Morningstar, Inc. (OQ:MORN)

Business Focus: Professional Information Services

Sector:  Industrials Industry:  Professional Information Services
See Regulatory Filings on SEC
Company Contact
Address: 22 W Washington St
CHICAGO IL 60602-1605
Tel: N/A
IR: See website
Key People
Joseph D. Mansueto
Executive Chairman of the Board
Kunal Kapoor
Chief Executive Officer, Director
Jason Dubinsky
Chief Financial Officer
Daniel E. Needham
President, Chief Investment Officer, Investment Management
Pat Maloney
General Counsel
Bevin Desmond
Head of Talent and Culture
Danny Dunn
Chief Revenue Officer
Haywood Kelly
Head of Global Research
Business Overview
Morningstar, Inc. is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors. It provides data and research insights on a range of investment offerings, including managed investment products, listed companies, capital markets, and real-time global market data. It conducts its business operations outside of the United States through subsidiaries in countries, including Australia, Brazil, Canada, Chile, Denmark, France, Germany, India, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, People's Republic of China (both Hong Kong and the mainland), Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, the United Arab Emirates, and the United Kingdom.
Financial Overview
For the fiscal year ended 31 December 2019, Morningstar, Inc. revenues increased 16% to $1.18B. Net income decreased 17% to $152M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Depreciation and amortization increase of 22% to $117.7M (expense), Gain on sale of a product line decrease from $10.5M (income) to $0K, Other income (expense).
Employees: 6,557 as of Sep 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $7,062M as of Dec 31, 2019
Annual revenue (TTM): $1,179M as of Dec 31, 2019
EBITDA (TTM): $416.20M as of Dec 31, 2019
Net annual income (TTM): $152.00M as of Dec 31, 2019
Free cash flow (TTM): $206.60M as of Dec 31, 2019
Net Debt Last Fiscal Year: $145.60M as of Dec 31, 2019
Shares outstanding: 42,809,867 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization