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Morningstar, Inc. (MORN)
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| Price date | EPS fiscal end | Basic P/E (×) | Diluted P/E (×) | P/S (×) | P/FCF (×) |
|---|
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Morningstar, Inc. (MORN) · Nasdaq · USD · Sector unavailable · CIK 0001289419
Annual coverage: 2008-12-31–2025-12-31 (18 periods). Financial snapshot built 2026-10-09.
MORN annual financial history
All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.
See the calculation and limitations.
Annual per-share context (USD/share)
Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue / share | Total debt / share | Inputs & filing sources |
|---|---|---|---|
| 2025-12-31 | 57.95 | Unavailable | Inputs & filingsrevenue: 2445500000; averageDilutedShares: 42200000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 39740881 revenue (2026-02-13)averageDilutedShares (2026-02-13) periodEndShares (2026-02-13) |
| 2024-12-31 | 52.79 | Unavailable | Inputs & filingsrevenue: 2275100000; averageDilutedShares: 43100000; totalDebt: Borrowing components do not come from the same filing; periodEndShares: 42869380 revenue (2026-02-13)averageDilutedShares (2026-02-13) periodEndShares (2026-02-13) |
| 2023-12-31 | 47.52 | 23.51 | Inputs & filingsrevenue: 2038600000; averageDilutedShares: 42900000; totalDebt: 1004500000; periodEndShares: 42728182 revenue (2026-02-13)averageDilutedShares (2026-02-13) totalDebt component 1 (2025-02-28) · totalDebt component 2 (2025-02-28) periodEndShares (2025-02-28) |
| 2022-12-31 | 43.60 | 26.88 | Inputs & filingsrevenue: 1870600000; averageDilutedShares: 42900000; totalDebt: 1141700000; periodEndShares: 42480051 revenue (2025-02-28)averageDilutedShares (2025-02-28) totalDebt component 1 (2024-02-29) · totalDebt component 2 (2024-02-29) periodEndShares (2024-02-29) |
| 2021-12-31 | 39.15 | 8.33 | Inputs & filingsrevenue: 1699300000; averageDilutedShares: 43400000; totalDebt: 359400000; periodEndShares: 43136273 revenue (2024-02-29)averageDilutedShares (2024-02-29) totalDebt component 1 (2023-02-24) · totalDebt component 2 (2023-02-24) periodEndShares (2023-02-24) |
| 2020-12-31 | 32.16 | Unavailable | Inputs & filingsrevenue: 1389500000; averageDilutedShares: 43200000; totalDebt: Borrowing components do not come from the same filing; periodEndShares: 42898158 revenue (2023-02-24)averageDilutedShares (2023-02-24) periodEndShares (2022-02-25) |
| 2019-12-31 | 27.29 | 11.97 | Inputs & filingsrevenue: 1179000000; averageDilutedShares: 43200000; totalDebt: 513100000; periodEndShares: 42848359 revenue (2022-02-25)averageDilutedShares (2022-02-25) totalDebt component 1 (2021-02-26) · totalDebt component 2 (2021-02-26) periodEndShares (2021-02-26) |
| 2018-12-31 | 23.72 | 1.50 | Inputs & filingsrevenue: 1019900000; averageDilutedShares: 43000000; totalDebt: 70000000; periodEndShares: 46624118 revenue (2021-02-26)averageDilutedShares (2021-02-26) totalDebt component 1 (2020-03-02) · totalDebt component 2 (2020-03-02) periodEndShares (2020-03-02) |
| 2017-12-31 | 21.20 | Unavailable | Inputs & filingsrevenue: 911700000; averageDilutedShares: 43000000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 42547707 revenue (2020-03-02)averageDilutedShares (2020-03-02) periodEndShares (2019-03-01) |
| 2016-12-31 | 18.44 | Unavailable | Inputs & filingsrevenue: 798600000; averageDilutedShares: 43300000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 42932994 revenue (2019-03-01)averageDilutedShares (2019-03-01) periodEndShares (2018-03-01) |
| 2015-12-31 | 17.81 | Unavailable | Inputs & filingsrevenue: 788800000; averageDilutedShares: 44300000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 43403076 revenue (2018-03-01)averageDilutedShares (2018-03-01) periodEndShares (2017-03-01) |
| 2014-12-31 | 16.93 | Unavailable | Inputs & filingsrevenue: 760100000; averageDilutedShares: 44900000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 44345763 revenue (2017-03-01)averageDilutedShares (2017-03-01) periodEndShares (2016-03-01) |
| 2013-12-31 | 15.02 | Unavailable | Inputs & filingsrevenue: 698300000; averageDilutedShares: 46500000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 44967423 revenue (2016-03-01)averageDilutedShares (2016-03-01) periodEndShares (2015-02-27) |
| 2012-12-31 | 13.39 | Unavailable | Inputs & filingsrevenue: 658288000; averageDilutedShares: 49148000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 46541571 revenue (2015-02-27)averageDilutedShares (2015-02-27) periodEndShares (2014-02-28) |
| 2011-12-31 | 12.38 | Unavailable | Inputs & filingsrevenue: 631400000; averageDilutedShares: 50988000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 50083940 revenue (2014-02-28)averageDilutedShares (2014-02-28) periodEndShares (2013-02-28) |
| 2010-12-31 | 10.99 | Unavailable | Inputs & filingsrevenue: 555351000; averageDilutedShares: 50555000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 49874392 revenue (2011-02-28)averageDilutedShares (2013-02-28) periodEndShares (2012-02-24) |
| 2009-12-31 | 9.62 | Unavailable | Inputs & filingsrevenue: 478996000; averageDilutedShares: 49793000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 48768541 revenue (2011-02-28)averageDilutedShares (2012-02-24) periodEndShares (2011-02-28) |
