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Stock Comparison

BLK vs MS

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

Live fundamentals10-year financials5-year price chart
BLK
BlackRock, Inc.

Asset Management

Financial ServicesNYSE • US
Market Cap$162.70B
5Y Perf.+103.1%
MS
Morgan Stanley

Financial - Capital Markets

Financial ServicesNYSE • US
Market Cap$301.05B
5Y Perf.+331.2%

BLK vs MS — Key Financials

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

Company Snapshot
BLK logoBLK
MS logoMS
IndustryAsset ManagementFinancial - Capital Markets
Market Cap$162.70B$301.05B
Revenue (TTM)$20.41B$103.14B
Net Income (TTM)$6.10B$16.18B
Gross Margin49.4%55.6%
Operating Margin37.1%17.1%
Forward P/E20.2x15.9x
Total Debt$14.22B$360.49B
Cash & Equiv.$12.76B$75.74B

BLK vs MSLong-Term Stock Performance

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

BLK
MS
StockMay 20May 26Return
BlackRock, Inc. (BLK)100203.1+103.1%
Morgan Stanley (MS)100431.2+331.2%

Price return only. Dividends and distributions are not included.

Quick Verdict: BLK 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 valuation and capital efficiency. BlackRock, Inc. is the stronger pick specifically for profitability and margin quality and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
BLK
BlackRock, Inc.
The Banking Pick

BLK is the clearest fit if your priority is income & stability and sleep-well-at-night.

  • Dividend streak 15 yrs, beta 1.28, yield 2.0%
  • Lower volatility, beta 1.28, Low D/E 28.8%, current ratio 16.40x
  • Beta 1.28, yield 2.0%, current ratio 16.40x
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%
  • 7.3% 10Y total return vs BLK's 243.2%
  • PEG 1.79 vs BLK's 2.49
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthMS logoMS16.8% NII/revenue growth vs BLK's 14.3%
ValueMS logoMSLower P/E (15.9x vs 20.2x), PEG 1.79 vs 2.49
Quality / MarginsBLK logoBLKEfficiency ratio 0.1% vs MS's 0.4% (lower = leaner)
Stability / SafetyBLK logoBLKBeta 1.28 vs MS's 1.37, lower leverage
DividendsMS logoMS2.0% yield, 11-year raise streak, vs BLK's 2.0%
Momentum (1Y)MS logoMS+61.5% vs BLK's +16.3%
Efficiency (ROA)BLK logoBLKEfficiency ratio 0.1% vs MS's 0.4%

BLK vs MS — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

BLKBlackRock, Inc.
FY 2024
Investment Advice
78.9%$16.1B
Technology Service
7.9%$1.6B
Distribution and Shareholder Service
6.2%$1.3B
Investment Performance
5.9%$1.2B
Service, Other
1.1%$224M
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

BLK vs MS — Financial Metrics

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

BEST OVERALLBLKLAGGINGMS

Income & Cash Flow (Last 12 Months)

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

MS is the larger business by revenue, generating $103.1B annually — 5.1x BLK's $20.4B. BLK is the more profitable business, keeping 31.2% of every revenue dollar as net income compared to MS's 13.0%.

MetricBLK logoBLKBlackRock, Inc.MS logoMSMorgan Stanley
RevenueTrailing 12 months$20.4B$103.1B
EBITDAEarnings before interest/tax$8.3B$26.3B
Net IncomeAfter-tax profit$6.1B$16.2B
Free Cash FlowCash after capex$3.9B-$6.7B
Gross MarginGross profit ÷ Revenue+49.4%+55.6%
Operating MarginEBIT ÷ Revenue+37.1%+17.1%
Net MarginNet income ÷ Revenue+31.2%+13.0%
FCF MarginFCF ÷ Revenue+23.0%-2.0%
Rev. Growth (YoY)Latest quarter vs prior year
EPS Growth (YoY)Latest quarter vs prior year-22.7%+48.9%
BLK leads this category, winning 3 of 5 comparable metrics.

