Company / Operating Cash Flow
Morningstar, Inc. Operating Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Cash Flow
$589.7M
FY2025
5-year range
$316.4M / $591.6M
FY2021-FY2025
Trend
-0.3%
vs FY2024
Sector context
#135 of 413
Financials
What the data says
At $590M, Morningstar, Inc.'s operating cash flow ranks #135 of 413 in the Financials sector. Operating Cash Flow has fluctuated over the past 10 years, ranging from $137M in FY2016 to $592M in FY2024.
Based on SEC 10-K filings.
$590M in FY2025 with a 5-year CAGR of +13.4%.
Improved from $316M to $590M over the past 2 years.
Financials sector context is included.
Operating Cash Flow over time
Growth rates
- 3-Year CAGR
- +15.3%
- 5-Year CAGR
- +13.4%
- 10-Year CAGR
- -
Sector benchmark
#135 of 413 in FinancialsTop 33% of 413This company $589.7M Sector average $636.4M
▼
-7.3% below sector average
Key checks
Key Insights
- 5-year CAGR of +13.4%, indicating consistent growth.
- In FY2025, operating cash flow decreased 0.3% year-over-year.
- Ranks #135 out of 413 companies in the Financials sector.
- Peak operating cash flow 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 | Operating Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $589.7M | -0.3% |
| FY2024 | $591.6M | +87.0% |
| FY2023 | $316.4M | -17.7% |
| FY2022 | $384.3M | +14.9% |
| FY2021 | $334.4M | +6.2% |
| FY2020 | $314.8M | +25.9% |
| FY2019 | $250.1M | -20.6% |
| FY2018 | $314.8M | +30.4% |
| FY2017 | $241.5M | +76.8% |
| FY2016 | $136.6M | -26.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026