Asset Management
Compare Stocks
2 / 10Stock Comparison
BEN vs MS
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
BEN vs MS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Financial - Capital Markets |
| Market Cap | $16.19B | $307.53B |
| Revenue (TTM) | $8.77B | $103.14B |
| Net Income (TTM) | $812M | $16.18B |
| Gross Margin | 80.3% | 55.6% |
| Operating Margin | 6.9% | 17.1% |
| Forward P/E | 11.4x | 16.3x |
| Total Debt | $13.30B | $360.49B |
| Cash & Equiv. | $3.57B | $75.74B |
BEN vs MS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Franklin Resources,… (BEN) | 100 | 165.1 | +65.1% |
| Morgan Stanley (MS) | 100 | 437.3 | +337.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BEN vs MS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BEN is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 6 yrs, beta 1.31, yield 4.3%
- Lower volatility, beta 1.31, Low D/E 93.7%, current ratio 2.71x
- Beta 1.31, yield 4.3%, current ratio 2.71x
MS carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 16.8%, EPS growth 53.5%
- 7.4% 10Y total return vs BEN's 24.7%
- 16.8% NII/revenue growth vs BEN's 3.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 16.8% NII/revenue growth vs BEN's 3.5% | |
| Value | Lower P/E (11.4x vs 16.3x) | |
| Quality / Margins | Efficiency ratio 0.4% vs BEN's 0.7% (lower = leaner) | |
| Stability / Safety | Beta 1.31 vs MS's 1.37, lower leverage | |
| Dividends | 4.3% yield, 6-year raise streak, vs MS's 2.0% | |
| Momentum (1Y) | +66.7% vs BEN's +61.7% | |
| Efficiency (ROA) | Efficiency ratio 0.4% vs BEN's 0.7% |
BEN vs MS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BEN vs MS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BEN leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
MS is the larger business by revenue, generating $103.1B annually — 11.8x BEN's $8.8B. MS is the more profitable business, keeping 13.0% of every revenue dollar as net income compared to BEN's 6.0%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $8.8B | $103.1B |
| EBITDAEarnings before interest/tax | $1.2B | $26.3B |
| Net IncomeAfter-tax profit | $812M | $16.2B |
| Free Cash FlowCash after capex | $938M | -$6.7B |
| Gross MarginGross profit ÷ Revenue | +80.3% | +55.6% |
| Operating MarginEBIT ÷ Revenue | +6.9% | +17.1% |
| Net MarginNet income ÷ Revenue | +6.0% | +13.0% |
| FCF MarginFCF ÷ Revenue | +10.4% | -2.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +100.0% | +48.9% |
Valuation Metrics
BEN leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 24.3x trailing earnings, MS trades at a 29% valuation discount to BEN's 34.2x P/E. On an enterprise value basis, BEN's 22.8x EV/EBITDA is more attractive than MS's 26.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $16.2B | $307.5B |
| Enterprise ValueMkt cap + debt − cash | $25.9B | $592.3B |
| Trailing P/EPrice ÷ TTM EPS | 34.24x | 24.31x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.45x | 16.28x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.73x |
| EV / EBITDAEnterprise value multiple | 22.82x | 26.03x |
| Price / SalesMarket cap ÷ Revenue | 1.85x | 2.98x |
| Price / BookPrice ÷ Book value/share | 1.13x | 2.95x |
| Price / FCFMarket cap ÷ FCF | 17.76x | — |
Profitability & Efficiency
BEN leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
MS delivers a 14.6% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $6 for BEN. BEN carries lower financial leverage with a 0.94x debt-to-equity ratio, signaling a more conservative balance sheet compared to MS's 3.42x. On the Piotroski fundamental quality scale (0–9), BEN scores 6/9 vs MS's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +5.6% | +14.6% |
| ROA (TTM)Return on assets | +2.5% | +1.2% |
| ROICReturn on invested capital | +1.6% | +2.9% |
| ROCEReturn on capital employed | +2.0% | +3.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.94x | 3.42x |
| Net DebtTotal debt minus cash | $9.7B | $284.7B |
| Cash & Equiv.Liquid assets | $3.6B | $75.7B |
| Total DebtShort + long-term debt | $13.3B | $360.5B |
| Interest CoverageEBIT ÷ Interest expense | 15.19x | 0.44x |
Total Returns (Dividends Reinvested)
MS leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MS five years ago would be worth $24,217 today (with dividends reinvested), compared to $10,965 for BEN. Over the past 12 months, MS leads with a +66.7% total return vs BEN's +61.7%. The 3-year compound annual growth rate (CAGR) favors MS at 34.3% vs BEN's 11.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +32.3% | +7.4% |
| 1-Year ReturnPast 12 months | +61.7% | +66.7% |
| 3-Year ReturnCumulative with dividends | +37.8% | +142.1% |
| 5-Year ReturnCumulative with dividends | +9.7% | +142.2% |
| 10-Year ReturnCumulative with dividends | +24.7% | +739.4% |
| CAGR (3Y)Annualised 3-year return | +11.3% | +34.3% |
Risk & Volatility
Evenly matched — BEN and MS each lead in 1 of 2 comparable metrics.
