Company / Financials
Morningstar, Inc. Financials
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableRevenue
$2.4B
FY2025 · +7.5% YoY
Net Income
$374.2M
FY2025 · +1.2% YoY
Profit Margin
15.3%
FY2025 · net income / revenue
ROE
30.6%
FY2025 · return on equity
Total Assets
$3.6B
FY2025
Total Debt
$1.1B
0.88x debt/equity
Equity
$1.2B
FY2025
ROA
10.4%
FY2025 · return on assets
Statement paths
Financial highlights
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 24.8%
Data sourced from SEC EDGAR filings. Not investment advice.
Metric history
Revenue HistoryTotal revenue from operations$2.4B+7.5% YoYNet Income HistoryProfit after all expenses and taxes$374.2M+1.2% YoYCost of Revenue HistoryDirect costs of producing goods and services sold$952.9M+6.4% YoYOperating Income HistoryProfit from core business operations before interest and taxes$526.6M+8.6% YoYSG&A Expense HistorySelling, general, and administrative expenses$334.0M+2.1% YoYR&D Expense HistoryResearch and development spending$49.2MInterest Expense HistoryCost of borrowing and debt obligations$1.3MIncome Tax HistoryTotal income tax expense$121.5M+16.8% YoYEPS (Basic) HistoryBasic earnings per share$3.31+100.6% YoYEPS (Diluted) HistoryDiluted earnings per share including stock options and convertibles$3.29+100.6% YoY