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Morningstar Overview

Company: Morningstar
CEO: Kunal Kapoor
Symbol: MORN
Exchange: NASDAQ
Industry: Financial - Data & Stock Exchanges
Sector: Financial Services
About

Morningstar operates as a leading global provider of independent investment research and insights, catering to clients across North America, Europe, Australia, and Asia. The firm delivers a comprehensive range of services,luding sophisticated web-based analytical tools, extensive investment data, and specialized research focusing on fundamental equity, manager selection, and private capital markets. Additionally, Morningstar offers credit and fund ratings, ESG (environmental, social, and governance) ratings, and index solutions. Its product suite also encompasses various investment offerings, such as managed portfolios, data on both publicly traded and private companies, fixedome securities, and real-time global market information. These services are designed to serve a diverse client base,luding financial advisors, asset management companies, retirement plan administrators and sponsors, alongside individual and institutional investors. Among its key offerings are: Morningstar Data: A vast repository of investment intelligence, encompassing equity fundamentals, managed investments, ESG factors, and market data. Morningstar Direct: An advanced platform built for in-depth investment analysis. Morningstar Managed Portfolios: A model portfolio service tailored for independent financial advisors, also providing asset allocation strategies for asset managers, broker/dealers, and insurance providers. Morningstar Advisor Workstation: A web-based platform enabling research, financial planning, and the generation of proposals. Morningstar.com: The company's dedicated online portal for individual investors. Furthermore, Morningstar provides Morningstar Enterprise Components and Morningstar Credit Ratings, which offer issuance and surveillance capabilities for structured finance products, corporate credit evaluations, and operational risk assessments. It also creates Morningstar Indexes for developing specialized investment products and offers workplace solutions,luding retirement accounts, fiduciary services, allocation funds, and custom models. Through its PitchBook Platform, the company provides a robust research and analysis workstation for investment and research professionals, supplemented by a mobile application, an Excel plug-in, data feeds, and various data solutions. Morningstar was founded in 1984 and has its corporate headquarters situated in Chicago, Illinois.

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Morningstar (MORN)

  • Stock Price
  • Volume
165.94 -90.69 -35.34%
Past 5 Years
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Revenue

Morningstar annual revenue was $2.46 B in 2025.

Net Income

Morningstar annual net income was $374.20 M in 2025.

Employees

Morningstar annual employee count was 10,973 in 2025.

Revenue by Segment

Morningstar’s revenue by segment: Asset-Based: $343.00 M, Licensed-Based: $1.72 B and Transaction-Based: $383.30 M in 2025.

Revenue by Region

Morningstar’s revenue by region: Asia: $48.00 M, AUSTRALIA: $65.30 M, CANADA: $154.90 M, Europe excluding the United Kingdom: $219.60 M, Non United States: $690.60 M, Segment, Geographical, Group of Other Countries: $13.00 M and UNITED STATES: $1.75 B in 2025.

Executive Salary

Kunal Kapoor Chief Executive Officer, at Morningstar, makes $9.07 M ...

Revenue per Employee

Morningstar revenue per employee was $224.02 K in 2025.

Profit per Employee

Morningstar profit per employee was $34.10 K in 2025.

Income Statement

Operating Income

Morningstar annual operating income was $514.40 M in 2025.

Research & Development

Morningstar annual research & development expense was - in 2025.

Tax Rate (%)

Morningstar annual Tax Rate was 25.00% in 2025.

Assets & Liabilities | Cash Flow

Total Assets

Morningstar annual total assets was $3.59 B in 2025.

Total Liabilities

Morningstar annual total liabilities was $2.37 B in 2025.

Capital Expenditure

Morningstar annual capital expenditures was -$147.10 M in 2025.

Ratios

Return on Equity (ROE)

Morningstar annual return on equity(ROE) was 30.62% in 2025.

Return on Assets (ROA)

Morningstar annual return on assets(ROA) was 10.42% in 2025.

Debt to Equity

Morningstar annual debt to equity was 115.21% in 2025.

Profitability

Gross Profit Margin (%)

Morningstar annual gross profit margin was 53.51% in 2025.

Operating Income Margin (%)

Morningstar annual operating income margin was 20.93% in 2025.

Net Income Margin (%)

Morningstar annual net income margin was 15.30% in 2025.

Earning Per Share

Morningstar annual earning per share was $8.93 in 2025.

EBITDA

Morningstar annual EBITDA was $704.30 M in 2025.

Free Cash Flow (FCF)

Morningstar annual free cash flow(FCF) was $442.60 M in 2025.

Valuation

Enterprise value

Morningstar annual enterprise value was $10.04 B in 2025.

Enterprise value to Revenue

Morningstar annual enterprise value to revenue was 4.08 in 2025.

Enterprise value to EBITDA

Morningstar annual enterprise value to EBITDA was 14.25 in 2025.

Competitors’ Revenue

Frequently Asked Questions

Who is the CEO of Morningstar?

Kunal Kapoor is the CEO of Morningstar.

What industry and sector is Morningstar in?

Morningstar operates in the Financial - Data & Stock Exchanges industry and the Financial Services sector.

What are Morningstar's CIK, SIC, and ISIN codes?

  • CIK (Central Index Key): 0001289419
  • SIC (Standard Industrial Classification):
  • ISIN (International Securities Identification Number): US6177001095

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How many employees does Morningstar have?

Morningstar has 10,973 employees.

What is the revenue of Morningstar?

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

What is the net income of Morningstar?

In fiscal year 2025, Morningstar reported a net income of $374.20 Million.

What is Morningstar's biggest product segment?

Licensed-Based is Morningstar's biggest product segment, representing 70.3% of its total revenue.

When was Morningstar listed on the stock exchange?

Morningstar went public on May 3, 2005, through its Initial Public Offering (IPO), and it has been 21 years since then.

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What is the ticker symbol of Morningstar, and where is it listed?

Morningstar's ticker symbol is MORN, and the company is listed on the NASDAQ stock market exchange.

What is Morningstar's current stock price?

Morningstar's current stock price is $165.89 as of Jul 3, 2026.

What is Morningstar's market capitalization?

As of , Morningstar's market cap is .

What is Morningstar's ranking in the world?

Ranked #473among 2,968 companies based on market cap.

Who are the top competitors of Morningstar?

Competitors of Morningstar include Nasdaq, S&P Global and Intercontinental Exchange, and more.

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