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.
SHFS
SHF Holdings, Inc.
There isn't enough reported data to score SHFS 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.
SHFS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| N/A | |
| N/A |
SHFS's revenue is currently stable, but its profitability is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like SHFS.
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.
SHFS PE Valuation
SHFS 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.
SHFS Forward outlook
There aren't enough analyst estimates for SHFS 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 edge over SHFS on earnings quality, reporting a profit while its opponent remains loss making.
SHFS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$13.43 | +$219.37 |
| Q2 2026 | -$11.76 | +$219.36 |
| Q1 2026 | -$11.40 | +$210.96 |
| Q4 2025 | -$9.84 | +$199.32 |
| Q3 2025 | -$232.80 | -793% |
| Q2 2025 | -$231.12 | -975% |
| Q1 2025 | -$222.36 | -$147.96 |
| Q4 2024 | -$209.16 | -$110.76 |
SHFS is still losing money, but far less than before: $13.43 per share over the past year, against $600.13 at its worst in late 2023.
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 SHFS 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 SHFS on profitability, with a higher operating margin.
SHFS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2M | +6.5% |
| Q2 2026 | $1.9M | +4.8% |
| Q1 2026 | $2M | +2.2% |
| Q4 2025 | $2.1M | -44% |
| Q3 2025 | $1.8M | -47% |
| Q2 2025 | $1.8M | -54% |
| Q1 2025 | $1.9M | -52% |
| Q4 2024 | $3.7M | -18% |
SHFS's revenue is recovering but still below its 2023 peak: $2M last quarter, up 6.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -51% | +15 points |
| Q2 2026 | -53% | -0.4 points |
| Q1 2026 | -89% | +14 points |
| Q4 2025 | -59% | +156 points |
| Q3 2025 | -66% | -72 points |
| Q2 2025 | -53% | -60 points |
| Q1 2025 | -103% | -111 points |
| Q4 2024 | -215% | -177 points |
SHFS's operating margin was −51% last quarter, up 15 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'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.
SHFS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.2M | -$674.8K |
| Q2 2026 | -$1.8M | -$1.1M |
| Q1 2026 | -$1.1M | +$62.1K |
| Q4 2025 | -$1.1M | +$1.7M |
| Q4 2024 | -$2.8M | -$2.2M |
| Q4 2023 | -$607.1K | -$328.1K |
| Q2 2023 | -$378.7K | -$309.6K |
| Q1 2023 | -$775.1K | -$593.5K |
SHFS's free cash flow was −$5M over the past year, against −$5M the year before. Free cash flow isn't a meaningful measure for financial services companies like SHFS.
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 SHFS on shareholder dilution, with a more favorable share count trend.
SHFS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +78% | +451K shares |
| 1 year | +336% | +792K shares |
| 3 years | +861% | +921K shares |
SHFS has 1M diluted shares, up 336% 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.
SHFS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2024 | 118.1x | High |
SHFS's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like SHFS.
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).
SHFS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 25.4 | Oversold |
| Stochastic | 0.2 | Oversold |
SHFS's weekly RSI is 25 (oversold) and its Stochastic is 0 (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.
SHFS PE vs Financial Services Sector
| Metric | SHFS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
SHFS 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 SHFS on trend strength, trading above more of its moving averages.
SHFS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.49 | 96% below |
| 20 week MA | $1.50 | 99% below |
| 50 week MA | $6.73 | 100% below |
| 100 week MA | $29.3 | 100% below |
| 200 week MA | $96.8 | 100% below |
SHFS is in a downtrend: it's below all five of its weekly moving averages, and 100% 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 SHFS on returns for 2026, with the stronger performance.
SHFS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $2,371.2 | $2,412.0 | +1.7% |
| 2022 | $2,412.0 | $460.8 | -81% |
| 2023 | $460.8 | $340.8 | -26% |
| 2024 | $340.8 | $101.0 | -70% |
| 2025 | $101.0 | $15.0 | -85% |
| 2026 YTD | $15.0 | $0.02 | -100% |
SHFS has finished four years in a row lower, and it's down 100% so far in 2026.