BEN
Franklin Resources, Inc.
There isn't enough reported data to score BEN yet.
MS
Morgan Stanley
MS's fundamentals are strong: revenue grew 16% and earnings per share grew 29%. At 15x earnings, it's trading in line with its usual 14x. Analysts expect earnings growth.
BEN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BEN's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BEN.
MS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MS's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MS.
BEN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.5x | $18.81 | -48% |
| Forward | 11x | $35.86 | — |
| Fair | 14x | $27.96 | -22% |
| Current | 18x | $35.86 | — |
| Expensive | 25x | $49.14 | +37% |
Historical ranges are pointers, not guarantees.
BEN's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
MS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $134 | -29% |
| Fair | 14x | $178 | -5.7% |
| Forward | 14x | $189 | — |
| Current | 15x | $189 | — |
| Expensive | 18x | $223 | +18% |
Historical ranges are pointers, not guarantees.
MS has the edge over BEN in the historical PE scenario, which offers more potential upside but is not a forecast.
BEN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BEN, with profitability improving.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
BEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.23 | +64% |
| Q3 2026 | $1.97 | +116% |
| Q2 2026 | $1.47 | +194% |
| Q1 2026 | $1.31 | +96% |
| Q4 2025 | $1.08 | +69% |
| Q3 2025 | $0.91 | +7.1% |
| Q2 2025 | $0.50 | -69% |
| Q1 2025 | $0.67 | -62% |
| Q4 2024 | $0.64 | -66% |
BEN's earnings per share have fallen from their peak: $1.97 over the past year, against $3.78 in late 2021.
MS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +6.3% |
| Q3 2026 | $12.60 | +29% |
| Q2 2026 | $12.37 | +40% |
| Q1 2026 | $11.04 | +29% |
| Q4 2025 | $10.21 | +28% |
| Q3 2025 | $9.76 | +48% |
| Q2 2025 | $8.84 | +45% |
| Q1 2025 | $8.53 | +55% |
| Q4 2024 | $7.95 | +53% |
MS has the edge over BEN on earnings, with more consistent year-over-year improvement.
BEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.4B | +3.9% |
| Q2 2026 | $2.4B | +14% |
| Q1 2026 | $2.3B | +8.7% |
| Q4 2025 | $2.3B | +3.4% |
| Q3 2025 | $2.3B | +6% |
| Q2 2025 | $2.1B | -2.8% |
| Q1 2025 | $2.1B | -1.9% |
| Q4 2024 | $2.3B | +13% |
BEN's revenue has grown year over year for five quarters in a row: $2.4B last quarter, up 3.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +11 points |
| Q2 2026 | 9.2% | +1.7 points |
| Q1 2026 | 14% | +7.2 points |
| Q4 2025 | 12% | +2.3 points |
| Q3 2025 | 3.6% | +11 points |
| Q2 2025 | 7.5% | -3 points |
| Q1 2025 | 6.9% | +0.9 points |
| Q4 2024 | 9.7% | -0.6 points |
BEN's operating margin was 15% last quarter, up 11 points from the same quarter a year ago.
MS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.3B | +12% |
| Q2 2026 | $21.3B | +27% |
| Q1 2026 | $20.6B | +16% |
| Q4 2025 | $17.9B | +10% |
| Q3 2025 | $18.2B | +18% |
| Q2 2025 | $16.8B | +12% |
| Q1 2025 | $17.7B | +17% |
| Q4 2024 | $16.2B | +26% |
MS has the edge over BEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.2 points |
| Q2 2026 | 34% | +6.9 points |
| Q1 2026 | 34% | +2.8 points |
| Q4 2025 | 32% | +2 points |
| Q3 2025 | 33% | +5.6 points |
| Q2 2025 | 28% | +0.4 points |
| Q1 2025 | 31% | +2.2 points |
| Q4 2024 | 30% | +14 points |
MS has the edge over BEN on profitability, with a higher operating margin.
BEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $532.7M | +$584.6M |
| Q3 2025 | -$51.9M | -111% |
| Q2 2025 | $1.3B | +163% |
| Q1 2025 | -$87.6M | -192% |
| Q4 2024 | -$217M | +$54.4M |
| Q3 2024 | $488.4M | -35% |
| Q2 2024 | $482.3M | -16% |
| Q1 2024 | $94.9M | +$143.7M |
BEN has the stronger cash trend. Its trailing FCF is up 47% versus its history, compared with MS at down 492%.
