OakChart

Morningstar Inc

MORNFinancial·Financial Data & Stock Exchanges·USA·Mid·NASD·Nov 11 • 12:40 PM ET

245.13-1.34 (-0.54%)
2026-11-11 18:40 CET
Market cap
9,145.10 USD m
Revenue, TTM
2,621.20 USD m
Net income, TTM
445.50 USD m
Free cash flow, TTM
492.80 USD m
EPS diluted, TTM
11.44
P/E
21.43
Compare

Price

MORN against its 20, 50 and 200-day averages
2050200beat
150.00175.00200.00225.00250.00575K1.2MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MORNclose 245.1320-day 227.4750-day 210.35200-day 187.02245.1352w low

1.5% under the 52-week high of 248.88 on 5 Nov 2026. 52-week low 141.49 on 25 Jun 2026. Last 15 sessions, 16.9% high to low

Profile

MORN
52-week range, 97% of the way up
141.49248.88

Morningstar, Inc. engages in the provision of investment research. It offers Morningstar data, direct, investment management, advisor workstation, workplace solutions, pitchbook data, enterprise components, research, credit ratings and indexes. It operates through the following segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The Morningstar Direct Platform segment provides investors comprehensive data, research and insights, and investment analysis to empower investment decision-making. It includes product areas such as Morningstar Data, Morningstar Direct, and Morningstar Advisor Workstation. The PitchBook segment provides investors access to data, proprietary research, analytics, and AI-enabled software across private capital markets, including venture capital, private equity, private credit, bank loans, and M&A. The platform offers access to Morningstar's public-equity data and research. The Morningstar Credit segment provides investors with credit ratings, research, data, and credit analytics solutions. Morningstar Credit includes the Morningstar DBRS product area and the Morningstar Credit data and credit analytics product areas. The Morningstar Wealth segment provides investment products, investor tools, and an advisor platform powered by research and data. Morningstar Wealth serves financial advisors through model portfolios, separately managed accounts, and an advisor platform powered by research and data, and individuals through Morningstar Investor. The Morningstar Retirement segment offers products designed to help individuals reach their retirement goals. The company was founded by Joseph D. Mansueto on May 16, 1984, and is headquartered in Chicago, IL.

IndexRUI
Employees10973
IPOMay 03, 2005
Beta0.89
ATR, 14d6.84
Rel volume0.40
Short float5.66%
Insider own47.87%
Inst own67.00%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap9.10B
Enterprise Value10.43B
Income445.50M
Sales2.62B
Book/sh27.64
Cash/sh14.14
Dividend Est.2.00 (0.82%)
Dividend TTM2.00 (0.82%)
Dividend Ex-DateOct 02, 2026
Dividend Gr. 3/5Y8.41% 8.80%
Payout21.03%
Employees10973
IPOMay 03, 2005

Ratios

P/E21.43
Forward P/E16.39
PEG0.82
P/S3.47
P/B8.87
P/C17.34
P/FCF18.46
EV/EBITDA12.45
EV/Sales3.98
Quick Ratio1.02
Current Ratio1.02
Debt/Eq1.81
LT Debt/Eq1.76
Option/ShortYes / Yes

Earnings

EPS (ttm)11.44
EPS next Y14.96
EPS next Q3.36
EPS this Y33.07%
EPS next Y13.99%
EPS next 5Y19.99%
EPS past 3/5Y75.39% 11.37%
Sales past 3/5Y9.34% 11.97%
EPS Y/Y TTM30.27%
Sales Y/Y TTM9.43%
EPS Q/Q41.10%
Sales Q/Q8.86%
EarningsOct 28 AMC
EPS/Sales Surpr.14.49% 1.11%

Ownership

Insider Own47.87%
Insider Trans-1.08%
Inst Own67.00%
Inst Trans3.67%
ROA11.87%
ROE35.08%
ROIC15.76%
Gross Margin55.23%
Oper. Margin24.13%
Profit Margin17.00%
SMA207.76%
SMA5016.54%
SMA20031.07%
Trades-

Technical

Shs Outstand37.10M
Shs Float19.34M
Short Float5.66%
Short Ratio3.80
Short Interest1.09M
52W High248.88 -1.51%
52W Low141.49 73.25%
Volatility2.51% 2.84%
ATR (14)6.84
RSI (14)70.73
Beta0.89
Rel Volume0.40
Avg Volume287.81K
Volume58,313

