Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

Morningstar, Inc.
Next earnings Jul 28, 2026 · consensus $2.88 EPS, $661M rev
Last earnings +2.1% on 2026-04-29
High-quality, recurring-revenue data franchise compounding revenue ~8% with a 30% ROE and aggressive buybacks, at a fair 17x.
Sources: SEC EDGAR (CIK 0001289419, latest 10-Q filed 2026-04-29) · EODHD · analysis by claude-code · as of 6/21/2026, 9:00:14 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Solid fundamentals at a roughly fair price — reasonable risk/reward at today's level.
Morningstar is a leading investment-data and analytics franchise (Morningstar Data, PitchBook, DBRS credit ratings, indexes and retirement solutions) with a sticky, largely subscription-based revenue model. FY2025 extended its steady compounding: revenue grew 7.5% to $2.45B and operating income rose 8.6% to $527M, lifting operating margin to 21.5%. The business generates strong cash — operating cash flow of $590M against $147M of capex — and earns an impressive 30.6% return on equity, reflecting the capital-light, high-recurring-revenue nature of data and analytics.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.70B | $1.87B | $2.04B | $2.28B | $2.45B |
| Gross profit | — | — | — | — | — |
| Operating income | $257M | $168M | $231M | $485M | $527M |
| Net income | $193M | $70.5M | $141M | $370M | $374M |
| Diluted EPS | $4.45 | $1.64 | $3.29 | $8.58 | $8.87 |
| Net margin | 11.4% | 3.8% | 6.9% | 16.3% | 15.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
8 sells · 1 member · last 180d
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1482 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 26 sales
| 2026-05-27 | Lyons William M Director | Sell | 700.00 @ $179.00 | $125K |
| 2026-05-22 | Mansueto Joseph D Executive Chairman | Sell | 317.00 @ $174.09 | $55.2K |
| 2026-05-22 | Mansueto Joseph D Executive Chairman | Sell | 114.00 @ $174.98 | $19.9K |
| 2026-05-22 | Mansueto Joseph D Executive Chairman | Sell | 741.00 @ $176.30 | $131K |
| 2026-05-22 | Mansueto Joseph D Executive Chairman | Sell | 578.00 @ $177.08 | $102K |
| 2026-05-22 | Mansueto Joseph D Executive Chairman | Sell | 293.00 @ $178.39 | $52.3K |
| 2026-05-22 | Mansueto Joseph D Executive Chairman | Sell | 227.00 @ $179.52 | $40.8K |
| 2026-05-21 | Mansueto Joseph D Executive Chairman | Sell | 5.08K @ $172.33 | $876K |
| 2026-05-21 | Mansueto Joseph D Executive Chairman | Sell | 1.94K @ $172.87 | $335K |
| 2026-05-21 | Mansueto Joseph D Executive Chairman | Sell | 234.00 @ $174.07 | $40.7K |
| 2026-05-20 | Mansueto Joseph D Executive Chairman | Sell | 5.70K @ $171.32 | $977K |
| 2026-05-20 | Mansueto Joseph D Executive Chairman | Sell | 1.25K @ $172.33 | $216K |