Morningstar Inc. (NASDAQ:MORN) is a leading provider of independent investment insights, known for its comprehensive research and data services. The company competes with other financial services firms by offering unique insights and leveraging technology to enhance its offerings. As of February 12, 2026, Morningstar reported impressive financial results, with earnings per share of $2.71, surpassing the estimated $2.51.

The company's revenue for the period was $641.1 million, exceeding the forecasted $616.1 million. This robust revenue growth is part of a broader trend observed in the fourth quarter of 2025, as highlighted by Morningstar's CEO, Kunal Kapoor. The company experienced significant growth in revenue, operating income, and adjusted operating income throughout 2025.

Morningstar's financial health is further underscored by its price-to-earnings (P/E) ratio of 17.37, which reflects the market's valuation of the company's earnings. The price-to-sales ratio of 2.71 and the enterprise value to sales ratio of 2.95 provide additional insights into the company's market value relative to its revenue and overall valuation, including debt.

The company's enterprise value to operating cash flow ratio stands at 13.10, indicating how its cash flow is valued in relation to its enterprise value. Morningstar's earnings yield of 5.76% offers a perspective on the return on investment, while the debt-to-equity ratio of 0.69 shows a balanced approach to financing its assets. The current ratio of 1.04 suggests that Morningstar is well-positioned to cover its short-term liabilities with its short-term assets.