Performance

Perf Week0.36%
Perf Month19.94%
Perf Quarter18.48%
Perf Half Y47.47%
Perf YTD12.80%
Perf Year14.26%
Perf 3Y-7.89%
Perf 5Y-22.16%
Perf 10Y244.53%
Recom1.67
Target Price254.33
Prev Close246.47
Price245.13
Change %-0.54%

Analyst ratings

latest 8 of 8
DateActionAnalystRating changeTargetImplied
Oct 09, 2024DowngradeRRedburn AtlanticBuy → Neutral$340+38.7%
Oct 08, 2024InitiatedUUBSBuy$390+59.1%
Aug 12, 2024InitiatedBBMO Capital MarketsOutperform$352+43.6%
Oct 30, 2023UpgradeRRedburn AtlanticNeutral → Overweight$320+30.5%
Jan 11, 2023DowngradeRRedburnBuy → Neutral
Sep 20, 2022UpgradeRRedburnNeutral → Buy
Oct 31, 2008DowngradeKKeefe BruyetteOutperform → Mkt Perform$67 → $40-83.7%
May 02, 2008UpgradeKKeefe BruyetteMkt Perform → Outperform

Peers

Mkt cap
TickerCompanyMkt cap
FDSFactset Research Systems Inc11.78B
MSCIMSCI Inc46.90B
SPGIS&P Global Inc137.15B
MCOMoody's Corp88.03B
NDAQNasdaq Inc61.03B
VALUValue Line Inc394.76M
ICEIntercontinental Exchange Inc100.25B
MKTWMarketwise Inc350.27M
BRBroadridge Financial Solutions Inc21.68B
SSNCSS&C Technologies Holdings Inc18.54B

Insider trading

latest 14 of 81
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Mansueto Joseph DExecutive ChairmanNov 05 '26Sale246.987,2501,790,5908,587,179Nov 06 06:12 PM
Mansueto Joseph DExecutive ChairmanNov 04 '26Sale241.677,2501,752,1368,594,429Nov 04 05:55 PM
Mansueto Joseph DExecutive ChairmanNov 02 '26Sale233.067,2501,689,6728,608,583Nov 04 05:55 PM
Mansueto Joseph DExecutive ChairmanNov 03 '26Sale239.636,9041,654,3948,601,679Nov 04 05:55 PM
Mansueto Joseph DOfficerNov 02 '26Proposed Sale233.06100,00023,305,820Nov 02 04:43 PM
Mansueto Joseph DExecutive ChairmanAug 24 '26Sale218.845,6591,238,3947,938,192Aug 24 05:15 PM
Mansueto Joseph DExecutive ChairmanAug 20 '26Sale214.167,2501,552,6287,947,946Aug 21 04:47 PM
Mansueto Joseph DExecutive ChairmanAug 21 '26Sale216.754,095887,6097,943,851Aug 21 04:47 PM
Mansueto Joseph DExecutive ChairmanAug 18 '26Sale210.267,9061,662,3117,960,570Aug 19 05:31 PM
Mansueto Joseph DExecutive ChairmanAug 17 '26Sale207.047,2501,501,0687,969,696Aug 19 05:31 PM
Mansueto Joseph DExecutive ChairmanAug 19 '26Sale213.756,5941,409,4517,955,196Aug 19 05:31 PM
Mansueto Joseph DExecutive ChairmanAug 14 '26Sale206.887,2501,499,8637,976,946Aug 14 05:56 PM
Mansueto Joseph DExecutive ChairmanAug 13 '26Sale197.927,2501,434,9457,984,196Aug 14 05:56 PM
Mansueto Joseph DExecutive ChairmanAug 10 '26Sale201.847,2501,463,3707,999,670Aug 12 06:54 PM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.48B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
DFASU.S. Small Cap Portfolio-ETF Class Shares-
VBKVanguard Morningstar Small-Cap Growth ETFAUM: 22.34B
XMHQInvesco S&P MidCap Quality ETFAUM: 5.81B
VXFVanguard Extended Market Index ETFAUM: 30.47B
MDYState Street SPDR S&P MIDCAP 400 ETF TrustAUM: 26.22B
SPMDState Street SPDR Portfolio S&P 400TM Mid Cap ETFAUM: 18.90B
DFACU.S. Core Equity 2 Portfolio-ETF Class Shares-

