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) Return on invested capital
Morningstar, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 18.5%, down 0.2 percentage points from fiscal 2025 (18.6%). Over the past ten years it has ranged from 5.51% (fiscal 2022) to 30.4% (fiscal 2015); the current reading is higher than 82% of that period. That is above the Financial Data & Stock Exchanges industry median of 10.6% and above the Financial sector median of 4.70%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 18.6% | 1.48 |
| FY2024 | 17.2% | 9.62 |
| FY2023 | 7.54% | 2.03 |
| FY2022 | 5.51% | (7.19) |
| FY2021 | 12.7% | 2.32 |
| FY2020 | 10.4% | 0.74 |
| FY2019 | 9.64% | (12.51) |
| FY2018 | 22.2% | 5.35 |
| FY2017 | 16.8% | (0.78) |
| FY2016 | 17.6% | (12.81) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| MSCI MSCI Inc compare | 34.7% |
| MCO Moody's Corporation compare | 26.2% |
| CBOE Cboe Global Markets, Inc. compare | 25.7% |
| MORN Morningstar, Inc. | 18.5% |
| FDS FactSet Research Systems Inc. compare | 14.1% |
| NDAQ Nasdaq, Inc. compare | 8.56% |
| ICE Intercontinental Exchange Inc. compare | 8.08% |
| TRU TransUnion compare | 6.43% |
| COIN Coinbase Global, Inc. compare | 0.77% |
| Financial Data & Stock Exchanges industry median | 10.6% |
| Financial sector median | 4.70% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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 equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement