FACT
FACT II Acquisition Corp
There isn't enough reported data to score FACT 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.
FACT Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| N/A | |
| N/A |
FACT's profitability is currently stable. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like FACT.
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.
FACT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 49x | $8.73 | -19% |
| Fair | 53x | $9.53 | -12% |
| Current | 60x | $10.79 | — |
| Expensive | 96x | $17.29 | +60% |
Historical ranges are pointers, not guarantees.
FACT 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.
FACT Forward outlook
There aren't enough analyst estimates for FACT to show an outlook.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
FACT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.18 | -10% |
| Q2 2026 | $0.20 | +82% |
| Q1 2026 | $0.22 | +$0.82 |
| Q4 2025 | $0.22 | +$1.26 |
| Q3 2025 | $0.20 | +$3.75 |
| Q2 2025 | $0.11 | +$8.84 |
| Q1 2023 | $0.11 | +57% |
| Q4 2022 | $0.13 | +8.3% |
FACT earned $0.18 per share over the past year, down 10% from the year before.
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 FACT on earnings, with more consistent year-over-year improvement.
FACT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2024 | $94.2M | +49% |
FACT's revenue has slid since its 2024 peak: $0 last quarter.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2024 | -1% | +58 points |
| Q2 2024 | -211% | N/A |
| Q1 2024 | -75% | N/A |
| Q4 2023 | -59% | N/A |
| Q3 2023 | -45% | N/A |
FACT's operating margin was −1% last quarter, up 44 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 FACT 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's operating margin was 32% last quarter, down 1.2 points from the same quarter a year ago.
FACT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$97.6K | -$16.7K |
| Q2 2026 | -$242.4K | -$108.9K |
| Q1 2026 | -$131.9K | +$94K |
| Q4 2025 | -$462.8K | -$208.7K |
| Q3 2025 | -$80.8K | -$29.8K |
| Q2 2025 | -$133.6K | -$133.6K |
| Q1 2025 | -$225.9K | +$4.7M |
| Q4 2024 | -$254.1K | -100% |
FACT's free cash flow was −$934,734 over the past year, against −$694,402 the year before. Free cash flow isn't a meaningful measure for financial services companies like FACT.
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 has the edge over FACT on cash flow, with more consistent year-over-year improvement.
FACT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +32% | +5.8M shares |
| 1 year | +32% | +5.8M shares |
| 3 years | -39% | -15.5M shares |
| 5 years | -42% | -17.7M shares |
FACT has 24M diluted shares, up 32% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q2 2024 | — |
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 FACT on shareholder dilution, with a more favorable share count trend.
FACT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -1.2x | Net Cash |
| Q1 2023 | 0.6x | Very low |
| Q4 2022 | 0.2x | Very low |
| Q3 2022 | 0.1x | Very low |
FACT has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FACT.
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.
FACT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 76.0 | Overbought |
| Stochastic | 94.2 | Overbought |
FACT's weekly RSI is 76 (overbought) and its Stochastic is 94 (overbought).
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).
FACT PE vs Financial Services Sector
| Metric | FACT | Sector median | Relative |
|---|---|---|---|
| PE | 60x | 13x | 360% above |
| PE % | 80 | 22 | 58 pts above |
FACT is trading at 60x earnings, a 360% 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 FACT on valuation relative to its sector.
FACT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.8 | 0.3% above |
| 20 week MA | $10.7 | 0.7% above |
| 50 week MA | $10.6 | 1.8% above |
| 100 week MA | $10.4 | 3.9% above |
FACT has stronger trend alignment. FACT is above 4 of 4 weekly averages versus MS above 3 of 5.
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.
FACT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $9.88 | $9.88 | 0% |
| 2025 | $9.88 | $10.4 | +5.2% |
| 2026 YTD | $10.4 | $10.8 | +3.8% |
FACT has finished lower in one of the last two years. It's up 3.8% so far in 2026.
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 the edge over FACT on returns for 2026, with the stronger performance.