How Morningstar, Inc. stacks up

MORN · against 161 other Financial Services companies listed in US-listed

Profitability

82/ 100

Near the top of its peers.

Ranked #27 of 162 · scores higher than 83% of peers

Bars: peers in each 10-point band of the profitability score

15 peers with a profitability score of 80–89, including MORN · Click a bar to see the companies

Why profitability scores 82?

Weighted metrics compared with all Financial Services companies.

Mainly thanks to its return on assets and return on invested capital, which are stronger than most Financial Services peers.

Operating margin is close to the peer norm. Operating margin: 23.5% vs peer median 23.5%
a higher return on invested capital: stronger than 81% of peers. Return on invested capital: 21.1% vs peer median 6.3%
a higher return on assets: stronger than 89% of peers. Return on assets: 10.7% vs peer median 2.6%

Metric by metric

Position: dot = MORN, ranked from the worst peer (left) to the best (right); tick = middle, shaded = middle half of peers.

Metric	MORN	Peer median	Better than	Weight
Return on invested capitalHigher is better · 157 reported	21.1%	7.1%	81%	33%
Operating marginHigher is better · 84 reported	23.5%	23.1%	52%	33%
Return on assetsHigher is better · 183 reported	10.7%	2.6%	86%	33%
Return on equityHigher is better · 176 reported	32.0%	10.4%	88%	Context only
Gross marginHigher is better · 200 reported	62.2%	83.0%	42%	Context only

Ranking by profitability score

Top 5 and the companies ranked around MORN

Rank	Company	Market cap	Profitability	Overall
1	Mastercard IncorporatedMA · US-listed	566.9B USD	99	48
2	Artisan Partners Asset Management Inc.APAM · US-listed	2.7B USD	98	63
2	Raymond James Financial, Inc.RJF · US-listed	31.1B USD	98	65
4	CorVel CorporationCRVL · US-listed	4.2B USD	97	55
4	Sprott Inc.SII · US-listed	2.7B USD	97	58
⋯
23	Qfin Holdings, Inc.QFIN · US-listed	641M USD	86	74
25	FactSet Research Systems Inc.FDS · US-listed	11.8B USD	85	51
26	Victory Capital Holdings, Inc.VCTR · US-listed	7.1B USD	83	68
27	Apollo Global Management, Inc.APO · US-listed	67.1B USD	82	51
27	Morningstar, Inc.MORN · US-listed	8.9B USD	82	50
27	Synchrony FinancialSYF · US-listed	24.5B USD	82	47
30	FinVolution GroupFINV · US-listed	685M USD	81	68
31	Bread Financial Holdings, Inc.BFH · US-listed	4.0B USD	80	66
31	TWFG, Inc.TWFG · US-listed	370M USD	80	85

Scores are sector-relative percentiles from the latest snapshot, always calculated against the whole sector: narrowing the comparison group changes who you compare with, not the scores. Missing metrics are left out and the remaining weights rescaled. How we score

Bringing the fundamentals into focus…