News

latest 14 of 206
  • Morningstar Releases 2026 Medalist Ratings for 529 College Savings Plans, With 10 Upgrades and No Downgrades (Business Wire)
  • Why This Analyst Still Thinks Anthropic's IPO Will Get Done (Barrons.com)
  • Dividend ETFs Attract Strong Flows as Investors Diversify (The Daily Upside)
  • Do stocks rise or fall after elections? Here's what history says (USA TODAY)
  • These Stocks Top Buy Points After Positive Earnings Reports (Investor's Business Daily)
  • Loading…
  • Morningstar Releases New Details On Over 350K SF In Q3 Office Leases (Bisnow)
  • Steve Eisman Says AI Giants Have 'No Moats.' Morningstar's $57 Billion Math Says Otherwise (Benzinga Private Markets)
  • Morningstar: Q3 Earnings Snapshot (Associated Press)
  • Morningstar, Inc. Reports Third-Quarter 2026 Financial Results (Business Wire)
  • Is LUV Stock Too Expensive? Analyst Thinks Southwests Pricing Makeover Faces A Reality Check (Stocktwits)
  • Eaton Powers Sustainable Profits With Electrical Equipment (Investor's Business Daily)
  • Almost Half Of All People Who Retire At This Age Will Likely Run Out Of Money (Money Digest)
  • NFLX Stock Slips More Than 6% Premarket: Morningstar Sees 'Best Buying Opportunity' For Netflix Amid Negative Sentiment (Stocktwits)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-283.4803.0403.060672.1664.752
2026Q22026-07-293.1002.8292.829663.2649.712
2026Q12026-04-293.1802.4072.725644.8626.912
2025Q42026-02-122.7102.3602.828641.1634.432
2025Q32025-10-292.5502.4182.166617.4604.062
2025Q22025-07-302.4002.1942.094605.1604.572
2025Q12025-04-302.2302.0591.821581.9585.832
2024Q42025-02-262.1402.0632.712591580.842
2024Q32024-10-232.0002.0052.771569.4565.752
2024Q22024-07-242.010-1.603571.9--
2024Q12024-04-241.730-1.493542.8--
2023Q42024-02-221.970-1.709538.7--
2023Q32023-10-251.280-0.911515.5--
2023Q22023-07-261.600-0.844504.7--
2023Q12023-04-260.560--0.179479.7--
2022Q42023-02-230.580-0.077475--

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2018FY4.250-4.2561,020-
2019FY4.270-3.5191,179-
2020FY5.400-5.1761,390-
2021FY6.360-4.4541,699-
2022FY3.8704.6411.6431,8711,891
2023FY5.1204.6203.2892,0392,021
2024FY7.8907.8408.5822,2752,267
2025FY9.8609.4338.8702,4462,430
2026FY-13.121--2,674
2027FY-14.956--2,830
2028FY-17.033--2,994
2029FY-18.753--3,104

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-29210697.18689.85704.5
2026Q4S2026-10-28200683.56679.85687.28
2026Q4S2026-10-05200683.56679.85687.28
2026Q4S2026-07-30200682.74679.85685.62
2026Q4S2026-07-14200679.34675.1683.58
2026Q4S2026-07-06201679.34675.1683.58
2026Q4S2026-05-25201677.87675.1680.63
2026Q4S2026-04-30201677.87675.1680.63
2026Q4S2026-04-06200682.96674.53691.38
2026Q4S2026-03-25200683.78674.53693.02
2026Q4S2026-02-13200683.76674.5693.02
2026Q4S2026-01-13100672.25672.25672.25
2026Q4S2025-11-11110672.25672.25672.25
2026Q4S2025-11-10110672.25672.25672.25

