MORN Morningstar, Inc. - Common Stock
NASDAQ · Financial Services · View on SEC EDGAR ↗ 10-K/10-Q Jul 29, 2026MORN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Morningstar, Inc. - Common Stock Company overview from Wikipedia
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.
With operations in 29 countries, Morningstar's research and recommendations are considered by financial journalists as influential in the asset management industry, and a positive or negative recommendation from Morningstar analysts can drive money into or away from any given fund. Through its asset management division, the firm currently manages over US$295 billion as of March 31, 2023.
The firm also provides software and data platforms for investment professionals, including "Morningstar Research Portal", "Morningstar Direct" and "Morningstar Advisor Workstation".
History
Founder Joe Mansueto initially had the idea for Morningstar in 1982 while reviewing mutual fund annual reports he had requested from several prominent fund managers. However, it was only after a year working as a stock analyst for Harris Associates, seeing the fund industry and potential competitors up close, that he was convinced that the opportunity was there. Morningstar was subsequently founded in 1984 from his one-bedroom Chicago apartment with an initial investment of US$80,000. The name Morningstar is taken from the last sentence in Walden, a book by Henry David Thoreau; "the sun is but a morning star".
In July 1999, Morningstar accepted an investment of US$91 million from SoftBank in return for a 20 percent stake in the company. The two companies had formed a joint venture in Japan the previous year.
Morningstar's initial public offering occurred on May 3, 2005, with 7,612,500 shares at $18.50 each. Morningstar went public by following in Google's footsteps and using the OpenIPO method, rather than the traditional method. This allowed individual investors to bid on the price of the stock via equal access.
In 2006, Morningstar acquired Ibbotson Associates, Inc., an investment research firm. In 2007, Morningstar acquired the mutual fund data business of S&P Global.
In 2010, Morningstar acquired credit rating agency Realpoint for $52 million and began offering structured credit ratings and research to institutional investors. In the same year, Morningstar acquired Old Broad Street Research Ltd. (OBSR), a UK-based provider of fund research, ratings and investment advisory services, for $18.3 million. After the acquisition, the company was renamed as Morningstar OBSR.
In 2014, Morningstar acquired ByAllAccounts, Inc., a provider of data aggregation technology for financial applications.
In 2016, Morningstar acquired remaining ownership of PitchBook Data for approximately $225 million. In September 2016, Morningstar announced that it had appointed Kunal Kapoor as chief executive officer, effective January 2017, with Mansueto becoming executive chairman at the same time.
In 2019, Morningstar acquired the world's fourth largest credit rating agency DBRS for $669 million. After the acquisition, DBRS merged with Morningstar’s credit rating business to form the Morningstar DBRS.
In 2020, Morningstar entered into an agreement to acquire Sustainalytics, a research and ratings firm specializing in environmental, social, and governance (ESG) insights. That same year, Morningstar agreed to acquire PlanPlus Global, a Canada-based financial planning and risk assessment software company.
In 2021, Morningstar announced it would acquire the UK and international (including Jersey, Hong Kong and Dubai) operations of the Australian wealth management platform Praemium (ASX: PPS) for £35 million. Later that year, Morningstar announced the acquisition of Moorgate Benchmarks, in an effort to grow its index services under Morningstar Indexes.
In 2022, Morningstar announced that it will acquire the S&P Global-owned Leveraged Commentary & Data (LCD), a company specializing in leveraged loan market data, for about $650 million.
Products and services
Morningstar offers a wide array of products and services to both retail and institutional investors.
Morningstar Investment Management
Through its investment management subsidiary, Morningstar currently has over US$265 billion in assets under advisement and management.
Morningstar Direct
Morningstar Direct is a software platform that provides data and analytics to help professional investment managers craft new products and portfolios.
Morningstar Office Cloud
Morningstar offers a single end-to-end cloud-based platform for investment advisors, known as Morningstar Office Cloud. The software allows financial advisors to manage their practice, gain access to data and research, analyze investments, and connect with investors.
Morningstar Investor
The firm offers retail and individual investors access to news, research, and stock, bond, and mutual fund analysis through its 'Morningstar Investor' subscription product. This product was previously known as Morningstar Premium.
Credit Ratings (NRSRO)
In 2010, Morningstar acquired Realpoint, LLC, a former division of private-equity giant Capmark Finance and a one-time nationally recognized statistical rating organization (NRSRO). The firm was rebranded as Morningstar Credit Ratings and competed with NRSROs such as S&P, Moody's Investors Service, and Fitch Ratings.
In 2019, Morningstar acquired NRSRO DBRS for $669 million.
Morningstar Research Portal
In 2022, Morningstar launched its newest research platform aimed at helping financial advisors utilize Morningstar's investment research and other tools to identify and select investments, monitor investment performance, and inform how they communicate with clients.
Influence and criticisms
Morningstar is considered powerful in the investment management industry, and the firm's ratings and recommendations often influence a fund's assets under management. The firm's "star" ratings are often used by fund managers in marketing materials, and positive star ratings bring a credibility to a fund's strategy. Morningstar's analysts and data are frequently quoted in outlets such as the New York Times, Wall Street Journal, and Financial Times.
In October 2017, the Wall Street Journal published a front-page feature story criticizing Morningstar's influence and questioned the predictive power of the firm's rating system. In response, Morningstar provided a quantitative analysis showing that higher-rated funds outperform lower-rated funds, but cautioned against using the ratings as a definitive marker of future performance.
Corporate identity
Morningstar's current logo was designed by graphic designer Paul Rand. The design features the "o" in Morningstar appearing as a rising sun, which is a nod to a Henry David Thoreau quote that inspired the company's name. Mansueto considers the logo "one of our most valuable assets".