| 2008-12-31 | 10.21 | Unavailable | Inputs & filingsrevenue: 502457000; averageDilutedShares: 49213000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date revenue (2011-02-28)averageDilutedShares (2011-02-28) |
Annual returns and cash generation (%)
Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | FCF margin (%) | FCF / net income (%) | ROCE (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 18.10 | 118.28 | 20.58 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":442600000,"capex":{"accession":"0001289419-26-000013","end":"2025-12-31","filed":"2026-02-13","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-26-000013","end":"2025-12-31","filed":"2026-02-13","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2445500000,"tag":"Revenues","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"netIncome":{"value":374200000,"tag":"ProfitLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"operatingIncome":{"value":526600000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingAssets":{"value":3548900000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingCurrentLiabilities":{"value":967300000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingCapitalEmployed":{"value":2581600000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":1618600000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingCash":{"value":502700000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingBorrowings":{"value":null,"reason":"Borrowing components do not come from the same filing"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":3590200000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingCurrentLiabilities":{"value":1053300000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingCapitalEmployed":{"value":2536900000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingTotalEquity":{"value":1221900000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingCash":{"value":474500000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":121500000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"pretaxIncome":{"value":495700000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"effectiveTaxRate":{"value":0.24510792818236837,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":397526165.0191648,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":2559250000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 18.09854835411981; cashConversion: 118.2789951897381; roce: 20.576340724821726 fcfMargin component 1 (2026-02-13) · fcfMargin component 2 (2026-02-13) · fcfMargin component 3 (2026-02-13)cashConversion component 1 (2026-02-13) · cashConversion component 2 (2026-02-13) · cashConversion component 3 (2026-02-13) roce component 1 (2026-02-13) · roce component 2 (2026-02-13) · roce component 3 (2026-02-13) · roce component 4 (2026-02-13) · roce component 5 (2026-02-13) |
| 2024-12-31 | 19.73 | 121.36 | 19.00 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":448900000,"capex":{"accession":"0001289419-26-000013","end":"2024-12-31","filed":"2026-02-13","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-26-000013","end":"2024-12-31","filed":"2026-02-13","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2275100000,"tag":"Revenues","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"netIncome":{"value":369900000,"tag":"ProfitLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"operatingIncome":{"value":484800000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingAssets":{"value":3403400000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-28","accession":"0001289419-25-000041","form":"10-K"},"openingCurrentLiabilities":{"value":880800000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-28","accession":"0001289419-25-000041","form":"10-K"},"openingCapitalEmployed":{"value":2522600000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC 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| 2023-12-31 | 9.68 | 139.83 | 9.02 | Inputs & filingsCalculation inputs: 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fcfMargin: 9.678210536642794; cashConversion: 139.82990786676118; roce: 9.016794072220376 fcfMargin component 1 (2026-02-13) · fcfMargin component 2 (2026-02-13) · fcfMargin component 3 (2026-02-13)cashConversion component 1 (2026-02-13) · cashConversion component 2 (2026-02-13) · cashConversion component 3 (2026-02-13) roce component 1 (2026-02-13) · roce component 2 (2024-02-29) · roce component 3 (2024-02-29) · roce component 4 (2025-02-28) · roce component 5 (2025-02-28) |
