Morgan Stanley
MS · Investment Banking & Brokerage
$179.49
2.4%Stifel
SF · Investment Banking & Brokerage
$66.68
1.7%The short version
- Morgan Stanley is the larger business, with $70.6B of revenue in fiscal 2025 against $6.3B for Stifel, about 11 times as much.
- Morgan Stanley grew revenue faster (14.4%, against 6.7%).
- Investors pay more for each dollar of Morgan Stanley’s earnings: a P/E of 14.5x against 11.9x for Stifel.
| Latest fiscal year | MS · FY25 | SF · FY25 |
|---|---|---|
| Size | ||
| Market cap | $285.7B | $7.3B |
| Revenue | $70.6B | $6.3B |
| Free cash flow | — | — |
| Net income | $16.9B | $684M |
| Growth | ||
| Revenue growth | 14.4% | 6.7% |
| 5-year growth | 7.7% | 10.7% |
| Share count change | −1.2% | −0.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 23.9% | 10.8% |
| FCF margin | — | — |
| Return on capital | — | — |
| Return on equity | 15.6% | 11.7% |
| Balance sheet | ||
| Net debt | — | — |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $6.6B | $245M |
| Valuation & quality | ||
| P/E | 14.5x | 11.9x |
| Piotroski F-score | — | — |
FY16
MS $34.6B
SF $2.6B
FY17
MS $37.9B
SF $3.0B
FY18
MS $40.1B
SF $3.2B
FY19
MS $41.5B
SF $3.5B
FY20
MS $48.8B
SF $3.8B
FY21
MS $59.8B
SF $4.8B
FY22
MS $53.7B
SF $4.6B
FY23
MS $54.1B
SF $5.2B
FY24
MS $61.8B
SF $6.0B
FY25
MS $70.6B
SF $6.3B
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.