Morningstar, Inc.

Morningstar, Inc.

MORN
Morningstar, Inc.US flagNASDAQ Global Select
165.04
USD
-6.72
- -
6.28BMarket Cap

Income Statement (USD)

APIChatGPT
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
As of date
12/31/2011
12/31/2012
12/31/2013
12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
12/31/2023
12/31/2024
12/31/2025
Sales/Revenue/Turnover
631
658
698
760
789
799
912
1,020
1,179
1,390
1,699
1,871
2,039
2,275
2,446
+ Sales & Services Revenue
631
658
698
760
789
799
912
1,020
1,179
1,390
1,699
1,871
2,039
2,275
2,446
- Cost of Revenue
235
247
271
319
330
344
387
411
483
556
698
779
844
896
953
+ Cost of Goods & Services
235
247
271
319
330
344
387
411
483
556
698
779
844
896
953
Gross Profit
396
412
427
442
459
454
525
609
696
833
1,001
1,091
1,195
1,379
1,493
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
258
261
256
275
268
274
355
393
506
618
744
924
964
959
989
+ Selling, General & Admin
215
218
210
220
204
203
264
296
389
478
593
757
780
768
801
+ Research & Development
53
51
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
-10
-8
46
55
64
71
91
97
118
140
151
167
185
190
188
Operating Income (Loss)
138
151
171
167
191
181
170
216
190
215
257
168
231
421
504
- Non-Operating (Income) Loss
-2
-3
-7
53
-3
-44
-11
-17
-9
-68
6
37
49
-70
5
+ Interest Expense, Net
-2
-5
-3
-2
-1
- -
4
- -
6
10
7
27
43
38
29
+ Interest Expense
1
- -
- -
- -
- -
2
6
2
9
11
9
28
52
50
40
- Interest Income
4
5
3
3
2
2
2
2
2
2
2
2
9
12
11
+ Other Non-Op (Income) Loss
1
2
-5
55
-2
-44
-15
-17
-15
-77
- -
10
6
-108
-24
Pretax Income
140
154
178
114
194
225
181
233
198
283
250
131
182
491
499
- Income Tax Expense (Benefit)
44
53
56
36
63
64
43
48
46
60
63
56
33
104
122
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
98
103
123
78
133
161
137
183
152
224
193
70
141
370
374
- Net Extraordinary Losses (Gains)
- -
-5
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Discontinued Operations
- -
5
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
- -
-11
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) Incl. MI
98
108
124
78
132
161
137
183
152
224
193
70
141
370
374
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
98
108
124
78
133
161
137
183
152
224
193
70
141
370
374
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
98
108
124
78
133
161
137
183
152
224
193
70
141
370
374
EBIT
138
151
171
167
191
181
170
216
190
215
257
168
231
421
504
EBITDA
181
194
216
222
255
252
261
312
307
355
408
334
416
611
694
EBITDA Margin (%)
28.72
29.43
30.99
29.14
32.33
31.49
28.63
30.64
26.06
25.53
23.99
17.88
20.38
26.86
28.37
EBITA
138
151
171
167
191
181
170
216
190
215
257
168
231
421
504
Gross Margin (%)
62.74
62.51
61.13
58.08
58.15
56.89
57.6
59.69
59.02
59.96
58.9
58.34
58.62
60.63
61.03
Operating Margin (%)
21.92
22.89
24.45
21.92
24.16
22.64
18.62
21.16
16.08
15.49
15.12
8.97
11.31
18.5
20.61
Profit Margin (%)
15.58
16.42
17.69
10.3
16.81
20.16
15.02
17.94
12.89
16.09
11.38
3.77
6.92
16.26
15.3
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.2
0.53
0.38
0.68
0.76
0.88
0.92
1
1.12
1.2
1.26
1.44
1.5
1.62
1.84
Depreciation Expense
43
43
46
55
64
71
91
97
118
140
151
167
185
190
190
Basic Weighted Avg Shares
50
48
46
45
44
43
43
43
43
43
43
43
43
43
42
Basic EPS, GAAP
1.97
2.23
2.68
1.75
3
3.74
3.21
4.3
3.56
5.21
4.5
1.65
3.31
8.64
8.93
Basic EPS from Cont Ops
1.97
2.12
2.67
1.75
3
3.74
3.21
4.3
3.56
5.21
4.5
1.65
3.31
8.64
8.93
Diluted Weighted Avg Shares
51
49
46
45
44
43
43
43
43
43
43
43
43
43
42
Diluted EPS, GAAP
1.93
2.2
2.66
1.74
2.99
3.72
3.18
4.26
3.52
5.18
4.45
1.64
3.29
8.58
8.87
Diluted EPS from Cont Ops
1.93
2.09
2.65
1.74
3
3.72
3.18
4.26
3.52
5.18
4.45
1.64
3.29
8.58
8.87

