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, US
Websitemorningstar.com
Employee Ratings4

Latest Updates

Employees (est.) (Jun 2020)6,914(+3%)
Job Openings179
Revenue (FY, 2019)$1.2 B(+16%)
Share Price (Nov 2020)$206.8 (-3%)
Cybersecurity ratingCMore

Key People/Management at Morningstar

Thomas Idzorek

Thomas Idzorek

CFO
Kunal Kapoor

Kunal Kapoor

Chief Executive Officer
Laura Lutton

Laura Lutton

Head of Client Solutions, Asset Management
Joe Mansueto

Joe Mansueto

Executive Chairman
Noel Abat

Noel Abat

Operations Director, Sales Excellence
Robin Diamonte

Robin Diamonte

Director
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Morningstar Office Locations

Morningstar has offices in Chicago, New York, Oakland, Seattle and in 24 other locations
Chicago, US (HQ)
22 W Washington St
New York, US
Four World Trade Center, 150 Greenwich St
Oakland, US
14 Commerce Dr
Seattle, US
901 Fifth Avenue, 901 5th Ave #1200
Woburn, US
10 State St
Barangaroo, AU
100 Barangaroo Avenue
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Morningstar Financials and Metrics

Morningstar Revenue

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Morningstar's revenue was reported to be $1.18 b in FY, 2019 which is a 15.6% increase from the previous period.
USD

Revenue (Q2, 2020)

327.9m

Gross profit (Q2, 2020)

196.8m

Gross profit margin (Q2, 2020), %

60%

Net income (Q2, 2020)

48.2m

EBIT (Q2, 2020)

61.3m

Market capitalization (12-Nov-2020)

8.9b

Closing stock price (12-Nov-2020)

206.8

Cash (30-Sept-2020)

351.1m

EV

9.2b
Morningstar's current market capitalization is $8.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

911.7m1.0b1.2b

Revenue growth, %

14%12%16%

Cost of goods sold

386.6m411.1m483.1m

Gross profit

525.1m608.8m695.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

243.5m252.4m261.3m258.9m273.9m313.8m324.0m327.9m

Cost of goods sold

102.4m99.8m100.0m105.1m107.5m128.4m137.0m131.1m

Gross profit

141.1m152.6m161.3m153.8m166.4m185.4m187.0m196.8m

Gross profit Margin, %

58%60%62%59%61%59%58%60%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

380.2m369.3m334.1m

Accounts Receivable

148.2m172.2m188.5m

Current Assets

529.8m601.6m603.2m

PP&E

147.4m143.5m154.7m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

136.9m183.0m152.0m

Depreciation and Amortization

91.2m96.7m117.7m

Accounts Payable

700.0k6.0m3.2m

Cash From Operating Activities

250.1m314.8m334.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

41.9m83.7m140.6m33.2m75.3m124.4m23.9m72.1m148.3m

Depreciation and Amortization

28.2m46.5m71.2m23.5m49.4m84.0m34.2m67.9m103.7m

Accounts Payable

(900.0k)5.9m(3.5m)(4.5m)(5.0m)(1.4m)(700.0k)

Cash From Operating Activities

59.9m129.7m209.5m59.0m146.2m251.9m48.7m176.3m269.7m
USDFY, 2017

EV/EBIT

23.1 x

EV/CFO

15.7 x

EV/FCF

21.4 x

Revenue/Employee

191.9k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.7 x

P/E Ratio

30.3
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Morningstar Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries

27 26 27

Financial Advisors Served

255 k255 k

Asset Management Firms Served

1.50 k1.50 k

Retirement Plan Providers Served

31 30
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Morningstar Acquisitions / Subsidiaries

Company NameDateDeal Size
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
ByAllAccountsApril 01, 2014
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Morningstar Revenue Breakdown

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Morningstar revenue breakdown by geographic segment: 7.5% from Continental Europe, 8.0% from United Kingdom, 73.5% from United States and 11.1% from Other

Morningstar Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

Morningstar Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Morningstar Online and Social Media Presence

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Morningstar News and Updates

Morningstar Study of 61 of the Largest 529 College-Savings Plans Spurs Shakeup of Ratings with New Methodology Enhancements

CHICAGO, Oct. 27, 2020 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced updates to the Morningstar Analyst Ratings™ for 61 of the nation's largest 529 college-savings plans, which represent approximately 97% of the...

Morningstar to Bring Together Manager Research and Quantitative Research, Create Chief Ratings Officer

CHICAGO, Oct. 22, 2020 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced a research reorganization that includes bringing together the leadership of its quantitative analytics and qualitative managed-investment...

Automating Data Collection For AI At Morningstar

Machine learning systems work by generalizing learnings from data, so if that data is insufficient in quantity or poor in quality, then the machine learning project will fail. Nothing is more true for artificial intelligence than the tech adage, “garbage in is garbage out”.

Mirae Asset’s Emerging Markets Great Consumer® Fund (MICGX) Celebrates 10-Year Anniversary & 5-Star Morningstar Rating

The Fund maintains a 5-Star Morningstar Rating in the Diversified Emerging Markets Category for the overall, 3-, and 5-year periods out of 695, 695, and 579 funds based on risk-adjusted returns as of August 31, 2020.

Solar Inverter for PV Pump 2020 Global Market Key Players – Sponsor Companies, Morningstar, Power Electronics, Nextronex - Analysis and Forecast to 2026

Wiseguyreports.Com Publish New Market Research Report On-“Covid-19 Impact on Solar Inverter for PV Pump Market 2020 Global Analysis by Sales, Demand, Trends, Consumption and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday

Morningstar, Inc. Completes Acquisition of Sustainalytics

Acquisition will widen the opportunity set for sustainable investing at every level and across asset classes to drive meaningful, long-term outcomes for investors CHICAGO and AMSTERDAM, July 6, 2020 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent...
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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 Laura Lutton.

  • How many employees does Morningstar have?

    Morningstar has 6,914 employees.

  • What is Morningstar revenue?

    Latest Morningstar annual revenue is $1.2 b.

  • What is Morningstar revenue per employee?

    Latest Morningstar revenue per employee is $170.5 k.

  • Who are Morningstar competitors?

    Competitors of Morningstar include Blue Heron Research Partners, Bloomberg and FactSet.

  • 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 24 other locations.

  • How many offices does Morningstar have?

    Morningstar has 33 offices.