MORN Stock - Morningstar, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.28B | $2.04B | $1.87B | $1.70B | $1.39B |
| Gross Profit | $1.38B | $1.20B | $1.09B | $1.00B | $833.10M |
| Gross Margin | 60.6% | 58.6% | 58.3% | 58.9% | 60.0% |
| Operating Income | $484.80M | $230.60M | $167.80M | $257.00M | $215.20M |
| Net Income | $369.90M | $141.10M | $70.50M | $193.30M | $223.60M |
| Net Margin | 16.3% | 6.9% | 3.8% | 11.4% | 16.1% |
| EPS | $8.64 | $3.31 | $1.65 | $4.50 | $5.22 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 9th 2024 | Redburn Atlantic | Downgrade | Neutral | $340 |
| October 8th 2024 | UBS | Initiation | Buy | $390 |
| August 12th 2024 | BMO Capital Markets | Initiation | Outperform | $352 |
| October 30th 2023 | Redburn Atlantic | Upgrade | Overweight | $320 |
| January 11th 2023 | Redburn | Downgrade | Neutral | - |
| September 20th 2022 | Redburn | Upgrade | Buy | - |
Earnings History & Surprises
MORNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | — | — | — | — |
Q4 2025 | Oct 29, 2025 | $2.30 | $2.55 | +10.9% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $2.21 | $2.40 | +8.6% | ✓ BEAT |
Q2 2025 | Apr 30, 2025 | $2.06 | $2.23 | +8.3% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $2.06 | $2.14 | +3.9% | ✓ BEAT |
Q4 2024 | Oct 23, 2024 | $2.01 | $2.00 | -0.5% | ✗ MISS |
Q3 2024 | Jul 24, 2024 | — | $2.01 | — | — |
Q2 2024 | Apr 24, 2024 | — | $1.73 | — | — |
Q1 2024 | Feb 22, 2024 | — | $1.97 | — | — |
Q4 2023 | Oct 25, 2023 | — | $1.28 | — | — |
Q3 2023 | Jul 26, 2023 | — | $1.60 | — | — |
Q2 2023 | Apr 26, 2023 | — | $0.56 | — | — |
Q1 2023 | Feb 23, 2023 | — | $0.58 | — | — |
Q4 2022 | Oct 26, 2022 | — | $0.77 | — | — |
Q3 2022 | Jul 27, 2022 | — | $1.17 | — | — |
Q2 2022 | Apr 28, 2022 | — | $-80.00 | — | — |
Q2 2022 | Apr 27, 2022 | — | $1.41 | — | — |
Q1 2022 | Feb 24, 2022 | — | $1.50 | — | — |
Q4 2021 | Oct 28, 2021 | — | $-71.40 | — | — |
Latest News
Morningstar Increases Quarterly Dividend From $0.455 To $0.50/Share
📈 PositiveUBS Maintains Buy on Morningstar, Lowers Price Target to $320
📈 PositiveMorningstar Approves New 3-Year Program That Authorizes Company To Repurchase Up To $1B In Shares Of Outstanding Common Stock Effective Oct. 31
📈 PositiveMorningstar Q3 Adj. EPS $2.55 Beats $2.42 Estimate, Sales $617.400M Beat $604.075M Estimate
📈 PositiveMorningstar DBRS Expands Into Asia Pacific With New Australia Hub
📈 PositiveMorningstar's Morningstar Retirement Collaborates With NPPG Plan Professionals To Provide Personalized Retirement Plans To Employers Through Pooled Employer Plans
📈 PositiveMorningstar To Acquire The Center For Research In Security Prices From University of Chicago For $375M; As Part Of Deal, Co. Will Acquire CRSP Market Indexes, Says CRSP Generates ~$55M In Annual Revenue
📈 PositiveMorningstar And PitchBook Launch Modern Market 100 Index To Bridge Public And Private Equity Exposure In A Single Benchmark
➖ NeutralFrequently Asked Questions about MORN
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