
$743.90 M $923.50 M $964.50 M $894.60 M $801.00 M
Operating Income
$257.00 M $167.80 M $230.60 M $484.80 M $514.40 M
Net Income
$193.30 M $70.50 M $141.10 M $369.90 M $374.20 M

Morningstar's Balance Sheet

Chart 2021 2022 2023 2024 2025
Cash and Cash Equivalents
$546.10 M $414.60 M $389.00 M $551.00 M $528.70 M
Inventories
- - - - -
Total Current Assets
$887.60 M $810.80 M $815.70 M $1.01 B $1.04 B
Property,Plant and Equipment
$321.00 M $391.00 M $371.60 M $400.10 M $390.90 M
Goodwill
$1.21 B $1.57 B $1.58 B $1.56 B $1.61 B
Total Assets
$2.86 B $3.47 B $3.40 B $3.55 B $3.59 B
Total Liabilities
$1.45 B $2.27 B $2.08 B $1.93 B $2.37 B
Retained Earnings
$1.53 B $1.54 B $1.61 B $1.91 B -
Total Shareholder Equity
$1.42 B $1.21 B $1.33 B $1.62 B $1.22 B
Common Stock
- - - - -

Morningstar's Cash flow

Chart 2021 2022 2023 2024 2025
Depreciation & Amortization
$150.70 M $166.60 M $184.90 M $190.40 M $189.90 M
Dividends Payout
-$54.20 M -$61.50 M -$63.90 M -$69.30 M -$76.90 M
Capital Expenditures (Capex)
-$101.80 M -$129.50 M -$119.10 M -$142.70 M -$147.10 M
Free Cash Flow (FCF)
$348.10 M $168.30 M $197.30 M $448.90 M $442.60 M

Morningstar's Profitability

Chart 2021 2022 2023 2024 2025
Gross Profit
$1.00 B $1.09 B $1.20 B $1.38 B $1.32 B
Gross Profit Margin (%)
Operating Income
$257.00 M $167.80 M $230.60 M $484.80 M $514.40 M
Operating Income Margin (%)
Net Income
$193.30 M $70.50 M $141.10 M $369.90 M $374.20 M
Net Income Margin (%)
EBITDA
$409.90 M $325.60 M $427.10 M $731.60 M $704.30 M
EBITDA Margin (%)

Morningstar's Ratios

Chart
Return on Equity (ROE)
13.65% 5.84% 10.63% 22.85% 30.62%
Return on Assets (ROA)
6.75% 2.03% 4.15% 10.42% 10.42%
Debt to Equity
Debt to total asset
Enterprise value to revenue
8.68 5.44 6.38 6.51 4.08
Enterprise value to EBITDA
35.38 31.43 31.01 20.74 14.25
Enterprise value
$14.75 B $10.17 B $13.02 B $14.81 B $10.04 B
Tax Rate (%)

Frequently Asked Questions

What is Morningstar's revenue?

In fiscal year 2025, Morningstar generated a total revenue of $2.46 Billion.

What is Morningstar's net income and net income margin?

In fiscal year 2025, Morningstar earned a net income of $374.20 Million, with a net income margin of N/A%.

What is Morningstar's gross profit and gross profit margin?

In fiscal year 2025, Morningstar's gross profit was $1.32 Billion, with a gross profit margin of N/A%.

What is Morningstar's operating profit and operating profit margin?

In fiscal year 2025, Morningstar's operating profit was $514.40 Million, with an operating profit margin of N/A%.

What is Morningstar's EBITDA?

In fiscal year 2025, Morningstar's EBITDA was $704.30 Million.

What is Morningstar's free cash flow?

In fiscal year 2025, Morningstar's free cash flow was $442.60 Million.

What are Morningstar's total asset and total liability?

In fiscal year 2025, Morningstar's total asset was $3.59 Billion, while its total liability was $2.37 Billion.

What are Morningstar's capital expenditure (capex) and operating expense (opex)?

In fiscal year 2025, Morningstar's capital expenditure (capex) was -$147.10 Million, while its operating expense (opex) was $801.00 Million.

What is Morningstar's Return on Equity (ROE)?

In fiscal year 2025, Morningstar's Return on Equity (ROE) was 30.62%.

What is Morningstar's Market cap?

As of , Morningstar's market cap is .

What is Morningstar's Enterprise value?

Morningstar's enterprise value reached $10.04 Billion, according to its recent quarterly filing.

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