Revenue Breakdown
Composition ()

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Revenue Streams
Morningstar Inc (MORN) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is License-based, accounting for 70.9% of total sales, equivalent to $402.10M. Other significant revenue streams include Transaction-based and Asset-based. Understanding this composition is critical for investors evaluating how MORN navigates market cycles within the Professional Information Services industry.
Profitability & Margins
Evaluating the bottom line, Morningstar Inc maintains a gross margin of 53.24%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 21.95%, while the net margin is 14.84%. These profitability ratios, combined with a Return on Equity (ROE) of 24.42%, provide a clear picture of how effectively MORN converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, MORN competes directly with industry leaders such as CIFR and APLD. With a market capitalization of $8.20B, it holds a significant position in the sector. When comparing efficiency, MORN's gross margin of 53.24% stands against CIFR's -20.33% and APLD's 20.57%. Such benchmarking helps identify whether Morningstar Inc is trading at a premium or discount relative to its financial performance.