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Morningstar Inc
NASDAQ:MORN

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Morningstar Inc Logo
Morningstar Inc
NASDAQ:MORN
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Price: 292.62 USD 0.08% Market Closed
Updated: Apr 20, 2024
Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

2B
+3%
Revenue
Growth Rates:
1 Year
+9%
3 Years
+47%
5 Years
+100%
7 Years
+155%
10 Years
+192%
230.6m
+34%
Operating Income
Growth Rates:
1 Year
+37%
3 Years
-9%
5 Years
+7%
7 Years
+28%
10 Years
+35%
141.1m
+99%
Net Income
Growth Rates:
1 Year
+100%
3 Years
-37%
5 Years
-23%
7 Years
-12%
10 Years
+14%

Earnings Waterfall
Morningstar Inc

Revenue
2B USD
Cost of Revenue
-843.5m USD
Gross Profit
1.2B USD
Operating Expenses
-964.5m USD
Operating Income
230.6m USD
Other Expenses
-89.5m USD
Net Income
141.1m USD

Income Statement
Morningstar Inc

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Income Statement
Currency: USD
Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023
Revenue
Revenue
698
N/A
711
+2%
725
+2%
744
+3%
760
+2%
769
+1%
781
+2%
784
+0%
789
+1%
791
+0%
787
0%
788
+0%
799
+1%
816
+2%
847
+4%
881
+4%
912
+4%
946
+4%
969
+2%
1 000
+3%
1 020
+2%
1 035
+2%
1 057
+2%
1 109
+5%
1 179
+6%
1 244
+6%
1 298
+4%
1 342
+3%
1 390
+4%
1 458
+5%
1 546
+6%
1 618
+5%
1 699
+5%
1 764
+4%
1 819
+3%
1 858
+2%
1 871
+1%
1 893
+1%
1 928
+2%
1 975
+2%
2 039
+3%
Gross Profit
Cost of Revenue
(271)
(285)
(302)
(310)
(319)
(322)
(323)
(327)
(330)
(337)
(340)
(341)
(344)
(356)
(365)
(371)
(387)
(392)
(397)
(406)
(411)
(414)
(422)
(450)
(483)
(515)
(539)
(549)
(518)
(577)
(614)
(658)
(698)
(732)
(762)
(774)
(779)
(807)
(826)
(833)
(844)
Gross Profit
427
N/A
425
0%
422
-1%
434
+3%
441
+2%
447
+1%
458
+2%
457
0%
459
+0%
454
-1%
448
-1%
447
0%
454
+2%
460
+1%
482
+5%
510
+6%
525
+3%
554
+5%
572
+3%
595
+4%
609
+2%
622
+2%
635
+2%
659
+4%
696
+6%
729
+5%
760
+4%
793
+4%
871
+10%
882
+1%
932
+6%
959
+3%
1 001
+4%
1 031
+3%
1 057
+3%
1 084
+3%
1 091
+1%
1 087
0%
1 102
+1%
1 142
+4%
1 195
+5%
Operating Income
Operating Expenses
(256)
(257)
(261)
(272)
(275)
(275)
(272)
(270)
(268)
(266)
(265)
(266)
(274)
(293)
(313)
(333)
(355)
(366)
(376)
(386)
(393)
(404)
(420)
(460)
(506)
(545)
(564)
(603)
(618)
(644)
(708)
(712)
(744)
(785)
(804)
(877)
(924)
(951)
(978)
(970)
(965)
Selling, General & Administrative
(211)
(210)
(212)
(220)
(220)
(217)
(211)
(208)
(204)
(200)
(198)
(197)
(203)
(218)
(234)
(249)
(264)
(272)
(281)
(288)
(296)
(306)
(321)
(351)
(389)
(416)
(428)
(465)
(478)
(502)
(562)
(564)
(593)
(633)
(650)
(717)
(757)
(777)
(798)
(787)
(780)
Depreciation & Amortization
(46)
(47)
(49)
(52)
(55)
(58)
(61)
(62)
(64)
(66)
(67)
(69)
(71)
(76)
(80)
(84)
(91)
(93)
(95)
(98)
(97)
(97)
(100)
(110)
(118)
(128)
(136)
(137)
(140)
(142)
(146)
(148)
(151)
(152)
(154)
(160)
(167)
(174)
(181)
(183)
(185)
Operating Income
171
N/A
169
-1%
161
-4%
162
+0%
167
+3%
173
+4%
186
+8%
187
+0%
191
+2%
188
-1%