Major offices
The firm is headquartered in Chicago, Illinois, with major regional offices in New York City, London, Paris, Sydney, Hong Kong, Toronto, Mumbai and other cities around the world. Morningstar maintained a technology operations center in Shenzhen for nearly two decades before closing in 2023 at a cost of $30 million, citing changes in the country's regulatory landscape.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | MORN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 20.95Y avg ≈71.9 | ≈71.9 | 23.5 | Undervalued | |
| P/S (TTM) | 3.25Y avg ≈5.9 | ≈5.9 | 4.5 | Undervalued | |
| P/B (MRQ) | 8.05Y avg ≈8.6 | ≈8.6 | 3.2 | Overvalued | |
| EV / EBITDA | 12.45Y avg ≈26.1 | ≈26.1 | 19.2 | Undervalued | |
| Price / FCF (TTM) | 16.65Y avg ≈42.1 | ≈42.1 | · | · | |
| Price / Cash Flow (TTM) | 12.75Y avg ≈28.3 | ≈28.3 | 21.7 | Undervalued | |
| EV / Revenue | 3.65Y avg ≈6.1 | ≈6.1 | · | · | |
| EV / FCF | 20.15Y avg ≈43.8 | ≈43.8 | · | · | |
| Price / Tangible Book (MRQ) | 18.1 | · | · | · | |
| PEG Ratio | ≈1.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MORN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 23.5%5Y avg ≈15.6% | ≈15.6% | 26.6% | Weak | |
| EBITDA Margin (TTM) | 31.3%5Y avg ≈24.2% | ≈24.2% | 33.9% | In line | |
| Pretax Margin (TTM) | 21.8%5Y avg ≈14.5% | ≈14.5% | 24.7% | Weak | |
| Net Profit Margin (TTM) | 16.4%5Y avg ≈10.7% | ≈10.7% | 18.9% | In line | |
| ROA (TTM) | 11.1%5Y avg ≈6.9% | ≈6.9% | 8.9% | Top tier | |
| ROE (TTM) | 32.0%5Y avg ≈16.1% | ≈16.1% | 13.6% | Top tier | |
| ROIC | 17.3%5Y avg ≈11.4% | ≈11.4% | 14.2% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MORN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.75Y avg ≈0.6 | ≈0.6 | 0.4 | High debt | |
| Current Ratio (MRQ) | 1.15Y avg ≈1.0 | ≈1.0 | 1.2 | In line | |
| Quick Ratio | 0.95Y avg ≈0.9 | ≈0.9 | 0.7 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 1.75Y avg ≈0.6 | ≈0.6 | 0.4 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | MORN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 7.5%5Y avg ≈12.1% | ≈12.1% | · | · | |
| Revenue CAGR 3Y | 9.3%5Y avg ≈11.1% | ≈11.1% | · | · | |
| Revenue CAGR 5Y | 12.0% | · | · | · | |
| EPS YoY | 3.4%5Y avg ≈37.5% | ≈37.5% | · | · | |
| Net Income YoY | 1.2%5Y avg ≈37.3% | ≈37.3% | · | · | |
| EPS CAGR 3Y | 75.5%5Y avg ≈28.6% | ≈28.6% | · | · | |
| EPS CAGR 5Y | 11.4% | · | · | · | |
| Net Income CAGR 3Y | 74.4%5Y avg ≈28.1% | ≈28.1% | · | · | |
| Net Income CAGR 5Y | 10.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MORN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.75Y avg ≈0.6 | ≈0.6 | 0.5 | Top tier | |
| Receivables Turnover | 6.55Y avg ≈6.6 | ≈6.6 | 6.5 | In line | |
| Revenue / Employee | ≈$222.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Oct 2, 2026 | $0.50 | USD | ≈1.1% |
| Jul 10, 2026 | $0.50 | USD | ≈1.2% |
| Apr 2, 2026 | $0.50 | USD | ≈1.1% |
| Jan 2, 2026 | $0.50 | USD | ≈0.89% |
| Oct 3, 2025 | $0.46 | USD | ≈0.80% |
| Jul 11, 2025 | $0.46 | USD | ≈0.60% |
| Apr 4, 2025 | $0.46 | USD | ≈0.64% |
| Jan 3, 2025 | $0.46 | USD | ≈0.50% |
| Oct 4, 2024 | $0.41 | USD | ≈0.51% |
| Jul 12, 2024 | $0.41 | USD | ≈0.52% |
| Apr 4, 2024 | $0.41 | USD | ≈0.51% |
| Jan 4, 2024 | $0.41 | USD | ≈0.56% |
| Oct 5, 2023 | $0.38 | USD | ≈0.65% |
| Jul 6, 2023 | $0.38 | USD | ≈0.77% |
| Apr 5, 2023 | $0.38 | USD | ≈0.73% |
| Jan 5, 2023 | $0.38 | USD | ≈0.68% |
| Oct 17, 2022 | $0.36 | USD | ≈0.65% |
| Jun 30, 2022 | $0.36 | USD | ≈0.58% |
| Mar 31, 2022 | $0.36 | USD | ≈0.49% |
| Jan 6, 2022 | $0.36 | USD | ≈0.41% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $3.10 | $2.89 | 7.4% |
| March 31, 2026 | $3.18 | $2.71 | 17.2% | |
| Dec. 31, 2025 | $2.71 | $2.35 | 15.5% | |
| Sept. 30, 2025 | $2.55 | $2.47 | 3.3% | |
| June 30, 2025 | $2.40 | $2.24 | 7.2% | |
| March 31, 2025 | $2.23 | $2.10 | 6.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.45B | $2.28B | $2.04B | $1.87B | $1.70B | $1.39B | $1.18B | $1.02B | $912M | $799M | $789M | $760M | |
| Cost of Revenue | $953M | $896M | $844M | $779M | $698M | $556M | $483M | $411M | $387M | $344M | $330M | $319M | |
| SG&A Expense | $334M | $327M | $356M | $400M | $318M | $272M | $211M | $148M | $130M | $105M | $107M | $109M | |
| Operating Expenses | $1.94B | $1.85B | $1.81B | $1.70B | $1.44B | $1.17B | $989M | $804M | $742M | $618M | $598M | $654M | |
| Operating Income | $527M | $485M | $231M | $168M | $257M | $215M | $190M | $216M | $170M | $181M | $191M | $106M | |
| Other Non-op | $1M | $-1M | $14M | $-7M | $-4M | $-6M | $-3M | $2M | $-5M | $6M | $1M | $100.0K | |
| Pretax Income | $496M | $474M | $174M | $131M | $250M | $283M | $198M | $233M | $181M | $225M | $194M | $114M | |
| Income Tax | $122M | $104M | $33M | $56M | $63M | $60M | $46M | $48M | $43M | $64M | $63M | $36M | |
| Net Income | $374M | $370M | $141M | $70M | $193M | $224M | $152M | $183M | $137M | $161M | $133M | $78M | |
| EPS (Basic) | $8.93 | $8.64 | $3.31 | $1.65 | $4.50 | $5.22 | $3.56 | $4.30 | $3.21 | $3.74 | $3.00 | $1.75 | |
| EPS (Diluted) | $8.87 | $8.58 | $3.29 | $1.64 | $4.45 | $5.18 | $3.52 | $4.25 | $3.18 | $3.72 | $3.00 | $1.74 | |
| Shares (Basic) | 41,900,000 | 42,800,000 | 42,600,000 | 42,600,000 | 43,000,000 | 42,900,000 | 42,700,000 | 42,600,000 | 42,700,000 | 43,000,000 | 44,200,000 | 44,700,000 | |
| Shares (Diluted) | 42,200,000 | 43,100,000 | 42,900,000 | 42,900,000 | 43,400,000 | 43,200,000 | 43,200,000 | 43,000,000 | 43,000,000 | 43,300,000 | 44,300,000 | 44,900,000 | |
| EBITDA | $716M | $675M | $416M | $334M | $408M | $355M | $307M | $312M | $261M | $252M | $255M | $160M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $474M | $503M | $338M | $377M | $484M | $422M | $334M | $369M | $308M | $259M | $207M | $185M | |
| Short-term Investments | $54M | $48M | $51M | $38M | $62M | $42M | $33M | $27M | $45M | $45M | $42M | $39M | |
