Morningstar, Inc. is a provider of independent investment research. 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 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 Company also offers investment management services through its investment advisory subsidiaries.

Type
Public
HQ
Chicago, US
Founded
1984
Size (employees)
4,820 (est)+4%
Morningstar was founded in 1984 and is headquartered in Chicago, US
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Key People/Management at Morningstar

Jason Dubinsky

Jason Dubinsky

CFO
Kunal Kapoor

Kunal Kapoor

President
Haywood Kelly

Haywood Kelly

Head of Global Research
Thomas Idzorek

Thomas Idzorek

President - Morningstar Investment Management
Bevin Desmond

Bevin Desmond

Head of Global Information Products and Service

Morningstar Office Locations

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

Morningstar Financials

Morningstar's revenue was reported to be $798.60 m in FY, 2016 which is a 1.2% increase from the previous period.
USD

Market capitalization (22-Jun-2018)

5.6 b

Closing share price (22-Jun-2018)

132.2

Cash (31-Mar-2018)

311 m

EV

5.5 b
Morningstar's current market capitalization is $5.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

760.1 m788.8 m798.6 m

Revenue growth, %

9%4%1%

Cost of goods sold

318.6 m330.1 m344.3 m

Gross profit

441.4 m458.7 m454.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

173.5 m181.2 m189.4 m193.1 m189.8 m202.1 m195.3 m192.1 m198.2 m196.1 m209.5 m229.2 m229.9 m

Cost of goods sold

72.4 m75.7 m81.4 m80.1 m78.7 m83.2 m83.4 m85.3 m86.1 m84.9 m97 m95.3 m90.9 m

Gross profit

101.1 m105.5 m108 m113 m111.1 m118.9 m111.9 m106.8 m112.1 m111.2 m112.5 m133.9 m139 m

Gross profit Margin, %

58%58%57%58%59%59%57%56%57%57%54%58%60%
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

185.2 m207.1 m259.1 m

Accounts Receivable

136.7 m139.3 m145.8 m

Current Assets

399.8 m409.9 m472 m

PP&E

117.6 m134.5 m152.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

177 m204.6 m176.3 m189.3 m204.6 m225.6 m223.7 m185.2 m202.4 m219.4 m265.8 m285.6 m270.3 m311 m

Current Assets

489.4 m424.9 m402.6 m388.3 m418.5 m435.4 m420.1 m400.4 m409 m413.1 m486.1 m507.4 m497.9 m

Goodwill

326.7 m327.9 m388.8 m379 m359.8 m364.2 m359.9 m367.9 m371.5 m370.7 m558.3 m561.5 m565.4 m

Total Assets

1.1 b1 b1.1 b1 b1 b1 b1 b1 b1.1 b1.1 b1.4 b1.4 b1.4 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

78.3 m132.8 m161 m

Depreciation and Amortization

70.7 m

Cash From Operating Activities

136.6 m241.5 m213.7 m

Cash From Investing Activities

(31.2 m)(79.5 m)(274.2 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

31.4 m26.3 m(9.8 m)30.2 m29.8 m32.2 m33.5 m28.7 m31.8 m30.2 m18 m

Depreciation and Amortization

11.3 m12.4 m13.4 m14.6 m15.1 m16.3 m16.4 m16.6 m17.3 m18.1 m21.5 m

Long-term Borrowings

(30 m)
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Morningstar Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Asset Management Firms Served

1.70 k1.30 k1.40 k

Individual Investors Served

9.90 m10.10 m10.90 m

Registered Users (US)

8.19 m8.29 m8.38 m8.45 m8.53 m8.62 m8.70 m8.81 m8.89 m

Subscriptions (US)

123.27 k123.56 k122.24 k121.80 k120.56 k120.08 k119.02 k118.38 k118.34 k118.51 k118.57 k
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Morningstar Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PitchBook Data (310)October 14, 2016$180 m
HelloWallet May 29, 2014$5.25 m

Morningstar Revenue Breakdown

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Morningstar revenue breakdown by business segment: 100.0% from Canada

Morningstar revenue breakdown by geographic segment: 8.1% from Continental Europe, 7.9% from United Kingdom, 76.6% from United States and 7.3% from Other

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Morningstar Online and Social Media Presence

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Morningstar News and Updates

Morningstar Assigns New Analyst Ratings to Five U.S. Funds; Upgrades Eleven Funds; Downgrades Ten Funds in May 2018

CHICAGO, June 22, 2018 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has published a summary of Morningstar Analyst Rating™ activity for 173 U.S. open-end mutual funds, exchange-traded funds (ETFs) and two target-date series that...
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