Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025.
It is a $300B financial services company. Revenue grew 18.0% over the last year, and it keeps 26¢ of every dollar of sales as profit. It trades at 14.8× earnings — around the middle of its own history.
- Website
- morganstanley.com
- Location
- New York, NY
- Employees
- 83 000
- Sector
- Financial Services
- Founded
- 1935
- Next earnings
- Oct 14, 2026 · in 2d
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Valuation, Growth, Health and Moat lag behind.
Valuation37
- P/E vs own history54th pct · 12/25
- FCF yield-6.2% · 0/25
- P/S2.3x · 20/25
- EV/EBITDA37.0x · 5/25
Growth24
- Revenue CAGR4.3% · 6/25
- Net income CAGR2.9% · 6/25
- EPS CAGR ~5Y9.4% · 12/25
- Fwd implied growth-0.4% · 0/25
Profitability70
- ROIC3.3% · 5/25
- ROE17.8% · 20/25
- Net margin25.8% · 25/25
- Operating margin20.3% · 20/25
Health18
- Altman Z0.28 · 3/25
- Current ratio0.35 · 0/25
- Interest coverage1.3x · 3/25
- Net cash / debtD/A 28% · 12/25
Quality55
- Piotroski F4/9 · 10/25
- Beneish M-2.27 · 20/25
- FCF conversion-92% · 0/25
- Margin stabilityσ 4.2% · 25/25
Moat25
- ROIC >12% years0/9 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years1/5 yrs · 0/25
- Worst-year net marginworst 16.1% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$16.9B net income
- FY2021FinancialRevenue crossed $50B$59.8B for the year
- 2021AcquisitionMorgan Stanley acquired Eaton Vance
- 2020AcquisitionThe company completed its acquisition of E-Trade for $13 billion in stock, the biggest acquisition…
- 2018AcquisitionMorgan Stanley acquired Mesa West, a leading U.S
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$34.6B in first reported year
- 2013MilestoneMorgan Stanley announced a partnership with Longchamp Asset Management, a French-based asset…
- 2009AcquisitionThe Global Wealth Management Group was merged with Citi's Smith Barney to form Morgan Stanley Smith…
- 2006MilestoneMorgan Stanley announced the spin-off of its Discover Card unit
- 2001MilestoneThe firm changed its name back to "Morgan Stanley" in 2001
- 1996AcquisitionMorgan Stanley acquired Van Kampen American Capital
- 1962ProductMorgan Stanley credits itself with having created the first viable computer model for financial analysis in 1962,…
- Sep 16, 1935FoundedMorgan Stanley was founded on September 16, 1935, by employees of J.P
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (56.7%)
- Strongly profitable — 25.8% net margin
- Revenue growing 18.0% year over year
Watch-outs
- Negative free cash flow (-$18.6B)
- Altman Z-Score 0.28 — elevated financial-distress risk
- Thin interest coverage (1.3×)
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+18.0% YoY
- Profitable — makes more than it spends$20.2B TTM
- Profit growing — earnings are higher than last year+18.1% YoY
- Generates cash — cash left after running and investing-$18.6B TTM
- Debt under control — could handle its obligationscurrent ratio 0.35
- Established company — not a micro-cap — lower blow-up risk$300B market cap
- Not printing shares — share count not ballooning — you keep your slice-2.0% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.3 — distress
- Pays a dividend — returns cash to shareholdersyield 2.27%
- Valuation not extreme — price not wildly above earningsP/E 14.8
Peer comparisonMorgan Stanley vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| MS this company | $299.6B | 14.8 | +18.0% | 25.8% | Strained |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: MS vs BRK.A · MS vs BRK.B · MS vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/MS
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of MS on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $190.74 · market cap $300B.