MS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$46B | -$42.7B |
| Q2 2026 | -$2.7B | -123% |
| Q1 2026 | -$7.1B | +$16.9B |
| Q4 2025 | -$2.4B | -120% |
| Q3 2025 | -$3.3B | +$14B |
| Q2 2025 | $11.8B | +368% |
| Q1 2025 | -$24B | -650% |
| Q4 2024 | $11.8B | +$29.6B |
MS's free cash flow was −$58.3B over the past year, against −$3.7B the year before. Free cash flow isn't a meaningful measure for financial services companies like MS.
BEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -600K shares |
| 1 year | -0.4% | -2M shares |
| 3 years | +5% | +24.6M shares |
| 5 years | +5.1% | +24.8M shares |
| Available history | +4.1% | +20.1M shares |
BEN has 515M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $88.4M |
| Q2 2026 | $345.8M |
| Q1 2026 | $57.1M |
| Q4 2025 | $41.9M |
| Q3 2025 | $67.1M |
| Q2 2025 | $157.4M |
| Q1 2025 | $10M |
| Q4 2024 | $5.8M |
BEN spent $533M buying back its own shares over the past year, up 122% from the year before.
MS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -3M shares |
| 1 year | -1.5% | -24M shares |
| 3 years | -4.7% | -77M shares |
| 5 years | -14% | -246M shares |
| Available history | -4.5% | -74M shares |
MS has the edge over BEN on shareholder dilution, with a more favorable share count trend.
BEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.4x | Net Cash |
| Q2 2026 | -1.3x | Net Cash |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | -1.4x | Net Cash |
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -2.6x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.6x | Net Cash |
BEN has the edge over MS on leverage, with a lower net debt burden relative to earnings.
MS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 8.2x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 8.4x | High |
| Q2 2025 | 8.7x | High |
| Q1 2025 | 8.7x | High |
| Q4 2024 | 7.9x | High |
MS's net debt is about 7.8 years of its operating earnings (EBITDA), down from 8.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MS.
BEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.4 | Neutral |
| Stochastic | 56.6 | Neutral |
BEN's weekly RSI is 68 (neutral) and its Stochastic is 57 (neutral).
MS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 18.7 | Oversold |
MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).
BEN PE vs Financial Services Sector
| Metric | BEN | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 13x | 40% above |
| PE % | 69 | 63 | 6 pts above |
BEN is trading at 18x earnings, a 40% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS has the edge over BEN on valuation relative to its sector.
BEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.6 | 9.9% above |
| 20 week MA | $33.3 | 7.8% above |
| 50 week MA | $29.6 | 21% above |
| 100 week MA | $25.8 | 39% above |
| 200 week MA | $25.5 | 41% above |
BEN has the edge over MS on trend strength, trading above more of its moving averages.
MS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $186.5 | 1.5% above |
| 20 week MA | $203.3 | 6.9% below |
| 50 week MA | $191.9 | 1.4% below |
| 100 week MA | $164.9 | 15% above |
| 200 week MA | $129.3 | 46% above |
MS's trend is mixed: it's above three of its five weekly moving averages, and 46% above its 200-week average.
BEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.3 | $24.8 | -5.5% |
| 2021 | $24.8 | $33.4 | +35% |
| 2022 | $33.4 | $26.9 | -20% |
| 2023 | $26.9 | $29.8 | +11% |
| 2024 | $29.8 | $20.7 | -31% |
| 2025 | $20.7 | $24.2 | +17% |
| 2026 YTD | $24.2 | $35.9 | +48% |
BEN has the edge over MS on returns for 2026, with the stronger performance.
MS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.1 | $68.1 | +33% |
| 2021 | $68.1 | $99.3 | +46% |
| 2022 | $99.3 | $86.1 | -13% |
| 2023 | $86.1 | $93.3 | +8.3% |
| 2024 | $93.3 | $126.8 | +36% |
| 2025 | $126.8 | $181.9 | +43% |
| 2026 YTD | $181.9 | $189.2 | +4% |
MS has finished higher in five of the last six years. It's up 4% so far in 2026.