What does compensation and benefits mean?

Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.

Morningstar MORN Compensation and benefits

Compensation and benefits at other companies

BlackrockBLK

$2.23B+27.8%

Morgan StanleyMS

$8.54B+13.6%

Equitable HoldingsEQH

$625M+4.0%

Corebridge FinancialCRBG

$16.75M+15.5%

Wells Fargo & CompanyWFC

$9.59B+1.3%

FactSet Research SystemsFDS

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Segments

By segment

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PitchBook Segment$79.4M+4.3%

Morningstar Data and Analytics Segment$68.6M+18.9%

Morningstar Wealth Segment$44.4M+15.3%

Morningstar Credit Segment$24.9M-17.5%

Morningstar Retirement Segment$12M+3.4%

Other financials

Income statement

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Revenue$644.8M+10.8%

Gross profit$405.9M+15.8%

Operating income$155.9M+36.6%

Net income$107.1M+36.4%

EPS (diluted)$2.73+50.0%

Balance sheet

See full

Cash & equivalents$492.8M-3.7%

Total debt$1.9B+91.9%

Total equity$1.0B-36.7%

Total assets$4.0B+11.2%

Cash flow

See full

Operating cash flow$91.5M+0.5%

CapEx$37.9M+17.7%

Free cash flow$53.6M-8.8%

Valuation

See full

Market cap$5.84B-49.2%

Profitability

See full

Gross margin61.7%+1.0pp

Operating margin22.7%+0.8pp

Net margin16.1%-0.5pp

FCF margin17.4%-1.9pp

Returns & leverage

See full

Return on equity30.7%+5.0pp

Debt / equity1.9×+1.3×

Current ratio1×-0.1×

Questions, answered.

What does compensation and benefits mean?: Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.