Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Morgan Stanley

MS · NYSE · Financial

Fundamental quality

ATTRACTIVE

75

out of 100

Morgan Stanley earns a fundamental-quality score of 75 out of 100, profiling it as a company with solid fundamentals. Its score rests mainly on its profitability (net margin 24.6%). Its weakest area is its growth (revenue +8.1%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Morgan Stanley is a large investment bank that, unlike others, has bet heavily on wealth management: advising and investing the money of wealthy clients. That side gives it steadier, more recurring revenue than trading or deal advisory.

What will shape its future

  • The growth of its wealth and asset management business, its big strategic bet.
  • Capital-markets cycles (M&A, IPOs, trading).
  • Attracting new client money, key to growing recurring fees.

Breakdown by area

I.Growth
58

EPS growth: 10.8% · Revenue growth: 8.1%

II.Profitability
85

Net margin: 24.6% · ROE: 15.8%

Source: SEC EDGAR · TTM through 31/03/2026

The score includes +3 for dividend strength: 12 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 71%
ROEbeats 57%
Growthbeats 41%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Morgan Stanley strengths

  • High net margin (24.6%): the business is clearly profitable.
  • Growing earnings per share (10.8% annualized).
  • Revenue growing (8.1% annualized).

Morgan Stanley risks and weaknesses

  • Its net debt has grown over the period.

Morgan Stanley historical evolution

YearRevenueNet incomeFree cash flowNet debt
202048,75710,996131,975
202159,75515,034105,402
202253,66811,029109,931
202354,1439,087174,500
202461,76113,390183,433
202570,64516,861237,240

Between 2020 and 2025, revenue went from $48,757M to $70,645M (+45%) and net income went from $10,996M to $16,861M (+53%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+16%
  • Net income+29%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$3.85

per share, yearly

39.1% of earnings

Payout

12 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Morgan Stanley cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Morgan Stanley a good company to invest in?

In terms of business quality, Morgan Stanley scores 75 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Morgan Stanley a profitable company?

Very. Morgan Stanley shows a net margin of 24.6% and an ROE of 15.8%, typical of a highly profitable business.

Is Morgan Stanley growing?

Its revenue has grown 8.1% annualized in recent years and its earnings per share 10.8%.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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