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Morgan Stanley (MS) Financials

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$115.50 -0.71 (-0.61%)
As of 03:59 PM Eastern
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Annual Income Statements for Morgan Stanley

Annual Income Statements for Morgan Stanley

This table shows Morgan Stanley's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 5,671 5,508 5,588 8,222 8,512 10,500 14,566 10,540 8,530 12,800
Consolidated Net Income / (Loss)		 6,279 6,123 6,216 8,883 9,237 11,179 15,120 11,179 9,230 13,529
Net Income / (Loss) Continuing Operations		 6,295 6,122 6,235 8,887 9,237 11,179 15,120 11,179 9,230 13,529
Total Pre-Tax Income 		8,495 8,848 10,403 11,237 11,301 14,418 19,668 14,089 11,813 17,596
Total Revenue		 35,155 34,631 37,945 40,107 41,538 48,757 59,755 53,668 54,143 61,761
Net Interest Income / (Expense)		 3,093 3,698 3,300 3,806 4,694 6,313 8,045 9,327 8,230 8,611
Total Interest Income		 5,835 7,016 8,997 13,892 17,098 10,162 9,411 9,327 8,230 54,135
Investment Securities Interest Income		 5,835 7,016 8,997 13,892 17,098 10,162 9,411 21,595 45,849 54,135
Total Interest Expense		 2,742 3,318 5,697 10,086 12,404 3,849 1,366 0.00 0.00 45,524
Long-Term Debt Interest Expense		 2,742 3,318 5,697 10,086 12,404 3,849 1,366 - - 45,524
Total Non-Interest Income		 32,062 30,933 34,645 36,301 36,844 42,444 51,710 44,341 45,913 53,150
Trust Fees by Commissions		 - 4,109 4,061 4,190 3,919 4,851 5,521 4,938 4,537 5,094
Other Service Charges		 5,047 11,522 12,645 13,641 13,948 14,950 21,009 19,861 20,592 23,764
Net Realized & Unrealized Capital Gains on Investments		 10,655 10,369 11,936 11,988 12,814 14,969 14,186 13,943 15,836 17,587
Investment Banking Income		 16,360 4,933 6,003 6,482 6,163 7,674 10,994 5,599 4,948 6,705
Provision for Credit Losses		 - - - - 161 761 4.00 280 532 264
Total Non-Interest Expense		 26,660 25,783 27,542 28,870 30,076 33,578 40,083 39,299 41,798 43,901
Salaries and Employee Benefits		 16,016 15,878 17,166 17,632 18,837 20,854 24,628 23,053 24,558 26,178
Net Occupancy & Equipment Expense		 3,149 3,095 3,120 3,407 3,622 4,024 4,844 5,222 5,670 5,993
Marketing Expense		 681 587 609 691 660 434 643 905 898 965
Other Operating Expenses		 6,814 6,223 6,647 7,140 6,957 8,266 9,968 10,119 10,672 10,765
Income Tax Expense		 2,200 2,726 4,168 2,350 2,064 3,239 4,548 2,910 2,583 4,067
Preferred Stock Dividends Declared		 456 471 523 526 530 496 468 489 557 590
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)		 152 - 105 135 195 183 86 150 143 139
Basic Earnings per Share		 $2.97 $2.98 $3.14 $4.81 $5.26 $6.55 $8.16 $6.23 $5.24 $8.04
Weighted Average Basic Shares Outstanding		 1.91B 1.85B 1.78B 1.71B 1.62B 1.60B 1.79B 1.69B 1.63B 1.59B
Diluted Earnings per Share		 $2.90 $2.92 $3.07 $4.73 $5.19 $6.46 $8.03 $6.15 $5.18 $7.95
Weighted Average Diluted Shares Outstanding		 1.95B 1.89B 1.82B 1.74B 1.64B 1.62B 1.81B 1.71B 1.65B 1.61B
Weighted Average Basic & Diluted Shares Outstanding		 1.91B 1.85B 1.78B 1.71B 1.60B 1.81B 1.78B 1.68B 1.64B 1.61B
Cash Dividends to Common per Share		 $0.55 $0.70 $0.90 $1.10 $1.30 $1.40 $2.10 $2.95 $3.25 $3.55

Quarterly Income Statements for Morgan Stanley

This table shows Morgan Stanley's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 2,494 2,113 2,836 2,049 2,262 1,383 3,266 2,942 3,028 3,564
Consolidated Net Income / (Loss)		 2,662 2,266 3,033 2,221 2,435 1,541 3,462 3,117 3,226 3,724
Net Income / (Loss) Continuing Operations		 2,662 2,266 3,033 2,221 2,435 1,541 3,462 3,117 3,226 3,724
Total Pre-Tax Income 		3,388 2,794 3,760 2,812 3,145 2,096 4,395 4,074 4,221 4,906
Total Revenue		 12,986 12,749 14,517 13,457 13,273 12,896 15,136 15,019 15,383 16,223
Net Interest Income / (Expense)		 2,510 2,319 2,346 2,010 1,977 1,897 1,796 2,067 2,196 2,552
Total Interest Income		 6,101 -3,036 9,980 2,010 12,126 -15,886 12,930 2,067 2,196 36,942
Investment Securities Interest Income		 6,101 9,232 9,980 10,913 12,126 12,830 12,930 13,529 14,185 13,491
Total Interest Expense		 3,591 -5,355 7,634 0.00 10,149 -17,783 11,134 0.00 0.00 34,390
Total Non-Interest Income		 10,476 10,430 12,171 11,447 11,296 10,999 13,340 12,952 13,187 13,671
Trust Fees by Commissions		 1,133 1,169 1,239 1,090 1,098 1,110 1,227 1,183 1,294 1,390
Other Service Charges		 4,807 4,841 4,980 5,305 5,327 4,980 5,535 5,746 5,986 6,497
Net Realized & Unrealized Capital Gains on Investments		 3,163 3,102 4,622 3,897 3,823 3,494 4,989 4,288 4,317 3,993
Investment Banking Income		 1,373 1,318 1,330 1,155 1,048 1,415 1,589 1,735 1,590 1,791
Provision for Credit Losses		 35 87 234 161 134 3.00 -6.00 76 79 115
Total Non-Interest Expense		 9,563 9,868 10,523 10,484 9,994 10,797 10,747 10,869 11,083 11,202
Salaries and Employee Benefits		 5,614 5,615 6,410 6,262 5,935 5,951 6,696 6,460 6,733 6,289
Net Occupancy & Equipment Expense		 1,303 1,376 1,355 1,397 1,403 1,515 1,417 1,475 1,515 1,586
Marketing Expense		 215 295 247 236 191 224 217 245 224 279
Other Operating Expenses		 2,431 2,582 2,511 2,589 2,465 3,107 2,417 2,689 2,611 3,048
Income Tax Expense		 726 528 727 591 710 555 933 957 995 1,182
Preferred Stock Dividends Declared		 138 123 144 133 146 134 146 134 160 150
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)		 30 30 53 39 27 24 50 41 38 10
Basic Earnings per Share		 $1.49 $1.30 $1.72 $1.25 $1.39 $0.88 $2.04 $1.85 $1.91 $2.24
Weighted Average Basic Shares Outstanding		 1.67B 1.69B 1.65B 1.64B 1.62B 1.63B 1.60B 1.59B 1.59B 1.59B
Diluted Earnings per Share		 $1.47 $1.27 $1.70 $1.24 $1.38 $0.86 $2.02 $1.82 $1.88 $2.23
Weighted Average Diluted Shares Outstanding		 1.70B 1.71B 1.66B 1.65B 1.64B 1.65B 1.62B 1.61B 1.61B 1.61B
Weighted Average Basic & Diluted Shares Outstanding		 1.69B 1.68B 1.67B 1.66B 1.64B 1.64B 1.63B 1.62B 1.61B 1.61B

Annual Cash Flow Statements for Morgan Stanley

This table details how cash moves in and out of Morgan Stanley's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 -2,039 -8,192 3,035 8,629 -5,025 23,483 22,071 402 -38,895 16,154
Net Cash From Operating Activities		 -4,463 5,383 -4,505 7,305 40,773 -25,231 33,971 -6,397 -33,536 1,362
Net Cash From Continuing Operating Activities		 -4,463 5,383 -4,505 7,305 40,773 -25,231 33,971 -6,397 -33,536 1,362
Net Income / (Loss) Continuing Operations		 6,279 6,123 6,216 8,883 9,237 11,179 15,120 11,179 9,230 13,529
Consolidated Net Income / (Loss)		 6,279 6,123 6,216 8,883 9,237 11,179 15,120 11,179 9,230 13,529
Provision For Loan Losses		 123 144 29 -15 161 761 4.00 280 532 264
Depreciation Expense		 1,433 1,736 1,753 1,844 2,643 3,769 4,216 3,998 4,256 5,161
Non-Cash Adjustments to Reconcile Net Income		 2,486 2,613 3,926 1,119 1,123 1,336 1,942 1,644 1,554 1,778
Changes in Operating Assets and Liabilities, net		 -14,784 -5,233 -16,429 -4,526 27,609 -42,276 12,689 -23,498 -49,108 -19,370
Net Cash From Investing Activities		 -19,995 -19,508 -12,391 -22,881 -33,561 -37,898 -49,897 -11,632 -3,084 -29,460
Net Cash From Continuing Investing Activities		 -19,995 -19,508 -12,391 -22,881 -33,561 -37,898 -49,897 -11,632 -3,084 -29,460
Purchase of Investment Securities		 -64,582 -61,591 -37,967 -38,459 -62,724 -79,972 -111,465 -56,910 -31,472 -66,752
Sale and/or Maturity of Investments		 43,589 42,083 25,576 15,876 29,163 38,267 61,568 45,278 28,388 37,292
Net Cash From Financing Activities		 24,154 7,363 16,261 24,205 -11,966 83,784 41,547 22,714 -2,726 46,756
Net Cash From Continuing Financing Activities		 24,154 7,363 16,261 24,205 -11,966 83,784 41,547 22,714 -2,726 46,756
Net Change in Deposits		 22,490 -171 3,573 28,384 2,513 75,417 36,897 1,659 -5,075 23,955
Issuance of Debt		 31,812 44,959 55,416 40,059 30,605 60,726 89,648 72,460 79,220 112,723
Issuance of Preferred Equity		 1,493 0.00 994 0.00 497 0.00 1,275 994 0.00 995
Repayment of Debt		 -27,377 -31,596 -37,398 -36,297 -36,853 -47,690 -70,124 -35,782 -64,805 -80,230
Repurchase of Common Equity		 -2,773 -3,933 -4,292 -5,566 -5,954 -1,890 -12,075 -10,871 -6,178 -4,199
Payment of Dividends		 -1,551 -1,842 -2,085 -2,375 -2,627 -2,739 -4,171 -5,401 -5,763 -6,138
Other Financing Activities, Net		 60 -54 53 - -147 -40 97 -345 -125 -350
Effect of Exchange Rate Changes		 -1,735 -1,430 3,670 - -271 2,828 -3,550 -4,283 451 -2,504
Cash Interest Paid		 2,672 2,834 5,377 9,977 12,511 4,120 1,303 9,819 41,940 46,359
Cash Income Taxes Paid		 677 831 1,390 1,377 1,908 2,591 4,231 4,147 2,035 1,885

