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MORN

Morningstar, Inc.

MORN · NASDAQFinancials
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Data inputsraw data inMorningstarthe data engineProducts &brandswhat it sellsDistributionhow it reaches usersUsers &investorswho paysEXCExchanges & market-data feedsFNDFund & ETF companiesF&PSFilings & private-market sourcesMMorningstarMSCIMSCISPGIS&P GlobalFDSFactSetBLOBloombergMD/DMorningstar Direct / DataPBPitchBookDBRSMorningstar DBRSIDXMorningstar IndexesSUSMorningstar SustainalyticsADVFinancial advisersM&AMorningstar.com & appAMAsset & wealth managersIIIndividual investorsINSInstitutionsISSDebt issuers
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Company details
Market cap
$7B
P/E ratio
21×
Div yield
1.1%
EPS (TTM)
$8.87
Profit margin
15%
Rev. growth
+8%
Revenue
$2.4B
Free cash flow
$443M
In plain English
Morningstar is the independent scorekeeper of the investing world. It gathers raw market, fund and private-company data, turns it into ratings, research, indexes and software, and rents that intelligence back to the advisers, asset managers and institutions who run the money — a recurring-revenue data business (~$2.4B) still ~35% owned by founder Joe Mansueto.
In simple terms
What Morningstar, Inc. really sells
Morningstar is the independent scorekeeper of the investing world. It gathers raw market, fund and private-company data, turns it into ratings, research, indexes and software, and rents that intelligence back to the advisers, asset managers and institutions who run the money — a recurring-revenue data business (~$2.4B) still ~35% owned by founder Joe Mansueto.
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Risk read
Moderate
SteadierMore speculative
Why this rating?