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
Follow MORN
Alert me
Morningstar, Inc. (MORN) Return on equity
Morningstar, Inc.'s return on equity over the twelve months to 30 September 2026 was 35.1%, up 8.7 percentage points from fiscal 2025 (26.4%). Over the past ten years it has ranged from 5.38% (fiscal 2022) to 26.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Financial Data & Stock Exchanges industry median of 17.0% and above the Financial sector median of 9.01%.
Return on equity, annual
Embed this chart
Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | 26.4% | 1.24 |
| FY2024 | 25.1% | 13.98 |
| FY2023 | 11.1% | 5.75 |
| FY2022 | 5.38% | (9.01) |
| FY2021 | 14.4% | (4.60) |
| FY2020 | 19.0% | 3.93 |
| FY2019 | 15.1% | (5.98) |
| FY2018 | 21.0% | 2.81 |
| FY2017 | 18.2% | (5.85) |
| FY2016 | 24.1% | 3.60 |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| MCO Moody's Corporation compare | 76.6% |
| MORN Morningstar, Inc. | 35.1% |
| CBOE Cboe Global Markets, Inc. compare | 27.3% |
| FDS FactSet Research Systems Inc. compare | 25.5% |
| NDAQ Nasdaq, Inc. compare | 17.3% |
| TRU TransUnion compare | 16.7% |
| ICE Intercontinental Exchange Inc. compare | 14.2% |
| COIN Coinbase Global, Inc. compare | −4.68% |
| MSCI MSCI Inc compare | −56.1% |
| Financial Data & Stock Exchanges industry median | 17.0% |
| Financial sector median | 9.01% |
| Market median | 0.51% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)
More on MORN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- 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 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