Last 47 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 2.29 | 1.99 | 1.86 | 2.45 | 2.31 | 3.03 | 2.45 | 2.99 | 3.57 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | -34.3% | -24.3% | -18.0% | -35.2% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.55 | 0.47 | 0.49 | 0.62 | 0.60 | 0.66 | 0.62 | 0.71 | 0.75 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | -29.5% | -20.9% | -12.4% | -19.8% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 0.33 | 0.32 | 0.35 | 0.37 | 0.37 | 0.38 | 0.38 | 0.40 | 0.41 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | -14.5% | -7.9% | -8.6% | -9.9% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 0.79 | — | — | — | — | 0.93 | — | 0.98 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 15.05 | 1.46 | 9.74 | 14.70 | 12.96 | 15.56 | 14.70 | 12.49 | 16.21 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | -90.6% | -33.8% | +17.6% | -20.1% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 18.24 | 1.46 | 10.73 | 17.60 | 15.86 | 19.96 | 17.00 | 16.68 | 21.09 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | -92.7% | -36.9% | +5.5% | -24.8% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.5% | 99.3% | 99.5% | 99.9% | 100.0% | 98.7% | 99.2% | 99.2% | 99.4% | 99.5% | 100.0% | 100.0% | 98.9% | 98.7% | 98.3% | 99.3% | 99.7% | 99.2% | 99.6% | 100.0% | 99.8% |
| — | +0.5% | +0.3% | +0.7% | +0.6% | -0.7% | -0.9% | -0.7% | +0.5% | +0.7% | +1.8% | +0.7% | -0.8% | -0.5% | -1.3% | -0.7% | -0.1% | -0.3% | -1.1% | -0.0% | +0.8% | |
| Operating Margin | 33.3% | 31.9% | 34.1% | 34.4% | 35.3% | 29.6% | 33.6% | 32.6% | 29.4% | 29.1% | 30.9% | 17.4% | 25.3% | 22.3% | 27.6% | 23.5% | 27.9% | 27.1% | 33.0% | 35.6% | 35.0% |
| — | +7.5% | +1.5% | +5.4% | +19.9% | +2.0% | +8.6% | +87.2% | +16.2% | +30.0% | +12.1% | -25.8% | -9.3% | -17.5% | -16.3% | -34.1% | -20.2% | -17.2% | -8.7% | +3.4% | +10.6% | |
| Net Margin | 25.6% | 24.1% | 27.4% | 26.2% | 27.0% | 22.7% | 26.1% | 24.7% | 22.2% | 21.9% | 24.0% | 12.6% | 19.4% | 17.3% | 21.9% | 18.8% | 21.7% | 20.4% | 26.3% | 27.0% | 26.6% |
| — | +6.4% | +4.9% | +6.2% | +21.4% | +3.4% | +8.8% | +95.8% | +14.7% | +26.5% | +9.8% | -32.9% | -10.6% | -14.8% | -17.0% | -30.3% | -18.5% | -19.0% | -5.3% | +2.4% | +8.0% |
| Metric | TTM | Q3 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.5% | 4.2% | 4.9% | 3.9% | 4.2% | 3.3% | 4.0% | 3.5% | 3.1% | 3.0% | 3.4% | 1.5% | 2.4% | 2.1% | 2.9% | 2.2% | 2.6% | 2.4% | 3.5% | 3.5% | 3.4% |
| — | +29.4% | +22.2% | +11.2% | +35.4% | +6.9% | +18.7% | +133.2% | +29.3% | +42.1% | +16.2% | -31.1% | -7.0% | -11.1% | -15.7% | -36.4% | -25.3% | -25.8% | -11.0% | -1.4% | +12.7% | |
