MPT

Medical Properties Trust, Inc.

There isn't enough reported data to score MPT yet.

MS

Morgan Stanley

62
Fundamentals71/ 100
Valuation48/ 100
Upside potential73/ 100
Risk potential11/ 100

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.

MPT Fundamentals

MetricStatus
Stable
Healthy
N/A
N/A

MPT's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like MPT.

MS Fundamentals

MetricStatus
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.

MPT PE Valuation

CHEAPFAIREXPENSIVE19x38x57x76x
CHEAPFAIREXPENSIVE19x38x57x76x
LevelPEPriceVs current
Current4.2x$1.71—
Cheap7.1x$2.90+70%
Fair22x$8.96+424%
Expensive26x$10.48+513%

Historical ranges are pointers, not guarantees.

MPT has the edge over MS in the historical PE scenario, which offers more potential upside but is not a forecast.

MS PE Valuation

CHEAPFAIREXPENSIVE5.5x11x17x22x
CHEAPFAIREXPENSIVE5.5x11x17x22x
LevelPEPriceVs current
Cheap11x$134-29%
Fair14x$178-5.7%
Forward14x$189—
Current15x$189—
Expensive18x$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.

MPT Forward outlook

MetricOutlook
--
Turning to a loss
Stable
Strongly weakening
Limited
High

Analysts expect MPT's earnings and profitability to decline, with its revenue holding steady.

MS Forward outlook

MetricOutlook
Improving
Growth
Growth
Improving
Limited
Moderate

MS has the edge over MPT on the outlook, with more favorable earnings and revenue expectations.

MPT Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $1.71 on Nov 12.

There is not enough scenario data to compare MPT and MS's risk to reward.

MS Risk to reward

ScenarioChangePrice
Upside+29%$243.85
Downside-11%$168.44

Calculated from the latest close: $189.17 on Nov 12.

There is not enough scenario data to compare MPT and MS's risk to reward.

MPT Earnings Per Share

Q4 2023: $-0.94Q1 2024: $-2.45Q2 2024: $-2.92Q3 2024: $-4.45Q4 2024: $-4.02Q1 2025: $-2.76Q2 2025: $-2.38Q3 2025: $-1.17Q4 2025: $-0.46Q1 2026: $-0.21Q2 2026: $-0.06Q3 2026: $0.41
Q4 2023: $-0.94Q1 2024: $-2.45Q2 2024: $-2.92Q3 2024: $-4.45Q4 2024: $-4.02Q1 2025: $-2.76Q2 2025: $-2.38Q3 2025: $-1.17Q4 2025: $-0.46Q1 2026: $-0.21Q2 2026: $-0.06Q3 2026: $0.41
QuarterTTM EPSYoY
Q3 2026$0.41+$1.58
Q2 2026-$0.06+$2.32
Q1 2026-$0.21+$2.55
Q4 2025-$0.46+$3.56
Q3 2025-$1.17+$3.28
Q2 2025-$2.38+$0.54
Q1 2025-$2.76-$0.31
Q4 2024-$4.02-$3.08

MPT has returned to profit: it earned $0.41 per share over the past year, after losing money the year before.

MS Earnings Per Share

Q4 2023: $5.18Q1 2024: $5.50Q2 2024: $6.08Q3 2024: $6.58Q4 2024: $7.95Q1 2025: $8.53Q2 2025: $8.84Q3 2025: $9.76Q4 2025: $10.21Q1 2026: $11.04Q2 2026: $12.37Q3 2026: $12.60Forward: $13.39
Q4 2023: $5.18Q1 2024: $5.50Q2 2024: $6.08Q3 2024: $6.58Q4 2024: $7.95Q1 2025: $8.53Q2 2025: $8.84Q3 2025: $9.76Q4 2025: $10.21Q1 2026: $11.04Q2 2026: $12.37Q3 2026: $12.60Forward: $13.39
QuarterTTM EPSYoY
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 MPT on earnings, with more consistent year-over-year improvement.

