Morningstar

OverviewSuggest Edit

Morningstar is a provider of independent investment research. The company offers a line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The сompany also offers investment management services through its investment advisory subsidiaries.

TypePublic
Founded1984
HQChicago, IL, US
Websitemorningstar.com
Employee Ratings4.2
Overall CultureD+

Latest Updates

Employees (est.) (Jun 2021)8,777(+27%)
Job Openings785
Revenue (FY, 2021)$1.7 B(+23%)
Share Price (Jun 2022)$249.4(+3%)
Cybersecurity ratingCMore
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Key People/Management at Morningstar

Thomas Idzorek

Thomas Idzorek

CFO
Kunal Kapoor

Kunal Kapoor

Chief Executive Officer
Joe Mansueto

Joe Mansueto

Executive Chairman
Noel Abat

Noel Abat

Operations Director, Sales Excellence
Robin Diamonte

Robin Diamonte

Director
Cheryl Francis

Cheryl Francis

Director
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Morningstar Office Locations

Morningstar has offices in Chicago, New York, Oakland, Seattle and in 28 other locations
Chicago, IL, US (HQ)
22 W Washington St
New York, NY, US
Four World Trade Center, 150 Greenwich St
Oakland, MD, US
14 Commerce Dr
Seattle, WA, US
901 Fifth Avenue, 901 5th Ave #1200
Woburn, MA, US
10 State St
Barangaroo, AU
100 Barangaroo Avenue
Show all (33)

Morningstar Financials and Metrics

Morningstar Revenue

Morningstar's revenue was reported to be $1.7 b in FY, 2021
USD

Net income (Q1, 2022)

46.1m

EBIT (Q1, 2022)

56.4m

Market capitalization (24-Jun-2022)

10.7b

Closing stock price (24-Jun-2022)

249.4

Cash (31-Mar-2022)

483.5m
Morningstar's current market capitalization is $10.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

1.0b1.2b1.4b1.7b

Revenue growth, %

12%16%18%

Cost of goods sold

411.1m483.1m556.4m698.4m

Gross profit

608.8m695.9m833.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

258.9m273.9m313.8m324.0m327.9m357.2m392.8m415.4m428.9m

Cost of goods sold

105.1m107.5m128.4m137.0m131.1m138.7m157.3m168.4m183.1m191.3m

Gross profit

153.8m166.4m185.4m187.0m196.8m218.5m235.5m247.0m245.8m

Gross profit Margin, %

59%61%59%58%60%61%60%59%57%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

369.3m334.1m422.5m483.8m

Accounts Receivable

172.2m188.5m205.1m268.9m

Prepaid Expenses

30.6m

Current Assets

601.6m603.2m730.0m887.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

349.1m383.8m321.8m322.5m353.7m351.1m383.6m387.6m427.0m483.5m

Accounts Receivable

173.8m169.2m168.0m184.7m181.4m186.9m229.1m231.0m239.3m276.4m

Prepaid Expenses

39.8m38.2m31.2m44.4m

Current Assets

586.5m619.9m560.7m580.7m613.5m622.6m730.8m759.2m797.0m902.8m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

183.0m152.0m223.6m193.3m

Depreciation and Amortization

96.7m117.7m139.5m150.7m

Accounts Payable

6.0m3.2m(9.5m)

Cash From Operating Activities

314.8m334.4m384.3m449.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

33.2m75.3m124.4m23.9m72.1m148.3m54.9m87.8m136.8m46.1m

Depreciation and Amortization

23.5m49.4m84.0m34.2m67.9m103.7m36.6m74.2m112.3m37.6m

Accounts Payable

(3.5m)(4.5m)(5.0m)(1.4m)(700.0k)(7.0m)(6.7m)(8.7m)(1.4m)

Cash From Operating Activities

59.0m146.2m251.9m48.7m176.3m269.7m64.2m191.4m314.0m23.5m
USDFY, 2018

Revenue/Employee

197.4k

Debt/Equity

0.1 x

Financial Leverage

1.6 x
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Morningstar Operating Metrics