Risk & Volatility
BEN is the less volatile stock with a 1.31 beta — it tends to amplify market swings less than MS's 1.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.31x | 1.37x |
| 52-Week HighHighest price in past year | $31.44 | $194.83 |
| 52-Week LowLowest price in past year | $19.79 | $117.21 |
| % of 52W HighCurrent price vs 52-week peak | +99.1% | +99.2% |
| RSI (14)Momentum oscillator 0–100 | 75.9 | 61.2 |
| Avg Volume (50D)Average daily shares traded | 5.1M | 5.4M |
Analyst Outlook
Evenly matched — BEN and MS each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BEN as "Hold" and MS as "Buy". Consensus price targets imply 6.5% upside for MS (target: $206) vs -7.7% for BEN (target: $29). For income investors, BEN offers the higher dividend yield at 4.26% vs MS's 1.97%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $28.75 | $205.75 |
| # AnalystsCovering analysts | 27 | 52 |
| Dividend YieldAnnual dividend ÷ price | +4.3% | +2.0% |
| Dividend StreakConsecutive years of raises | 6 | 11 |
| Dividend / ShareAnnual DPS | $1.33 | $3.81 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.5% | +1.4% |
BEN leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). MS leads in 1 (Total Returns). 2 tied.
BEN vs MS: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BEN or MS a better buy right now?
For growth investors, Morgan Stanley (MS) is the stronger pick with 16.
8% revenue growth year-over-year, versus 3. 5% for Franklin Resources, Inc. (BEN). Morgan Stanley (MS) offers the better valuation at 24. 3x trailing P/E (16. 3x forward), making it the more compelling value choice. Analysts rate Morgan Stanley (MS) a "Buy" — based on 52 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 — BEN or MS?
On trailing P/E, Morgan Stanley (MS) is the cheapest at 24.
3x versus Franklin Resources, Inc. at 34. 2x. On forward P/E, Franklin Resources, Inc. is actually cheaper at 11. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BEN or MS?
Over the past 5 years, Morgan Stanley (MS) delivered a total return of +142.
2%, compared to +9. 7% for Franklin Resources, Inc. (BEN). Over 10 years, the gap is even starker: MS returned +739. 4% versus BEN's +24. 7%. 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 — BEN or MS?
By beta (market sensitivity over 5 years), Franklin Resources, Inc.
(BEN) is the lower-risk stock at 1. 31β versus Morgan Stanley's 1. 37β — meaning MS is approximately 5% more volatile than BEN relative to the S&P 500. On balance sheet safety, Franklin Resources, Inc. (BEN) carries a lower debt/equity ratio of 94% versus 3% for Morgan Stanley — giving it more financial flexibility in a downturn.
05Which is growing faster — BEN or MS?
By revenue growth (latest reported year), Morgan Stanley (MS) is pulling ahead at 16.
8% versus 3. 5% for Franklin Resources, Inc. (BEN). On earnings-per-share growth, the picture is similar: Morgan Stanley grew EPS 53. 5% year-over-year, compared to 7. 1% for Franklin Resources, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BEN or MS?
Morgan Stanley (MS) is the more profitable company, earning 13.
0% net margin versus 6. 0% for Franklin Resources, Inc. — meaning it keeps 13. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MS leads at 17. 1% versus 6. 9% for BEN. At the gross margin level — before operating expenses — BEN leads at 80. 3%, 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.
07Is BEN or MS more undervalued right now?
On forward earnings alone, Franklin Resources, Inc.
(BEN) trades at 11. 4x forward P/E versus 16. 3x for Morgan Stanley — 4. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MS: 6. 5% to $205. 75.
08Which pays a better dividend — BEN or MS?
All stocks in this comparison pay dividends.
Franklin Resources, Inc. (BEN) offers the highest yield at 4. 3%, versus 2. 0% for Morgan Stanley (MS).
09Is BEN 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.
0% yield, +739. 4% 10Y return). Both have compounded well over 10 years (MS: +739. 4%, BEN: +24. 7%), 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.
10What are the main differences between BEN 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: BEN is a mid-cap income-oriented stock; MS is a large-cap high-growth stock. 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.