Balance Sheet (USD)

APIChatGPT
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
As of date
12/31/2011
12/31/2012
12/31/2013
12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
12/31/2023
12/31/2024
12/31/2025
Total Current Assets
612
475
447
391
410
472
530
602
603
730
888
811
816
1,014
1,038
+ Cash, Cash Equivalents & STI
470
321
299
225
249
304
353
396
368
464
546
415
389
551
529
+ Cash & Cash Equivalents
200
164
168
185
207
259
308
369
334
422
484
377
338
503
474
+ ST Investments
270
158
130
39
42
45
45
27
33
42
62
38
51
48
54
+ Accounts & Notes Receiv
121
129
118
137
139
146
148
174
195
207
278
308
344
370
407
+ Accounts Receivable, Net
113
114
114
137
139
146
148
172
188
205
269
308
344
358
390
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
7
14
4
- -
- -
- -
- -
2
6
2
9
- -
1
12
16
+ Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
21
25
30
30
22
22
28
32
41
58
64
88
82
93
103
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
560
567
584
620
619
879
876
852
1,768
1,966
1,975
2,664
2,588
2,535
2,552
+ Property, Plant & Equip, Net
68
84
105
118
134
152
147
144
300
303
321
391
372
400
391
+ Property, Plant & Equip
139
172
211
250
304
367
432
495
677
755
850
1,002
1,086
1,190
1,291
- Accumulated Depreciation
71
88
106
133
170
215
285
352
377
452
529
611
714
790
900
+ LT Investments & Receivables
28
35
39
29
36
40
62
63
60
33
63
96
100
85
50
+ LT Investments
28
35
39
29
36
40
62
63
60
33
63
96
100
85
50
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
464
448
440
473
449
686
666
646
1,409
1,631
1,591
2,177
2,116
2,049
2,111
+ Total Intangible Assets
458
438
430
466
438
678
660
631
1,372
1,585
1,535
2,120
2,063
1,971
1,990
+ Goodwill
318
321
326
370
364
557
565
557
1,039
1,205
1,207
1,572
1,579
1,562
1,611
+ Other Intangible Assets
140
117
104
96
74
121
95
74
333
380
328
549
484
409
379
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
6
10
10
7
11
9
6
15
36
46
56
57
53
79
121
Total Assets
1,172
1,042
1,031
1,010
1,029
1,351
1,406
1,454
2,371
2,696
2,863
3,475
3,403
3,549
3,590
+ Payables & Accruals
41
44
42
34
39
45
49
54
59
64
76
76
78
118
122
+ Accounts Payable
41
44
42
34
39
45
49
54
- -
- -
- -
- -
78
87
98
+ Accrued Taxes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
30
24
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
- -
- -
- -
- -
- -
- -
- -
- -
59
64
76
76
- -
- -
- -
+ ST Debt
- -
- -
- -
30
35
- -
- -
- -
47
40
36
69
68
35
42
+ ST Borrowings
- -
- -
- -
30
35
- -
- -
- -
11
- -
- -
32
32
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
36
40
36
37
36
35
42
+ Other ST Liabilities
229
214
227
230
230
250
274
308
390
522
671
737
734
814
890
+ Deferred Revenue
155
146
149
146
141
165
171
196
250
307
377
456
518
541
586
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
74
68
78
84
90
85
103
113
140
215
293
281
216
274
304
Total Current Liabilities
271
257
270
294
304
295
323
363
496
626
784
882
881
967
1,053
+ LT Debt
- -
- -
- -
- -
- -
250
180
70
641
587
495
1,254
1,092
869
1,219
+ LT Borrowings
- -
- -
- -
- -
- -
250
180
70
502
449
359
1,078
940
699
1,073
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
139
138
136
177
151
170
147
+ Other LT Liabilities
44
58
70
62
84
109
98
86
151
211
168
131
103
94
96
+ Accrued Liabilities
31
37
48
43
45
63
65
36
127
142
138
96
62
50
48
+ Pension Liabilities
6
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
8
21
22
19
39
46
33
50
24
69
30
35
41
44
48
Total Noncurrent Liabilities
44
58
70
62
84
359
278
156
792
798
663
1,385
1,195
963
1,315
Total Liabilities
315
315
339
356
388
654
601
519
1,287
1,425
1,447
2,268
2,076
1,930
2,368
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
491
521
540
561
576
584
601
622
655
671
689
758
789
823
870
+ Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Additional Paid in Capital
491
521
540
561
576
584
601
622
655
671
689
758
789
823
870
- Treasury Stock
47
302
449
524
620
668
708
727
729
767
764
987
986
994
1,786
+ Retained Earnings
409
496
595
642
739
862
959
1,115
1,218
1,389
1,526
1,535
1,611
1,909
2,206
+ Other Equity
2
10
5
-25
-55
-82
-47
-75
-61
-22
-35
-99
-86
-119
-68
Equity Before Minority Interest
855
726
690
654
640
696
805
935
1,084
1,271
1,416
1,207
1,328
1,619
1,222
+ Minority/Non Controlling Interest
2
1
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
857
727
691
654
641
697
805
935
1,084
1,271
1,416
1,207
1,328
1,619
1,222
Total Liabilities & Equity
1,172
1,042
1,031
1,010
1,029
1,351
1,406
1,454
2,371
2,696
2,863
3,475
3,403
3,549
3,590
Shares Outstanding
50
47
45
44
43
43
43
43
43
43
43
42
43
43
40
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
174
178
172
214
188
205
188
Net Debt
-200
-164
-168
-155
-172
-9
-128
-299
179
27
-124
733
634
196
598
Net Debt to Equity
-23.39
-22.55
-24.33
-23.72
-26.87
-1.31
-15.93
-32.02
16.52
2.09
-8.79
60.72
47.79
12.1
48.95
Tangible Common Equity Ratio
55.86
47.87
43.47
34.61
34.24
2.84
19.4
36.94
-28.94
-28.24
-8.99
-67.42
-54.87
-22.32
-48.01
Current Ratio
2.26
1.84
1.66
1.33
1.35
1.6
1.64
1.66
1.22
1.17
1.13
0.92
0.93
1.05
0.99
Cash Conversion Cycle
32.69
0.13
1.95
16.44
23.22
20.73
14.57
11.34
35.28
51.7
50.91
56.27
41.39
22.55
20.39