Estimate history

EPS, annual3.184.2563.5195.1764.4541.6433.2898.5828.86711.4382
Period201720182019202020212022202320242025TTM
EPS, quarterly2.7712.7121.8212.0942.1662.8282.7252.8293.056
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual911.71019.911791389.51699.31870.62038.62275.12445.52621.2
Period201720182019202020212022202320242025TTM
Sales, quarterly569.4591581.9605.1617.4641.1644.8663.2672.1
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual42.54842.62442.84842.89843.13642.4842.72842.86939.74137.104
Period201720182019202020212022202320242025MRQ
Shares, quarterly42.88442.86942.50142.17741.50739.74138.02837.51437.104
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue2,621.202,445.502,275.102,038.601,870.601,699.301,389.501,179.001,019.90
Cost of Goods Sold Incl. D&A1,173.501,142.801,086.101,028.40945.90849.10695.90600.80507.80
Gross Profit1,447.701,302.701,189.001,010.20924.70850.20693.60578.20512.10
Selling, General and Administrative Excl. Other823.90779.60759.70757.30692.50548.80478.40382.10296.30
Other Operating Expense-8.60-2.200.000.000.000.000.000.000.00
Operating Income632.40525.30429.30252.90232.20301.40215.20196.10215.80
Interest Expense66.1040.0049.9060.7030.1010.4011.1011.104.10
Unusual Expense11.6021.408.5022.3064.4044.40-50.906.500.20
Net Income Before Taxes593.20495.70473.90174.10127.00255.90283.30197.60230.80
Income Taxes147.70121.50104.0033.0056.5062.6059.7045.6047.80
Consolidated Net Income445.50374.20369.90141.1070.50193.30223.60152.00183.00
Net Income From Continuing Operations445.50374.20369.90141.1070.50193.30223.60152.00183.00
Net Income445.50374.20369.90141.1070.50193.30223.60152.00183.00
EPS (Recurring)12.009.228.723.652.695.174.353.624.26
EPS (Basic, Before Extraordinaries)11.528.938.643.311.654.505.213.564.30
EPS (Diluted)11.448.878.583.291.644.455.183.524.26
EBITDA837.80715.20619.70437.80398.80452.10354.70313.80312.50
Non-Operating Income (Expense)38.5031.80103.004.20-10.709.3028.3019.1019.30
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense51.8945.1043.5042.5064.9033.0029.9034.4024.70
Price To Earnings Ratio21.5521.5544.45173.1375.8376.7044.7542.9525.83
Price To Sales Ratio2.743.756.386.024.978.737.205.544.63
Gross Margin55.2353.2752.2649.5549.4350.0349.9249.0450.21
Operating Margin24.1321.4818.8712.4112.4117.7415.4916.6321.16
Net Margin17.0015.3016.266.923.7711.3816.0912.8917.94
Shares Outstanding37.1039.7442.8742.7342.4843.1442.9042.8542.62
Market Capitalization9,145.109,145.1014,441.6812,222.399,193.4214,738.239,918.816,477.584,685.77

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue672.10663.20644.80641.10617.40605.10581.90591.00
Cost of Goods Sold Incl. D&A293.80292.80290.60296.30288.70279.10278.70280.60
Gross Profit378.30370.40354.20344.80328.70326.00303.20310.40
Selling, General and Administrative Excl. Other207.60215.40194.60206.30193.20197.90182.20203.30
Other Operating Expense0.00-6.80-0.90-0.90-0.50-0.800.000.00
Operating Income170.70161.80160.50139.40136.00128.90121.00107.10
Interest Expense20.0019.1015.6011.409.4010.308.9010.70
Unusual Expense3.301.204.602.508.203.806.902.90
Net Income Before Taxes153.90146.10141.70151.50123.00115.30105.90150.80
Income Taxes38.4038.3034.6036.4031.4026.3027.4033.90
Consolidated Net Income115.50107.80107.10115.1091.6089.0078.50116.90
Net Income From Continuing Operations115.50107.80107.10115.1091.6089.0078.50116.90
Net Income115.50107.80107.10115.1091.6089.0078.50116.90
EPS (Recurring)3.122.852.812.872.302.161.932.76
EPS (Basic, Before Extraordinaries)3.092.852.742.842.182.111.832.72
EPS (Diluted)3.062.832.732.832.172.091.822.71
EBITDA223.80215.30212.20186.50183.00177.40168.30155.50
Non-Operating Income (Expense)6.504.601.4026.004.600.500.7057.30
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense13.1121.578.538.6814.6914.547.1912.56
Price To Earnings Ratio21.5515.9018.9824.7124.6935.2434.9544.45
Price To Sales Ratio2.742.322.653.624.105.685.586.38
Gross Margin56.2955.8554.9353.7853.2453.8852.1152.52
Operating Margin25.4024.4024.8921.7422.0321.3020.7918.12
Net Margin17.1816.2516.6117.9514.8414.7113.4919.78
Shares Outstanding37.1037.5138.0339.7441.5142.1842.5042.87
Market Capitalization9,145.105,933.136,691.648,937.799,785.6513,263.2912,846.3414,441.68

