stockrowMorningstar, 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
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Morningstar, Inc. (MORN) EBITDA
Morningstar, Inc.'s EBITDA for fiscal 2025 was $716.5M, up 6.12% from $675.2M in fiscal 2024. Over the twelve months to 30 September 2026 it was $848.9M. Over the past ten years it has ranged from $251.5M (fiscal 2016) to $716.5M (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 3 consecutive fiscal years. Morningstar, Inc. ranks 10th of 14 Financial Data & Stock Exchanges companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $716.5M | 6.12% |
| FY2024 | $675.2M | 62.50% |
| FY2023 | $415.5M | 24.25% |
| FY2022 | $334.4M | (17.98%) |
| FY2021 | $407.7M | 14.94% |
| FY2020 | $354.7M | 15.42% |
| FY2019 | $307.3M | (1.66%) |
| FY2018 | $312.5M | 19.73% |
| FY2017 | $261.0M | 3.78% |
| FY2016 | $251.5M | (1.37%) |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Sep 2026 | $220.5M | 2.99% |
| Jun 2026 | $214.1M | 3.13% |
| Mar 2026 | $207.6M | 0.44% |
| Dec 2025 | $206.7M | 18.25% |
| 43 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| ICE Intercontinental Exchange Inc. compare | $7.3B |
| MCO Moody's Corporation compare | $4.1B |
| NDAQ Nasdaq, Inc. compare | $3.4B |
| MSCI MSCI Inc compare | $2.1B |
| CBOE Cboe Global Markets, Inc. compare | $2.1B |
| TRU TransUnion compare | $1.6B |
| FDS FactSet Research Systems Inc. compare | $913.1M |
| MORN Morningstar, Inc. | $848.9M |
| COIN Coinbase Global, Inc. compare | $465.3M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
More on MORN
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement