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Stock Comparison

BEN vs MS

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
BEN
Franklin Resources, Inc.

Asset Management

Financial ServicesNYSE • US
Market Cap$16.19B
5Y Perf.+65.1%
MS
Morgan Stanley

Financial - Capital Markets

Financial ServicesNYSE • US
Market Cap$307.53B
5Y Perf.+337.3%

BEN vs MS — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
BEN logoBEN
MS logoMS
IndustryAsset ManagementFinancial - Capital Markets
Market Cap$16.19B$307.53B
Revenue (TTM)$8.77B$103.14B
Net Income (TTM)$812M$16.18B
Gross Margin80.3%55.6%
Operating Margin6.9%17.1%
Forward P/E11.4x16.3x
Total Debt$13.30B$360.49B
Cash & Equiv.$3.57B$75.74B

BEN vs MSLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

BEN
MS
StockMay 20May 26Return
Franklin Resources,… (BEN)100165.1+65.1%
Morgan Stanley (MS)100437.3+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.

Bottom line: MS leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Franklin Resources, Inc. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
BEN
Franklin Resources, Inc.
The Banking Pick

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
Best for: income & stability and sleep-well-at-night
MS
Morgan Stanley
The Banking Pick

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%
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthMS logoMS16.8% NII/revenue growth vs BEN's 3.5%
ValueBEN logoBENLower P/E (11.4x vs 16.3x)
Quality / MarginsMS logoMSEfficiency ratio 0.4% vs BEN's 0.7% (lower = leaner)
Stability / SafetyBEN logoBENBeta 1.31 vs MS's 1.37, lower leverage
DividendsBEN logoBEN4.3% yield, 6-year raise streak, vs MS's 2.0%
Momentum (1Y)MS logoMS+66.7% vs BEN's +61.7%
Efficiency (ROA)MS logoMSEfficiency 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

BENFranklin Resources, Inc.
FY 2025
Investment Advisory, Management and Administrative Service
79.6%$7.0B
Sales And Distribution Fees
16.8%$1.5B
Shareholder Service
3.0%$265M
Service, Other
0.6%$50M
MSMorgan Stanley
FY 2024
Wealth Management Segment
45.6%$28.4B
Institutional Securities Segment
45.0%$28.1B
Investment Management Segment
9.4%$5.9B

BEN vs MS — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLBENLAGGINGMS

Income & Cash Flow (Last 12 Months)

BEN leads this category, winning 3 of 5 comparable metrics.

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%.

MetricBEN logoBENFranklin Resource…MS logoMSMorgan Stanley
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%
BEN leads this category, winning 3 of 5 comparable metrics.

Valuation Metrics

BEN leads this category, winning 4 of 5 comparable 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.

MetricBEN logoBENFranklin Resource…MS logoMSMorgan Stanley
Market CapShares × price$16.2B$307.5B
Enterprise ValueMkt cap + debt − cash$25.9B$592.3B
Trailing P/EPrice ÷ TTM EPS34.24x24.31x
Forward P/EPrice ÷ next-FY EPS est.11.45x16.28x
PEG RatioP/E ÷ EPS growth rate2.73x
EV / EBITDAEnterprise value multiple22.82x26.03x
Price / SalesMarket cap ÷ Revenue1.85x2.98x
Price / BookPrice ÷ Book value/share1.13x2.95x
Price / FCFMarket cap ÷ FCF17.76x
BEN leads this category, winning 4 of 5 comparable metrics.

Profitability & Efficiency

BEN leads this category, winning 6 of 9 comparable metrics.

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.

MetricBEN logoBENFranklin Resource…MS logoMSMorgan Stanley
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 0–965
Debt / EquityFinancial leverage0.94x3.42x
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 expense15.19x0.44x
BEN leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

MS leads this category, winning 5 of 6 comparable metrics.

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.

MetricBEN logoBENFranklin Resource…MS logoMSMorgan Stanley
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%
MS leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

Evenly matched — BEN and MS each lead in 1 of 2 comparable metrics.

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.

MetricBEN logoBENFranklin Resource…MS logoMSMorgan Stanley
Beta (5Y)Sensitivity to S&P 5001.31x1.37x
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 0–10075.961.2
Avg Volume (50D)Average daily shares traded5.1M5.4M
Evenly matched — BEN and MS each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — BEN and MS each lead in 1 of 2 comparable metrics.

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%.

MetricBEN logoBENFranklin Resource…MS logoMSMorgan Stanley
Analyst RatingConsensus buy/hold/sellHoldBuy
Price TargetConsensus 12-month target$28.75$205.75
# AnalystsCovering analysts2752
Dividend YieldAnnual dividend ÷ price+4.3%+2.0%
Dividend StreakConsecutive years of raises611
Dividend / ShareAnnual DPS$1.33$3.81
Buyback YieldShare repurchases ÷ mkt cap+1.5%+1.4%
Evenly matched — BEN and MS each lead in 1 of 2 comparable metrics.
Key Takeaway

BEN leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). MS leads in 1 (Total Returns). 2 tied.

Best OverallFranklin Resources, Inc. (BEN)Leads 3 of 6 categories
Loading custom metrics...

BEN vs MS: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is 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.

02

Which 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.

03

Which 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.

04

Which 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.

05

Which 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.

06

Which 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.

07

Is 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.

08

Which 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).

09

Is 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.

10

What 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.

Stocks Like

BEN

Income & Dividend Stock

  • Sector: Financial Services
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 1.7%
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MS

High-Growth Compounder

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 8%
  • Net Margin > 7%
Run This Screen
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Beat Both

Find stocks that outperform BEN and MS on the metrics below

Revenue Growth>
%
(BEN: 3.5% · MS: 16.8%)
Net Margin>
%
(BEN: 6.0% · MS: 13.0%)
P/E Ratio<
x
(BEN: 34.2x · MS: 24.3x)

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