| 2022-12-31 | 9.00 | 238.72 | 7.18 | Inputs & filingsCalculation inputs: 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| 2021-12-31 | 20.48 | 180.08 | 12.39 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":348100000,"capex":{"accession":"0001289419-24-000010","end":"2021-12-31","filed":"2024-02-29","form":"10-K","start":"2021-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-24-000010","end":"2021-12-31","filed":"2024-02-29","form":"10-K","start":"2021-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1699300000,"tag":"Revenues","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-29","accession":"0001289419-24-000010","form":"10-K"},"netIncome":{"value":193300000,"tag":"ProfitLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-29","accession":"0001289419-24-000010","form":"10-K"},"operatingIncome":{"value":257000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-29","accession":"0001289419-24-000010","form":"10-K"},"openingAssets":{"value":2696000000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-25","accession":"0001289419-22-000005","form":"10-K"},"openingCurrentLiabilities":{"value":626500000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-25","accession":"0001289419-22-000005","form":"10-K"},"openingCapitalEmployed":{"value":2069500000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":1271400000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-02-29","accession":"0001289419-24-000010","form":"10-K"},"openingCash":{"value":422500000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-25","accession":"0001289419-22-000005","form":"10-K"},"openingBorrowings":{"value":null,"reason":"Borrowing components do not come from the same filing"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; 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| 2020-12-31 | 22.14 | 137.57 | 10.91 | Inputs & filingsCalculation inputs: 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fcfMargin: 22.137459517812164; cashConversion: 137.56708407871199; roce: 10.911118998124017 fcfMargin component 1 (2023-02-24) · fcfMargin component 2 (2023-02-24) · fcfMargin component 3 (2023-02-24)cashConversion component 1 (2023-02-24) · cashConversion component 2 (2023-02-24) · cashConversion component 3 (2023-02-24) roce component 1 (2023-02-24) · roce component 2 (2021-02-26) · roce component 3 (2021-02-26) · roce component 4 (2022-02-25) · roce component 5 (2022-02-25) |
| 2019-12-31 | 21.58 | 167.37 | 12.78 | Inputs & filingsCalculation inputs: 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fcfMargin: 21.57760814249364; cashConversion: 167.3684210526316; roce: 12.784464448265398 fcfMargin component 1 (2022-02-25) · fcfMargin component 2 (2022-02-25) · fcfMargin component 3 (2022-02-25)cashConversion component 1 (2022-02-25) · cashConversion component 2 (2022-02-25) · cashConversion component 3 (2022-02-25) roce component 1 (2022-02-25) · roce component 2 (2020-03-02) · roce component 3 (2020-03-02) · roce component 4 (2021-02-26) · roce component 5 (2021-02-26) |
| 2018-12-31 | 23.40 | 130.44 | 19.86 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":238700000,"capex":{"accession":"0001289419-21-000039","end":"2018-12-31","filed":"2021-02-26","form":"10-K","start":"2018-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-21-000039","end":"2018-12-31","filed":"2021-02-26","form":"10-K","start":"2018-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1019900000,"tag":"Revenues","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"netIncome":{"value":183000000,"tag":"ProfitLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"operatingIncome":{"value":215800000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"openingAssets":{"value":1405700000,"tag":"Assets","unit":"USD","start":null,"end":"2017-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingCurrentLiabilities":{"value":323200000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2017-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingCapitalEmployed":{"value":1082500000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":804900000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2017-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingTotalEquity":{"value":804900000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2017-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"openingCash":{"value":308200000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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| 2017-12-31 | 20.13 | 134.04 | 15.88 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":183500000,"capex":{"accession":"0001289419-20-000041","end":"2017-12-31","filed":"2020-03-02","form":"10-K","start":"2017-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-20-000041","end":"2017-12-31","filed":"2020-03-02","form":"10-K","start":"2017-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":911700000,"tag":"Revenues","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"netIncome":{"value":136900000,"tag":"ProfitLoss","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"operatingIncome":{"value":169800000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingAssets":{"value":1350900000,"tag":"Assets","unit":"USD","start":null,"end":"2016-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingCurrentLiabilities":{"value":294900000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2016-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingCapitalEmployed":{"value":1056000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":696500000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2016-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingTotalEquity":{"value":696800000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2016-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingCash":{"value":259100000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2016-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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| 