FY, 2018FY, 2019FY, 2020

Countries

262728

Financial Advisors Served

255 k

Asset Management Firms Served

1.5 k

Retirement Plan Providers Served

30

Morningstar Acquisitions / Subsidiaries

Company NameDateDeal Size
Moorgate BenchmarksSeptember 08, 2021
SustainalyticsApril 23, 2020
PlanPlus GlobalMarch 04, 2020
AdviserLogicNovember 04, 2019
DBRSMay 30, 2019$669 m
PitchBook DataOctober 14, 2016$180 m
InvestSoft TechnologyMay 31, 2016
RightPondMarch 31, 2016
Total Rebalance ExpertOctober 08, 2015
HelloWalletMay 29, 2014$5.25 m
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Morningstar Revenue Breakdown

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Morningstar revenue breakdown by geographic segment: 69.9% from United States, 8.5% from United Kingdom, 7.3% from Canada, 8.2% from Continental Europe and 6.2% from Other

Morningstar Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Morningstar Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Morningstar Online and Social Media Presence

Embed Graph

Morningstar Company Culture

  • Overall Culture

    D+

    63/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A+

    100/100

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Morningstar News and Updates

SMArtX Advisory Solutions Deepens Strategic and Commercial Relationship with Morningstar Investment Management

SMArtX Closes Series D Round with $30 million Investment; Morningstar's Daniel Needham and Michael Holt Join SMArtX Board WEST PALM BEACH, Fla., May 3, 2022 /PRNewswire/ -- SMArtX Advisory Solutions ('SMArtX'), a leading innovator in unified managed accounts ('UMA') technology and...

Morningstar Is Balancing Business Trips With Meetings in the Metaverse

All-digital experiences are a pandemic legacy, and the financial services sector is seeing a lot of value in the extra dimension that virtual reality can bring to conferences, training and education. Business meetings aren’t that far away. -Matthew Parsons

Morningstar buying LCD from S&P for up to $650 million

Morningstar Inc. on Monday said it agreed to buy Leveraged Commentary & Data (LCD) from S&P Global for up to $650 million in cash. LCD specializes in leveraged loan data, news, analysis, and indexes in the private credit arena. Morningstar said it will integrate LCD with its PitchBook Platf…

Morningstar Announces Deployment of Due Diligence Module at Canadian Firms

TORONTO, March 16, 2022 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, announced today that it will be deploying its Due Diligence ModuleSM as part of Morningstar® Advisor WorkstationSM (AWS) at Canadian wealth management firms to...

SMArtX Advisory Solutions Establishes Strategic and Commercial Relationship with Morningstar Investment Management

WEST PALM BEACH, Fla., Nov. 16, 2021 /PRNewswire/ -- SMArtX Advisory Solutions ('SMArtX'), a leading innovator in unified managed accounts ('UMA') technology and architect of the SMArtX turnkey asset management platform ('TAMP'), today announced a strategic and commercial relationship...
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Morningstar Frequently Asked Questions

  • When was Morningstar founded?

    Morningstar was founded in 1984.

  • Who are Morningstar key executives?

    Morningstar's key executives are Thomas Idzorek, Kunal Kapoor and Joe Mansueto.

  • How many employees does Morningstar have?

    Morningstar has 8,777 employees.

  • What is Morningstar revenue?

    Latest Morningstar annual revenue is $1.7 b.

  • What is Morningstar revenue per employee?

    Latest Morningstar revenue per employee is $193.6 k.

  • Who are Morningstar competitors?

    Competitors of Morningstar include Fitch Ratings, Institutional Shareholder Services and Blue Heron Research Partners.

  • Where is Morningstar headquarters?

    Morningstar headquarters is located at 22 W Washington St, Chicago.

  • Where are Morningstar offices?

    Morningstar has offices in Chicago, New York, Oakland, Seattle and in 28 other locations.

  • How many offices does Morningstar have?

    Morningstar has 33 offices.