Morningstar Revenue, Profits - MORN Annual Income Statement

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$95.44 $1.21 (1.25%) MORN stock closing price Feb 21, 2018 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Morningstar stock price. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. Like any other income statement, the MORN income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 1.24% when compared to the same period in the past. The Morningstar profit and loss statement for 2016 shows a net profit of $161M. Profits for last year was $132.6M. Apart from this an investor should also check Morningstar assets and Morningstar free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec201620152014201320122011201020092008
Morningstar Revenues or Net Sales
798.6M788.8M760.07M698.26M658.28M631.4M555.35M478.99M502.45M
Cost Of Goods Sold (COGS)344.3M330.1M318.63M271.43M195.34M182.13M157.06M128.61M130.08M
Morningstar Gross Profit
454.3M458.7M441.43M426.82M462.94M449.26M398.28M350.38M372.37M
Research & Development Expense----51.43M53.15M49.24M38.37M40.34M
Selling General & Admin Expense202.8M203.7M280.95M210.48M217.74M214.78M188.31M154.72M166.91M
Income Before Depreciation Depletion Amortization251.5M255M160.48M216.34M193.76M181.32M160.72M157.28M165.11M
Depreciation Depletion Amortization70.7M64.4M54.88M45.69M43.09M42.91M39.66M31.96M25.99M
Non Operating Income44.1M3.1M8.3M7.35M2.95M1.7M6.73M2.93M3.85M
Interest Expense---------
Morningstar Pretax Income
224.9M193.7M113.89M178.01M153.62M140.12M127.79M128.25M142.97M
Provision for Income Taxes63.7M62.7M35.67M56.03M52.87M43.65M42.75M47.09M51.76M
MinorityInterest---0.04M-0.12M-0.11M-0.04M--0.13M-
Investment Gains Losses-0.2M1.8M-1.42M2.02M1.84M1.42M1.16M1.32M
Other Income---------
Income Before Extraordinaries & Disc Operations161M132.8M78.25M123.4M102.77M98.31M86.45M82.32M92.53M
Extraordinary Items & Discontinued Operations----5.18M----
Morningstar Profit/ Loss (Net Income)
161M132.6M78.3M123.52M108.07M98.35M86.37M82.45M92.53M
Average Shares used to compute Diluted EPS43.3M44.9M44.9M46.49M49.15M50.99M50.56M49.79M49.21M
Average Shares used to compute Basic EPS43M44.7M44.68M46.16M48.5M50.03M49.25M48.11M46.14M
Income Before Nonrecurring Items123.9M132.6M117.95M121.19M102.89M98.36M86.37M82.46M92.53M
Income from Nonrecurring Items37.1M--39.65M2.34M-----
Morningstar Earnings Per Share Basic Net
3.743.001.752.682.231.961.751.712.01
Morningstar Earnings Per Share Diluted Net
3.72M3M1.74M2.66M2.2M1.92M1.7M1.66M1.88M
EPS Diluted Before Nonrecurring Items2.863.002.622.612.101.921.701.661.88
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.880.760.680.380.530.150.050.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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Morningstar stock analysis involves checking at least a few of the important things like:

  • 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 YoY topline or sales growth of MORN stock with its peers like ADT.3 stock and DNB stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $161M for MORN stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called statement of revenue and expense. The MORN financials along with Morningstar historical stock prices provide a lot of details about the firm.

Morningstar Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
24.41
PS Ratio (price sales ratio)
4.61
Operating Margin
23
Net Profit Margin
14.7
Dividend Yield
0.95%