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MS

$217.36
$-1.02 (-0.47%)-0.47%
After Hours
Loading chart...
IndexN/A
Market Cap342.82B
Enterprise Value642.76B
Income$16.86B
Sales$116.11B
Employees81,000
P/E17.57
P/S2.43
P/B2.50
P/C6.05
EV/EBITDA24.15
EV/Sales19.53
EPS (ttm)12.37
Earnings2026-01-15
Gross Margin56.85%
Oper. Margin20.06%
Profit Margin12.57%
Volume2.83M
Shs Outstand1.58B
Change-0.47%
Dividend Est.N/A
Dividend Ex-DateN/A
Perf YTD3.95%
Perf Year37.15%
Perf 3Y94.78%
Perf 5Y152.15%
Perf 10Y620.07%
IPO1993-02-23
Income Statement by fiscal year, newest to oldest
MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018
Revenue$116.11B$103.14B$88.29B$62.48B$57.78B$49.68B$51.45B$47.80B
Cost of Revenue$49.37B$45.79B$38.15B$12.55B$1.37B$4.61B$12.56B$10.09B
Gross Profit$66.75B$57.36B$50.13B$49.93B$56.41B$45.07B$38.88B$37.71B
Gross Margin57.48%55.61%56.79%79.92%97.63%90.72%75.58%78.90%
Operating Expenses$44.79B$39.76B$38.32B$35.84B$36.74B$30.65B$27.58B$26.48B
Operating Income$21.95B$17.60B$11.81B$14.09B$19.67B$14.42B$11.30B$11.24B
Operating Margin18.91%17.06%13.38%22.55%34.04%29.02%21.97%23.51%
Net Income$16.86B$13.39B$9.09B$11.03B$15.03B$11.00B$9.04B$8.75B
Net Margin14.52%12.98%10.29%17.65%26.02%22.13%17.57%18.30%
EPS (Basic)$10.34$8.04$5.24$6.23$8.16$6.55$5.26$4.82
EBITDA$26.56B$22.76B$16.07B$18.09B$23.88B$18.19B$13.94B$13.08B
Stock Option Compensation ExpenseN/A$1.62B$1.71B$1.88B$2.08B$1.31B$1.15B$920.00M
Price To Earnings RatioN/A14.9416.7113.0411.659.999.147.74
Price To Sales RatioN/AN/AN/AN/AN/AN/AN/AN/A
Shares OutstandingN/AN/AN/AN/AN/AN/AN/AN/A
Market CapitalizationN/A$200.02B$151.81B$143.77B$175.22B$109.85B$82.66B$67.72B
Balance Sheet by fiscal year, newest to oldest
MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018
Cash & Short Term InvestmentsN/AN/AN/AN/AN/AN/AN/AN/A
Short Term ReceivablesN/AN/AN/AN/AN/AN/AN/AN/A
InventoriesN/AN/AN/AN/AN/AN/AN/AN/A
Other Current AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Total Current AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Net Property, Plant & EquipmentN/AN/AN/AN/AN/AN/AN/AN/A
Total Investments and AdvancesN/AN/AN/AN/AN/AN/AN/AN/A
Long-Term Note ReceivableN/AN/AN/AN/AN/AN/AN/AN/A
Intangible AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Deferred Tax AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Other AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Total Assets$0.00$1.22T$1.19T$1.18T$1.19T$1.12T$895.43B$853.53B
Short Term Debt Incl. Current Port. of LT DebtN/AN/AN/AN/AN/AN/AN/AN/A
Accounts PayableN/AN/AN/AN/AN/AN/AN/AN/A
Income Tax PayableN/AN/AN/AN/AN/AN/AN/AN/A
Other Current LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Total Current LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Long Term DebtN/AN/AN/AN/AN/AN/AN/AN/A
Provision for Risks ChargesN/AN/AN/AN/AN/AN/AN/AN/A
Deferred Tax LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Other LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Total Liabilities$0.00$1.11T$1.09T$1.08T$1.08T$1.01T$812.73B$772.13B
