Morgan Stanley
Morgan Stanley’s revenue for fiscal 2025 (year ended December 2025) was $119.7 billion, up 11.5% from fiscal 2024. In the quarter to September 2026, revenue grew 6.69%, EPS grew 13.4%, free cash flow fell 132.2% and total debt rose 19.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.
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Morgan Stanley (MS) Price to free cash flow
Morgan Stanley has no meaningful price to free cash flow: its trailing twelve-month free cash flow is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 792× (January 2015) — the current reading is the lowest in ten years.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.0× | — |
| FY2023 | 0.0× | — |
| FY2022 | 0.0× | — |
| FY2021 | 5.5× | — |
| FY2020 | 0.0× | — |
| FY2019 | 2.1× | (82.95%) |
| FY2018 | 12.4× | — |
| FY2017 | 0.0× | — |
| FY2016 | 19.4× | — |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Sep 2026 | 0.0× | — |
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| GS The Goldman Sachs Group, Inc. compare | n/m |
| MS Morgan Stanley | n/m |
| LPLA LPL Financial Holdings Inc. compare | n/m |
| IBKR Interactive Brokers Group, Inc. compare | 2.3× |
| NMR Nomura Holdings Inc ADR compare | 5.0× |
| SCHW The Charles Schwab Corporation compare | 14.7× |
| TW Tradeweb Markets Inc. compare | 22.4× |
| CRCL Circle Internet Group, Inc. compare | 29.4× |
| HOOD Robinhood Markets, Inc. compare | 499× |
| Capital Markets industry median | 6.4× |
| Financial sector median | 9.9× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on MS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement