Pricing Log in Create free account
Sunday 11 October 2026 Export all MORN data to Excel Powerpack

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. In the quarter to June 2026, revenue grew 9.60%, EPS grew 35.1%, free cash flow grew 96.3% and total debt rose 104.3%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.

204.45 1.71 +0.84%
Market cap
$7.6B
P/E
19.3×
Fwd P/E
17.9×
Dividend yield
0.98%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Morningstar, Inc. (MORN) P/E ratio

Alert me on P/E ratio

As of 9 October 2026, Morningstar, Inc. (MORN) trades at a P/E ratio of 19.3×. Over the past ten years it has ranged from 14.4× (June 2026) to 523× (April 2023); the current reading is higher than 5% of that period. That is below the Financial Data & Stock Exchanges industry median of 22.8× and above the Financial sector median of 12.3×.

P/E ratio, daily

Embed this chart

Annual newest first

Period P/E ratio Change
FY2025 24.3× (37.92%)
FY2024 39.1× (53.42%)
FY2023 83.9× (36.56%)
FY2022 132× 73.95%
FY2021 76.0× 71.64%
FY2020 44.3× 4.17%
FY2019 42.5× 66.00%
FY2018 25.6× (15.48%)
FY2017 30.3× 52.74%
FY2016 19.8× (25.75%)

Quarterly newest first

Period P/E ratio Change
Jun 2026 14.7× (14.14%)
Mar 2026 17.1× (29.38%)
Dec 2025 24.3× (7.59%)
Sep 2025 26.2× (21.00%)
42 more quarters

Against its own ten years

Low 14.4× High 523×
Ten-year median 37.6×
Current reading's percentile 5

P/E ratio against peers

Company P/E ratio
COIN Coinbase Global, Inc. compare n/m
TRU TransUnion compare 17.1×
MORN Morningstar, Inc. 19.3×
FDS FactSet Research Systems Inc. compare 19.7×
ICE Intercontinental Exchange Inc. compare 21.9×
CBOE Cboe Global Markets, Inc. compare 23.6×
NDAQ Nasdaq, Inc. compare 27.0×
MCO Moody's Corporation compare 29.3×
MSCI MSCI Inc compare 30.8×
Financial Data & Stock Exchanges industry median 22.8×
Financial sector median 12.3×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

More on MORN