2016-12-31 | 18.90 | 93.73 | 20.31 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":150900000,"capex":{"accession":"0001289419-19-000035","end":"2016-12-31","filed":"2019-03-01","form":"10-K","start":"2016-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-19-000035","end":"2016-12-31","filed":"2019-03-01","form":"10-K","start":"2016-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":798600000,"tag":"Revenues","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"netIncome":{"value":161000000,"tag":"ProfitLoss","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"operatingIncome":{"value":180800000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingAssets":{"value":1029000000,"tag":"Assets","unit":"USD","start":null,"end":"2015-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingCurrentLiabilities":{"value":304400000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2015-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingCapitalEmployed":{"value":724600000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":640300000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2015-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingTotalEquity":{"value":640600000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2015-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingCash":{"value":207100000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2015-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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| 2015-12-31 | 23.35 | 138.70 | 26.45 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":184200000,"capex":{"accession":"0001289419-18-000008","end":"2015-12-31","filed":"2018-03-01","form":"10-K","start":"2015-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-18-000008","end":"2015-12-31","filed":"2018-03-01","form":"10-K","start":"2015-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":788800000,"tag":"SalesRevenueNet","unit":"USD","start":"2015-01-01","end":"2015-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"netIncome":{"value":132800000,"tag":"ProfitLoss","unit":"USD","start":"2015-01-01","end":"2015-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"operatingIncome":{"value":190600000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2015-01-01","end":"2015-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingAssets":{"value":1010300000,"tag":"Assets","unit":"USD","start":null,"end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingCurrentLiabilities":{"value":293800000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingCapitalEmployed":{"value":716500000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":653500000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingTotalEquity":{"value":654400000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2014-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingCash":{"value":185200000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2014-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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| 2014-12-31 | 10.30 | 100.00 | 14.29 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":78300000,"capex":{"accession":"0001289419-17-000009","end":"2014-12-31","filed":"2017-03-01","form":"10-K","start":"2014-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-17-000009","end":"2014-12-31","filed":"2017-03-01","form":"10-K","start":"2014-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":760100000,"tag":"SalesRevenueNet","unit":"USD","start":"2014-01-01","end":"2014-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"netIncome":{"value":78300000,"tag":"ProfitLoss","unit":"USD","start":"2014-01-01","end":"2014-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"operatingIncome":{"value":105600000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2014-01-01","end":"2014-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingAssets":{"value":1030668000,"tag":"Assets","unit":"USD","start":null,"end":"2013-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingCurrentLiabilities":{"value":269545000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2013-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingCapitalEmployed":{"value":761123000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":690257000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2013-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingTotalEquity":{"value":691300000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2013-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingCash":{"value":168200000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2013-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 10.30127614787528; cashConversion: 100; roce: 14.29322635069974 fcfMargin component 1 (2017-03-01) · fcfMargin component 2 (2017-03-01) · fcfMargin component 3 (2017-03-01)cashConversion component 1 (2017-03-01) · cashConversion component 2 (2017-03-01) · cashConversion component 3 (2017-03-01) roce component 1 (2017-03-01) · roce component 2 (2015-02-27) · roce component 3 (2015-02-27) · roce component 4 (2016-03-01) · roce component 5 (2016-03-01) |
