Morgan Stanley (MIL:1MS) FCF Margin %: -40.63% (As of Mar. 2026)


MIL:1MS Morgan Stanley MIL:1MS
44 GF Score
Price €198.35
GF Value €131.58
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Morgan Stanley FCF Margin %?

Morgan Stanley MIL:1MS 44 FCF Margin % is -40.63% as of Mar. 2026. GuruFocus rates MIL:1MS with a GF Score™ of 44/100 and a GF Value™ of €131.58 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 771 Capital Markets companies, Morgan Stanley ranks worse than 58.37% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Morgan Stanley's Free Cash Flow for the three months ended in Mar. 2026 was €-6,792 Mil. Morgan Stanley's Revenue for the three months ended in Mar. 2026 was €16,715 Mil. Therefore, Morgan Stanley's FCF Margin % for the quarter that ended in Mar. 2026 was -40.63%.

As of today, Morgan Stanley's current FCF Yield % is -1.11%.

The historical rank and industry rank for Morgan Stanley's FCF Margin % or its related term are showing as below:

MIL:1MS' s FCF Margin % Range Over the Past 10 Years
Min: -72.92   Med: -10.38   Max: 99.75
Current: -5.6


During the past 13 years, the highest FCF Margin % of Morgan Stanley was 99.75%. The lowest was -72.92%. And the median was -10.38%.

MIL:1MS's FCF Margin % is ranked worse than
58.37% of 771 companies
in the Capital Markets industry
Industry Median: 0.9 vs MIL:1MS: -5.60


Morgan Stanley FCF Margin % Related Terms


Morgan Stanley FCF Margin % Historical Data

* Premium members only.

The historical data trend for Morgan Stanley's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Morgan Stanley FCF Margin % Chart

Morgan Stanley Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.13 -18.87 -72.92 -3.64 -31.51

Morgan Stanley Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -149.48 70.92 -23.68 -18.61 -40.63

MIL:1MS vs GS, SCHW, HOOD: FCF Margin % Comparison

For the Capital Markets subindustry, Morgan Stanley's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Morgan Stanley FCF Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Morgan Stanley's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Morgan Stanley's FCF Margin % falls into.


MIL:1MS
44GF Score
Morgan Stanley MIL:1MS
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Morgan Stanley FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Morgan Stanley's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-17752.098/56334.964
=-31.51 %

Morgan Stanley's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-6791.98/16715.26
=-40.63 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -40.63% mean?
Morgan Stanley (MIL:1MS) has a FCF Margin % of -40.63% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Morgan Stanley and its competitors. According to the industry distribution chart, Morgan Stanley ranks #450 out of 771 companies in the Capital Markets industry, placing it in the top 58.4%.
Is Morgan Stanley's FCF Margin % too high?
Morgan Stanley's current FCF Margin % is -40.63%. Based on the distribution chart, Morgan Stanley ranks #450 out of 771 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Morgan Stanley has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley's FCF Margin % compare to GS and SCHW?
According to the Capital Markets industry distribution chart, Morgan Stanley ranks #450 out of 771 companies for FCF Margin %. This places Morgan Stanley in the lower half of its industry. The industry median FCF Margin % is 0.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Capital Markets company?
The median FCF Margin % among Capital Markets companies is 0.90, based on 771 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Morgan Stanley and its competitors. For the Capital Markets industry, the median FCF Margin % is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Stanley's current FCF Margin % is -40.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley stock overvalued right now?
Based on GuruFocus' analysis, Morgan Stanley (MIL:1MS) is currently considered Significantly Overvalued. The stock's GF Value™ is €131.58, compared to a current price of €198.35 — trading 50.7% above its estimated fair value. The current FCF Margin % is -40.63%. Morgan Stanley's overall GF Score™ is 44/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Morgan Stanley (MIL:1MS), the current FCF Margin % is -40.63% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Morgan Stanley (MIL:1MS) Overvalued in 2026?

Based on GuruFocus' analysis, Morgan Stanley stock appears to be overvalued. The current stock price of €198.35 is trading 50.7% above its estimated GF Value™ of €131.58. GuruFocus considers Morgan Stanley to be Significantly Overvalued.

Key valuation signals for MIL:1MS:

  • FCF Margin %: -40.63%
  • GF Value™: €131.58 vs. price of €198.35 (50.7% above fair value)
  • GF Score™: 44/100 with 8 warning signs

No single metric tells the full story. See the MIL:1MS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morgan Stanley Business Description

Address 1585 Broadway, New York, NY, USA, 10036
Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025. The firm cut its teeth in investment banking and institutional trading, where it maintains a strong presence today, but generates the lion share of its income from wealth and asset management franchises, where it boasted $9.3 trillion in client assets at the end of 2025. After reincorporation as a bank holding company in the wake of the global financial crisis, Morgan Stanley also boasts a top 10 banking franchise by deposits, with more than $400 billion in customer deposits, predominately attributable to cash sweeps from its wealth management and brokerage businesses.
44GF Score

Get the complete analysis for MIL:1MS

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€198.35
Price
€131.58
GF Value