GNW
Genworth Financial, Inc.
GNW trails on the overall score without a compensating advantage in the available component scores.
MS
Morgan Stanley
MS has the edge over GNW overall, supported by stronger modeled upside and lower modeled downside.
GNW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
GNW's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like GNW.
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.
GNW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 2.5x | $0.35 | -96% |
| Fair | 9.5x | $1.33 | -84% |
| Expensive | 32x | $4.44 | -47% |
| Current | 60x | $8.41 | — |
Historical ranges are pointers, not guarantees.
GNW's PE is in its expensive range at 60x.
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 GNW in the historical PE scenario, which offers more potential upside but is not a forecast.
GNW Forward outlook
There aren't enough analyst estimates for GNW 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.
GNW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.14 | -74% |
| Q2 2026 | $0.53 | +18% |
| Q1 2026 | $0.53 | +6% |
| Q4 2025 | $0.54 | -21% |
| Q3 2025 | $0.54 | +170% |
| Q2 2025 | $0.45 | +543% |
| Q1 2025 | $0.50 | +163% |
| Q4 2024 | $0.68 | +$0.68 |
GNW's earnings per share have fallen from their peak: $0.14 over the past year, against $2.18 in mid-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 GNW on earnings, with more consistent year-over-year improvement.
GNW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | -7.3% |
| Q2 2026 | $1.9B | +5.8% |
| Q1 2026 | $1.8B | -0.5% |
| Q4 2025 | $1.8B | +0.1% |
| Q3 2025 | $1.9B | +2.9% |
| Q2 2025 | $1.8B | +1.5% |
| Q1 2025 | $1.8B | -4.2% |
| Q4 2024 | $1.8B | -6.8% |
GNW's revenue fell from its 2020 peak and has held roughly level since: $1.8B last quarter, down 7.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.1% | -8.5 points |
| Q2 2026 | 5.7% | +1.9 points |
| Q1 2026 | 6.3% | +3.4 points |
| Q4 2025 | 1% | -2.1 points |
| Q3 2025 | 8.5% | +5.9 points |
| Q2 2025 | 3.8% | -3.3 points |
| Q1 2025 | 2.9% | -1.7 points |
| Q4 2024 | 3.1% | +15 points |
GNW's operating margin was −0.1% last quarter, down 8.5 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 has the edge over GNW 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 GNW on profitability, with a higher operating margin.
GNW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $100M | +15% |
| Q2 2026 | $52M | +767% |
| Q1 2026 | $91M | +168% |
| Q4 2025 | $200M | +641% |
| Q3 2025 | $87M | -46% |
| Q2 2025 | $6M | -14% |
| Q1 2025 | $34M | +$141M |
| Q4 2024 | $27M | -82% |
GNW 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.
GNW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.8% | -10.8M shares |
| 1 year | -9.1% | -37.8M shares |
| 3 years | -19% | -90.5M shares |
| 5 years | -27% | -139M shares |
| Available history | -26% | -135M shares |
GNW has the edge over MS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $80M |
| Q2 2026 | $63M |
| Q1 2026 | $67M |
| Q4 2025 | $96M |
| Q3 2025 | $74M |
| Q2 2025 | $32M |
| Q1 2025 | $45M |
| Q4 2024 | $54M |
GNW spent $306M buying back its own shares over the past year, up 49% 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 1.6B diluted shares, down 1.5% from a year ago.
GNW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.6x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -0.9x | Net Cash |
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.9x | Net Cash |
GNW 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.
GNW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.9 | Neutral |
| Stochastic | 3.3 | Oversold |
GNW's weekly RSI is 37 (neutral) and its Stochastic is 3 (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).
GNW PE vs Financial Services Sector
| Metric | GNW | Sector median | Relative |
|---|---|---|---|
| PE | 60x | 13x | 361% above |
| PE % | 91 | 63 | 28 pts above |
GNW is trading at 60x earnings, a 361% premium to the Financial Services sector's median of 13x.
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 GNW on valuation relative to its sector.
GNW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.03 | 6.9% below |
| 20 week MA | $9.57 | 12% below |
| 50 week MA | $9.06 | 7.2% below |
| 100 week MA | $8.34 | 0.8% above |
| 200 week MA | $7.24 | 16% above |
GNW has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 16% 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 GNW on trend strength, trading above more of its moving averages.
GNW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.36 | $4.36 | 0% |
| 2021 | $4.36 | $4.09 | -6.2% |
| 2022 | $4.09 | $5.27 | +29% |
| 2023 | $5.27 | $6.68 | +27% |
| 2024 | $6.68 | $6.97 | +4.3% |
| 2025 | $6.97 | $9.14 | +31% |
| 2026 YTD | $9.14 | $8.41 | -8% |
GNW has finished higher in four of the last six years. It's down 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 GNW on returns for 2026, with the stronger performance.