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Morningstar Inc

MORN

NASDAQ

Financial Services

$217.49

USD

+3.84 (+1.80%)

At close: Aug 20, 2026, 4:00 PM EDT

Market Cap $7.39B

Volume 287.5K

Price (USD)
Price (USD)

About Morningstar Inc

Morningstar, Inc. engages in the provision of investment research. The company is headquartered in Chicago, Illinois and currently employs 10,973 full-time employees. The company went IPO on 2005-05-03. Its segments include Morningstar Data and Analytics, PitchBook, Morningstar Wealth, Morningstar Credit, and Morningstar Retirement. The Morningstar Data and Analytics segment provides investors comprehensive data, research and insights, and investment analysis to empower investment decision-making. The PitchBook segment provides investors with access to a broad collection of data and research covering the private capital markets. Morningstar Wealth segment brings together its model portfolios and wealth platform; practice and portfolio management software for registered investment advisers; data aggregation and enrichment capabilities; and others. Morningstar Credit segment provides investors with credit ratings, research, data, and credit analytics solutions. The Morningstar Retirement segment offers products designed to help individuals reach their retirement goals.

CEO

Mr. Kunal Kapoor

HQ

Chicago, ILLINOIS, US

Founded

2005

Employees

10,973

Quantli Score

8.4

Outperform

Fin. Health

8.1

Profitability

7.6

Growth

9.0

Cash-Flow Q.

8.8

Key Metrics

7 metrics our research team weighs before forming a view on MORN.

Based on Quantli research · SEC filings · as of Q2 2026

METRIC

VALUE

CHANGE

TREND (3Y)

Revenue Growth (TTM)

9.3%

+1.1 pp

Gross Margin (TTM)

62.2%

+1.3 pp

Operating Margin (TTM)

22.6%

+3.0 pp

Net Margin (TTM)

16.4%

-0.8 pp

ROE (TTM)

41.2%

+16.2 pp

EPS Growth (TTM)

12.2%

-52.2 pp

Free Cash Flow (TTM)

$497.50M

+27.6%

Financial Snapshot

Full Financials

Revenue

$2.57B

+9.3%

YoY

Gross Margin

62%

TTM

+2.1%

YoY

Net Income

$421.60M

+4.3%

YoY

Operating Cash Flow

$646.90M

+20.8%

YoY

Key Statistics

Open

$213.98

Previous Close

$213.65

Day Range

$211.66 - $218.13

52 Week Range

$141.49 - $266.05

Volume

287.5K

Average Volume (10 Days)

320.0K

Dividend Yield

1.04%

Valuation Measurement

Market Cap

$7.39B

P/E Ratio (TTM)

17.52

P/S Ratio (TTM)

2.88

Price / Book

7.22

Financial Highlights

Profit Margin

16.4%

Return on Assets

10.7%

Return on Equity

41.2%

Revenue (TTM)

$2.57B

Net Income (TTM)

$421.60M

Diluted EPS (TTM)

$10.54

Total Cash (MRQ)

$489.50M

Levered FCF (TTM)

$497.50M

Turn research into action

Knowing a stock is strong is the start. Knowing how to invest in it when you spot good research is good returns.

Position Strategy

Ride market cycles. Patient hold.

Best for:

Patient investors

Swing Strategy

Buy support, sell on recovery.

Best for:

Risk-tolerant

Trend Following

Enter on trend. Cut losses fast.

Best for:

Active traders

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Earnings Calendar

Next Earnings

Estimated Q3 Release

Oct 27

Est. EPS

Adjusted consensus estimate

$3.12