Morningstar, Inc. (OQ:MORN)
Business Focus: Financial Information Providers
| Sector: Industrials | Industry: Professional Information Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 22 W Washington St CHICAGO IL 60602 |
| Tel: | N/A |
| Website: | https://www.morningstar.com |
| 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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