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.
RIOT
Riot Platforms, Inc.
There isn't enough reported data to score RIOT 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.
RIOT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| N/A | |
| N/A |
RIOT's revenue is currently stable, but its profitability is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like RIOT.
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.
RIOT PE Valuation
RIOT has no meaningful PE right now: it lost money over the past year.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
MS has the edge over RIOT on the outlook, with more favorable earnings expectations.
RIOT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RIOT's revenue to grow and its profitability to improve, with its earnings holding steady. However, they disagree widely on these estimates.
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 RIOT on earnings quality, reporting a profit while its opponent remains loss making.
RIOT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$4.00 | -1312% |
| Q2 2026 | -$3.75 | -$3.28 |
| Q1 2026 | -$2.49 | -$1.12 |
| Q4 2025 | -$1.95 | -674% |
| Q3 2025 | $0.33 | +27% |
| Q2 2025 | -$0.47 | -185% |
| Q1 2025 | -$1.37 | -259% |
| Q4 2024 | $0.34 | +$0.62 |
RIOT has swung to a loss: it lost $4.00 per share over the past year, after a profit the year before.
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 RIOT on profitability, with a higher operating margin.
RIOT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $181.4M | +0.7% |
| Q2 2026 | $174.2M | +14% |
| Q1 2026 | $167.2M | +3.6% |
| Q4 2025 | $152.8M | +7.2% |
| Q3 2025 | $180.2M | +113% |
| Q2 2025 | $153M | +118% |
| Q1 2025 | $161.4M | +104% |
| Q4 2024 | $142.6M | +81% |
RIOT has the edge over MS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.7% | -44 points |
| Q2 2026 | -137% | -279 points |
| Q1 2026 | -299% | -154 points |
| Q4 2025 | -448% | -580 points |
| Q3 2025 | 44% | +188 points |
| Q2 2025 | 141% | +308 points |
| Q1 2025 | -145% | -402 points |
| Q4 2024 | 132% | +38 points |
RIOT's operating margin was 0.7% last quarter, down 44 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 |
MS has the edge over RIOT on cash flow, with more consistent year-over-year improvement.
RIOT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$264.1M | -$124.4M |
| Q2 2026 | -$150.9M | +$140.8M |
| Q1 2026 | -$298.1M | -$143.2M |
| Q4 2025 | -$188M | -$31.4M |
| Q3 2025 | -$139.7M | -$12.1M |
| Q2 2025 | -$291.7M | -$195.7M |
| Q1 2025 | -$154.9M | -$39.8M |
| Q4 2024 | -$156.6M | -$156.1M |
RIOT's free cash flow was −$901M over the past year, against −$743M the year before. Free cash flow isn't a meaningful measure for financial services companies like RIOT.
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.
RIOT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +8.2% | +28.5M shares |
| 1 year | -6.7% | -27M shares |
| 3 years | +125% | +209M shares |
| 5 years | +349% | +292M shares |
| Available history | +1820% | +357M shares |
RIOT has the edge over MS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $83.7M |
| Q2 2026 | $499,000 |
| Q1 2026 | $2M |
| Q4 2025 | $1.1M |
| Q3 2025 | $2.6M |
| Q2 2025 | $103,000 |
| Q1 2025 | $484,000 |
| Q4 2024 | $84,000 |
RIOT spent $87M buying back its own shares over the past year, more than ten times what it spent the year before.
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.
RIOT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.7x | Healthy |
| Q4 2024 | 0.8x | Very low |
| Q3 2024 | -1.5x | Net Cash |
| Q2 2024 | -1.6x | Net Cash |
| Q1 2024 | -1.6x | Net Cash |
| Q4 2023 | -3.2x | Net Cash |
| Q1 2022 | -2.5x | Net Cash |
RIOT's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like RIOT.
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).
RIOT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.1 | Neutral |
| Stochastic | 29.8 | Neutral |
RIOT's weekly RSI is 48 (neutral) and its Stochastic is 30 (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.
RIOT PE vs Financial Services Sector
| Metric | RIOT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
RIOT 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.
RIOT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.7 | 7.1% above |
| 20 week MA | $19.1 | 6.8% below |
| 50 week MA | $18.6 | 4.1% below |
| 100 week MA | $15.4 | 16% above |
| 200 week MA | $13.1 | 36% above |
RIOT's trend is mixed: it's above three of its five weekly moving averages, and 36% 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 finished higher in five of the last six years. It's up 4% so far in 2026.
RIOT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.22 | $13.1 | +975% |
| 2021 | $13.1 | $25.7 | +96% |
| 2022 | $25.7 | $3.68 | -86% |
| 2023 | $3.68 | $15.5 | +320% |
| 2024 | $15.5 | $11.0 | -29% |
| 2025 | $11.0 | $13.4 | +22% |
| 2026 YTD | $13.4 | $17.8 | +33% |
RIOT has the edge over MS on returns for 2026, with the stronger performance.