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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
21.5×
Fwd P/E
19.7×
Dividend yield
0.81%
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) Current ratio

Alert me on Current ratio

Morningstar, Inc.'s current ratio at the end of the quarter to 30 September 2026 was 1.0×, up 0.1× from fiscal 2025 (1.0×). Over the past ten years it has ranged from 0.9× (fiscal 2022) to 1.7× (fiscal 2018); the current reading is higher than 27% of that period. That is in line with the Financial Data & Stock Exchanges industry median of 1.0× and above the Financial sector median of 1.0×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.0× (6.00%)
FY2024 1.0× 13.21%
FY2023 0.9× 0.79%
FY2022 0.9× (18.90%)
FY2021 1.1× (2.77%)
FY2020 1.2× (4.22%)
FY2019 1.2× (26.63%)
FY2018 1.7× 1.16%
FY2017 1.6× 2.42%
FY2016 1.6× 18.85%

Quarterly newest first

Period Current ratio Change
Sep 2026 1.0× (0.76%)
Jun 2026 1.1× 2.34%
Mar 2026 1.0× 4.68%
Dec 2025 1.0× (4.84%)
43 more quarters

Against its own ten years

Low 0.9× High 1.7×
Ten-year median 1.2×
Current reading's percentile 27

Current ratio against peers

Company Current ratio
COIN Coinbase Global, Inc. compare 2.4×
TRU TransUnion compare 2.0×
CBOE Cboe Global Markets, Inc. compare 1.6×
MCO Moody's Corporation compare 1.3×
MORN Morningstar, Inc. 1.0×
ICE Intercontinental Exchange Inc. compare 1.0×
NDAQ Nasdaq, Inc. compare 1.0×
MSCI MSCI Inc compare 0.8×
FDS FactSet Research Systems Inc. compare 0.6×
Financial Data & Stock Exchanges industry median 1.0×
Financial sector median 1.0×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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