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 Ratings4.1
Overall CultureD+

Latest Updates

Employees (est.) (Jun 2020)6,914(+3%)
Job Openings378
Revenue (FY, 2020)$1.4 B(+18%)
Share Price (Jun 2021)$235.8
Cybersecurity ratingDMore

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, 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

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Morningstar's revenue was reported to be $1.39 b in FY, 2020
USD

Revenue (FY, 2020)

1.4b

Gross profit (FY, 2020)

833.1m

Gross profit margin (FY, 2020), %

60%

Net income (FY, 2020)

223.6m

EBIT (FY, 2020)

215.2m

Market capitalization (11-Jun-2021)

10.1b

Closing stock price (11-Jun-2021)

235.8

Cash (31-Dec-2020)

422.5m

EV

10.3b
Morningstar's current market capitalization is $10.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

911.7m1.0b1.2b1.4b

Revenue growth, %

14%12%16%

Cost of goods sold

386.6m411.1m483.1m556.4m

Gross profit

525.1m608.8m695.9m833.1m
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, 2019FY, 2020

Net Income

136.9m183.0m152.0m223.6m

Depreciation and Amortization

91.2m96.7m117.7m139.5m

Accounts Payable

700.0k6.0m3.2m

Cash From Operating Activities

250.1m314.8m334.4m384.3m
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

Revenue/Employee

191.9k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.7 x
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Morningstar Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries

272627

Financial Advisors Served

255 k255 k

Asset Management Firms Served

1.5 k1.5 k

Retirement Plan Providers Served

3130
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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

D

69/100

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

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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

Morningstar lays out the 10 highest-conviction bets being made by US stock-pickers right now — and shares 4 Big Tech names that look cheap

Summary List PlacementMorningstar's "Ultimate Stock-Pickers" are sticking with the big bets they've held throughout the pandemic, even as investors more broadly are ditching some of those high-growth stocks that delivered such handsome returns.  The research firm has consulted with 22 of America's…

A Morningstar analyst who got a personal tour of ARK’s operations by Cathie Wood herself unpacks why her funds are unlikely to meet her lofty goal for ‘exponential growth’ in 5 years

Summary List PlacementMegawatt money-maker Cathie Wood has some of the world's most loyal investing fans, drawing legions of social media crowds for her ARK funds and her unquestionable charisma.  Yet, one of her most vocal critics is also someone to whom she has given unprecedented access to her …

Morningstar issues warning about thematic tech investing, popularized recently by Cathie Wood

Whether you’re chasing fads in clean energy, gaming or robotics, beware: Thematic tech funds are costly and risky.

ICMA-RC Launches Enhanced Managed Accounts Platform by Morningstar Investment Management

Upgraded Features Provide a More Intuitive and Personalized Experience Upgraded Features Provide a More Intuitive and Personalized Experience

The manager of a small-cap fund with a 5-star Morningstar rating shares 3 of his highest-conviction stock picks right now amid soaring valuations — and breaks down his 4 criteria for identifying opportunities

Summary List PlacementThe last 12 months have been a great time to be invested in small-cap stocks.  The Russell 2000 index is up 86% over that period as investors piled into the riskier, more cyclical firms thanks to vaccine discoveries and what multiple fiscal stimulus packages mean for a strong…

JP Morgan, Morningstar and Broadridge invest in Tifin

The Tifin Group, an umbrella group operating a host of fintech companies in the asset and wealth management industry, has raised $22.3 million in a Series B funding round joined by JP Morgan Asset Management, Morningstar and Broadridge.
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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 $1.4 b.

  • What is Morningstar revenue per employee?

    Latest Morningstar revenue per employee is $201 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.