Morningstar Historical Income Statement

MORN Stock  USD 308.15  4.40  1.45%   
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.
  
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 tightly coupled 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

Morningstar Income Statement is one of the three primary financial statements used for reporting Morningstar's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Morningstar revenue and expense. Morningstar Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Morningstar's EBIT is very stable compared to the past year. As of the 28th of March 2024, EBITDA is likely to grow to about 488.8 M, while Income Before Tax is likely to drop about 140.1 M.

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 tightly coupled 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 EBIT is very stable compared to the past year. As of the 28th of March 2024, EBITDA is likely to grow to about 488.8 M, while Income Before Tax is likely to drop about 140.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.0B1.1B1.0B1.1B
Total Revenue1.7B1.9B2.1B2.2B

Morningstar income statement Correlations

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0.770.850.991.00.810.780.950.960.39-0.60.380.320.970.980.720.980.61-0.07-0.22-0.65-0.540.65-0.870.92
0.730.760.990.980.80.770.920.990.45-0.510.430.40.980.940.740.940.62-0.02-0.18-0.54-0.480.54-0.80.91
0.810.861.00.980.750.720.930.960.32-0.60.310.260.990.980.740.980.55-0.11-0.24-0.65-0.530.65-0.890.94
0.370.580.810.80.750.920.860.790.76-0.360.750.660.690.710.460.780.870.22-0.03-0.51-0.470.53-0.580.58
0.30.550.780.770.720.920.890.760.66-0.510.640.580.650.690.410.750.890.08-0.1-0.5-0.40.51-0.550.55
0.70.790.950.920.930.860.890.880.47-0.610.490.330.880.910.60.950.670.0-0.15-0.67-0.530.69-0.80.82
0.650.710.960.990.960.790.760.880.47-0.480.430.460.970.910.740.90.66-0.01-0.17-0.47-0.440.46-0.750.88
-0.04-0.020.390.450.320.760.660.470.470.280.990.850.30.20.090.30.720.640.50.1-0.13-0.080.010.2
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0.010.00.380.430.310.750.640.490.430.990.290.750.280.190.10.30.660.690.540.07-0.18-0.030.00.21
-0.23-0.10.320.40.260.660.580.330.460.850.20.750.260.150.060.210.760.320.260.160.13-0.210.080.1
0.810.80.970.980.990.690.650.880.970.3-0.540.280.260.960.780.940.48-0.12-0.21-0.56-0.450.56-0.850.96
0.820.930.980.940.980.710.690.910.910.2-0.710.190.150.960.760.980.52-0.24-0.36-0.74-0.560.76-0.950.92
0.610.680.720.740.740.460.410.60.740.09-0.460.10.060.780.760.670.31-0.24-0.25-0.51-0.30.52-0.70.78
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-0.010.380.610.620.550.870.890.670.660.72-0.350.660.760.480.520.310.560.11-0.07-0.33-0.340.34-0.370.33
-0.13-0.38-0.07-0.02-0.110.220.080.0-0.010.640.640.690.32-0.12-0.24-0.24-0.140.110.620.4-0.28-0.370.38-0.19
-0.16-0.43-0.22-0.18-0.24-0.03-0.1-0.15-0.170.50.790.540.26-0.21-0.36-0.25-0.26-0.070.620.40.21-0.450.42-0.21
-0.63-0.89-0.65-0.54-0.65-0.51-0.5-0.67-0.470.10.750.070.16-0.56-0.74-0.51-0.74-0.330.40.40.55-0.950.84-0.52
-0.5-0.63-0.54-0.48-0.53-0.47-0.4-0.53-0.44-0.130.41-0.180.13-0.45-0.56-0.3-0.59-0.34-0.280.210.55-0.620.6-0.39
0.640.930.650.540.650.530.510.690.46-0.08-0.8-0.03-0.210.560.760.520.760.34-0.37-0.45-0.95-0.62-0.890.58
-0.82-0.99-0.87-0.8-0.89-0.58-0.55-0.8-0.750.010.780.00.08-0.85-0.95-0.7-0.92-0.370.380.420.840.6-0.89-0.86
0.860.810.920.910.940.580.550.820.880.2-0.540.210.10.960.920.780.90.33-0.19-0.21-0.52-0.390.58-0.86
Click cells to compare fundamentals

Morningstar Account Relationship Matchups

Morningstar income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization98.2M135.9M152M157.8M184.9M194.1M
Interest Expense11.1M9.5M8.7M28.4M60.7M63.7M
Total Revenue1.2B1.4B1.7B1.9B2.1B2.2B
Gross Profit695.9M833.1M1.0B1.1B1.0B1.1B
Other Operating Expenses989.4M1.2B1.4B1.7B1.8B1.9B
Operating Income189.6M215.2M257M167.8M280.6M294.6M
Ebit189.6M215.2M257M167.8M280.6M294.6M
Ebitda287.8M351.1M409M325.6M465.5M488.8M
Total Operating Expenses506.3M617.9M743.9M923.5M757.3M795.2M
Income Before Tax198.5M283M250.5M130.6M174.1M140.1M
Total Other Income Expense Net8.9M67.8M(6.5M)(37.2M)(106.5M)(101.2M)
Net Income152M223.6M193.3M70.5M141.1M99.9M
Income Tax Expense45.6M59.7M62.6M56.5M33M41.6M
Selling General Administrative210.7M272M318.4M400.4M355.8M373.6M
Selling And Marketing Expenses177.9M206.4M274.8M356.5M423.8M445.0M
Research Development61.1M53.9M59.9M64.3M73.9M77.6M
Cost Of Revenue483.1M556.4M698.4M779.3M1.0B1.1B
Net Income Applicable To Common Shares244.1M223.3M187.9M74.1M85.2M131.7M
Net Income From Continuing Ops244.1M223.3M187.9M74.1M70.9M67.4M
Non Operating Income Net Other17.6M77.6M7.6M(12.4M)(14.3M)(13.5M)
Tax Provision45.6M59.7M62.6M56.5M45.3M43.3M
Interest Income2.3M2.4M1.6M1.7M7.2M7.6M
Net Interest Income(1.8M)(8.7M)(9.5M)(28.4M)(51.3M)(48.7M)
Reconciled Depreciation117.7M139.5M150.7M166.6M183.2M148.6M

Morningstar Investors Sentiment

The influence of Morningstar's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Morningstar. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Morningstar's public news can be used to forecast risks associated with an investment in Morningstar. The trend in average sentiment can be used to explain how an investor holding Morningstar can time the market purely based on public headlines and social activities around Morningstar. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Morningstar's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Morningstar's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Morningstar's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Morningstar.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Morningstar in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Morningstar's short interest history, or implied volatility extrapolated from Morningstar options trading.

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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:
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 tightly coupled 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.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Morningstar's price analysis, check to measure Morningstar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Morningstar is operating at the current time. Most of Morningstar's value examination focuses on studying past and present price action to predict the probability of Morningstar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Morningstar's price. Additionally, you may evaluate how the addition of Morningstar to your portfolios can decrease your overall portfolio volatility.
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Is Morningstar's industry 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
21.285
Dividend Share
1.53
Earnings Share
3.28
Revenue Per Share
47.854
Quarterly Revenue Growth
0.134
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.