Quarterly Cash Flow Statements for Morgan Stanley

This table details how cash moves in and out of Morgan Stanley's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 -19,590 16,431 -16,869 -6,264 3,407 -19,169 13,073 -12,145 924 14,302
Net Cash From Operating Activities		 -7,553 -13,996 -9,865 -9,666 3,747 -17,752 4,360 2,525 -17,323 11,800
Net Cash From Continuing Operating Activities		 -7,553 -13,996 -9,865 -9,666 3,747 -17,752 4,360 2,525 -17,323 11,800
Net Income / (Loss) Continuing Operations		 2,662 2,266 3,033 2,221 2,435 1,541 3,462 3,117 3,226 3,724
Consolidated Net Income / (Loss)		 2,662 2,266 3,033 2,221 2,435 1,541 3,462 3,117 3,226 3,724
Provision For Loan Losses		 35 87 234 161 134 3.00 -6.00 76 79 115
Depreciation Expense		 928 1,207 940 922 988 1,406 975 1,271 1,270 1,645
Non-Cash Adjustments to Reconcile Net Income		 680 -241 624 473 295 162 430 504 418 426
Changes in Operating Assets and Liabilities, net		 -11,858 -17,315 -14,696 -13,443 -105 -20,864 -501 -2,443 -22,316 5,890
Net Cash From Investing Activities		 -4,161 898 -1,041 6,241 517 -8,801 1,054 -13,668 -6,696 -10,150
Net Cash From Continuing Investing Activities		 -4,161 898 -1,041 6,241 517 -8,801 1,054 -13,668 -6,696 -10,150
Purchase of Investment Securities		 -10,128 -2,939 -7,584 -2,231 -6,376 -15,281 -11,914 -21,258 -15,573 -18,007
Sale and/or Maturity of Investments		 5,967 3,837 6,543 8,472 6,893 6,480 12,968 7,590 8,877 7,857
Net Cash From Financing Activities		 -4,567 25,975 -6,288 -2,493 361 5,694 8,857 -404 23,048 15,255
Net Cash From Continuing Financing Activities		 -4,567 25,975 -6,288 -2,493 361 5,694 8,857 -404 23,048 15,255
Net Change in Deposits		 -9,009 18,475 -9,084 950 -3,054 6,113 534 -3,475 14,460 12,436
Issuance of Debt		 16,369 18,177 21,219 18,704 20,993 18,304 29,304 25,166 25,899 32,354
Repayment of Debt		 -8,857 -7,411 -14,845 -19,414 -14,442 -16,104 -17,721 -19,655 -15,836 -27,018
Repurchase of Common Equity		 -2,608 -1,745 -2,205 -1,089 -1,542 -1,342 -1,718 -823 -806 -852
Payment of Dividends		 -1,405 -1,378 -1,406 -1,379 -1,501 -1,477 -1,496 -1,467 -1,590 -1,585
Other Financing Activities, Net		 -51 -143 33 -265 -93 200 -46 -150 -74 -80
Effect of Exchange Rate Changes		 -3,309 3,554 325 -346 -1,218 1,690 -1,198 -598 1,895 -2,603
Cash Interest Paid		 2,932 5,480 8,912 10,250 11,137 11,641 11,878 11,142 11,478 11,861
Cash Income Taxes Paid		 817 1,342 307 671 270 787 233 810 406 436

Annual Balance Sheets for Morgan Stanley

This table presents Morgan Stanley's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 787,465 814,949 851,733 853,531 895,429 1,115,862 1,188,140 1,180,231 1,193,693 1,215,071
Cash and Due from Banks		 19,827 22,017 24,816 30,541 82,171 105,654 127,725 128,127 89,232 105,386
Trading Account Securities		 467,104 217,872 298,243 322,431 313,075 423,592 446,542 346,366 335,199 353,351
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Goodwill		 6,584 6,577 6,597 6,688 7,143 11,635 16,833 16,652 16,707 16,706
Intangible Assets		 2,984 2,721 2,448 2,163 2,107 4,980 8,360 7,618 7,055 6,453
Other Assets		 169,053 442,443 498,281 470,409 490,933 570,001 588,680 681,468 745,500 733,175
Total Liabilities & Shareholders' Equity		 787,465 814,949 851,733 853,531 895,429 1,115,862 1,188,140 1,180,231 1,193,693 1,215,071
Total Liabilities		 711,281 737,772 773,267 772,125 812,732 1,012,713 1,081,542 1,079,000 1,093,711 1,109,643
Non-Interest Bearing Deposits		 156,034 155,863 159,436 187,820 190,356 310,782 347,574 356,646 351,804 376,007
Short-Term Debt		 225,491 245,141 247,934 229,318 252,034 278,024 290,873 278,668 270,799 226,005
Long-Term Debt		 182,590 192,678 217,445 211,036 215,831 240,673 255,467 261,895 291,444 325,647
Other Long-Term Liabilities		 147,166 144,090 148,452 143,951 154,511 183,234 187,628 181,791 179,664 181,984
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 76,184 77,177 78,466 81,406 82,697 103,149 106,598 101,231 99,982 105,428
Total Preferred & Common Equity		 75,182 76,050 77,391 80,246 81,549 101,781 105,441 100,141 99,038 104,511
Preferred Stock		 - - - - 8,520 9,250 - 8,750 8,750 9,750
Total Common Equity		 75,182 76,050 77,391 80,246 73,029 92,531 105,441 91,391 90,288 94,761
Common Stock		 21,764 20,440 20,658 20,978 21,037 22,523 24,906 24,478 24,538 25,096
Retained Earnings		 49,204 53,679 57,577 64,175 70,589 78,694 89,432 94,862 97,996 104,989
Treasury Stock		 -4,059 -5,797 -9,211 -13,971 -18,727 -9,767 -17,500 -26,577 -31,139 -33,613
Accumulated Other Comprehensive Income / (Loss)		 -1,656 -2,643 -3,060 -2,292 -2,788 -1,962 -3,102 -6,253 -6,421 -6,814
Other Equity Adjustments		 9,929 10,371 11,427 11,356 2,918 3,043 11,705 4,881 5,314 5,103
Noncontrolling Interest		 1,002 1,127 1,075 1,160 1,148 1,368 1,157 1,090 944 917

