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Morningstar

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    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.

    Revenue(FY, 2016)
    $798.6 M
    Market capitalization(2018-04-20)
    $4.4 B
    Type
    Public
    HQ
    Chicago, US
    Founded
    1984
    Size (employees)
    4,820 (est)+4%
    Website
    morningstar.com
    Morningstar was founded in 1984 and is headquartered in Chicago, US
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    Key People/Management at Morningstar

    Jason Dubinsky

    Jason Dubinsky

    Chief Financial Officer
    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
    Show all (1)
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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

    Revenue (Q3, 2017)

    		229.9 m

    Gross profit (Q3, 2017)

    		139 m

    Gross profit margin (Q3, 2017), %

    		60.5%

    Net income (Q3, 2017)

    		33.9 m

    EBIT (Q3, 2017)

    		52.8 m

    Market capitalization (20-Apr-2018)

    		4.4 b

    Cash (30-Sep-2017)

    		270.3 m

    EV

    		4.4 b
    Morningstar's current market capitalization is $4.4 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%
    show all
    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, 2017

    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 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
    show all
    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, 2017

    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
    show all
    USDY, 2017

    EV/EBIT

    		82.7 x

    Revenue/Employee

    		47.7 k

    Debt/Equity

    		0.3 x

    Debt/Assets

    		0.1 x

    Financial Leverage

    		1.8 x
    Show all financial metrics

    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
    Show all operating metrics

    Morningstar Acquisitions / Subsidiaries

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

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    April 01, 2018

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    March 29, 2018

    SPIVA And Active Bond Management

    March 28, 2018

    80 High-Yield 10%-Plus Dividend Leaders For April

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