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Morningstar, Inc. (MORN) Financial Metrics

Key metrics and charts across all fundamental categories.

Prices

Stock price and market valuation

Stock Price
$141.84
52.7%
Market Cap
$5.55B
56.8%

MORN trades at $141.84, a 52.7% decrease year-over-year. Market capitalization stands at $5.55B, down 56.8% from the prior year. Track MORN price trends and market cap history to understand how the market values this company over time.

Stock Price
How the market values the company over time
Market Cap
Total equity value as determined by the market

Growth

Revenue and earnings growth across quarters

TTM Revenue
$2.51B
8.4%
Q. Revenue
$644.80M
TTM EBITDA
$568.40M
12.3%
Q. Op. Income
$155.90M
TTM Net Income
$402.80M
4.8%
Q. Net Income
$107.10M

$2.51B in TTM revenue grew 8.4% YoY, reaching $644.80M last quarter. TTM EBITDA of $568.40M on operating income of $155.90M shows growth is flowing through. Net income of $402.80M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

TTM Revenue
Reveals whether the core business is growing or shrinking
Quarterly Revenue
Highlights seasonal patterns and short-term momentum
TTM EBITDA
Shows if underlying operating profitability is improving
Quarterly EBITDA
Tracks near-term operating profitability trends
Quarterly Operating Income
Profit from core operations before financing costs
TTM Net Income
The bottom line — is the company making more money?
Quarterly Net Income
Short-term profit after all expenses and taxes

Balance Sheet

Assets, cash, debt, and leverage

Total Assets
$3.99B
Long-Term Debt
$1.71B
D/E
1.7
Equity
$1.02B

With $3.99B in assets and $1.71B in long-term debt, the D/E of 1.7 reflects moderate leverage — debt is manageable but worth monitoring.

Total Assets
Expanding asset base can indicate business growth
Cash & Equivalents
Shows liquidity available for opportunities or downturns
Long-Term Debt
Declining debt trend is generally positive
Debt / Equity
Lower means less reliance on borrowed money
Debt / EBITDA
Below 2x is conservative; above 4x is high

Valuation

Price multiples and return ratios

Market Cap
$5.55B
P/E
13.8x
P/S
2.2x
P/B
5.4x

At 13.8x P/E, the stock trades below market averages — potentially undervalued. P/S of 2.2x and P/B of 5.4x provide additional context. Below-market P/E with growing revenue suggests a potential buying opportunity — the stock may be undervalued relative to its fundamentals.

P/E Ratio
Higher suggests growth expectations; lower may signal undervaluation
P/S Ratio
Useful when earnings are volatile or negative
P/B Ratio
Below 1 means trading below accounting book value
EV / EBITDA
Lower multiple often signals better value
FCF Yield (%)
Cash return at current price — compare to bond yields
Earnings Yield (%)
Earnings return at current price — inverse of P/E
Return on Equity (ROE)
15%+ consistently signals a durable competitive advantage

Efficiency

Operating efficiency and return metrics

Op. Margin
24.2%
23.3%
Net Margin
16.6%
23.1%
ROE
39.5%
65.6%
Gross Margin
N/A

Op. margin of 24.2% is up 4.6% YoY — cost efficiency is improving. Net margin at 16.6%. ROE of 39.5% shows the company generates solid returns on shareholder equity.

Margins (%)
Operating vs Net Margin — how much of each dollar becomes profit
EBITDA Margin (%)
Operating profitability independent of capital structure
Asset Turnover
How efficiently assets generate each dollar of sales
Return on Assets (ROA)
How well management uses assets to generate profit
Revenue per Share
Per-share revenue growth adjusted for dilution

Cash & Capital

Free cash flow, earnings quality, and capital allocation

Free Cash Flow
$53.60M
8.8%
Op. Cash Flow
$91.50M
Shares Out.
39.10M
8.6%
Cash & Equiv.
N/A

FCF of $53.60M on $91.50M in operating cash flow. The FCF / Net Income ratio of 0.1x indicates partial cash conversion — earnings quality needs attention. Shares outstanding declined 8.6% YoY — buybacks are returning capital to shareholders.

Free Cash Flow
Cash the business generates after maintaining itself
FCF Margin (%)
10%+ signals a capital-efficient business model
FCF / Net Income
Above 1 means earnings are backed by real cash
Shares Outstanding
Declining means buybacks benefit remaining holders
Book Value (Equity)
Growing book value signals intrinsic value creation