profit from every $100 of sales.
$0$100
Morningstar
$248.65+0.88% today
+15.9% in 1 year
1-year low $141.841-year high $248.65
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $24.66 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Morningstar sold, what it kept, and what it did with the cash.
Sales went from $1.87 billion in 2022 to $2.45 billion in 2025, with $374 million of profit last year.
SalesProfit
Morningstar handed back more cash to shareholders than it generated last year.
Buybacks $787M
Free cash flow 2025$443M
Bought back its own shares$787M
Paid as dividends$77M
Cash vs. debt$475M vs. $1.3B
Morningstar vs. similar companies
Morningstar grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Morningstar | 24.7× · Fair price | ||
 Nasdaq | 34.3× · Expensive | ||
 Cboe Global Markets | 35.0× · Expensive | ||
 FactSet Research Systems | 22.1× · Fair price | ||
 Value Line | 18.8× · Fair price |
AI analysis
An AI analyst reads Morningstar's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,390 | 1,699 | 1,871 | 2,039 | 2,275 | 2,446 | |
| 833 | 1,001 | 1,091 | 1,195 | 1,379 | 1,493 | |
| 215 | 257 | 168 | 231 | 421 | 504 | |
| 355 | 408 | 326 | 418 | 732 | 729 | |
| 224 | 193 | 71 | 141 | 370 | 374 | |
| 5.18 | 4.45 | 1.64 | 3.29 | 8.58 | 8.87 | |
| 60.0% | 58.9% | 58.3% | 58.6% | 60.6% | 61.0% | |
| 15.5% | 15.1% | 9.0% | 11.3% | 18.5% | 20.6% | |
| 16.1% | 11.4% | 3.8% | 6.9% | 16.3% | 15.3% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 2,696 | 2,863 | 3,475 | 3,403 | 3,549 | 3,590 |
| Cash | 423 | 484 | 377 | 338 | 503 | 475 |
| Total debt | 627 | 532 | 1,324 | 1,160 | 904 | 1,261 |
| Total liabilities | 1,425 | 1,447 | 2,268 | 2,076 | 1,930 | 2,368 |
| 1,271 | 1,416 | 1,207 | 1,328 | 1,619 | 1,222 | |
| 43 | 43 | 43 | 43 | 43 | 42 | |
| 9.0% | 10.4% | 5.0% | 7.4% | 16.9% | 17.1% | |
| 17.6% | 13.7% | 5.8% | 10.6% | 22.9% | 30.6% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 384 | 450 | 298 | 316 | 592 | 590 | |
| 77 | 102 | 130 | 119 | 143 | 147 | |
| 308 | 348 | 168 | 197 | 449 | 443 | |
| Dividends paid | 51 | 54 | 62 | 64 | 69 | 77 |
| 42 | 1 | 226 | 1 | 12 | 787 | |
| 37 | 42 | 83 | 53 | 55 | 56 |
Valuation
- 24.7×
- 20.9×
- 2.17
- 6.5×
- 3.8×
- 20.8×
- 13.7×
- 4.8%
- 4.1%
- 1.1%
Profitability
- 61.0%
- 20.6%
- 15.3%
- 30.8%
- 14.3%
- 9.5%
- 30.0%
- 10.1%
- 19.2%
- –
Growth
- +12.0%
- +11.4%
- −1.4%
- +3.7%
- −0.6%
Financial health
- 1.8×
- 1.87
- 47.8%
- 12.2×
- 1.03
- 1.03
- 0.63
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 17%of 749
Bottom 47%of 604
Bottom 24%of 872
Top 41%of 883
Top 49%of 931
What analysts expect
- Average price target
- $236.50
- Range
- $193.00 – $280.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 3.18 | 2.41 | +32.0% |
| Feb 12, 2026 | 2.71 | 2.36 | +14.8% |
| Oct 29, 2025 | 2.55 | 2.34 | +9.0% |
| Jul 30, 2025 | 2.40 | 2.21 | +8.6% |
| Apr 30, 2025 | 2.23 | 2.06 | +8.3% |
| Feb 26, 2025 | 2.14 | 2.06 | +3.9% |
| Oct 23, 2024 | 2.00 | 2.01 | −0.5% |
| Jul 24, 2024 | 2.01 | – | – |
1.1%of the share price, paid each year
On $1,000 invested$11a year at today's yield, before tax
+3.7%2020 to 2025
Raised4 yearsin a row, in our data
Paid per share, each year
$0.76 in 2015 → $1.82 in 2025
How safe it looks
20.6% of its profit
Room to growStretchedMore than it earns: 17.4%
News
AMD, Nvidia and Intel diverge as Morningstar resets the scorecardYahoo Finance · Nov 6, 2026AMD Faces Nvidia Software Hurdle, While Intel Could Reclaim PC Market Share, Morningstar SaysYahoo Finance · Nov 5, 2026CME vs. Morningstar: Scale vs. Consistent Trajectories in RevenueYahoo Finance · Oct 30, 2026Vanguard Morningstar Growth ETF vs. Vanguard Information Technology ETF: Here's Which One I Believe Is the Clear Long-Term Winner.Yahoo Finance · Oct 24, 2026FlexShares Morningstar Global Upstream Natural Resources Index Fund declares quarterly distribution of $0.3663Seeking Alpha · Sep 18, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
52No pass
Benjamin Graham
38No pass
Philip Fisher
65Pass
Peter Lynch
42No pass
Joel Greenblatt
32No pass
Charlie Munger
51No pass
Terry Smith
52No pass
Questions about Morningstar
Is Morningstar a good stock to buy?
A solid business at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Morningstar AI analysis
What does Morningstar do?
Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. It is in Financial - Data & Stock Exchanges, based in Chicago, IL, United States, with 10,973 employees.
Does Morningstar pay a dividend?
Yes. At today's price the dividend is 1.1% a year, about 21% of its yearly profit. In 2025 it paid out $76.9 million in dividends.
Is Morningstar stock halal?
Yes. Morningstar passes our halal screen: its business is permitted and its debt is 14% of its market value, under the 30% limit. How we check
How has Morningstar stock done over the past year?
Up 15.9% over the past twelve months, to $248.65. It traded between $141.84 and $248.65, close to its high.
Who are Morningstar's competitors?
The largest listed companies in the same industry are Nasdaq, Cboe Global Markets, FactSet Research Systems and Value Line. The peers table on this page compares their profit, growth and price with Morningstar's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.