Morningstar Inc (MORN) Income Statement

An income statement shows a company's revenue, expenses, and profit over a reporting period.

Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally.

Total Revenue Chart for Morningstar Inc

Morningstar Inc (MORN) revenue for FY2025 was USD 2.4B, a 7.5% change from FY2024. Morningstar Inc's revenue grew from USD 75.0M in 2000 to USD 2.4B in 2025 (3161.8% over 25 years). Earnings per share grew from USD 0.21 in 2004 to USD 1.73 in 2022 (720.8%). Revenue compound annual growth rate: 5-year CAGR of 12.0%, 10-year CAGR of 12.0%, 20-year CAGR of 12.6%.

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Total Revenue (US Dollars)

R&D as % of Revenue

Key Stats

Market Cap
$7.34B
Implied Share Price
$195.69
Enterprise Value
$8.70B
Revenue (TTM)
$2.57B
EBITDA
$680.10M
Profit Margin
16.43%
Trailing P/E
18.62
Forward P/E
19.80
Price/Book (MRQ)
7.15
Price/Sales (TTM)
2.86
EV/EBITDA
10.88
EV/Revenue
3.47
Dividend Yield
1.03%
Book Value
$27.29
Free Cash Flow (FY2025)
$442.60M
Free Cash Flow Yield
6.03%

Snapshot as of 7th October 2026 — not point-in-time controlled, may lag the live market by a few days.