Keuangan Morgan Stanley (MS)
NYSE · Financial Services · Financial - Capital Markets · Karyawan: 83.000 · CEO: Edward N. Pick
- Harga
- $184,30 -2,41%
- Kapitalisasi pasar
- $291 M
- Nilai perusahaan
- $669 M
- Laporan terakhir
- Q3 '26 diajukan 2026-10-14
- Laporan berikutnya
- 2027-01-14
Pendapatan (TTM)$130 M+15,7% vs tahun lalu4 kuartal terakhir; batang = tiap kuartal
Margin operasional (TTM)20,5%+1,7 poin vs tahun laluLaba operasional: $26,6 M
Laba bersih (TTM)$20,5 M+26,9% vs tahun laluSetelah pajak, termasuk keuntungan non-operasional
Arus kas bebas (TTM)-$11,6 M-72,5% vs tahun laluCapex: -$616 jt
EPS dilusian (TTM)$12,51+28,3% vs tahun laluJumlah 4 kuartal terakhir
Kas neto-$258 M+17,2% vs tahun laluKas + investasi jangka pendek - utang
Valuasi & angka utama
- Kapitalisasi pasar
- $291 M EV $669 M
- Pendapatan
- $130 M 12 bulan terakhir
- Pertumbuhan pendapatan
- – Tahun fiskal berikutnya
- Margin laba
- 15,8% Laba bersih / pendapatan, TTM
- P/E
- 14,5×
- P/S
- 2,2× Harga / penjualan, TTM
- EV / EBITDA
- 22,6× TTM
- Arus kas bebas
- -$11,6 M 12 bulan terakhir
- Laba bersih
- $20,5 M 12 bulan terakhir
- Estimasi pendapatan
- – Tahun fiskal berikutnya
- Laba
- 2027-01-14
- Dividen
- $4,30 Per saham, 12 bulan terakhir
Poin-poin utama
Dihitung dari angka yang dilaporkan - setiap pernyataan menyertakan angka yang mendasarinya.
- Pertumbuhan pendapatan melambat: 10,7% yoyPendapatan Q3 '26: $33,3 M, rata-rata empat kuartal sebelumnya: 16,6%.
- Margin operasional 20,5% (TTM), dibanding tahun lalu: +1,7 poinLaba operasional tumbuh 26,3%, pendapatan tumbuh 15,7%.
- Capex: 0,5% dari pendapatan (tahun lalu 2,7%)$616 jt diinvestasikan dalam 4 kuartal terakhir (-79,9% dibanding tahun sebelumnya). Arus kas bebas: -$11,6 M = -56,7% dari laba bersih.
- Jumlah saham dilusian turun dalam setahun: 1,7%Saham dilusian pada Q3 '26: 1,57 M, setahun sebelumnya: 1,59 M.
- Utang neto: $258 MKas + investasi jangka pendek: $120 M, utang termasuk sewa: $378 M; tahun lalu utang neto: $312 M.
Kuartal terakhir: Q3 '26
Kuartal berakhir 2026-09-30. Dibandingkan dengan kuartal yang sama tahun lalu dan konsensus analis sebelum laporan.
Kuartal vs tahun lalu
| Q3 '26 | Tahun lalu | Perubahan | |
|---|---|---|---|
| Pendapatan | $33,3 M | $30 M | +10,7% |
| Margin kotor | 60,7% | 56,9% | +3,8 poin |
| Laba operasional | $6,48 M | $6,03 M | +7,5% |
| Margin operasional | 19,5% | 20,1% | -0,6 poin |
| Laba bersih | $4,91 M | $4,61 M | +6,5% |
| EPS dilusian | $3,03 | $2,80 | +8,2% |
| Arus kas operasional | $0 | -$3,33 M | +100,0% |
| Capex | $0 | $713 jt | -100,0% |
| Arus kas bebas | $0 | -$4,05 M | +100,0% |
| R&D | $0 | $0 | – |
| Kompensasi berbasis saham | $0 | $449 jt | -100,0% |
Pendapatan
Dari mana uang berasal - menurut lini bisnis dan wilayah, kuartal demi kuartal.
Pendapatan, laba operasional, dan pertumbuhan
kuartalanPendapatan per lini bisnis
bertumpuk, kuartalan| Segmen | Q4 '25 | yoy | Porsi | TTM | TTM yoy | 12 kuartal |
|---|---|---|---|---|---|---|
| Wealth Management Segment | $8,43 M | -40,9% | 46,6% | $31,8 M | -9,8% | |
| Institutional Securities Segment | $7,93 M | -44,3% | 43,9% | $33,1 M | -5,7% | |
| Investment Management Segment | $1,72 M | -43,2% | 9,5% | $6,53 M | -10,0% |
Pendapatan per wilayah
porsi dari total| Segmen | Q4 '25 | yoy | Porsi | TTM | TTM yoy | 12 kuartal |
|---|---|---|---|---|---|---|
| Americas | $13,8 M | +9,9% | 77,0% | $52,9 M | +12,7% | |
| Asia | $2,15 M | +6,8% | 12,0% | $9,42 M | +23,4% | |
| EMEA | $1,96 M | +17,0% | 10,9% | $8,33 M | +15,7% |
Margin & struktur biaya
Berapa bagian dari setiap unit pendapatan yang tersisa di tiap tingkat - dan ke mana biaya mengalir.
Margin
kuartalanBiaya sebagai % pendapatan
kuartalanArus kas & alokasi modal
Kas yang dihasilkan, untuk apa kas itu digunakan, dan apa yang sampai ke pemegang saham.
Arus kas operasional, capex, arus kas bebas
kuartalanPenggunaan kas vs arus kas operasional
tahun fiskal4 kuartal terakhir
laporan arus kas- Arus kas operasional
- -$12,3 M
- Capex
- $616 jt
- Buyback
- $2,63 M
- Dividen
- -$5,07 M
- Akuisisi
- $0
- Utang neto diterbitkan
- $22,4 M
- Kompensasi berbasis saham
- $1,6 M
- Arus kas bebas
- -$11,6 M
- Dikembalikan ke pemegang saham / FCF
- -21,0%
Jumlah saham dan EPS
kuartalan, dilusianNeraca
Likuiditas, investasi, dan utang pada akhir setiap kuartal.
Kas, investasi, dan utang
akhir kuartalValuasi & imbal hasil
Multiple saat ini dibandingkan lima tahun fiskal terakhir perusahaan itu sendiri; target dan peringkat analis.
Multiple dan imbal hasil
TTM vs 5 tahun fiskal| Sekarang | Rata-rata 5 th | Posisi saat ini dalam rentang 5 tahun | |
|---|---|---|---|
| P/E (TTM) | 14,5× | 15,3× | 12,0× – 17,8× |
| EV / EBITDA | 22,6× | 21,7× | 16,5× – 26,9× |
| EV / Penjualan | 5,2× | 5,6× | 4,7× – 6,8× |
| Harga / FCF | -25,0× | 5,8× 2 dari 5 tahun | 5,5× – 6,0× |
| Harga / Nilai buku | 2,4× | 1,8× | 1,4× – 2,5× |
| Imbal hasil FCF | -4,0% | 0,5% | -24,3% – 18,1% |
| Imbal hasil modal yang diinvestasikan | -5,4% | 2,3% | 1,7% – 3,1% |
| Imbal hasil ekuitas | 17,9% | 12,5% | 9,2% – 15,1% |
Analis
Target konsensus $212,00 (+15,0%)
rentang $195,00 – $236,00 · peringkat Buy
Beli kuat0
Beli29
Tahan23
Jual1
Jual kuat0
Laporan keuangan
Setiap baris laporan laba rugi, neraca, dan laporan arus kas - 12 kuartal dan 10 tahun fiskal, sebagai nilai, % pendapatan, atau pertumbuhan.