| Receivables | $390M | $358M | $344M | $308M | $269M | $205M | $188M | $172M | $148M | $146M | $139M | $137M | |
| Prepaid Expense | $42M | $42M | $35M | $37M | $31M | $32M | · | · | · | · | · | · | |
| Other Current Assets | $25M | $11M | $5M | $11M | $2M | $6M | $24M | $17M | $28M | $22M | $22M | $30M | |
| Current Assets | $1.04B | $1.01B | $816M | $811M | $888M | $730M | $603M | $602M | $530M | $472M | $410M | $391M | |
| PP&E (Net) | $232M | $219M | $208M | $199M | $172M | $155M | $155M | $144M | $147M | $152M | $134M | $118M | |
| PP&E (Gross) | $1.13B | $1.01B | $922M | $810M | $701M | $607M | $532M | $495M | $432M | $367M | $304M | $250M | |
| Accum. Depreciation | $900M | $790M | $714M | $611M | $529M | $452M | $377M | $352M | $285M | $215M | $170M | $133M | |
| Goodwill | $1.61B | $1.56B | $1.58B | $1.57B | $1.21B | $1.21B | $1.04B | $557M | $565M | $557M | $364M | $370M | |
| Intangibles | $379M | $409M | $484M | $549M | $328M | $380M | $333M | $74M | $95M | $121M | $74M | $96M | |
| Other Non-current Assets | $12M | $9M | $9M | $10M | $12M | $14M | $12M | $5M | $6M | $9M | $11M | $7M | |
| Total Assets | $3.59B | $3.55B | $3.40B | $3.47B | $2.86B | $2.70B | $2.37B | $1.45B | $1.41B | $1.35B | $1.03B | $1.01B | |
| Accounts Payable | · | · | · | · | · | · | $59M | · | · | · | · | · | |
| Short-term Debt | $0 | · | $32M | $32M | $0 | · | $11M | · | · | $0 | $35M | $30M | |
| Current Liabilities | $1.05B | $967M | $881M | $882M | $784M | $626M | $496M | $363M | $323M | $295M | $304M | $294M | |
| Capital Leases | $147M | $170M | $151M | $177M | $136M | $138M | $139M | $0 | · | · | · | · | |
| Deferred Tax | $27M | $28M | $36M | $63M | $102M | $109M | $95M | $22M | $24M | $38M | $20M | $17M | |
| Other Non-current Liabilities | $14M | $11M | $9M | $14M | $14M | $34M | $11M | $38M | $21M | $36M | $30M | $11M | |
| Total Liabilities | $2.37B | $1.93B | $2.08B | $2.27B | $1.45B | $1.42B | $1.29B | $519M | $601M | $654M | $388M | $356M | |
| Long-term Debt | $1.07B | $699M | $940M | $1.08B | $359M | $449M | $513M | $70M | · | · | · | · | |
| Total Debt | $1.07B | $699M | $972M | $1.11B | $359M | $449M | $513M | · | · | $0 | $35M | $30M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Retained Earnings | $2.21B | $1.91B | $1.61B | $1.53B | $1.53B | $1.39B | $1.22B | $1.11B | $959M | $862M | $739M | $642M | |
| Treasury Stock | $1.79B | $994M | $986M | $987M | $764M | $767M | $729M | $727M | $708M | $668M | $620M | $524M | |
| AOCI | $-68M | $-119M | $-86M | $-99M | $-35M | $-22M | $-61M | $-75M | $-47M | $-82M | $-55M | $-25M | |
| Stockholders' Equity | $1.22B | $1.62B | $1.33B | $1.21B | $1.42B | $1.27B | $1.08B | $935M | $805M | $697M | $641M | $654M | |
| Liabilities + Equity | $3.59B | $3.55B | $3.40B | $3.47B | $2.86B | $2.70B | $2.37B | $1.45B | $1.41B | $1.35B | $1.03B | $1.01B | |
| Shares Outstanding | 39,740,881 | 42,869,380 | 42,728,182 | 42,480,051 | 43,136,273 | 42,898,158 | 42,848,359 | 42,624,118 | 42,547,707 | 42,932,994 | 43,403,076 | 44,345,763 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $190M | $190M | $185M | $167M | $151M | $140M | $118M | $97M | $91M | $71M | $64M | $55M | |
| Stock-based Comp | $56M | $55M | $53M | $83M | $42M | $37M | $44M | $32M | $24M | $14M | $17M | $18M | |
| Deferred Tax | $-42M | $-35M | $-32M | $-38M | $-12M | $-6M | $-6M | $-7M | $-14M | $5M | $3M | $3M | |
| Amort. of Intangibles | $60M | $64M | $70M | $67M | $62M | $59M | $36M | $21M | $24M | $19M | $22M | $22M | |
| Other Non-cash | $12M | $11M | $-30M | $15M | $76M | $-9M | $26M | $10M | $12M | $-37M | $22M | $-22M | |
| Operating Cash Flow | $590M | $592M | $316M | $298M | $450M | $384M | $334M | $315M | $250M | $214M | $242M | $137M | |
| CapEx | $147M | $143M | $119M | $130M | $102M | $77M | $80M | $76M | $67M | $63M | $57M | $58M | |
| Investing Cash Flow | $-139M | $-21M | $-82M | $-799M | $-168M | $-124M | $-746M | $-50M | $-61M | $-274M | $-80M | $-31M | |
| Net Debt Issued | · | · | · | · | · | · | $-166M | $-110M | $-70M | · | · | · | |
| Stock Repurchased | $787M | $12M | $1M | $226M | $1M | $42M | $5M | $21M | $42M | $49M | $97M | $77M | |
| Net Stock Activity | $-787M | $-12M | $-1M | $-226M | $-1M | $-42M | $-5M | $-21M | $-42M | $-49M | $-97M | $-77M | |
| Dividends Paid | $77M | $69M | $64M | $62M | $54M | $51M | $48M | $43M | $39M | $38M | $34M | $30M | |
| Financing Cash Flow | $-515M | $-384M | $-278M | $415M | $-212M | $-182M | $374M | $-189M | $-158M | $124M | $-128M | $-76M | |
| Net Change in Cash | $-28M | $165M | $-39M | $-107M | $61M | $88M | $-35M | $61M | $49M | $52M | $22M | $17M | |
| Taxes Paid | $172M | $116M | $73M | $75M | $81M | $58M | $63M | $67M | $47M | $58M | $50M | $30M | |
| Free Cash Flow | $443M | $449M | $197M | $168M | $348M | $308M | $254M | $239M | $184M | $151M | $182M | $74M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 21.5% | 21.3% | 11.3% | 9.0% | 15.1% | 15.5% | 16.1% | 21.2% | 18.6% | 22.6% | 24.2% | 13.9% | |
| Net Margin | 15.3% | 16.3% | 6.9% | 3.8% | 11.4% | 16.1% | 12.9% | 17.9% | 15.0% | 20.2% | 16.8% | 10.3% | |
| Pretax Margin | 20.3% | 21.6% | 8.9% | 7.0% | 14.7% | 20.4% | 16.8% | 22.8% | 19.9% | 28.2% | 24.6% | 15.0% | |
| EBITDA Margin | 29.3% | 29.7% | 20.4% | 17.9% | 24.0% | 25.5% | 26.1% | 30.6% | 28.6% | 31.5% | 32.3% | 21.1% | |
| ROA | 10.5% | 10.6% | 4.1% | 2.2% | 7.0% | 8.8% | 8.0% | 12.8% | 9.9% | 13.5% | 13.0% | 7.6% | |
| ROE | 26.4% | 23.2% | 11.0% | 5.9% | 13.8% | 18.3% | 14.3% | 19.7% | 18.2% | 24.1% | 20.5% | 11.7% | |
| ROIC | 17.3% | 16.5% | 8.2% | 4.1% | 10.9% | 9.9% | 9.2% | 18.4% | 16.1% | 18.6% | 19.1% | 10.6% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.0 | 0.9 | 0.9 | 1.1 | 1.2 | 1.2 | 1.7 | 1.6 | 1.6 | 1.3 | 1.4 | |
| Quick Ratio | 0.9 | 0.9 | 0.8 | 0.8 | 1.0 | 1.1 | 1.1 | 1.6 | 1.6 | 1.5 | 1.3 | 1.2 | |
| Debt / Equity | 0.9 | 0.4 | 0.7 | 0.9 | 0.3 | 0.4 | 0.5 | · | · | 0.0 | 0.1 | 0.0 | |
| LT Debt / Equity | 0.9 | 0.4 | 0.7 | 0.9 | 0.3 | 0.4 | 0.5 | · | · | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.7 | |
| Receivables Turnover | 6.5 | 6.5 | 6.3 | 6.5 | 7.2 | 7.1 | 6.5 | 6.4 | 6.2 | 5.6 | 5.7 | 6.1 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $30.75 | $37.76 | $31.08 | $28.42 | $32.82 | $29.64 | $25.29 | $20.05 | $18.92 | $16.22 | $14.75 | $14.74 | |
| Revenue / Share | $57.95 | $52.79 | $47.52 | $43.60 | $39.15 | $32.16 | $27.29 | $23.72 | $21.20 | $18.44 | $17.81 | $16.93 | |
| Cash Flow / Share | $13.97 | $13.73 | $7.38 | $6.94 | $10.37 | $8.90 | $7.74 | $7.32 | $5.82 | $4.94 | $5.39 | $2.94 | |
| Cash / Share | $11.94 | $11.73 | $7.91 | $8.87 | $11.22 | $9.85 | $7.80 | $7.92 | $7.24 | $6.04 | $4.77 | $4.18 | |
| Dividend / Share | $1.87 | $1.67 | $1.53 | $1.46 | $1.31 | $1.22 | $1.14 | $1.03 | $0.94 | $0.89 | $0.79 | $0.70 | |
| Dividend Paid / Share | $1.82 | $1.62 | $1.50 | $1.44 | $1.26 | $1.20 | $1.12 | $1.00 | $0.92 | $0.88 | $0.76 | $0.68 | |
| EPS (TTM) | $8.87 | $8.58 | $3.29 | $1.64 | $4.45 | $5.18 | $3.52 | $4.25 | $3.18 | $3.72 | $3.00 | $1.74 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.5% | 11.6% | 9.0% | 10.1% | 22.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 9.3% | 10.2% | 13.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 12.0% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 3.4% | 160.8% | 100.6% | -63.1% | -14.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 75.5% | 24.5% | -14.0% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 11.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 1.2% | 162.2% | 100.1% | -63.5% | -13.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 74.4% | 24.1% | -14.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 10.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 8.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.45B | $2.28B | $2.04B | $1.87B | $1.70B | $1.39B | $1.18B | $1.02B | $912M | $799M | $789M | $760M | |
| Net Income TTM | $374M | $370M | $141M | $70M | $193M | $224M | $152M | $183M | $137M | $161M | $133M | $78M | |
| Market Cap | $8.64B | $14.44B | $12.23B | $9.20B | $14.75B | $9.93B | $6.48B | $5.12B | $4.13B | $3.16B | $3.49B | $2.87B | |
| Enterprise Value | $9.18B | $14.58B | $12.81B | $9.90B | $14.57B | $9.92B | $6.63B | · | · | $2.85B | $3.28B | $2.68B | |
| P/E | 24.5 | 39.2 | 87.0 | 132.1 | 76.9 | 44.7 | 43.0 | 25.8 | 30.5 | 19.8 | 26.8 | 37.2 | |
| P/S | 3.5 | 6.3 | 6.0 | 4.9 | 8.7 | 7.1 | 5.5 | 5.0 | 4.5 | 4.0 | 4.4 | 3.8 | |
| P/B | 7.1 | 8.9 | 9.2 | 7.6 | 10.4 | 7.8 | 6.0 | 5.5 | 5.1 | 4.5 | 5.5 | 4.4 | |
| P / Cash Flow | 14.6 | 24.4 | 38.7 | 30.9 | 32.8 | 25.8 | 19.4 | 16.3 | 16.5 | 14.8 | 14.6 | 21.7 | |
| P / FCF | 19.5 | 32.2 | 62.0 | 54.7 | 42.4 | 32.3 | 25.5 | 21.5 | 22.5 | 20.9 | 19.2 | 38.8 | |
| EV / EBITDA | 12.8 | 21.6 | 30.8 | 29.6 | 35.7 | 28.0 | 21.6 | · | · | 11.3 | 12.8 | 16.7 | |
| EV / FCF | 20.7 | 32.5 | 64.9 | 58.8 | 41.8 | 32.2 | 26.1 | · | · | 18.9 | 18.0 | 36.2 | |
| EV / Revenue | 3.8 | 6.4 | 6.3 | 5.3 | 8.6 | 7.1 | 5.6 | · | · | 3.6 | 4.2 | 3.5 | |
| Dividend Yield | 0.89% | 0.48% | 0.52% | 0.67% | 0.37% | 0.52% | 0.74% | 0.83% | 0.95% | 1.2% | 0.97% | 1.1% | |
| Earnings Yield | 4.1% | 2.5% | 1.1% | 0.76% | 1.3% | 2.2% | 2.3% | 3.9% | 3.3% | 5.1% | 3.7% | 2.7% | |
| Payout Ratio | 20.5% | 18.7% | 45.3% | 87.2% | 28.0% | 23.0% | 31.4% | 23.3% | 28.7% | 23.5% | 25.4% | 39.0% | |
| Annual Payout | $77M | $69M | $64M | $62M | $54M | $51M | $48M | $43M | $39M | $38M | $34M | $30M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $663M | $645M | $641M | $617M | $605M | $582M | $591M | $569M | $572M | $543M | $539M | $516M | $505M | $480M | $475M | $468M | |
| Cost of Revenue | $239M | $239M | $249M | $242M | $231M | $231M | $232M | $223M | $223M | $218M | $205M | $203M | $216M | $219M | $195M | $195M | |
| SG&A Expense | $98M | $84M | $90M | $86M | $82M | $76M | $89M | $78M | $80M | $80M | $92M | $90M | $90M | $84M | $106M | $117M | |
| Operating Expenses | $509M | $490M | $505M | $490M | $481M | $468M | $487M | $454M | $463M | $450M | $444M | $446M | $463M | $455M | $440M | $446M | |
| Operating Income | $161M | $156M | $160M | $128M | $125M | $114M | $168M | $116M | $108M | $93M | $94M | $70M | $42M | $24M | $36M | $22M | |
| Other Non-op | $4M | $-400.0K | $2M | $2M | $-1M | $-200.0K | $4M | $0 | $-9M | $3M | $10M | $-2M | $4M | $2M | $6M | $-14M | |
| Pretax Income | $147M | $142M | $148M | $123M | $116M | $108M | $146M | $152M | $90M | $87M | $83M | $57M | $32M | $2M | $31M | $-2M | |
| Income Tax | $38M | $35M | $36M | $31M | $26M | $27M | $34M | $30M | $19M | $21M | $14M | $17M | $-6M | $8M | $26M | $5M | |
| Net Income | $108M | $107M | $115M | $92M | $89M | $78M | $117M | $120M | $69M | $64M | $74M | $39M | $36M | $-8M | $3M | $-9M | |
| EPS (Basic) | $2.85 | $2.74 | $2.81 | $2.18 | $2.11 | $1.83 | $2.74 | $2.79 | $1.61 | $1.50 | $1.72 | $0.92 | $0.85 | $-0.18 | $0.08 | $-0.21 | |
| EPS (Diluted) | $2.83 | $2.73 | $2.79 | $2.17 | $2.09 | $1.82 | $2.72 | $2.77 | $1.60 | $1.49 | $1.72 | $0.91 | $0.84 | $-0.18 | $0.09 | $-0.21 | |
| Shares (Basic) | 37,800,000 | 39,100,000 | · | 42,100,000 | 42,200,000 | 42,800,000 | · | 42,900,000 | 42,800,000 | 42,700,000 | · | 42,700,000 | 42,600,000 | 42,500,000 | · | 42,500,000 | |
| Shares (Diluted) | 38,100,000 | 39,300,000 | · | 42,300,000 | 42,500,000 | 43,100,000 | · | 43,200,000 | 43,100,000 | 43,000,000 | · | 42,900,000 | 42,800,000 | 42,500,000 | · | 42,700,000 | |
| EBITDA | $214M | $208M | · | $175M | $174M | $161M | · | $161M | $158M | $140M | · | $117M | $89M | $69M | · | $66M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | $474M | · | · | · | $503M | · | · | · | · | · | · | · | · | · | |
