Morningstar, Inc. (OQ:MORN)

Sector:  Industrials Industry:  Professional Information Services
See Regulatory Filings on SEC
Company Contact
Address: 22 W Washington St
Tel: N/A
IR: See website
Key People
Joe Mansueto
Executive Chairman of the Board
Kunal Kapoor
Chief Executive Officer, Director
Jason Dubinsky
Chief Financial Officer
Danny Dunn
Chief Revenue Officer
Business Overview
Morningstar, Inc. is a provider of independent investment research in North America, Europe, Australia, and Asia. It supports asset managers, individual and institutional investors, and financial advisors who make their own investment decisions with a product line of Web-based tools, investment data, ratings and research. Its customers have access to a selection of investment data, fundamental equity research, manager research, private capital markets research, credit ratings, environmental, social and governance (ESG) ratings, fund ratings, and indexes directly on its desktop or Web-based software platforms, or through subscriptions, data feeds and third-party distributors. It provides investment management services, investment analysis platforms, and portfolio management and accounting software tools to advisors and financial institutions. It offers indexes as benchmarks, to create investable products. The Company also offers Morningstar Wealth Platform, Wealthcraft and Smart IM.
Financial Overview
For the six months ended 30 June 2022, Morningstar, Inc. revenues increased 15% to $927.4M. Net income decreased 13% to $76.2M. Revenues reflect United States segment increase of 20% to $666.3M, Continental Europe segment increase of 10% to $82.5M. Net income was offset by Selling, General & Administrative Expens increase of 34% to $169.2M (expense), Stock Based Compensation-G&A increase from $10.6M to $22.8M (expense).
Employees: 10,767 as of Jun 30, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $11,530M as of Jun 30, 2022
Annual revenue (TTM): $1,819M as of Jun 30, 2022
EBITDA (TTM): $427.80M as of Jun 30, 2022
Net annual income (TTM): $181.70M as of Jun 30, 2022
Free cash flow (TTM): $172.50M as of Jun 30, 2022
Net Debt Last Fiscal Year: $759.60M as of Jun 30, 2022
Shares outstanding: 42,483,681 as of Jul 22, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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