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.
NCPL
Netcapital Inc.
There isn't enough reported data to score NCPL yet.
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.
NCPL Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
NCPL's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like NCPL.
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.
NCPL PE Valuation
NCPL has no meaningful PE right now: it lost money over the past year.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
NCPL Forward outlook
There aren't enough analyst estimates for NCPL to show an outlook.
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 stronger earnings trend. Trailing diluted EPS is up 29% for MS versus NCPL down 160%.
NCPL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q1 2026 | -$13.41 | +$8.90 |
| Q4 2025 | -$14.66 | +$19.38 |
| Q3 2025 | -$16.56 | +$12.34 |
| Q2 2025 | -$20.39 | +$8.31 |
| Q1 2025 | -$22.31 | -1694% |
| Q4 2024 | -$34.04 | -190% |
| Q3 2024 | -$28.90 | -176% |
| Q2 2024 | -$28.70 | -165% |
NCPL is still losing money, but far less than before: $13.41 per share over the past year, against $34.04 at its worst in late 2024.
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 stronger quarterly revenue trend. Revenue is up 12% for MS versus down 38% for NCPL.
| 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.
NCPL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $94.3K | -38% |
| Q4 2025 | $51.1K | -70% |
| Q3 2025 | $190.1K | +34% |
| Q2 2025 | $404K | +16% |
| Q1 2025 | $152.7K | -85% |
| Q4 2024 | $170.5K | -92% |
| Q3 2024 | $142.2K | -91% |
| Q2 2024 | $347.2K | -89% |
NCPL's revenue has slid since its 2023 peak: $94,347 last quarter, down 38% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2026 | -2305% | -1199 points |
| Q4 2025 | -4150% | -2858 points |
| Q3 2025 | -1729% | +35 points |
| Q2 2025 | -476% | -32 points |
| Q1 2025 | -1105% | -990 points |
| Q4 2024 | -1292% | -1294 points |
| Q3 2024 | -1764% | -1714 points |
| Q2 2024 | -444% | -487 points |
NCPL's operating margin was −2305% last quarter, down 1199 points from the same quarter a year ago, near the bottom of its range since 2019.
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 |
NCPL has the stronger cash trend. Its trailing FCF is down 113% versus its history, compared with MS at down 492%.
NCPL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2026 | -$868.7K | +$294.8K |
| Q4 2025 | -$2.6M | -$1.1M |
| Q3 2025 | -$4.2M | -$2.3M |
| Q2 2025 | -$724.6K | +$589.3K |
| Q1 2025 | -$1.2M | +$456.6K |
| Q4 2024 | -$1.5M | -$1M |
| Q3 2024 | -$2M | -$499.6K |
| Q2 2024 | -$1.3M | -$111.4K |
NCPL's free cash flow was −$8M over the past year, against −$6M the year before. Free cash flow isn't a meaningful measure for financial services companies like NCPL.
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 NCPL on shareholder dilution, with a more favorable share count trend.
NCPL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +17% | +802K shares |
| 1 year | +492% | +4.7M shares |
| 3 years | +12288% | +5.6M shares |
| 5 years | +94496% | +5.6M shares |
NCPL has 6M diluted shares, up 492% from a year ago.
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.
NCPL Net Leverage
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).
NCPL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.6 | Neutral |
| Stochastic | 54.1 | Neutral |
NCPL's weekly RSI is 60 (neutral) and its Stochastic is 54 (neutral).
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.
NCPL PE vs Financial Services Sector
| Metric | NCPL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
NCPL has no meaningful PE right now: it lost money over the past year.
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's trend is mixed: it's above three of its five weekly moving averages, and 46% above its 200-week average.
NCPL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.50 | 17% above |
| 20 week MA | $0.88 | 99% above |
| 50 week MA | $0.73 | 140% above |
| 100 week MA | $1.58 | 11% above |
| 200 week MA | $17.7 | 90% below |
NCPL has the edge over MS on trend strength, trading above more of its moving averages.
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 finished higher in five of the last six years. It's up 4% so far in 2026.
NCPL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $966.0 | $546.0 | -43% |
| 2021 | $546.0 | $1,050.0 | +92% |
| 2022 | $1,050.0 | $86.8 | -92% |
| 2023 | $86.8 | $14.9 | -83% |
| 2024 | $14.9 | $2.14 | -86% |
| 2025 | $2.14 | $0.77 | -64% |
| 2026 YTD | $0.77 | $1.75 | +127% |
NCPL has the edge over MS on returns for 2026, with the stronger performance.