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.
SRL
Scully Royalty Ltd.
There isn't enough reported data to score SRL 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.
SRL Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Unavailable | |
| N/A | |
| N/A |
There isn't enough reported data to rate SRL'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.
SRL PE Valuation
SRL 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.
SRL Forward outlook
There aren't enough analyst estimates for SRL 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.
SRL Earnings Per Share
SRL 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 has the edge over SRL in the latest year-over-year revenue comparison.
| 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.
SRL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $13.5M | +5% |
| Q4 2024 | $12.6M | -36% |
| Q2 2024 | $12.8M | -30% |
| Q4 2023 | $19.6M | +0.1% |
| Q2 2023 | $18.3M | -29% |
| Q4 2022 | $19.6M | +12% |
| Q2 2022 | $25.7M | -21% |
| Q4 2021 | $17.4M | -12% |
SRL's revenue has slid since its 2016 peak: $13M last quarter, down 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2025 | 4.3% | -16 points |
| Q4 2024 | -30% | -24 points |
| Q2 2024 | 14% | -11 points |
| Q4 2023 | 25% | +16 points |
| Q2 2023 | 21% | -14 points |
| Q4 2022 | -6.3% | -36 points |
| Q2 2022 | 25% | +8.3 points |
| Q4 2021 | 8.9% | +14 points |
SRL's operating margin was 4.3% last quarter, down 16 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.
SRL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2025 | $2.4M | +$13.7M |
| Q4 2024 | -$10.9M | -$9.5M |
| Q2 2024 | -$11.3M | -206% |
| Q4 2023 | -$1.5M | -127% |
| Q2 2023 | $10.6M | +112% |
| Q4 2022 | $5.6M | +$6.9M |
| Q2 2022 | $5M | +$9.1M |
| Q4 2021 | -$1.3M | +$7.4M |
SRL's free cash flow was −$21M over the past year, against $20M the year before. Free cash flow isn't a meaningful measure for financial services companies like SRL.
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 SRL on shareholder dilution, with a more favorable share count trend.
SRL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +125K shares |
| 1 year | +0.8% | +125K shares |
| 3 years | +19% | +2.4M shares |
SRL has 15M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q4 2024 | — |
| Q2 2024 | — |
| Q4 2023 | — |
| Q2 2023 | — |
| Q4 2022 | — |
| Q2 2022 | — |
| Q4 2021 | — |
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.
SRL 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).
SRL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 23.1 | Oversold |
| Stochastic | 2.0 | Oversold |
SRL's weekly RSI is 23 (oversold) and its Stochastic is 2 (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.
SRL PE vs Financial Services Sector
| Metric | SRL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
SRL 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 SRL on trend strength, trading above more of its moving averages.
SRL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.60 | 17% below |
| 20 week MA | $5.17 | 26% below |
| 50 week MA | $6.50 | 42% below |
| 100 week MA | $6.61 | 43% below |
| 200 week MA | $6.77 | 44% below |
SRL is in a downtrend: it's below all five of its weekly moving averages, and 44% 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 SRL on returns for 2026, with the stronger performance.
SRL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $4.25 | -58% |
| 2021 | $4.25 | $9.50 | +124% |
| 2022 | $9.50 | $7.66 | -19% |
| 2023 | $7.66 | $6.10 | -20% |
| 2024 | $6.10 | $6.66 | +9.2% |
| 2025 | $6.66 | $7.10 | +6.6% |
| 2026 YTD | $7.10 | $3.80 | -46% |
SRL's yearly returns have swung widely, from +124% in 2021 to −58% in 2020. It's down 46% so far in 2026.