Morningstar, Inc. financial data

Symbol
MORN on Nasdaq
Location
Chicago, IL
Fiscal year end
31 December
Latest financial report
10-K - Q4 2025 - 13 Feb 2026

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 106% % 0.69%
Operating Margin 22% % 1.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 39,583,760 shares
Common Stock, Shares, Outstanding 39,740,881 shares -7.3%
Entity Public Float $8,300,000,000 USD 3.8%
Common Stock, Value, Issued $0 USD
Weighted Average Number of Shares Outstanding, Basic 41,900,000 shares -2.1%
Weighted Average Number of Shares Outstanding, Diluted 42,200,000 shares -2.1%

Income Statement

Label TTM Value / Value Unit Change %
Revenues $2,445,500,000 USD 7.5%
Revenue from Contract with Customer, Excluding Assessed Tax $2,445,500,000 USD 7.5%
Selling and Marketing Expense $467,000,000 USD 5.9%
General and Administrative Expense $334,000,000 USD 2.1%
Costs and Expenses $1,943,800,000 USD 4.8%
Operating Income (Loss) $526,600,000 USD 8.6%
Nonoperating Income (Expense) $27,600,000 USD -525%
Income Tax Expense (Benefit) $121,500,000 USD 17%
Earnings Per Share, Basic 8.93 USD/shares 3.4%
Earnings Per Share, Diluted 8.87 USD/shares 3.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $474,500,000 USD -5.6%
Marketable Securities, Current $54,200,000 USD 12%
Accounts Receivable, after Allowance for Credit Loss, Current $390,400,000 USD 9%
Other Assets, Current $24,800,000 USD 119%
Assets, Current $1,038,000,000 USD 2.4%
Deferred Income Tax Assets, Net $78,700,000 USD 82%
Property, Plant and Equipment, Net $231,900,000 USD 5.9%
Operating Lease, Right-of-Use Asset $159,000,000 USD -12%
Goodwill $1,610,800,000 USD 3.1%
Other Assets, Noncurrent $12,100,000 USD 38%
Assets $3,590,200,000 USD 1.2%
Employee-related Liabilities, Current $294,200,000 USD 8.1%
Contract with Customer, Liability, Current $584,900,000 USD 4%
Liabilities, Current $1,053,300,000 USD 8.9%
Contract with Customer, Liability, Noncurrent $21,000,000 USD -6.2%
Deferred Income Tax Liabilities, Net $27,200,000 USD -1.4%
Operating Lease, Liability, Noncurrent $146,700,000 USD -14%
Other Liabilities, Noncurrent $14,300,000 USD 25%
Liabilities $2,368,300,000 USD 23%
Accumulated Other Comprehensive Income (Loss), Net of Tax $68,100,000 USD 43%
Retained Earnings (Accumulated Deficit) $2,206,200,000 USD 16%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $1,221,900,000 USD -25%
Liabilities and Equity $3,590,200,000 USD 1.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $91,000,000 USD -2.8%
Net Cash Provided by (Used in) Financing Activities $24,100,000 USD 45%
Net Cash Provided by (Used in) Investing Activities $70,700,000 USD -165%
Common Stock, Shares Authorized 200,000,000 shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $8,800,000 USD -44%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $474,500,000 USD -5.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities $6,400,000 USD -44%
Operating Lease, Liability $188,500,000 USD -8.2%
Depreciation $130,000,000 USD 3.7%
Payments to Acquire Property, Plant, and Equipment $32,200,000 USD -5.6%
Lessee, Operating Lease, Liability, to be Paid $217,100,000 USD -9.4%
Property, Plant and Equipment, Gross $1,131,800,000 USD 12%
Operating Lease, Liability, Current $41,800,000 USD 19%
Lessee, Operating Lease, Liability, to be Paid, Year Two $42,900,000 USD -3.6%
Lessee, Operating Lease, Liability, to be Paid, Year One $49,500,000 USD 14%
Operating Lease, Weighted Average Discount Rate, Percent 0.046 pure 2.2%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $28,600,000 USD -16%
Lessee, Operating Lease, Liability, to be Paid, Year Three $35,500,000 USD -7.3%
Unrecognized Tax Benefits $12,300,000 USD 11%
Lessee, Operating Lease, Liability, to be Paid, Year Four $24,100,000 USD -25%
Operating Lease, Payments $44,600,000 USD 1.6%
Amortization of Intangible Assets $59,800,000 USD -7.3%
Depreciation, Depletion and Amortization $189,900,000 USD -0.26%
Deferred Tax Assets, Net of Valuation Allowance $261,500,000 USD 18%
Share-based Payment Arrangement, Expense $56,400,000 USD 3.1%