| ROA | 1.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.1% | 0.2% | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% |
| — | +12.4% | +9.5% | +5.1% | +31.4% | +5.8% | +21.8% | +134.0% | +25.1% | +36.6% | +12.5% | -32.8% | -8.6% | -11.4% | -17.7% | -38.5% | -28.4% | -31.2% | -16.0% | -4.9% | +12.0% | |
| ROIC | 3.1% | 1.5% | 1.0% | 0.8% | 0.8% | 0.7% | 0.9% | 0.8% | 0.7% | 0.7% | 0.7% | 0.4% | 0.6% | 0.5% | 0.7% | 0.5% | 0.6% | 0.6% | 0.8% | 0.9% | 0.9% |
| — | +134.9% | +11.8% | -0.4% | +25.1% | +0.2% | +18.0% | +116.1% | +21.2% | +30.3% | +7.0% | -31.2% | -13.2% | -18.3% | -19.7% | -41.3% | -28.9% | -28.8% | -18.4% | -1.3% | +21.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.22 | — | 3.42 | 4.22 | 3.73 | 4.00 | 3.68 | 3.42 | 3.58 | 3.52 | 3.68 | 3.39 | 3.33 | 3.08 | 3.13 | 3.05 | 2.82 | 2.92 | 2.87 | 2.86 | 2.82 |
| — | — | -7.2% | +23.5% | +4.3% | +13.5% | -0.1% | +0.8% | +7.5% | +14.2% | +17.6% | +11.2% | +17.9% | +5.7% | +9.1% | +6.5% | +0.1% | +7.7% | +10.3% | +4.2% | -2.1% | |
| Debt / EBITDA | 17.87 | — | 51.03 | 68.94 | 56.21 | 73.70 | 61.93 | 55.03 | 68.23 | 66.98 | 68.69 | 96.81 | 80.70 | 83.73 | 67.95 | 77.17 | 66.79 | 70.66 | 54.01 | 49.89 | 51.11 |
| — | — | -17.6% | +25.3% | -17.6% | +10.0% | -9.8% | -43.2% | -15.4% | -20.0% | +1.1% | +25.5% | +20.8% | +18.5% | +25.8% | +54.7% | +30.7% | +35.6% | +20.3% | +2.7% | -14.2% | |
| Current Ratio | 1.17 | — | 1.61 | 1.17 | 0.26 | 0.45 | 0.22 | 0.66 | 0.68 | 0.64 | 0.66 | 0.72 | 0.66 | 0.64 | 0.63 | 0.72 | 0.64 | 0.64 | 0.74 | 0.77 | 0.78 |
| — | — | +627.9% | +77.4% | -61.9% | -29.5% | -66.3% | -9.0% | +2.8% | +0.2% | +4.1% | +0.4% | +2.7% | -0.4% | -14.7% | -6.5% | -18.5% | -17.8% | -7.3% | -3.4% | -1.7% | |
| Quick Ratio | 1.17 | — | 1.61 | 1.17 | 0.26 | 0.45 | 0.22 | 0.66 | 0.68 | 0.64 | 0.66 | 0.72 | 0.66 | 0.64 | 0.63 | 0.72 | 0.64 | 0.64 | 0.74 | 0.77 | 0.78 |
| — | — | +627.9% | +77.4% | -61.9% | -29.5% | -66.3% | -9.0% | +2.8% | +0.2% | +4.1% | +0.4% | +2.7% | -0.4% | -14.7% | -6.5% | -18.5% | -17.8% | -7.3% | -3.4% | -1.7% | |
| Interest Coverage | 0.45 | 0.50 | 0.56 | 0.48 | 0.46 | 0.37 | 0.49 | 0.45 | 0.35 | 0.36 | 0.39 | 0.17 | 0.31 | 0.32 | 0.49 | 0.40 | 0.94 | 2.50 | 10.57 | 15.17 | 16.92 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying MS-PQ stock.
Morgan Stanley's current P/E is 2.3x. The average P/E over the last 4 quarters is 2.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Morgan Stanley's current operating margin is 33.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Morgan Stanley's business trajectory between earnings reports.