M

    Morningstar Inc (MORN)

    Official site

    FINANCIAL SERVICES • FINANCIAL DATA & STOCK EXCHANGES • NASDAQ

    $218.94
    +1.29 (+0.59%)

    Market Cap: $8.21B

    Last updated: Sep 01, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    79%(27/34)
    Avg Surprise
    +5.36%
    Streak
    8 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.97
    Range$2.88 - $3.06
    2 analysts
    EPS Revisions
    2
    0
    7d
    2
    0
    30d
    EPS Estimate Drift
    90d ago$2.91-2.1%
    60d ago$2.91-2.1%
    30d ago$2.90-2.3%
    7d ago$2.97+0.0%
    Current$2.97
    Revenue Consensus
    $657M
    Range$653M - $661M
    2 analysts
    Period ending Dec 31, 2026
    EPS Consensus$3.86
    Range$3.68 - $4.03
    3 analysts
    Revenue Consensus
    $715M
    Range$707M - $721M
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$3.86---
    Sep 26EST
    -$2.97---
    Jun 26
    Reported Jul 29
    $3.10$2.83+9.54%Beat+29.2%
    Mar 26
    Reported Apr 29
    $3.18$2.66+19.55%Beat+42.6%
    Dec 25
    Reported Feb 12
    $2.71$2.17+24.88%Beat-0.1%
    Sep 25
    Reported Oct 29
    $2.55$2.42+5.37%Beat+27.5%
    Jun 25
    Reported Jul 30
    $2.40$2.19+9.59%Beat+49.7%
    Mar 25
    Reported Apr 30
    $2.23$2.06+8.25%Beat+49.4%
    Dec 24
    Reported Feb 26
    $2.71$2.06+31.51%Beat+58.7%
    Sep 24
    Reported Oct 23
    $2.00$2.00+0.00%Beat+56.3%
    Jun 24
    Reported Jul 24
    $1.60$0.00N/ABeat+0.2%
    Mar 24
    Reported Apr 24
    $1.49$1.73-13.70%Miss+366.6%
    Dec 23
    Reported Feb 22
    $1.71$1.97-13.23%Miss+194.7%
    Sep 23
    Reported Oct 25
    $1.28$1.28+0.00%Beat+66.2%
    Jun 23
    Reported Jul 26
    $1.60$1.60+0.00%Beat+36.8%
    Mar 23
    Reported Apr 26
    $-0.56$0.56-200.00%Miss-139.7%
    Dec 22
    Reported Feb 23
    $0.58$0.58+0.00%Beat-55.0%
    Sep 22
    Reported Oct 26
    $0.77$0.77+0.00%Beat-44.2%
    Jun 22
    Reported Jul 27
    $1.17$1.38-15.22%Miss-33.5%
    Mar 22
    Reported Apr 27
    $1.41$1.41+0.00%Beat-18.5%
    Dec 21
    Reported Feb 24
    $1.29$1.50-14.00%Miss-17.8%
    Sep 21
    Reported Oct 27
    $1.38N/AN/ABeat-11.0%
    Jun 21
    Reported Jul 28
    $1.76$1.76+0.00%Beat+23.1%
    Mar 21
    Reported Apr 28
    $1.73N/AN/ABeat+106.0%
    Dec 20
    Reported Feb 18
    $1.57$1.57+0.00%Beat+67.0%
    Sep 20
    Reported Oct 28
    $1.55$1.55+0.00%Beat+11.5%
    Jun 20
    Reported Jul 29
    $1.43$1.43+0.00%Beat+45.9%
    Mar 20
    Reported Apr 29
    $0.84$0.84+0.00%Beat+9.1%
    Dec 19
    Reported Feb 20
    $0.94$0.94+0.00%Beat-5.1%
    Sep 19
    Reported Oct 23
    $1.39$1.39+0.00%Beat+5.3%
    Jun 19
    Reported Jul 25
    $0.98$0.98+0.00%Beat+1.0%
    Mar 19
    Reported Apr 24
    $0.77N/AN/ABeat+6.9%
    Dec 18
    Reported Feb 21
    $0.99$0.86+15.12%Beat+50.0%
    Sep 18
    Reported Oct 24
    $1.32$0.72+83.33%Beat+67.1%
    Jun 18
    Reported Jul 25
    $0.97$0.69+40.58%Beat+49.2%
    Mar 18
    Reported Apr 25
    $0.72$0.57+26.32%Beat+71.4%
    Dec 17
    Reported Feb 20
    $0.66N/AN/ABeat-71.6%
    Sep 17
    Reported Oct 25
    $0.79$0.00N/ABeat+12.9%
    Jun 17
    Reported Jul 25
    $0.65$0.58+12.07%Beat-
    Mar 17
    Reported Apr 21
    $0.42$0.70-40.00%Miss-
    Dec 16
    Reported Feb 21
    $2.32$0.77+201.30%Beat-
    Sep 16
    Reported Oct 20
    $0.70$0.77-9.09%Miss-

    Dividends

    Dividend Metrics

    Yield0.89%
    Annual/Share$1.95
    Payout Ratio11.42%
    Frequency4
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+8.12%
    5Y CAGR+3.74%
    View MORN's full dividend history

    Key Metrics

    Valuation
    P/E Ratio18.97EV/EBITDA11.73x
    Price/FCF16.64xFCF Yield6.01%
    Profitability
    Profit Margin16.40%Operating Margin24.20%
    ROE32.00%ROIC16.70%
    Financial Health
    Debt/Equity1.67xInterest Coverage14.83x
    Current Ratio1.06xQuick Ratio1.06x
    Trading Statistics
    Beta0.98Avg Volume300.49K
    52-Week High$258.6952-Week Low$141.06

