Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 17 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $170 billion in assets under advisement and management as of Sept. 30, 2015. The company has operations in 27 countries.

Company Growth (employees)
Chicago, US
Size (employees)
4,595 (est)+15%
Morningstar was founded in 1984 and is headquartered in Chicago, US

Key People at Morningstar

Stéphane Biehler

Stéphane Biehler

Chief Financial Officer
Kunal Kapoor

Kunal Kapoor

Haywood Kelly

Haywood Kelly

Head of Global Research
Bevin Desmond

Bevin Desmond

head of global information products and service
Thomas Idzorek

Thomas Idzorek

President - Morningstar Investment Management

Morningstar Office Locations

Morningstar has an office in Chicago
Chicago, US (HQ)
22 West Washington Street

Morningstar Metrics

Morningstar Financial Metrics

Revenue (2016)

$798.6 m

Revenue growth (2015-16), %


Gross profit

$454.3 m

Gross profit margin (2016), %


Net income (2016)

$161 m

Market capitalization (28-Apr-2017)

$3.1 b

Closing share price (28-Apr-2017)


Cash (31-Dec-2016)

$259.1 m
Morningstar's current market capitalization is $3.1 b.
Morningstar's revenue was reported to be $798.6 m in FY, 2016 which is a 1% increase from the previous period.
FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


$698.3 m$760.1 m$788.8 m$798.6 m

Revenue growth, %


Cost of goods sold

$271.4 m$318.6 m$330.1 m$344.3 m

Gross profit

$426.8 m$441.4 m$458.7 m$454.3 m

Gross profit Margin, %


Operating expense total

$256.2 m$335.8 m$268.1 m$617.8 m

Depreciation and amortization

$42.9 m$43.1 m$45.7 m$54.9 m$64.4 m


$170.7 m$105.6 m$190.6 m$180.8 m

EBIT margin, %


Income tax expense

$43.7 m$52.9 m$56 m$35.7 m$62.7 m$63.7 m

Net Income

$123.4 m$78.3 m$132.8 m$161 m
Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


$180.2 m$200.4 m$163.9 m$168.2 m$185.2 m$207.1 m$259.1 m

Accounts Receivable


Current Assets

$446.9 m$399.8 m$409.9 m$472 m


$326.5 m$370.1 m$364.2 m$556.8 m

Total Assets

$1 b$1 b$1 b$1.4 b

Accounts Payable

Current Liabilities

$280.3 m$293.8 m$304.4 m$294.9 m

Additional Paid-in Capital

$539.5 m$561.1 m$575.5 m$584 m

Retained Earnings

$594.6 m$641.5 m$739.2 m$861.9 m

Total Equity

$691.3 m$654.4 m$640.6 m$696.8 m

Financial Leverage

1.5 x1.6 x1.6 x1.9 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$123.4 m$78.3 m$132.8 m$161 m

Depreciation and Amortization

$45.7 m$54.9 m$64.4 m$70.7 m

Accounts Receivable


Accounts Payable

Cash From Operating Activities

$4.3 m$17 m$21.9 m

Morningstar Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PitchBook DataOctober 14, 2016$180 m
HelloWalletMay 29, 2014$5.3 m

Morningstar Market Value History

Morningstar Median Salaries

Source: 100 public H-1B filings from Morningstar

Morningstar Online Presence

Morningstar News

Morningstar Company Life

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