Quarterly Balance Sheets for Morgan Stanley

This table presents Morgan Stanley's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets		 1,160,029 1,180,231 1,199,904 1,164,911 1,169,013 1,193,693 1,228,503 1,212,447 1,258,027 1,215,071
Cash and Due from Banks		 111,696 128,127 111,258 104,994 108,401 89,232 102,305 90,160 91,084 105,386
Trading Account Securities		 422,224 346,366 367,179 331,891 383,681 335,199 789,377 348,140 380,454 353,351
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 202,742 0.00 0.00 0.00 0.00 0.00
Goodwill		 16,721 16,652 16,657 16,652 16,699 16,707 16,722 16,719 16,735 16,706
Intangible Assets		 7,893 7,618 7,470 7,322 7,204 7,055 6,914 6,763 6,620 6,453
Other Assets		 601,495 681,468 697,340 704,052 450,286 745,500 313,185 750,665 763,134 733,175
Total Liabilities & Shareholders' Equity		 1,160,029 1,180,231 1,199,904 1,164,911 1,169,013 1,193,693 1,228,503 1,212,447 1,258,027 1,215,071
Total Liabilities		 1,057,940 1,079,000 1,097,950 1,063,550 1,068,855 1,093,711 1,128,363 1,110,841 1,153,356 1,109,643
Non-Interest Bearing Deposits		 338,123 356,646 347,523 348,511 345,458 351,804 352,494 348,890 363,722 376,007
Short-Term Debt		 289,596 278,668 281,191 273,183 277,140 270,799 296,774 271,574 274,920 226,005
Long-Term Debt		 241,221 261,895 274,440 269,636 269,925 291,444 302,419 309,415 333,778 325,647
Other Long-Term Liabilities		 189,000 181,791 194,796 172,220 176,332 179,664 176,676 180,962 180,936 181,984
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 102,089 101,231 101,954 101,361 100,158 99,982 100,140 101,606 104,671 105,428
Total Preferred & Common Equity		 101,011 100,141 100,826 100,386 99,211 99,038 99,198 100,714 103,647 104,511
Preferred Stock		 8,750 8,750 - 8,750 - 8,750 8,750 8,750 9,750 9,750
Total Common Equity		 92,261 91,391 100,826 91,636 99,211 90,288 90,448 91,964 93,897 94,761
Common Stock		 24,053 24,478 23,533 24,007 24,371 24,538 23,816 24,369 24,745 25,096
Retained Earnings		 94,055 94,862 96,392 97,151 98,007 97,996 99,811 101,374 102,911 104,989
Treasury Stock		 -24,949 -26,577 -27,481 -28,480 -29,959 -31,139 -31,372 -32,129 -32,868 -33,613
Accumulated Other Comprehensive Income / (Loss)		 -5,758 -6,253 -5,711 -6,300 -7,202 -6,421 -7,057 -6,760 -5,986 -6,814
Other Equity Adjustments		 4,860 4,881 14,093 5,258 13,994 5,314 5,250 5,110 5,095 5,103
Noncontrolling Interest		 1,078 1,090 1,128 975 947 944 942 892 1,024 917