| Short-term Investments | $34M | $39M | $54M | $40M | $38M | $48M | $48M | $49M | $48M | $55M | · | $39M | $35M | $33M | · | $34M | |
| Receivables | $383M | $403M | $390M | $364M | $384M | $342M | $358M | $328M | $336M | $326M | · | $298M | $322M | $298M | · | $284M | |
| Prepaid Expense | $57M | $57M | $42M | $42M | $49M | $54M | $42M | $44M | $45M | $49M | · | $41M | $46M | $48M | · | $40M | |
| Other Current Assets | $24M | $20M | $25M | $11M | $11M | $11M | $11M | $8M | $14M | $5M | · | $5M | $4M | $8M | · | $11M | |
| Current Assets | $1.03B | $1.06B | $1.04B | $979M | $1.04B | $1.01B | $1.01B | $1.02B | $876M | $831M | · | $758M | $807M | $781M | · | $789M | |
| PP&E (Net) | $240M | $235M | $232M | $226M | $226M | $222M | $219M | $212M | $210M | $211M | · | $204M | $206M | $202M | · | $188M | |
| PP&E (Gross) | · | · | $1.13B | · | · | · | $1.01B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $962M | $930M | $900M | $822M | $822M | $822M | $790M | $790M | $759M | $741M | · | $691M | $667M | $590M | · | $590M | |
| Goodwill | $1.75B | $1.75B | $1.61B | $1.61B | $1.62B | $1.60B | $1.56B | $1.58B | $1.57B | $1.57B | $1.58B | $1.57B | $1.58B | $1.58B | $1.57B | $1.54B | |
| Intangibles | $569M | $591M | $379M | $396M | $413M | $420M | $409M | $432M | $443M | $463M | · | $495M | $518M | $533M | · | $559M | |
| Other Non-current Assets | $22M | $18M | $12M | $10M | $9M | $9M | $9M | $7M | $7M | $8M | · | $9M | $10M | $10M | · | $11M | |
| Total Assets | $3.95B | $3.99B | $3.59B | $3.56B | $3.63B | $3.59B | $3.55B | $3.57B | $3.40B | $3.39B | · | $3.34B | $3.46B | $3.45B | · | $3.42B | |
| Short-term Debt | $18M | $18M | · | · | · | · | · | $0 | $0 | $32M | · | $32M | $32M | $32M | · | $32M | |
| Current Liabilities | $980M | $1.03B | $1.05B | $946M | $921M | $912M | $967M | $896M | $837M | $847M | · | $810M | $815M | $844M | · | $806M | |
| Capital Leases | $150M | $151M | $147M | $154M | $156M | $162M | $170M | $146M | $137M | $144M | · | $149M | $160M | $170M | · | $162M | |
| Deferred Tax | $22M | $22M | $27M | $27M | $30M | $30M | $28M | $30M | $30M | $33M | · | $52M | $58M | $66M | · | $72M | |
| Other Non-current Liabilities | $21M | $14M | $14M | $14M | $14M | $13M | $11M | $20M | $19M | $18M | · | $15M | $15M | $14M | · | $15M | |
| Total Liabilities | $2.92B | $2.97B | $2.37B | $2.04B | $2.02B | $1.98B | $1.93B | $2.00B | $1.97B | $2.01B | · | $2.10B | $2.22B | $2.25B | · | $2.24B | |
| Long-term Debt | $1.70B | $1.69B | · | $849M | $839M | $804M | · | $865M | $900M | $917M | · | $1.02B | $1.12B | $1.10B | · | $1.13B | |
| Total Debt | $1.73B | $1.73B | · | $849M | $839M | $804M | · | $865M | $900M | $982M | · | $1.09B | $1.19B | $1.16B | · | $1.19B | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Retained Earnings | $2.38B | $2.29B | $2.21B | $2.11B | $2.04B | $1.97B | $1.91B | $1.81B | $1.71B | $1.66B | · | $1.55B | $1.53B | $1.51B | · | $1.56B | |
| Treasury Stock | $2.19B | $2.09B | $1.79B | $1.39B | $1.22B | $1.10B | $994M | $982M | $984M | $986M | · | $986M | $987M | $987M | · | $982M | |
| AOCI | $-86M | $-79M | $-68M | $-71M | $-61M | $-102M | $-119M | $-74M | $-98M | $-97M | · | $-107M | $-84M | $-92M | · | $-141M | |
| Stockholders' Equity | $1.02B | $1.02B | $1.22B | $1.51B | $1.61B | $1.61B | $1.62B | $1.57B | $1.43B | $1.38B | $1.33B | $1.24B | $1.24B | $1.20B | $1.21B | $1.18B | |
| Liabilities + Equity | $3.95B | $3.99B | $3.59B | $3.56B | $3.63B | $3.59B | $3.55B | $3.57B | $3.40B | $3.39B | · | $3.34B | $3.46B | $3.45B | · | $3.42B | |
| Shares Outstanding | 37,513,530 | 38,027,605 | 39,740,881 | 41,506,582 | 42,176,959 | 42,501,250 | 42,869,380 | 42,884,181 | 42,838,572 | 42,745,570 | 42,728,182 | 42,699,798 | 42,653,561 | 42,550,943 | 42,480,051 | 42,472,580 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $54M | $52M | $47M | $47M | $48M | $47M | $48M | $46M | $49M | $47M | $46M | $47M | $47M | $45M | $45M | $44M | |
| Stock-based Comp | $27M | $11M | $10M | $19M | $18M | $9M | $16M | $13M | $14M | $11M | $11M | $15M | $15M | $12M | $25M | $22M | |
| Amort. of Intangibles | $21M | $19M | $15M | $15M | $15M | $14M | $15M | $15M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $19M | |
| Other Non-cash | · | $-78M | · | · | · | $-44M | · | · | · | $-29M | · | · | · | $-26M | · | · | |
| Operating Cash Flow | $156M | $92M | $204M | $196M | $99M | $91M | $153M | $192M | $153M | $94M | $138M | $131M | $24M | $23M | $104M | $102M | |
| CapEx | $33M | $38M | $43M | $36M | $37M | $32M | $41M | $36M | $32M | $34M | $30M | $29M | $30M | $30M | $36M | $34M | |
| Investing Cash Flow | $-26M | $-384M | $-12M | $-33M | $-24M | $-71M | $24M | $14M | $-33M | $-27M | $-33M | $-21M | $-27M | $-700.0K | $-38M | $-36M | |
| Stock Repurchased | $100M | $300M | $395M | $170M | $112M | $110M | $12M | $0 | $0 | $0 | $0 | $0 | $1M | $0 | $8M | $15M | |
| Net Stock Activity | · | $-300M | · | · | · | $-110M | · | · | · | · | · | · | · | $0 | · | · | |
| Dividends Paid | $19M | $20M | $19M | $19M | $19M | $20M | $17M | $17M | $17M | $17M | $16M | $16M | $16M | $16M | $15M | $15M | |
| Financing Cash Flow | $-131M | $317M | $-194M | $-188M | $-108M | $-24M | $-199M | $-60M | $-82M | $-44M | $-103M | $-120M | $-6M | $-49M | $-77M | $-57M | |
| Net Change in Cash | $-3M | $18M | $300.0K | $-29M | $-8M | $9M | $-50M | $162M | $38M | $16M | $13M | $-18M | $-9M | $-24M | $4M | $-8M | |
| Taxes Paid | $67M | $27M | $38M | $40M | $80M | $14M | $50M | $22M | $32M | $12M | $26M | $14M | $24M | $9M | $18M | $12M | |
| Free Cash Flow | · | $54M | · | · | · | $59M | · | · | · | $60M | · | · | · | $-6M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 24.2% | 24.2% | · | 20.7% | 20.7% | 19.6% | · | 20.3% | 19.0% | 17.1% | · | 13.6% | 8.3% | 5.1% | · | 4.7% | |
| Net Margin | 16.2% | 16.6% | · | 14.8% | 14.7% | 13.5% | · | 21.0% | 12.1% | 11.8% | · | 7.6% | 7.1% | -1.6% | · | -1.9% | |
