Morningstar, Inc.(MORN) Stock Research - Grey Stern Research

Morningstar, Inc. (MORN) Stock Analysis

$351.17 (-0.88%)

MORN Financial Performance


Use the table below to view Morningstar, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $351.17 -
52 Week Low $269.51 -
52 Week High $359.50 -
Market Cap $15.1 Billion 8/8
Gross Margin 61% 5/8
Profit Margin 21% 6/8
EBITDA margin 33% 5/8
Q3 - 2024 Revenue $569.4 Million 7/8
Q3 - 2024 Earnings $119.7 Million 7/8
Q3 - 2024 Free Cash Flow $155.8 Million 6/8
Trailing 4 Quarters Revenue $2.2 Billion 7/8
Trailing 4 Quarters Earnings $326.5 Million 8/8
Quarterly Earnings Growth 206% 1/8
Annual Earnings Growth 122% 1/8
Quarterly Revenue Growth 10% 7/8
Annual Revenue Growth 10% 7/8
Cash On Hand $552.9 Million 5/8
Short Term Debt $32.2 Million 6/8
Long Term Debt $1.0 Billion 8/8

Morningstar, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Morningstar, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 46.12 2/8
PS 6.78 7/8
PB 9.62 3/8
PC 27.24 8/8
Liabilities to Equity 1.28 5/8
ROA 0.09 4/8
ROE 0.21 3/8
Current Ratio 1.78 3/8
Quick Ratio 0.28 1/8
Long Term Debt to Equity 0.65 4/8
Debt to Equity 0.67 5/8
Burn Rate -7.76 6/8
Cash to Cap 0.04 1/8
CCR 1.30 6/8
EV to EBITDA 83.55 7/8
EV to Revenue 7.00 8/8

Company Details

Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors. It also provides Morningstar Data, an investment data spanning various databases, including equity fundamentals, managed investments, ESG factors, and market data; Morningstar Direct, an investment-analysis platform; Morningstar Managed Portfolios, an advisor service consisting of model portfolio that offers services for independent financial advisors, as well as offers asset allocation services for asset managers, broker/dealers, and insurance providers; Morningstar Advisor Workstation, a web-based research, financial planning, and proposal generation platform; and Morningstar.com, a website for individual investors. In addition, the company offers Morningstar Enterprise Components; Morningstar Credit Ratings that provides issuance and surveillance services for structured finance products and instruments; corporate credit estimates and operational risk assessment rankings; Morningstar Indexes for creating investment products; Morningstar workplace solutions, such as retirement accounts, fiduciary services, allocation funds, and custom models; and PitchBook Platform, research and analysis workstation for investment and research professionals. Further, its PitchBook provides a mobile application, excel plug-in, data feeds, and data solutions. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.

CEO: Mr. Kunal Kapoor

Website: https://www.morningstar.com

Address: 22 W Washington St Chicago, ILLINOIS

Exchange: NASDAQ Global Select

Industry: Financial Data & Stock Exchanges

Morningstar, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Morningstar, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
MSCI Inc. MSCI $47.7 Billion
Intercontinental Exchange, Inc. ICE $89.7 Billion
CME Group Inc. CME $86.7 Billion
Moody's Corporation MCO $89.5 Billion
S&P Global Inc. SPGI $160.8 Billion
FactSet Research Systems Inc. FDS $18.4 Billion
Nasdaq, Inc. NDAQ $46.5 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
MORN Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 569.4 Million $119.7 Million
Q2 2024 $ 570.5 Million $69.1 Million
Q1 2024 $ 544.0 Million $64.2 Million
Q4 2023 $ 538.7 Million $73.5 Million
Q3 2023 $ 515.5 Million $39.1 Million
Q2 2023 $ 504.7 Million $36.1 Million
Q1 2023 $ 479.7 Million -$6.3 Million
Q4 2022 $ 475.0 Million $3.3 Million

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MORN Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $552.9 Million $3.6 Billion $1.0 Billion $1.6 Billion
Q2 2024 $391.2 Million $3.4 Billion $1.1 Billion $1.4 Billion
Q1 2024 $353.7 Million $3.4 Billion $1.1 Billion $1.4 Billion
Q4 2023 $337.9 Million $3.4 Billion $1.2 Billion $1.3 Billion
Q3 2023 $325.0 Million $3.3 Billion $1.2 Billion $1.2 Billion
Q2 2023 $343.3 Million $3.5 Billion $1.4 Billion $1.2 Billion
Q1 2023 $352.2 Million $3.5 Billion $1.3 Billion $1.2 Billion
Q4 2022 $376.6 Million $3.5 Billion $1.3 Billion $1.2 Billion

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MORN Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $155.8 Million -$36.1 Million $161.7 Million
Q2 2024 $120.8 Million -$31.9 Million $37.5 Million
Q1 2024 $59.5 Million -$34.1 Million $15.8 Million
Q4 2023 -$2.1 Million -$30.0 Million $12.9 Million
Q3 2023 $28.6 Million -$29.3 Million -$18.3 Million
Q2 2023 -$5.8 Million -$30.3 Million -$8.9 Million
Q1 2023 -$6.1 Million -$29.5 Million -$24.4 Million
Q4 2022 $67.4 Million -$36.1 Million $3.9 Million

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