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Morningstar, Inc.

MORN Financial Financial Data & Stock Exchanges

Morningstar, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, up 7.49% from fiscal 2024.

Revenue
+8.86%
EPS
+41.7%
Free cash flow
−2.94%
Total debt
+97.8%

Quarter to September 2026, against a year earlier

244.03 3.14 −1.27%
Market cap
$9.2B
P/E
21.2×
Fwd P/E
19.7×
Dividend yield
0.82%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Morningstar, Inc. (MORN) Book value per share

Alert me on Book value per share

Morningstar, Inc.'s book value per share at the end of fiscal 2025 was 29.2×, down 22.9% from 37.8× in fiscal 2024. At the end of the quarter to 30 September 2026 it was 27.4×. Over the past ten years it has ranged from 14.5× (fiscal 2015) to 37.8× (fiscal 2024); the current reading is higher than 64% of that period. Morningstar, Inc. ranks 7th of 14 Financial Data & Stock Exchanges companies by book value per share.

Book value per share, annual

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Annual newest first

Period Book value per share Change
FY2025 29.2× (22.89%)
FY2024 37.8× 21.33%
FY2023 31.2× 10.00%
FY2022 28.3× (13.95%)
FY2021 32.9× 11.11%
FY2020 29.6× 16.78%
FY2019 25.4× 15.66%
FY2018 21.9× 16.40%
FY2017 18.9× 16.32%
FY2016 16.2× 11.81%

Quarterly newest first

Period Book value per share Change
Sep 2026 27.4× 1.25%
Jun 2026 27.1× 3.96%
Mar 2026 26.1× (10.66%)
Dec 2025 29.2× (18.91%)
43 more quarters

Against its own ten years

Low 14.5× High 37.8×
Ten-year median 28.3×
Current reading's percentile 64

Book value per share against peers

Company Book value per share
CBOE Cboe Global Markets, Inc. compare 56.7×
FDS FactSet Research Systems Inc. compare 54.9×
ICE Intercontinental Exchange Inc. compare 53.4×
COIN Coinbase Global, Inc. compare 52.8×
MORN Morningstar, Inc. 27.4×
TRU TransUnion compare 26.2×
NDAQ Nasdaq, Inc. compare 21.5×
MCO Moody's Corporation compare 19.7×
MSCI MSCI Inc compare −41.8×

What Book value per share is

BV per Share tells an investor how much of a company’s accounting net worth stands behind each share.

(Shareholders Equity (Total) ÷ Shares (Basic, Weighted))

The full definition of Book value per share →

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