MORN

Morningstar Inc

MORN.US morningstar.com + Research + Basket
CIK 0001289419
Employees 10,973
Phone 312 696 6000
Fiscal year end December
IPO May 03, 2005
Address 22 West Washington Street, Chicago, IL, United States, 60602
244.25
+7.54 (+3.19%)
USD · NASDAQ
52-week range
140.69
242.58
Trading at 100% of the 52-week range
Market Cap
8.78B
P/E Ratio
20.76
Forward P/E
19.80
Book Value
27.64
Div. Yield
0.84%
% Institutions
66.97%
% Insiders
50.22%

1 Year

+16.7%

3 Year

-5.0%

10 Year

+286.9%
Description

Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The company offers managed investments, including mutual funds, exchanged traded funds, separate accounts, collective investment trusts, model portfolios, equities, and fixed-income securities; Morningstar Direct, an investment analysis and reporting application; and Morningstar Advisor Workstation, a suite of tools to provide advice to clients. It also provides PitchBook that offers data and research covering the private capital markets comprising venture capital, private equity and credit, bank loans, and merger and acquisition activities through the PitchBook platform; Morningstar Model Portfolios, an advisor service with model portfolios for fee-based financial advisors; Morningstar International Wealth Platform, which offers discretionary asset management services; and Morningstar Investor/Morningstar.com, an individual investor platform and media site. In addition, the company offers credit ratings, research, data, and credit analytics solutions through Morningstar DBRS and Morningstar Credit Analytics agencies. Further, it provides managed retirement accounts, fiduciary services, and custom models; Morningstar Sustainalytics that provides environmental, social and governance data, research, and ratings; and Morningstar Indexes that offers market indexes used for performance benchmarks and as the basis for investment products and other portfolio strategies. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.

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People

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Directors & Officers

Name Title Year Born
Mr. Joseph D. Mansueto Founder & Executive Chairman of the Board 1956
Mr. Kunal Kapoor C.F.A., CFA CEO & Director 1975
Mr. Michael John Holt C.F.A. Chief Financial Officer 1980
Mr. Conan Wiersema Chief Accounting Officer & Principal Accounting Officer 1979
Sarah Bush Director of Investor Relations NA
Ms. Kathleen Peacock Chief Legal Officer NA
Stephanie Lerdall Senior Manager of Media Relations NA
Ms. Marie Trzupek Lynch Chief People Officer NA
Mr. David W. Williams Chief Design Officer 1961
Mr. Thomas Mark Idzorek Head of Investment Methodology & Economic Research 1971

Insider Trading

Open insider trading
Date Insider Name Title Transaction Type Shares Price Value SEC
Mar 04, 2026 Michael Holt N/A Purchase 1.00K $186.59 $186.59K SEC
Mar 02, 2026 Joseph D Mansueto N/A Sale 3.12K $182.32 $569.20K SEC
Feb 26, 2026 Joseph D Mansueto N/A Sale 7.25K $178.00 $1.29M SEC
Feb 25, 2026 April McClain Delaney N/A Sale N/A $172.41 N/A —
Feb 24, 2026 Joseph D Mansueto N/A Sale 7.25K $159.47 $1.16M SEC
Feb 20, 2026 Joseph D Mansueto N/A Sale 6.61K $161.34 $1.07M SEC
Feb 19, 2026 Joseph D Mansueto N/A Sale 7.25K $161.87 $1.17M SEC
Feb 19, 2026 April McClain Delaney N/A Sale N/A $161.85 N/A —
Feb 18, 2026 Joseph D Mansueto N/A Sale 6.74K $159.09 $1.07M SEC
Feb 17, 2026 Joseph D Mansueto N/A Sale 7.30K $160.63 $1.17M SEC
Feb 13, 2026 Joseph D Mansueto N/A Sale 7.25K $156.21 $1.13M SEC
Feb 12, 2026 Joseph D Mansueto N/A Sale 6.94K $154.74 $1.07M SEC
Feb 10, 2026 Joseph D Mansueto N/A Sale 3.21K $162.84 $523.37K SEC
Feb 09, 2026 Joseph D Mansueto N/A Sale 1.65K $165.00 $272.75K SEC
Feb 06, 2026 Joseph D Mansueto N/A Sale 6.35K $169.57 $1.08M SEC
Feb 06, 2026 April McClain Delaney N/A Sale N/A $165.47 N/A —
Feb 05, 2026 Joseph D Mansueto N/A Sale 6.46K $185.21 $1.20M SEC
Feb 04, 2026 Joseph D Mansueto N/A Sale 7.25K $180.80 $1.31M SEC
Jan 15, 2026 April McClain Delaney N/A Sale N/A $215.64 N/A —
Dec 29, 2025 Caroline J Tsay N/A Sale 600.00 $218.48 $131.09K SEC