Valuation Metrics

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

At 23.8x trailing earnings, MS trades at a 5% valuation discount to BLK's 25.0x P/E. Adjusting for growth (PEG ratio), MS offers better value at 2.67x vs BLK's 3.07x — a lower PEG means you pay less per unit of expected earnings growth.

MetricBLK logoBLKBlackRock, Inc.MS logoMSMorgan Stanley
Market CapShares × price$162.7B$301.1B
Enterprise ValueMkt cap + debt − cash$164.2B$585.8B
Trailing P/EPrice ÷ TTM EPS24.97x23.80x
Forward P/EPrice ÷ next-FY EPS est.20.21x15.93x
PEG RatioP/E ÷ EPS growth rate3.07x2.67x
EV / EBITDAEnterprise value multiple20.26x25.74x
Price / SalesMarket cap ÷ Revenue7.97x2.92x
Price / BookPrice ÷ Book value/share3.22x2.89x
Price / FCFMarket cap ÷ FCF34.61x
MS leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

BLK leads this category, winning 8 of 9 comparable metrics.

MS delivers a 14.6% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $10 for BLK. BLK carries lower financial leverage with a 0.29x debt-to-equity ratio, signaling a more conservative balance sheet compared to MS's 3.42x. On the Piotroski fundamental quality scale (0–9), BLK scores 6/9 vs MS's 5/9, reflecting solid financial health.

MetricBLK logoBLKBlackRock, Inc.MS logoMSMorgan Stanley
ROE (TTM)Return on equity+9.9%+14.6%
ROA (TTM)Return on assets+3.7%+1.2%
ROICReturn on invested capital+9.9%+2.9%
ROCEReturn on capital employed+5.8%+3.8%
Piotroski ScoreFundamental quality 0–965
Debt / EquityFinancial leverage0.29x3.42x
Net DebtTotal debt minus cash$1.5B$284.7B
Cash & Equiv.Liquid assets$12.8B$75.7B
Total DebtShort + long-term debt$14.2B$360.5B
Interest CoverageEBIT ÷ Interest expense9.27x0.44x
BLK leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in MS five years ago would be worth $24,401 today (with dividends reinvested), compared to $13,486 for BLK. Over the past 12 months, MS leads with a +61.5% total return vs BLK's +16.3%. The 3-year compound annual growth rate (CAGR) favors MS at 33.1% vs BLK's 19.9% — a key indicator of consistent wealth creation.

MetricBLK logoBLKBlackRock, Inc.MS logoMSMorgan Stanley
YTD ReturnYear-to-date-2.8%+5.1%
1-Year ReturnPast 12 months+16.3%+61.5%
3-Year ReturnCumulative with dividends+72.4%+136.0%
5-Year ReturnCumulative with dividends+34.9%+144.0%
10-Year ReturnCumulative with dividends+243.2%+726.4%
CAGR (3Y)Annualised 3-year return+19.9%+33.1%
MS leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

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

BLK is the less volatile stock with a 1.28 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. MS currently trades 97.2% from its 52-week high vs BLK's 86.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricBLK logoBLKBlackRock, Inc.MS logoMSMorgan Stanley
Beta (5Y)Sensitivity to S&P 5001.28x1.37x
52-Week HighHighest price in past year$1219.94$194.59
52-Week LowLowest price in past year$906.57$117.21
% of 52W HighCurrent price vs 52-week peak+86.0%+97.2%
RSI (14)Momentum oscillator 0–10056.459.7
Avg Volume (50D)Average daily shares traded801K5.5M
Evenly matched — BLK and MS each lead in 1 of 2 comparable metrics.

Analyst Outlook

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

Wall Street rates BLK as "Buy" and MS as "Buy". Consensus price targets imply 25.1% upside for BLK (target: $1312) vs 8.7% for MS (target: $206). For income investors, MS offers the higher dividend yield at 2.01% vs BLK's 1.95%.