Non-Equity ReservesN/AN/AN/AN/AN/AN/AN/AN/A
Preferred Stock - Carrying ValueN/AN/AN/AN/AN/AN/AN/AN/A
Common EquityN/AN/AN/AN/AN/AN/AN/AN/A
Total Shareholders Equity$0.00$104.51B$99.04B$100.14B$105.44B$101.78B$81.55B$80.25B
Accumulated Minority InterestN/AN/AN/AN/AN/AN/AN/AN/A
Total Equity$0.00$104.51B$99.04B$100.14B$105.44B$101.78B$81.55B$80.25B
Total Liabilities & Stockholders Equity$0.00$1.22T$1.19T$1.18T$1.19T$1.12T$895.43B$853.53B
Book Value Per ShareN/A$66.27$61.41$59.86$59.72$64.35$51.14$47.66
Tangible Book Value Per ShareN/A$51.71$46.82$45.51$45.61$53.98$45.42$42.48
Full-Time EmployeesN/AN/AN/AN/AN/AN/AN/AN/A
Price to Book RatioN/AN/AN/AN/AN/AN/AN/AN/A
Return on AssetsN/A1.10%0.76%0.93%1.27%0.99%1.01%1.02%
Return on EquityN/A12.81%9.18%11.01%14.26%10.80%11.09%10.90%
Return on Invested CapitalN/A2.47%1.78%2.28%3.10%2.40%2.30%2.30%
Quick RatioN/A0.660.720.720.770.800.760.79
Current RatioN/A0.660.720.720.770.800.760.79
Cash Flow by fiscal year, newest to oldest
MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018
Net Income$16.86B$13.39B$9.09B$11.03B$15.03B$11.00B$9.04B$8.75B
Depreciation$4.61B$5.16B$4.26B$4.00B$4.22B$3.77B$2.64B$1.84B
Other Funds (Non Cash)N/AN/AN/AN/AN/AN/AN/AN/A
Funds from OperationsN/AN/AN/AN/AN/AN/AN/AN/A
Extraordinary ItemN/AN/AN/AN/AN/AN/AN/AN/A
Changes in Working CapitalN/AN/AN/AN/AN/AN/AN/AN/A
Income Taxes PayableN/AN/AN/AN/AN/AN/AN/AN/A
Cash from Operating Activities$0.00$1.36B$-33.54B$-6.40B$33.97B$-25.23B$40.77B$7.30B
Capital ExpendituresN/A$3.46B$3.41B$3.08B$2.31B$1.44B$1.83B$1.86B
Net Assets From AcquisitionsN/AN/AN/AN/AN/AN/AN/AN/A
Sale of Fixed Assets and BusinessesN/AN/AN/AN/AN/AN/AN/AN/A
Purchase or Sale of InvestmentsN/AN/AN/AN/AN/AN/AN/AN/A
Purchase of InvestmentsN/AN/AN/AN/AN/AN/AN/AN/A
Sale Or Maturity of InvestmentsN/AN/AN/AN/AN/AN/AN/AN/A
Other UsesN/AN/AN/AN/AN/AN/AN/AN/A
Other SourcesN/AN/AN/AN/AN/AN/AN/AN/A
Cash from Investing ActivitiesN/AN/AN/AN/AN/AN/AN/AN/A
Cash Dividends PaidN/A$6.14B$5.76B$5.40B$4.17B$2.74B$2.63B$2.38B
Change in Capital StockN/AN/AN/AN/AN/AN/AN/AN/A
Repurchase of Common Pref StockN/A$4.20B$6.18B$10.87B$12.07B$1.89B$5.95B$5.57B
Sale of Common Pref StockN/AN/AN/AN/AN/AN/AN/AN/A
Proceeds from Stock OptionsN/AN/AN/AN/AN/AN/AN/AN/A
Issuance or Reduction of Debt, NetN/AN/AN/AN/AN/AN/AN/AN/A
Change in Long Term DebtN/AN/AN/AN/AN/AN/AN/AN/A
Issuance of Long Term DebtN/AN/AN/AN/AN/AN/AN/AN/A
Reduction of Long Term DebtN/AN/AN/AN/AN/AN/AN/AN/A
Net Financing Active Other Cash FlowN/AN/AN/AN/AN/AN/AN/AN/A
Other Financing Activities UsesN/AN/AN/AN/AN/AN/AN/AN/A
Cash from Financing ActivitiesN/AN/AN/AN/AN/AN/AN/AN/A
Exchange Rate EffectN/AN/AN/AN/AN/AN/AN/AN/A
Net Change in CashN/AN/AN/AN/AN/AN/AN/AN/A
Free Cash FlowN/A$-2.10B$-36.95B$-9.47B$31.66B$-26.68B$38.95B$5.44B
Preferred Dividends (Cash Flow)N/AN/AN/AN/AN/AN/AN/AN/A
Price to Free Cash FlowN/AN/AN/AN/AN/AN/AN/AN/A

