Morningstar, Inc.
MORNFinancial ServicesNASDAQFinancial Data & Stock Exchanges · Last scanned Jul 18, 2026
Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. Valued at $6.56B, MORN is a mid-cap name in its sector. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement.
Market Cap
$6.56B
Beta
1.01
P/E (TTM)
17.64
P/E (Fwd)
12.82
EPS (TTM)
$9.78
EPS (Fwd)
$13.45
ROE
30.7%
ROA
9.0%
Cash
$532.2M
Total Debt
$1.91B
Free CF
$452.8M
52W Change
-40.2%
Annual Financials
Cash vs Debt
On the balance sheet, MORN has $532.2M in cash with $1.91B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $452.8M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 30.7%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 9.0% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $1.87B (2022) to $2.45B (2025), reflecting a 31% increase over the period.
Investors considering Morningstar, Inc. should weigh the typical risks associated with MORN's sector, size, and financial profile against their own risk tolerance and investment objectives. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MORN.