Stocktoria
Morningstar, Inc. MORN
Morningstar, Inc. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.0B | $1.9B | $1.7B | $1.4B | $1.2B | $1.0B | $911.7M | $798.6M |
| Operating income | $526.6M | $484.8M | $230.6M | $167.8M | $257.0M | $215.2M | $189.6M | $215.8M | $169.8M | $180.8M |
| Income tax | $121.5M | $104.0M | $33.0M | $56.5M | $62.6M | $59.7M | $45.6M | $47.8M | $42.9M | $63.7M |
| Net income | — | — | — | — | — | — | — | $183.0M | $136.9M | $161.0M |
| EPS (diluted) | $8.87 | $8.58 | $3.29 | $1.64 | $4.45 | $5.18 | $3.52 | $4.25 | $3.18 | $3.72 |
| Operating cash flow | $589.7M | $591.6M | $316.4M | $297.8M | $449.9M | $384.3M | $334.4M | $314.8M | $250.1M | $213.7M |
| Free cash flow | $442.6M | $448.9M | $197.3M | $168.3M | $348.1M | $307.6M | $254.4M | $238.7M | $183.5M | $150.9M |
| Cash & equivalents | $474.5M | $502.7M | $337.9M | $376.6M | $483.8M | $422.5M | $334.1M | $369.3M | $308.2M | $259.1M |
| Total assets | $3.6B | $3.5B | $3.4B | $3.5B | $2.9B | $2.7B | $2.4B | $1.5B | $1.4B | $1.4B |
| Total liabilities | $2.4B | $1.9B | $2.1B | $2.3B | $1.4B | $1.4B | $1.3B | $519.1M | $600.8M | $654.1M |
| Shareholders' equity | $1.2B | $1.6B | $1.3B | $1.2B | $1.4B | $1.3B | $1.1B | $934.7M | $804.9M | $696.8M |
Growth · year-over-year · Revenue CAGR 13.2%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +7.5% | +11.6% | +9.0% | +10.1% | +22.3% | +17.9% | +15.6% | +11.9% | +14.2% | +1.2% |
| Net income growth | — | — | — | — | — | — | — | +33.7% | -15.0% | +21.4% |
| EPS growth | +3.4% | +160.8% | +100.6% | -63.1% | -14.1% | +47.2% | -17.2% | +33.6% | -14.5% | +24.0% |
| Free cash flow growth | -1.4% | +127.5% | +17.2% | -51.7% | +13.2% | +20.9% | +6.6% | +30.1% | +21.6% | -18.1% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.