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Morgan Stanley (MS) Stock Fundamental Analysis & AI Rating 2026

MS CIK: 0000895421
Updated This Month • Analysis: Mar 19, 2026 • SEC Data: 2025-12-31
Combined AI Rating
HOLD
70% Confidence
STRONG AGREEMENT
HOLD
62% Conf
HOLD
77% Conf

📊 MS Key Takeaways

Revenue: $59.1B
Net Margin: 28.5%
Free Cash Flow: $-17.9B
Current Ratio: N/A
Debt/Equity: 3.06x
EPS: $10.21
AI Rating: HOLD with 62% confidence
Morgan Stanley (MS) receives a HOLD rating with 70% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $59.1B, net profit margin of 28.5%, and return on equity (ROE) of 15.1%, Morgan Stanley demonstrates mixed fundamentals in the Market sector. Below is our complete MS stock analysis for 2026.

Is Morgan Stanley (MS) a Good Investment?

Claude

Morgan Stanley demonstrates strong profitability with 28.5% net margins and 37.2% operating margins, supported by exceptional revenue growth of 487.9% YoY and diluted EPS growth of 28.4%. However, significant concerns around negative free cash flow of -17.9B, elevated leverage at 3.06x debt-to-equity, and thin interest coverage of 2.0x suggest financial stress that warrants caution despite solid earnings performance.

ChatGPT

Morgan Stanley shows solid core profitability with a 28.5% net margin, 15.1% ROE, and modest net income growth, which supports a fundamentally strong franchise. However, growth quality looks mixed because the reported revenue surge is not matched by comparable earnings growth, while leverage remains high and operating cash flow is negative. The balance of strong earnings power against funding and cash flow risks supports a neutral fundamental view.

Why Buy Morgan Stanley Stock? MS Key Strengths

Claude
  • + Exceptional net profit margin of 28.5% demonstrates strong pricing power and operational efficiency
  • + Revenue surge of 487.9% YoY with net income growth of 3.8% indicates substantial top-line expansion
  • + Robust operating margin of 37.2% reflects disciplined cost management in core operations
  • + Substantial cash position of $111.7B provides liquidity buffer against market volatility
ChatGPT
  • + Strong profitability with 37.2% operating margin and 28.5% net margin
  • + Healthy capital base with $111.63B of equity and substantial cash at $111.69B
  • + Good shareholder returns efficiency with 15.1% ROE and positive net income growth

MS Stock Risks: Morgan Stanley Investment Risks

Claude
  • ! Negative free cash flow of -17.9B signals that operations are not generating cash; company may be consuming capital or managing timing-related working capital cycles
  • ! High leverage of 3.06x debt-to-equity with only 2.0x interest coverage indicates limited margin for error and refinancing risk in rising rate environment
  • ! Extreme revenue volatility (487.9% growth) may be driven by one-time items or market conditions rather than sustainable business operations
  • ! Zero insider Form 4 filings in last 90 days may reflect restricted trading or lack of management conviction
ChatGPT
  • ! High leverage with debt-to-equity of 3.06x and $341.68B of long-term debt
  • ! Weak cash generation with operating cash flow and free cash flow at negative $17.89B
  • ! Growth quality concern because reported revenue growth of 487.9% far exceeds net income growth of 3.8%

Key Metrics to Watch

Claude
  • * Operating cash flow trend and normalization from -17.9B to positive territory
  • * Debt-to-equity ratio and refinancing activity, particularly in rising rate environment
  • * Sustainability of 487.9% revenue growth and whether it normalizes in subsequent periods
  • * Interest coverage ratio improvement above 2.0x threshold
  • * Return on equity trend relative to 15.1% baseline and ROA improvement from 1.2%
ChatGPT
  • * Operating cash flow trend and stability
  • * ROE and interest coverage

Morgan Stanley (MS) Financial Metrics & Key Ratios

Revenue
$59.1B
Net Income
$16.9B
EPS (Diluted)
$10.21
Free Cash Flow
$-17.9B
Total Assets
$1.4T
Cash Position
$111.7B

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

MS Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 37.2%
Net Margin 28.5%
ROE 15.1%
ROA 1.2%
FCF Margin -30.3%

MS vs Market Sector: How Morgan Stanley Compares

How Morgan Stanley compares to Market sector averages

Net Margin
MS 28.5%
vs
Sector Avg 12.0%
MS Sector
ROE
MS 15.1%
vs
Sector Avg 15.0%
MS Sector
Current Ratio
MS 0.0x
vs
Sector Avg 1.8x
MS Sector
Debt/Equity
MS 3.1x
vs
Sector Avg 0.7x
MS Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Morgan Stanley Stock Overvalued? MS Valuation Analysis 2026

