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.

Revenue
+8.86%
EPS
+41.7%
Free cash flow
−2.94%
Total debt
+97.8%

Quarter to September 2026, against a year earlier

244.00 3.17 −1.28%
Market cap
$9.2B
P/E
21.5×
Fwd P/E
19.7×
Dividend yield
0.81%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Morningstar, Inc. (MORN) Return on assets

Alert me on Return on assets

Morningstar, Inc.'s return on assets over the twelve months to 30 September 2026 was 11.9%, up 1.4 percentage points from fiscal 2025 (10.5%). Over the past ten years it has ranged from 2.22% (fiscal 2022) to 13.5% (fiscal 2016); the current reading is higher than 64% of that period. That is above the Financial Data & Stock Exchanges industry median of 8.22% and above the Financial sector median of 1.15%.

Return on assets, annual

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Annual newest first

Period Return on assets Change (points)
FY2025 10.5% (0.16)
FY2024 10.6% 6.54
FY2023 4.10% 1.88
FY2022 2.22% (4.73)
FY2021 6.95% (1.88)
FY2020 8.83% 0.88
FY2019 7.95% (4.85)
FY2018 12.8% 2.87
FY2017 9.93% (3.60)
FY2016 13.5% 0.53

Against its own ten years

Low 2.22% High 13.5%
Ten-year median 9.93%
Current reading's percentile 64

Return on assets against peers

Company Return on assets
MSCI MSCI Inc compare 25.2%
MCO Moody's Corporation compare 19.1%
CBOE Cboe Global Markets, Inc. compare 14.5%
FDS FactSet Research Systems Inc. compare 12.6%
MORN Morningstar, Inc. 11.9%
NDAQ Nasdaq, Inc. compare 7.18%
TRU TransUnion compare 6.88%
ICE Intercontinental Exchange Inc. compare 2.62%
COIN Coinbase Global, Inc. compare −2.39%
Financial Data & Stock Exchanges industry median 8.22%
Financial sector median 1.15%
Market median 0.00%

What Return on assets is

ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.

Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)

The full definition of Return on assets →

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