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
Morningstar, Inc.'s free cash flow for fiscal 2025 was $442.6M, unchanged from fiscal 2024. Over the twelve months to 30 September 2026 it was $492.8M. Over the past ten years it has ranged from $150.9M (fiscal 2016) to $448.9M (fiscal 2024); the current reading is higher than 91% of that period. Morningstar, Inc. ranks 11th of 14 Financial Data & Stock Exchanges companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $442.6M | (1.40%) |
| FY2024 | $448.9M | 127.52% |
| FY2023 | $197.3M | 17.23% |
| FY2022 | $168.3M | (51.65%) |
| FY2021 | $348.1M | 13.17% |
| FY2020 | $307.6M | 20.91% |
| FY2019 | $254.4M | 6.58% |
| FY2018 | $238.7M | 30.08% |
| FY2017 | $183.5M | 21.60% |
| FY2016 | $150.9M | (18.08%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $155.4M | 26.86% |
| Jun 2026 | $122.5M | 128.54% |
| Mar 2026 | $53.6M | (66.77%) |
| Dec 2025 | $161.3M | 0.75% |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| ICE Intercontinental Exchange Inc. compare | $4.8B |
| MCO Moody's Corporation compare | $3.0B |
| CBOE Cboe Global Markets, Inc. compare | $2.5B |
| NDAQ Nasdaq, Inc. compare | $2.3B |
| MSCI MSCI Inc compare | $1.5B |
| COIN Coinbase Global, Inc. compare | $1.1B |
| TRU TransUnion compare | $910.1M |
| FDS FactSet Research Systems Inc. compare | $707.5M |
| MORN Morningstar, Inc. | $492.8M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on MORN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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