# Morningstar, Inc. (MORN)

> Financial Services · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/MORN/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 644.80M | $ 107.10M | $ 53.60M | $ 1.91B | $ 1.02B |
| 2025 | $ 2.50B | $ 383.15M | $ 453.18M | $ 1.41B | $ 1.22B |
| 2024 | $ 2.39B | $ 388.79M | $ 471.83M | $ 904.00M | $ 1.62B |
| 2023 | $ 2.20B | $ 152.56M | $ 213.33M | $ 1.16B | $ 1.33B |
| 2022 | $ 2.09B | $ 78.76M | $ 188.01M | $ 1.32B | $ 1.21B |
| 2021 | $ 2.02B | $ 229.77M | $ 413.77M | $ 531.50M | $ 1.42B |
| 2020 | $ 1.77B | $ 284.85M | $ 391.86M | $ 626.70M | $ 1.27B |
| 2019 | $ 1.52B | $ 196.19M | $ 328.37M | $ 687.60M | $ 1.08B |
| 2018 | $ 1.35B | $ 241.69M | $ 315.25M | $ 70.00M | $ 934.70M |
| 2017 | $ 1.23B | $ 184.42M | $ 247.20M | $ 180.00M | $ 804.90M |
| 2016 | $ 1.10B | $ 221.51M | $ 207.61M | $ 250.00M | $ 696.50M |
| 2015 | $ 1.11B | $ 186.32M | $ 257.92M | $ 35.00M | $ 640.30M |
| 2014 | $ 1.07B | $ 110.66M | $ 104.44M | $ 30.00M | $ 653.50M |
| 2013 | $ 993.10M | $ 175.69M | $ 217.71M | $ 0 | $ 690.26M |
| 2012 | $ 950.41M | $ 156.04M | $ 167.41M | $ 0 | $ 725.52M |
| 2011 | $ 927.63M | $ 144.50M | $ 208.11M | $ 0 | $ 855.37M |
| 2010 | $ 840.88M | $ 136.67M | $ 164.50M | $ 0 | $ 780.32M |
| 2009 | $ 725.27M | $ 124.96M | $ 126.90M | $ 0 | $ 664.62M |
| 2008 | $ 760.79M | $ 140.11M | $ 157.36M | $ 0 | $ 535.53M |
| 2007 | $ 658.82M | $ 111.93M | $ 152.96M | $ 0 | $ 408.30M |
| 2006 | $ 477.22M | $ 78.38M | $ 51.04M | $ 0 | $ 269.42M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 1.87 |
| Liabilities / Eq | 2.91 |
| Current Ratio | 1.03 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 7.85 |
| Gross Debt / FCF | 5.80 |

## Other views

- [Metrics](https://sponda.capital/en/MORN.md)
- [Charts](https://sponda.capital/en/MORN/charts.md)
- [Compare](https://sponda.capital/en/MORN/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.