EZPW
EZCORP, Inc.
EZPW has the edge over MS overall, supported by stronger valuation and stronger modeled upside.
MS
Morgan Stanley
MS's outlook is improving, though it still trails on the overall score.
EZPW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
EZPW's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like EZPW.
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.
EZPW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $23.75 | -12% |
| Forward | 12x | $27.05 | — |
| Current | 13x | $27.05 | — |
| Fair | 16x | $32.37 | +20% |
| Expensive | 21x | $43.19 | +60% |
Historical ranges are pointers, not guarantees.
EZPW 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.
EZPW Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for EZPW, with profitability improving.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
MS has the edge over EZPW on the outlook, with more favorable valuation expectations.
EZPW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.18 | +5.2% |
| Q3 2026 | $2.07 | +46% |
| Q2 2026 | $1.99 | +57% |
| Q1 2026 | $1.85 | +57% |
| Q4 2025 | $1.57 | +38% |
| Q3 2025 | $1.42 | +29% |
| Q2 2025 | $1.27 | +20% |
| Q1 2025 | $1.18 | +12% |
| Q4 2024 | $1.14 | +78% |
EZPW's earnings per share have climbed steadily: $2.07 over the past year, up 46% from the year before, and higher year over year for 11 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 EZPW on earnings, with stronger typical year-over-year growth.
EZPW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $447.1M | +33% |
| Q2 2026 | $418.7M | +35% |
| Q1 2026 | $446.9M | +46% |
| Q4 2025 | $382M | +19% |
| Q3 2025 | $336.8M | +14% |
| Q2 2025 | $311M | +11% |
| Q1 2025 | $306.3M | +7.2% |
| Q4 2024 | $320.2M | +6.7% |
EZPW has the edge over MS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +1.6 points |
| Q2 2026 | 13% | +1.5 points |
| Q1 2026 | 15% | +4 points |
| Q4 2025 | 16% | +2.8 points |
| Q3 2025 | 11% | +2.2 points |
| Q2 2025 | 12% | +3.7 points |
| Q1 2025 | 11% | +1.6 points |
| Q4 2024 | 13% | +0.7 points |
EZPW's operating margin was 13% last quarter, up 1.6 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'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 has the edge over EZPW on profitability, with a higher operating margin.
EZPW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $38.2M | +6.8% |
| Q2 2026 | $32.9M | +28% |
| Q1 2026 | $38M | +33% |
| Q4 2025 | $31.7M | +55% |
| Q3 2025 | $35.7M | +46% |
| Q2 2025 | $25.7M | -16% |
| Q1 2025 | $28.6M | +232% |
| Q4 2024 | $20.4M | +43% |
EZPW 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.
EZPW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -52K shares |
| 1 year | +0.5% | +440K shares |
| 3 years | -4% | -3.5M shares |
| 5 years | +49% | +27.5M shares |
| Available history | +50% | +27.7M shares |
EZPW has 83M diluted shares, up 0.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3M |
| Q2 2026 | $4M |
| Q1 2026 | $4M |
| Q4 2025 | — |
| Q3 2025 | $999,000 |
| Q2 2025 | $2M |
| Q1 2025 | $997,000 |
| Q4 2024 | $3M |
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 EZPW on shareholder dilution, with a more favorable share count trend.
EZPW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.8x | Very low |
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 1.0x | Healthy |
EZPW 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.
EZPW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.9 | Neutral |
| Stochastic | 14.8 | Oversold |
EZPW's weekly RSI is 42 (neutral) and its Stochastic is 15 (oversold).
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).
EZPW PE vs Financial Services Sector
| Metric | EZPW | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.4% above |
| PE % | 31 | 63 | 32 pts below |
EZPW 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.
EZPW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 9.3% below |
| 20 week MA | $30.9 | 13% below |
| 50 week MA | $28.4 | 4.6% below |
| 100 week MA | $21.7 | 25% above |
| 200 week MA | $15.7 | 72% above |
EZPW has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 72% above its 200-week average.
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 has the edge over EZPW on trend strength, trading above more of its moving averages.
EZPW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.69 | $4.75 | -29% |
| 2021 | $4.75 | $7.10 | +49% |
| 2022 | $7.10 | $8.33 | +17% |
| 2023 | $8.33 | $8.74 | +4.9% |
| 2024 | $8.74 | $12.3 | +41% |
| 2025 | $12.3 | $19.8 | +61% |
| 2026 YTD | $19.8 | $27.1 | +36% |
EZPW 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.