Morningstar, Inc. (MORN) Financials

NASDAQ:MORN

Market Cap

10.80B

Total Revenue

1.87B

Gross Profit

1.09B

Operating Income

167.80M

Net Income

70.50M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	698,266,000	760,071,000	788,800,000	798,600,000	911,700,000	1,019,900,000	1,179,000,000	1,389,500,000	1,699,300,000	1,870,600,000
costOfRevenue	271,437,000	318,638,000	330,100,000	344,300,000	386,600,000	411,100,000	483,100,000	556,400,000	698,400,000	779,300,000
grossProfit	426,829,000	441,433,000	458,700,000	454,300,000	525,100,000	608,800,000	695,900,000	833,100,000	1,000,900,000	1,091,300,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	103,614,000	111,088,000	96,600,000	97,600,000	134,300,000	148,500,000	177,900,000	206,400,000	274,800,000	356,500,000
generalAndAdministrativeExpenses	106,868,000	108,865,000	107,100,000	105,200,000	129,800,000	147,800,000	210,700,000	272,000,000	318,400,000	400,400,000
sellingGeneralAndAdministrativeExpenses	210,482,000	219,953,000	203,700,000	202,800,000	264,100,000	296,300,000	388,600,000	478,400,000	593,200,000	756,900,000
operatingExpenses	256,175,000	274,839,000	268,100,000	273,500,000	355,300,000	393,000,000	506,300,000	617,900,000	743,900,000	923,500,000
operatingIncome	170,654,000	105,594,000	190,600,000	180,800,000	169,800,000	215,800,000	189,600,000	215,200,000	257,000,000	167,800,000
totalOtherIncomeExpensesNet	4,644,000	-54,746,000	1,800,000	43,800,000	14,900,000	18,900,000	8,900,000	67,800,000	-6,500,000	-37,200,000
ebitda	216,347,000	282,480,000	255,000,000	214,400,000	244,300,000	302,000,000	287,800,000	351,100,000	409,000,000	325,600,000
depreciationAndAmortization	45,693,000	54,886,000	64,400,000	70,700,000	91,200,000	96,700,000	98,200,000	135,900,000	152,000,000	157,800,000
interestIncome	2,940,000	2,562,000	1,800,000	1,800,000	1,900,000	2,300,000	2,400,000	1,600,000	1,700,000	1,700,000
interestExpense	228,000	512,000	500,000	1,500,000	5,500,000	4,100,000	11,100,000	9,500,000	8,700,000	28,400,000
incomeBeforeTax	178,010,000	113,898,000	193,700,000	224,900,000	181,100,000	232,900,000	198,500,000	283,000,000	250,500,000	130,600,000
incomeTaxExpense	56,031,000	35,678,000	62,700,000	63,700,000	42,900,000	47,800,000	45,600,000	59,700,000	62,600,000	56,500,000
netIncome	123,529,000	78,301,000	132,600,000	161,000,000	136,900,000	183,000,000	152,000,000	223,600,000	193,300,000	70,500,000
eps	2.68	1.75	3	3.74	3.21	4.3	3.56	5.22	4.5	1.65
epsdiluted	2.66	1.74	3	3.72	3.18	4.26	3.52	5.18	4.45	1.64
weightedAverageShsOut	46,200,000	44,700,000	44,200,000	43,000,000	42,700,000	42,600,000	42,700,000	42,900,000	43,000,000	42,600,000
weightedAverageShsOutDil	46,500,000	44,900,000	44,300,000	43,300,000	43,000,000	43,000,000	43,200,000	43,200,000	43,400,000	42,900,000
costAndExpenses	527,612,000	593,477,000	598,200,000	617,800,000	741,900,000	804,100,000	989,400,000	1,174,300,000	1,442,300,000	1,702,800,000
otherExpenses	4,644,000	6,254,000	1,800,000	6,700,000	-1,800,000	8,400,000	117,700,000	139,500,000	150,700,000	166,600,000

Key Facts

Industry

Financial Data & Stock Exchanges

Sector

Financial Services

Headquarters

Chicago, IL, US

Website

morningstar.com

CEO

Mr. Kunal Kapoor CFA

Employees

12126

About the Company

Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors. It also provides Morningstar Data, an investment data spanning various databases, including equity fundamentals, managed investments, ESG factors, and market data; Morningstar Direct, an investment-analysis platform; Morningstar Managed Portfolios, an advisor service consisting of model portfolio that offers services for independent financial advisors, as well as offers asset allocation services for asset managers, broker/dealers, and insurance providers; Morningstar Advisor Workstation, a web-based research, financial planning, and proposal generation platform; and Morningstar.com, a website for individual investors. In addition, the company offers Morningstar Enterprise Components; Morningstar Credit Ratings that provides issuance and surveillance services for structured finance products and instruments; corporate credit estimates and operational risk assessment rankings; Morningstar Indexes for creating investment products; Morningstar workplace solutions, such as retirement accounts, fiduciary services, allocation funds, and custom models; and PitchBook Platform, research and analysis workstation for investment and research professionals. Further, its PitchBook provides a mobile application, excel plug-in, data feeds, and data solutions. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.