Cash Flow Statement (USD)

APIChatGPT
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
As of date
12/31/2011
12/31/2012
12/31/2013
12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
12/31/2023
12/31/2024
12/31/2025
+ Net Income
98
103
123
78
133
161
137
183
152
224
193
70
141
370
374
+ Depreciation & Amortization
43
43
46
55
64
71
91
97
118
140
151
167
185
190
190
+ Non-Cash Items
1
20
2
15
18
-23
-1
17
23
-18
42
73
-38
-62
-3
+ Stock-Based Compensation
15
19
15
18
17
14
24
32
44
37
42
83
53
55
56
+ Deferred Income Taxes
-4
6
-1
3
3
5
-14
-1
-6
-7
-12
-37
-32
-35
-42
+ Asset Impairment Charge
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
-10
-6
-12
-6
-2
-42
-11
-14
-15
-48
12
27
-58
-81
-18
+ Chg in Non-Cash Work Cap
22
-19
16
-11
26
5
23
18
42
39
64
-12
28
93
29
+ (Inc) Dec in Accts Receiv
-4
-17
-2
-26
-7
- -
-1
-30
11
-9
-68
-39
-38
-30
-26
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc (Dec) in Accts Payable
-5
1
-1
-2
5
3
1
6
3
-10
7
-2
-2
10
1
+ Inc (Dec) in Other
31
-4
18
16
29
2
24
42
27
58
124
29
68
114
54
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
165
146
187
137
242
214
250
315
334
384
450
298
316
592
590
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
-41
-252
-154
-77
-97
-49
-42
-21
-5
-42
-1
-226
-1
-12
-787
+ Increase in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
-41
-252
-154
-77
-97
-49
-42
-21
-5
-42
-1
-226
-1
-12
-787
+ Net Change in LT Investment
-88
105
28
91
-11
-20
-18
8
-2
-10
-12
6
15
11
23
+ Dec in LT Investment
298
260
171
112
30
29
42
51
36
47
59
43
31
27
46
+ Inc in LT Investment
-386
-156
-143
-20
-41
-48
-60
-43
-38
-56
-71
-36
-16
-16
-22
+ Net Cash From Acq & Div
-2
6
-10
-64
-11
-192
23
18
-664
-39
-54
-676
22
45
-43
+ Cash from Divestitures
- -
6
1
- -
- -
- -
24
18
18
35
1
- -
26
52
- -
+ Cash for Acq of Subs
-2
- -
-11
-64
-11
-192
-1
- -
-682
-74
-55
-676
-4
-7
-43
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
-21
-30
-33
-58
-58
-63
-66
-76
-80
-75
-102
-130
-119
-78
-120
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-111
80
-15
-31
-80
-274
-61
-50
-746
-124
-168
-799
-82
-21
-139
+ Dividends Paid
-10
-25
-17
-30
-34
-38
-39
-43
-48
-51
-54
-62
-64
-69
-77
+ Net Cash From Debt
- -
- -
- -
30
5
215
-70
-110
444
-63
-90
751
-138
-274
375
+ Cash From Debt
- -
- -
- -
30
50
230
- -
- -
610
410
10
1,125
260
90
1,175
+ Repayments of Debt
- -
- -
- -
- -
-45
-15
-70
-110
-166
-473
-100
-374
-398
-364
-800
+ Other Financing Activities
18
12
4
1
-2
-5
-6
-15
-18
-26
-66
-48
-76
-29
-26
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-33
-265
-166
-76
-128
124
-158
-189
374
-182
-212
415
-278
-384
-515
Effect of Foreign Exchange Rates
-1
2
-1
-12
-13
-11
17
-15
3
10
-9
-21
5
-21
36
Net Changes in Cash
22
-39
5
29
34
63
32
76
-38
78
70
-86
-44
186
-64
EBITDA
181
194
216
222
255
252
261
312
307
355
408
334
416
611
694
EBITDA Margin (%)
28.72
29.43
30.99
29.14
32.33
31.49
28.63
30.64
26.06
25.53
23.99
17.88
20.38
26.86
28.37
Free Cash Flow
165
146
187
137
242
214
250
315
334
384
450
298
316
592
590
Net Cash Paid for Acquisitions
2
-6
10
64
11
192
-23
-18
664
39
54
676
-22
-45
43
Free Cash Flow to Firm
166
146
187
137
242
215
254
316
341
393
456
314
359
631
620
Free Cash Flow to Equity
165
146
187
167
246
429
180
205
779
321
360
1,049
179
317
965
Free Cash Flow per Basic Share
3.3
3.01
4.04
3.06
5.46
4.97
5.86
7.39
7.83
8.96
10.46
6.99
7.43
13.82
14.07
Price/Free Cash Flow
18.37
21.15
19.45
21.27
14.75
14.9
16.67
15
19.55
26.03
32.99
31.2
38.81
24.53
15.55
Cash Flow to Net Income
1.68
1.35
1.51
1.74
1.82
1.33
1.83
1.72
2.2
1.72
2.33
4.22
2.24
1.6
1.58
Capital Expenditures
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -