Morningstar Income Statement Research

MORN Stock

USD 302.36 0.00 0.00%

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 Morningstar Valuation and Morningstar Correlation analysis.

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 25th of April 2024, EBITDA is likely to grow to about 488.8 M, while Income Before Tax is likely to drop about 140.1 M.

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 25th of April 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 Profit	1.0B	1.1B	1.0B	1.1B
Total Revenue	1.7B	1.9B	2.1B	2.2B

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		0.8	0.77	0.73	0.81	0.37	0.3	0.7	0.65	-0.04	-0.47	0.01	-0.23	0.81	0.82	0.61	0.81	-0.01	-0.13	-0.16	-0.63	-0.5	0.64	-0.82	0.86
Interest Expense	0.8		0.85	0.76	0.86	0.58	0.55	0.79	0.71	-0.02	-0.8	0.0	-0.1	0.8	0.93	0.68	0.91	0.38	-0.38	-0.43	-0.89	-0.63	0.93	-0.99	0.81
Total Revenue	0.77	0.85		0.99	1.0	0.81	0.78	0.95	0.96	0.39	-0.6	0.38	0.32	0.97	0.98	0.72	0.98	0.61	-0.07	-0.22	-0.65	-0.54	0.65	-0.87	0.92
Gross Profit	0.73	0.76	0.99		0.98	0.8	0.77	0.92	0.99	0.45	-0.51	0.43	0.4	0.98	0.94	0.74	0.94	0.62	-0.02	-0.18	-0.54	-0.48	0.54	-0.8	0.91
Other Operating Expenses	0.81	0.86	1.0	0.98		0.75	0.72	0.93	0.96	0.32	-0.6	0.31	0.26	0.99	0.98	0.74	0.98	0.55	-0.11	-0.24	-0.65	-0.53	0.65	-0.89	0.94
Operating Income	0.37	0.58	0.81	0.8	0.75		0.92	0.86	0.79	0.76	-0.36	0.75	0.66	0.69	0.71	0.46	0.78	0.87	0.22	-0.03	-0.51	-0.47	0.53	-0.58	0.58
Ebit	0.3	0.55	0.78	0.77	0.72	0.92		0.89	0.76	0.66	-0.51	0.64	0.58	0.65	0.69	0.41	0.75	0.89	0.08	-0.1	-0.5	-0.4	0.51	-0.55	0.55
Ebitda	0.7	0.79	0.95	0.92	0.93	0.86	0.89		0.88	0.47	-0.61	0.49	0.33	0.88	0.91	0.6	0.95	0.67	0.0	-0.15	-0.67	-0.53	0.69	-0.8	0.82
Total Operating Expenses	0.65	0.71	0.96	0.99	0.96	0.79	0.76	0.88		0.47	-0.48	0.43	0.46	0.97	0.91	0.74	0.9	0.66	-0.01	-0.17	-0.47	-0.44	0.46	-0.75	0.88
Income Before Tax	-0.04	-0.02	0.39	0.45	0.32	0.76	0.66	0.47	0.47		0.28	0.99	0.85	0.3	0.2	0.09	0.3	0.72	0.64	0.5	0.1	-0.13	-0.08	0.01	0.2
Total Other Income Expense Net	-0.47	-0.8	-0.6	-0.51	-0.6	-0.36	-0.51	-0.61	-0.48	0.28		0.29	0.2	-0.54	-0.71	-0.46	-0.67	-0.35	0.64	0.79	0.75	0.41	-0.8	0.78	-0.54
Net Income	0.01	0.0	0.38	0.43	0.31	0.75	0.64	0.49	0.43	0.99	0.29		0.75	0.28	0.19	0.1	0.3	0.66	0.69	0.54	0.07	-0.18	-0.03	0.0	0.21
Income Tax Expense	-0.23	-0.1	0.32	0.4	0.26	0.66	0.58	0.33	0.46	0.85	0.2	0.75		0.26	0.15	0.06	0.21	0.76	0.32	0.26	0.16	0.13	-0.21	0.08	0.1
Selling General Administrative	0.81	0.8	0.97	0.98	0.99	0.69	0.65	0.88	0.97	0.3	-0.54	0.28	0.26		0.96	0.78	0.94	0.48	-0.12	-0.21	-0.56	-0.45	0.56	-0.85	0.96
Selling And Marketing Expenses	0.82	0.93	0.98	0.94	0.98	0.71	0.69	0.91	0.91	0.2	-0.71	0.19	0.15	0.96		0.76	0.98	0.52	-0.24	-0.36	-0.74	-0.56	0.76	-0.95	0.92
Research Development	0.61	0.68	0.72	0.74	0.74	0.46	0.41	0.6	0.74	0.09	-0.46	0.1	0.06	0.78	0.76		0.67	0.31	-0.24	-0.25	-0.51	-0.3	0.52	-0.7	0.78
Cost Of Revenue	0.81	0.91	0.98	0.94	0.98	0.78	0.75	0.95	0.9	0.3	-0.67	0.3	0.21	0.94	0.98	0.67		0.56	-0.14	-0.26	-0.74	-0.59	0.76	-0.92	0.9
Extraordinary Items	-0.01	0.38	0.61	0.62	0.55	0.87	0.89	0.67	0.66	0.72	-0.35	0.66	0.76	0.48	0.52	0.31	0.56		0.11	-0.07	-0.33	-0.34	0.34	-0.37	0.33
Net Income From Continuing Ops	-0.13	-0.38	-0.07	-0.02	-0.11	0.22	0.08	0.0	-0.01	0.64	0.64	0.69	0.32	-0.12	-0.24	-0.24	-0.14	0.11		0.62	0.4	-0.28	-0.37	0.38	-0.19
Non Operating Income Net Other	-0.16	-0.43	-0.22	-0.18	-0.24	-0.03	-0.1	-0.15	-0.17	0.5	0.79	0.54	0.26	-0.21	-0.36	-0.25	-0.26	-0.07	0.62		0.4	0.21	-0.45	0.42	-0.21
Non Recurring	-0.63	-0.89	-0.65	-0.54	-0.65	-0.51	-0.5	-0.67	-0.47	0.1	0.75	0.07	0.16	-0.56	-0.74	-0.51	-0.74	-0.33	0.4	0.4		0.55	-0.95	0.84	-0.52
Tax Provision	-0.5	-0.63	-0.54	-0.48	-0.53	-0.47	-0.4	-0.53	-0.44	-0.13	0.41	-0.18	0.13	-0.45	-0.56	-0.3	-0.59	-0.34	-0.28	0.21	0.55		-0.62	0.6	-0.39
Interest Income	0.64	0.93	0.65	0.54	0.65	0.53	0.51	0.69	0.46	-0.08	-0.8	-0.03	-0.21	0.56	0.76	0.52	0.76	0.34	-0.37	-0.45	-0.95	-0.62		-0.89	0.58
Net Interest Income	-0.82	-0.99	-0.87	-0.8	-0.89	-0.58	-0.55	-0.8	-0.75	0.01	0.78	0.0	0.08	-0.85	-0.95	-0.7	-0.92	-0.37	0.38	0.42	0.84	0.6	-0.89		-0.86
Reconciled Depreciation	0.86	0.81	0.92	0.91	0.94	0.58	0.55	0.82	0.88	0.2	-0.54	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

Click cells to compare fundamentals

Morningstar Account Relationship Matchups

Morningstar income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	11.1M	9.5M	8.7M	28.4M	60.7M	63.7M
Total Revenue	1.2B	1.4B	1.7B	1.9B	2.1B	2.2B
Gross Profit	695.9M	833.1M	1.0B	1.1B	1.0B	1.1B
Operating Income	189.6M	215.2M	257M	167.8M	280.6M	294.6M
Ebit	189.6M	215.2M	257M	167.8M	280.6M	294.6M
Ebitda	287.8M	351.1M	409M	325.6M	465.5M	488.8M
Income Before Tax	198.5M	283M	250.5M	130.6M	174.1M	140.1M
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
Research Development	61.1M	53.9M	59.9M	64.3M	73.9M	77.6M
Cost Of Revenue	483.1M	556.4M	698.4M	779.3M	1.0B	1.1B
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)

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:

How To Invest In Morningstar

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Is Morningstar Stock a good investment?

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What is Morningstar's Net Worth?

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Largest Financial Exchanges & Data Companies

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Check out Morningstar Valuation and Morningstar Correlation analysis.

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

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Morningstar Stock analysis

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.

	Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon
	Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets
	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
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	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years

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

3.3

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.

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Morningstar Income Statement Research

Morningstar income statement Correlations

Morningstar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Morningstar income statement Accounts

Morningstar Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Morningstar Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Gross Profit	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.99	Gross Profit
Selling General Administrative	+ 0.99	Other Operating Expenses
Net Income	+ 0.99	Income Before Tax
Selling And Marketing Expenses	+ 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