MPT Quarterly Revenue

Q4 2023: −$122MQ1 2024: $271MQ2 2024: $267MQ3 2024: $226MQ4 2024: $232MQ1 2025: $224MQ2 2025: $240MQ3 2025: $238MQ4 2025: $270MQ1 2026: $252MQ2 2026: $259MQ3 2026: $250M
Q4 2023: −$122MQ1 2024: $271MQ2 2024: $267MQ3 2024: $226MQ4 2024: $232MQ1 2025: $224MQ2 2025: $240MQ3 2025: $238MQ4 2025: $270MQ1 2026: $252MQ2 2026: $259MQ3 2026: $250M
QuarterRevenueYoY
Q3 2026$250.1M+5.3%
Q2 2026$259.3M+7.9%
Q1 2026$252.1M+13%
Q4 2025$270.3M+17%
Q3 2025$237.5M+5.2%
Q2 2025$240.4M-9.8%
Q1 2025$223.8M-18%
Q3 2024$225.8M-26%

MPT's revenue is recovering but still below its 2022 peak: $250M last quarter, up 5.3% from the same quarter a year ago.

MS Quarterly Revenue

Q4 2023: $12.9BQ1 2024: $15.1BQ2 2024: $15BQ3 2024: $15.4BQ4 2024: $16.2BQ1 2025: $17.7BQ2 2025: $16.8BQ3 2025: $18.2BQ4 2025: $17.9BQ1 2026: $20.6BQ2 2026: $21.3BQ3 2026: $20.3B
Q4 2023: $12.9BQ1 2024: $15.1BQ2 2024: $15BQ3 2024: $15.4BQ4 2024: $16.2BQ1 2025: $17.7BQ2 2025: $16.8BQ3 2025: $18.2BQ4 2025: $17.9BQ1 2026: $20.6BQ2 2026: $21.3BQ3 2026: $20.3B
QuarterRevenueYoY
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 MPT on sales, with more consistent year-over-year improvement.

MPT Free Cash Flow

Q4 2023: $135MQ1 2024: $74MQ2 2024: $35MQ3 2024: $59MQ4 2024: $77MQ1 2025: $384,000Q2 2025: $52MQ3 2025: $19MQ4 2025: $160MQ1 2026: −$14MQ2 2026: $62MQ3 2026: $41M
Q4 2023: $135MQ1 2024: $74MQ2 2024: $35MQ3 2024: $59MQ4 2024: $77MQ1 2025: $384,000Q2 2025: $52MQ3 2025: $19MQ4 2025: $160MQ1 2026: −$14MQ2 2026: $62MQ3 2026: $41M
QuarterFree cash flowYoY
Q3 2026$41.1M+122%
Q2 2026$62.4M+21%
Q1 2026-$14.3M-3813%
Q4 2025$160.1M+109%
Q3 2025$18.6M-69%
Q2 2025$51.7M+47%
Q1 2025$384K-99%
Q4 2024$76.7M-43%

MPT has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.

MS Free Cash Flow

Q4 2023: −$17.8BQ1 2024: $4.4BQ2 2024: $2.5BQ3 2024: −$17.3BQ4 2024: $11.8BQ1 2025: −$24BQ2 2025: $11.8BQ3 2025: −$3.3BQ4 2025: −$2.4BQ1 2026: −$7.1BQ2 2026: −$2.7BQ3 2026: −$46B
Q4 2023: −$17.8BQ1 2024: $4.4BQ2 2024: $2.5BQ3 2024: −$17.3BQ4 2024: $11.8BQ1 2025: −$24BQ2 2025: $11.8BQ3 2025: −$3.3BQ4 2025: −$2.4BQ1 2026: −$7.1BQ2 2026: −$2.7BQ3 2026: −$46B
QuarterFree cash flowYoY
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.

MPT Total Shares

Q4 2023: 599MQ1 2024: 600MQ2 2024: 600MQ3 2024: 600MQ4 2024: 600MQ1 2025: 601MQ2 2025: 601MQ3 2025: 601MQ4 2025: 601MQ1 2026: 598MQ2 2026: 598MQ3 2026: 597M
Q4 2023: 599MQ1 2024: 600MQ2 2024: 600MQ3 2024: 600MQ4 2024: 600MQ1 2025: 601MQ2 2025: 601MQ3 2025: 601MQ4 2025: 601MQ1 2026: 598MQ2 2026: 598MQ3 2026: 597M
PeriodChange %Net change
Quarterly-0.1%-799K shares
1 year-0.7%-4M shares
3 years-0.2%-1.4M shares
5 years0%-158K shares
Available history+21%+102M shares

MPT has 597M diluted shares, down 0.7% from a year ago.

