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Morningstar, Inc. (MORN) Stock Fundamental Analysis & AI Rating 2026

MORN Nasdaq Investment Advice IL CIK: 0001289419
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Rating
HOLD
72% Confidence
STRONG AGREEMENT
HOLD
75% Conf
HOLD
70% Conf

📊 MORN Key Takeaways

Revenue: $644.8M
Net Margin: 16.6%
Free Cash Flow: $53.6M
Current Ratio: 1.03x
Debt/Equity: 1.66x
EPS: $2.73
AI Rating: HOLD with 75% confidence
Morningstar, Inc. (MORN) receives a HOLD rating with 72% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $644.8M, net profit margin of 16.6%, and return on equity (ROE) of 10.5%, Morningstar, Inc. demonstrates mixed fundamentals in the Market sector. Below is our complete MORN stock analysis for 2026.

Is Morningstar, Inc. (MORN) a Good Investment?

Claude

Morningstar demonstrates strong operational profitability with 24.2% operating margins and robust interest coverage (683.8x), but zero revenue growth and elevated leverage (1.66x D/E) with tight liquidity (1.03x current ratio) constrain near-term upside. Financial fundamentals remain sound with $53.6M FCF generation, but the company shows stagnation requiring catalysts for growth.

ChatGPT

Morningstar exhibits strong, durable profitability and cash generation, with high ROE/ROA and exceptional interest coverage underpinning financial resilience. However, top-line growth is flat and near-term liquidity is tight, suggesting fundamentals are solid but not accelerating. Continued margin discipline and cash conversion are strengths, but a reacceleration in revenue would be needed to improve the outlook.

Why Buy Morningstar, Inc. Stock? MORN Key Strengths

Claude
  • + Exceptional operating margins (24.2%) and net margins (16.6%) indicate strong pricing power and cost control
  • + Outstanding interest coverage (683.8x) demonstrates financial strength and minimal default risk
  • + Solid free cash flow generation ($53.6M) with healthy 8.3% FCF margin provides financial flexibility
ChatGPT
  • + Strong operating and net margins (21.5%/15.3%)
  • + High returns on equity and assets
  • + Robust free cash flow and exceptional interest coverage

MORN Stock Risks: Morningstar, Inc. Investment Risks

Claude
  • ! Zero revenue growth (0.0% YoY) signals market stagnation or competitive pressures in investment advisory sector
  • ! Elevated debt-to-equity ratio (1.66x) combined with tight current ratio (1.03x) limits financial flexibility for growth investments
  • ! Minimal net income growth (+1.2% YoY) despite profitability suggests operational headwinds and limited earnings momentum
ChatGPT
  • ! Flat revenue growth limiting compounding potential
  • ! Sub-1.0 current ratio indicating tight liquidity
  • ! Potential margin compression if costs rise or mix shifts

Key Metrics to Watch

Claude
  • * Revenue growth trajectory - critical to assess whether stagnation is cyclical or structural
  • * Current ratio and liquidity position - tight 1.03x ratio vulnerable to operational disruptions
  • * Debt reduction progress - leverage must decline to support strategic investments and weather market volatility
ChatGPT
  • * Revenue growth (YoY)
  • * FCF margin

Morningstar, Inc. (MORN) Financial Metrics & Key Ratios

Revenue
$644.8M
Net Income
$107.1M
EPS (Diluted)
$2.73
Free Cash Flow
$53.6M
Total Assets
$4.0B
Cash Position
$492.8M

💡 AI Analyst Insight

Morningstar, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

MORN Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 24.2%
Net Margin 16.6%
ROE 10.5%
ROA 2.7%
FCF Margin 8.3%

MORN vs Market Sector: How Morningstar, Inc. Compares

How Morningstar, Inc. compares to Market sector averages

Net Margin
MORN 16.6%
vs
Sector Avg 12.0%
MORN Sector
ROE
MORN 10.5%
vs
Sector Avg 15.0%
MORN Sector
Current Ratio
MORN 1.0x
vs
Sector Avg 1.8x
MORN Sector
Debt/Equity
MORN 1.7x
vs
Sector Avg 0.7x
MORN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Morningstar, Inc. Stock Overvalued? MORN Valuation Analysis 2026

Based on fundamental analysis, Morningstar, Inc. has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
10.5%
Sector avg: 15%
Net Profit Margin
16.6%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.66x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Morningstar, Inc. Balance Sheet: MORN Debt, Cash & Liquidity

Current Ratio
1.03x
Quick Ratio
1.03x
Debt/Equity
1.66x
Debt/Assets
74.4%
Interest Coverage
683.77x
Long-term Debt
$1.7B

MORN Revenue & Earnings Growth: 5-Year Financial Trend

MORN 5-year financial data: Year 2021: Revenue $1.7B, Net Income $152.0M, EPS $3.52. Year 2022: Revenue $1.9B, Net Income $223.6M, EPS $5.18. Year 2023: Revenue $2.0B, Net Income $193.3M, EPS $4.45. Year 2024: Revenue $2.3B, Net Income $70.5M, EPS $1.64. Year 2025: Revenue $2.4B, Net Income $141.1M, EPS $3.29.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Morningstar, Inc.'s revenue has grown significantly by 44% over the 5-year period, indicating strong business expansion. The most recent EPS of $3.29 reflects profitable operations.

MORN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
8.3%
Free cash flow / Revenue

MORN Quarterly Earnings & Performance

Quarterly financial performance data for Morningstar, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $581.9M $78.5M $1.82
Q3 2025 $569.4M $64.2M $2.17
Q2 2025 $571.9M $64.2M $1.60
Q1 2025 $542.8M $64.2M $1.49
Q3 2024 $515.5M -$7.6M $0.91
Q2 2024 $504.7M -$7.6M $0.67
Q1 2024 $479.7M -$7.6M $-0.18
Q3 2023 $468.2M -$7.6M $-0.21

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Morningstar, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$91.5M
Cash generated from operations
Stock Buybacks
$300.0M
Shares repurchased (TTM)
Capital Expenditures
$37.9M
Investment in assets
Dividends Paid
$19.9M
Returned to shareholders

MORN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Morningstar, Inc. (CIK: 0001289419)

📋 Recent SEC Filings

Date Form Document Action
May 20, 2026 4 xslF345X06/wk-form4_1779311183.xml View →
May 19, 2026 4 xslF345X06/wk-form4_1779234308.xml View →
May 19, 2026 4 xslF345X06/wk-form4_1779234286.xml View →
May 19, 2026 4 xslF345X06/wk-form4_1779234263.xml View →
May 19, 2026 4 xslF345X06/wk-form4_1779234218.xml View →

Frequently Asked Questions about MORN

What is the AI rating for MORN?

Morningstar, Inc. (MORN) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 72% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are MORN's key strengths?

Claude: Exceptional operating margins (24.2%) and net margins (16.6%) indicate strong pricing power and cost control. Outstanding interest coverage (683.8x) demonstrates financial strength and minimal default risk. ChatGPT: Strong operating and net margins (21.5%/15.3%). High returns on equity and assets.

What are the risks of investing in MORN?

Claude: Zero revenue growth (0.0% YoY) signals market stagnation or competitive pressures in investment advisory sector. Elevated debt-to-equity ratio (1.66x) combined with tight current ratio (1.03x) limits financial flexibility for growth investments. ChatGPT: Flat revenue growth limiting compounding potential. Sub-1.0 current ratio indicating tight liquidity.

What is MORN's revenue and growth?

Morningstar, Inc. reported revenue of $644.8M.

Does MORN pay dividends?

Morningstar, Inc. pays dividends, with $19.9M distributed to shareholders in the trailing twelve months.

Where can I find MORN SEC filings?

Official SEC filings for Morningstar, Inc. (CIK: 0001289419) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MORN's EPS?

Morningstar, Inc. has a diluted EPS of $2.73.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is MORN a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, Morningstar, Inc. has a HOLD rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is MORN stock overvalued or undervalued?

Valuation metrics for MORN: ROE of 10.5% (sector avg: 15%), net margin of 16.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy MORN stock in 2026?

Our dual AI analysis gives Morningstar, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is MORN's free cash flow?

Morningstar, Inc.'s operating cash flow is $91.5M, with capital expenditures of $37.9M. FCF margin is 8.3%.

How does MORN compare to other Market stocks?

Vs Default sector averages: Net margin 16.6% (avg: 12%), ROE 10.5% (avg: 15%), current ratio 1.03 (avg: 1.8).

Is Morningstar, Inc. carrying too much debt?

MORN has a debt-to-equity ratio of 1.66x, which is above the Market sector average of 0.7x. However, the current ratio of 1.03 suggests adequate short-term liquidity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI