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Morningstar, Inc.

NASDAQ•MORN
執行長: Mr. Joseph D. Mansueto
板塊: Financial Services
行業: Financial - Data & Stock Exchanges
上市日期: 2005-05-03
Morningstar, Inc. provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement. The company offers managing investments, including mutual funds, ETFs, separate accounts, collective investment trusts, model portfolios, equities, and fixed income securities; Morningstar Direct is an investment-analysis and reporting platform; Morningstar Advisor Workstation, a suite of tool to provide help and advice. The PitchBook segment provides data and research covering the private capital markets comprising venture capital, private equity, private credit and bank loans, and merger and acquisition activities; and pitchbook platform. It provides model portfolios and wealth platforms; Morningstar Managed Portfolios, an advisor service with model portfolios designed for fee-based independent financial advisors; and Morningstar.com that discovers, evaluates, and monitors stocks, ETFs, and mutual funds; build and monitor portfolios and markets. In addition, the company provides credit ratings, research, data, and credit analytics solutions; Morningstar DBRS which offers securitizations and other structured finance instruments, such as asset-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities, and collateralized loan obligations. Further, it offers managed retirement accounts, fiduciary services, Morningstar Lifetime Allocation funds, and custom models; Morningstar Indexes offers market indexes used for performance benchmarks and as the basis for investment products and other portfolio strategies; and Morningstar Sustainalytics provides environmental, social and governance data, research, analysis, and insights. Morningstar, Inc. was incorporated in 1984 and is headquartered in Chicago, Illinois.
聯絡資訊
22 West Washington Street, Chicago, IL, 60602, United States
312-696-6000
www.morningstar.com
市值
$7.54B
本益比 (TTM)
19.8
31.4
股息率
1.0%
52周最高
$316.71
52周最低
$149.08
52周範圍
20%
排名33Top 25.7%
4.8
F-Score
改良版 Piotroski 分析
基於 10 年期基本面
一般 • 4.8 / 9 分
評分區間 (0-9)
8-9: 價值優異
6-7: 基本面強勁
4-5: 整體穩健
0-3: 表現疲弱
資料區間: 2016-2025

財務儀表板

Q4 2025 數據

營業收入

$641.10M+0.00%
近4季度走勢

每股收益

$2.84+0.00%
近4季度走勢

自由現金流

$161.30M+0.00%
近4季度走勢

2025 Annual 財報亮點

核心亮點

Consolidated Revenue Growth Consolidated revenue reached $2,445.5M in 2025, marking 7.5% growth; organic revenue increased 8.0%.
Adjusted Income Improvement Adjusted operating income grew 18.0% to $582.9M, reflecting 2.1 pp expansion in adjusted operating margin.
Credit Segment Strong Performance Morningstar Credit revenue surged 21.7% to $354.4M, driven by strong transaction-based revenue growth.
Data Renewal Rate Rises Morningstar Data renewal rate improved to 101% in 2025, up from 99% in 2024, showing client retention.

關注風險

Brand Independence Reputation Reputation risks negative impact from allegations of conflicts of interest or lack of independence in ratings/research.
Pace of Innovation Failure Failing to create innovative, proprietary offerings or keep pace with technology trends may harm competitive position.
Economic Market Volatility Changing economic conditions, recessions, and fluctuating interest rates may negatively impact asset-based revenue.
Cybersecurity Data Protection Failure to protect confidential information via cybersecurity measures risks operational disruption and reputational harm.

未來展望

AI Native Strategy Focus Strategy centers on becoming AI-native, rethinking processes to improve insight speed and quality across workflows.
Index Capabilities Expansion Completed CRSP acquisition in February 2026 to significantly enhance index and data capabilities for growth.
New Share Repurchase Program New $1.0B share repurchase program authorized, replacing the prior program completed during 2025.
Language of Markets Goal Strategic priority to become the trusted universal language for both public and private capital markets data.

同行對比

營業收入 (TTM)

WAL stock ticker logoWAL
$5.29B
+5.6%
FHN stock ticker logoFHN
$4.91B
-0.5%
UMBF stock ticker logoUMBF
$4.44B
+68.5%

毛利率 (最新季度)

SSB stock ticker logoSSB
72.0%
+4.0pp
FHN stock ticker logoFHN
70.3%
+9.6pp
XP stock ticker logoXP
67.4%
+4.3pp

關鍵指標

股票代碼
市值
本益比 (TTM)
股東權益報酬率 (TTM)
負債率
WBS$10.84B10.710.7%5.1%
FHN$10.70B10.911.1%5.5%
SEIC$9.78B13.630.3%0.3%

長期趨勢

近4季度
營業收入
淨利
營運現金流
4季度營業收入複合增長率
3.3%
溫和增長
4季度淨利複合增長率
13.6%
盈利能力逐步提升
現金流穩定性
100%
現金流表現優異

深度研究

下次財報:2026年4月28日
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