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MORN - Morningstar Inc

36

$179.07

-$5.80 (-3.137%)

At market close

$179.65

$0.58 (0.321%)

After Hours 3/20/26, 8:22 PM

Score

3.97/5

General

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Financials & KPIs

Dividends

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Metric Margins Overview

Metrics

KPIs

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Morningstar Inc

Stock Unlock

Legend	CAGR	Total Change	Average	Median	Low	High	Latest
Operating Margin	-17.58%	-13.55%	22.08%	22.22%	19.67% 2025-09-30	24.21% 2025-06-30	20.61% 2025-12-31

Net Margin	-10.26%	-7.83%	16.2%	16.15%	15.3% 2025-12-31	17.21% 2025-06-30	15.3% 2025-12-31

Gross Margin	0.69%	0.52%	60.91%	60.93%	60.72% 2025-03-31	61.03% 2025-12-31	61.03% 2025-12-31

Free Cash Flow Margin	-8.6%	-6.55%	17.63%	17.35%	16.45% 2025-09-30	19.37% 2025-03-31	18.1% 2025-12-31

Income Statement

Balance Sheet

Cash Flow

Metrics

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% Change

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#'s in thousands USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31 Get more features by creating a free Stock Unlock account: 2 portfolios, 5 positions per portfolio 2 watchlists, up to 10 tickers per watchlist More screener searches See full feature list	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30
Margins
Gross Margin	61.03%	60.93%	60.94%	60.72%	42K%	9325022	7042541	1344764	357143	4499637	5843573	8230547	3279517	6234028	2925311	5450743	7596600	3131606
SGA Margin	32.75%	33.33%	33.33%	33.38%	42K%	7713628	577882	8302333	3594045	480232	2603675	6316527	5600875	3305411	6922109	4392410	5003362	6223565
Operating Margin	20.61%	19.67%	24.21%	23.84%	42K%	6300341	9612860	8932196	4825970	6055306	4158640	6676500	2396227	4445581	5795747	6714339	1696944	312983
EBITDA Margin	28.37%	27.65%	32.30%	32.07%	42K%	6724299	8127367	2122816	4769286	5812109	2416677	1206588	1512227	7166351	8529193	1125522	9928054	2925072
Net Margin	15.30%	15.70%	17.21%	16.60%	42K%	2590881	1058696	4564969	3686687	4355859	2901915	6610056	608812	4819723	6959059	6186351	6071910	9749149
Free Cash Flow Margin	18.10%	16.45%	16.61%	19.37%	42K%	4075360	1747129	9542065	8668008	2484362	6063264	7298677	1355874	3580895	3288926	5497401	7029143	7852022
Operating Cash Flow Margin	24.11%	22.51%	22.80%	25.45%	42K%	4867169	9550925	35121	720438	4145953	1911825	2581800	6364468	6359622	34124	3379417	1845083	6831485
Valuation Metrics
Market Cap	8,937,786	9,785,657	13,263,289	12,826,365	42,069,000	4297739	4289624	507452	8566620	9490478	6890792	3016647	1319647	6241422	8968171	1588412	9600028	1256963
Enterprise Value	9,481,686	10,120,057	13,560,489	13,070,865	42,069,000	3320757	7900227	3080916	6220521	1087804	3130637	6414736	91830	242937	6496246	7882049	9832112	4385865
Price to Sales	3.65	4.09	5.65	5.54	42,069	2073198	5039988	2946329	1521625	2499956	9820774	8766654	4553428	8430199	78539	9735050	6242899	1557024
Price to Gross	5.99	6.7	9.27	9.13	42,069	1392764	6579337	8671474	1260608	7452346	6037952	2869423	3124300	2140302	7536965	5948483	1618938	6067509
Price to Operating Cash Flow	15.16	18.15	24.78	21.78	42,069	475993	8902254	5004010	3116834	557108	9679254	2738260	2415153	6682247	4339721	8193051	3503432	4491797
