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Morgan Stanley (MS)
NYSE:MS
US Market

Morgan Stanley (MS) Ratios

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Morgan Stanley Ratios

MS's free cash flow for Q4 2025 was $0.58. For the 2025 fiscal year, MS's free cash flow was decreased by $ and operating cash flow was $0.20. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.17 1.17 0.66 0.72 0.72
Quick Ratio
1.17 1.17 0.66 0.72 0.72
Cash Ratio
0.20 0.20 0.10 0.08 0.12
Solvency Ratio
0.02 0.02 0.02 0.01 0.01
Operating Cash Flow Ratio
-0.03 0.09 <0.01 -0.04 >-0.01
Short-Term Operating Cash Flow Coverage
-0.12 0.34 0.02 -0.47 -0.09
Net Current Asset Value
$ -652.93B$ -652.93B$ -621.90B$ -551.72B$ -532.61B
Leverage Ratios
Debt-to-Assets Ratio
0.33 0.33 0.30 0.28 0.26
Debt-to-Equity Ratio
4.26 4.26 3.45 3.42 3.08
Debt-to-Capital Ratio
0.81 0.81 0.78 0.77 0.76
Long-Term Debt-to-Capital Ratio
0.75 0.75 0.73 0.73 0.71
Financial Leverage Ratio
12.72 12.72 11.63 12.05 11.79
Debt Service Coverage Ratio
0.11 0.11 0.16 0.12 0.19
Interest Coverage Ratio
0.45 0.45 0.39 0.31 1.15
Debt to Market Cap
1.85 1.69 1.80 2.23 2.15
Interest Debt Per Share
333.91 333.91 255.19 231.36 189.84
Net Debt to EBITDA
13.67 13.67 12.51 17.45 11.94
Profitability Margins
Gross Profit Margin
57.07%57.07%55.61%56.79%79.92%
EBIT Margin
19.09%19.09%17.06%13.38%22.55%
EBITDA Margin
23.14%23.14%22.06%18.20%28.95%
Operating Profit Margin
19.09%19.09%17.06%13.38%22.55%
Pretax Profit Margin
19.09%19.09%17.06%13.38%22.55%
Net Profit Margin
14.66%14.66%12.98%10.29%17.65%
Continuous Operations Profit Margin
14.81%14.81%13.12%10.45%17.89%
Net Income Per EBT
76.80%76.80%76.10%76.92%78.28%
EBT Per EBIT
100.00%100.00%100.00%100.00%100.00%
Return on Assets (ROA)
1.19%1.19%1.10%0.76%0.93%
Return on Equity (ROE)
15.45%15.10%12.81%9.18%11.01%
Return on Capital Employed (ROCE)
2.55%2.55%3.70%2.65%3.33%
Return on Invested Capital (ROIC)
1.69%1.69%2.47%1.78%2.28%
Return on Tangible Assets
1.21%1.21%1.12%0.78%0.95%
Earnings Yield
6.70%6.05%6.69%5.99%7.67%
Efficiency Ratios
Receivables Turnover
1.00 1.00 1.20 1.10 0.80
Payables Turnover
0.12 0.12 0.26 0.18 0.06
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
27.61 27.61 4.48K 3.84K 15.62K
Asset Turnover
0.08 0.08 0.08 0.07 0.05
Working Capital Turnover Ratio
-0.43 -1.47 -0.45 -0.42 -0.32
Cash Conversion Cycle
-2.71K -2.71K -1.10K -1.66K -5.83K
Days of Sales Outstanding
364.17 364.17 304.89 331.18 458.84
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
3.07K 3.07K 1.40K 1.99K 6.29K
Operating Cycle
364.17 364.17 304.89 331.18 458.84
Cash Flow Ratios
Operating Cash Flow Per Share
-11.39 31.19 0.86 -20.60 -3.78
Free Cash Flow Per Share
-11.39 29.34 -1.32 -22.70 -5.60
CapEx Per Share
0.00 1.84 2.18 2.10 1.82
Free Cash Flow to Operating Cash Flow
1.00 0.94 -1.54 1.10 1.48
Dividend Paid and CapEx Coverage Ratio
-2.71 5.16 0.14 -3.66 -0.75
Capital Expenditure Coverage Ratio
0.00 16.91 0.39 -9.83 -2.08
Operating Cash Flow Coverage Ratio
-0.04 0.10 <0.01 -0.10 -0.02
Operating Cash Flow to Sales Ratio
-0.16 0.43 0.01 -0.38 -0.10
Free Cash Flow Yield
-7.03%16.53%-1.05%-24.34%-6.59%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
14.93 16.54 14.94 16.71 13.04
Price-to-Sales (P/S) Ratio
2.21 2.43 1.94 1.72 2.30
Price-to-Book (P/B) Ratio
2.26 2.50 1.91 1.53 1.44
Price-to-Free Cash Flow (P/FCF) Ratio
-14.23 6.05 -95.25 -4.11 -15.17
Price-to-Operating Cash Flow Ratio
-14.07 5.69 146.86 -4.53 -22.47
Price-to-Earnings Growth (PEG) Ratio
3.20 0.58 0.28 -1.05 -0.55
Price-to-Fair Value
2.26 2.50 1.91 1.53 1.44
Enterprise Value Multiple
23.24 24.15 21.30 26.90 19.89
Enterprise Value
618.35B 642.76B 484.77B 432.19B 359.77B
EV to EBITDA
23.24 24.15 21.30 26.90 19.89
EV to Sales
5.38 5.59 4.70 4.90 5.76
EV to Free Cash Flow
-34.57 13.94 -230.84 -11.70 -37.97
EV to Operating Cash Flow
-34.57 13.12 355.92 -12.89 -56.24
Tangible Book Value Per Share
57.23 57.23 51.71 46.82 45.51
Shareholders’ Equity Per Share
71.06 71.06 65.69 60.83 59.22
Tax and Other Ratios
Effective Tax Rate
0.22 0.22 0.23 0.22 0.21
Revenue Per Share
73.19 73.19 64.83 54.23 36.95
Net Income Per Share
10.73 10.73 8.42 5.58 6.52
Tax Burden
0.77 0.77 0.76 0.77 0.78
Interest Burden
1.00 1.00 1.00 1.00 1.00
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.25 0.25 0.25 0.27 0.37
Stock-Based Compensation to Revenue
0.02 0.02 0.02 0.02 0.03
Income Quality
-1.05 2.91 0.10 -3.69 -0.57
Currency in USD