Valuation: Morningstar, Inc.

Market Cap 7.67B 6.85B 6.37B 5.8B 10.94B 742B 10.99B 76.69B 30.05B 378B 28.8B 28.17B 1,214B P/E 2026 *
18.8x
P/E 2027 * 16.4x
Enterprise Value 8.69B 7.76B 7.22B 6.57B 12.41B 841B 12.46B 86.94B 34.06B 429B 32.65B 31.94B 1,377B EV / Sales 2026 *
3.28x
EV / Sales 2027 * 2.98x
Free-Float
34.28%
Yield 2026 *
0.98%
Yield 2027 * 1.08%

Last Transcript: Morningstar, Inc.

1 day+0.84%
1 week+11.39%
Current month+7.58%
1 month+5.85%
3 months+23.77%
6 months+21.72%
Current year-5.92%
1 week 182.39
Extreme 182.39
205.94
1 month 182.39
Extreme 182.39
207.72
Current year 141.49
Extreme 141.49
221.22
1 year 141.49
Extreme 141.49
227.51
3 years 141.49
Extreme 141.49
365
5 years 141.49
Extreme 141.49
365
10 years 67.74
Extreme 67.74
365
Manager TitleAgeSince
Chief Executive Officer 50 01/01/2017
Director of Finance/CFO 46 01/01/2025
Chief Tech/Sci/R&D Officer 57 -
Director TitleAgeSince
Chairman 69 16/05/1984
Director/Board Member 72 01/07/2002
Director/Board Member 66 01/01/1999
Date Insider Type Main position Quantity % Market Cap. Importance
9/30/26 A Others -657,779 1.7534%
9/22/26 A Other 3,925,077 10.4631%
9/1/26 A Tax

Chief Financial Officer

-54 0.0001%
Change 5-day change 1-year change 3-year change Capi.($)
+0.84%+11.39%-9.27%-13.27% 7.67B
+1.26%+5.58%-16.10%+10.35% 120B
+1.21%+5.18%-4.10%+44.23% 80.4B
+1.97%+5.73%-31.60%-15.75% 44.72B
+0.61%+5.44%+3.32%+8.51% 41.08B
+4.20%+9.16%-24.02%-3.56% 31.39B
+4.49%+10.59%-31.38%-37.86% 18.72B
+0.15%+5.43%-28.95%-8.83% 18.68B
+0.16%+4.13%-36.70%-22.15% 17.13B
+1.18%+0.98%+8.72%+58.98% 16.3B
Average +1.61%+6.07%-17.01%+2.06% 39.63B
Weighted average by Cap. +1.54%+5.74%-15.10%+9.94%

Financials

2026 *2027 *
Net sales 2.65B 2.37B 2.21B 2.01B 3.79B 257B 3.8B 26.54B 10.4B 131B 9.97B 9.75B 420B 2.81B 2.51B 2.33B 2.12B 4.01B 272B 4.02B 28.08B 11B 139B 10.54B 10.31B 445B
Net income 415M 371M 345M 314M 592M 40.19B 595M 4.15B 1.63B 20.49B 1.56B 1.53B 65.75B 463M 414M 385M 350M 661M 44.84B 664M 4.63B 1.82B 22.86B 1.74B 1.7B 73.36B
Net Debt 1.02B 915M 851M 774M 1.46B 99.18B 1.47B 10.25B 4.01B 50.56B 3.85B 3.76B 162B 685M 612M 569M 517M 977M 66.27B 981M 6.85B 2.68B 33.79B 2.57B 2.52B 108B
Projected Income Statement - Annual - Morningstar, Inc.
Logo Morningstar, Inc.
Morningstar, Inc. is a provider of independent investment insights. The Company's segments include Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The Morningstar Direct Platform provides investors with data, research and insights, and investment analysis to empower investment decision-making. The PitchBook provides investors with access to data, research, analytics, and artificial intelligence (AI) enabled software across private capital markets, including venture capital, private equity, private credit, bank loans, and mergers & acquisitions (M&A). Morningstar Credit provides investors with credit ratings, research, data, and credit analytics solutions. Morningstar Wealth provides investment products, investor tools, and an advisor platform powered by research and data. The Morningstar Retirement offers products designed to help individuals reach retirement goals.
Employees
10,973
Date Price Change Volume
09/10/26 $204.45 +0.84% 229,609
08/10/26 $202.74 +1.04% 356,691
07/10/26 $200.65 +2.53% 532,119
06/10/26 $195.69 +3.45% 286,319
05/10/26 $189.16 +3.06% 296,284
Trader
Investor
Global
Quality
ESG MSCI
BBB
Ratings Surperformance© - Morningstar, Inc.
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
204.45USD
Average target price
236.67USD
Spread / Average Target
+15.76%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Morningstar, Inc.
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