Semua pos yang dilaporkan
Semua 373 angka yang ditandai Morgan Stanley dalam laporan 10-Q / 10-K terbarunya, dengan label dan definisi resmi SEC - termasuk catatan (sewa, pajak, buyback, karyawan, ...).
| Pos (label SEC) | Kuartal terakhir | Tahun lalu | yoy | FY terakhir | FY sebelumnya | yoy |
|---|---|---|---|---|---|---|
| Accrued Liabilities and Other Liabilities | $31,6 M | $27,5 M | +15,0% | $29,6 M | $28,2 M | +5,0% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$1,17 M2025-12-31 | -$1,48 M | +20,8% | -$1,17 M | -$1,48 M | +20,8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$6,33 M | -$5,91 M | -7,0% | -$6,29 M | -$6,81 M | +7,8% |
| Additional Paid in Capital | $31,6 M | $30,3 M | +4,4% | $31,2 M | $30,2 M | +3,2% |
| Affordable Housing Tax Credits and Other Tax Benefits, Amount | $79 jt | $77 jt | +2,6% | $290 jt | $301 jt | -3,7% |
| Amortization Method Qualified Affordable Housing Project Investments | $1,87 M | $1,84 M | +1,4% | $1,93 M | $1,85 M | +3,8% |
| Amortization Method Qualified Affordable Housing Project Investments, Amortization | $58 jt | $62 jt | -6,5% | $237 jt | $239 jt | -0,8% |
| Amortization of Intangible Assets | – | – | – | $454 jt | $602 jt | -24,6% |
| Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries | $60 M2025-12-31 | $49,9 M | +20,2% | $60 M | $49,9 M | +20,2% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 4 jt | -100,0% | 2 jt | 0 | – |
| Assets | $1,68 T | $1,35 T | +23,7% | $1,42 T | $1,22 T | +16,9% |
| Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Actual | 14,9% | 15,0% | -0,7% | 15,0% | 15,9% | -5,7% |
| Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum | 4,5% | 4,5% | 0,0% | 4,5% | 4,5% | 0,0% |
| Banking Regulation, Common Equity Tier One Risk-Based Capital, Actual | $87,6 M | $78,7 M | +11,3% | $83,2 M | $75,1 M | +10,7% |
| Banking Regulation, Countercyclical Capital Buffer | 0,0% | 0,0% | – | 0,0% | 0,0% | – |
| Banking Regulation, Global Systemically Important Bank (GSIB) Surcharge | 3,0% | 3,0% | 0,0% | 3,0%2024-12-31 | 3,0% | 0,0% |
| Banking Regulation, Risk-Weighted Assets, Actual | $589 M | $523 M | +12,6% | $553 M | $472 M | +17,1% |
| Banking Regulation, Supplementary Leverage Ratio, Actual | 4,9% | 5,5% | -10,9% | 5,4% | 5,6% | -3,6% |
| Banking Regulation, Tier One Leverage Capital Ratio, Actual | 6,0% | 6,8% | -11,8% | 6,7% | 6,9% | -2,9% |
| Banking Regulation, Tier One Leverage Capital Ratio, Capital Adequacy, Minimum | 4,0% | 4,0% | 0,0% | 4,0% | 4,0% | 0,0% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Actual | 16,5% | 16,9% | -2,4% | 16,8% | 18,0% | -6,7% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum | 13,3% | 15,0% | -11,3% | 13,3% | 15,0% | -11,3% |
| Banking Regulation, Tier One Risk-Based Capital, Actual | $97,2 M | $88,4 M | +10,0% | $92,7 M | $84,8 M | +9,4% |
| Banking Regulation, Total Capital, Actual | $109 M | $99,7 M | +9,3% | $103 M | $95,6 M | +8,2% |
| Banking Regulation, Total Risk-Based Capital Ratio, Actual | 18,5% | 19,0% | -2,6% | 18,7% | 20,3% | -7,9% |
| Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum | 15,3% | 17,0% | -10,0% | 15,3% | 17,0% | -10,0% |
| BeneficialInterestSecuredByPrepayableFinancialInstrumentsLastOfLayerAmortizedCost | $759 jt | $607 jt | +25,0% | $589 jt | $325 jt | +81,2% |
| Brokerage Commissions Revenue | $1,83 M | $1,43 M | +28,6% | $5,94 M | $5,09 M | +16,5% |
| Capital Accumulation Plans | $5,91 M | $5,09 M | +16,3% | $5,15 M | $5,1 M | +1,0% |
| Cash and Cash Equivalents, at Carrying Value | $160 M | $109 M | +46,7% | $112 M | $105 M | +6,0% |
