Morgan Stanley (MS)
Financials · $314B market cap · SEC CIK 0000895421
$200.18
▼-2.88% on the day
close of Sep 22, 2026
62
Screens well
fundamentals score out of 100
fundamentals score out of 100
Next reports on Oct 14, 2026, before the open, with analysts expecting $3.23 in earnings per share.
The case for MS
- Revenue growing 14.0% year over year.
- Earnings per share up 38.6%.
- Pays a 4.3% dividend while you wait.
- Reasonably priced at 15.6× earnings.
- A PEG of 0.40: a P/E of 15.6× is low for EPS growing 39%.
- Has compounded revenue at 17.9% a year over five years.
The case against
- Weakest against its peers: net margin of 16% is thinner than 61% of Financials companies.
- Its weakest area is stability (49/100): beta 1.23, a 35% swing over the year.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 56 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 85 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 58 |
| Momentumhow the price has behaved lately | 57 |
| Stabilityhow violently it moves, what it owes and what it pays you | 49 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 15.6× |
|---|---|
| Price / book | 2.82× |
| Price / sales | 2.4× |
| Revenue growth (YoY) | +14.0% |
| EPS growth (YoY) | +38.6% |
| Gross margin | 57% |
| Operating margin | 20% |
| Net margin | 16% |
| Return on equity | 18% |
| Debt / equity | 8.52× |
| Current ratio | 0.35 |
| Dividend yield | 4.32% |
| Beta | 1.23 |
| 52-week range | $151.84 – $232.25 |
| Position in that range | 60% of the way up |
| 3-month return | -7.6% |
| 1-year return | +28.9% |
Five years of financials, as filed
Pulled from Morgan Stanley's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Net income | $16.9B | $13.4B | $9.1B | $11.0B | $15.0B |
| Operating cash flow | -$17.9B | $1.4B | -$33.5B | -$6.4B | $34.0B |
| Total assets | $1.42T | $1.22T | $1.19T | $1.18T | $1.19T |
| Total liabilities | $1.31T | $1.11T | $1.09T | $1.08T | $1.08T |
| Shareholder equity | $112B | $105B | $99.0B | $100B | $105B |
| Cash | $112B | $105B | $89.2B | $128B | $128B |
| Long-term debt | $342B | $284B | $261B | $234B | $227B |
| Net margin | — | — | — | — | — |
| Diluted shares | 1.6B | 1.6B | 1.6B | 1.7B | 1.8B |
Share count is down 12.2% over 4 years. Buybacks have been shrinking the pie.
Risk factors MS lists in its 10-K
- Management’s Discussion and Analysis of Financial Condition and Results of Operations
- Quantitative and Qualitative Disclosures about Risk
- Financial Statements and Supplementary Data
- Glossary of Common Terms and Acronyms
- Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
- Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
- Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
- Directors, Executive Officers and Corporate Governance
- Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
- Certain Relationships and Related Transactions and Director Independence
- Principal Accountant Fees and Services
- Exhibits and Financial Statement Schedules
- Activities Restrictions under the Volcker Rule
- Capital Planning, Stress Tests and Capital Distributions