Morningstar Inc.
Chicago, IL
- UEI
- FWYMNZL7NWU8
- CAGE
- 3A0T7
- Primary NAICS
- 523999 Miscellaneous Financial Investment Activities
- SAM.gov registration
- Active through
Company facts
- FY2025 rankings
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Other NAICS codes in SAM.gov
- Corporate family
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- Dbrs, Inc. · New York, NY ETA9HKK7BE34
- N5H2KUA68A53
- Morningstar Investment Management LLC Y2SGBJNB5AG1
- Seattle, WA XHGWSVRG5KV7
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- SAM.gov registration date
- Physical address
- 22 W Washington St, Chicago, IL 60602, USA
- Website
- morningstar.com
- Founded
- 1984
- Employees
- 10K-50K
- Estimated annual revenue
- $1B-$10B
- Industry
-
- Financials
- Diversified Financials
- Capital Markets
- Asset Management & Custody Banks
- SIC code
- 62 Security & Commodity Brokers
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $0 |
| FY2026 | $1,439,997 |
| FY2025 | $1,920,857 |
| FY2024 | $1,550,640 |
| FY2023 | $1,827,694 |
Top agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Securities and Exchange Commission | $1,125,521 | |
| 2 | Department of Labor | $190,750 | |
| 3 | Department of the Treasury | $123,726 |
Contract awards
Latest 5 listed here. See the rest on GovTribe.
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About the company
Morningstar Inc., a Chicago-headquartered financial-data and investment-research firm, supplies subscription-based financial data platforms, analytics software, and ESG intelligence products to federal civilian agencies as a 100% prime contractor in the full-and-open marketplace with no set-asides. The company operates as a for-profit corporate entity with four named subsidiaries including Pitchbook Data Inc., which has held a Department of Treasury Indefinite Delivery Contract.
Morningstar's federal capability portfolio centers on mission-critical financial intelligence and regulatory analytics products. The company provides the Morningstar Advisor Workstation (a suite of investment research and portfolio analysis tools), Morningstar Direct (a data platform covering investment holdings, historical portfolio information, and API research access), Morningstar Hedge Fund Database (comprehensive hedge fund industry surveillance data), ESG data subscriptions covering domestic and foreign issuers and market indices, and annuity intelligence. Representative recent awards include a $1.566 million SEC purchase order (ultimate completion March 31, 2028) for ESG data subscriptions; a $986.815 thousand Treasury Departmental Offices definitive contract (five-year term through September 24, 2031) for Morningstar data subscription products supporting investment analysis and financial monitoring; a $5.352 million SEC purchase order (July 1, 2022, running through June 30, 2027) for Morningstar Direct, investment holdings data, and annuity intelligence determined as sole source under FAR 13.501(a); and a $113.696 thousand SEC purchase order (May 1, 2025, through April 30, 2030) for Morningstar Hedge Fund Database subscriptions under sole-source determination. Work is performed primarily at the company's Chicago, Illinois headquarters and subordinate locations including Washington, DC and Ford Heights, Illinois.
Customer concentration is heavily skewed toward financial regulatory agencies. The Securities and Exchange Commission accounts for 19 awards carrying $13.5 million in combined potential value (61% of the portfolio's $22 million total), while Department of Treasury Departmental Offices hold 8 awards worth $6.1 million. Treasury's Office of the Comptroller of the Currency places the most frequent orders—13 awards—though at modest per-order values ($241 thousand combined potential value), reflecting the OCC's routine annual renewals of Advisor Workstation licenses. The Department of Labor Employee Benefits Security Administration accounts for 5 awards totaling $1.7 million. Across all 11 distinct customer agencies, the source lists 75 awards spanning back to 2002, with recent activity at two to three awards annually and four awards (combined potential value $7.1 million) facing ultimate completion inside the next twenty-four months.
Morningstar operates as a self-performing prime across all federal work—zero subcontract sub-awards appear in the portfolio, and across SCI-reportable service contracts, the vendor reports zero sub-hours (100% self-performed labor). SCI invoiced revenue totaled $1.7 million across FY2022–FY2025 ($341 thousand in FY2022, $1.3 million in FY2024, zero in FY2023 and FY2025), reflecting the episodic and subscription-based nature of the work; the SCI dataset shows zero FTE trajectory across all years, consistent with Morningstar's delivery model of licensing access to pre-built platforms rather than staffing dedicated government teams. The company does not compete under any small-business set-asides and has not sought IDIQs or government-wide acquisition contracts; procurement determinations cite sole-source authority or firm fixed-price licensing agreements under FAR 13.
Top NAICS categories in the portfolio include All Other Publishers (17 awards), Software Publishers (11 awards), and Computing Infrastructure Providers / Data Processing (10 awards), signaling the data-platform and publishing nature of the work.
Quick answers
Is Morningstar Inc. registered in SAM.gov?
Yes. Morningstar Inc.'s SAM.gov registration is active through September 15, 2027.
How much has Morningstar Inc. received in federal contracts?
Federal contracts obligated $1,920,857 to Morningstar Inc. in fiscal year 2025 and $6,739,188 in fiscal years 2023 through 2027.
How does Morningstar Inc. rank among federal contractors?
Morningstar Inc. ranked #6 in NAICS 516, #19 in PSC 7630 and #26 in NAICS 519130 in FY2025.
What is Morningstar Inc.'s most recent federal award?
Morningstar Inc.'s most recent federal contract award is Morningstar advisor workstation licenses (2031JW26P00019), from Office of the Comptroller of the Currency, on September 30, 2026.
On GovTribe
See Morningstar Inc.'s full federal record
- Federal contract awards
- IDV awards
- Funding analysis by agency, NAICS and set-aside
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