MORNINGSTAR, INC. (MORN)

209.40USD -2.95% (-6.36)

Over 1M: +4.4%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

200 210 220
7 Aug 12 Aug 17 Aug 20 Aug 25 Aug 28 Aug 2 Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '23 — Revenue: 515.5M Q3 '23 — Operating Cash Flow: 130.7M Q3 '23 — Free Cash Flow: 101.4M Q3 '23 — Net Income: 39.1M Q4 '23 — Revenue: 538.7M Q4 '23 — Operating Cash Flow: 137.8M Q4 '23 — Free Cash Flow: 107.8M Q4 '23 — Net Income: 73.5M Q1 '24 — Revenue: 542.8M Q1 '24 — Operating Cash Flow: 93.6M Q1 '24 — Free Cash Flow: 59.5M Q1 '24 — Net Income: 64.2M Q2 '24 — Revenue: 571.9M Q2 '24 — Operating Cash Flow: 152.7M Q2 '24 — Free Cash Flow: 120.8M Q2 '24 — Net Income: 69.1M Q3 '24 — Revenue: 569.4M Q3 '24 — Operating Cash Flow: 191.9M Q3 '24 — Free Cash Flow: 155.8M Q3 '24 — Net Income: 119.7M Q4 '24 — Revenue: 591M Q4 '24 — Operating Cash Flow: 153.4M Q4 '24 — Free Cash Flow: 112.8M Q4 '24 — Net Income: 116.9M Q1 '25 — Revenue: 581.9M Q1 '25 — Operating Cash Flow: 91M Q1 '25 — Free Cash Flow: 58.8M Q1 '25 — Net Income: 78.5M Q2 '25 — Revenue: 605.1M Q2 '25 — Operating Cash Flow: 99M Q2 '25 — Free Cash Flow: 62.4M Q2 '25 — Net Income: 89M Q3 '25 — Revenue: 617.4M Q3 '25 — Operating Cash Flow: 195.7M Q3 '25 — Free Cash Flow: 160.1M Q3 '25 — Net Income: 91.6M Q4 '25 — Revenue: 641.1M Q4 '25 — Operating Cash Flow: 204M Q4 '25 — Free Cash Flow: 161.3M Q4 '25 — Net Income: 115.1M Q1 '26 — Revenue: 644.8M Q1 '26 — Operating Cash Flow: 91.5M Q1 '26 — Free Cash Flow: 53.6M Q1 '26 — Net Income: 107.1M Q2 '26 — Revenue: 663.2M Q2 '26 — Operating Cash Flow: 155.7M Q2 '26 — Free Cash Flow: 122.5M Q2 '26 — Net Income: 107.8M 0 150M 300M 450M 600M 750M
Q4 '23 Q2 '24 Q4 '24 Q2 '25 Q4 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

5.9
OE margin 16.8%
Oper. margin 23.5%
ROIC 21.7%
Accruals -5.7%
ROA 10.7%
ROCE 20.4%
ROE 41.2%
FCF margin 19.4%
Gross margin 62.2%
OCF margin 25.2%
OCF / EBIT 1.1×

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

8.2
EV/EBIT 14.9×
EV/OE 21.0×
FCF yield 6.3%
P/E 18.6×
Div. yield 0.98%
EV/Sales 3.5×
P/C 15.0×
P/B 7.7×
EV/GP —
Fwd P/E —
PEG —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

6.8
RPO / sales 0.62×
RPO growth 10.0%
Segment HHI 0.63 HHI

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

7.6
ND/EBITDA -0.13
Payout 18.3%
Debt payback 2.4 yr
Cash / Debt 0.31×
F-score 6.0 pts
Quick ratio 1.1×
Debt / Eq 1.7×
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

5.6
Sales/sh Y/Y +11.7%
EBIT CAGR +44.2%
EPS CAGR 4Y +18.8%
Div. growth +11.0%
EBIT Y/Y +15.5%
EPS Y/Y +6.6%
Sales Q/Q +9.6%
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.