What is the 13F Pro Quality Score for MORN?

13F Pro ranks Morningstar, Inc. (MORN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MORN's current score at https://13fpro.ai/research/MORN (free sign-up required for the full ranking).

Which hedge funds own the most MORN stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of MORN include BlackRock,, MORGAN STANLEY, WELLINGTON MANAGEMENT GROUP LLP. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/MORN as soon as new 13F filings post.

Where does 13F Pro source MORN data?

All Morningstar, Inc. fundamentals and ownership data come directly from SEC EDGAR. Morningstar, Inc. files with the SEC under CIK 1289419. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MORN in?

Morningstar, Inc. (MORN) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is MORN research updated on 13F Pro?

MORN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Morningstar, Inc.(MORN)Stock Analysis

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13F Pro Quality Score

71.0/100

Rank #280 of 2,879 stocksTOP 10%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

64.1/100

Profitability

79.3/100

Balance Sheet

86.9/100

Earnings Quality

88.6/100

Free Cash Flow

70.7/100

Institutional Flow

49.3/100

Revenue Scale

65.9/100

Dilution Risk

38.8/100

MORN Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Morningstar, Inc. (MORN), a Financials sector company. 13F Pro's AI-powered ranking engine scores MORN at 71.0/100 on a 32-signal composite quality model, placing it at rank #280 of 2,879 stocks — the top 10% of the AI-ranked universe. MORN scores in the top quartile across earnings quality (88.6), balance sheet strength (86.9), profitability (79.3). Shareholder dilution risk is elevated at 38.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Morningstar, Inc. reports quarterly revenue of $644.8M, net income of $107.1M, an operating margin of 24.2%. Top institutional holders of MORN by reported 13-F value include BlackRock,, MORGAN STANLEY, WELLINGTON MANAGEMENT GROUP LLP, based on the most recent SEC filings. MORN trades on the Nasdaq exchange and files with the SEC under CIK 1289419. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MORN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Morningstar, Inc. directly from SEC EDGAR. Morningstar, Inc.'s 13F Pro composite quality score has ranged between 8 and 76 since 2021, currently 71.0 — a stable long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about Morningstar, Inc.

Quirks, history, and lore behind MORN — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · mid-cap · listed on Nasdaq · headquartered in Chicago, Illinois.
2
The Numbers
Annual revenue in the neighborhood of $2 billion, with a business model built almost entirely on subscriptions and data licensing rather than managing money itself.
3
The History
Founded in 1984 with a simple mission: give ordinary investors the same research tools that Wall Street pros hoarded for themselves.
4
The Secret
Its famous star rating system — one to five stars — has become so influential that a single ratings change can visibly move fund flows across the entire industry.
5
The Lore
It expanded far beyond fund ratings into credit ratings, indexes, and portfolio management software, making it a quiet rival to Moody's and MSCI without most people noticing.
6
The Giveaway
Its name is literally a celestial weather forecast, and its signature product — the Morningstar Rating for mutual funds — is the first thing millions of investors check before handing over a dime.

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Revenue

Q1 2026

$644.8M

Net Income

Q1 2026

$107.1M

Free Cash Flow

Q1 2026

$53.6M

Operating Margin

Q1 2026

24.2%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+11.6% YoY

$2.28BFY 2024

FY21 $1.70BFY22 $1.87BFY23 $2.04BFY24 $2.28B

Operating Income

+110.2% YoY

$484.8MFY 2024

FY21 $257.0MFY22 $167.8MFY23 $230.6MFY24 $484.8M

EPS (Diluted)

+160.8% YoY

$8.58FY 2024

FY21 $4.45FY22 $1.64FY23 $3.29FY24 $8.58

Total Assets

+4.3% YoY

$3.55BFY 2024

FY21 $2.86BFY22 $3.47BFY23 $3.40BFY24 $3.55B

Total Debt

-32.6% YoY

$698.6MFY 2024

FY21 $359.4MFY22 $1.17BFY23 $1.04BFY24 $698.6M

Op. Cash Flow

+87.0% YoY

$591.6MFY 2024

FY21 $449.9MFY22 $297.8MFY23 $316.4MFY24 $591.6M

Metric	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Revenue	$2.28B +11.6%	$2.04B +9.0%	$1.87B +10.1%	$1.70B +22.3%	$1.39B +17.9%	$1.18B
Operating Income	$484.8M +110.2%	$230.6M +37.4%	$167.8M -34.7%	$257.0M +19.4%	$215.2M +13.5%	$189.6M
EPS (Diluted)	$8.58 +160.8%	$3.29 +100.6%	$1.64 -63.1%	$4.45 -14.1%	$5.18 +47.2%	$3.52
Total Assets	$3.55B +4.3%	$3.40B -2.1%	$3.47B +21.4%	$2.86B +6.2%	$2.70B +13.7%	$2.37B
Total Debt	$698.6M -32.6%	$1.04B -11.7%	$1.17B +226.6%	$359.4M -20.0%	$449.1M -17.8%	$546.1M
Operating Cash Flow	$591.6M +87.0%	$316.4M +6.2%	$297.8M -33.8%	$449.9M +17.1%	$384.3M +14.9%	$334.4M

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Available Research

13F Pro tracks comprehensive data for Morningstar, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MORN

BlackRock, Inc.
$395.3M2,338,218 sh
MORGAN STANLEY
$292.5M1,730,549 sh
WELLINGTON MANAGEMENT GROUP LLP
$281.0M1,662,405 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$177.8M1,051,820 sh
VANGUARD CAPITAL MANAGEMENT LLC
$167.3M989,467 sh
TWO SIGMA INVESTMENTS, LP
$145.3M859,459 sh
BAMCO INC /NY/
$128.4M759,515 sh
STATE STREET CORP
$124.3M735,574 sh
LOS ANGELES CAPITAL MANAGEMENT LLC
$109.1M645,384 sh
Select Equity Group, L.P.
$107.8M637,723 sh

Fund	Value	Shares
BlackRock, Inc.	$395.3M	2,338,218
MORGAN STANLEY	$292.5M	1,730,549
WELLINGTON MANAGEMENT GROUP LLP	$281.0M	1,662,405
VANGUARD PORTFOLIO MANAGEMENT LLC	$177.8M	1,051,820
VANGUARD CAPITAL MANAGEMENT LLC	$167.3M	989,467
TWO SIGMA INVESTMENTS, LP	$145.3M	859,459
BAMCO INC /NY/	$128.4M	759,515
STATE STREET CORP	$124.3M	735,574
LOS ANGELES CAPITAL MANAGEMENT LLC	$109.1M	645,384
Select Equity Group, L.P.	$107.8M	637,723

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Is MORN a good stock to buy?

13F Pro's AI-powered analysis of Morningstar, Inc. (MORN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MORN are available on the MORN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own MORN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MORN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Morningstar, Inc.'s investment landscape.