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.
NXG
NXG NextGen Infrastructure Income Fund
There isn't enough reported data to score NXG 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.
NXG Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Unavailable | |
| N/A | |
| N/A |
There isn't enough reported data to rate NXG's fundamentals.
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.
NXG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 1.9x | $46.60 | — |
| Cheap | 3.1x | N/A | N/A |
| Fair | 5x | N/A | N/A |
| Expensive | 16x | N/A | N/A |
Historical ranges are pointers, not guarantees.
NXG's PE is 1.9x, but its earnings don't support one, so it isn't a reliable read right now.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
NXG Forward outlook
There aren't enough analyst estimates for NXG 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's earnings per share have climbed steadily: $12.60 over the past year, up 29% from the year before, and higher year over year for 10 quarters in a row.
NXG Earnings Per Share
NXG and MS do not have enough comparable growth data to identify a winner.
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's operating margin was 32% last quarter, down 1.2 points from the same quarter a year ago.
NXG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $6.9M | +343% |
| Q4 2025 | $16.7M | +80% |
| Q2 2025 | $1.5M | -48% |
| Q2 2024 | $3M | -44% |
| Q2 2023 | $5.2M | -29% |
| Q4 2022 | $8.3M | -59% |
| Q2 2022 | $7.4M | -60% |
| Q4 2021 | $20.2M | +250% |
NXG has the edge over MS in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 1543% | +814 points |
| Q4 2025 | 284% | N/A |
| Q2 2025 | -272% | +20 points |
| Q4 2024 | 467% | +413 points |
| Q2 2024 | 729% | +635 points |
| Q2 2023 | -291% | -441 points |
| Q4 2022 | 54% | -278 points |
| Q2 2022 | 95% | N/A |
NXG's operating margin was 1543% last quarter, up 814 points from the same quarter a year ago, near the top 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 |
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.
NXG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $545.5M | +277% |
| Q4 2025 | $222.2M | +92% |
| Q2 2025 | $144.7M | +1491% |
| Q4 2024 | $115.6M | +1013% |
| Q2 2024 | $9.1M | +83% |
| Q4 2023 | $10.4M | +2.5% |
| Q2 2023 | $5M | -76% |
| Q4 2022 | $10.1M | -80% |
NXG's free cash flow was $1B over the past year, more than ten times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like NXG.
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 NXG on shareholder dilution, with a more favorable share count trend.
NXG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +21% | +1.1M shares |
| 1 year | +145% | +3.9M shares |
| 3 years | +163% | +4M shares |
NXG has 7M diluted shares, up 145% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q4 2025 | — |
| Q2 2025 | — |
| Q4 2024 | — |
| Q2 2024 | — |
| Q4 2023 | — |
| Q2 2023 | — |
| Q4 2022 | — |
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.
NXG 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).
NXG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.4 | Neutral |
| Stochastic | 19.9 | Oversold |
NXG's weekly RSI is 39 (neutral) and its Stochastic is 20 (oversold).
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.
NXG PE vs Financial Services Sector
| Metric | NXG | Sector median | Relative |
|---|---|---|---|
| PE | 1.9x | 13x | 85% below |
| PE % | 1 | 63 | 62 pts below |
NXG has the edge over MS on valuation relative to its sector.
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 NXG on trend strength, trading above more of its moving averages.
NXG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $49.9 | 6.5% below |
| 20 week MA | $55.2 | 16% below |
| 50 week MA | $54.6 | 15% below |
| 100 week MA | $51.1 | 8.8% below |
| 200 week MA | $44.9 | 3.9% above |
NXG has fallen below most of its moving averages, though it's still 3.9% above its 200-week average.
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 NXG on returns for 2026, with the stronger performance.
NXG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.8 | $36.5 | -33% |
| 2021 | $36.5 | $43.8 | +20% |
| 2022 | $43.8 | $38.7 | -12% |
| 2023 | $38.7 | $35.5 | -8.2% |
| 2024 | $35.5 | $44.0 | +24% |
| 2025 | $44.0 | $50.6 | +15% |
| 2026 YTD | $50.6 | $46.6 | -7.9% |
NXG has finished lower in three of the last six years. It's down 7.9% so far in 2026.