| 2013-12-31 | 21.92 | 124.07 | 22.09 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":153100000,"capex":{"accession":"0001289419-16-000256","end":"2013-12-31","filed":"2016-03-01","form":"10-K","start":"2013-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-16-000256","end":"2013-12-31","filed":"2016-03-01","form":"10-K","start":"2013-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":698300000,"tag":"SalesRevenueNet","unit":"USD","start":"2013-01-01","end":"2013-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"netIncome":{"value":123400000,"tag":"ProfitLoss","unit":"USD","start":"2013-01-01","end":"2013-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"operatingIncome":{"value":170700000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2013-01-01","end":"2013-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingAssets":{"value":1041952000,"tag":"Assets","unit":"USD","start":null,"end":"2012-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingCurrentLiabilities":{"value":257365000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2012-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingCapitalEmployed":{"value":784587000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":725517000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2012-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingTotalEquity":{"value":726900000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2012-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingCash":{"value":163900000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2012-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 21.924674208792784; cashConversion: 124.06807131280388; roce: 22.086937394465973 fcfMargin component 1 (2016-03-01) · fcfMargin component 2 (2016-03-01) · fcfMargin component 3 (2016-03-01)cashConversion component 1 (2016-03-01) · cashConversion component 2 (2016-03-01) · cashConversion component 3 (2016-03-01) roce component 1 (2016-03-01) · roce component 2 (2014-02-28) · roce component 3 (2014-02-28) · roce component 4 (2015-02-27) · roce component 5 (2015-02-27) |
| 2012-12-31 | 17.61 | 107.41 | 17.87 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":115957000,"capex":{"accession":"0001289419-15-000044","end":"2012-12-31","filed":"2015-02-27","form":"10-K","start":"2012-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-15-000044","end":"2012-12-31","filed":"2015-02-27","form":"10-K","start":"2012-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":658288000,"tag":"SalesRevenueNet","unit":"USD","start":"2012-01-01","end":"2012-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"netIncome":{"value":107962000,"tag":"ProfitLoss","unit":"USD","start":"2012-01-01","end":"2012-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"operatingIncome":{"value":150668000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2012-01-01","end":"2012-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingAssets":{"value":1172084000,"tag":"Assets","unit":"USD","start":null,"end":"2011-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingCurrentLiabilities":{"value":270633000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2011-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingCapitalEmployed":{"value":901451000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":855370000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2011-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingTotalEquity":{"value":857016000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2011-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingCash":{"value":200437000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2011-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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| 2011-12-31 | 22.43 | 144.08 | 15.96 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":141654000,"capex":{"accession":"0001289419-14-000044","end":"2011-12-31","filed":"2014-02-28","form":"10-K","start":"2011-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-14-000044","end":"2011-12-31","filed":"2014-02-28","form":"10-K","start":"2011-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":631400000,"tag":"SalesRevenueNet","unit":"USD","start":"2011-01-01","end":"2011-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"netIncome":{"value":98314000,"tag":"ProfitLoss","unit":"USD","start":"2011-01-01","end":"2011-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"operatingIncome":{"value":138415000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2011-01-01","end":"2011-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingAssets":{"value":1086302000,"tag":"Assets","unit":"USD","start":null,"end":"2010-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingCurrentLiabilities":{"value":252724000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2010-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingCapitalEmployed":{"value":833578000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":780316000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2010-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingTotalEquity":{"value":781425000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2010-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingCash":{"value":180176000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2010-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 22.434906556857776; cashConversion: 144.08324348515978; roce: 15.955352907645922 fcfMargin component 1 (2014-02-28) · fcfMargin component 2 (2014-02-28) · fcfMargin component 3 (2014-02-28)cashConversion component 1 (2014-02-28) · cashConversion component 2 (2014-02-28) · cashConversion component 3 (2014-02-28) roce component 1 (2014-02-28) · roce component 2 (2012-02-24) · roce component 3 (2012-02-24) · roce component 4 (2013-02-28) · roce component 5 (2013-02-28) |