183
-3%
181
-1%
181
0%
167
-8%
169
+1%
177
+5%
170
-4%
188
+11%
197
+4%
209
+6%
216
+3%
218
+1%
215
-1%
199
-7%
190
-5%
185
-3%
195
+6%
190
-3%
253
+33%
238
-6%
224
-6%
247
+11%
257
+4%
246
-4%
253
+3%
207
-18%
168
-19%
136
-19%
124
-9%
172
+39%
231
+34%
Pre-Tax Income
Interest Income Expense
11
10
11
11
8
8
2
2
2
2
2
2
38
37
36
35
(0)
0
0
6
5
5
6
15
12
9
7
42
74
76
76
25
(3)
(3)
(10)
(19)
(31)
(54)
(60)
(61)
(61)
Non-Reccuring Items
0
0
(61)
(61)
(61)
(61)
0
0
0
0
0
0
0
0
0
0
17
0
(1)
(1)
0
0
0
0
0
0
0
0
(38)
0
0
0
0
0
0
0
0
0
0
0
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18
18
0
28
11
11
11
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(3)
(2)
(1)
(2)
0
(1)
(0)
2
1
2
4
5
6
6
1
(2)
(5)
(6)
(2)
1
2
0
(0)
(3)
(3)
(8)
(6)
(7)
(6)
4
(1)
(2)
(4)
3
(4)
(14)
(7)
(12)
(1)
11
12
Pre-Tax Income
178
N/A
176
-1%
110
-37%
110
0%
114
+4%
119
+4%
188
+58%
191
+1%
194
+2%
192
-1%
189
-2%
188
-1%
225
+20%
209
-7%
223
+7%
228
+2%
181
-20%
211
+16%
205
-3%
226
+11%
233
+3%
222
-5%
220
-1%
211
-4%
199
-6%
186
-7%
196
+6%
225
+15%
283
+26%
317
+12%
299
-6%
270
-10%
251
-7%
246
-2%
240
-3%
174
-27%
131
-25%
70
-47%
62
-11%
122
+96%
182
+49%
Net Income
Tax Provision
(56)
(57)
(33)
(34)
(36)
(37)
(64)
(64)
(63)
(62)
(59)
(61)
(64)
(57)
(57)
(57)
(54)
(59)
(56)
(56)
(50)
(48)
(47)
(44)
(46)
(43)
(46)
(50)
(60)
(65)
(64)
(63)
(63)
(66)
(59)
(49)
(57)
(48)
(34)
(45)
(33)
Income from Continuing Operations
122
119
78
76
78
82
124
127
131
130
130
127
161
152
166
170
128
152
148
171
183
174
173
167
153
143
150
176
223
252
235
207
188
180
180
126
74
22
28
77
149
Income to Minority Interest
0
0
0
0
0
(0)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Equity Earnings Affiliates
2
2
2
2
0
(0)
(0)
0
2
2
1
1
(0)
(2)
(2)
(2)
(1)
(2)
(2)
(2)
(2)
(2)
(1)
(2)
(1)
(0)
(1)
0
0
3
4
6
5
4
1
(2)
(4)
(5)
(5)
(6)
(7)
Net Income (Common)
124
N/A
120
-3%
79
-34%
78
-2%
78
+0%
82
+4%
124
+52%
127
+3%
133
+5%
132
-1%
131
0%
128
-3%
161
+26%
150
-7%
165
+10%
168
+2%
137
-19%
161
+17%
157
-3%
180
+15%
183
+2%
174
-5%
175
+0%
167
-4%
152
-9%
143
-6%
149
+4%
176
+18%
224
+27%
255
+14%
239
-6%
212
-11%
193
-9%
185
-5%
182
-2%
124
-32%
71
-43%
17
-76%
23
+36%
71
+211%
141
+99%
EPS (Diluted)
2.66
N/A
2.67
+0%
1.73
-35%
1.72
-1%
1.74
+1%
1.83
+5%
2.78
+52%
2.87
+3%
2.99
+4%
3.05
+2%
3.03
-1%
2.95
-3%
3.72
+26%
3.47
-7%
3.81
+10%
3.93
+3%
3.18
-19%
3.74
+18%
3.63
-3%
4.16
+15%
4.25
+2%
4.05
-5%
4.05
N/A
3.86
-5%
3.52
-9%
3.3
-6%
3.44
+4%
4.06
+18%
5.18
+28%
5.89
+14%
5.53
-6%
4.9
-11%
4.45
-9%
4.26
-4%
4.23
-1%
2.91
-31%
1.64
-44%
0.39
-76%
0.53
+36%
1.65
+211%
3.29
+99%

See Also

Summary
MORN intrinsic value, competitors valuation, and company profile.
DCF Valuation
MORN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MORN stock valuation using valuation multiples.
Wall Street Estimates
MORN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MORN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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