Morningstar, Inc. (MORN) › Shareholders' EquityMorningstar, Inc. (MORN) — Shareholders' EquityAnnual figures by fiscal year, from SEC filings.2007: $402.42M2008: $530.25M2009: $665.79M2010: $781.42M2011: $857.02M2012: $726.90M2013: $691.30M2014: $654.40M2015: $640.60M2016: $696.80M2017: $804.90M2018: $934.70M2019: $1.08B2020: $1.27B2021: $1.42B2022: $1.21B2023: $1.33B2024: $1.62B2025: $1.22B$1.22B2007Shareholders' Equity (USD)2025Fiscal YearShareholders' EquityChange YoY2025$1.22B-24.5%2024$1.62B+21.9%2023$1.33B+10.0%2022$1.21B-14.7%2021$1.42B+11.4%2020$1.27B+17.3%2019$1.08B+15.9%2018$934.70M+16.1%2017$804.90M+15.5%2016$696.80M+8.8%2015$640.60M-2.1%2014$654.40M-5.3%2013$691.30M-4.9%2012$726.90M-15.2%2011$857.02M+9.7%2010$781.42M+17.4%2009$665.79M+25.6%2008$530.25M+31.8%2007$402.42M—Other metrics: RevenueCost of RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per Share