Company / Depreciation & Amortization
Morningstar, Inc. Depreciation & Amortization History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Depreciation & Amortization
$189.9M
FY2025
5-year range
$117.7M / $190.4M
FY2021-FY2025
Trend
-0.3%
vs FY2024
Sector context
#44 of 282
Financials
What the data says
Morningstar, Inc.'s depreciation & amortization of $190M is higher than 84% of companies in the Financials sector (FY2025). Depreciation & Amortization has fluctuated over the past 10 years, ranging from $55M in FY2016 to $190M in FY2024.
Based on SEC 10-K filings.
$190M in FY2025 with a 5-year CAGR of +14.5%. Top quartile in the Financials sector.
Increased from $185M to $190M over the past 2 years.
Financials sector context is included.
Depreciation & Amortization over time
Growth rates
- 3-Year CAGR
- +10.8%
- 5-Year CAGR
- +14.5%
- 10-Year CAGR
- -
Sector benchmark
-9.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +14.5%, indicating consistent growth.
- In FY2025, depreciation & amortization decreased 0.3% year-over-year.
- Ranks #44 out of 282 companies in the Financials sector.
- Peak depreciation & amortization was recorded in FY2024.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 24.8%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Depreciation & AmortizationValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $189.9M | -0.3% |
| FY2024 | $190.4M | +3.0% |
| FY2023 | $184.9M | +32.5% |
| FY2022 | $139.5M | +18.5% |
| FY2021 | $117.7M | +21.7% |
| FY2020 | $96.7M | +6.0% |
| FY2019 | $91.2M | -5.7% |
| FY2018 | $96.7M | +50.2% |
| FY2017 | $64.4M | +17.3% |
| FY2016 | $54.9M | +20.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026