| 2010-12-31 | 19.56 | 125.66 | 15.67 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":108645000,"capex":{"accession":"0001289419-13-000059","end":"2010-12-31","filed":"2013-02-28","form":"10-K","start":"2010-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-13-000059","end":"2010-12-31","filed":"2013-02-28","form":"10-K","start":"2010-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":555351000,"tag":"Revenues","unit":"USD","start":"2010-01-01","end":"2010-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"netIncome":{"value":86457000,"tag":"ProfitLoss","unit":"USD","start":"2010-01-01","end":"2010-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"operatingIncome":{"value":121059000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2010-01-01","end":"2010-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingAssets":{"value":919083000,"tag":"Assets","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingCurrentLiabilities":{"value":207502000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingCapitalEmployed":{"value":711581000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":664620000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingTotalEquity":{"value":665789000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2009-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingCash":{"value":130496000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2009-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 19.563303208241276; cashConversion: 125.66362469204344; roce: 15.66945537643699 fcfMargin component 1 (2013-02-28) · fcfMargin component 2 (2013-02-28) · fcfMargin component 3 (2013-02-28)cashConversion component 1 (2013-02-28) · cashConversion component 2 (2013-02-28) · cashConversion component 3 (2013-02-28) roce component 1 (2013-02-28) · roce component 2 (2011-02-28) · roce component 3 (2011-02-28) · roce component 4 (2012-02-24) · roce component 5 (2012-02-24) |
| 2009-12-31 | 18.56 | 108.40 | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":88884000,"capex":{"accession":"0001289419-12-000063","end":"2009-12-31","filed":"2012-02-24","form":"10-K","start":"2009-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-12-000063","end":"2009-12-31","filed":"2012-02-24","form":"10-K","start":"2009-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":478996000,"tag":"Revenues","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"netIncome":{"value":81997000,"tag":"ProfitLoss","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"operatingIncome":{"value":124673000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2008-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":530245000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2008-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingCash":{"value":173891000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2008-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2008-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":919083000,"tag":"Assets","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"closingCurrentLiabilities":{"value":207502000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"closingCapitalEmployed":{"value":711581000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":664620000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"closingTotalEquity":{"value":665789000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2009-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"closingCash":{"value":130496000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2009-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2009-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":82129000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"incomeTaxExpense":{"value":46775000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{"fcfMargin":{"fcfTotal":{"value":88884000,"capex":{"accession":"0001289419-12-000063","end":"2009-12-31","filed":"2012-02-24","form":"10-K","start":"2009-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-12-000063","end":"2009-12-31","filed":"2012-02-24","form":"10-K","start":"2009-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":478996000,"tag":"SalesRevenueNet","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"}}}}; fcfMargin: 18.556313622660735; cashConversion: 108.39908777150384; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2008-12-31 fcfMargin component 1 (2012-02-24) · fcfMargin component 2 (2012-02-24) · fcfMargin component 3 (2012-02-24)cashConversion component 1 (2012-02-24) · cashConversion component 2 (2012-02-24) · cashConversion component 3 (2012-02-24) roce component 1 (2012-02-24) · roce component 2 (2011-02-28) · roce component 3 (2011-02-28) |