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments528.70551.00389.00414.60546.10464.20367.50395.90353.30
Short Term Receivables406.60370.50344.50307.90277.80207.30194.80174.00148.20
Inventories0.000.000.000.000.000.000.000.000.00
Other Current Assets67.3053.4040.3047.6032.5037.4024.0016.9028.30
Total Current Assets1,002.60974.90773.80770.10856.40708.90586.30586.80529.80
Net Property, Plant & Equipment390.90400.10371.60391.00321.00302.80299.50143.50147.40
Total Investments and Advances50.3085.30100.2096.0063.3032.6059.6063.1062.00
Intangible Assets1,990.101,970.802,063.202,120.301,535.201,585.101,372.50630.60660.30
Deferred Tax Assets78.7043.2014.6010.8012.8012.6010.70--
Other Assets77.6074.6080.0086.6074.0054.0042.3029.806.20
Total Assets3,590.203,548.903,403.403,474.802,862.702,696.002,370.901,453.801,405.70
Short Term Debt Incl. Current Port. of LT Debt41.8035.1068.5069.4036.4039.9046.800.000.00
Accounts Payable97.9087.3078.4076.2076.5064.5058.9050.3018.00
Income Tax Payable24.0030.50-------
Other Current Liabilities889.60814.40733.90736.90670.60522.10390.10312.50305.20
Total Current Liabilities1,053.30967.30880.80882.50783.50626.50495.80362.80323.20
Long Term Debt1,219.30868.901,091.701,254.20495.10586.80640.8070.00180.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities27.2027.6035.6062.90101.70108.9095.0022.2023.60
Other Liabilities68.5066.5067.5068.1066.50102.4055.7064.1074.00
Total Liabilities2,368.301,930.302,075.602,267.701,446.801,424.601,287.30519.10600.80
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity1,221.901,618.601,327.801,207.101,415.901,271.401,083.60934.70804.90
Total Shareholders Equity1,221.901,618.601,327.801,207.101,415.901,271.401,083.60934.70804.90
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity1,221.901,618.601,327.801,207.101,415.901,271.401,083.60934.70804.90
Total Liabilities & Stockholders Equity3,590.203,548.903,403.403,474.802,862.702,696.002,370.901,453.801,405.70
Book Value Per Share30.7537.7631.0828.4232.8229.6425.2921.9318.92
Tangible Book Value Per Share-19.33-8.22-17.21-21.50-2.77-7.31-6.747.133.40
Full-Time Employees10,97311,08511,33412,2249,5567,9796,7375,4164,920
Price to Book Ratio8.929.229.827.8010.427.815.985.015.29
Return on Assets10.4810.644.102.226.958.837.9512.809.93
Return on Equity26.3525.1111.135.3814.3918.9915.0621.0418.24
Return on Invested Capital15.3314.875.832.8610.1212.038.8118.2113.90
Quick Ratio0.951.010.880.871.091.131.181.621.64
Current Ratio0.951.010.880.871.091.131.181.621.64

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income445.50374.20369.90141.1070.50193.30223.60152.00183.00
Depreciation205.40189.90190.40184.90166.60150.70139.50117.7096.70
Other Funds (Non Cash)29.2038.90-26.70-5.30110.0054.40-11.0029.2017.70
Funds from Operations647.10560.80498.80288.30309.80386.30345.40292.90296.30
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-5.2028.9092.8028.10-12.0063.6038.9041.5018.50
Income Taxes Payable16.40-8.0023.10-7.8018.90-6.108.00-11.60-12.40
Cash from Operating Activities641.90589.70591.60316.40297.80449.90384.30334.40314.80
Capital Expenditures-149.10-147.10-142.70-119.10-129.50-101.80-76.70-80.00-76.10
Net Assets From Acquisitions-359.50-39.000.00-0.80-646.70-24.80-67.80-681.90-0.40
Sale of Fixed Assets and Businesses0.000.0052.400.000.000.000.000.0010.50
Purchase or Sale of Investments38.0019.203.8037.90-22.90-41.0019.0015.7016.00
Purchase of Investments-22.40-26.30-23.30-19.40-65.90-100.90-63.10-37.70-43.10
Sale Or Maturity of Investments60.4045.5027.1057.3043.0059.9082.1053.4059.10
Other Uses0.000.000.000.00-0.20-0.100.00-0.100.00
Other Sources27.7027.6065.200.100.000.001.700.000.10
Cash from Investing Activities-442.90-139.30-21.30-81.90-799.30-167.70-123.80-746.30-49.90
Cash Dividends Paid-76.50-76.90-69.30-63.90-61.50-54.20-51.40-47.80-42.60
Change in Capital Stock-895.30-787.00-11.60-1.40-226.00-1.10-40.00-4.70-20.80
Repurchase of Common Pref Stock-895.30-787.00-11.60-1.40-226.00-1.30-41.90-4.90-20.90
Sale of Common Pref Stock0.000.000.000.000.000.201.900.200.10
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net830.60375.00-274.40-137.50750.90-90.00-63.40444.40-110.00
Change in Long Term Debt830.60375.00-274.40-137.50750.90-90.00-63.40444.40-110.00
Issuance of Long Term Debt1,590.001,175.0090.00260.001,125.0010.00410.00610.000.00
Reduction of Long Term Debt-759.40-800.00-364.40-397.50-374.10-100.00-473.40-165.60-110.00
Net Financing Active Other Cash Flow-29.70-25.80-29.10-75.60-48.30-66.50-27.40-18.20-15.40
Other Financing Activities Uses-29.70-25.80-29.10-75.60-48.30-66.50-27.40-18.20-15.40
Cash from Financing Activities-170.90-514.70-384.40-278.40415.10-211.80-182.20373.70-188.80
Exchange Rate Effect-5.6036.10-21.105.20-20.80-9.1010.103.00-15.00
Net Change in Cash22.50-28.20164.80-38.70-107.2061.3088.40-35.2061.10
Free Cash Flow492.80442.60448.90197.30168.30348.10307.60254.40238.70
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow17.2625.0838.2492.0587.0050.5039.0531.6424.09
Deferred Taxes & Investment Tax Credit--42.20-34.80-32.40-37.30-12.10-6.70-6.00-1.10

