Morningstar Historical Income Statement

MORN Stock

USD 354.15 1.50 0.42%

Historical analysis of Morningstar income statement accounts such as Gross Profit of 1.1 B can show how well Morningstar performed in making a profits. Evaluating Morningstar income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Morningstar's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Morningstar latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Morningstar is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morningstar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Morningstar Stock, please use our How to Invest in Morningstar guide.

About Morningstar Income Statement Analysis

Morningstar Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Morningstar shareholders. The income statement also shows Morningstar investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Morningstar Income Statement Chart

At this time, Morningstar's Income Tax Expense is very stable compared to the past year. As of the 30th of November 2024, Selling General Administrative is likely to grow to about 373.6 M, while Operating Income is likely to drop about 134.3 M.

Total Revenue Gross Profit Other Operating Expenses Ebitda Non Recurring

Total Revenue

Total revenue comprises all receipts Morningstar generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Morningstar minus its cost of goods sold. It is profit before Morningstar operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Morningstar. It is also known as Morningstar overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Morningstar's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Morningstar current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morningstar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Morningstar Stock, please use our How to Invest in Morningstar guide.At this time, Morningstar's Income Tax Expense is very stable compared to the past year. As of the 30th of November 2024, Selling General Administrative is likely to grow to about 373.6 M, while Operating Income is likely to drop about 134.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.0B	1.1B	1.0B	1.1B
Total Revenue	1.7B	1.9B	2.0B	2.1B

Gross Profit Total Revenue

Morningstar income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Research Development	Cost Of Revenue	Extraordinary Items	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.7	0.64	0.6	0.69	-0.07	-0.27	0.34	0.62	-0.21	-0.44	-0.19	-0.21	0.72	0.72	0.51	0.67	-0.06	-0.53	-0.29	-0.58	-0.06	0.54	-0.74	0.8
Interest Expense	0.7		0.84	0.75	0.86	0.19	0.06	0.33	0.83	-0.02	-0.62	0.0	-0.1	0.8	0.93	0.74	0.91	0.38	-0.38	-0.43	-0.89	-0.63	0.93	-0.99	0.81
Total Revenue	0.64	0.84		0.98	1.0	0.58	0.44	0.7	0.99	0.4	-0.47	0.38	0.33	0.97	0.97	0.8	0.98	0.61	-0.07	-0.22	-0.64	-0.54	0.64	-0.86	0.92
Gross Profit	0.6	0.75	0.98		0.98	0.63	0.48	0.75	0.99	0.46	-0.41	0.44	0.41	0.98	0.94	0.81	0.93	0.63	0.0	-0.17	-0.52	-0.47	0.52	-0.78	0.91
Other Operating Expenses	0.69	0.86	1.0	0.98		0.51	0.37	0.67	0.99	0.32	-0.49	0.31	0.25	0.98	0.98	0.81	0.98	0.55	-0.11	-0.24	-0.65	-0.54	0.66	-0.89	0.94
Operating Income	-0.07	0.19	0.58	0.63	0.51		0.87	0.79	0.58	0.93	0.03	0.9	0.82	0.48	0.41	0.4	0.49	0.81	0.46	0.18	-0.01	-0.24	0.09	-0.21	0.41
Ebit	-0.27	0.06	0.44	0.48	0.37	0.87		0.76	0.43	0.89	0.11	0.9	0.67	0.32	0.26	0.25	0.36	0.74	0.66	0.38	0.06	-0.36	0.0	-0.06	0.23
Ebitda	0.34	0.33	0.7	0.75	0.67	0.79	0.76		0.68	0.7	-0.09	0.72	0.49	0.68	0.57	0.46	0.63	0.55	0.32	0.24	-0.05	-0.23	0.16	-0.39	0.7
Total Operating Expenses	0.62	0.83	0.99	0.99	0.99	0.58	0.43	0.68		0.39	-0.49	0.37	0.35	0.97	0.97	0.83	0.96	0.65	-0.11	-0.25	-0.62	-0.52	0.63	-0.86	0.91
Income Before Tax	-0.21	-0.02	0.4	0.46	0.32	0.93	0.89	0.7	0.39		0.34	0.99	0.85	0.3	0.2	0.25	0.3	0.72	0.64	0.5	0.1	-0.13	-0.08	0.01	0.2
Total Other Income Expense Net	-0.44	-0.62	-0.47	-0.41	-0.49	0.03	0.11	-0.09	-0.49	0.34		0.37	0.17	-0.44	-0.58	-0.3	-0.52	-0.31	0.66	0.85	0.56	0.28	-0.6	0.62	-0.43
Net Income	-0.19	0.0	0.38	0.44	0.31	0.9	0.9	0.72	0.37	0.99	0.37		0.75	0.28	0.19	0.27	0.3	0.66	0.69	0.54	0.07	-0.18	-0.03	0.0	0.21
Income Tax Expense	-0.21	-0.1	0.33	0.41	0.25	0.82	0.67	0.49	0.35	0.85	0.17	0.75		0.26	0.15	0.12	0.21	0.76	0.32	0.26	0.16	0.13	-0.21	0.08	0.1
Selling General Administrative	0.72	0.8	0.97	0.98	0.98	0.48	0.32	0.68	0.97	0.3	-0.44	0.28	0.26		0.96	0.81	0.94	0.48	-0.12	-0.21	-0.56	-0.45	0.56	-0.85	0.96
Selling And Marketing Expenses	0.72	0.93	0.97	0.94	0.98	0.41	0.26	0.57	0.97	0.2	-0.58	0.19	0.15	0.96		0.82	0.98	0.52	-0.24	-0.36	-0.74	-0.56	0.76	-0.95	0.92
Research Development	0.51	0.74	0.8	0.81	0.81	0.4	0.25	0.46	0.83	0.25	-0.3	0.27	0.12	0.81	0.82		0.76	0.43	-0.02	-0.22	-0.58	-0.56	0.6	-0.75	0.78
Cost Of Revenue	0.67	0.91	0.98	0.93	0.98	0.49	0.36	0.63	0.96	0.3	-0.52	0.3	0.21	0.94	0.98	0.76		0.56	-0.14	-0.26	-0.74	-0.59	0.76	-0.92	0.9
Extraordinary Items	-0.06	0.38	0.61	0.63	0.55	0.81	0.74	0.55	0.65	0.72	-0.31	0.66	0.76	0.48	0.52	0.43	0.56		0.11	-0.07	-0.33	-0.34	0.34	-0.37	0.33
Net Income From Continuing Ops	-0.53	-0.38	-0.07	0.0	-0.11	0.46	0.66	0.32	-0.11	0.64	0.66	0.69	0.32	-0.12	-0.24	-0.02	-0.14	0.11		0.62	0.4	-0.28	-0.37	0.38	-0.19
Non Operating Income Net Other	-0.29	-0.43	-0.22	-0.17	-0.24	0.18	0.38	0.24	-0.25	0.5	0.85	0.54	0.26	-0.21	-0.36	-0.22	-0.26	-0.07	0.62		0.4	0.21	-0.45	0.42	-0.21
Non Recurring	-0.58	-0.89	-0.64	-0.52	-0.65	-0.01	0.06	-0.05	-0.62	0.1	0.56	0.07	0.16	-0.56	-0.74	-0.58	-0.74	-0.33	0.4	0.4		0.55	-0.95	0.84	-0.52
Tax Provision	-0.06	-0.63	-0.54	-0.47	-0.54	-0.24	-0.36	-0.23	-0.52	-0.13	0.28	-0.18	0.13	-0.45	-0.56	-0.56	-0.59	-0.34	-0.28	0.21	0.55		-0.62	0.6	-0.39
Interest Income	0.54	0.93	0.64	0.52	0.66	0.09	0.0	0.16	0.63	-0.08	-0.6	-0.03	-0.21	0.56	0.76	0.6	0.76	0.34	-0.37	-0.45	-0.95	-0.62		-0.89	0.58
Net Interest Income	-0.74	-0.99	-0.86	-0.78	-0.89	-0.21	-0.06	-0.39	-0.86	0.01	0.62	0.0	0.08	-0.85	-0.95	-0.75	-0.92	-0.37	0.38	0.42	0.84	0.6	-0.89		-0.86
Reconciled Depreciation	0.8	0.81	0.92	0.91	0.94	0.41	0.23	0.7	0.91	0.2	-0.43	0.21	0.1	0.96	0.92	0.78	0.9	0.33	-0.19	-0.21	-0.52	-0.39	0.58	-0.86

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Morningstar Account Relationship Matchups

Morningstar income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	171.9K	139.5M	150.7M	166.6M	184.9M	194.1M
Interest Expense	11.1M	9.5M	8.7M	28.4M	60.7M	63.7M
Total Revenue	1.2B	1.4B	1.7B	1.9B	2.0B	2.1B
Gross Profit	695.9M	833.1M	1.0B	1.1B	1.0B	1.1B
Other Operating Expenses	989.4M	1.2B	1.4B	1.7B	1.8B	1.9B
Operating Income	189.6M	215.2M	257M	167.8M	230.6M	134.3M
Ebit	287.6M	294.4M	266.3M	157.1M	234.8M	157.1M
Ebitda	287.8M	433.9M	417M	323.7M	419.7M	216.7M
Total Operating Expenses	506.3M	617.9M	743.9M	923.5M	964.5M	1.0B
Income Before Tax	198.5M	283M	250.5M	130.6M	174.1M	140.1M
Total Other Income Expense Net	8.9M	67.8M	(6.5M)	(37.2M)	(56.5M)	(53.7M)
Net Income	152M	223.6M	193.3M	70.5M	141.1M	99.9M
Income Tax Expense	45.6M	59.7M	62.6M	56.5M	33M	41.6M
Selling General Administrative	210.7M	272M	318.4M	400.4M	355.8M	373.6M
Selling And Marketing Expenses	177.9M	206.4M	274.8M	356.5M	423.8M	445.0M
Research Development	61.1M	53.9M	59.9M	64.3M	81.2M	85.3M
Cost Of Revenue	483.1M	556.4M	698.4M	779.3M	1.0B	1.1B
Net Income Applicable To Common Shares	244.1M	223.3M	187.9M	74.1M	85.2M	131.7M
Net Income From Continuing Ops	244.1M	223.3M	187.9M	74.1M	70.9M	67.4M
Non Operating Income Net Other	17.6M	77.6M	7.6M	(12.4M)	(14.3M)	(13.5M)
Tax Provision	45.6M	59.7M	62.6M	56.5M	45.3M	43.3M
Interest Income	2.3M	2.4M	1.6M	1.7M	7.2M	7.6M
Net Interest Income	(1.8M)	(8.7M)	(9.5M)	(28.4M)	(51.3M)	(48.7M)
Reconciled Depreciation	117.7M	139.5M	150.7M	166.6M	183.2M	148.6M

Pair Trading with Morningstar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Morningstar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Morningstar will appreciate offsetting losses from the drop in the long position's value.

Moving together with Morningstar Stock

0.87	VALU	Value Line	Pair Corr
0.79	CME	CME Group	Pair Corr
0.83	FDS	FactSet Research Systems	Pair Corr

The ability to find closely correlated positions to Morningstar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morningstar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Morningstar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Morningstar to buy it.

The correlation of Morningstar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Morningstar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morningstar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Morningstar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Morningstar offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Morningstar's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Morningstar Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Morningstar Stock:

How To Invest In Morningstar

Details

Is Morningstar Stock a good investment?

Details

What is Morningstar's Net Worth?

Details

Largest Financial Exchanges & Data Companies

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Largest Financial Data & Stock Exchanges Companies

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To learn how to invest in Morningstar Stock, please use our How to Invest in Morningstar guide.

You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Is Financial Exchanges & Data space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Morningstar. If investors know Morningstar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Morningstar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

2.044

Dividend Share

1.615

Earnings Share

7.57

Revenue Per Share

51.995

Quarterly Revenue Growth

0.105

The market value of Morningstar is measured differently than its book value, which is the value of Morningstar that is recorded on the company's balance sheet. Investors also form their own opinion of Morningstar's value that differs from its market value or its book value, called intrinsic value, which is Morningstar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Morningstar's market value can be influenced by many factors that don't directly affect Morningstar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Morningstar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Morningstar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Morningstar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Morningstar Historical Income Statement

About Morningstar Income Statement Analysis

Morningstar Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Morningstar income statement Correlations

Morningstar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Morningstar income statement Accounts

Pair Trading with Morningstar

Moving together with Morningstar Stock

COMMON DESTINATIONS

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Other Operating Expenses	+ 1.0	Total Revenue
Total Operating Expenses	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.99	Gross Profit
Total Operating Expenses	+ 0.99	Other Operating Expenses
Net Income	+ 0.99	Income Before Tax
Gross Profit	+ 0.98	Total Revenue

Net Interest Income	- 0.99	Interest Expense
Interest Income	- 0.95	Non Recurring
Net Interest Income	- 0.95	Selling And Marketing Expenses
Net Interest Income	- 0.92	Cost Of Revenue
Net Interest Income	- 0.89	Interest Income
Net Interest Income	- 0.89	Other Operating Expenses