MS Total Shares

Q4 2023: 1.6BQ1 2024: 1.6BQ2 2024: 1.6BQ3 2024: 1.6BQ4 2024: 1.6BQ1 2025: 1.6BQ2 2025: 1.6BQ3 2025: 1.6BQ4 2025: 1.6BQ1 2026: 1.6BQ2 2026: 1.6BQ3 2026: 1.6B
Q4 2023: 1.6BQ1 2024: 1.6BQ2 2024: 1.6BQ3 2024: 1.6BQ4 2024: 1.6BQ1 2025: 1.6BQ2 2025: 1.6BQ3 2025: 1.6BQ4 2025: 1.6BQ1 2026: 1.6BQ2 2026: 1.6BQ3 2026: 1.6B
PeriodChange %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 MPT on shareholder dilution, with a more favorable share count trend.

MPT Net Leverage

Q4 2023: 24.0xQ1 2024: 29.6xQ2 2024: 31.0xQ3 2024: 43.5xQ4 2024: 20.3xQ1 2025: 24.9xQ2 2025: 30.0xQ3 2025: 32.3xQ4 2025: 30.7xQ1 2026: 29.0xQ2 2026: 28.8xQ3 2026: 27.0x
Q4 2023: 24.0xQ1 2024: 29.6xQ2 2024: 31.0xQ3 2024: 43.5xQ4 2024: 20.3xQ1 2025: 24.9xQ2 2025: 30.0xQ3 2025: 32.3xQ4 2025: 30.7xQ1 2026: 29.0xQ2 2026: 28.8xQ3 2026: 27.0x
QuarterNet LeverageStatus
Q3 202627.0xHigh
Q2 202628.8xHigh
Q1 202629.0xHigh
Q4 202530.7xHigh
Q3 202532.3xHigh
Q2 202530.0xHigh
Q1 202524.9xHigh
Q4 202420.3xHigh

MPT's net debt is more than 20 years of its operating earnings (EBITDA), down from more than 20 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MPT.

MS Net Leverage

Q4 2023: 10.7xQ1 2024: 9.8xQ2 2024: 9.8xQ3 2024: 10.2xQ4 2024: 7.9xQ1 2025: 8.7xQ2 2025: 8.7xQ3 2025: 8.4xQ4 2025: 8.6xQ1 2026: 8.2xQ2 2026: 7.3xQ3 2026: 7.8x
Q4 2023: 10.7xQ1 2024: 9.8xQ2 2024: 9.8xQ3 2024: 10.2xQ4 2024: 7.9xQ1 2025: 8.7xQ2 2025: 8.7xQ3 2025: 8.4xQ4 2025: 8.6xQ1 2026: 8.2xQ2 2026: 7.3xQ3 2026: 7.8x
QuarterNet LeverageStatus
Q3 20267.8xHigh
Q2 20267.3xHigh
Q1 20268.2xHigh
Q4 20258.6xHigh
Q3 20258.4xHigh
Q2 20258.7xHigh
Q1 20258.7xHigh
Q4 20247.9xHigh

MS has the edge over MPT on leverage, with a lower net debt burden relative to earnings.

MPT Weekly Momentum

MetricValueStatus
RSI14.7Oversold
Stochastic2.8Oversold

MPT's weekly RSI is 15 (oversold) and its Stochastic is 3 (oversold).

MS Weekly Momentum

MetricValueStatus
RSI45.0Neutral
Stochastic18.7Oversold

MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).

MPT PE vs Financial Services Sector

MetricMPTSector medianRelative
PE4.2x13x68% below
PE %06363 pts below

MPT has the edge over MS on valuation relative to its sector.

MS PE vs Financial Services Sector

MetricMSSector medianRelative
PE15x13x15% above
PE %59634 pts below

MS is trading at 15x earnings, a 15% premium to the Financial Services sector's median of 13x.

MPT Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$2.6836% below
20 week MA$3.6553% below
50 week MA$4.5162% below
100 week MA$4.6863% below
200 week MA$5.4469% below

MPT is in a downtrend: it's below all five of its weekly moving averages, and 69% below its 200-week average.

MS Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$186.51.5% above
20 week MA$203.36.9% below
50 week MA$191.91.4% below
100 week MA$164.915% above
200 week MA$129.346% above

MS has the edge over MPT on trend strength, trading above more of its moving averages.

MPT Yearly ROI

YearStart priceEnd priceROI
2020$20.7$21.7+4.9%
2021$21.7$22.7+4.3%
2022$22.7$11.2-51%
2023$11.2$4.91-56%
2024$4.91$3.73-24%
2025$3.73$5.08+36%
2026 YTD$5.08$1.71-66%

MPT has finished lower in three of the last six years. It's down 66% so far in 2026.

MS Yearly ROI

YearStart priceEnd priceROI
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 MPT on returns for 2026, with the stronger performance.

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