Based on fundamental analysis, Morgan Stanley has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
15.1%
Sector avg: 15%
Net Profit Margin
28.5%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
3.06x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Morgan Stanley Balance Sheet: MS Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
3.06x
Debt/Assets
92.1%
Interest Coverage
1.97x
Long-term Debt
$341.7B

MS Revenue & Earnings Growth: 5-Year Financial Trend

MS 5-year financial data: Year 2010: Revenue $31.6B, Net Income N/A, EPS N/A. Year 2011: Revenue $32.4B, Net Income N/A, EPS N/A. Year 2012: Revenue $32.2B, Net Income N/A, EPS N/A. Year 2013: Revenue $32.4B, Net Income N/A, EPS N/A. Year 2014: Revenue $34.3B, Net Income N/A, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Morgan Stanley's revenue has shown modest growth of 8% over the 5-year period. The most recent EPS of $5.18 reflects profitable operations.

MS Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-30.3%
Free cash flow / Revenue

MS Quarterly Earnings & Performance

Quarterly financial performance data for Morgan Stanley including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2018 $5.9B $1.8B $1.00
Q2 2015 $8.6B $1.6B $0.85
Q1 2015 $9.0B $1.4B $0.74
Q3 2014 $8.0B $880.0M $0.44
Q2 2014 $8.5B $505.0M $0.41
Q1 2014 $8.2B $784.0M $0.48
Q3 2013 $5.3B -$72.0M $-0.32
Q2 2013 $6.9B $431.0M $0.23

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Morgan Stanley Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$17.9B
Cash generated from operations
Stock Buybacks
$691.0M
Shares repurchased (TTM)
Dividends Paid
$6.6B
Returned to shareholders

MS SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Morgan Stanley (CIK: 0000895421)

📋 Recent SEC Filings

Date Form Document Action
Apr 15, 2026 8-K ms-20260415.htm View →
Apr 2, 2026 DEF 14A ny20058185x1_def14a.htm View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773433208.xml View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773433178.xml View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773433138.xml View →

Frequently Asked Questions about MS

What is the AI rating for MS?

Morgan Stanley (MS) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are MS's key strengths?

Claude: Exceptional net profit margin of 28.5% demonstrates strong pricing power and operational efficiency. Revenue surge of 487.9% YoY with net income growth of 3.8% indicates substantial top-line expansion. ChatGPT: Strong profitability with 37.2% operating margin and 28.5% net margin. Healthy capital base with $111.63B of equity and substantial cash at $111.69B.

What are the risks of investing in MS?

Claude: Negative free cash flow of -17.9B signals that operations are not generating cash; company may be consuming capital or managing timing-related working capital cycles. High leverage of 3.06x debt-to-equity with only 2.0x interest coverage indicates limited margin for error and refinancing risk in rising rate environment. ChatGPT: High leverage with debt-to-equity of 3.06x and $341.68B of long-term debt. Weak cash generation with operating cash flow and free cash flow at negative $17.89B.

What is MS's revenue and growth?

Morgan Stanley reported revenue of $59.1B.

Does MS pay dividends?

Morgan Stanley pays dividends, with $6,593.0M distributed to shareholders in the trailing twelve months.

Where can I find MS SEC filings?

Official SEC filings for Morgan Stanley (CIK: 0000895421) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MS's EPS?

Morgan Stanley has a diluted EPS of $10.21.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is MS a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Morgan Stanley has a HOLD rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is MS stock overvalued or undervalued?

Valuation metrics for MS: ROE of 15.1% (sector avg: 15%), net margin of 28.5% (sector avg: 12%). Higher ROE suggests strong returns relative to peers.

Should I buy MS stock in 2026?

Our dual AI analysis gives Morgan Stanley a combined HOLD rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is MS's free cash flow?

Morgan Stanley's operating cash flow is $-17.9B, with capital expenditures of N/A. FCF margin is -30.3%.

How does MS compare to other Market stocks?

Vs Default sector averages: Net margin 28.5% (avg: 12%), ROE 15.1% (avg: 15%), current ratio N/A (avg: 1.8).

Is Morgan Stanley carrying too much debt?

MS has a debt-to-equity ratio of 3.06x, which is above the Market sector average of 0.7x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 19, 2026 | Data as of: 2025-12-31 | Powered by Claude AI