Morningstar Financial Statements From 2010 to 2024

MORN Stock  USD 300.41  2.60  0.86%   
Morningstar financial statements provide useful quarterly and yearly information to potential Morningstar investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Morningstar financial statements helps investors assess Morningstar's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Morningstar's valuation are summarized below:
Gross Profit
1.1 B
Profit Margin
0.0692
Market Capitalization
13 B
Enterprise Value Revenue
6.7974
Revenue
B
We have found one hundred twenty available fundamental ratios for Morningstar, which can be analyzed and compared to other ratios and to its peers in the industry. Self-guided Investors are advised to check Morningstar's last-minute fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road.

Morningstar Total Revenue

2.17 Billion

Check Morningstar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Morningstar main balance sheet or income statement drivers, such as Depreciation And Amortization of 194.1 M, Interest Expense of 63.7 M or Total Revenue of 2.2 B, as well as many exotic indicators such as Price To Sales Ratio of 6.25, Dividend Yield of 0.008 or PTB Ratio of 9.01. Morningstar financial statements analysis is a perfect complement when working with Morningstar Valuation or Volatility modules.
  
This module can also supplement Morningstar's financial leverage analysis and stock options assessment as well as various Morningstar Technical models . Check out the analysis of Morningstar Correlation against competitors.
To learn how to invest in Morningstar Stock, please use our How to Invest in Morningstar guide.

Morningstar Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets3.6 B3.4 B1.9 B
Slightly volatile
Total Stockholder Equity705.6 M1.3 B870.4 M
Slightly volatile
Common Stock Shares Outstanding49 M49.3 M45 M
Very volatile
Liabilities And Stockholders Equity3.6 B3.4 B1.9 B
Slightly volatile
Other Current Liabilities227 M216.2 M85.9 M
Slightly volatile
Total Current Liabilities924.8 M880.8 M471 M
Slightly volatile
Property Plant And Equipment Net390.2 M371.6 M202.9 M
Slightly volatile
Current Deferred Revenue543.6 M517.7 M251.3 M
Slightly volatile
Cash240.3 M337.9 M273.4 M
Slightly volatile
Non Current Assets Total2.8 B2.6 B1.3 B
Slightly volatile
Cash And Short Term Investments330.8 M389 M346.2 M
Slightly volatile
Net Receivables361.7 M344.5 M188.8 M
Slightly volatile
Good Will1.7 B1.6 B776.3 M
Slightly volatile
Short Term Investments65.8 M51.1 M71.2 M
Slightly volatile
Non Current Liabilities Total1.3 B1.2 B481.2 M
Slightly volatile
Other Current Assets28.7 M40.3 M34.6 M
Slightly volatile
Total Liabilities2.2 B2.1 B952.2 M
Slightly volatile
Property Plant And Equipment Gross1.1 B1.1 B300.5 M
Slightly volatile
Total Current Assets513.1 M773.8 M557.2 M
Slightly volatile
Other Liabilities75.4 M150.7 M95.7 M
Slightly volatile
Accounts Payable74.5 M78.4 M88.3 M
Slightly volatile
Other Assets68.5 M65.2 M40.7 M
Slightly volatile
Intangible Assets508.6 M484.4 M227.1 M
Slightly volatile
Property Plant Equipment240.8 M229.3 M141.4 M
Slightly volatile
Short and Long Term Debt Total1.2 B1.2 B413.5 M
Slightly volatile
Short Term Debt60.5 M68.5 M57.7 M
Pretty Stable
Retained Earnings Total Equity999.2 M1.8 B971.5 M
Slightly volatile
Capital Surpluse653.8 M871.5 M616.8 M
Slightly volatile
Deferred Long Term Liabilities62.3 M72.3 M58 M
Slightly volatile
Long Term Investments55.6 M100.2 M50.9 M
Slightly volatile
Non Current Liabilities Other16.6 M17.5 M80.6 M
Slightly volatile
Short and Long Term Debt27.4 M28.9 M52.6 M
Very volatile
Long Term Debt Total1.3 B1.2 B461.9 M
Slightly volatile
Net Invested Capital1.8 B2.3 B1.4 B
Slightly volatile
Capital Lease Obligations203.7 M187.8 M180 M
Slightly volatile

