StonkScan
OverviewRevenueFinancialsValuationOutlookOwnership
Price
Performance · vs S&P 500
Company
Morgan Stanley
NYSE · USD
Mega cap
1.13× peer median
In line with peers
21% more volatile
34.0% in FY21 to 19.1% in FY25.
Profitability · FY25
$29.2B of free cash flow against $65.4B of net income across 5 fiscal years.
Quality · FY25
$654.7B of current assets against $559.6B due within a year.
Liquidity · FY25
$57.8B in FY21 to $115.0B in FY25, with the latest year up 11.5%, slower than the trend.
Growth · FY25
Free cash flow of $46.1B covers the business without outside capital, on $540.0B of cash and short-term investments.
Anthropic is close to finalising an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, clearing a key...
Anthropic is close to finalising an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, clearing a key hurdle before the AI company files publicly for its highly anticipated IPO. Morgan Stanley (NYSE:MS) is leading the process, with Goldman Sachs, JPMorgan Chase and Citigroup also holding prominent roles on the facility.
Average month-end to month-end move for MSin each calendar month. Point at a bar for that month's spread: past seasonality is a tendency in a small sample, not a forecast.
+$11.8B vs FY24
FY24 → FY25
FY21 → FY25, annualized
+16.7% vs the four before
Q2 FY26 · +22.4% YoY
+11.5% YoY
+1.5 pp YoY
+2.0 pp YoY
+25.9% YoY
+1.7 pp YoY
+28.6% YoY
+$48.2B YoY
+66.9% YoY
P/E vs EPS growth · below the channel = cheaper for its growth
P/S vs revenue growth · below the channel = cheaper for its growth
| Ticker | P/E | Fwd P/E | PEG | P/S | Fwd P/S | PSG | EPS gr | Rev gr |
|---|---|---|---|---|---|---|---|---|
| MS | 17.5 | 16.8 | 1.33 | 2.7 | 4.2 | - | 13% | -8% |
| GS | 15.8 | 14.8 | 1.05 | 2.6 | 4.3 | - | 14% | -16% |
| SF | 9.1 | 12.6 | 1.48 | 1.9 | 2.1 | 0.47 | 9% | 5% |
| EVR | 15.5 | 15.2 | 0.85 | 2.4 | 2.4 | 0.17 | 18% | 14% |
| HUT | -16.5 | -18.8 | - | 34.1 | 34.1 | 0.10 | 0% | 352% |
| RIOT | -5.7 | -8.3 | - | 11.9 | 11.8 | 0.51 | 0% | 23% |
Dots = reported EPS vs consensus · gap = surprise · dashed = estimate ($)
Last 12M · $0M bought · $191M sold · net −$191M
Liquidity · FY25
$540.0B of cash and short-term investments against $471.4B of total debt.
Liquidity · FY25
$115.0B of revenue against $93.0B of operating costs, leaving $22.0B.
Profitability · FY25
Revenue came in above consensus by 4.0% on average over the last four reports.
Quality · Jul '26
4:25pm: Rate fears fade Wall Street ended Thursday sharply higher, with the Dow and S&P 500 posting their best daily performances in about a month as easing...
Share of the latest fiscal year, largest first. The line is the segment across every fiscal year we have: hover it to read one. “Not broken out” is the remainder, pinned last whatever its size: the named segments reach 62% of reported revenue, and the rest was filed without a segment label at all.
What each segment added to or took off the top line in dollars: ranked by the size of the move, not its percentage.
| $ billions | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Cash & equivalents | 111.7 | 75.7 | 58.7 | 92.7 | 86.8 |
| Short-term investments | 428.3 | 325.8 | 403.2 | 375.1 | 413.5 |
| Receivables | 114.7 | 86.2 | 80.1 | 78.5 | 96.0 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total current assets | 654.7 | 487.7 | 542.0 | 546.4 | 596.4 |
| Property, plant & equipment | 4.2 | 0.0 | 0.0 | 0.0 | 0.0 |
| Long-term investments | 552.5 | 374.9 | 286.6 | 290.3 | 269.1 |
| Other non-current assets | 208.9 | 352.4 | 365.0 | 343.5 | 322.7 |
| Total assets | 1420.3 | 1215.1 | 1193.7 | 1180.2 | 1188.1 |
| Accounts payable | 415.5 | 175.9 | 208.1 | 216.1 | 228.7 |
| Short-term debt | 144.0 | 71.7 | 71.6 | 67.7 | 72.5 |
| Total current liabilities | 559.6 | 739.5 | 747.8 | 756.8 | 772.5 |
| Long-term debt | 327.3 | 288.8 | 267.5 | 241.1 | 232.8 |
| Total liabilities | 1307.6 | 1109.6 | 1093.7 | 1079.0 | 1081.5 |
| Shareholders’ equity | 111.6 | 104.5 | 99.0 | 100.1 | 105.4 |
Fiscal year · latest five reported years
| $ billions | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating cash flow | 49.0 | 1.4 | −33.5 | −6.4 | 34.0 |
| Capital expenditure | −2.9 | −3.5 | −3.4 | −3.1 | −2.3 |
| Free cash flow | 46.1 | −2.1 | −36.9 | −9.5 | 31.7 |
| Investing cash flow | −144.2 | −29.5 | −3.1 | −11.6 | −49.9 |
| Dividends paid | −6.6 | −6.1 | −5.8 | −5.4 | −4.2 |
| Share buybacks | −5.8 | −4.2 | −6.2 | −10.9 | −12.1 |
| Net debt issued / (repaid) | 71.5 | 28.1 | 13.6 | 37.6 | 20.1 |
| Financing cash flow | 98.3 | 46.8 | −2.7 | 22.7 | 41.5 |
| Net change in cash | 6.3 | 16.2 | −38.9 | 0.4 | 22.1 |
Fiscal year · outflows shown negative
Solid = reported · dashed = forward consensus · shaded = analyst low–high ($B)
Rows: discount rate (r) · Columns: terminal growth (g∞) · cell = fair value, shaded by up/downside vs 217.