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments524.60523.80532.20528.70514.50541.60
Short Term Receivables435.80395.60418.00406.60376.80402.00
Inventories0.000.000.000.000.000.00
Other Current Assets71.4081.6076.6067.3053.0060.10
Total Current Assets1,031.801,001.001,026.801,002.60944.301,003.70
Net Property, Plant & Equipment400.00404.30400.80390.90390.30390.10
Total Investments and Advances51.0049.8050.3050.3071.8077.20
Intangible Assets2,295.702,314.802,338.601,990.102,010.702,031.50
Deferred Tax Assets93.9090.8086.0078.7065.7051.90
Other Assets78.7085.0083.8077.6074.8076.10
Total Assets3,951.103,945.703,986.303,590.203,557.603,630.50
Short Term Debt Incl. Current Port. of LT Debt58.6060.0060.9041.8039.9039.30
Accounts Payable101.7091.90104.6097.9090.4090.20
Income Tax Payable19.6014.7043.1024.009.608.00
Other Current Liabilities835.70813.70822.10889.60805.60783.50
Total Current Liabilities1,015.60980.301,030.701,053.30945.50921.00
Long Term Debt1,800.801,844.801,845.601,219.301,002.70994.70
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities21.1022.1021.5027.2027.2029.90
Other Liabilities88.0074.7069.8068.5068.2070.40
Total Liabilities2,925.502,921.902,967.602,368.302,043.602,016.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity1,025.601,023.801,018.701,221.901,514.001,614.50
Total Shareholders Equity1,025.601,023.801,018.701,221.901,514.001,614.50
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity1,025.601,023.801,018.701,221.901,514.001,614.50
Total Liabilities & Stockholders Equity3,951.103,945.703,986.303,590.203,557.603,630.50
Book Value Per Share27.6427.2926.7930.7536.4838.28
Tangible Book Value Per Share-34.23-34.41-34.71-19.33-11.97-9.89
Full-Time Employees---10,973--
Price to Book Ratio8.925.825.505.966.068.29
Return on Assets11.8711.1310.6410.4810.5611.49
Return on Equity35.0831.9630.6626.3524.4226.51
Return on Invested Capital4.093.763.744.713.643.41
Quick Ratio1.021.021.000.951.001.09
Current Ratio1.021.021.000.951.001.09

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income115.50107.80107.10115.1091.6089.00
Depreciation53.1053.5051.7047.1047.0048.50
Other Funds (Non Cash)9.1017.6012.80-10.3017.0019.10
Funds from Operations173.40175.10158.90139.70139.40149.70
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital17.30-19.40-67.4064.3056.30-50.70
Income Taxes Payable10.50-25.1020.3010.707.40-46.20
Cash from Operating Activities190.70155.7091.50204.00195.7099.00
Capital Expenditures-35.30-33.20-37.90-42.70-35.60-36.60
Net Assets From Acquisitions0.000.00-359.600.100.00-0.60
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments9.706.8013.108.402.408.40
Purchase of Investments-3.50-3.60-10.80-4.50-4.10-13.20
Sale Or Maturity of Investments13.2010.4023.9012.906.5021.60
Other Uses0.000.000.000.000.000.00
Other Sources4.800.400.0022.500.204.90
Cash from Investing Activities-20.80-26.00-384.40-11.70-33.00-23.90
Cash Dividends Paid-18.70-19.00-19.90-18.90-19.20-19.30
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-100.00-100.00-300.00-395.30-170.10-112.00
Repurchase of Common Pref Stock-100.00-100.00-300.00-395.30-170.10-112.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-34.700.30640.00225.0010.0035.00
Change in Long Term Debt-34.700.30640.00225.0010.0035.00
Issuance of Long Term Debt30.0085.00670.00805.00105.00120.00
Reduction of Long Term Debt-64.70-84.70-30.00-580.00-95.00-85.00
Net Financing Active Other Cash Flow-9.80-11.90-3.20-4.80-8.80-12.20
Other Financing Activities Uses-9.80-11.90-3.20-4.80-8.80-12.20
Cash from Financing Activities-163.20-130.60316.90-194.00-188.10-108.50
Exchange Rate Effect0.50-2.40-5.702.00-3.9025.40
Net Change in Cash7.20-3.3018.300.30-29.30-8.00
Free Cash Flow155.40122.5053.60161.30160.1062.40
Price to Free Cash Flow17.2614.1418.4524.1930.7842.18