Company coverage

Latest news

20 stories
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Insider Trading

View All
Insider
Type
Shares
Price
Value
Date
MITSUBISHI UFJ FINANCIAL GROUP INC
D
414.4K
$213.28
$88.4M
Jul 30, 26
SCHAPIRO MARY L
Sell
1.0K
$212.06
$212K
Jul 28, 26
MARY L SCHAPIRO REV TRUST
Sell
1.0K
$212.06
$212K
Jul 28, 26
MORGAN STANLEY SMITH BARNEY LLC
Sell
4.0K
$215.11
$869K
Jul 20, 26
MICHAEL A. PIZZI REVOCABLE TRUST
Sell
24.2K
$215.55
$5.2M
Jul 17, 26

Company

CEO: Edward N. PickEmployees: 83000www.morganstanley.com
About the company↓

Morgan Stanley operates as a prominent financial holding company, delivering a comprehensive suite of financial solutions and services. Its diverse clientele spans major corporations, governmental bodies, financial institutions, and individual clients across various global regions, including the Americas, Europe, the Middle East, Africa, and Asia. The firm's operations are structured into three primary divisions: Institutional Securities, Wealth Management, and Investment Management. Within the Institutional Securities segment, Morgan Stanley provides crucial capital-raising and strategic financial advisory services. This includes underwriting activities for debt, equity, and other financial instruments, alongside expert counsel on mergers and acquisitions, corporate reorganizations, real estate transactions, and project financing. Furthermore, this division is a key player in sales and trading, offering services like sales execution, financing solutions, prime brokerage, and market-making across equity and fixed-income products, encompassing foreign exchange and commodities. It also extends corporate and commercial real estate loans, furnishes secured lending facilities, supports sales and trading clients with financing, and engages in asset-backed and mortgage lending. Investment and research services, along with specific wealth management offerings, are also part of this segment. The Wealth Management segment caters to individual investors, as well as small to medium-sized enterprises and institutions. It offers a broad spectrum of services, from financial advisor-led and self-directed brokerage and investment guidance to comprehensive financial and wealth planning. This segment also delivers workplace solutions, such as stock plan administration, and provides annuity and insurance products. Lending options include securities-backed loans, residential real estate mortgages, and other credit facilities, complemented by banking and retirement plan services. Finally, the Investment Management segment is dedicated to providing specialized investment products, including equity, fixed income, liquidity, and alternative strategies. These offerings are distributed through institutional and intermediary channels to a sophisticated client base that features benefit and defined contribution plans, foundations, endowments, governmental entities, sovereign wealth funds, insurance companies, and corporate and third-party fund sponsors. Morgan Stanley's origins trace back to its founding in 1924, and its global headquarters are situated in New York, New York.

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Market data may be delayedFor informational purposes onlyFMP · Massive · SEC

Why it moved over time

Catalyst history

1 entry
Jul 29, 2026
Analyst action+0.00%

Stock moved after a Morgan Stanley analyst published a negative SpaceX forecast, projecting no positive free cash flow until 2035 and huge external capital needs, drawing attention to the firm's high-profile research.

Key fact: Morgan Stanley projected SpaceX would have no positive free cash flow until 2035 and estimated roughly $84 billion annually (about $672 billion total) in external capital needed through 2034.

The Motley Fool: 47 Analysts Cover Apple. Their Average Price Target Is Now Below the Stock Price, One Week Before Earnings.↗