Morningstar, Inc. (MORN)

Price$185.76

Value ScoreC

Growth ScoreC

Momentum ScoreD

Favorite Metrics

Price vs S&P 500 (26W)-21.47%

Price vs S&P 500 (4W)5.14%

VGM Score42.11

Market Capitalization$7.06B

P/E Ratio (Annual)18.88x

Indicated Dividend Yield (Annual)1.09%

All Metrics

P/CF (Annual)11.98x

Book Value / Share (Quarterly)$26.79

P/TBV (Annual)10.61x

Indicated Dividend (Annual)$2.00

Revenue Growth (3Y)9.34%

Cash Flow / Share (Quarterly)$11.50

Payout Ratio (TTM)19.19%

Price vs S&P 500 (YTD)-22.68%

Gross Margin (TTM)61.71%

Net Profit Margin (TTM)16.06%

EPS (TTM)$9.79

10-Day Avg Trading Volume0.48M

EPS Excl Extra (TTM)$9.79

Revenue Growth (5Y)11.97%

EPS (Annual)$8.87

Dividend / Share (Annual)$1.86

ROI (Annual)16.31%

Gross Margin (Annual)61.03%

Net Profit Margin (5Y Avg)10.73%

Cash / Share (Quarterly)$14.00

P/E Basic Excl Extra (TTM)17.54x

Revenue Growth QoQ (YoY)10.81%

EPS Growth (5Y)11.37%

P/E Normalized (Annual)18.88x

ROA (Last FY)10.42%

Revenue Growth TTM (YoY)8.39%

EBITD / Share (TTM)$18.48

ROE (5Y Avg)16.72%

Operating Margin (TTM)22.66%

Cash Flow / Share (Annual)$11.14

P/B Ratio6.93x

P/B Ratio (Quarterly)6.39x

Net Income / Employee (Annual)$34,100

EV / Revenue (TTM)3.30x

Net Interest Coverage (TTM)18.45x

ROA (TTM)10.91%

EPS Growth QoQ (YoY)49.63%

EV / EBITDA (TTM)10.86x

EPS Incl Extra (Annual)$8.87

Current Ratio (Annual)0.99x

Quick Ratio (Quarterly)0.98x

3-Month Avg Trading Volume0.58M

52-Week Price Return-39.42%

EV / Free Cash Flow (Annual)18.72x

P/E Incl Extra (TTM)17.54x

Revenue / Employee (TTM)$228,600

Tangible BV / Share (Quarterly)$11.24

P/S Ratio (Annual)2.89x

Asset Turnover (Annual)0.68x

52-Week High$316.71

Operating Margin (5Y Avg)16.05%

EPS Excl Extra (Annual)$8.87

CapEx CAGR (5Y)13.91%

Tangible BV CAGR (5Y)-1.12%

26-Week Price Return-13.54%

Quick Ratio (Annual)0.95x

13-Week Price Return-2.16%

Total Debt / Equity (Annual)0.88x

Current Ratio (Quarterly)1.03x

Enterprise Value$8.28B

Revenue / Share Growth (5Y)12.50%

Asset Turnover (TTM)0.68x

Book Value / Share Growth (5Y)0.74%

Revenue / Employee (Annual)$222,900

Pretax Margin (Annual)20.40%

Cash / Share (Annual)$13.30

3-Month Return Std Dev46.71%

Gross Margin (5Y Avg)59.50%

Net Income / Employee (TTM)$36,700

EBITDA CAGR (5Y)15.10%

EBITDA Interim CAGR (5Y)14.87%

ROE (Last FY)30.62%

Net Interest Coverage (Annual)16.21x

EPS Basic Excl Extra (Annual)$8.87

P/FCF (TTM)16.15x

Receivables Turnover (TTM)6.13x

EV / Free Cash Flow (TTM)18.94x

Total Debt / Equity (Quarterly)1.68x

EPS Incl Extra (TTM)$9.79

Receivables Turnover (Annual)5.94x

ROI (TTM)16.37%

Dividend Growth Rate (5Y)9.19%

P/S Ratio (TTM)2.82x

Pretax Margin (5Y Avg)14.52%

Revenue / Share (Annual)$57.95

Tangible BV / Share (Annual)$21.20

Forward P/E14.53x

Free OCF CAGR (5Y)7.55%

Price vs S&P 500 (52W)-63.79%

P/E Ratio (TTM)17.54x

EPS Growth TTM (YoY)9.93%

Year-to-Date Return-14.52%

5-Day Price Return-5.14%

EPS Normalized (Annual)$8.87

ROA (5Y Avg)6.75%

Net Profit Margin (Annual)15.30%

Month-to-Date Return2.05%

Cash Flow / Share (TTM)$6.08

EBITD / Share (Annual)$16.98

EPS Growth (3Y)75.39%

Operating Margin (Annual)21.53%

LT Debt / Equity (Annual)0.88x

P/CF (TTM)11.97x

ROI (5Y Avg)10.47%

P/E Excl Extra (TTM)17.54x

LT Debt / Equity (Quarterly)1.66x

EPS Basic Excl Extra (TTM)$9.79

P/TBV (Quarterly)15.24x

Payout Ratio (Annual)20.55%

P/B Ratio (Annual)7.31x

Dividend / Share (TTM)$1.92

Pretax Margin (TTM)21.22%

Book Value / Share (Annual)$30.75

Price vs S&P 500 (13W)-10.41%

Net Margin Growth (5Y)-1.00%

Dividend Yield (TTM)1.09%

Beta0.99x

P/FCF (Annual)15.96x

Revenue / Share (TTM)$63.83

ROE (TTM)30.01%

52-Week Low$149.08

vGradeC

gGradeC

mGradeD

vgmGradeC

Show chart for

Earnings Surprise History

Q1 263.18est. 2.71

Analyst Recommendations

Feb 2026

Mar 2026

Apr 2026

May 2026

4.00

Industry Peers — Investment Advice(127)

Symbol	Value Score	Growth Score	Momentum Score	Price
MORNMorningstar, Inc.	C	C	D	$185.76
BXBlackstone Inc.	F	B	D	$115.35
KKRKKR & Co. Inc.	D	C	D	$93.40
KKRTKKR & Co. Inc. 6.875% Subordinated Notes due 2065	D	C	D	$24.51
APOApollo Global Management, Inc.	C	C	C	$128.03
APOSApollo Global Management, Inc. 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053	C	C	C	$25.41
BAMBrookfield Asset Management Ltd.	F	C	D	$46.18
AMPAmeriprise Financial, Inc.	C	B	C	$454.66
ARESAres Management Corporation Class A Common Stock	D	B	C	$125.65
TROWT Rowe Price Group Inc	B	D	B	$105.99
BENFranklin Resources, Inc.	C	C	A	$31.33

About

Morningstar Inc provides independent investment data, research, and insights to financial advisers, asset managers, and investors across equities, fixed income, private markets, and managed products. Its flagship Morningstar Direct Platform generates the majority of revenue through comprehensive analytics and research tools. The company also operates specialized segments including PitchBook for private capital intelligence, Morningstar Credit for fixed income research, and wealth management solutions, with the bulk of revenue coming from the U.S. market.