Morningstar Revenue, Profits - MORN Annual Income Statement

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$81.63 $0.89 (1.08%) MORN stock closing price Aug 18, 2017 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Morningstar stock price alone is not sufficient. The income statement gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $788.8M to $798.6M and how operating and non operating activities have impacted the MORN stock. The operating expenses (also check: Morningstar assets and Morningstar free cash flow) as shown in the Morningstar profit and loss statement 2016 total to $617.8M. This line item has increased from $598.2M compared with last year. Morningstar revenue for 2016 is $798.6M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec.2016201520142013201220112010200920082007
Morningstar Net Sales or Revenues
Cost Of Goods Sold (COGS)344.3M330.1M318.63M271.43M195.34M182.13M157.06M128.61M130.08M113.77M
Morningstar Gross Profit
Research & Development Expense----51.43M53.15M49.24M38.37M40.34M35.11M
Selling General & Admin Expense202.8M203.7M280.95M210.48M217.74M214.78M188.31M154.72M166.91M147.7M
Income Before Depreciation Depletion Amortization251.5M255M160.48M216.34M193.76M181.32M160.72M157.28M165.11M138.51M
Depreciation Depletion Amortization70.7M64.4M54.88M45.69M43.09M42.91M39.66M31.96M25.99M21.25M
Non Operating Income44.1M3.1M8.3M7.35M2.95M1.7M6.73M2.93M3.85M6.22M
Interest Expense----------
Morningstar Pretax Income
Provision for Income Taxes63.7M62.7M35.67M56.03M52.87M43.65M42.75M47.09M51.76M51.25M
Minority Interest-0.2M-0.04M-0.12M-0.11M-0.04M0.08M-0.13M--
Investment Gains Losses-0.2M1.8M0.03M1.42M2.02M1.84M1.42M1.16M1.32M-
Other Income---------1.69M
Income Before Extraordinaries & Disc Operations161M132.8M78.25M123.4M102.77M98.31M86.45M82.32M92.53M73.92M
Extraordinary Items & Discontinued Operations----5.18M-----
Morningstar Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS43.3M44.9M44.9M46.49M49.15M50.99M50.56M49.79M49.21M48.17M
Average Shares used to compute Basic EPS43M44.7M44.68M46.16M48.5M50.03M49.25M48.11M46.14M43.22M
Income Before Nonrecurring Items123.9M132.6M117.95M121.19M102.89M98.36M86.37M82.46M92.53M73.92M
Income from Nonrecurring Items37.1M--39.65M2.34M------
Morningstar Earnings Per Share Basic Net
Morningstar Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items2.863.002.622.612.101.921.701.661.881.53
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.880.760.680.380.530.150.05---
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Morningstar stock analysis. An investor must check the following items in an income statement:
  • Topline: A growing topline, as seen from the Morningstar revenue chart, as is the case with Morningstar indicates a growing business. One needs to compare the QoQ or YoY topline growth of MORN stock with its peers like FDS stock and DNB stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: Most businesses like Morningstar try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Morningstar historical stock prices to check how the price has moved with time. .

Morningstar Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield