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MORGAN STANLEY

$182.45 ▼ -11.54 (-5.95%) at close

20 Visible periods

35 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Moderately Bullish

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Analytical Summary

MORGAN STANLEY shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). However, watch Debt to Equity which shows concerning trends. Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $287.2B

Dividend Yield 2.11%

Revenue Growth 14.4% ↗

Op. Margin 31.1% ↗

ROIC None

FCF / Share None

Trailing P/E 17.7x

Price / Book 2.6x

FCF Yield —

Debt / Equity 3.06

info Valuation on last close. End-of-day price, Nov 5, 2026.

20-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$70.64B

↑ +14.4% —

Net Income Profit after all expenses

$16.86B

↑ +25.9% —

Operating Margin Operating profit as % of sales

31.1%

↑ +9.1% 87th

Long-Term Debt Long-term obligations

$341.68B

↑ +20.2% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↓

Returns ↑

Financial Health ↑

Dividend History

Dividend / share · sourced from SEC filings

$3.85 Latest / share

+8.5% YoY

+24.4% 12-yr CAGR

$0.35

FY 2014

$0.55

FY 2015

$0.70

FY 2016

$0.90

FY 2017

$1.10

FY 2018

$1.30

FY 2019

$1.40

FY 2020

$2.10

FY 2021

$2.95

FY 2022

$3.25

FY 2023

$3.55

FY 2024

$3.85

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Nov 30, 2006 10-K ↗
Revenue Growth YoY (%)	14.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+140%)	14.1% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+135%)	0.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-85%)	-10.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-270%)	22.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+276%)	17.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+195%)	3.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-45%)	5.7% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-5%)	9.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+59%)	-1.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-125%)	2.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-57%)	5.5% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-9%)	24.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+307%)	-19.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-417%)	2.7% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-55%)	33.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+466%)	6.0% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	-16.5% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-375%)	—	—
EPS Growth YoY (%)	28.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	53.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-15.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-23.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	24.6% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	24.5% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	9.4% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	53.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	5.4% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	0.3% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	81.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	18.0% Good Good Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-52.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-51.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	25.9% Excellent ↑ Excellent Improving Year-over-year change in net income	47.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-17.6% Weak ↓ Weak Declining Year-over-year change in net income	-26.6% Weak ↓ Weak Declining Year-over-year change in net income	36.7% Excellent ↑ Excellent Improving Year-over-year change in net income	21.6% Good ↑ Good Improving Year-over-year change in net income	3.4% Caution ↓ Caution Declining Year-over-year change in net income	43.2% Excellent ↑ Excellent Improving Year-over-year change in net income	2.2% Caution ↓ Caution Declining Year-over-year change in net income	-2.4% Weak ↓ Weak Declining Year-over-year change in net income	76.7% Excellent ↓ Excellent Declining Year-over-year change in net income	18.2% Good ↓ Good Declining Year-over-year change in net income	4211.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-98.3% Weak ↓ Weak Declining Year-over-year change in net income	-12.6% Weak ↓ Weak Declining Year-over-year change in net income	249.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-21.1% Weak Weak Year-over-year change in net income	-46.8% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	9.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	1.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	9.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	14.2% Good ↑ Good Improving Compound annual revenue growth over 3 years	8.7% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	6.1% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.5% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	3.4% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	2.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	10.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	2.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	1.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.7% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	13.4% Good Good Compound annual revenue growth over 3 years	5.8% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	7.7% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	8.3% Good → Good Stable Compound annual revenue growth over 5 years	6.2% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.2% Fair → Fair Stable Compound annual revenue growth over 5 years	11.5% Good ↑ Good Improving Compound annual revenue growth over 5 years	6.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	3.9% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	4.3% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	7.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.4% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	2.3% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	7.9% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	8.0% Good Good Compound annual revenue growth over 5 years	-0.3% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	18.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-0.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-7.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	5.8% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	19.3% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	27.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	20.9% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	17.4% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	24.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	28.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	9.5% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-19.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	-4.8% Weak Weak Compound annual EPS growth over 3 years	-3.9% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Nov 30, 2006 10-K ↗
Operating Margin (%) (%)	31.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+24%)	28.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	21.8% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	26.3% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+5%)	32.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+32%)	29.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	27.3% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	28.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	27.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	25.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	24.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.5% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	14.0% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	2.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	18.9% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-24%)	19.9% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	—	—	—	—
Effective Tax Rate (%) (%)	22.5% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.9% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.7% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.5% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.3% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.9% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.9% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.8% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-46.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	23.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	21.7% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	16.8% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-24%)	20.6% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	25.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	22.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	21.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	21.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	16.1% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	17.3% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	17.4% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	10.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	9.0% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	12.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	15.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	5.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	7.7% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	12.1% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Nov 30, 2006 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	1.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	0.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	15.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+26%)	12.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+7%)	9.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-24%)	11.0% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-8%)	14.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+19%)	10.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-10%)	11.1% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-8%)	10.9% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-9%)	7.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	7.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	8.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	4.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-59%)	4.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-63%)	0.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-99%)	6.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-45%)	8.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-31%)	2.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-76%)	3.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-71%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Nov 30, 2006 10-K ↗
Debt to Equity (x)	3.06x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+155%)	2.72x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+127%)	2.63x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+119%)	2.34x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+95%)	2.16x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+80%)	2.10x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+75%)	2.33x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+94%)	2.34x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+95%)	2.47x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+106%)	2.17x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+81%)	2.07x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+73%)	2.19x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+82%)	2.36x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+97%)	2.76x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+130%)	3.01x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+151%)	3.42x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+185%)	4.19x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+249%)	3.90x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+225%)	—	—
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Nov 30, 2006 10-K ↗
Revenue per Share (USD)	$44.88	$38.82	$33.26	$31.74	$33.48	$30.42	$25.61	$23.48	$21.32	$18.73	$18.42	$17.82	$17.05	$13.85	$19.48	$23.05	$19.77	$21.50	$26.43	—
Basic EPS, GAAP (USD)	$10.32	$8.04	$5.24	$6.23	$8.16	$6.55	$5.26	$4.81	$3.14	$2.98	$2.97	$1.64	$1.39	$-0.02	$1.25	$2.64	$-0.77	$1.45	$2.97	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$3.85	$3.55	$3.25	$2.95	$2.10	$1.40	$1.30	$1.10	$0.90	$0.70	$0.55	$0.35	$0.20	$0.20	$0.20	—	—	—	—	—
Book Value per Share (USD)	$70.53	$65.05	$60.88	$59.77	$59.50	$56.24	$51.16	$47.21	$43.28	$41.05	$39.16	$36.34	$33.89	$31.46	$32.20	$37.84	$34.31	$45.37	—	—
Tangible Book Value per Share (USD)	$56.16	$50.63	$46.27	$45.28	$45.28	$47.06	$45.36	$42.00	$38.22	$36.03	$34.17	$31.34	$28.81	$26.18	$26.51	$30.29	$25.34	$42.43	—	—
Basic Weighted Avg Shares (shares)	1.57B	1.59B	1.63B	1.69B	1.78B	1.60B	1.62B	1.71B	1.78B	1.85B	1.91B	1.92B	1.91B	1.89B	1.65B	1.36B	1.19B	1.03B	1.00B	—
Dividend Payout Ratio (%)	37.3% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	44.2% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	62.0% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	47.4% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	25.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	21.4% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	24.7% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	22.9% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	28.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	23.5% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	18.5% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	21.3% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	14.4% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-1000.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	16.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Nov 30, 2006 10-K ↗
Working Capital (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LT Debt (USD)	$341.68B	$284.31B	$260.54B	$233.87B	$227.36B	$213.39B	$190.06B	$188.12B	$191.06B	$164.78B	$153.77B	$152.77B	$153.57B	$169.57B	$184.23B	$192.46B	$193.37B	$179.84B	—	—
Total Equity (USD)	$111.63B	$104.51B	$99.04B	$100.14B	$105.44B	$101.78B	$81.55B	$80.25B	$77.39B	$76.05B	$75.18B	$70.90B	$65.92B	$62.11B	$62.05B	$57.21B	$46.69B	$48.75B	—	—