| Pretax Margin | 22.2% | 22.0% | · | 19.9% | 19.2% | 18.6% | · | 26.7% | 15.7% | 16.0% | · | 11.1% | 6.3% | 0.44% | · | -0.49% | |
| EBITDA Margin | 32.3% | 32.2% | · | 28.3% | 28.7% | 27.7% | · | 28.3% | 27.6% | 25.8% | · | 22.6% | 17.6% | 14.4% | · | 14.1% | |
| ROA | 2.9% | 2.8% | · | 2.6% | 2.5% | 2.2% | · | 3.5% | 2.0% | 1.9% | · | 1.2% | 1.0% | -0.24% | · | -0.29% | |
| ROE | 8.2% | 8.2% | · | 5.9% | 5.8% | 5.2% | · | 8.5% | 5.2% | 5.0% | · | 3.2% | 2.9% | -0.59% | · | -0.70% | |
| ROIC | 4.3% | 4.3% | · | 4.0% | 4.0% | 3.5% | · | 3.8% | 3.6% | 3.0% | · | 2.1% | 2.1% | -3.1% | · | 3.1% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.0 | · | 1.0 | 1.1 | 1.1 | · | 1.1 | 1.0 | 1.0 | · | 0.9 | 1.0 | 0.9 | · | 1.0 | |
| Quick Ratio | 0.4 | 0.4 | · | 0.4 | 0.5 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | |
| Debt / Equity | 1.7 | 1.7 | · | 0.6 | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.7 | · | 0.9 | 1.0 | 1.0 | · | 1.0 | |
| LT Debt / Equity | 1.7 | 1.7 | · | 0.6 | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.7 | · | 0.8 | 0.9 | 0.9 | · | 1.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.2 | · | 0.2 | |
| Receivables Turnover | 1.7 | 1.7 | · | 1.8 | 1.7 | 1.7 | · | 1.8 | 1.7 | 1.7 | · | 1.8 | 1.6 | 1.7 | · | 1.8 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $27.29 | $26.79 | · | $36.48 | $38.28 | $37.86 | · | $36.51 | $33.47 | $32.36 | · | $29.14 | $28.97 | $28.31 | · | $27.76 | |
| Revenue / Share | $17.41 | $16.41 | · | $14.60 | $14.24 | $13.50 | · | $13.18 | $13.27 | $12.62 | · | $12.02 | $11.79 | $11.21 | · | $10.96 | |
| Cash Flow / Share | · | $2.33 | · | · | · | $2.11 | · | · | · | $2.18 | · | · | · | $0.55 | · | · | |
| Dividend / Share | $0.50 | $0.50 | $0.49 | $0.46 | $0.46 | $0.46 | $0.44 | $0.41 | $0.41 | $0.41 | $0.39 | $0.38 | $0.38 | $0.38 | $0.74 | $0.00 | |
| Dividend Paid / Share | $0.50 | $0.50 | $0.44 | $0.46 | $0.46 | $0.46 | $0.39 | $0.41 | $0.41 | $0.41 | $0.36 | $0.38 | $0.38 | $0.38 | $0.36 | $0.36 | |
| EPS (TTM) | $10.52 | $9.78 | · | $8.80 | $9.40 | $8.91 | · | $7.58 | $5.72 | $4.96 | · | $1.66 | $0.54 | $0.40 | · | $2.84 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.57B | $2.51B | · | $2.40B | $2.35B | $2.31B | · | $2.22B | $2.17B | $2.10B | · | $1.97B | $1.93B | $1.89B | · | $1.86B | |
| Net Income TTM | $422M | $403M | · | $376M | $404M | $384M | · | $326M | $246M | $213M | · | $71M | $23M | $17M | · | $124M | |
| Market Cap | $5.85B | $6.43B | · | $9.63B | $13.24B | $12.74B | · | $13.69B | $12.67B | $13.18B | · | $10.00B | $8.36B | $8.64B | · | $9.02B | |
| P/E | 14.8 | 17.3 | · | 26.4 | 33.4 | 33.7 | · | 42.1 | 51.7 | 62.2 | · | 141.1 | 363.1 | 507.6 | · | 74.8 | |
| P/S | 2.3 | 2.6 | · | 4.0 | 5.6 | 5.5 | · | 6.2 | 5.8 | 6.3 | · | 5.1 | 4.3 | 4.6 | · | 4.9 | |
| P/B | 5.7 | 6.3 | · | 6.4 | 8.2 | 7.9 | · | 8.7 | 8.8 | 9.5 | · | 8.0 | 6.8 | 7.2 | · | 7.6 | |
| P / Cash Flow | · | 70.3 | · | · | · | 140.1 | · | · | · | 140.8 | · | · | · | 369.2 | · | · | |
| Dividend Yield | 1.3% | 1.2% | · | 0.78% | 0.56% | 0.56% | · | 0.50% | 0.53% | 0.50% | · | 0.63% | 0.75% | 0.72% | · | 0.66% | |
| Earnings Yield | 6.7% | 5.8% | · | 3.8% | 3.0% | 3.0% | · | 2.4% | 1.9% | 1.6% | · | 0.71% | 0.28% | 0.20% | · | 1.3% | |
| Payout Ratio | · | 18.6% | · | · | · | 24.8% | · | · | · | 27.0% | · | · | · | -209.2% | · | · | |
| Annual Payout | $77M | $77M | · | $75M | $74M | $72M | · | $68M | $67M | $65M | · | $63M | $62M | $62M | · | $60M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $2.45B | $2.28B | $2.04B | $1.87B | $1.70B |
| Operating Margin % | 21.5% | 21.3% | 11.3% | 9.0% | 15.1% |
| Net Income | $374M | $370M | $141M | $70M | $193M |
| Diluted EPS | $8.87 | $8.58 | $3.29 | $1.64 | $4.45 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.9 | 0.4 | 0.7 | 0.9 | 0.3 |
| Current Ratio | 1.0 | 1.0 | 0.9 | 0.9 | 1.1 |
| Quick Ratio | 0.9 | 0.9 | 0.8 | 0.8 | 1.0 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $443M | $449M | $197M | $168M | $348M |
Institutional owners (13F) 446 filers · $4.4B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 67 (-9 vs prior Q) | 89 (-1 vs prior Q) | 132 (-29 vs prior Q) | 172 (+1 vs prior Q) | +1.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BAMCO INC /NY/ | $545,936,759 | 3,499,146 | 12.28% | Shares |
| VANGUARD GROUP INC | $515,973,040 | 2,374,364 | 11.61% | Shares |
| BlackRock, Inc. | $324,792,409 | 2,081,736 | 7.31% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $232,943,633 | 1,493,037 | 5.24% | Shares |
| MORGAN STANLEY | $231,555,301 | 1,484,135 | 5.21% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $203,510,622 | 1,304,388 | 4.58% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $148,230,702 | 950,075 | 3.33% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $139,545,224 | 894,406 | 3.14% | Shares |
| STATE STREET CORP | $111,784,117 | 716,473 | 2.51% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $90,244,525 | 578,315 | 2.03% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $87,661,437 | 561,857 | 1.97% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $87,052,139 | 557,955 | 1.96% | Shares |
| TWO SIGMA ADVISERS, LP | $76,971,202 | 354,200 | 1.73% | Shares |
| TWO SIGMA INVESTMENTS, LP | $75,552,529 | 484,249 | 1.70% | Shares |
| JANE STREET GROUP, LLC | $67,291,582 | 431,301 | 1.51% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $65,644,167 | 420,742 | 1.48% | Shares |
| Copeland Capital Management, LLC | $63,394,818 | 333,586 | 1.43% | Shares |
| KENSICO CAPITAL MANAGEMENT CORP | $44,325,282 | 284,100 | 1.00% | Shares |
| Invesco Ltd. | $40,453,958 | 259,287 | 0.91% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $37,936,294 | 244,324 | 0.85% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $37,252,895 | 238,770 | 0.84% | Shares |
