Morningstar (MORN) reported $2.4B in revenue for fiscal 2025, +7.5% year on year. That ranks #1224 by revenue among 2853 SEC filers and #136 in Financials. Net income was $374M, a net margin of 15.3%. Revenue has grown 13.2% a year on average since 2016 ($799M then). The fiscal 2025 balance sheet shows $3.6B in total assets, $475M in cash and $1.1B in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenueFromContractWithCustomerExcludingAssessedTax | $2.4B | +7.5% | FY20252025-12-31 |
| Gross profit | Not reported | — | |
| Operating incomeOperatingIncomeLoss | $527M | +8.6% | FY20252025-12-31 |
| Net incomeProfitLoss | $374M | +1.2% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $590M | −0.3% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquirePropertyPlantAndEquipment | $147M | +3.1% | FY20252025-12-31 |
| Total assetsAssets | $3.6B | +1.2% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | $1.2B | −24.5% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $475M | −5.6% | FY20252025-12-31 |
| Long-term debtLongTermDebtNoncurrent | $1.1B | +53.5% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $645M | $107M | Open → |
| Q2 20262026-06-30 | $663M | $108M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 85 of 191 companies compared | 15.3% | |
| Operating marginRank 74 of 174 companies compared | 21.5% | |
| Cash as share of revenueRank 110 of 186 companies compared | 19.4% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Morningstar, Inc.
- Ticker
- MORN
- Exchange
- Nasdaq
- SIC classification
- Investment Advice (6282)
- Fiscal year end
- 12-31
- CIK
- 0001289419
Filings
- 10-QJul 29, 2026Open filing →
- 10-QApr 29, 2026Open filing →
- 10-KFeb 13, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| Qfin HoldingsQFIN | $2.7B | $855M |
| Houlihan LokeyHLI | $2.6B | $424M |
| Pelagos Insurance CapitalPLGO | $2.5B | $226M |
| MorningstarMORN | $2.4B | $374M |
| Interactive BrokersIBKR | $2.4B | $4.4B |
| BakktBKKT | $2.3B | −$107M |
| Credit AcceptanceCACC | $2.3B | $424M |
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Morningstar — Key figures |url=https://companiesranked.com/en/company/morningstar |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Morningstar — Key figures. CompaniesRanked. https://companiesranked.com/en/company/morningstarBibTeX
@misc{companiesranked-en-company-morningstar-2026,
author = {{CompaniesRanked}},
title = {{Morningstar — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/morningstar}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001289419-26-000013 · February 13, 2026
{{cite web |title=Morningstar — Key figures — 10-K (0001289419-26-000013) |url=https://www.sec.gov/Archives/edgar/data/1289419/000128941926000013/morn-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-13}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.