Revenue breakdown

Asset-Based2024: 333.20M 2025: 343.00M
Licensed-Based2024: 1.63B 2025: 1.72B
Transaction-Based2024: 316.80M 2025: 383.30M
Asia2024: 49.60M 2025: 48.00M
Australia2024: 62.40M 2025: 65.30M
Canada2024: 140.40M 2025: 154.90M
Europe excluding the United Kingdom2024: 203.80M 2025: 219.60M
Segment, Geographical, Group of Other Countries2024: 12.70M 2025: 13.00M
United Kingdom2024: 167.40M 2025: 189.80M
United States2024: 1.64B 2025: 1.75B
Consolidation, Policy2024: 202.00M 2025: 199.70M
Morningstar Credit2024: 291.10M 2025: 354.40M
Morningstar Data and Analytics2024: 788.10M 2025: 830.60M
Morningstar Retirement2024: 127.10M 2025: 137.60M
Morningstar Wealth2024: 248.40M 2025: 251.40M
PitchBook2024: 618.40M 2025: 671.80M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-305.66%1.1M19.3M287.65K
2026-10-156.36%1.2M19.6M326.50K
2026-09-307.39%1.4M19.3M352.80K
2026-09-157.45%1.4M19.3M387.66K
2026-08-317.24%1.4M19.3M416.50K
2026-08-148.06%1.5M19.1M450.34K
2026-07-317.59%1.5M19.2M497.11K
2026-07-157.51%1.5M19.5M504.89K
2026-06-308.58%1.7M19.5M516.96K
2026-06-159.73%1.9M19.5M511.24K
2026-05-299.94%1.9M19.5M521.14K
2026-05-158.76%1.7M19.5M556.16K
2026-04-307.30%1.5M20.2M611.26K
2026-04-157.14%1.5M20.4M577.36K
2026-03-316.34%1.4M21.6M575.93K
2026-03-136.88%1.5M21.6M561.08K
2026-02-277.34%1.6M21.6M530.63K
2026-02-136.48%1.4M21.6M466.51K
2026-01-303.25%0.7M22.7M385.22K
2026-01-153.21%0.7M22.7M396.14K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call130113116.50.002.3090.000.000.950-0.6380.040
call135108111.80.002.1870.000.000.947-0.6320.041
call140103106.80.002.0690.000.000.944-0.6250.043
call14598.00101.60.001.9550.000.000.941-0.6180.045
call15093.0096.800.001.8440.000.000.938-0.6110.047
call15588.0091.800.001.7370.000.000.935-0.6030.049
call16083.0086.800.001.6330.000.000.931-0.5950.051
call16578.0081.600.001.5320.000.000.927-0.5860.053
call17073.0076.600.001.4340.000.000.923-0.5770.056
call17568.0071.600.001.3380.000.000.918-0.5670.058
call18063.5066.700.001.3050.000.000.913-0.5560.061
call18558.5061.7011.001.2101.000.000.907-0.5440.064
call19053.5056.600.001.0950.000.000.901-0.5320.067
call19548.5051.6017.700.9730.000.000.893-0.5180.071
call20043.5046.600.000.8860.000.000.885-0.5030.075
call21033.5037.2031.320.8295.000.000.849-0.5390.090
call22024.0027.7017.420.7089.000.000.817-0.4880.102
call23015.0018.707.170.5752.000.000.741-0.5050.125
call2407.7011.5011.580.5556.000.000.616-0.4920.147
call2502.806.301.300.5491.000.000.429-0.4780.151
call2600.004.900.000.6920.000.000.300-0.5050.134
call2700.004.900.000.8570.000.000.262-0.6020.125
call2800.002.950.000.8450.000.000.178-0.4750.100
call2900.002.750.000.9620.000.000.152-0.4880.091
call3000.004.700.001.1070.000.000.137-0.5180.084
put1300.004.900.002.8500.000.00-0.054-0.6450.044
put1350.004.900.002.7090.000.00-0.057-0.6380.046
put1400.004.900.002.5470.000.00-0.056-0.6080.043
put1450.004.900.002.4390.000.00-0.058-0.6080.045
put1500.004.900.002.3090.000.00-0.062-0.6000.047
put1550.004.901.502.1551.000.00-0.066-0.5840.049
put1600.004.900.002.0620.000.00-0.069-0.5830.051
put1650.004.902.401.9442.000.00-0.073-0.5730.053
put1700.004.900.001.8280.000.00-0.077-0.5630.056
put1750.004.904.901.7151.000.00-0.082-0.5530.058
put1800.004.902.501.5764.000.00-0.088-0.5330.062
put1850.002.754.101.4681.000.00-0.094-0.5210.065
put1900.004.905.001.3612.000.00-0.101-0.5070.068
put1950.004.905.001.2831.000.00-0.106-0.5010.071
put2000.002.752.001.1656.000.00-0.116-0.4820.075
put2100.004.802.881.0071.000.00-0.149-0.4930.089
put2200.003.400.000.8350.000.00-0.183-0.4690.102
put2300.004.902.900.7394.000.00-0.259-0.4850.125
put2402.506.500.000.6080.000.00-0.383-0.4710.147
put2507.5011.500.000.5880.000.00-0.564-0.4580.152
put26015.0018.500.000.6480.000.00-0.689-0.4850.136
put27023.5027.000.000.6980.000.00-0.738-0.5800.125
put28033.7037.000.000.8620.000.00-0.822-0.4490.100
put29043.5047.000.001.0040.000.00-0.847-0.4620.091
put30052.7057.000.001.1340.000.00-0.861-0.4910.085

