MS
Morgan Stanley
MS has the edge over SBCF overall, supported by stronger fundamentals and stronger modeled upside.
SBCF
Seacoast Banking Corporation of Florida
SBCF's outlook is improving, though it still trails on the overall score.
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.
SBCF Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
SBCF's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SBCF.
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.
SBCF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $33.58 | — |
| Cheap | 15x | $25.43 | -24% |
| Fair | 18x | $29.63 | -12% |
| Current | 20x | $33.58 | — |
| Expensive | 21x | $34.42 | +2.5% |
Historical ranges are pointers, not guarantees.
SBCF has the edge over MS in the historical PE scenario, which offers more potential upside but is not a forecast.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
SBCF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SBCF, with profitability improving.
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 SBCF on earnings, with more consistent year-over-year improvement.
SBCF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.66 | +59% |
| Q3 2026 | $1.67 | -0.6% |
| Q2 2026 | $1.54 | -4.9% |
| Q1 2026 | $1.49 | +0.7% |
| Q4 2025 | $1.57 | +11% |
| Q3 2025 | $1.68 | +23% |
| Q2 2025 | $1.62 | +17% |
| Q1 2025 | $1.48 | +6.5% |
| Q4 2024 | $1.42 | +15% |
SBCF earned $1.67 per share over the past year, about the same as 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's operating margin was 32% last quarter, down 1.2 points from the same quarter a year ago.
SBCF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $215M | +37% |
| Q2 2026 | $208.2M | +38% |
| Q1 2026 | $163.9M | +16% |
| Q4 2025 | $203.3M | +53% |
| Q3 2025 | $157.3M | +21% |
| Q2 2025 | $151.4M | +20% |
| Q1 2025 | $140.7M | +12% |
| Q4 2024 | $132.9M | +3.7% |
SBCF has the edge over MS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +5.2 points |
| Q2 2026 | 37% | 0 points |
| Q1 2026 | 25% | -4.1 points |
| Q4 2025 | 21% | -11 points |
| Q3 2025 | 30% | -0.3 points |
| Q2 2025 | 37% | +5.6 points |
| Q1 2025 | 29% | +2.1 points |
| Q4 2024 | 33% | +3.3 points |
SBCF has the edge over MS on profitability, with a higher operating margin.
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.
SBCF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $138.6M | +359% |
| Q2 2026 | $61.7M | -15% |
| Q1 2026 | $71.8M | +132% |
| Q4 2025 | $54.5M | +21% |
| Q3 2025 | $30.2M | -43% |
| Q2 2025 | $72.3M | +27% |
| Q1 2025 | $31M | +26% |
| Q4 2024 | $45M | +51% |
SBCF has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 SBCF on shareholder dilution, with a more favorable share count trend.
SBCF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -13K shares |
| 1 year | +11% | +9.8M shares |
| 3 years | +14% | +11.6M shares |
| 5 years | +74% | +41.3M shares |
| Available history | +87% | +45.2M shares |
SBCF has 97M diluted shares, up 11% from a year ago, despite $39M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6M |
| Q2 2026 | $23.3M |
| Q1 2026 | $10M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2023 | $10.8M |
SBCF spent $39M buying back its own shares over the past year.
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.
SBCF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -1.2x | Net Cash |
| Q1 2026 | -3.0x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -0.9x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -2.0x | Net Cash |
| Q4 2024 | -2.0x | Net Cash |
SBCF has the edge over MS on leverage, with a lower net debt burden relative to earnings.
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).
SBCF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.1 | Neutral |
| Stochastic | 44.7 | Neutral |
SBCF's weekly RSI is 53 (neutral) and its Stochastic is 45 (neutral).
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS has the edge over SBCF on valuation relative to its sector.
SBCF PE vs Financial Services Sector
| Metric | SBCF | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 13x | 54% above |
| PE % | 79 | 63 | 16 pts above |
SBCF is trading at 20x earnings, a 54% premium to the Financial Services sector's median of 13x.
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.
SBCF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.0 | 1.9% above |
| 20 week MA | $33.7 | 0.4% below |
| 50 week MA | $32.5 | 3.2% above |
| 100 week MA | $30.2 | 11% above |
| 200 week MA | $27.6 | 22% above |
SBCF 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 the edge over SBCF on returns for 2026, with the stronger performance.
SBCF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.3 | $29.4 | -3.1% |
| 2021 | $29.4 | $34.5 | +18% |
| 2022 | $34.5 | $31.6 | -8.5% |
| 2023 | $31.6 | $28.5 | -9.9% |
| 2024 | $28.5 | $27.3 | -4.2% |
| 2025 | $27.3 | $32.3 | +18% |
| 2026 YTD | $32.3 | $33.6 | +4% |
SBCF has finished lower in four of the last six years. It's up 4% so far in 2026.