Morningstar, Inc. (MORN) Stock

About Morningstar, Inc.

Morningstar, Inc. is led by CEO Kunal Kapoor, employs 10,973 people, headquartered in Chicago, US, publicly traded since 2005.

Morningstar, Inc. (MORN) stock trades at $224.89 with a market capitalization of $8.44B. The stock is valued at a price-to-earnings (P/E) ratio of 17.91, price-to-book of 7.02, price-to-sales of 2.78. Over the past 52 weeks the stock has ranged between $141.49 and $233.46, and currently trades 3.7% below its 52-week high. It pays a dividend yielding 1.05%.

On profitability, Morningstar, Inc. generates a return on equity (ROE) of 35.29%, above the typical market range of roughly 12-15%, return on capital employed of 20.36%, an operating margin of 24.18%, a net profit margin of 16.43%.

Morningstar, Inc. by the numbers, 2016–2025

Between 2016 and 2025 Morningstar, Inc. reported revenue of $799.0M rising to $2.4B, a change of +206.1% across 10 years. Compounded, revenue has grown 12.0% a year over five years, 9.3% over three, 7.5% over the last twelve months. Net profit rose to $374.0M.

Operating margin went from 22.6% in 2016 to 21.5% in 2025, a fall of 1.1 percentage points. The most recent net margin is 16.43%. On a trailing twelve-month basis to Jun '26, revenue is $2.6B and net profit $422.0M.

Borrowings rose from $250.0M to $1.4B, cash from operations was $590.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 16.7% over five years, and was 30.6% in the most recent year.

The share price itself has compounded at -5.9% a year over five years, -1.9% over three, -42.7% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Morningstar, Inc. (MORN) — frequently asked questions