MORN
Morningstar (MORN)
NASDAQ
$156.28+$2.87 (+1.87%)
Price as of Jun 23, 2026 6:45 PM EDT
  • $5.8B
    Market Cap
  • -48.90%
    1-Year Change
  • Financial Data & Stock Exchanges
    Industry
Annual
Quarterly
12/31/2025
12/31/2024
12/31/2023
12/31/2022
Income Statement
Total Operating Revenue
2.4B
+7.49%
2.3B
+11.60%
2.0B
+8.98%
1.9B
+10.08%
Cost of Revenue
952.9M
+6.39%
895.7M
+6.19%
843.5M
+8.24%
779.3M
+11.58%
Gross Profit
1.5B
+8.21%
1.4B
+15.42%
1.2B
+9.51%
1.1B
+9.03%
Sales and Marketing Expense
467.0M
+5.90%
441.0M
+4.06%
423.8M
+18.88%
356.5M
+29.73%
Research and Development Expense
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Depreciation and Amortization Expense
189.9M
-0.26%
190.4M
+2.97%
184.9M
+10.98%
166.6M
+10.55%
Total Operating Expenses
1.9B
+4.83%
1.9B
+2.56%
1.8B
+6.18%
1.7B
+18.06%
Operating Profit
526.6M
+8.62%
484.8M
+110.23%
230.6M
+37.43%
167.8M
-34.71%
Interest Income
0
N/A
0
-100.00%
49.6M
N/A
N/A
N/A
Interest Expense
-28.6M
-24.14%
-37.7M
-27.08%
-51.7M
+82.04%
-28.4M
+226.44%
Interest Income and Expense and Net
-28.6M
-24.14%
-37.7M
+1,695.24%
-2.1M
-92.61%
-28.4M
+226.44%
Total Nonoperating Income and Expense
-27.6M
-524.62%
6.5M
+113.24%
-49.1M
+31.99%
-37.2M
+472.31%
Income before Taxes
499.0M
+1.57%
491.3M
+170.69%
181.5M
+38.97%
130.6M
-47.86%
Income Taxes
121.5M
+16.83%
104.0M
+215.15%
33.0M
-41.59%
56.5M
-9.74%
Extraordinary Items
N/A
N/A
0
-100.00%
3.1M
N/A
N/A
N/A
Net Income
374.2M
+1.16%
369.9M
+162.15%
141.1M
+100.14%
70.5M
-63.53%
Net Income from Continuing Operations Applicable to Common
374.2M
+1.16%
369.9M
+162.15%
141.1M
+100.14%
70.5M
-63.53%
Basic EPS and Net Income
8.93
+3.36%
8.64
+161.03%
3.31
+100.61%
1.65
-63.33%
Diluted EPS and Net Income
8.87
+3.38%
8.58
+160.79%
3.29
+100.61%
1.64
-63.15%
Basic Weighted Average Shares
41.9M
-2.10%
42.8M
+0.47%
42.6M
0.00%
42.6M
-0.93%
Diluted Weighted Average Shares
42.2M
-2.09%
43.1M
+0.47%
42.9M
0.00%
42.9M
-1.15%
Balance Sheet
Cash and Cash Equivalents
474.5M
-5.61%
502.7M
+48.77%
337.9M
-10.28%
376.6M
-22.16%
Short-Term Investments
54.2M
+12.22%
48.3M
-5.48%
51.1M
+34.47%
38.0M
-39.00%
Cash and Cash Equivalents and Short-Term Investments
528.7M
-4.05%
551.0M
+41.65%
389.0M
-6.17%
414.6M
-24.08%
Total Current Assets
1.0B
+2.36%
1.0B
+24.32%
815.7M
+0.60%
810.8M
-8.65%
Accumulated Depreciation
899.9M
+13.85%
790.4M
+10.70%
714.0M
+16.92%
610.7M
+15.40%
Property and Plant and Equipment and Net
231.9M
+5.94%
218.9M
+5.39%
207.7M
+4.16%
199.4M
+16.07%
Total Long-Term Assets
12.1M
+37.50%
8.8M
0.00%
8.8M
-16.19%
10.5M
-10.26%
Total Assets
3.6B
+1.16%
3.5B
+4.28%
3.4B
-2.05%
3.5B
+21.38%
Income Taxes Payable
64.3M
-7.88%
69.8M
+96.07%
35.6M
-43.40%
62.9M
-38.15%
Total Short-Term Debt
1.1B
+53.54%
698.6M
-28.16%
972.4M
-12.36%
1.1B
+208.74%
Total Current Liabilities
1.1B
+8.89%
967.3M
+9.82%
880.8M
-0.19%
882.5M
+12.64%
Total Long-Term Debt
1.8B
+28.44%
1.4B
-27.59%
1.9B
-8.06%
2.1B
+191.60%
Total Long-Term Liabilities
14.3M
+25.44%
11.4M
-34.86%
17.5M
+25.90%
13.9M
+0.72%
Total Liabilities
2.4B
+22.69%
1.9B
-7.00%
2.1B
-8.47%
2.3B
+56.74%
Retained Earnings
2.2B
+15.56%
1.9B
+18.52%
1.6B
+4.94%
1.5B
+0.56%
Total Stockholders Equity
1.2B
-24.51%
1.6B
+21.90%
1.3B
+10.00%
1.2B
-14.75%
Total Shares Outstanding
39.7M
-7.30%
42.9M
+0.33%
42.7M
+0.58%
42.5M
-1.52%
Cash Flow
Cash from Operating Activities
589.7M
-0.32%
591.6M
+86.98%
316.4M
+6.25%
297.8M
-33.81%
Capital Expenditures
147.1M
+3.08%
142.7M
+19.82%
119.1M
-8.03%
129.5M
+27.21%
Cash from Investing Activities
-139.3M
+553.99%
-21.3M
-73.99%
-81.9M
-89.75%
-799.3M
+376.62%
Dividends Paid
76.9M
+10.97%
69.3M
+8.45%
63.9M
+3.90%
61.5M
+13.47%
Cash from Financing Activities
-514.7M
+33.90%
-384.4M
+38.07%
-278.4M
-167.07%
415.1M
+95.99%
Financials Ratio
Gross Margin
61.03%
+0.67%
60.63%
+3.42%
58.62%
+0.49%
58.34%
-0.95%
Operating Margin
21.53%
+1.05%
21.31%
+88.38%
11.31%
+26.10%
8.97%
-40.69%
Return on Assets
10.48%
-1.48%
10.64%
+159.36%
4.10%
+84.40%
2.22%
-68.01%
Return on Equity
26.35%
+4.93%
25.11%
+125.54%
11.13%
+107.10%
5.38%
-62.63%
Revenue Growth
7.49%
-35.44%
11.60%
+29.17%
8.98%
-10.91%
10.08%
-54.79%
Current Ratio
0.99
-6.00%
1.05
+13.21%
0.93
+0.79%
0.92
-18.90%
Cash Ratio
0.45
-13.32%
0.52
+35.48%
0.38
-10.10%
0.43
-30.90%
Debt-to-Equity Ratio
2.35
+81.21%
1.30
-40.76%
2.19
-17.77%
2.66
+248.74%
Debt-to-Assets Ratio
0.80
+35.22%
0.59
-30.74%
0.85
-7.65%
0.92
+144.94%

Earnings & Revenue History

Debt-to-Assets

Cash Flow