Earnings summaries and quarterly performance for Morningstar.
Executive leadership at Morningstar.
Board of directors at Morningstar.
Research analysts covering Morningstar.
Recent press releases and 8-K filings for MORN.
Permian Resources Reports Strong 2025 Results and Lifts Dividend
MORN
Earnings
Dividends
Guidance Update
- Permian Resources reported Q4 2025 GAAP EPS of $0.45 and revenue of roughly $1.16–$1.17 billion, exceeding forecasts despite a 9–10% year-over-year revenue decline.
- The company achieved strong operational performance in 2025, including $3.6 billion of operating cash flow and $1.6 billion of adjusted free cash flow, while reducing total debt by over $600 million.
- Management raised the quarterly base dividend by 7% to $0.16 per share and outlined a 2026 plan targeting 4% oil growth with a reduced $1.75–$1.95 billion capex budget.
- Despite strong cash generation and low leverage, the company shows potential liquidity constraints (current ratio about 0.67) and an Altman Z-Score near 1.96, indicating some financial strain to monitor.
2 days ago
Morningstar Reports Fourth-Quarter and Full-Year 2025 Financial Results
MORN
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Morningstar reported strong revenue growth for both Q4 and full-year 2025, with Q4 reported revenue increasing 8.5% to $641.1 million and full-year reported revenue increasing 7.5% to $2.4 billion. Organic revenue also saw significant increases, up 8.1% in Q4 and 8.0% for the full year.
- For Q4 2025, diluted net income per share increased 4.4% to $2.83, and adjusted diluted net income per share rose 26.6% to $2.71. Full-year 2025 diluted net income per share increased 3.4% to $8.87, with adjusted diluted net income per share growing 25.0% to $9.86.
- Cash provided by operating activities in Q4 2025 increased 33.0% to $204.0 million, and free cash flow grew 43.0% to $161.3 million. For the full year 2025, cash provided by operating activities was $589.7 million and free cash flow was $442.6 million.
- The company repurchased 1,780,259 shares for $385.3 million in Q4 2025, and a total of 3,276,578 shares for $787.0 million for the full year.
- CEO Kunal Kapoor highlighted the company's meaningful growth in 2025 and its strategic focus on leveraging AI to scale research and data and becoming the common language for investors in converging public and private markets.
Feb 12, 2026, 9:15 PM
Morningstar Reports Q4 2025 and Full Year 2025 Financial Results
MORN
Earnings
Share Buyback
Dividends
- Morningstar reported Q4 2025 revenue of $641.1 million and adjusted operating income of $153.5 million, with an adjusted operating margin of 24.9%. For the full year 2025, revenue was $2,445.5 million and adjusted operating income reached $582.9 million.
- The Q4 2025 operating income included a $22.7 million contingent payment gain related to the sale of US TAMP assets.
- Key segment performance in Q4 2025 included Morningstar Direct Platform revenue of $211.1 million and Morningstar Credit revenue of $105.3 million.
- For fiscal year 2025, share repurchases totaled $787.0 million and dividends paid amounted to $76.9 million.
Feb 12, 2026, 9:00 PM
THG's Myprotein Partners with Greencore for Offline Retail Expansion
MORN
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Myprotein, a brand of THG, has entered a licensing partnership with Greencore to launch a protein-enriched food-to-go range, including salads and wraps, available in Sainsbury's supermarkets and convenience stores.
- This collaboration marks a significant push into offline retail for Myprotein, aligning with THG's strategy to expand its retail footprint to 100,000 doors and target over 60 million in licensed product sell-in by 2026.
- THG's Nutrition division reported a 12.2% revenue increase in its most recent results, and the company's share price rose 1.6% to 36.08 pence following the announcement.
Feb 12, 2026, 8:36 AM
Morningstar Completes CRSP Acquisition and Extends Vanguard Relationship
MORN
M&A
New Projects/Investments
- Morningstar, Inc. has completed the acquisition of the Center for Research in Security Prices (CRSP) from the University of Chicago for $365 million.