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-064Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-10-288-KCurrent report2026-10-28SEC
2026-10-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-27SCHEDULE 13G/ASEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-023Initial statement of beneficial ownership of securities2026-09-22SEC
2026-09-258-KCurrent report2026-09-25SEC
2026-09-188-KCurrent report2026-09-18SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-258-KCurrent report2026-08-25SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-14SCHEDULE 13GSEC
2026-08-124Statement of changes in beneficial ownership of securities2026-08-10SEC
2026-08-073Initial statement of beneficial ownership of securities2026-07-29SEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-06SEC
2026-08-054Statement of changes in beneficial ownership of securities2026-08-03SEC
2026-08-05SCHEDULE 13G/ASEC
2026-08-03144Filing for proposed sale of securities under Rule 144.SEC
2026-08-03144Filing for proposed sale of securities under Rule 144.SEC
2026-08-034Statement of changes in beneficial ownership of securities2026-08-03SEC
2026-08-03SCHEDULE 13G/ASEC
2026-07-298-KCurrent report2026-07-29SEC
2026-07-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-11006.89M4
2026-100000
2026-090000
2026-080020.71M17
2026-070000
2026-060000
2026-050017.40M17
2026-040000
2026-03186.59K1569.19K1
2026-020016.20M16
2026-010000
2025-1200131.09K1
2025-110021.25M17

Institutional holders

Manager% owned
BAMCO INC /NY/9.20%
BlackRock, Inc.5.47%
WELLINGTON MANAGEMENT GROUP LLP3.93%
MORGAN STANLEY3.90%
AQR CAPITAL MANAGEMENT LLC3.43%
VANGUARD PORTFOLIO MANAGEMENT LLC2.50%
VANGUARD CAPITAL MANAGEMENT LLC2.35%
STATE STREET CORP1.88%
DIMENSIONAL FUND ADVISORS LP1.68%
GEODE CAPITAL MANAGEMENT, LLC1.45%

Funds

Fund% owned
Baron Partners Fund4.98%
Eaton Vance Atlanta Capital SMID-Cap Fund2.21%
iShares Core S&P Mid-Cap ETF1.98%
Baron Focused Growth Fund1.91%
VANGUARD WINDSOR FUND1.81%
VANGUARD TOTAL STOCK MARKET INDEX FUND1.59%
Baron Generational Growth Fund1.41%
VANGUARD SMALL-CAP INDEX FUND1.14%
VANGUARD EXPLORER FUND0.85%
VANGUARD EXTENDED MARKET INDEX FUND0.67%

OakChart. MORN. Cached 15 minutes.