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$215.62
    SMA 20$208.40
    SMA 50$185.16
    SMA 200$187.14
    EMA 10$214.49
    EMA 20$207.94
    EMA 50$194.19
    EMA 200$195.79

    MACD

    Line: 8.99Signal: 9.17Hist: -0.18

    ADX

    ADX: 32.5+DI: 30.2-DI: 13.6

    Aroon & PSAR

    Aroon Up80.0
    Aroon DownN/A
    PSAR$211.17

    Bollinger Bands

    Upper Band$225.02
    Lower Band$191.77
    %B Position1595%(Upper)
    Band Width0.82

    RSI (14-Day)

    Neutral
    68.8

    Momentum Oscillators

    Stoch %K91.2
    Stoch %D85.6
    Williams %R-7.3
    ROC (10d)5.9%
    Momentum12.20
    CCI (20d)93.8
    MFI (14d)79.2

    Volatility Measures

    ATR (14d)$6.79(3.1%)
    StdDev (20d)8.31
    Hist Vol27.5%(Moderate)

    Volume Flow

    VWAP$218.53
    OBV3.9K
    AD Line-77.5M
    CMF (20d)0.094

    Volume Metrics

    Avg Vol (20d)298.5K
    Vol Ratio1.2x
    VWMA (20d)$208.34

    Pivot Points

    R3$224.18
    R2$222.31
    R1$219.98
    Pivot Point$218.11
    S1$215.78
    S2$213.91
    S3$211.58

    Advanced Oscillators

    TSI37.89
    Ultimate Osc55.5
    KST187.48

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$663.20M$644.80M$641.10M$617.40M$605.10M$581.90M$591.00M$569.40M$571.90M$542.80M$538.70M$515.50M
    Cost of Revenue$239.30M$238.90M$249.20M$241.70M$230.60M$231.40M$232.20M$222.70M$222.70M$218.10M$205.40M$202.90M
    Gross Profit$423.90M$405.90M$391.90M$375.70M$374.50M$350.50M$358.80M$346.70M$349.20M$324.70M$333.30M$312.60M
    Operating Expenses$263.30M$250.00M$232.30M$247.90M$249.40M$236.40M$190.60M$231.20M$240.70M$232.10M$238.90M$242.60M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$98.50M$84.00M$89.60M$85.90M$82.00M$76.50M$89.00M$77.60M$80.30M$80.30M$92.00M$89.70M
    Operating Income$160.60M$155.90M$159.60M$127.80M$125.10M$114.10M$168.20M$115.50M$108.50M$92.60M$94.40M$70.00M
    Interest Income$-18,000,000$-13,800,000$-8,700,000$-7,100,000$-7,400,000$-5,400,000$-7,000,000$-8,900,000$-10,300,000$-11,500,000$-11,500,000$-12,800,000
    Interest Expense$13.60M$14.10M$8.70M$4.70M$8.60M$5.60M$5.30M$0$19.00M$5.60M$4.10M$12.60M
    Income Before Tax$147.00M$141.80M$150.90M$123.10M$116.50M$108.50M$162.90M$151.90M$89.50M$87.00M$90.30M$57.40M
    Income Tax Expense$38.30M$34.60M$36.40M$31.40M$26.30M$27.40M$33.90M$29.60M$19.20M$21.30M$14.10M$16.70M
    Net Income$107.80M$107.10M$115.10M$91.60M$89.00M$78.50M$116.90M$119.70M$69.10M$64.20M$73.50M$39.10M
    EBITDA$217.60M$207.20M$206.80M$177.10M$172.40M$161.20M$218.30M$206.50M$148.90M$145.70M$148.30M$116.80M
    EBIT$164.10M$155.50M$159.70M$130.10M$123.90M$113.90M$169.90M$160.80M$99.80M$98.50M$101.80M$70.20M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $5.67M
    Gov Obligations / Revenue
    0.2%
    Obligations YoY
    -23.1%
    Active Awards
    38
    New Awards (TTM)
    20
    Avg Remaining Term
    7.2 mo

    Top agency: Securities and Exchange Commission at 30.8% of trailing twelve month obligations across 15 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    19AQMM25P0058Department of StateDepartment of State$719822Sep 21, 2025
    50310225P0040Securities and Exchange CommissionSecurities and Exchange Commission$619505Sep 30, 2025
    2032H325F00092Department of the TreasuryDepartmental Offices$456500Sep 11, 2025
    2032H325F00096Department of the TreasuryDepartmental Offices$316801Sep 11, 2025
    47HAA025C0003General Services AdministrationOffice of Administrative Services$189152Sep 27, 2025
    15JPSS26P00000398Department of JusticeOffices, Boards and Divisions$157500Aug 1, 2026
    1605C125P00020Department of LaborOffice of the Assistant Secretary for Administration and Management$102500Sep 27, 2025
    1333ND26PNB030271Department of CommerceNational Institute of Standards and Technology$94500Aug 1, 2026
    80NSSC26P0315National Aeronautics and Space AdministrationNational Aeronautics and Space Administration$66764Mar 13, 2026
    89703025FAR000003Department of EnergyDepartment of Energy$61747Sep 26, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Frequently Asked Questions About MORN

    What is MORN's current dividend yield?
    Morningstar Inc (MORN) has a current dividend yield of 0.89%.
    Does MORN pay dividends?
    Yes, Morningstar Inc pays dividends with a current yield of 0.89%.
    What is MORN's P/E ratio?
    Morningstar Inc has a price-to-earnings (P/E) ratio of 18.97.
    What is MORN's market cap?
    Morningstar Inc (MORN) has a market capitalization of $8.21B with a current stock price of $218.94.

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