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BAMCO Inc 3.50M Jun 30, 2026 9.33% $0.82 360.71%
BlackRock Inc 2.08M Jun 30, 2026 5.55% $0.00 -10.97%
Wellington Management Company LLP 1.49M Jun 30, 2026 3.98% $0.04 -10.19%
Morgan Stanley - Brokerage Accounts 1.48M Jun 30, 2026 3.96% $0.01 -14.24%
AQR Capital Management LLC 1.30M Jun 30, 2026 3.48% $0.07 109.16%
Vanguard Portfolio Management, LLC 950.08K Jun 30, 2026 2.53% $0.01 -9.67%
Vanguard Capital Management, LLC 894.41K Jun 30, 2026 2.38% $0.00 -9.61%
State Street Corp 716.47K Jun 30, 2026 1.91% $0.00 -2.60%
Geode Capital Management, LLC 578.32K Jun 30, 2026 1.54% $0.00 -3.49%
Dimensional Fund Advisors, Inc. 561.86K Jun 30, 2026 1.50% $0.02 8.52%
Two Sigma Investments LLC 484.25K Jun 30, 2026 1.29% $0.05 -43.66%
Jane Street Group LLC 431.30K Jun 30, 2026 1.15% $0.01 29.19%
Arrowstreet Capital Limited Partnership 420.74K Jun 30, 2026 1.12% $0.03 6.54%
Copeland Capital Management, LLC 333.59K Sep 30, 2026 0.89% $1.46 45.32%
Kensico Capital Management Corp 284.10K Jun 30, 2026 0.76% $0.76 110.44%
Amvescap Plc. 259.29K Jun 30, 2026 0.69% $0.00 -9.06%
Massachusetts Financial Services Company 244.32K Jun 30, 2026 0.65% $0.01 -4.09%
Renaissance Technologies Corp 238.77K Jun 30, 2026 0.64% $0.05 -46.81%
JPMorgan Chase & Co 236.32K Jun 30, 2026 0.63% $0.00 -45.05%
Bank of New York Mellon Corp 232.48K Jun 30, 2026 0.62% $0.01 32.84%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Baron Partners Retail 1.88M 5.06% ▼ 0.82% Sep 30, 2026
2 Eaton Vance Atlanta Capital SMID-Cap I 722.48K 1.95% ▼ 11.58% Aug 31, 2026
3 iShares Core S&P Mid-Cap ETF 687.36K 1.85% ▲ 0.09% Oct 29, 2026
4 Baron Focused Growth Retail 653.95K 1.76% ▼ 10.19% Sep 30, 2026
5 Vanguard Windsor Investor Shares 629.49K 1.70% ▼ 7.15% Sep 30, 2026
6 Vanguard MStar Total Stk Mkt Idx Invest 607.51K 1.64% ▲ 0.32% Sep 30, 2026
7 Baron Generational Growth Retail 497.41K 1.34% ▼ 7.03% Sep 30, 2026
8 Vanguard Small Cap Index 422.44K 1.14% ▼ 3.38% Sep 30, 2026
9 Vanguard Explorer Inv 269.19K 0.73% ▼ 15.66% Sep 30, 2026
10 Vanguard MStar Small Cap Growth Indx Inv 235.13K 0.63% ▼ 6.33% Sep 30, 2026

Financial Highlights

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Market Cap: $8.78B
EBITDA: $719.40M
P/E Ratio: $20.76
PEG Ratio: $2.31
Book Value: $27.64
Dividend/Share: $2.00
Dividend Yield: 0.84%
Earnings/Share: $11.40
Profit Margin: 17.00%
Operating Margin: 24.91%
ROA (TTM): 10.27%
ROE (TTM): 35.08%
Revenue (TTM): $2.62B
Revenue/Share (TTM): $67.78
Earnings Growth (YOY): 41.00%
Revenue Growth (YOY): 8.90%

Valuation Metrics

Enterprise Value: $10.21B
Trailing P/E: 20.76
Forward P/E: 19.80

Shares Statistics

Shares Outstanding: 37.10M
Shares Float: 19.17M
% Insiders: 50.22%
% Institutions: 66.97%
Shares Short: 1.24M
Shares Short (Prior Month): 1.42M
Short Ratio: 4.31
Short % Float: 5.64%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$2.45B
Cost of Goods Sold
adjust
$-952.90M
Gross Profit
subtotal
$1.49B
SG&A
adjust
$-334.00M
Other Operating Expense
adjust
$-632.00M
Operating Income
subtotal
$526.60M
Other / Non-Operating Items
adjust
$-152.40M
Net Income
subtotal
$374.20M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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