- This acquisition integrates CRSP Market Indexes into the Morningstar Indexes family, establishing Morningstar as a leading provider of broad US-equity benchmarks.
- Morningstar also announced an agreement with Vanguard for the continued use of CRSP indexes to underpin various Vanguard funds, including the Vanguard Total Stock Market Index Fund.
- With this integration, Morningstar Indexes now has over $4.2 trillion in assets linked, reinforcing its commitment to investor-focused solutions.
Feb 2, 2026, 9:15 PM
China Vanke Secures State Loan and Bondholder Approval to Ease Liquidity Pressure
MORN
Debt Issuance
Proxy Vote Outcomes
- China Vanke secured a RMB 2.36 billion loan from its state-owned shareholder Shenzhen Metro, easing near-term pressure as the developer confronts a prolonged liquidity crunch.
- Shenzhen Metro, Vanke's largest shareholder with a 27.18% stake, had previously lent the developer about RMB 22 billion last year, underscoring its ongoing financial support.
- Bondholders approved a separate plan for a RMB 1.1 billion puttable bond, signaling a growing willingness to accept relief measures for Vanke.
- Vanke also offered sweeter terms on several yuan bonds and outlined grace-period repayment arrangements for its 2022 medium-term notes to reassure creditors.
Jan 27, 2026, 12:44 PM
Pop Mart Shares Surge Following Share Buyback
MORN
Share Buyback
Demand Weakening
New Projects/Investments
- Pop Mart's Hong Kong-listed shares jumped 8–10% after the company repurchased 1.4 million shares for HK$251 million (US$32 million), its first buyback since February 2024.
- The company maintains a healthy balance sheet with over RMB13 billion (about US$1.8 billion) in cash and recently reported strong financials, including 205% revenue growth and a net profit margin of 33.7%.
- Despite the positive market reaction, concerns persist regarding cooling demand for its Labubu character, evidenced by underperforming U.S. Black Friday sales and steep falls in secondary-market resale prices for certain series.
- To sustain growth, Pop Mart is expanding into entertainment and IP development, including a planned Labubu movie with Sony, while also developing new characters and international initiatives.
Jan 20, 2026, 4:17 AM
Morningstar and PitchBook Launch Quarterly Evergreen Fund Report
MORN
Product Launch
New Projects/Investments
- Morningstar and PitchBook have launched "The Evergreen Fund Landscape" report, a new quarterly research series offering comprehensive analysis of US evergreen private market funds, covering performance, fund flows, fee structures, and emerging trends.
- The inaugural report highlights that evergreen fund assets have doubled since 2022, now approaching $500 billion, reflecting rapid adoption and broadening access to private markets.
- Private credit is identified as the primary growth engine, with direct lending assets under management more than tripling since 2022, and interval and tender offer funds attracting over $40 billion in net inflows through September 2025.
- Key findings also indicate that median expense ratios for evergreen funds remain above 3%, and there is wide performance dispersion, reinforcing the importance of manager selection.
Dec 18, 2025, 2:00 PM
Morningstar Announces Quarterly Dividend Increase
MORN
Dividends
- Morningstar, Inc. has announced a 10% increase in its quarterly dividend, raising the payout to 50 cents per share from 45.5 cents, effective with the January 2026 distribution.
- This increase results in an annualized dividend of $2.00 per share and an annual yield of about 0.9%.
- Despite the dividend hike, Morningstar's stock price has declined, with a year-to-date return in the negative mid-thirties, and trades at a price-to-earnings ratio of 23.9.
- As of late 2025, Morningstar manages approximately $369 billion in assets under management.
Dec 6, 2025, 1:35 AM
Morningstar, Inc. Increases Quarterly Dividend
MORN
Dividends
- Morningstar, Inc. declared a quarterly dividend of 50 cents per share, representing an increase of approximately 10 percent from the prior rate of 45.5 cents per share.
- This increase results in an annualized dividend of $2.00 per share, compared to the previous annualized rate of $1.82 per share.
- The dividend is payable on January 30, 2026, to shareholders of record as of January 2, 2026.
Dec 5, 2025, 9:31 PM
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