Company / Goodwill
Morningstar, Inc. Goodwill History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Goodwill
$1.6B
FY2025
5-year range
$1.2B / $1.6B
FY2021-FY2025
Trend
+3.1%
vs FY2024
Sector context
#84 of 318
Financials
What the data says
At $1.6B, Morningstar, Inc.'s goodwill ranks #84 of 318 in the Financials sector. Goodwill has fluctuated over the past 10 years, ranging from $364M in FY2016 to $1.6B in FY2025.
Based on SEC 10-K filings.
$1.6B in FY2025 with a 5-year CAGR of +9.2%.
Improved from $1.6B to $1.6B over the past 2 years.
Financials sector context is included.
Goodwill over time
Growth rates
- 3-Year CAGR
- +10.1%
- 5-Year CAGR
- +9.2%
- 10-Year CAGR
- -
Sector benchmark
#84 of 318 in FinancialsTop 26% of 318This company $1.6B Sector average $3.2B
▼
-50.0% below sector average
Key checks
Key Insights
- 5-year CAGR of +9.2%, indicating consistent growth.
- In FY2025, goodwill increased 3.1% year-over-year.
- Ranks #84 out of 318 companies in the Financials sector.
- Lowest goodwill in the period was in FY2016.
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 | GoodwillValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.6B | +3.1% |
| FY2024 | $1.6B | -1.1% |
| FY2023 | $1.6B | +30.8% |
| FY2022 | $1.2B | +0.2% |
| FY2021 | $1.2B | +16.0% |
| FY2020 | $1.0B | +86.7% |
| FY2019 | $556.7M | +0.0% |
| FY2018 | $556.7M | -0.0% |
| FY2017 | $556.8M | +52.9% |
| FY2016 | $364.2M | -1.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026