Morningstar, Inc.
MORN
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Morningstar operates in a growing financial data industry, which is increasingly essential for investors seeking reliable insights and analytics.
- In Q2 2026, Morningstar reported a revenue increase of 3% compared to the previous quarter, reaching $663 million.
- The gross margin improved to 63.9% in Q2 2026, up from 63% in the prior quarter.
- The company's high debt-to-equity ratio of 186.052 raises concerns about financial stability and leverage.
- Morningstar's operating margin was 24.2% in Q2 2026, which is lower than the previous quarter's 24.2%, indicating potential operational challenges.
- The stock's current trailing P/E ratio of 18.62 suggests it may be overvalued compared to industry peers.
Fundamentals
| Market cap | $7.61B | Enterprise value | $8.99B | Trailing P/E | 19.29 | Forward P/E | 14.48 |
| PEG | 2.31 | Price / book | 7.43 | Beta | 1.02 | Dividend yield | 0.99% |
| Revenue growth | 9.6% | Earnings growth | 35.4% | Gross margin | 62.2% | Operating margin | 24.2% |
| Profit margin | 16.4% | ROE | 32.0% | ROA | 9.6% | Debt / equity | 1.86 |
| Current ratio | 1.06 | Free cash flow | $497.80M | Analyst recommendation | buy | Mean target | $236.67 |
| 52w high | $228.95 | 52w low | $141.49 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $663M | $645M | $641M | $617M | $605M | — |
| Op margin | 24.2% | 24.2% | 21.4% | 20.7% | 20.7% | — |
| Net income | $108M | $107M | $115M | $91.6M | $89.0M | — |
| Gross margin | 63.9% | 62.9% | 61.1% | 60.9% | 61.9% | — |
| Gross profit | $424M | $406M | $392M | $376M | $375M | — |
| Operating income | $161M | $156M | $137M | $128M | $125M | — |
- Revenue +3% vs prior quarter ($663M vs $645M).
- Gross margin 63.9% (was 63% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.0B | $1.9B | — |
| Op margin | 20.6% | 18.5% | 11.3% | 9.0% | — |
| Net income | $374M | $370M | $141M | $70.5M | — |
| Gross margin | 61.0% | 60.6% | 58.6% | 58.3% | — |
| Gross profit | $1.5B | $1.4B | $1.2B | $1.1B | — |
| Operating income | $504M | $421M | $231M | $168M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Mall Values Up 13%, Yet $8.7B in Loans Sit in Special Servicing
2026-10-07 · Morningstar (MORN) Stock Is Up, What You Need To Know
2026-10-07 · Morningstar Launches Direct AI Agentic Platform
2026-10-07 · Morningstar Launches Direct AI, an Agentic Platform Built on Independent Insights
2026-10-06 · Why Morningstar (MORN) Stock Is Up Today
2026-10-06 · Morningstar Wealth and Envestnet Expand Advisor Access to Public and Private Markets
2026-10-05 · Morningstar: Geopolitical Tensions, Inflation Top List of Advisors’ Market Concerns
2026-10-05 · How Should Retirees Divide a Portfolio Among Stocks, Bonds and Cash?
2026-10-02 · I’m 55 and Ready to Retire: What Happens to My 401(k)?
2026-10-02 · Micron’s Highest Price Target on Wall Street Is Now $2,100
Price (daily)
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