KWY
Kingsway Corporation
There isn't enough reported data to score KWY 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.
KWY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| N/A | |
| N/A |
KWY's revenue is currently healthy, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like KWY.
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.
KWY PE Valuation
KWY 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.
KWY Forward outlook
There aren't enough analyst estimates for KWY 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.
KWY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.30 | +$0.14 |
| Q2 2026 | -$0.30 | +$0.14 |
| Q1 2026 | -$0.40 | -$0.01 |
| Q4 2025 | -$0.43 | -$0.08 |
| Q3 2025 | -$0.44 | -$0.11 |
| Q2 2025 | -$0.44 | -$0.17 |
| Q1 2025 | -$0.39 | -$0.14 |
| Q4 2024 | -$0.35 | -139% |
KWY is still losing money, but less than at its worst: $0.30 per share over the past year, against $0.56 at its worst in mid-2020.
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 KWY on earnings quality, reporting a profit while its opponent remains loss making.
KWY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $38.9M | +4.5% |
| Q2 2026 | $39.4M | +28% |
| Q1 2026 | $39M | +37% |
| Q4 2025 | $38.6M | +30% |
| Q3 2025 | $37.2M | +37% |
| Q2 2025 | $30.9M | +17% |
| Q1 2025 | $28.3M | +8.4% |
| Q4 2024 | $29.6M | +15% |
KWY has the edge over MS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.1% | +3.4 points |
| Q2 2026 | -0.3% | +3.4 points |
| Q1 2026 | 1.2% | +3.8 points |
| Q4 2025 | 0.8% | -5.2 points |
| Q3 2025 | -2.3% | +0.1 points |
| Q2 2025 | -3.6% | -4.1 points |
| Q1 2025 | -2.5% | -5.5 points |
| Q4 2024 | 6% | +6.5 points |
KWY's operating margin was 1.1% last quarter, up 3.4 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 KWY on profitability, with a higher operating margin.
KWY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $754K | +124% |
| Q1 2026 | -$398K | +$1.4M |
| Q4 2025 | -$10K | +$97K |
| Q2 2025 | $337K | -39% |
| Q1 2025 | -$1.8M | -822% |
| Q4 2024 | -$107K | +$16.9M |
| Q3 2024 | $368K | +$1.2M |
| Q2 2024 | $557K | +$2.2M |
KWY has the stronger cash trend. Its trailing FCF is up 167% versus its history, compared with MS at down 492%.
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.
KWY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +7K shares |
| 1 year | +0.4% | +116K shares |
| 3 years | +9.1% | +2.4M shares |
| 5 years | +26% | +5.9M shares |
| Available history | +31% | +6.8M shares |
KWY has 29M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $345,000 |
| Q4 2024 | — |
KWY hasn't bought back shares in the past year.
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 KWY on shareholder dilution, with a more favorable share count trend.
KWY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.7x | Elevated |
| Q2 2026 | 3.6x | Elevated |
| Q1 2026 | 5.5x | High |
| Q4 2025 | 9.1x | High |
| Q3 2025 | 8.1x | High |
| Q2 2025 | 6.9x | High |
| Q1 2025 | 6.8x | High |
| Q4 2024 | 5.8x | High |
KWY 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.
KWY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.8 | Neutral |
| Stochastic | 31.3 | Neutral |
KWY's weekly RSI is 44 (neutral) and its Stochastic is 31 (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).
KWY PE vs Financial Services Sector
| Metric | KWY | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
KWY 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.
KWY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.28 | 2.2% below |
| 20 week MA | $9.62 | 5.6% below |
| 50 week MA | $10.8 | 16% below |
| 100 week MA | $11.1 | 18% below |
| 200 week MA | $9.74 | 6.8% below |
KWY is in a downtrend: it's below all five of its weekly moving averages, and 6.8% 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 KWY on trend strength, trading above more of its moving averages.
KWY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.88 | $4.57 | +143% |
| 2021 | $4.57 | $5.50 | +20% |
| 2022 | $5.50 | $7.41 | +35% |
| 2023 | $7.41 | $8.40 | +13% |
| 2024 | $8.40 | $8.38 | -0.2% |
| 2025 | $8.38 | $13.9 | +66% |
| 2026 YTD | $13.9 | $9.08 | -35% |
KWY is down 35% so far in 2026, after finishing higher in five of the previous six years.
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 KWY on returns for 2026, with the stronger performance.