| Cash and Due from Banks | $6,94 M | $8,13 M | -14,7% | $4,46 M | $4,44 M | +0,6% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | -$17 jt | -$46 jt | +63,0% | -$68 jt | $31 jt | -319,4% |
| Cash Flows Between Transferor and Transferee, Proceeds from New Transfers | $14,8 M | $12,1 M | +21,7% | $52,9 M | $36,3 M | +45,5% |
| Cash Flows Between Transferor and Transferee, Receipts on Transferor's Interest in Transferred Financial Assets, Other | $159 jt | $2,46 M | -93,5% | $11,5 M | $7,96 M | +44,8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $160 M | $109 M | +46,7% | $112 M | $105 M | +6,0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $26,6 M | $18,4 M | +44,7% | $6,31 M | $16,2 M | -60,9% |
| Cash, FDIC Insured Amount | $349 M | $313 M | +11,5% | $331 M | $298 M | +11,1% |
| Collateral Already Posted, Aggregate Fair Value | $20,9 M | $16,8 M | +23,9% | $20,2 M | $16,3 M | +24,0% |
| Common Stock Issued, Employee Stock Trust | $5,91 M | $5,09 M | +16,3% | $5,15 M | $5,1 M | +1,0% |
| Common Stock, Dividends, Per Share, Declared | $1,00 | $0,93 | +8,1% | $3,85 | $3,55 | +8,5% |
| Common Stock, Par or Stated Value Per Share | $0,01 | $0,01 | 0,0% | $0,01 | $0,01 | 0,0% |
| Common Stock, Shares Authorized | 3,5 M | 3,5 M | 0,0% | 3,5 M | 3,5 M | 0,0% |
| Common Stock, Shares, Issued | 2,04 M | 2,04 M | 0,0% | 2,04 M | 2,04 M | 0,0% |
| Common Stock, Shares, Outstanding | 1,57 M | 1,6 M | -1,6% | 1,58 M | 1,61 M | -1,5% |
| Common Stock, Value, Issued | $20 jt | $20 jt | 0,0% | $20 jt | $20 jt | 0,0% |
| Communications and Information Technology | $1,2 M | $1,09 M | +10,5% | $4,42 M | $4,09 M | +8,1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4,76 M | $3,59 M | +32,6% | $17,4 M | $13 M | +33,8% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4,8 M | $3,67 M | +31,1% | $17,5 M | $13,1 M | +34,4% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $3,34 M | $2,76 M | +21,2% | $3 M | $2,63 M | +14,2% |
| Current Federal Tax Expense (Benefit) | – | – | – | $2,23 M | $2,01 M | +11,0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1,54 M | $1,24 M | +23,4% |
| Current Income Tax Expense (Benefit) | – | – | – | $4,37 M | $3,92 M | +11,6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $601 jt | $660 jt | -8,9% |
| Customer Securities for which Entity has Right to Sell or Repledge, Fair Value | $1,38 T | $1,12 T | +23,4% | $1,19 T | $933 M | +27,7% |
| Customer Securities for which Entity has Right to Sell or Repledge, Fair Value of Securities Sold or Repledged | $1,06 T | $876 M | +21,2% | $900 M | $724 M | +24,3% |
| Debt Instrument, Fair Value Disclosure | $148 M | $125 M | +17,5% | $132 M | $103 M | +28,2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $143 jt | $71 jt | +101,4% | $223 jt | $89 jt | +150,6% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $2,37 M | $2,9 M | -18,2% | $2,28 M | $3,44 M | -33,8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $19,9 M | $45 M | -55,8% | $30,2 M | $44,1 M | -31,7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $2,24 M | $2,84 M | -21,0% | $2,27 M | $3,36 M | -32,4% |
Sumber: SEC companyfacts (XBRL setiap 10-Q / 10-K). Kuartal arus kas dihitung dari angka kumulatif tahun berjalan yang ditandai dalam 10-Q. Rincian segmen ditandai dengan dimensi dan ditampilkan di bagian segmen.
Sumber
Laporan keuangan, pendapatan segmen, metrik, estimasi: Financial Modeling Prep. Laba segmen dan setiap pos yang dilaporkan: SEC EDGAR (XBRL). Laporan yang dibaca: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30
Data per 2026-11-01