Price to Operating Income	17.74	20.77	23.34	23.25	42,069	6288785	7083281	1981812	3811242	487979	1099075	8794141	7193052	2197460	9327604	1236077	9801394	4718198
Price to Earnings	23.89	26.03	32.82	33.38	42,069	3745158	2047761	3004032	7713850	6819870	4098387	4885035	9792787	3147998	922931	7553067	9920907	5448473
Price to Free Cash Flow	20.19	24.83	34.03	28.62	42,069	9987796	4435742	5180701	9665055	7183173	4175375	7657125	6294362	7946076	933615	7490847	4250906	8225332
Management
Return On Assets	10.42%	10.57%	11.13%	10.71%	42K%	3471445	3030715	165874	9731788	5399719	1325196	3028782	3953950	146778	5993038	4692754	5127137	267370
Return On Capital Employed	19.86%	18.04%	20.97%	20.63%	42K%	5745821	6287023	2090371	5041379	8283476	1603536	782868	3225219	3508472	3712528	7386784	6729175	4430070
Return On Equity	30.62%	24.83%	25.03%	23.88%	42K%	145411	4409274	4942166	8622715	3818684	5681800	9554919	8818981	7244885	6099053	1203065	6686322	9373071
Return On Invested Capital	21.01%	18.65%	23.13%	23.22%	42K%	6136204	7932670	8020296	7372680	9891209	9124844	2793104	4667185	2030096	852834	444037	389712	6092851
Dividends
Dividends Per Share	1.82	1.77	1.72	1.67	42,069	1565502	5699217	2231041	9924965	4305983	9601726	4815093	2202267	845523	7471415	779763	5546967	9383514
Free Cash Flow Payout Ratio	18.59%	19.48%	19.73%	17.37%	42K%	2780051	4402752	3943698	3280974	9824195	8631239	2458410	3417824	318621	7206423	9897051	5042736	1565481
Payout Ratio	21.98%	20.42%	19.03%	20.26%	42K%	2913094	5400683	329233	1369351	2636588	9149735	1915601	5036849	9891208	7977419	9728912	7130442	696769
Stock Based Compensation
SBC as a % of FCF	12.74%	15.73%	14.52%	11.69%	42K%	9776969	7000857	5656680	1364147	8804689	2859688	3762089	3789356	5439155	8997960	4788696	3455834	4932940
SBC as a % of OCF	9.56%	11.50%	10.57%	8.90%	42K%	8451896	9862505	2442998	8637167	8628485	4455811	8563068	9911908	2107360	837115	2407832	9156704	9518072
SBC as a % of Revenue	2.31%	2.59%	2.41%	2.26%	42K%	2578982	2876702	4258672	1720115	8788132	9246532	9569586	5021850	7698009	689343	635503	8231534	6074637
FCF Excl. SBC Yield	4.32%	3.39%	2.51%	3.09%	42K%	6953795	8139156	1466345	6801209	5336731	8427094	778606	1290050	7986692	1796426	525327	3297212	2880746
Per Share
Free Cash Flow Per Share	10.8	9.32	9.17	10.4	42,069	7762021	8027532	3004269	4706897	2651481	9475628	4725283	322423	209215	9703050	3321352	342988	6808058
Operating Cash Flow Per Share	14.38	12.74	12.6	13.67	42,069	7570538	9775283	672316	2465969	1369723	2012862	6163084	2480312	5795928	8795346	9722588	3279671	3134533
Revenue Per Share	59.65	56.63	55.23	53.69	42,069	9243696	852053	3736694	1031850	8610350	7194953	2716310	7683007	9056241	8349574	4816285	3267598	3461981
Financial Health
Debt to EBITDA Ratio	1.55	1.28	1.11	1.08	42,069	9952846	4140542	2576880	1522110	1966093	4858879	3699588	7645795	2710303	3939325	193613	5106698	9416142
Interest Coverage Ratio	12.6	11.99	13.53	12.31	42,069	4621871	8322861	4839363	3672151	1507099	8609665	1499900	847911	3425006	8388224	2522078	872863	2031753
Net Debt	543,900	334,400	297,200	244,500	42,069,000	9610472	4275487	4096678	8646576	9838110	5152133	4567143	3811081	4948015	6330422	8624733	6230601	3139928
Total Debt	1,072,600	848,900	838,800	803,700	42,069,000	6083316	5764293	1652908	5538538	3899644	4511014	2004179	5193759	2100300	4316552	6081211	564913	3993682