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) Operating cash flow
Morningstar, Inc.'s operating cash flow for fiscal 2025 was $589.7M, unchanged from fiscal 2024. Over the twelve months to 30 September 2026 it was $641.9M. Over the past ten years it has ranged from $213.7M (fiscal 2016) to $591.6M (fiscal 2024); the current reading is higher than 91% of that period. Morningstar, Inc. ranks 11th of 14 Financial Data & Stock Exchanges companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $589.7M | (0.32%) |
| FY2024 | $591.6M | 86.98% |
| FY2023 | $316.4M | 6.25% |
| FY2022 | $297.8M | (33.81%) |
| FY2021 | $449.9M | 17.07% |
| FY2020 | $384.3M | 14.92% |
| FY2019 | $334.4M | 6.23% |
| FY2018 | $314.8M | 25.87% |
| FY2017 | $250.1M | 17.03% |
| FY2016 | $213.7M | (11.51%) |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Sep 2026 | $190.7M | 22.48% |
| Jun 2026 | $155.7M | 70.16% |
| Mar 2026 | $91.5M | (55.15%) |
| Dec 2025 | $204.0M | 4.24% |
| 43 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| ICE Intercontinental Exchange Inc. compare | $5.8B |
| MCO Moody's Corporation compare | $3.3B |
| CBOE Cboe Global Markets, Inc. compare | $2.6B |
| NDAQ Nasdaq, Inc. compare | $2.5B |
| MSCI MSCI Inc compare | $1.6B |
| COIN Coinbase Global, Inc. compare | $1.4B |
| TRU TransUnion compare | $1.2B |
| FDS FactSet Research Systems Inc. compare | $822.2M |
| MORN Morningstar, Inc. | $641.9M |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
More on MORN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free 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