Morgan Stanley

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $187.40B
  • PE 14
  • Debt $305.39B
  • Cash $90.74B
  • EV $402.05B
  • FCF -$30.33B

Earnings

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Sales & Net Margins

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Earnings$13.69B
EBIT$18.75B
ROE13%
ROA1%
FCF-$30.33B
Equity$107.85B
Growth Stability72%
PE13.69
PEG-10.04
PB1.74
P/FCF-6.18
P/S2.91
Price/Cash0.48
Debt/Equity2.83
Debt/FCF-10.07
Net Margins23%
Op. Margins29%
Earnings CAGR10%
Sales Growth YoY17%
Sales Growth QoQ9%
Sales CAGR7%
FCF CAGR2%
Equity CAGR4%
Earnings Stability0.62
Earnings Growth YoY27%
Earnings Growth QoQ17%
Earnings CAGR 5Y-1%
Sales CAGR 5Y4%
FCF CAGR 5Y-1%
Equity CAGR 5Y1%
Earnings CAGR 3Y5%
Sales CAGR 3Y5%
Equity CAGR 3Y1%
Market Cap$187.40B
Revenue$64.36B
Dividend Yield3%
Payout Ratio46%
Assets$1.30T
Total Debt$305.39B
Cash$90.74B
Shares Outstanding1.58B
EV402.05B
Earnings Score83%
Moat Score69%
Safety Score57%
Final Score69%
Shares Growth 3y-3%
Equity Growth QoQ2%
Equity Growth YoY8%

Assets & ROA

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Stockholders Equity & ROE

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Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments. The company had about $5 trillion of client assets as well as over 70,000 employees at the end of 2021. Approximately 50% of the company's net revenue is from its institutional securities business, with the remainder coming from wealth and investment management. The company derives about 30% of its total revenue outside the Americas.

SEC Filings

Direct access to Morgan Stanley (MS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2025
    • 10-Q Mar 31
  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30

Sector Comparison

How does Morgan Stanley compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Morgan Stanley compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 10%
Stability 62%
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Morgan Stanley Discounted Cash Flow

Fully customizable DCF calculator online for Morgan Stanley.

= -$340B
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fcf-$30B-$31B-$31B-$32B-$32B-$33B-$34B-$34B-$35B-$35B-$36B-$359B
DCF-$28B-$26B-$24B-$22B-$20B-$19B-$18B-$16B-$15B-$14B-$138B
Value-$340B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins16%16%15%21%21%22%24%20%16%21%23%
ROA-1%2%1%1%1%2%1%1%1%1%
ROE-7%7%10%10%10%14%10%9%12%13%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-40.35-31.434.864.95-8.147.36-25.12-7.14-137.53-10.07
Debt over Equity2.052.152.452.332.332.12.192.352.642.742.83
Growth Stability---100%100%100%100%94%72%100%72%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth--1%10%6%3%16%24%-10%1%14%4%
Earnings YoY growth--3%1%47%4%23%39%-28%-19%50%-1%
Equity YoY growth-1%2%4%2%25%3%-5%-1%5%1%
FCF YoY growth-78%-249%-189%616%-168%-219%-130%290%-94%-1%