INTR
Inter & Co, Inc.
INTR offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
MS
Morgan Stanley
MS has the edge over INTR overall, supported by lower modeled downside and stronger modeled upside.
INTR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
INTR's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like INTR.
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.
INTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 6.4x | $3.96 | — |
| Cheap | 9.4x | $5.82 | +47% |
| Fair | 17x | $10.51 | +165% |
| Expensive | 60x | $37.23 | +840% |
Historical ranges are pointers, not guarantees.
INTR 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.
INTR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for INTR, but weaker profitability.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
MS has the edge over INTR on the outlook, with more favorable profitability expectations.
INTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.62 | +38% |
| Q1 2026 | $0.58 | +41% |
| Q4 2025 | $0.54 | +46% |
| Q3 2023 | $0.08 | +$0.10 |
| Q2 2023 | $0.03 | +200% |
| Q1 2023 | -$0.00 | -100% |
| Q4 2022 | -$0.01 | -150% |
| Q3 2022 | -$0.02 | -200% |
INTR's earnings per share have climbed steadily: $0.62 over the past year, up 38% from the year before, and higher year over year for nine 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 INTR on earnings, with more consistent year-over-year improvement.
INTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $820.6M | +34% |
| Q1 2026 | $750.6M | +39% |
| Q4 2025 | $737.3M | +48% |
| Q3 2025 | $683.2M | +52% |
| Q2 2025 | $613.6M | +52% |
| Q1 2025 | $540.1M | +39% |
| Q4 2024 | $498.7M | +112% |
| Q3 2024 | $449.7M | +23% |
INTR has the edge over MS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 11% | +0.2 points |
| Q1 2026 | 11% | -0.5 points |
| Q4 2025 | 11% | -0.9 points |
| Q3 2025 | 11% | -0.8 points |
| Q2 2025 | 11% | -2 points |
| Q1 2025 | 12% | -0.8 points |
| Q4 2024 | 12% | -1.3 points |
| Q3 2024 | 12% | +4.6 points |
INTR's operating margin was 11% last quarter, about level with 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 INTR on profitability, with a higher operating margin.
INTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$587.3M | -236% |
| Q1 2026 | $56.3M | -74% |
| Q4 2025 | $212.4M | -45% |
| Q3 2025 | -$155.9M | -602% |
| Q2 2025 | $431M | +570% |
| Q1 2025 | $213.9M | +$437.3M |
| Q3 2024 | $31M | -90% |
| Q2 2024 | $64.3M | -89% |
INTR's free cash flow was −$475M over the past year, against $1.1B the year before. Free cash flow isn't a meaningful measure for financial services companies like INTR.
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.
INTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +2.2M shares |
| 1 year | +0.9% | +3.9M shares |
| 3 years | +11% | +46M shares |
| 5 years | +12% | +46.6M shares |
| Available history | -79% | -1.7B shares |
INTR has 448M diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $48,657 |
| Q3 2025 | $5.9M |
| Q2 2025 | $1M |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $39,007 |
INTR spent $6M buying back its own shares over the past year, about six times what it spent 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 the edge over INTR on shareholder dilution, with a more favorable share count trend.
INTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 9.7x | High |
| Q1 2026 | 10.2x | High |
| Q4 2025 | 9.5x | High |
| Q3 2025 | 4.3x | High |
| Q2 2025 | 4.7x | High |
| Q1 2025 | 5.2x | High |
| Q4 2024 | 3.6x | Elevated |
| Q3 2024 | 4.6x | High |
INTR's net debt is about 9.7 years of its operating earnings (EBITDA), up from 4.7 years a year ago. Net leverage isn't a meaningful measure for financial services companies like INTR.
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 has the edge over INTR on leverage, with a lower net debt burden relative to earnings.
INTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.6 | Neutral |
| Stochastic | 3.4 | Oversold |
INTR's weekly RSI is 38 (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).
INTR PE vs Financial Services Sector
| Metric | INTR | Sector median | Relative |
|---|---|---|---|
| PE | 6.4x | 13x | 51% below |
| PE % | 2 | 59 | 57 pts below |
INTR 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.
INTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.50 | 28% below |
| 20 week MA | $5.48 | 28% below |
| 50 week MA | $6.82 | 42% below |
| 100 week MA | $6.86 | 42% below |
| 200 week MA | $5.78 | 31% below |
INTR is in a downtrend: it's below all five of its weekly moving averages, and 31% 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 INTR on trend strength, trading above more of its moving averages.
INTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $3.39 | $2.13 | -37% |
| 2023 | $2.13 | $5.56 | +161% |
| 2024 | $5.56 | $4.25 | -24% |
| 2025 | $4.25 | $8.45 | +99% |
| 2026 YTD | $8.45 | $3.96 | -53% |
INTR has finished lower in two of the last four years. It's down 53% 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 INTR on returns for 2026, with the stronger performance.