Revenue
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Morningstar, Inc. (MORN)
Price$209.40Cached quote
Net income
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.45B | $2.28B | $2.04B | $1.87B | $1.70B | $1.39B | $1.18B | $1.02B | $911.7M | $798.6M | $788.8M | $760.1M | $698.3M | $658.3M | $631.4M | $555.4M | $479.0M | $502.5M |
| Gross profit | $1.49B | $1.38B | $1.20B | $1.09B | $1.00B | $833.1M | $695.9M | $608.8M | $525.1M | $454.3M | $458.7M | $441.5M | $426.9M | $411.5M | $396.1M | $398.3M | $350.4M | $372.4M |
| Gross margin | 61.03% | 60.63% | 58.62% | 58.34% | 58.90% | 59.96% | 59.02% | 59.69% | 57.60% | 56.89% | 58.15% | 58.08% | 61.13% | 62.51% | 62.74% | 71.72% | 73.15% | 74.11% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — | — | $51.4M | $53.2M | $49.2M | $38.4M | $40.3M |
| Operating expenses | $966.0M | $894.6M | $1.81B | $1.70B | $1.44B | $1.17B | $989.4M | $804.1M | $741.9M | $617.8M | $598.2M | $654.5M | $527.6M | $507.6M | $493.0M | $434.3M | $354.3M | $363.6M |
| Operating income | $526.6M | $484.8M | $230.6M | $167.8M | $257.0M | $215.2M | $189.6M | $215.8M | $169.8M | $180.8M | $190.6M | $105.6M | $170.7M | $150.7M | $138.4M | $121.1M | $124.7M | $138.9M |
| Operating margin | 21.53% | 21.31% | 11.31% | 8.97% | 15.12% | 15.49% | 16.08% | 21.16% | 18.62% | 22.64% | 24.16% | 13.89% | 24.45% | 22.89% | 21.92% | 21.80% | 26.03% | 27.64% |
| EBITDA | $716.5M | $675.2M | $415.5M | $334.4M | $407.7M | $354.7M | $307.3M | $312.5M | $261.0M | $251.5M | $255.0M | $160.5M | $216.4M | $193.8M | $181.3M | $160.7M | $156.6M | $164.9M |
| EBITDA margin | 29.30% | 29.68% | 20.38% | 17.88% | 23.99% | 25.53% | 26.06% | 30.64% | 28.63% | 31.49% | 32.33% | 21.12% | 30.99% | 29.43% | 28.72% | 28.94% | 32.70% | 32.81% |
| Net income | $374.2M | $369.9M | $141.1M | $70.5M | $193.3M | $223.6M | $152.0M | $183.0M | $136.9M | $161.0M | $132.6M | $78.3M | $123.5M | $108.1M | $98.4M | $86.4M | $82.1M | $89.6M |
| Net profit margin | 15.30% | 16.26% | 6.92% | 3.77% | 11.38% | 16.09% | 12.89% | 17.94% | 15.02% | 20.16% | 16.81% | 10.30% | 17.69% | 16.42% | 15.58% | 15.55% | 17.15% | 17.84% |
| Basic EPSper basic share | $8.93 | $8.64 | $3.31 | $1.65 | $4.50 | $5.22 | $3.56 | $4.30 | $3.21 | $3.74 | $3.00 | $1.75 | $2.68 | $2.23 | $1.96 | $1.75 | $1.71 | $1.94 |
| Diluted EPSper diluted share | $8.87 | $8.58 | $3.29 | $1.64 | $4.45 | $5.18 | $3.52 | $4.25 | $3.18 | $3.72 | $3.00 | $1.74 | $2.66 | $2.20 | $1.92 | $1.70 | $1.65 | $1.82 |
Owners
Reported shareholders
9.33%of listed shares
BAMCO INC /NY/3.5M shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
BAMCO INC /NY/ | 9.33%3.5M shares |
BlackRock, Inc. | 5.55%2.08M shares |
WELLINGTON MANAGEMENT GROUP LLP | 3.98%1.49M shares |
MORGAN STANLEY | 3.96%1.48M shares |
AQR CAPITAL MANAGEMENT LLC | 3.48%1.3M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 2.53%950.08K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.38%894.41K shares |
STATE STREET CORP | 1.91%716.47K shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.54%578.32K shares |
DIMENSIONAL FUND ADVISORS LP | 1.50%561.86K shares |
LOS ANGELES CAPITAL MANAGEMENT LLC | 1.49%557.96K shares |
TWO SIGMA INVESTMENTS, LP | 1.29%484.25K shares |
JANE STREET GROUP, LLC | 1.15%431.3K shares |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.12%420.74K shares |
KENSICO CAPITAL MANAGEMENT CORP | 0.76%284.1K shares |
Invesco Ltd. | 0.69%259.29K shares |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 0.65%244.32K shares |
RENAISSANCE TECHNOLOGIES LLC | 0.64%238.77K shares |
JPMORGAN CHASE & CO | 0.63%236.32K shares |
Bank of New York Mellon Corp | 0.62%232.48K shares |
Percentages use 37.51M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| May 27, 2026Form 4 | Lyons William MDirector | SellCommon Stock | 700 | $179.00 | $125.3K | 13.9K |
| May 22, 2026Form 4 · 10b5-1 | Mansueto Joseph DExecutive Chairman | SellCommon Stock | 227 | $179.52 | $40.8K | 8.04M |
| May 22, 2026Form 4 · 10b5-1 | Mansueto Joseph DExecutive Chairman | SellCommon Stock | 293 | $178.39 | $52.3K | 8.04M |
| May 22, 2026Form 4 · 10b5-1 | Mansueto Joseph DExecutive Chairman | SellCommon Stock | 578 | $177.08 | $102.4K | 8.04M |
| May 22, 2026Form 4 · 10b5-1 | Mansueto Joseph DExecutive Chairman | SellCommon Stock | 741 | $176.30 | $130.6K | 8.04M |