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) Free cash flow margin
Morningstar, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 18.8%, up 0.7 percentage points from fiscal 2025 (18.1%). Over the past ten years it has ranged from 9.00% (fiscal 2022) to 23.4% (fiscal 2018); the current reading is higher than 27% of that period. That is below the Financial Data & Stock Exchanges industry median of 32.1% and above the Financial sector median of 11.4%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 18.1% | (1.63) |
| FY2024 | 19.7% | 10.05 |
| FY2023 | 9.68% | 0.68 |
| FY2022 | 9.00% | (11.48) |
| FY2021 | 20.5% | (1.66) |
| FY2020 | 22.1% | 0.56 |
| FY2019 | 21.6% | (1.82) |
| FY2018 | 23.4% | 3.27 |
| FY2017 | 20.1% | 1.23 |
| FY2016 | 18.9% | (4.45) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| CBOE Cboe Global Markets, Inc. compare | 47.9% |
| ICE Intercontinental Exchange Inc. compare | 44.3% |
| MSCI MSCI Inc compare | 42.4% |
| MCO Moody's Corporation compare | 36.4% |
| FDS FactSet Research Systems Inc. compare | 28.6% |
| NDAQ Nasdaq, Inc. compare | 24.7% |
| COIN Coinbase Global, Inc. compare | 20.3% |
| MORN Morningstar, Inc. | 18.8% |
| TRU TransUnion compare | 18.1% |
| Financial Data & Stock Exchanges industry median | 32.1% |
| Financial sector median | 11.4% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on MORN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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