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Nov 30, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$70.64B	$61.76B	$54.14B	$53.67B	$59.76B	$48.76B	$41.42B	$40.11B	$37.95B	$34.63B	$35.16B	$34.27B	$32.49B	$26.11B	$32.24B	$31.39B	$23.43B	$22.11B	$26.48B	—
Net Income, GAAP (USD)	$16.86B	$13.39B	$9.09B	$11.03B	$15.03B	$11.00B	$9.04B	$8.75B	$6.11B	$5.98B	$6.13B	$3.47B	$2.93B	$68.00M	$4.11B	$4.70B	$1.35B	$1.71B	$3.21B	—
Operating Cash Flow (USD)	$-17.89B	$1.36B	$-33.54B	$-6.40B	$33.97B	$-25.23B	$40.77B	$7.30B	$-4.50B	$5.38B	—	—	—	$24.55B	$15.89B	$40.31B	$-45.95B	$73.42B	$-22.25B	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Nov 30, 2006 10-K ↗
Net Interest Margin (approx.) (%)	0.7%	0.7%	0.7%	0.8%	0.7%	0.6%	0.5%	0.4%	0.4%	0.5%	0.4%	0.2%	0.1%	-0.0%	0.0%	0.1%	0.1%	0.5%	—	—
Efficiency Ratio (%) (%)	68.4%	71.1%	77.2%	73.2%	67.1%	68.9%	72.7%	72.0%	72.6%	74.5%	75.8%	89.5%	86.0%	98.0%	81.1%	80.1%	95.8%	94.9%	89.5%	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 20 years · 75 quarters

MORGAN STANLEY

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