MORN
Income statement / Annual
Last year (2023), Morningstar, Inc.'s total revenue was $2.07 B,
an increase of 10.46% from the previous year.
In 2023, Morningstar, Inc.'s net income was $141.10 M.
See Morningstar, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$2.07 B
|
$1.87 B
|
$1.70 B
|
$1.39 B
|
$1.18 B
|
$1.02 B
|
$911.70 M
|
$798.60 M
|
$788.80 M
|
$760.07 M
|
| Cost of Revenue |
$1.03 B |
$779.30 M |
$698.40 M |
$556.40 M |
$483.10 M |
$411.10 M |
$386.60 M |
$344.30 M |
$330.10 M |
$318.64 M |
| Gross Profit |
$1.04 B |
$1.09 B |
$1.00 B |
$833.10 M |
$695.90 M |
$608.80 M |
$525.10 M |
$454.30 M |
$458.70 M |
$441.43 M |
| Gross Profit Ratio |
0.5 |
0.58 |
0.59 |
0.6 |
0.59 |
0.6 |
0.58 |
0.57 |
0.58 |
0.58 |
| Research and Development
Expenses |
$0.00
|
$64.30 M
|
$59.90 M
|
$53.90 M
|
$61.10 M
|
$42.80 M
|
$30.60 M
|
$20.00 M
|
$13.00 M
|
$0.00
|
| General & Administrative
Expenses |
$355.80 M
|
$400.40 M
|
$318.40 M
|
$272.00 M
|
$210.70 M
|
$147.80 M
|
$129.80 M
|
$105.20 M
|
$107.10 M
|
$108.87 M
|
| Selling & Marketing
Expenses |
$423.80 M
|
$356.50 M
|
$274.80 M
|
$206.40 M
|
$177.90 M
|
$148.50 M
|
$134.30 M
|
$97.60 M
|
$96.60 M
|
$111.09 M
|
| Selling, General &
Administrative Expenses |
$779.60 M
|
$756.90 M
|
$593.20 M
|
$478.40 M
|
$388.60 M
|
$296.30 M
|
$264.10 M
|
$202.80 M
|
$203.70 M
|
$219.95 M
|
| Other Expenses |
$0.00 |
$166.60 M |
$150.70 M |
$139.50 M |
$117.70 M |
$8.40 M |
-$1.80 M |
$6.70 M |
$1.80 M |
$6.25 M |
| Operating Expenses |
$964.50 M |
$923.50 M |
$743.90 M |
$617.90 M |
$506.30 M |
$393.00 M |
$355.30 M |
$273.50 M |
$268.10 M |
$274.84 M |
| Cost And Expenses |
$1.81 B |
$1.70 B |
$1.44 B |
$1.17 B |
$989.40 M |
$804.10 M |
$741.90 M |
$617.80 M |
$598.20 M |
$593.48 M |
| Interest Income |
$9.00 M |
$1.70 M |
$1.70 M |
$1.60 M |
$2.40 M |
$2.30 M |
$1.90 M |
$1.80 M |
$1.80 M |
$2.56 M |
| Interest Expense |
$60.70 M |
$28.40 M |
$8.70 M |
$9.50 M |
$11.10 M |
$4.10 M |
$5.50 M |
$1.50 M |
$500,000.00 |
$512,000.00 |
| Depreciation &
Amortization |
$184.90 M
|
$166.60 M
|
$150.70 M
|
$139.50 M
|
$117.70 M
|
$96.70 M
|
$91.20 M
|
$70.70 M
|
$64.40 M
|
$54.89 M
|
| EBITDA |
$419.70 M
|
$323.70 M
|
$417.00 M
|
$433.90 M
|
$326.40 M
|
$331.60 M
|
$261.00 M
|
$295.40 M
|
$255.00 M
|
$169.34 M
|
| EBITDA Ratio |
0.2 |
0.17 |
0.24 |
0.25 |
0.24 |
0.3 |
0.27 |
0.27 |
0.32 |
0.37 |
| Operating Income Ratio
|
0.11
|
0.09
|
0.15
|
0.15
|
0.16
|
0.21
|
0.19
|
0.23
|
0.24
|
0.14
|
| Total Other
Income/Expenses Net |
-$56.50 M
|
-$37.20 M
|
-$6.50 M
|
$67.80 M
|
$8.90 M
|
$17.10 M
|
$11.30 M
|
$44.10 M
|
$3.10 M
|
$8.41 M
|
| Income Before Tax |
$174.10 M |
$130.60 M |
$250.50 M |
$283.00 M |
$198.50 M |
$232.90 M |
$181.10 M |
$224.90 M |
$193.70 M |
$113.90 M |
| Income Before Tax Ratio
|
0.08
|
0.07
|
0.15
|
0.2
|
0.17
|
0.23
|
0.2
|
0.28
|
0.25
|
0.15
|
| Income Tax Expense |
$33.00 M |
$56.50 M |
$62.60 M |
$59.70 M |
$45.60 M |
$47.80 M |
$42.90 M |
$63.70 M |
$62.70 M |
$35.68 M |
| Net Income |
$141.10 M |
$70.50 M |
$193.30 M |
$223.60 M |
$152.00 M |
$183.00 M |
$136.90 M |
$161.00 M |
$132.60 M |
$78.30 M |
| Net Income Ratio |
0.07 |
0.04 |
0.11 |
0.16 |
0.13 |
0.18 |
0.15 |
0.2 |
0.17 |
0.1 |
| EPS |
3.31 |
1.65 |
4.5 |
5.22 |
3.56 |
4.3 |
3.21 |
3.74 |
3 |
1.75 |
| EPS Diluted |
3.29 |
1.64 |
4.45 |
5.18 |
3.52 |
4.26 |
3.18 |
3.72 |
3 |
1.74 |
| Weighted Average Shares
Out |
$42.60 M
|
$42.60 M
|
$43.00 M
|
$42.90 M
|
$42.70 M
|
$42.60 M
|
$42.70 M
|
$43.00 M
|
$44.20 M
|
$44.70 M
|
| Weighted Average Shares
Out Diluted |
$42.90 M
|
$42.90 M
|
$43.40 M
|
$43.20 M
|
$43.20 M
|
$43.00 M
|
$43.00 M
|
$43.30 M
|
$44.30 M
|
$44.90 M
|
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