| JPMORGAN CHASE & CO | $36,977,594 | 236,316 | 0.83% | Shares |
| Bank of New York Mellon Corp | $36,271,609 | 232,481 | 0.82% | Shares |
| UBS Group AG | $32,619,882 | 209,075 | 0.73% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $32,161,339 | 206,136 | 0.72% | Shares |
| Quantinno Capital Management LP | $31,706,536 | 203,220 | 0.71% | Shares |
| BANK OF AMERICA CORP /DE/ | $30,051,078 | 192,610 | 0.68% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $29,828,060 | 191,181 | 0.67% | Shares |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $28,388,671 | 149,383 | 0.64% | Shares |
| FMR LLC | $28,234,611 | 180,968 | 0.64% | Shares |
| GOLDMAN SACHS GROUP INC | $27,956,307 | 179,184 | 0.63% | Shares |
| NORTHERN TRUST CORP | $26,510,762 | 169,919 | 0.60% | Shares |
| MILLENNIUM MANAGEMENT LLC | $25,371,972 | 162,620 | 0.57% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $25,286,629 | 162,073 | 0.57% | Shares |
| Brookfield Corp /ON/ | $24,462,688 | 156,792 | 0.55% | Shares |
| NORGES BANK | $24,290,130 | 155,686 | 0.55% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $22,921,041 | 147,892 | 0.52% | Shares |
| ROYCE & ASSOCIATES LP | $22,622,276 | 144,996 | 0.51% | Shares |
| Gotham Asset Management, LLC | $22,201,490 | 142,299 | 0.50% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $21,355,706 | 136,878 | 0.48% | Shares |
| AMERIPRISE FINANCIAL INC | $21,354,805 | 136,872 | 0.48% | Shares |
| Cubist Systematic Strategies, LLC | $21,057,591 | 90,762 | 0.47% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $19,431,069 | 124,542 | 0.44% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $18,464,523 | 118,347 | 0.42% | Shares |
| AMERICAN CAPITAL MANAGEMENT INC | $17,934,031 | 114,947 | 0.40% | Shares |
| SEI INVESTMENTS CO | $17,595,242 | 112,779 | 0.40% | Shares |
| Crawford Fund Management, LLC | $17,084,191 | 109,500 | 0.38% | Shares |
| DF DENT & CO INC | $16,596,453 | 106,374 | 0.37% | Shares |
| JANUS HENDERSON GROUP PLC | $15,198,646 | 89,885 | 0.34% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $11,881,860 | 76,156 | 0.27% | Shares |
Company insiders 47 insiders · 7 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kunal Kapoor | CEO | May 15, 2026 A | 151,275 | 0 | 0 | $0 |
| Michael Holt | Chief Financial Officer | Sept. 1, 2026 F | 12,272 | 1 | 1 | $141,756 |
| Conan Wiersema | CAO & PAO | Sept. 1, 2026 F | 3,068 | 0 | 0 | $0 |
| Joseph D Mansueto | Executive Chairman | Aug. 24, 2026 S | 7,938,192 | 0 | 255 | $-75,756,101 |
| Daniel Joseph Dunn | Chief Revenue Officer | Nov. 15, 2025 M | 14,851 | 0 | 0 | $0 |
| Kimberly J Mcgarry | Chief Accounting Officer | Nov. 17, 2023 F | 2,307 | 0 | 0 | $0 |
| Bevin Desmond | Chief Talent & Culture Officer | Nov. 17, 2022 M | 24,774 | 0 | 0 | $0 |
| William M Lyons | Director | Aug. 3, 2026 S | 12,904 | 0 | 2 | $-324,300 |
| Doniel Sutton | Director | May 15, 2026 A | 4,970 | 0 | 0 | $0 |
| Robin Diamonte | Director | May 15, 2026 A | 11,338 | 0 | 0 | $0 |
| Anne L Bramman | Director | May 15, 2026 A | 1,505 | 0 | 0 | $0 |
| Caroline J Tsay | Director | May 15, 2026 A | 4,889 | 0 | 1 | $-131,088 |
| Cheryl A Francis | Director | May 15, 2026 A | 36,934 | 0 | 0 | $0 |
| Stephen Joynt | Director | May 15, 2026 A | 6,282 | 0 | 0 | $0 |
| Daniel Mansueto | 10% owner | Sept. 30, 2026 J | 3,196,048 | 0 | 0 | $0 |
| SoftBank Group Corp. | 10% owner | May 6, 2005 S | 0 | 0 | 0 | $0 |
| Steven N Kaplan | · | May 15, 2026 A | 43,080 | 0 | 0 | $0 |
| Gail S Landis | · | May 15, 2025 A | 6,069 | 0 | 0 | $0 |
| Jason Dubinsky | · | Dec. 13, 2024 S | 17,304 | 0 | 0 | $0 |
| Jack Noonan | · | May 15, 2020 A | 8,359 | 0 | 0 | $0 |
| Tricia Rothschild | · | Nov. 15, 2019 A | 9,666 | 0 | 0 | $0 |
| Patrick J Maloney | · | Nov. 15, 2019 A | 3,103 | 0 | 0 | $0 |
| Daniel Needham | · | Nov. 15, 2019 A | 24,533 | 0 | 0 | $0 |
| Haywood Kelly | · | Nov. 15, 2019 A | 17,575 | 0 | 0 | $0 |
| Hugh J Zentmyer | · | May 15, 2019 A | 20,157 | 0 | 0 | $0 |
| Robert B Pinkerton | · | Nov. 15, 2016 F | 2,717 | 0 | 0 | $0 |
| Stephane Biehler | · | Nov. 15, 2016 F | 18,052 | 0 | 0 | $0 |
| Catherine Gillis Odelbo | · | Oct. 28, 2016 A | 228,539 | 0 | 0 | $0 |
| James Tanner | · | May 15, 2016 F | 5,758 | 0 | 0 | $0 |
| Paul W Sturm | · | May 15, 2016 A | 46,656 | 0 | 0 | $0 |
| Donald James Phillips II | · | May 15, 2016 A | 160,187 | 0 | 0 | $0 |
| David W Williams | · | May 15, 2016 F | 43,605 | 0 | 0 | $0 |
| Gregory R Goff | · | Nov. 15, 2015 F | 18,161 | 0 | 0 | $0 |
| Richard E Robbins | · | July 31, 2015 A | 24,658 | 0 | 0 | $0 |
| Thomas Idzorek | · | Jan. 30, 2015 A | 27,533 | 0 | 0 | $0 |
| Christopher P Boruff | · | Jan. 31, 2014 A | 54,657 | 0 | 0 | $0 |
| Richard Scott Cooley | · | Oct. 31, 2013 A | 28,500 | 0 | 0 | $0 |
| Peng Chen | · | May 15, 2012 A | 36,006 | 0 | 0 | $0 |
| Elizabeth Kirscher | · | May 15, 2012 F | 45,451 | 0 | 0 | $0 |
| Tao Huang | · | Jan. 31, 2011 M | 476,096 | 0 | 0 | $0 |
| Patrick J Reinkemeyer | · | Nov. 10, 2010 M | 66,717 | 0 | 0 | $0 |
| Frank S Ptak | · | May 15, 2009 A | 9,416 | 0 | 0 | $0 |
| John A Rekenthaler | · | May 15, 2008 A | 157,375 | 0 | 0 | $0 |
| Timothy K Armour | · | Feb. 13, 2008 M | 450,229 | 0 | 0 | $0 |
| Arthur J Lutschaunig | · | July 10, 2007 D | 1,273 | 0 | 0 | $0 |
| Martha Dustin Boudos | · | July 10, 2007 M | 41,066 | 0 | 0 | $0 |
| Michael C Henkel | · | May 15, 2006 A | 11,243 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 75 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SMLL · Harbor ETF Trust | 4.43% | 3,219 NS | July 31, 2026 | N-PORT |
| GRPM · Invesco Exchange-Traded Fund Trust | 1.70% | 46,733 SH | Oct. 23, 2026 | Daily |
| FXO · First Trust Exchange-Traded AlphaDE… | 1.48% | 86,820 NS | July 31, 2026 | N-PORT |
| XMHQ · Invesco Exchange-Traded Fund Trust | 0.69% | 173,494 SH | Oct. 23, 2026 | Daily |
