Comprehensive Stock Comparison
Compare Bit Digital, Inc. (BTBT) vs Morgan Stanley (MS) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | BTBT | 264.6% revenue growth vs MS's 16.8% |
| Value | MS | Lower P/E (14.8x vs 139.2x) |
| Quality / Margins | BTBT | 17.3% net margin vs MS's 13.0% |
| Stability / Safety | MS | Beta 1.35 vs BTBT's 1.83 |
| Dividends | MS | 2.3% yield, 11-year raise streak, vs BTBT's 0.3% |
| Momentum (1Y) | MS | +28.0% vs BTBT's -32.1% |
| Efficiency (ROA) | BTBT | 12.1% ROA vs MS's 1.2%, ROIC 6.5% vs 2.9% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Bit Digital is a bitcoin mining company that operates specialized computers to validate blockchain transactions and earn cryptocurrency rewards. It generates revenue primarily from bitcoin mining rewards (over 90% of revenue) and secondarily from treasury management of its bitcoin holdings. The company's competitive advantage lies in its strategic geographic diversification—with operations in North America and Asia—and access to low-cost renewable energy sources that improve mining profitability.
Morgan Stanley is a global investment bank and wealth management firm that provides financial services to institutions, corporations, and individuals. It generates revenue primarily through investment banking fees (~30%), wealth management fees (~40%), and trading & sales activities (~25%), with the remainder from investment management. The company's competitive advantage lies in its elite brand reputation, global institutional relationships, and integrated platform that connects investment banking with wealth management.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
BTBT leads in 3 of 6 categories (Financial Metrics, Valuation Metrics). MS leads in 3 (Total Returns, Risk & Volatility).
Financial Metrics (TTM)
MS is the larger business by revenue, generating $103.1B annually — 629.9x BTBT's $164M. Profitability is closely matched — net margins range from 17.3% (BTBT) to 13.0% (MS).
| Metric | BTBTBit Digital, Inc. | MSMorgan Stanley |
|---|---|---|
| RevenueTrailing 12 months | $164M | $103.1B |
| EBITDAEarnings before interest/tax | $166M | $26.3B |
| Net IncomeAfter-tax profit | $137M | $16.2B |
| Free Cash FlowCash after capex | -$448M | -$6.7B |
| Gross MarginGross profit ÷ Revenue | +61.9% | +55.6% |
| Operating MarginEBIT ÷ Revenue | +16.8% | +17.1% |
| Net MarginNet income ÷ Revenue | +17.3% | +13.0% |
| FCF MarginFCF ÷ Revenue | -65.3% | -2.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +2.8% | +48.9% |
Valuation Metrics
At 8.3x trailing earnings, BTBT trades at a 60% valuation discount to MS's 20.9x P/E. On an enterprise value basis, BTBT's 7.6x EV/EBITDA is more attractive than MS's 24.2x.
| Metric | BTBTBit Digital, Inc. | MSMorgan Stanley |
|---|---|---|
| Market CapShares × price | $538M | $264.9B |
| Enterprise ValueMkt cap + debt − cash | $457M | $549.6B |
| Trailing P/EPrice ÷ TTM EPS | 8.35x | 20.94x |
| Forward P/EPrice ÷ next-FY EPS est. | 139.17x | 14.79x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.35x |
| EV / EBITDAEnterprise value multiple | 7.63x | 24.15x |
| Price / SalesMarket cap ÷ Revenue | 3.29x | 2.57x |
| Price / BookPrice ÷ Book value/share | 0.51x | 2.54x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
MS delivers a 14.6% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $13 for BTBT. BTBT carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to MS's 3.42x. On the Piotroski fundamental quality scale (0–9), BTBT scores 6/9 vs MS's 5/9, reflecting solid financial health.
| Metric | BTBTBit Digital, Inc. | MSMorgan Stanley |
|---|---|---|
| ROE (TTM)Return on equity | +13.1% | +14.6% |
| ROA (TTM)Return on assets | +12.1% | +1.2% |
| ROICReturn on invested capital | +6.5% | +2.9% |
| ROCEReturn on capital employed | +8.5% | +3.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.03x | 3.42x |
| Net DebtTotal debt minus cash | -$81M | $284.7B |
| Cash & Equiv.Liquid assets | $95M | $75.7B |
| Total DebtShort + long-term debt | $14M | $360.5B |
| Interest CoverageEBIT ÷ Interest expense | — | 0.44x |
Total Returns (with DRIP)
A $10,000 investment in MS five years ago would be worth $23,095 today (with dividends reinvested), compared to $1,009 for BTBT. Over the past 12 months, MS leads with a +28.0% total return vs BTBT's -32.1%. The 3-year compound annual growth rate (CAGR) favors MS at 22.5% vs BTBT's 9.8% — a key indicator of consistent wealth creation.
