MORNINGSTAR, INC. (MORN) Return on equity 2016–2025
MORNINGSTAR, INC. (MORN) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
30.6%FY2025 · since FY2016: 23.1% → 30.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 30.6% | +7.8 pp |
| FY2024 | 22.9% | +12.2 pp |
| FY2023 | 10.6% | +4.8 pp |
| FY2022 | 5.8% | -7.8 pp |
| FY2021 | 13.7% | -3.9 pp |
| FY2020 | 17.6% | +3.6 pp |
| FY2019 | 14.0% | -5.6 pp |
| FY2018 | 19.6% | +2.6 pp |
| FY2017 | 17.0% | -6.1 pp |
| FY2016 | 23.1% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
More MORN financial trends
MORN RevenueMORN Net incomeMORN Net marginMORN Gross profitMORN Gross marginMORN Operating incomeMORN Operating marginMORN Operating cash flowMORN Free cash flowMORN Capital expendituresMORN Stock buybacksMORN Dividends paidMORN Total assetsMORN Total liabilitiesMORN Shareholders’ equityMORN overview →