Touchstone
Last syncNov 1, 2026, 6:55 PM ET

MORN

Morningstar, Inc. Financials Investment Advice Russell 3000
$226.19Close $9.0BMarket cap $141.41 – $226.1952-week range Late-januaryNext report · estimated

Highlights

Strengths

  • Near its high at its 52-week high
  • Earnings growing EPS +41% year on year, faster than the quarter before (+6 pts)

Cautions

  • Trend not confirmed 7 of 8 conditions · 200-day not rising

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 28, 2026
Off 12-month high 0%
1wk up 0.6% price change
1mo up 19.3% price change
12-month return up 6% market up 11% · its own down 2%
F-score 6 / 9 Mixed
Altman Z″ 3.50 Low risk
P/E 24.0× price / earnings
PEG 7.24 P/E / EPS growth
P/B 7.4× price / book
Earnings yield — EBIT / enterprise value
Cheaper than 53% of the market · around average
Revenue growth up 7% year on year
EPS growth up 41% latest quarter · +6 pts
Sales growth up 9% latest quarter · -1 pts
ROE up 26% return on equity
Free cash margin —
D/E 0.88 long-term debt / equity
Net debt / EBITDA —
Interest cover —EBIT / interest
Piotroski tests
  • profitability slipped from last year
  • took on more long-term debt
  • short-term liquidity weakened
  • profitable on its assets
  • generating cash from operations
  • profits backed by cash
  • no new shares issued
  • gross margin widened
  • assets working harder

Trade setup

ATR% 2.8% $6.37 a day · 2×ATR $213.44
RS 73 / 99 vs the universe
Trend 7 / 8 200-day not rising
Relative volume 0.8× vs 50-day average
Up/down volume 1.31 50 sessions
Implied move — no scheduled report
Trend template · 7 of 8
  • 200-day average rising for a month: fails

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • No material dilution
  • Margins and revenue not shrinking
Last reported Oct 28, 2026
Results reaction Oct 28, 2026+3% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $2.4B +7% on FY2024
$0 $2.5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $1.4B FY2021 · $1.7B FY2022 · $1.9B FY2023 · $2.0B FY2024 · $2.3B FY2025 · $2.4B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $374.2M +1% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $223.6M FY2021 · $193.3M FY2022 · $70.5M FY2023 · $141.1M FY2024 · $369.9M FY2025 · $374.2M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 61%
  • Net 15%
0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 60% · Net 16% FY2021 · Gross 59% · Net 11% FY2022 · Gross 58% · Net 4% FY2023 · Gross 59% · Net 7% FY2024 · Gross 61% · Net 16% FY2025 · Gross 61% · Net 15%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $422.5M · Long-term debt $449.1M FY2021 · Cash $483.8M · Long-term debt $359.4M FY2022 · Cash $376.6M · Long-term debt $1.1B FY2023 · Cash $337.9M · Long-term debt $972.4M FY2024 · Cash $502.7M · Long-term debt $698.6M FY2025 · Cash $474.5M · Long-term debt $1.1B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 39.74m -7.4% since FY2020
43.14m 39.74m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 42.90m FY2021 · 43.14m FY2022 · 42.48m FY2023 · 42.73m FY2024 · 42.87m FY2025 · 39.74m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $1.4B $1.7B $1.9B $2.0B $2.3B $2.4B
Gross margin 60% 59% 58% 59% 61% 61%
Operating income $215.2M $257.0M $167.8M $230.6M $484.8M $526.6M
Net income $223.6M $193.3M $70.5M $141.1M $369.9M $374.2M
Net margin 16% 11% 4% 7% 16% 15%
Earnings per share $5.18 $4.45 $1.64 $3.29 $8.58 $8.87
Cash $422.5M $483.8M $376.6M $337.9M $502.7M $474.5M
Long-term debt $449.1M $359.4M $1.1B $972.4M $698.6M $1.1B
Shareholders' equity $1.3B $1.4B $1.2B $1.3B $1.6B $1.2B
Shares outstanding 42.90m 43.14m 42.48m 42.73m 42.87m 39.74m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 28, 2026 Quarterly ↗ Sep 30, 2026 28d
Jul 29, 2026 Quarterly ↗ Jun 30, 2026 29d
Apr 29, 2026 Quarterly ↗ Mar 31, 2026 29d
Feb 13, 2026 Annual ↗ Dec 31, 2025 44d
Oct 30, 2025 Quarterly ↗ Sep 30, 2025 30d
Jul 31, 2025 Quarterly ↗ Jun 30, 2025 31d
May 1, 2025 Quarterly ↗ Mar 31, 2025 31d
Feb 28, 2025 Annual ↗ Dec 31, 2024 59d
Oct 25, 2024 Quarterly ↗ Sep 30, 2024 25d
Jul 26, 2024 Quarterly ↗ Jun 30, 2024 26d
Apr 26, 2024 Quarterly ↗ Mar 31, 2024 26d
Feb 29, 2024 Annual ↗ Dec 31, 2023 60d

Current reports

FiledDisclosed
Oct 28, 2026 Results · Regulation FD ↗
Sep 25, 2026 Regulation FD ↗
Sep 18, 2026 Other events ↗
Aug 25, 2026 Regulation FD ↗
Jul 29, 2026 Results · Regulation FD ↗
Jun 25, 2026 Regulation FD ↗
Jun 18, 2026 Other events ↗
May 22, 2026 Regulation FD ↗
May 8, 2026 Director or officer change · Shareholder vote ↗
Apr 29, 2026 Results · Regulation FD ↗
Mar 25, 2026 Regulation FD ↗
Mar 13, 2026 Other events ↗