Pricing Log in Create free account
Saturday 17 October 2026 Export MS’s income statement to Excel — free account

Morgan Stanley

MS Financial Capital Markets

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.

180.57 1.53 −0.84%
Market cap
$286.0B
P/E
14.0×
Fwd P/E
17.9×
Dividend yield
2.30%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Morgan Stanley (MS) P/S ratio

Alert me on P/S ratio

As of 16 October 2026, Morgan Stanley (MS) trades at a P/S ratio of 2.1×. Over the past ten years it has ranged from 0.8× (March 2020) to 3.3× (August 2021); the current reading is higher than 69% of that period. That is above the Capital Markets industry median of 2.0× and in line with the Financial sector median of 2.2×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 2.3× 25.25%
FY2024 1.9× 11.92%
FY2023 1.7× (24.22%)
FY2022 2.2× (23.31%)
FY2021 2.9× 37.28%
FY2020 2.1× 36.27%
FY2019 1.5× 13.58%
FY2018 1.3× (36.62%)
FY2017 2.1× 1.48%
FY2016 2.1× 30.90%

Quarterly newest first

Period P/S ratio Change
Sep 2026 2.2× (11.80%)
Jun 2026 2.5× 21.43%
Mar 2026 2.1× (11.05%)
Dec 2025 2.3× 9.25%
43 more quarters

Against its own ten years

Low 0.8× High 3.3×
Ten-year median 1.9×
Current reading's percentile 66

P/S ratio against peers

Company P/S ratio
NMR Nomura Holdings Inc ADR compare 0.8×
LPLA LPL Financial Holdings Inc. compare 1.3×
MS Morgan Stanley 2.1×
GS The Goldman Sachs Group, Inc. compare 3.7×
IBKR Interactive Brokers Group, Inc. compare 5.4×
SCHW The Charles Schwab Corporation compare 5.9×
CRCL Circle Internet Group, Inc. compare 7.0×
TW Tradeweb Markets Inc. compare 10.9×
HOOD Robinhood Markets, Inc. compare 18.0×
Capital Markets industry median 2.0×
Financial sector median 2.2×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

More on MS