Morningstar, Inc. financial data

Symbol
MORN on Nasdaq
Location
22 West Washington Street, Chicago, IL
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2025 - Oct 30, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 108 % +5.5%
Operating Margin 22.3 % +20.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 41.1M shares -4.09%
Common Stock, Shares, Outstanding 41.5M shares -3.21%
Entity Public Float 8B USD +56.9%
Common Stock, Value, Issued 0 USD
Weighted Average Number of Shares Outstanding, Basic 42.1M shares -1.87%
Weighted Average Number of Shares Outstanding, Diluted 42.3M shares -2.08%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 2.4B USD +7.77%
Revenue from Contract with Customer, Excluding Assessed Tax 2.4B USD +7.77%
Selling and Marketing Expense 465M USD +9.62%
General and Administrative Expense 333M USD +0.97%
Costs and Expenses 1.93B USD +6.28%
Operating Income (Loss) 535M USD +30.2%
Nonoperating Income (Expense) -24.2M USD -414%
Income Tax Expense (Benefit) 119M USD +41.3%
Earnings Per Share, Basic 8 USD/shares +16.3%
Earnings Per Share, Diluted 8 USD/shares +16.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 503M USD +48.8%
Marketable Securities, Current 40.3M USD -17.4%
Accounts Receivable, after Allowance for Credit Loss, Current 364M USD +10.8%
Other Assets, Current 11.2M USD +43.6%
Assets, Current 979M USD -4.26%
Deferred Income Tax Assets, Net 65.7M USD +113%
Property, Plant and Equipment, Net 226M USD +6.36%
Operating Lease, Right-of-Use Asset 164M USD +4.38%
Goodwill 1.61B USD +2.22%
Other Assets, Noncurrent 10.4M USD +46.5%
Assets 3.56B USD -0.24%
Employee-related Liabilities, Current 231M USD +6.94%
Contract with Customer, Liability, Current 585M USD +3.96%
Liabilities, Current 946M USD +5.54%
Contract with Customer, Liability, Noncurrent 22.4M USD -14.8%
Deferred Income Tax Liabilities, Net 27.2M USD -9.03%
Operating Lease, Liability, Noncurrent 154M USD +5.56%
Other Liabilities, Noncurrent 13.7M USD -31.8%
Liabilities 2.04B USD +2.15%
Accumulated Other Comprehensive Income (Loss), Net of Tax -71.4M USD +3.77%
Retained Earnings (Accumulated Deficit) 2.11B USD +16.5%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1.51B USD -3.3%
Liabilities and Equity 3.56B USD -0.24%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 91M USD -2.78%
Net Cash Provided by (Used in) Financing Activities -24.1M USD +44.6%
Net Cash Provided by (Used in) Investing Activities -70.7M USD -165%
Common Stock, Shares Authorized 200M shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 8.8M USD -44.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 474M USD -14.2%
Interest Paid, Excluding Capitalized Interest, Operating Activities 6.4M USD -44.3%
Operating Lease, Liability 194M USD +8.88%
Depreciation 132M USD +3.24%
Payments to Acquire Property, Plant, and Equipment 32.2M USD -5.57%
Lessee, Operating Lease, Liability, to be Paid 224M USD +11.1%
Property, Plant and Equipment, Gross 1.01B USD +9.5%
Operating Lease, Liability, Current 39.9M USD +23.9%
Lessee, Operating Lease, Liability, to be Paid, Year Two 48.1M USD +19.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 11.2M USD +20.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 30.2M USD +27.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 41.5M USD -3.04%
Unrecognized Tax Benefits 12.5M USD -13.8%
Lessee, Operating Lease, Liability, to be Paid, Year Four 35.2M USD +3.84%
Operating Lease, Payments 42.1M USD -7.88%
Amortization of Intangible Assets 59.4M USD -12%
Depreciation, Depletion and Amortization 191M USD +1.43%
Deferred Tax Assets, Net of Valuation Allowance 221M USD +20%
Share-based Payment Arrangement, Expense 62M USD +24.2%