MetricBLK logoBLKBlackRock, Inc.MS logoMSMorgan Stanley
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$1311.78$205.75
# AnalystsCovering analysts3352
Dividend YieldAnnual dividend ÷ price+2.0%+2.0%
Dividend StreakConsecutive years of raises1511
Dividend / ShareAnnual DPS$20.46$3.81
Buyback YieldShare repurchases ÷ mkt cap+1.2%+1.4%
Evenly matched — BLK and MS each lead in 1 of 2 comparable metrics.
Key Takeaway

BLK leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MS leads in 2 (Valuation Metrics, Total Returns). 2 tied.

Best OverallBlackRock, Inc. (BLK)Leads 2 of 6 categories
Loading custom metrics...

BLK vs MS: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is BLK 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 14. 3% for BlackRock, Inc. (BLK). Morgan Stanley (MS) offers the better valuation at 23. 8x trailing P/E (15. 9x forward), making it the more compelling value choice. Analysts rate BlackRock, Inc. (BLK) a "Buy" — based on 33 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 — BLK or MS?

On trailing P/E, Morgan Stanley (MS) is the cheapest at 23.

8x versus BlackRock, Inc. at 25. 0x. On forward P/E, Morgan Stanley is actually cheaper at 15. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Morgan Stanley wins at 1. 79x versus BlackRock, Inc. 's 2. 49x — a reasonable growth-adjusted valuation.

03

Which is the better long-term investment — BLK or MS?

Over the past 5 years, Morgan Stanley (MS) delivered a total return of +144.

0%, compared to +34. 9% for BlackRock, Inc. (BLK). Over 10 years, the gap is even starker: MS returned +726. 4% versus BLK's +246. 4%. 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 — BLK or MS?

By beta (market sensitivity over 5 years), BlackRock, Inc.

(BLK) is the lower-risk stock at 1. 28β versus Morgan Stanley's 1. 37β — meaning MS is approximately 7% more volatile than BLK relative to the S&P 500. On balance sheet safety, BlackRock, Inc. (BLK) carries a lower debt/equity ratio of 29% versus 3% for Morgan Stanley — giving it more financial flexibility in a downturn.

05

Which is growing faster — BLK or MS?

By revenue growth (latest reported year), Morgan Stanley (MS) is pulling ahead at 16.

8% versus 14. 3% for BlackRock, Inc. (BLK). On earnings-per-share growth, the picture is similar: Morgan Stanley grew EPS 53. 5% year-over-year, compared to 15. 1% for BlackRock, 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 — BLK or MS?

BlackRock, Inc.

(BLK) is the more profitable company, earning 31. 2% net margin versus 13. 0% for Morgan Stanley — meaning it keeps 31. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BLK leads at 37. 1% versus 17. 1% for MS. At the gross margin level — before operating expenses — MS leads at 55. 6%, 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 BLK or MS more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Morgan Stanley (MS) is the more undervalued stock at a PEG of 1. 79x versus BlackRock, Inc. 's 2. 49x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Morgan Stanley (MS) trades at 15. 9x forward P/E versus 20. 2x for BlackRock, Inc. — 4. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BLK: 25. 1% to $1311. 78.

08

Which pays a better dividend — BLK or MS?

All stocks in this comparison pay dividends.

Morgan Stanley (MS) offers the highest yield at 2. 0%, versus 2. 0% for BlackRock, Inc. (BLK).

09

Is BLK 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, +726. 4% 10Y return). Both have compounded well over 10 years (MS: +726. 4%, BLK: +246. 4%), 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 BLK 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: BLK is a mid-cap quality compounder 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

BLK

Dividend Mega-Cap Quality

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 7%
  • Net Margin > 18%
Run This Screen
Stocks Like

MS

High-Growth Compounder

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

Beat Both

Find stocks that outperform BLK and MS on the metrics below

Revenue Growth>
%
(BLK: 14.3% · MS: 16.8%)
Net Margin>
%
(BLK: 31.2% · MS: 13.0%)
P/E Ratio<
x
(BLK: 25.0x · MS: 23.8x)

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