Annual Metrics and Ratios for Morgan Stanley

This table displays calculated financial ratios and metrics derived from Morgan Stanley's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 2.57% -1.49% 9.57% 5.70% 3.57% 17.38% 22.56% -10.19% 0.89% 14.07%
EBITDA Growth		 108.92% 6.61% 14.85% 7.61% 6.60% 30.43% 31.32% -24.27% -11.16% 41.62%
EBIT Growth		 136.56% 4.16% 17.57% 8.02% 0.57% 27.58% 36.41% -28.37% -16.15% 48.95%
NOPAT Growth		 71.01% -2.75% 1.85% 42.53% 3.94% 21.02% 35.25% -26.06% -17.43% 46.58%
Net Income Growth		 71.23% -2.48% 1.52% 42.91% 3.99% 21.02% 35.25% -26.06% -17.43% 46.58%
EPS Growth		 81.25% 0.69% 5.14% 54.07% 9.73% 24.47% 24.30% -23.41% -15.77% 53.47%
Operating Cash Flow Growth		 -423.64% 220.61% -183.69% 262.15% 458.15% -161.88% 234.64% -118.83% -424.25% 104.06%
Free Cash Flow Firm Growth		 -40.29% -165.64% 8.11% 236.96% -163.17% -207.21% 73.43% 239.76% -150.18% 266.72%
Invested Capital Growth		 -6.05% 6.35% 5.60% -4.06% 5.52% 12.95% 5.00% -1.71% 3.18% -0.78%
Revenue Q/Q Growth		 -0.07% 3.85% 1.28% -2.32% 6.21% 5.68% 1.58% -3.20% 0.27% 5.69%
EBITDA Q/Q Growth		 78.53% 7.91% 2.18% -4.09% 8.25% 9.18% 1.21% -10.49% -3.01% 15.47%
EBIT Q/Q Growth		 105.94% 10.04% 2.21% -5.18% 8.40% 5.71% 2.36% -12.92% -5.58% 19.00%
NOPAT Q/Q Growth		 66.80% 13.69% -14.05% 11.21% 8.81% 10.99% 2.05% -11.48% -7.28% 19.24%
Net Income Q/Q Growth		 67.13% 13.83% -14.06% 11.20% 8.80% 10.99% 2.05% -11.48% -7.28% 19.24%
EPS Q/Q Growth		 79.01% 16.80% -14.96% 12.89% 10.43% 8.94% 2.29% -10.74% -7.33% 20.82%
Operating Cash Flow Q/Q Growth		 68.62% -52.41% 59.16% -60.57% 20.88% -109,800.00% 312.67% -180.49% -12.61% 104.83%
Free Cash Flow Firm Q/Q Growth		 145.38% -247.21% 40.02% 60.39% -204.89% -393.68% 83.54% -44.63% -156.79% 134.08%
Invested Capital Q/Q Growth		 -7.21% 0.87% -2.10% -4.12% -1.53% 13.33% -1.16% 1.40% 2.32% -7.89%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 28.24% 30.56% 32.04% 32.62% 33.57% 37.30% 39.97% 33.70% 29.68% 36.85%
EBIT Margin		 24.16% 25.55% 27.42% 28.02% 27.21% 29.57% 32.91% 26.25% 21.82% 28.49%
Profit (Net Income) Margin		 17.86% 17.68% 16.38% 22.15% 22.24% 22.93% 25.30% 20.83% 17.05% 21.91%
Tax Burden Percent		 73.91% 69.20% 59.75% 79.05% 81.74% 77.54% 76.88% 79.35% 78.13% 76.89%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 25.90% 30.81% 40.07% 20.91% 18.26% 22.47% 23.12% 20.65% 21.87% 23.11%
Return on Invested Capital (ROIC)		 1.26% 1.23% 1.18% 1.67% 1.72% 1.91% 2.37% 1.73% 1.42% 2.05%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.26% 1.23% 1.17% 1.67% 1.72% 1.91% 2.37% 1.73% 1.42% 2.05%
Return on Net Nonoperating Assets (RNNOA)		 7.21% 6.76% 6.81% 9.44% 9.53% 10.12% 12.05% 9.03% 7.76% 11.12%
Return on Equity (ROE)		 8.47% 7.99% 7.99% 11.11% 11.26% 12.03% 14.42% 10.76% 9.17% 13.17%
Cash Return on Invested Capital (CROIC)		 7.50% -4.93% -4.27% 5.81% -3.65% -10.25% -2.51% 3.45% -1.72% 2.83%
Operating Return on Assets (OROA)		 1.07% 1.10% 1.25% 1.32% 1.29% 1.43% 1.71% 1.19% 1.00% 1.46%
Return on Assets (ROA)		 0.79% 0.76% 0.75% 1.04% 1.06% 1.11% 1.31% 0.94% 0.78% 1.12%
Return on Common Equity (ROCE)		 8.34% 7.87% 7.87% 10.96% 10.51% 10.72% 13.61% 10.19% 8.28% 11.87%
Return on Equity Simple (ROE_SIMPLE)		 8.35% 8.05% 8.03% 11.07% 11.33% 10.98% 14.34% 11.16% 9.32% 12.95%
Net Operating Profit after Tax (NOPAT)		 6,295 6,122 6,235 8,887 9,237 11,179 15,120 11,179 9,230 13,529
NOPAT Margin		 17.91% 17.68% 16.43% 22.16% 22.24% 22.93% 25.30% 20.83% 17.05% 21.91%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 56.45% 56.48% 55.07% 54.18% 55.66% 51.91% 50.40% 54.37% 57.49% 53.65%
Operating Expenses to Revenue		 75.84% 74.45% 72.58% 71.98% 72.41% 68.87% 67.08% 73.23% 77.20% 71.08%
Earnings before Interest and Taxes (EBIT)		 8,495 8,848 10,403 11,237 11,301 14,418 19,668 14,089 11,813 17,596
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 9,928 10,584 12,156 13,081 13,944 18,187 23,884 18,087 16,069 22,757
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.64 0.83 1.00 0.71 0.97 1.18 1.51 1.45 1.62 2.12
Price to Tangible Book Value (P/TBV)		 0.73 0.95 1.13 0.80 1.11 1.44 1.99 1.98 2.21 2.81
Price to Revenue (P/Rev)		 1.37 1.83 2.04 1.42 1.71 2.25 2.67 2.47 2.71 3.26
Price to Earnings (P/E)		 8.48 11.49 13.84 6.91 8.34 10.43 10.94 12.58 17.20 15.72
Dividend Yield		 2.22% 2.07% 2.10% 3.33% 2.97% 2.31% 2.37% 3.76% 3.64% 2.84%
Earnings Yield		 11.80% 8.70% 7.23% 14.47% 12.00% 9.59% 9.14% 7.95% 5.81% 6.36%
Enterprise Value to Invested Capital (EV/IC)		 0.65 0.69 0.92 0.86 0.85 0.86 0.89 0.86 0.95 1.00
Enterprise Value to Revenue (EV/Rev)		 8.97 10.31 13.11 11.13 11.23 10.94 9.69 10.34 11.62 10.66
Enterprise Value to EBITDA (EV/EBITDA)		 31.77 33.72 40.94 34.13 33.44 29.32 24.25 30.68 39.17 28.92
Enterprise Value to EBIT (EV/EBIT)		 37.13 40.34 47.83 39.74 41.26 36.98 29.44 39.38 53.28 37.40
Enterprise Value to NOPAT (EV/NOPAT)		 50.11 58.30 79.81 50.24 50.48 47.69 38.30 49.63 68.19 48.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 66.30 0.00 61.12 11.44 0.00 17.05 0.00 0.00 483.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.41 0.00 0.00 14.42 0.00 0.00 0.00 24.86 0.00 35.24
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 5.36 5.67 5.93 5.41 5.66 5.03 5.13 5.34 5.62 5.23
Long-Term Debt to Equity		 2.40 2.50 2.77 2.59 2.61 2.33 2.40 2.59 2.92 3.09
Financial Leverage		 5.74 5.52 5.80 5.67 5.53 5.31 5.08 5.23 5.48 5.42
Leverage Ratio		 10.72 10.45 10.71 10.67 10.66 10.82 10.98 11.40 11.80 11.73
Compound Leverage Factor		 10.72 10.45 10.71 10.67 10.66 10.82 10.98 11.40 11.80 11.73
Debt to Total Capital		 84.27% 85.01% 85.57% 84.40% 84.98% 83.41% 83.67% 84.23% 84.90% 83.96%
Short-Term Debt to Total Capital		 46.56% 47.60% 45.59% 43.95% 45.78% 44.71% 44.55% 43.42% 40.89% 34.40%
Long-Term Debt to Total Capital		 37.70% 37.41% 39.98% 40.45% 39.20% 38.70% 39.13% 40.81% 44.01% 49.56%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 1.55% 1.49% 0.00% 1.36% 1.32% 1.48%
Noncontrolling Interests to Total Capital		 0.21% 0.22% 0.20% 0.22% 0.21% 0.22% 0.18% 0.17% 0.14% 0.14%
Common Equity to Total Capital		 15.53% 14.77% 14.23% 15.38% 13.26% 14.88% 16.15% 14.24% 13.63% 14.42%
Debt to EBITDA		 41.10 41.37 38.28 33.66 33.55 28.52 22.87 29.89 34.99 24.24
Net Debt to EBITDA		 26.83 27.63 34.49 29.70 27.66 22.71 17.53 22.80 29.44 19.61
Long-Term Debt to EBITDA		 18.39 18.20 17.89 16.13 15.48 13.23 10.70 14.48 18.14 14.31
Debt to NOPAT		 64.83 71.52 74.64 49.55 50.65 46.40 36.13 48.36 60.91 40.78
Net Debt to NOPAT		 42.31 47.78 67.24 43.72 41.76 36.95 27.69 36.89 51.25 32.99
Long-Term Debt to NOPAT		 29.01 31.47 34.87 23.75 23.37 21.53 16.90 23.43 31.58 24.07
Noncontrolling Interest Sharing Ratio		 1.49% 1.39% 1.41% 1.40% 6.60% 10.92% 5.61% 5.29% 9.71% 9.91%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 37,489 -24,609 -22,614 30,972 -19,565 -60,105 -15,972 22,323 -11,201 18,674
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 13.67 -7.42 -3.97 3.07 -1.58 -15.62 -11.69 0.00 0.00 0.41
Operating Cash Flow to Interest Expense		 -1.63 1.62 -0.79 0.72 3.29 -6.56 24.87 0.00 0.00 0.03
Operating Cash Flow Less CapEx to Interest Expense		 -1.63 1.62 -0.79 0.72 3.29 -6.56 24.87 0.00 0.00 0.03
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 484,265 514,996 543,845 521,760 550,562 621,846 652,938 641,794 662,225 657,080
Invested Capital Turnover		 0.07 0.07 0.07 0.08 0.08 0.08 0.09 0.08 0.08 0.09
Increase / (Decrease) in Invested Capital		 -31,194 30,731 28,849 -22,085 28,802 71,284 31,092 -11,144 20,431 -5,145
Enterprise Value (EV)		 315,420 356,887 497,626 446,510 466,316 533,178 579,070 554,866 629,402 658,134
Market Capitalization		 48,077 63,277 77,336 56,836 70,954 109,517 159,298 132,590 146,697 201,201
Book Value per Share		 $38.83 $40.61 $42.81 $46.65 $45.12 $51.14 $58.76 $54.07 $55.01 $58.82
Tangible Book Value per Share		 $33.89 $35.64 $37.80 $41.51 $39.40 $41.96 $44.72 $39.71 $40.53 $44.44
Total Capital		 484,265 514,996 543,845 521,760 550,562 621,846 652,938 641,794 662,225 657,080
Total Debt		 408,081 437,819 465,379 440,354 467,865 518,697 546,340 540,563 562,243 551,652
Total Long-Term Debt		 182,590 192,678 217,445 211,036 215,831 240,673 255,467 261,895 291,444 325,647
Net Debt		 266,341 292,483 419,215 388,514 385,694 413,043 418,615 412,436 473,011 446,266
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 16 -1.00 19 4.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 408,081 437,819 465,379 440,354 467,865 518,697 546,340 540,563 562,243 551,652
Total Depreciation and Amortization (D&A)		 1,433 1,736 1,753 1,844 2,643 3,769 4,216 3,998 4,256 5,161
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $5.26 $6.55 $8.16 $6.23 $5.24 $8.04
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 1.62B 1.60B 1.79B 1.69B 1.63B 1.59B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $5.19 $6.46 $8.03 $6.15 $5.18 $7.95
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 1.64B 1.62B 1.81B 1.71B 1.65B 1.61B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $5.26 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 1.60B 1.81B 1.78B 1.68B 1.64B 1.61B
Normalized Net Operating Profit after Tax (NOPAT)		 6,295 6,122 6,235 8,887 9,237 11,179 15,120 11,179 9,230 13,529
Normalized NOPAT Margin		 17.91% 17.68% 16.43% 22.16% 22.24% 22.93% 25.30% 20.83% 17.05% 21.91%
Pre Tax Income Margin		 24.16% 25.55% 27.42% 28.02% 27.21% 29.57% 32.91% 26.25% 21.82% 28.49%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.10 2.67 1.83 1.11 0.91 3.75 14.40 0.00 0.00 0.39
NOPAT to Interest Expense		 2.30 1.85 1.09 0.88 0.74 2.90 11.07 0.00 0.00 0.30
EBIT Less CapEx to Interest Expense		 3.10 2.67 1.83 1.11 0.91 3.75 14.40 0.00 0.00 0.39
NOPAT Less CapEx to Interest Expense		 2.30 1.85 1.09 0.88 0.74 2.90 11.07 0.00 0.00 0.30
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 24.70% 30.08% 33.54% 26.74% 28.44% 24.50% 27.59% 48.31% 62.44% 45.37%
Augmented Payout Ratio		 68.86% 94.32% 102.59% 89.40% 92.90% 41.41% 107.45% 145.56% 129.37% 76.41%

Quarterly Metrics and Ratios for Morgan Stanley

This table displays calculated financial ratios and metrics derived from Morgan Stanley's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -11.98% -12.22% -1.92% 2.47% 2.21% 1.15% 4.26% 11.61% 15.90% 25.80%
EBITDA Growth		 -26.96% -34.63% -15.01% -11.93% -4.24% -12.47% 14.26% 43.14% 32.86% 87.06%
EBIT Growth		 -30.49% -42.79% -18.05% -15.28% -7.17% -24.98% 16.89% 44.88% 34.21% 134.06%
NOPAT Growth		 -28.52% -39.02% -18.36% -12.42% -8.53% -31.99% 14.14% 40.34% 32.48% 141.66%
Net Income Growth		 -28.52% -39.02% -18.36% -12.42% -8.53% -31.99% 14.14% 40.34% 32.48% 141.66%
EPS Growth		 -25.76% -36.82% -15.84% -10.79% -6.12% -32.28% 18.82% 46.77% 36.23% 159.30%
Operating Cash Flow Growth		 -454.93% -4,110.32% -4,227.62% -164.82% 149.61% -26.84% 144.20% 126.12% -562.32% 166.47%
Free Cash Flow Firm Growth		 128.06% 148.98% 119.58% 374.54% -139.15% -240.87% -733.14% -536.42% -429.54% 146.95%
Invested Capital Growth		 -4.19% -1.71% -0.46% -0.90% 2.26% 3.18% 6.35% 5.96% 10.22% -0.78%
Revenue Q/Q Growth		 -1.11% -1.83% 13.87% -7.30% -1.37% -2.84% 17.37% -0.77% 2.42% 5.46%
EBITDA Q/Q Growth		 1.79% -7.30% 17.47% -20.55% 10.69% -15.27% 53.34% -0.47% 2.73% 19.30%
EBIT Q/Q Growth		 2.08% -17.53% 34.57% -25.21% 11.84% -33.35% 109.69% -7.30% 3.61% 16.23%
NOPAT Q/Q Growth		 4.97% -14.88% 33.85% -26.77% 9.64% -36.71% 124.66% -9.97% 3.50% 15.44%
Net Income Q/Q Growth		 4.97% -14.88% 33.85% -26.77% 9.64% -36.71% 124.66% -9.97% 3.50% 15.44%
EPS Q/Q Growth		 5.76% -13.61% 33.86% -27.06% 11.29% -37.68% 134.88% -9.90% 3.30% 18.62%
Operating Cash Flow Q/Q Growth		 -150.65% -85.30% 29.52% 2.02% 138.76% -573.77% 124.56% -42.09% -786.06% 168.12%
Free Cash Flow Firm Q/Q Growth		 1,130.14% -55.81% -54.91% 33.75% -246.91% -58.98% -102.68% 7.80% -78.25% 114.10%
Invested Capital Q/Q Growth		 -2.64% 1.40% 2.46% -2.04% 0.47% 2.32% 5.60% -2.39% 4.51% -7.89%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 33.24% 31.38% 32.38% 27.75% 31.14% 27.16% 35.48% 35.59% 35.70% 40.38%
EBIT Margin		 26.09% 21.92% 25.90% 20.90% 23.69% 16.25% 29.04% 27.13% 27.44% 30.24%
Profit (Net Income) Margin		 20.50% 17.77% 20.89% 16.50% 18.35% 11.95% 22.87% 20.75% 20.97% 22.96%
Tax Burden Percent		 78.57% 81.10% 80.66% 78.98% 77.42% 73.52% 78.77% 76.51% 76.43% 75.91%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.43% 18.90% 19.34% 21.02% 22.58% 26.48% 21.23% 23.49% 23.57% 24.09%
Return on Invested Capital (ROIC)		 1.76% 1.47% 1.69% 1.37% 1.55% 0.99% 1.85% 1.76% 1.80% 2.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.76% 1.47% 1.69% 1.37% 1.55% 0.99% 1.85% 1.76% 1.80% 2.15%
Return on Net Nonoperating Assets (RNNOA)		 9.11% 7.71% 9.13% 7.32% 8.25% 5.44% 10.55% 9.76% 10.16% 11.65%
Return on Equity (ROE)		 10.87% 9.18% 10.83% 8.69% 9.80% 6.43% 12.40% 11.52% 11.97% 13.80%
Cash Return on Invested Capital (CROIC)		 6.23% 3.45% 2.05% 2.48% -0.68% -1.72% -4.73% -4.20% -8.06% 2.83%
Operating Return on Assets (OROA)		 1.23% 0.99% 1.14% 0.96% 1.10% 0.74% 1.31% 1.29% 1.32% 1.55%
Return on Assets (ROA)		 0.97% 0.81% 0.92% 0.76% 0.85% 0.55% 1.03% 0.98% 1.01% 1.18%
Return on Common Equity (ROCE)		 10.29% 8.69% 10.30% 7.90% 9.27% 5.81% 11.73% 10.42% 11.28% 12.44%
Return on Equity Simple (ROE_SIMPLE)		 12.50% 0.00% 10.41% 10.14% 10.03% 0.00% 9.74% 10.48% 10.95% 0.00%
Net Operating Profit after Tax (NOPAT)		 2,662 2,266 3,033 2,221 2,435 1,541 3,462 3,117 3,226 3,724
NOPAT Margin		 20.50% 17.77% 20.89% 16.50% 18.35% 11.95% 22.87% 20.75% 20.97% 22.96%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 54.92% 57.15% 55.19% 58.67% 56.72% 59.63% 55.03% 54.46% 55.07% 50.26%
Operating Expenses to Revenue		 73.64% 77.40% 72.49% 77.91% 75.30% 83.72% 71.00% 72.37% 72.05% 69.05%
Earnings before Interest and Taxes (EBIT)		 3,388 2,794 3,760 2,812 3,145 2,096 4,395 4,074 4,221 4,906
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,316 4,001 4,700 3,734 4,133 3,502 5,370 5,345 5,491 6,551
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.36 1.45 1.38 1.48 1.30 1.62 1.68 1.70 1.78 2.12
Price to Tangible Book Value (P/TBV)		 1.86 1.98 1.82 2.01 1.71 2.21 2.27 2.29 2.37 2.81
Price to Revenue (P/Rev)		 2.27 2.47 2.61 2.53 2.39 2.71 2.77 2.78 2.86 3.26
Price to Earnings (P/E)		 10.46 12.58 14.17 14.30 13.93 17.20 16.94 15.89 15.76 15.72
Dividend Yield		 3.92% 3.76% 3.65% 3.81% 4.08% 3.64% 3.60% 3.53% 3.36% 2.84%
Earnings Yield		 9.56% 7.95% 7.06% 6.99% 7.18% 5.81% 5.90% 6.29% 6.35% 6.36%
Enterprise Value to Invested Capital (EV/IC)		 0.88 0.86 0.89 0.91 0.88 0.95 0.94 0.96 0.98 1.00
Enterprise Value to Revenue (EV/Rev)		 10.01 10.34 10.96 10.86 10.53 11.62 12.02 11.66 11.91 10.66
Enterprise Value to EBITDA (EV/EBITDA)		 27.45 30.68 33.89 34.82 34.32 39.17 39.33 35.80 35.30 28.92
Enterprise Value to EBIT (EV/EBIT)		 34.29 39.38 44.10 45.74 45.45 53.28 52.89 47.92 47.05 37.40
Enterprise Value to NOPAT (EV/NOPAT)		 43.92 49.63 55.72 57.29 57.12 68.19 68.16 62.25 61.32 48.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 69.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 483.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.76 24.86 43.29 36.35 0.00 0.00 0.00 0.00 0.00 35.24
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 5.20 5.34 5.45 5.36 5.46 5.62 5.98 5.72 5.82 5.23
Long-Term Debt to Equity		 2.36 2.59 2.69 2.66 2.70 2.92 3.02 3.05 3.19 3.09
Financial Leverage		 5.18 5.23 5.40 5.34 5.33 5.48 5.71 5.54 5.64 5.42
Leverage Ratio		 11.24 11.40 11.76 11.46 11.52 11.80 12.02 11.71 11.85 11.73
Compound Leverage Factor		 11.24 11.40 11.76 11.46 11.52 11.80 12.02 11.71 11.85 11.73
Debt to Total Capital		 83.87% 84.23% 84.50% 84.27% 84.53% 84.90% 85.68% 85.11% 85.33% 83.96%
Short-Term Debt to Total Capital		 45.76% 43.42% 42.76% 42.41% 42.82% 40.89% 42.44% 39.79% 38.54% 34.40%
Long-Term Debt to Total Capital		 38.11% 40.81% 41.73% 41.86% 41.71% 44.01% 43.24% 45.33% 46.79% 49.56%
Preferred Equity to Total Capital		 1.38% 1.36% 0.00% 1.36% 0.00% 1.32% 1.25% 1.28% 1.37% 1.48%
Noncontrolling Interests to Total Capital		 0.17% 0.17% 0.17% 0.15% 0.15% 0.14% 0.13% 0.13% 0.14% 0.14%
Common Equity to Total Capital		 14.58% 14.24% 15.33% 14.23% 15.33% 13.63% 12.93% 13.47% 13.16% 14.42%
Debt to EBITDA		 26.27 29.89 32.20 32.41 33.02 34.99 35.80 31.66 30.89 24.24
Net Debt to EBITDA		 20.74 22.80 25.75 26.14 26.48 29.44 29.68 26.75 26.26 19.61
Long-Term Debt to EBITDA		 11.94 14.48 15.90 16.10 16.29 18.14 18.07 16.86 16.94 14.31
Debt to NOPAT		 42.03 48.36 52.93 53.31 54.95 60.91 62.03 55.04 53.65 40.78
Net Debt to NOPAT		 33.19 36.89 42.33 43.00 44.06 51.25 51.44 46.50 45.62 32.99
Long-Term Debt to NOPAT		 19.10 23.43 26.14 26.48 27.11 31.58 31.31 29.31 29.42 24.07
Noncontrolling Interest Sharing Ratio		 5.28% 5.29% 4.88% 9.09% 5.33% 9.71% 5.35% 9.54% 5.72% 9.91%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 30,348 13,410 6,047 8,088 -11,882 -18,890 -38,286 -35,298 -62,920 8,869
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 8.45 0.00 0.79 0.00 -1.17 0.00 -3.44 0.00 0.00 0.26
Operating Cash Flow to Interest Expense		 -2.10 0.00 -1.29 0.00 0.37 0.00 0.39 0.00 0.00 0.34
Operating Cash Flow Less CapEx to Interest Expense		 -2.10 0.00 -1.29 0.00 0.37 0.00 0.39 0.00 0.00 0.34
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 632,906 641,794 657,585 644,180 647,223 662,225 699,333 682,595 713,369 657,080
Invested Capital Turnover		 0.09 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.09 0.09
Increase / (Decrease) in Invested Capital		 -27,686 -11,144 -3,014 -5,867 14,317 20,431 41,748 38,415 66,146 -5,145
Enterprise Value (EV)		 554,723 554,866 584,871 583,323 568,603 629,402 658,346 657,012 695,711 658,134
Market Capitalization		 125,774 132,590 139,370 135,773 128,992 146,697 151,766 156,541 167,323 201,201
Book Value per Share		 $53.74 $54.07 $59.95 $54.87 $59.88 $55.01 $56.49 $56.59 $58.04 $58.82
Tangible Book Value per Share		 $39.40 $39.71 $45.60 $40.51 $45.45 $40.53 $41.73 $42.14 $43.60 $44.44
Total Capital		 632,906 641,794 657,585 644,180 647,223 662,225 699,333 682,595 713,369 657,080
Total Debt		 530,817 540,563 555,631 542,819 547,065 562,243 599,193 580,989 608,698 551,652
Total Long-Term Debt		 241,221 261,895 274,440 269,636 269,925 291,444 302,419 309,415 333,778 325,647
Net Debt		 419,121 412,436 444,373 437,825 438,664 473,011 496,888 490,829 517,614 446,266
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 530,817 540,563 555,631 542,819 547,065 562,243 599,193 580,989 608,698 551,652
Total Depreciation and Amortization (D&A)		 928 1,207 940 922 988 1,406 975 1,271 1,270 1,645
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.49 $1.30 $1.72 $1.25 $1.39 $0.88 $2.04 $1.85 $1.91 $2.24
Adjusted Weighted Average Basic Shares Outstanding		 1.67B 1.69B 1.65B 1.64B 1.62B 1.63B 1.60B 1.59B 1.59B 1.59B
Adjusted Diluted Earnings per Share		 $1.47 $1.27 $1.70 $1.24 $1.38 $0.86 $2.02 $1.82 $1.88 $2.23
Adjusted Weighted Average Diluted Shares Outstanding		 1.70B 1.71B 1.66B 1.65B 1.64B 1.65B 1.62B 1.61B 1.61B 1.61B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.69B 1.68B 1.67B 1.66B 1.64B 1.64B 1.63B 1.62B 1.61B 1.61B
Normalized Net Operating Profit after Tax (NOPAT)		 2,662 2,266 3,033 2,221 2,435 1,541 3,462 3,117 3,226 3,724
Normalized NOPAT Margin		 20.50% 17.77% 20.89% 16.50% 18.35% 11.95% 22.87% 20.75% 20.97% 22.96%
Pre Tax Income Margin		 26.09% 21.92% 25.90% 20.90% 23.69% 16.25% 29.04% 27.13% 27.44% 30.24%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.94 0.00 0.49 0.00 0.31 0.00 0.39 0.00 0.00 0.14
NOPAT to Interest Expense		 0.74 0.00 0.40 0.00 0.24 0.00 0.31 0.00 0.00 0.11
EBIT Less CapEx to Interest Expense		 0.94 0.00 0.49 0.00 0.31 0.00 0.39 0.00 0.00 0.14
NOPAT Less CapEx to Interest Expense		 0.74 0.00 0.40 0.00 0.24 0.00 0.31 0.00 0.00 0.11
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 42.26% 48.31% 52.33% 54.68% 56.90% 62.44% 60.60% 56.29% 53.15% 45.37%
Augmented Payout Ratio		 137.07% 145.56% 141.83% 129.79% 123.00% 129.37% 119.52% 107.68% 94.47% 76.41%

Frequently Asked Questions About Morgan Stanley's Financials

When does Morgan Stanley's fiscal year end?

According to the most recent income statement we have on file, Morgan Stanley's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Morgan Stanley's net income changed over the last 9 years?

Morgan Stanley's net income appears to be on an upward trend, with a most recent value of $13.53 billion in 2024, rising from $6.28 billion in 2015. The previous period was $9.23 billion in 2023.

How has Morgan Stanley revenue changed over the last 9 years?

Over the last 9 years, Morgan Stanley's total revenue changed from $35.16 billion in 2015 to $61.76 billion in 2024, a change of 75.7%.

How much debt does Morgan Stanley have?

Morgan Stanley's total liabilities were at $1.11 trillion at the end of 2024, a 1.5% increase from 2023, and a 56.0% increase since 2015.

How much cash does Morgan Stanley have?

In the past 9 years, Morgan Stanley's cash and equivalents has ranged from $19.83 billion in 2015 to $128.13 billion in 2022, and is currently $105.39 billion as of their latest financial filing in 2024.

How has Morgan Stanley's book value per share changed over the last 9 years?

Over the last 9 years, Morgan Stanley's book value per share changed from 38.83 in 2015 to 58.82 in 2024, a change of 51.5%.


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This page (NYSE:MS) was last updated on 4/30/2025 by MarketBeat.com Staff
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