Company / Working Capital
Morningstar, Inc. Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$15.3M
FY2025
5-year range
-$71.7M / $104.1M
FY2021-FY2025
Trend
-132.7%
vs FY2024
Sector context
#66 of 76
Financials
What the data says
Morningstar, Inc.'s working capital of -$15M is lower than 87% of companies in the Financials sector (FY2025). Working Capital has fluctuated over the past 10 years, ranging from -$72M in FY2022 to $239M in FY2018.
Based on SEC 10-K filings.
-$15M in FY2025.
Improved from -$65M to -$15M over the past 2 years.
Financials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 13% in FinancialsTop 87% of 76This company -$15.3M Sector average $1.3B
▼
-101.2% below sector average
Key checks
Key Insights
- In FY2025, working capital decreased 132.7% year-over-year.
- Ranks #66 out of 76 companies in the Financials sector.
- Peak working capital was recorded in FY2018.
- Lowest working capital in the period was 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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$15.3M | -132.7% |
| FY2024 | $46.8M | +171.9% |
| FY2023 | -$65.1M | +9.2% |
| FY2022 | -$71.7M | -168.9% |
| FY2021 | $104.1M | +0.6% |
| FY2020 | $103.5M | -3.6% |
| FY2019 | $107.4M | -55.0% |
| FY2018 | $238.8M | +15.6% |
| FY2017 | $206.6M | +16.7% |
| FY2016 | $177.1M | +67.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026