Morningstar Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization194.1 M184.9 M104.6 M
Slightly volatile
Total Revenue2.2 B2.1 B1.1 B
Slightly volatile
Gross Profit1.1 BB643.4 M
Slightly volatile
Other Operating Expenses1.9 B1.8 B932.7 M
Slightly volatile
EBITDA488.8 M465.5 M286.2 M
Slightly volatile
Selling General Administrative373.6 M355.8 M192.7 M
Slightly volatile
Selling And Marketing Expenses445 M423.8 M187.8 M
Slightly volatile
Cost Of Revenue1.1 BB473.6 M
Slightly volatile
Net Income Applicable To Common Shares131.7 M85.2 M138.3 M
Slightly volatile
Extraordinary Items12.8 M12.2 M10.2 M
Slightly volatile
Net Income From Continuing Ops67.4 M70.9 M143.4 M
Pretty Stable
Non Recurring48.8 M54.9 M59.8 M
Slightly volatile
Tax Provision43.3 M45.3 M56.2 M
Slightly volatile
Interest Income7.6 M7.2 M2.6 M
Slightly volatile
Reconciled Depreciation148.6 M183.2 M115.5 M
Slightly volatile

Morningstar Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Capital Expenditures125.1 M119.1 M70.1 M
Slightly volatile
End Period Cash Flow221.4 M337.9 M275.7 M
Slightly volatile
Begin Period Cash Flow225.7 M376.6 M265.4 M
Slightly volatile
Stock Based Compensation55.4 M52.8 M31.7 M
Slightly volatile
Depreciation194.1 M184.9 M97.9 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.255.94285.657
Very volatile
Dividend Yield0.0080.00520.0071
Very volatile
PTB Ratio9.019.24827.2103
Very volatile
Days Sales Outstanding73.1560.853963.9347
Slightly volatile
Book Value Per Share32.530.95120.8483
Slightly volatile
Invested Capital0.80.75980.3693
Slightly volatile
Stock Based Compensation To Revenue0.03560.02560.0304
Very volatile
PB Ratio9.019.24827.2103
Very volatile
EV To Sales6.096.34085.6266
Pretty Stable
Inventory Turnover42.3831.8638.2385
Pretty Stable
Days Of Inventory On Hand0.00.03.2396
Slightly volatile
Payables Turnover13.7713.11737.2754
Slightly volatile
Sales General And Administrative To Revenue0.230.17220.1799
Very volatile
Average Inventory0.40.450.49
Slightly volatile
Research And Ddevelopement To Revenue0.03760.03950.0546
Slightly volatile
Cash Per Share5.429.06767.6909
Slightly volatile
Interest Coverage4.394.6227249
Slightly volatile
Payout Ratio0.250.45290.292
Slightly volatile
Days Payables Outstanding26.4327.825767.382
Very volatile
Income Quality3.442.24242.026
Slightly volatile
Intangibles To Total Assets0.310.60620.4523
Slightly volatile
Current Ratio1.630.87851.4245
Slightly volatile
Receivables Turnover4.445.9985.7082
Pretty Stable
Graham Number50.2547.85936.9611
Slightly volatile
Shareholders Equity Per Share32.530.95120.8483
Slightly volatile
Debt To Equity0.80.75980.3693
Slightly volatile
Revenue Per Share50.5748.165525.5135
Slightly volatile
Interest Debt Per Share26.1824.93019.9143
Slightly volatile
Debt To Assets0.310.29640.1675
Slightly volatile
Enterprise Value Over EBITDA29.5528.146120.2392
Slightly volatile
Short Term Coverage Ratios4.394.619126
Slightly volatile
Operating Cycle76.5660.853966.3461
Slightly volatile
Price Book Value Ratio9.019.24827.2103
Very volatile
Days Of Payables Outstanding26.4327.825767.382
Very volatile
Dividend Payout Ratio0.250.45290.292
Slightly volatile
Ebt Per Ebit0.790.62050.9834
Pretty Stable
Effective Tax Rate0.230.18950.2753
Slightly volatile
Company Equity Multiplier2.332.56322.0212
Pretty Stable
Long Term Debt To Capitalization0.240.41460.2808
Slightly volatile
Total Debt To Capitalization0.450.43170.2323
Slightly volatile
Debt Equity Ratio0.80.75980.3693
Slightly volatile
Quick Ratio1.550.83281.3378
Slightly volatile
Net Income Per E B T0.540.81050.7093
Very volatile
Cash Ratio0.530.38360.6651
Pretty Stable
Days Of Inventory Outstanding0.00.03.2396
Slightly volatile
Days Of Sales Outstanding73.1560.853963.9347
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.920.62360.7827
Slightly volatile
Cash Flow Coverage Ratios0.30.3136123
Slightly volatile
Price To Book Ratio9.019.24827.2103
Very volatile
Fixed Asset Turnover9.285.56056.3581
Slightly volatile
Enterprise Value Multiple29.5528.146120.2392
Slightly volatile
Debt Ratio0.310.29640.1675
Slightly volatile
Cash Flow To Debt Ratio0.30.3136123
Slightly volatile
Price Sales Ratio6.255.94285.657
Very volatile
Asset Turnover0.70.60710.6209
Very volatile
Gross Profit Margin0.720.50230.6106
Slightly volatile
Price Fair Value9.019.24827.2103
Very volatile

