Morningstar (MORN)

Corporate Fundamentals, Inc. • DBRS, Inc. • Morningstar Credit Analytics LLC • Morningstar Index Holding Corp. • Morningstar Investment Management LLC • Morningstar Investment Services LLC • Morningstar Ratings Holding Corp. • Morningstar Research Services LLC • PitchBook Data, Inc. • PitchBook Holding, Inc. ...

IRS number

363297908

MORN stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

View all

28 Feb 25

Morningstar, Inc. Reports Fourth-Quarter, Full-Year 2024 Financial Results

26 Feb 25

8-K

Regulation FD Disclosure

31 Jan 25

8-K

Regulation FD Disclosure

13 Dec 24

8-K

Departure of Directors or Certain Officers

10 Dec 24

8-K

Departure of Directors or Certain Officers

6 Dec 24

8-K

Regulation FD Disclosure

25 Oct 24

Morningstar, Inc. Reports Third-Quarter 2024 Financial Results

23 Oct 24

8-K

Regulation FD Disclosure

1 Oct 24

Latest ownership filings

View all

Financial summary

Financial statements Chart MORN financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	502.70 mm	502.70 mm	502.70 mm	502.70 mm	502.70 mm	502.70 mm
Cash burn (monthly)	16.73 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	34.81 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	467.89 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	28.0	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Morningstar earnings reports.

Institutional ownership, Q4 2024

MORN institutional ownership history Ownership history

60.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	443	407	+8.8%
Opened positions	73	57	+28.1%
Closed positions	37	42	-11.9%
Increased positions	149	161	-7.5%
Reduced positions	146	104	+40.4%

13F shares	Current	Prev Q	Change
Total value	8.27 tn	7.84 tn	+5.6%
Total shares	25.71 mm	25.53 mm	+0.7%
Total puts	2.90 k	4.70 k	-38.3%
Total calls	14.00 k	16.70 k	-16.2%
Total put/call ratio	0.2	0.3	-26.4%

Largest owners	Shares	Value	Change
Vanguard	2.80 mm	$944.14 bn	+1.9%
BlackRock	2.67 mm	$898.39 bn	+3.5%
MS Morgan Stanley	2.06 mm	$692.69 bn	-0.9%
Select Equity	1.37 mm	$462.85 bn	-21.9%
Bamco	1.31 mm	$439.52 bn	-0.0%
BAC Bank of America	1.30 mm	$438.91 bn	-16.3%
Wellington Management	1.08 mm	$363.90 bn	+13.7%
Massachusetts Financial Services	1.02 mm	$342.25 bn	-15.4%
Kayne Anderson Rudnick Investment Management	975.19 k	$328.41 bn	-6.5%
STT State Street	841.63 k	$283.43 bn	+4.6%

Largest transactions	Shares	Bought/sold	Change
Select Equity	1.37 mm	-384.89 k	-21.9%
Norges Bank	331.67 k	+331.67 k	NEW
BAC Bank of America	1.30 mm	-253.26 k	-16.3%
Millennium Management	287.66 k	-207.45 k	-41.9%
Amundi	728.00	-192.05 k	-99.6%
Massachusetts Financial Services	1.02 mm	-185.40 k	-15.4%
Balyasny Asset Management	168.03 k	+168.03 k	NEW
Premier Fund Managers	150.00 k	+150.00 k	NEW
Wellington Management	1.08 mm	+130.09 k	+13.7%
Schroder Investment Management	100.19 k	+100.19 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MORN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	319.097	368	117.43 k	10,072,570
26 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	325.585	30	9.77 k	10,072,938
26 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	324.6078	999	324.28 k	10,072,968
26 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	323.6939	1,184	383.25 k	10,073,967
26 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	322.6529	1,867	602.39 k	10,075,151
25 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	323.2	2,296	742.07 k	10,077,018
25 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	322.5108	4,026	1.30 mm	10,079,314
25 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	321.3361	2,286	734.57 k	10,083,340
24 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	323.9199	1,071	346.92 k	10,085,626
24 Feb 25	Joseph D Mansueto	Common Stock	Sell	Dispose S	No	Yes	323.0849	5,774	1.87 mm	10,086,697