FSK
FS KKR Capital Corp.
There isn't enough reported data to score FSK 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.
FSK Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| N/A | |
| N/A |
FSK's profitability is currently stable, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like FSK.
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.
FSK PE Valuation
FSK has no meaningful PE right now: it lost money over the past year.
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.
FSK Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect FSK's earnings and revenue to decline, with profitability weakening.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
MS has the edge over FSK on the outlook, with more favorable earnings and revenue expectations.
FSK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.56 | — |
| Q3 2026 | -$1.85 | -293% |
| Q2 2026 | -$1.35 | -275% |
| Q1 2026 | -$1.97 | -204% |
| Q4 2025 | $0.03 | -99% |
| Q3 2025 | $0.96 | -49% |
| Q2 2025 | $0.77 | -66% |
| Q1 2025 | $1.89 | -21% |
| Q4 2024 | $2.08 | -16% |
FSK has swung to a loss: it lost $1.85 per share over the past year, after a profit 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 FSK on earnings quality, reporting a profit while its opponent remains loss making.
FSK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $6M | -99% |
| Q1 2022 | $299M | +21% |
| Q4 2021 | $265M | +31% |
| Q3 2021 | $336M | +32% |
| Q4 2020 | $202M | +573% |
MS has the stronger quarterly revenue trend. Revenue is down 99% for FSK versus up 12% for MS.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | -1167% | -1261 points |
| Q1 2022 | 75% | -5.3 points |
| Q4 2021 | 73% | -2.9 points |
| Q3 2021 | 80% | -2 points |
| Q2 2021 | 94% | N/A |
| Q1 2021 | 81% | N/A |
| Q4 2020 | 76% | +142 points |
| Q3 2020 | 82% | N/A |
FSK's operating margin was −1167% last quarter, down 1261 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
FSK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $404M | -43% |
| Q2 2026 | $776M | +619% |
| Q1 2026 | $245M | +$663M |
| Q4 2025 | $195M | -80% |
| Q3 2025 | $707M | +773% |
| Q2 2025 | $108M | -71% |
| Q1 2025 | -$418M | -190% |
| Q4 2024 | $978M | +630% |
FSK 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.
FSK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.4% | +4M shares |
| 1 year | +1.5% | +4.2M shares |
| 3 years | +1.5% | +4.2M shares |
| 5 years | -0.3% | -892K shares |
| Available history | +123% | +157M shares |
FSK has 284M diluted shares, up 1.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $70M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
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 FSK on shareholder dilution, with a more favorable share count trend.
FSK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 14.6x | High |
| Q1 2022 | 6.1x | High |
| Q4 2021 | 5.7x | High |
| Q3 2021 | 5.6x | High |
| Q2 2021 | 5.1x | High |
| Q1 2021 | 6.8x | High |
| Q4 2019 | 16.1x | High |
FSK's net debt is about 15 years of its operating earnings (EBITDA), up from 5.1 years a year ago. Net leverage isn't a meaningful measure for financial services companies like FSK.
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.
FSK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.7 | Neutral |
| Stochastic | 52.6 | Neutral |
FSK's weekly RSI is 52 (neutral) and its Stochastic is 53 (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).
FSK PE vs Financial Services Sector
| Metric | FSK | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
FSK has no meaningful PE right now: it lost money over the past year.
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.
FSK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.0 | 5.4% above |
| 20 week MA | $11.3 | 2.7% above |
| 50 week MA | $11.8 | 1.5% below |
| 100 week MA | $15.7 | 26% below |
| 200 week MA | $17.7 | 35% below |
FSK has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 35% below 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 FSK on trend strength, trading above more of its moving averages.
FSK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.6 | $16.7 | -32% |
| 2021 | $16.7 | $20.6 | +24% |
| 2022 | $20.6 | $17.8 | -14% |
| 2023 | $17.8 | $20.0 | +13% |
| 2024 | $20.0 | $21.7 | +8.6% |
| 2025 | $21.7 | $14.7 | -32% |
| 2026 YTD | $14.7 | $11.6 | -21% |
FSK has finished lower in three of the last six years. It's down 21% 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 FSK on returns for 2026, with the stronger performance.