MS
Morgan Stanley
MS has lower modeled downside risk, despite its lower overall score.
TRUP
Trupanion, Inc.
TRUP has a slight edge over MS overall, supported by stronger valuation.
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.
TRUP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
TRUP's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like TRUP.
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.
TRUP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 44x | $27.09 | -21% |
| Forward | 48x | $34.30 | — |
| Current | 56x | $34.30 | — |
| Fair | 64x | $38.94 | +14% |
| Expensive | 185x | $113 | +229% |
Historical ranges are pointers, not guarantees.
TRUP 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 |
MS has the edge over TRUP on the outlook, with more favorable profitability expectations.
TRUP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TRUP, with profitability 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'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.
TRUP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.72 | +17% |
| Q3 2026 | $0.61 | +69% |
| Q2 2026 | $0.53 | +104% |
| Q1 2026 | $0.59 | +$0.69 |
| Q4 2025 | $0.45 | +$0.68 |
| Q3 2025 | $0.36 | +$0.68 |
| Q2 2025 | $0.26 | +$0.71 |
| Q1 2025 | -$0.10 | +$0.54 |
| Q4 2024 | -$0.23 | +$0.85 |
TRUP's earnings per share have climbed steadily: $0.61 over the past year, up 69% from the year before, and higher year over year for 12 quarters in a row.
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 TRUP on sales, with stronger typical year-over-year growth.
| 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 TRUP on profitability, with a higher operating margin.
TRUP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $405.6M | +11% |
| Q2 2026 | $392.9M | +11% |
| Q1 2026 | $384M | +12% |
| Q4 2025 | $376.9M | +12% |
| Q3 2025 | $366.9M | +12% |
| Q2 2025 | $353.6M | +12% |
| Q1 2025 | $342M | +12% |
| Q4 2024 | $337.3M | +14% |
TRUP's revenue has grown year over year every quarter since late 2020: $406M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.4% | +0.8 points |
| Q2 2026 | 1.6% | +1 points |
| Q1 2026 | 1.2% | +1.7 points |
| Q4 2025 | 1.9% | +1.8 points |
| Q3 2025 | 1.6% | +1.1 points |
| Q2 2025 | 0.7% | +2.4 points |
| Q1 2025 | -0.4% | +1.6 points |
| Q4 2024 | 0.1% | 0 points |
TRUP's operating margin was 2.4% last quarter, up 0.8 points from the same quarter a year ago, near the top of its range since 2019.
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.
TRUP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $28.5M | +19% |
| Q2 2026 | $19.2M | +59% |
| Q1 2026 | $13.7M | -2.1% |
| Q4 2025 | $25.3M | +16% |
| Q3 2025 | $23.9M | +79% |
| Q2 2025 | $12M | +203% |
| Q1 2025 | $14M | +$14.7M |
| Q4 2024 | $21.8M | +61% |
TRUP 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 TRUP on shareholder dilution, with a more favorable share count trend.
TRUP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -56.4K shares |
| 1 year | +0.5% | +203K shares |
| 3 years | +5.4% | +2.2M shares |
| 5 years | +8.6% | +3.5M shares |
| Available history | +20% | +7.4M shares |
TRUP has 44M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q4 2022 | — |
| Q3 2022 | $4,000 |
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.
TRUP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -1.8x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -3.2x | Net Cash |
| Q4 2024 | -4.7x | Net Cash |
TRUP 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).
TRUP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.0 | Neutral |
| Stochastic | 80.2 | Overbought |
TRUP's weekly RSI is 62 (neutral) and its Stochastic is 80 (overbought).
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 TRUP on valuation relative to its sector.
TRUP PE vs Financial Services Sector
| Metric | TRUP | Sector median | Relative |
|---|---|---|---|
| PE | 56x | 13x | 332% above |
| PE % | 33 | 63 | 30 pts below |
TRUP is trading at 56x earnings, a 332% 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.
TRUP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.9 | 19% above |
| 20 week MA | $27.8 | 24% above |
| 50 week MA | $28.2 | 22% above |
| 100 week MA | $36.1 | 5% below |
| 200 week MA | $35.3 | 2.8% below |
TRUP has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 2.8% 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 TRUP on returns for 2026, with the stronger performance.
TRUP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.4 | $120.7 | +231% |
| 2021 | $120.7 | $133.6 | +11% |
| 2022 | $133.6 | $49.0 | -63% |
| 2023 | $49.0 | $30.5 | -38% |
| 2024 | $30.5 | $49.7 | +63% |
| 2025 | $49.7 | $37.8 | -24% |
| 2026 YTD | $37.8 | $34.3 | -9.1% |
TRUP's yearly returns have swung widely, from +231% in 2020 to −63% in 2022. It's down 9.1% so far in 2026.