| MCOW · Pacer Funds Trust | 0.45% | 25 NS | July 31, 2026 | N-PORT |
| JMID · Janus Detroit Street Trust | 0.40% | 489 NS | July 31, 2026 | N-PORT |
| ACVU · Hartford Funds Exchange-Traded Trust | 0.30% | 2,797 NS | July 31, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.20% | 5,883 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.19% | 22,468 SH | Oct. 23, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.18% | 3,302 SH | Oct. 23, 2026 | Daily |
| IQSM · New York Life Investments ETF Trust | 0.15% | 2,623 NS | July 31, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.14% | 11,089 SH | Oct. 23, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.13% | 105,177 NS | July 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.12% | 2,421 NS | July 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.12% | 6,802 SH | Oct. 23, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.10% | 9,662 SH | Aug. 19, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.09% | 324 NS | July 31, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.09% | 35,595 SH | Aug. 19, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.09% | 10,664 SH | Aug. 19, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.09% | 2,944 NS | July 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 8,934 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.08% | 250,133 SH | Aug. 19, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.07% | 2,719 SH | Oct. 23, 2026 | Daily |
| ISCG · iShares Trust | 0.07% | 3,470 SH | Sept. 11, 2026 | Daily |
| ESML · iShares Trust | 0.07% | 10,069 SH | Sept. 11, 2026 | Daily |
| IYG · iShares Trust | 0.06% | 6,773 SH | Sept. 11, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.06% | 1,766 NS | July 31, 2026 | N-PORT |
| IYF · iShares Trust | 0.06% | 13,164 SH | Sept. 11, 2026 | Daily |
| SMMD · iShares Trust | 0.05% | 10,588 SH | Sept. 11, 2026 | Daily |
| FBUF · Fidelity Greenwood Street Trust | 0.05% | 57 NS | July 31, 2026 | N-PORT |
| FYEE · Fidelity Greenwood Street Trust | 0.04% | 494 NS | July 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.04% | 5,312 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.04% | 1,213 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 253,193 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.04% | 434,578 SH | Aug. 19, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.04% | 32,898 SH | Aug. 19, 2026 | Daily |
| REVS · Columbia ETF Trust I | 0.04% | 679 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.04% | 1,249 SH | Sept. 11, 2026 | Daily |
| IWS · iShares Trust | 0.03% | 27,001 SH | Sept. 11, 2026 | Daily |
| FHEQ · Fidelity Greenwood Street Trust | 0.03% | 1,472 NS | July 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.03% | 1,076 SH | Oct. 23, 2026 | Daily |
| DIVB · iShares Trust | 0.03% | 3,011 SH | Sept. 11, 2026 | Daily |
| DEUS · DBX ETF Trust | 0.03% | 387 NS | Aug. 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.03% | 80,328 SH | Sept. 11, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.02% | 6,390 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.02% | 3,489 SH | Oct. 23, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.02% | 1,779 NS | July 31, 2026 | N-PORT |
| DGRO · iShares Trust | 0.01% | 24,574 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.01% | 25,580 NS | July 31, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.01% | 124,613 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 10,963 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.01% | 40,362 SH | Sept. 11, 2026 | Daily |
| IWP · iShares Trust | 0.01% | 7,124 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.01% | 10,224 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.01% | 1,018 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.01% | 4,068 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.01% | 6,452 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 29,181 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.01% | 13,423 SH | Sept. 11, 2026 | Daily |
| IUSG · iShares Trust | 0.01% | 9,007 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 4,895 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 474 NS | July 31, 2026 | N-PORT |
| IWF · iShares Trust | 0.00% | 4,869 SH | Sept. 2, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 604,273 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 16,572 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,178 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,021 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,644 SH | Aug. 19, 2026 | Daily |
| IJH · iShares Trust | · | 773,705 SH | Sept. 11, 2026 | Daily |
| IJK · iShares Trust | · | 62,738 SH | Sept. 11, 2026 | Daily |
| IJJ · iShares Trust | · | 57,423 SH | Aug. 21, 2026 | Daily |
| IAI · iShares Trust | · | 27,197 SH | Sept. 11, 2026 | Daily |
| ISCB · iShares Trust | · | 916 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 2,128 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 21,839 SH | Sept. 11, 2026 | Daily |
MORN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
3 analysts · 2026-10-28Mean target $239.00 +8.8%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MORN | $8.64B | 24.5 | 7.5% | 15.3% | 26.4% | · |
| MSCI | $42.21B | 36.6 | 9.8% | 38.4% | -67.9% | · |
| COIN | $60.57B | 50.8 | 9.4% | 17.5% | 9.4% | · |
| CBOE | · | · | 15.1% | 23.3% | 22.4% | 51.5% |
| TW | $25.32B | 28.4 | 18.9% | 39.6% | 13.2% | · |
| FDS | $11.05B | 21.5 | 6.7% | 21.5% | 25.8% | · |
| MKTX | $6.48B | 27.3 | 3.6% | 29.1% | 19.5% | · |
| MIAX | $3.80B | -44.4 | 19.7% | -5.1% | -10.8% | 31.6% |
| DFIN | $1.20B | 40.6 | -1.9% | 4.2% | 8.0% | · |
| VALU | · | · | -4.7% | 64.7% | 20.3% | · |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
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