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.
OSG
Octave Specialty Group, Inc.
There isn't enough reported data to score OSG 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.
OSG Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| N/A | |
| N/A |
OSG's revenue is currently strong, but its profitability is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like OSG.
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.
OSG PE Valuation
OSG has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 11x next year's earnings.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
OSG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect OSG to return to profit, with revenue growing.
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 OSG on earnings quality, reporting a profit while its opponent remains loss making.
OSG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.48 | — |
| Q3 2026 | -$1.59 | +$14.92 |
| Q2 2026 | -$3.63 | +$11.16 |
| Q1 2026 | -$4.84 | +$8.43 |
| Q4 2025 | -$5.93 | +$5.69 |
| Q3 2025 | -$16.51 | -$16.08 |
| Q2 2025 | -$14.79 | -1019% |
| Q1 2025 | -$13.27 | -1090% |
| Q4 2024 | -$11.62 | -6556% |
OSG is still losing money, but far less than before: $1.59 per share over the past year, against $16.51 at its worst in late 2025.
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 edge over OSG on sales, with more consistent year-over-year improvement.
| 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 OSG on profitability, with a higher operating margin.
OSG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $85.3M | +28% |
| Q2 2026 | $83M | +51% |
| Q1 2026 | $104.2M | +66% |
| Q3 2025 | $66.6M | -42% |
| Q2 2025 | $55M | -48% |
| Q1 2025 | $62.8M | -39% |
| Q3 2024 | $114M | +54% |
| Q2 2024 | $105M | +69% |
OSG's revenue is recovering but still below its 2022 peak: $85M last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -16% | +33 points |
| Q2 2026 | -14% | +28 points |
| Q1 2026 | -3.2% | +21 points |
| Q4 2025 | -46% | N/A |
| Q3 2025 | -48% | -25 points |
| Q2 2025 | -42% | -44 points |
| Q1 2025 | -24% | -49 points |
| Q3 2024 | -24% | -116 points |
OSG's operating margin was −16% last quarter, up 32 points from the same quarter a year ago.
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 |
OSG has the stronger cash trend. Its trailing FCF is down 101% versus its history, compared with MS at down 492%.
OSG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$10.2M | -576% |
| Q1 2026 | -$10.1M | +$2.5M |
| Q4 2025 | -$666K | +$26.6M |
| Q1 2025 | -$12.6M | -170% |
| Q4 2024 | -$27.2M | -131% |
| Q1 2024 | $18M | -77% |
| Q4 2023 | $88M | -93% |
| Q3 2023 | $11M | -77% |
OSG's free cash flow was −$2M over the past year, against −$20M the year before. Free cash flow isn't a meaningful measure for financial services companies like OSG.
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 1.6B diluted shares, down 1.5% from a year ago.
OSG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +28.8K shares |
| 1 year | -5.6% | -2.7M shares |
| 3 years | -3% | -1.4M shares |
| 5 years | -3.5% | -1.6M shares |
| Available history | -0.3% | -158K shares |
OSG has the edge over MS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2024 | $11.7M |
| Q1 2020 | $3M |
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.
OSG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2024 | 20.4x | High |
| Q2 2024 | 4.2x | High |
| Q1 2024 | 4.7x | High |
| Q4 2023 | 11.7x | High |
| Q3 2023 | 2.0x | Moderate |
| Q2 2023 | 0.9x | Very low |
| Q1 2023 | 0.9x | Very low |
| Q4 2022 | 1.1x | Healthy |
OSG's net debt is more than 20 years of its operating earnings (EBITDA), up from 2.0 years a year ago. Net leverage isn't a meaningful measure for financial services companies like OSG.
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).
OSG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.2 | Neutral |
| Stochastic | 59.9 | Neutral |
OSG's weekly RSI is 49 (neutral) and its Stochastic is 60 (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.
OSG PE vs Financial Services Sector
| Metric | OSG | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
OSG 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 has the edge over OSG on trend strength, trading above more of its moving averages.
OSG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.74 | 7.4% above |
| 20 week MA | $5.04 | 1% above |
| 50 week MA | $5.52 | 7.8% below |
| 100 week MA | $7.22 | 30% below |
| 200 week MA | $10.7 | 52% below |
OSG has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 52% below 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 OSG on returns for 2026, with the stronger performance.
OSG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.6 | $16.7 | -23% |
| 2021 | $16.7 | $15.5 | -7.4% |
| 2022 | $15.5 | $16.7 | +7.6% |
| 2023 | $16.7 | $16.5 | -1% |
| 2024 | $16.5 | $12.3 | -25% |
| 2025 | $12.3 | $8.00 | -35% |
| 2026 YTD | $8.00 | $5.09 | -36% |
OSG has finished three years in a row lower, and it's down 36% so far in 2026.