Morningstar Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap2.3 B2.6 B2.8 B
Slightly volatile
Enterprise Value2.2 B2.5 B2.7 B
Slightly volatile

Morningstar Fundamental Market Drivers

Cash And Short Term Investments389 M

Morningstar Upcoming Events

22nd of February 2024
Upcoming Quarterly Report
View
31st of December 2023
Next Fiscal Quarter End
View

About Morningstar Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Morningstar income statement, its balance sheet, and the statement of cash flows. Morningstar investors use historical funamental indicators, such as Morningstar's revenue or net income, to determine how well the company is positioned to perform in the future. Although Morningstar investors may use each financial statement separately, they are all related. The changes in Morningstar's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Morningstar's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Morningstar Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Morningstar. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue517.7 M543.6 M
Total Revenue2.1 B2.2 B
Cost Of RevenueB1.1 B
Stock Based Compensation To Revenue 0.03  0.04 
Sales General And Administrative To Revenue 0.17  0.23 
Research And Ddevelopement To Revenue 0.04  0.04 
Capex To Revenue(0.06)(0.06)
Revenue Per Share 48.17  50.57 
Ebit Per Revenue 0.14  0.1 

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When determining whether Morningstar offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Morningstar's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Morningstar Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Morningstar Stock:
Check out the analysis of Morningstar Correlation against competitors.
To learn how to invest in Morningstar Stock, please use our How to Invest in Morningstar guide.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Morningstar's price analysis, check to measure Morningstar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Morningstar is operating at the current time. Most of Morningstar's value examination focuses on studying past and present price action to predict the probability of Morningstar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Morningstar's price. Additionally, you may evaluate how the addition of Morningstar to your portfolios can decrease your overall portfolio volatility.
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Is Morningstar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Morningstar. If investors know Morningstar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Morningstar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
21.285
Dividend Share
1.53
Earnings Share
3.28
Revenue Per Share
47.854
Quarterly Revenue Growth
0.134
The market value of Morningstar is measured differently than its book value, which is the value of Morningstar that is recorded on the company's balance sheet. Investors also form their own opinion of Morningstar's value that differs from its market value or its book value, called intrinsic value, which is Morningstar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Morningstar's market value can be influenced by many factors that don't directly affect Morningstar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Morningstar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Morningstar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Morningstar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.