Morningstar Inc
Research Morningstar Inc (MORN) on Bullrun: valuation model: 3.8% undervalued, market cap USD 8.07B, P/E 20.4, dividend yield 0.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMORN
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryFinancial Data & Stock Exchanges
- CurrencyUSD
- Valuation signal3.8% undervalued
- Market capUSD 8.07B
- P/E20.4
- Dividend yield0.9%
- Financial periodQ2 2026
- RevenueUSD 663.20M
- Net incomeUSD 107.80M
- Free cash flowUSD 122.50M
- Gross margin63.9%
Valuation Snapshot
Bullrun's latest valuation model marks Morningstar Inc as 3.8% undervalued; latest market cap is USD 8.07B; P/E is 20.4; dividend yield is 0.9%.
Peer valuation comparison
Latest P/E is 20.38x versus a Financial Services sector median of 13.84x (47.3% above).
Latest dividend yield is 0.9% versus a Financial Services sector median of 3.86% (76.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 2.45B | USD 374.20M | USD 442.60M | 61.0% | 8.87 | USD 474.50M | USD 1.07B | USD 1.22B |
| FY2024 | USD 2.28B | USD 369.90M | USD 448.90M | 60.6% | 8.58 | USD 502.70M | USD 698.60M | USD 1.62B |
| FY2023 | USD 2.04B | USD 141.10M | USD 197.30M | 58.6% | 3.29 | USD 337.90M | USD 1.00B | USD 1.33B |
| FY2022 | USD 1.87B | USD 70.50M | USD 168.30M | 58.3% | 1.64 | USD 376.60M | USD 1.14B | USD 1.21B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 8.07B | 20.4 | 0.9% | 1.96 |
| 2025 | 2025-12-31 | USD 8.64B | 24.4 | 0.8% | 1.84 |
| 2024 | 2024-12-31 | USD 14.44B | 39.2 | 0.5% | 1.64 |
| 2023 | 2023-12-29 | USD 12.22B | 173.5 | 0.5% | 1.52 |
| 2022 | 2022-12-30 | USD 9.19B | 75.7 | 0.7% | 1.44 |
| 2021 | 2021-12-31 | USD 14.75B | 76.7 | 0.3% | 0.96 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.96 USD, yield 0.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.87 USD |
| FY2024 | 1.67 USD |
| FY2023 | 1.53 USD |
| FY2022 | 1.46 USD |
About Morningstar Inc
Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The company offers managed investments, including mutual funds, exchanged traded funds, separate accounts, collective investment trusts, model portfolios, equities, and fixed-income securities;
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Frequently asked questions
Is Morningstar Inc overvalued or undervalued?
Bullrun's valuation model currently marks Morningstar Inc as 3.8% undervalued.
What is Morningstar Inc's market cap?
Morningstar Inc's market capitalization is USD 8.07B.
What is Morningstar Inc's P/E ratio?
Morningstar Inc's price-to-earnings (P/E) ratio is 20.4.
Does Morningstar Inc pay a dividend?
Morningstar Inc has a dividend yield of 0.9%.
What does Morningstar Inc do?
Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement.