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Morgan Stanley MS Free cash flow margin

Free cash flow margin at other companies

Charles Schwab Corporation logo
Charles Schwab CorporationSCHW
176.7%
Raymond James Financial logo
Raymond James FinancialRJF
16.2%+1.7pp
Stifel Financial logo
Stifel FinancialSF
15.5%-0.5pp
Oppenheimer Holdings logo
Oppenheimer HoldingsOPY
5.1%
Ameriprise Financial logo
Ameriprise FinancialAMP
36.7%-1.6pp
Citigroup logo
CitigroupC
-71.1%

Other financials

Income statement

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Revenue$21.3B+27.1%
Net income$3.2B-9.8%
EPS (diluted)$3.46+62.4%

Balance sheet

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Cash & equivalents$133.53B+47.2%
Total debt$383.16B+13.5%
Total equity$114.29B+7.0%
Total assets$1.68T+23.7%

Cash flow

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Operating cash flow-$7.1B+70.4%
CapEx$754.0M+5.8%
Free cash flow-$7.9B+68.2%

Valuation

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Market cap$330.78B+46.4%
P/E18.6×+3.3×
P/S4.2×+0.8×

Profitability

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Net margin22.8%+0.5pp

Returns & leverage

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Return on equity16.4%+2.5pp
Debt / equity3.3×+0.3×

Where this comes from

Calculated from Morgan Stanley’s reported figures.

Based on trailing twelve months.

The source filing: Morgan Stanley’s 10-Q, filed November 3, 2025. Open the filing →

Filed
Nov 3, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0000895421-25-000539

FAQ

What is Morgan Stanley's free cash flow margin?
Morgan Stanley (MS) reported free cash flow margin of -54.3% in Q3 2024.
How has Morgan Stanley's free cash flow margin changed year-over-year?
Morgan Stanley's free cash flow margin increased by 18.3% year-over-year, from -66.4% to -54.3%.
What is the long-term trend for Morgan Stanley's free cash flow margin?
Over 3 years (2020 to 2023), Morgan Stanley's free cash flow margin has grown at a 10.4% compound annual growth rate (CAGR), from -54.7% to -73.5%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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