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Morningstar Inc  (NAS:MORN) Pre-Tax Income: \$227.6 Mil (TTM As of Sep. 2017)

Pretax income is the income that a company earns before paying income taxes. Morningstar Inc's pretax income for the three months ended in Sep. 2017 was \$50.8 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2017 was \$227.6 Mil. Morningstar Inc's pretax margin was 22.10%.

During the past 13 years, Morningstar Inc's highest Pretax Margin was 28.53%. The lowest was 15.00%. And the median was 25.03%.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Morningstar Inc Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Pre-Tax Income 153.63 178.00 114.00 193.70 224.90

Morningstar Inc Quarterly Data

 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Pre-Tax Income 46.30 88.40 27.10 61.30 50.80

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.

Calculation

This is the income that a company earns before paying income taxes.

Morningstar Inc's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = 180.8 + 43.8 + -1.5 + 1.8 + -2.84217094304E-14 = 224.9

Morningstar Inc's Pretax Income for the quarter that ended in Sep. 2017 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = 52.8 + -1.1 + -1.3 + 0.4 + 0 = 50.8

Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2017 was 88.4 (Dec. 2016 ) + 27.1 (Mar. 2017 ) + 61.3 (Jun. 2017 ) + 50.8 (Sep. 2017 ) = \$227.6 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

Morningstar Inc's Pretax Margin for the quarter that ended in Sep. 2017 is calculated as

 Pretax Margin = Pretax Income / Revenue = 50.8 / 229.9 = 22.10%

During the past 13 years, Morningstar Inc's highest Pretax Margin was 28.53%. The lowest was 15.00%. And the median was 25.03%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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