| Metric | BTBTBit Digital, Inc. | MSMorgan Stanley |
|---|---|---|
| YTD ReturnYear-to-date | -18.1% | -7.9% |
| 1-Year ReturnPast 12 months | -32.1% | +28.0% |
| 3-Year ReturnCumulative with dividends | +32.5% | +83.8% |
| 5-Year ReturnCumulative with dividends | -89.9% | +131.0% |
| 10-Year ReturnCumulative with dividends | -63.9% | +662.8% |
| CAGR (3Y)Annualised 3-year return | +9.8% | +22.5% |
Risk & Volatility
MS is the less volatile stock with a 1.35 beta — it tends to amplify market swings less than BTBT's 1.83 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MS currently trades 86.4% from its 52-week high vs BTBT's 36.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BTBTBit Digital, Inc. | MSMorgan Stanley |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.83x | 1.35x |
| 52-Week HighHighest price in past year | $4.55 | $192.68 |
| 52-Week LowLowest price in past year | $1.49 | $94.33 |
| % of 52W HighCurrent price vs 52-week peak | +36.7% | +86.4% |
| RSI (14)Momentum oscillator 0–100 | 46.2 | 51.2 |
| Avg Volume (50D)Average daily shares traded | 25.6M | 5.8M |
Analyst Outlook
Wall Street rates BTBT as "Buy" and MS as "Buy". Consensus price targets imply 199.4% upside for BTBT (target: $5) vs 17.7% for MS (target: $196). For income investors, MS offers the higher dividend yield at 2.29% vs BTBT's 0.34%.
| Metric | BTBTBit Digital, Inc. | MSMorgan Stanley |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $5.00 | $196.00 |
| # AnalystsCovering analysts | 1 | 50 |
| Dividend YieldAnnual dividend ÷ price | +0.3% | +2.3% |
| Dividend StreakConsecutive years of raises | 0 | 11 |
| Dividend / ShareAnnual DPS | $0.01 | $3.81 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.6% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Bit Digital, Inc. (BTBT) | 100 | 485 | +385.0% |
| Morgan Stanley (MS) | 100 | 416.89 | +316.9% |
Morgan Stanley (MS) returned +131% over 5 years vs Bit Digital, Inc. (BTBT)'s -90%. A $10,000 investment in MS 5 years ago would be worth $23,095 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Bit Digital, Inc. (BTBT) | $0.00 | $164M | — |
| Morgan Stanley (MS) | $36.0B | $103.1B | +186.5% |
Bit Digital, Inc.'s revenue grew from $0M (2015) to $164M (2024) — a 0.0% CAGR. Morgan Stanley's revenue grew from $36.0B (2015) to $103.1B (2024) — a 12.4% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Bit Digital, Inc. (BTBT) | 4.3% | 17.3% | +298.1% |
| Morgan Stanley (MS) | 17.0% | 13.0% | -23.7% |
Morgan Stanley's net margin went from 17% (2015) to 13% (2024).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2024 | Change |
|---|---|---|---|
| Morgan Stanley (MS) | 17 | 15.8 | -7.1% |
Morgan Stanley has traded in a 8x–18x P/E range over 8 years; current trailing P/E is ~21x.
Chart 5EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Bit Digital, Inc. (BTBT) | -0.01 | 0.2 | +2839.7% |
| Morgan Stanley (MS) | 2.91 | 7.95 | +173.2% |
Bit Digital, Inc.'s EPS grew from $-0.01 (2015) to $0.20 (2024). Morgan Stanley's EPS grew from $2.91 (2015) to $7.95 (2024) — a 12% CAGR.
Chart 6Free Cash Flow — 5 Years
Bit Digital, Inc. generated $-107M FCF in 2024 (-53% vs 2021). Morgan Stanley generated $-2B FCF in 2024 (-107% vs 2021).
BTBT vs MS: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is BTBT or MS a better buy right now?
Bit Digital, Inc. (BTBT) offers the better valuation at 8.3x trailing P/E (139.2x forward), making it the more compelling value choice. Analysts rate Bit Digital, Inc. (BTBT) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BTBT or MS?
On trailing P/E, Bit Digital, Inc. (BTBT) is the cheapest at 8.3x versus Morgan Stanley at 20.9x. On forward P/E, Morgan Stanley is actually cheaper at 14.8x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BTBT or MS?
Over the past 5 years, Morgan Stanley (MS) delivered a total return of +131.0%, compared to -89.9% for Bit Digital, Inc. (BTBT). A $10,000 investment in MS five years ago would be worth approximately $23K today (assuming dividends reinvested). Over 10 years, the gap is even starker: MS returned +662.8% versus BTBT's -63.9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BTBT or MS?
By beta (market sensitivity over 5 years), Morgan Stanley (MS) is the lower-risk stock at 1.35β versus Bit Digital, Inc.'s 1.83β — meaning BTBT is approximately 35% more volatile than MS relative to the S&P 500. On balance sheet safety, Bit Digital, Inc. (BTBT) carries a lower debt/equity ratio of 3% versus 3% for Morgan Stanley — giving it more financial flexibility in a downturn.
05Which has better profit margins — BTBT or MS?
Bit Digital, Inc. (BTBT) is the more profitable company, earning 17.3% net margin versus 13.0% for Morgan Stanley — meaning it keeps 17.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MS leads at 17.1% versus 16.8% for BTBT. At the gross margin level — before operating expenses — BTBT leads at 61.9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is BTBT or MS more undervalued right now?
On forward earnings alone, Morgan Stanley (MS) trades at 14.8x forward P/E versus 139.2x for Bit Digital, Inc. — 124.4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BTBT: 199.4% to $5.00.
07Which pays a better dividend — BTBT or MS?
All stocks in this comparison pay dividends. Morgan Stanley (MS) offers the highest yield at 2.3%, versus 0.3% for Bit Digital, Inc. (BTBT).
08Is BTBT or MS better for a retirement portfolio?
For long-horizon retirement investors, Morgan Stanley (MS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (2.3% yield, +662.8% 10Y return). Bit Digital, Inc. (BTBT) carries a higher beta of 1.83 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MS: +662.8%, BTBT: -63.9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between BTBT and MS?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: BTBT is a small-cap deep-value stock; MS is a large-cap quality compounder stock. MS pays a dividend while BTBT does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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