secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001289419-25-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar Q4 revenue up 9.7%, EPS $2.71; full-year revenue $2.3B, dividend raised 12.3%
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- Q4 revenue $591M (+9.7% reported, +10.6% organic); diluted EPS $2.71 (+58.5%).
- Full-year revenue $2.3B (+11.6%); adjusted diluted EPS $7.89 (+54.1%).
- Debt reduced $273.8M net; free cash flow $448.9M (+127.5%).
- Quarterly dividend raised 12.3% to $0.455 per share for 2025.
- Morningstar Credit revenue surged 33.8%; PitchBook revenue +12.5% with licensed users +16.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000025/0001289419-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000025/morn-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001289419-25-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer