# Morgan Stanley (MS) — Stock CV

Morgan Stanley is a $300B financial services company. Revenue grew 18.0% over the last year, and it keeps 26¢ of every dollar of sales as profit. It trades at 14.8× earnings — around the middle of its own history.

> Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025.

## Identity

- **Ticker**: MS
- **Sector**: Financial Services
- **Industry**: Security Brokers, Dealers & Flotation Companies
- **Headquarters**: NEW YORK, NY
- **Employees**: 83 000
- **Website**: https://www.morganstanley.com
- **Market cap**: $300B
- **Last price**: $190.74
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $78.0B
- **Net income**: $20.2B
- **Free cash flow**: -$18.6B
- **Net debt**: $402B
- **P/E**: 14.8
- **Revenue growth (YoY)**: 18.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 37 |
| Growth | 24 |
| Profitability | 70 |
| Health | 18 |
| Quality | 55 |
| Moat | 25 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +18.0% YoY
- [x] Profitable — $20.2B TTM
- [x] Profit growing — +18.1% YoY
- [ ] Generates cash — -$18.6B TTM
- [ ] Debt under control — current ratio 0.35
- [x] Established company — $300B market cap
- [x] Not printing shares — -2.0% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — Altman Z 0.3 — distress
- [x] Pays a dividend — yield 2.27%
- [x] Valuation not extreme — P/E 14.8

## Experience (career milestones)

- **FY2025** — Best year on record: $16.9B net income
- **FY2021** — Revenue crossed $50B: $59.8B for the year
- **2021** — Morgan Stanley acquired Eaton Vance
- **2020** — The company completed its acquisition of E-Trade for $13 billion in stock, the biggest acquisition…
- **2018** — Morgan Stanley acquired Mesa West, a leading U.S
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $34.6B in first reported year
- **2013** — Morgan Stanley announced a partnership with Longchamp Asset Management, a French-based asset…
- **2009** — The Global Wealth Management Group was merged with Citi's Smith Barney to form Morgan Stanley Smith…
- **2006** — Morgan Stanley announced the spin-off of its Discover Card unit
- **2001** — The firm changed its name back to "Morgan Stanley" in 2001
- **1996** — Morgan Stanley acquired Van Kampen American Capital
- **1962** — Morgan Stanley credits itself with having created the first viable computer model for financial analysis in 1962,…
- **Sep 16, 1935** — Morgan Stanley was founded on September 16, 1935, by employees of J.P

## Strengths

- High gross margin (56.7%)
- Strongly profitable — 25.8% net margin
- Revenue growing 18.0% year over year

## Watch-outs

- Negative free cash flow (-$18.6B)
- Altman Z-Score 0.28 — elevated financial-distress risk
- Thin interest coverage (1.3×)

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $59.8B | $15.0B | $31.7B |
| FY2022 | $53.7B | $11.0B | -$9.47B |
| FY2023 | $54.1B | $9.09B | -$36.9B |
| FY2024 | $61.8B | $13.4B | -$2.10B |
| FY2025 | $70.6B | $16.9B | -$20.8B |

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Source: https://stockcv.com/MS — derived from company filings; may be delayed or incomplete. Information, not investment advice.