Company / Total Debt
Morningstar, Inc. Total Debt History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Total Debt
$1.1B
FY2025
5-year range
$359.4M / $1.1B
FY2021-FY2025
Trend
+53.5%
vs FY2024
Sector context
#107 of 198
Financials
What the data says
At $1.1B, Morningstar, Inc.'s total debt ranks #92 of 198 in the Financials sector. Total Debt returned to growth in FY2025 after 2 years of decline, reaching $1.1B.
Based on SEC 10-K filings.
$1.1B in FY2025 with a 5-year CAGR of +19.0%.
Increased from $972M to $1.1B over the past 2 years.
Financials sector context is included.
Total Debt over time
Growth rates
- 3-Year CAGR
- -1.1%
- 5-Year CAGR
- +19.0%
- 10-Year CAGR
- -
Sector benchmark
#92 of 198 in FinancialsTop 46% of 198This company $1.1B Sector average $11.0B
▼
-90.2% below sector average
Key checks
Key Insights
- 5-year CAGR of +19.0%, indicating consistent growth.
- In FY2025, total debt increased 53.5% year-over-year.
- Ranks #107 out of 198 companies in the Financials sector.
- Peak total debt was recorded in FY2022.
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 | Total DebtValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.1B | +53.5% |
| FY2024 | $698.6M | -28.2% |
| FY2023 | $972.4M | -12.4% |
| FY2022 | $1.1B | +208.7% |
| FY2021 | $359.4M | -20.0% |
| FY2020 | $449.1M | -12.5% |
| FY2019 | $513.1M | +633.0% |
| FY2018 | $70.0M | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026