CAC
Camden National Corporation
CAC offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MS
Morgan Stanley
MS has a slight edge over CAC overall, supported by stronger modeled upside and stronger valuation.
CAC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
CAC's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like CAC.
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.
CAC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $49.23 | -17% |
| Fair | 11x | $56.41 | -4.9% |
| Current | 11x | $59.31 | — |
| Forward | 11x | $59.31 | — |
| Expensive | 13x | $66.74 | +13% |
Historical ranges are pointers, not guarantees.
CAC has the edge over MS in the historical PE scenario, which offers more potential upside but is not a forecast.
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's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
CAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect CAC's earnings to grow and its profitability to improve, with its revenue holding steady.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
MS has the edge over CAC on the outlook, with more favorable revenue expectations.
CAC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.60 | +5.5% |
| Q3 2026 | $5.31 | +51% |
| Q2 2026 | $5.22 | +65% |
| Q1 2026 | $4.70 | +50% |
| Q4 2025 | $3.84 | +6.1% |
| Q3 2025 | $3.51 | +9.7% |
| Q2 2025 | $3.16 | +6.4% |
| Q1 2025 | $3.14 | +4.3% |
| Q4 2024 | $3.62 | +22% |
CAC's earnings per share have climbed steadily: $5.31 over the past year, up 51% from the year before, and higher year over year for eight quarters in a row.
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 CAC on earnings, with stronger typical year-over-year growth.
CAC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $68.7M | +5% |
| Q2 2026 | $67.4M | +8.2% |
| Q1 2026 | $64.3M | +7.1% |
| Q4 2025 | $68.1M | +43% |
| Q3 2025 | $65.4M | +45% |
| Q2 2025 | $62.3M | +45% |
| Q1 2025 | $60.1M | +44% |
| Q4 2024 | $47.6M | +23% |
CAC has the edge over MS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 43% | +2.1 points |
| Q2 2026 | 44% | +15 points |
| Q1 2026 | 44% | +33 points |
| Q4 2025 | 41% | +2.8 points |
| Q3 2025 | 41% | +5.3 points |
| Q2 2025 | 29% | -6.2 points |
| Q1 2025 | 10% | -29 points |
| Q4 2024 | 39% | +12 points |
CAC has the edge over MS on profitability, with a higher operating margin.
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's revenue has grown year over year for 14 quarters in a row: $20.3B last quarter, up 12% from the same quarter a year ago.
| 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's operating margin was 32% last quarter, down 1.2 points from the same quarter a year ago.
CAC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.3M | -5.9% |
| Q2 2026 | $29.9M | +558% |
| Q1 2026 | $18.2M | +$19M |
| Q4 2025 | $19M | -54% |
| Q3 2025 | $35.4M | +$51.6M |
| Q2 2025 | $4.5M | -66% |
| Q1 2025 | -$727K | -104% |
| Q4 2024 | $41.2M | +$53.3M |
CAC has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
CAC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +13.2K shares |
| 1 year | +0.1% | +10K shares |
| 3 years | +17% | +2.4M shares |
| 5 years | +13% | +2M shares |
| Available history | +10% | +1.6M shares |
CAC has 17M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $2.5M |
| Q1 2026 | $1.5M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | $37,000 |
| Q3 2024 | — |
| Q4 2023 | — |
CAC spent $4M buying back its own shares over the past year.
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 CAC on shareholder dilution, with a more favorable share count trend.
CAC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2020 | 4.4x | High |
| Q4 2019 | 4.0x | Elevated |
CAC's net debt is about 4.4 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like CAC.
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.
CAC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.7 | Neutral |
| Stochastic | 60.5 | Neutral |
CAC's weekly RSI is 66 (neutral) and its Stochastic is 60 (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).
CAC PE vs Financial Services Sector
| Metric | CAC | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 14% below |
| PE % | 67 | 63 | 4 pts above |
CAC has the edge over MS on valuation relative to its sector.
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS is trading at 15x earnings, a 15% premium to the Financial Services sector's median of 13x.
CAC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.4 | 3.3% above |
| 20 week MA | $56.9 | 4.3% above |
| 50 week MA | $51.5 | 15% above |
| 100 week MA | $45.9 | 29% above |
| 200 week MA | $40.7 | 46% above |
CAC 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.
CAC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.1 | $35.3 | -23% |
| 2021 | $35.3 | $48.2 | +36% |
| 2022 | $48.2 | $41.5 | -14% |
| 2023 | $41.5 | $37.6 | -9.4% |
| 2024 | $37.6 | $42.8 | +14% |
| 2025 | $42.8 | $44.6 | +4% |
| 2026 YTD | $44.6 | $59.3 | +33% |
CAC 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.