| 2008-12-31 | Unavailable | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"revenue":{"value":502457000,"tag":"Revenues","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"netIncome":{"value":90026000,"tag":"ProfitLoss","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"operatingIncome":{"value":138876000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2007-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":402415000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2007-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingCash":{"value":159576000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2007-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2008-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":89629000,"tag":"NetIncomeLoss","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":54423000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Stored FCF total has no matching annual OCF/capex duration; cashConversion: Stored FCF total has no matching annual OCF/capex duration; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2007-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2008-12-31 fcfMargin component 1 (2011-02-28)cashConversion component 1 (2011-02-28) roce component 1 (2011-02-28) |
Annual operating facts
Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue (USD) | Operating margin (%) | Net margin (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 2,445,500,000.00 | 21.53 | 15.30 | Inputs & filingsrevenue: 2445500000; operatingIncome: 526600000; netIncome: 374200000 revenue (2026-02-13)operatingIncome (2026-02-13) netIncome (2026-02-13) |
| 2024-12-31 | 2,275,100,000.00 | 21.31 | 16.26 | Inputs & filingsrevenue: 2275100000; operatingIncome: 484800000; netIncome: 369900000 revenue (2026-02-13)operatingIncome (2026-02-13) netIncome (2026-02-13) |
| 2023-12-31 | 2,038,600,000.00 | 11.31 | 6.92 | Inputs & filingsrevenue: 2038600000; operatingIncome: 230600000; netIncome: 141100000 revenue (2026-02-13)operatingIncome (2026-02-13) netIncome (2026-02-13) |
| 2022-12-31 | 1,870,600,000.00 | 8.97 | 3.77 | Inputs & filingsrevenue: 1870600000; operatingIncome: 167800000; netIncome: 70500000 revenue (2025-02-28)operatingIncome (2025-02-28) netIncome (2025-02-28) |
| 2021-12-31 | 1,699,300,000.00 | 15.12 | 11.38 | Inputs & filingsrevenue: 1699300000; operatingIncome: 257000000; netIncome: 193300000 revenue (2024-02-29)operatingIncome (2024-02-29) netIncome (2024-02-29) |
| 2020-12-31 | 1,389,500,000.00 | 15.49 | 16.09 | Inputs & filingsrevenue: 1389500000; operatingIncome: 215200000; netIncome: 223600000 revenue (2023-02-24)operatingIncome (2023-02-24) netIncome (2023-02-24) |
| 2019-12-31 | 1,179,000,000.00 | 16.08 | 12.89 | Inputs & filingsrevenue: 1179000000; operatingIncome: 189600000; netIncome: 152000000 revenue (2022-02-25)operatingIncome (2022-02-25) netIncome (2022-02-25) |
| 2018-12-31 | 1,019,900,000.00 | 21.16 | 17.94 | Inputs & filingsrevenue: 1019900000; operatingIncome: 215800000; netIncome: 183000000 revenue (2021-02-26)operatingIncome (2021-02-26) netIncome (2021-02-26) |
| 2017-12-31 | 911,700,000.00 | 18.62 | 15.02 | Inputs & filingsrevenue: 911700000; operatingIncome: 169800000; netIncome: 136900000 revenue (2020-03-02)operatingIncome (2020-03-02) netIncome (2020-03-02) |
| 2016-12-31 | 798,600,000.00 | 22.64 | 20.16 | Inputs & filingsrevenue: 798600000; operatingIncome: 180800000; netIncome: 161000000 revenue (2019-03-01)operatingIncome (2019-03-01) netIncome (2019-03-01) |
| 2015-12-31 | 788,800,000.00 | 24.16 | 16.84 | Inputs & filingsrevenue: 788800000; operatingIncome: 190600000; netIncome: 132800000 revenue (2018-03-01)operatingIncome (2018-03-01) netIncome (2018-03-01) |
| 2014-12-31 | 760,100,000.00 | 13.89 | 10.30 | Inputs & filingsrevenue: 760100000; operatingIncome: 105600000; netIncome: 78300000 revenue (2017-03-01)operatingIncome (2017-03-01) netIncome (2017-03-01) |
| 2013-12-31 | 698,300,000.00 | 24.45 | 17.67 | Inputs & filingsrevenue: 698300000; operatingIncome: 170700000; netIncome: 123400000 revenue (2016-03-01)operatingIncome (2016-03-01) netIncome (2016-03-01) |
| 2012-12-31 | 658,288,000.00 | 22.89 | 16.40 | Inputs & filingsrevenue: 658288000; operatingIncome: 150668000; netIncome: 107962000 revenue (2015-02-27)operatingIncome (2015-02-27) netIncome (2015-02-27) |
| 2011-12-31 | 631,400,000.00 | 21.92 | 15.57 | Inputs & filingsrevenue: 631400000; operatingIncome: 138415000; netIncome: 98314000 revenue (2014-02-28)operatingIncome (2014-02-28) netIncome (2014-02-28) |
| 2010-12-31 | 555,351,000.00 | 21.80 | 15.57 | Inputs & filingsrevenue: 555351000; operatingIncome: 121059000; netIncome: 86457000 revenue (2011-02-28)operatingIncome (2013-02-28) netIncome (2013-02-28) |
| 2009-12-31 | 478,996,000.00 | 26.03 | 17.12 | Inputs & filingsrevenue: 478996000; operatingIncome: 124673000; netIncome: 81997000 revenue (2011-02-28)operatingIncome (2012-02-24) netIncome (2012-02-24) |
| 2008-12-31 | 502,457,000.00 | 27.64 | 17.92 | Inputs & filingsrevenue: 502457000; operatingIncome: 138876000; netIncome: 90026000 revenue (2011-02-28)operatingIncome (2011-02-28) netIncome (2011-02-28) |
Morningstar, Inc. (MORN) P/E ratio history
The interactive P/E chart contains all 1119 stored weekly price points (2005-05-06–2026-10-08); 928 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.
Fiscal-year-end snapshots
18 eligible fiscal-year-end observations span 2008-12-31–2025-12-31. Latest eligible diluted P/E: 24.70×; basic P/E: 24.53×, for fiscal end 2025-12-31, using the close on 2025-12-26.
Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.
Explore the P/E chart and optional reference lines · How P/E history is calculated.
Complete annual P/E history (18 fiscal periods)
| Fiscal end | Price date | Close | Price basis | Basic P/E | Diluted P/E | EPS filings |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2025-12-26 | 219.06 | Adjusted close | 24.53 | 24.70 | Basic EPS (2026-02-13) Diluted EPS (2026-02-13) |
| 2024-12-31 | 2024-12-27 | 339.81 | Adjusted close | 39.33 | 39.60 | Basic EPS (2026-02-13) Diluted EPS (2026-02-13) |
| 2023-12-31 | 2023-12-29 | 286.24 | Adjusted close | 86.48 | 87.00 | Basic EPS (2026-02-13) Diluted EPS (2026-02-13) |
| 2022-12-31 | 2022-12-30 | 216.59 | Adjusted close | 131.27 | 132.07 | Basic EPS (2025-02-28) Diluted EPS (2025-02-28) |
| 2021-12-31 | 2021-12-31 | 340.09 | Adjusted close | 75.57 | 76.42 | Basic EPS (2024-02-29) Diluted EPS (2024-02-29) |
| 2020-12-31 | 2020-12-31 | 229.42 | Adjusted close | 43.95 | 44.29 | Basic EPS (2023-02-24) Diluted EPS (2023-02-24) |
| 2019-12-31 | 2019-12-27 | 149.17 | Adjusted close | 41.90 | 42.38 | Basic EPS (2022-02-25) Diluted EPS (2022-02-25) |
| 2018-12-31 | 2018-12-28 | 107.12 | Adjusted close | 24.91 | 25.20 | Basic EPS (2021-02-26) Diluted EPS (2021-02-26) |
| 2017-12-31 | 2017-12-29 | 93.45 | Adjusted close | 29.11 | 29.39 | Basic EPS (2020-03-02) Diluted EPS (2020-03-02) |
| 2016-12-31 | 2016-12-30 | 70.06 | Adjusted close | 18.73 | 18.83 | Basic EPS (2019-03-01) Diluted EPS (2019-03-01) |
| 2015-12-31 | 2015-12-31 | 75.76 | Adjusted close | 25.25 | 25.25 | Basic EPS (2018-03-01) Diluted EPS (2018-03-01) |
| 2014-12-31 | 2014-12-26 | 61.59 | Adjusted close | 35.19 | 35.39 | Basic EPS (2017-03-01) Diluted EPS (2017-03-01) |
| 2013-12-31 | 2013-12-27 | 72.89 | Adjusted close | 27.20 | 27.40 | Basic EPS (2016-03-01) Diluted EPS (2016-03-01) |
| 2012-12-31 | 2012-12-28 | 57.11 | Adjusted close | 25.61 | 25.96 | Basic EPS (2015-02-27) Diluted EPS (2015-02-27) |
| 2011-12-31 | 2011-12-30 | 54.27 | Adjusted close | 27.69 | 28.27 | Basic EPS (2014-02-28) Diluted EPS (2014-02-28) |
| 2010-12-31 | 2010-12-31 | 48.34 | Adjusted close | 27.62 | 28.44 | Basic EPS (2013-02-28) Diluted EPS (2013-02-28) |
| 2009-12-31 | 2009-12-31 | 44.02 | Adjusted close | 25.74 | 26.68 | Basic EPS (2012-02-24) Diluted EPS (2012-02-24) |
| 2008-12-31 | 2008-12-26 | 30.48 | Adjusted close | 15.71 | 16.75 | Basic EPS (2011-02-28) Diluted EPS (2011-02-28) |
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