Morgan Stanley Cash Flow Conversion Efficiency
Morgan Stanley cash flow conversion efficiency. Based on the latest financial reports, Morgan Stanley (MS) has a cash flow conversion efficiency ratio of -0.062x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-7.10 Billion) by net assets ($115.38 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of Morgan Stanley (1989–2025)
Cash flow conversion efficiency of Morgan Stanley from 1989 to 2025. This chart illustrates how Morgan Stanley's cash flow conversion efficiency has evolved over time, based on yearly financial data. View MS live share price for real-time trading data and today's change.
Morgan Stanley Cash Flow Conversion Ratio Explained
Morgan Stanley cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
Morgan Stanley Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Morgan Stanley ranked by their cash flow conversion efficiency. Also see Morgan Stanley (MS) market capitalisation for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Intel Corporation
NASDAQ:INTC
|
0.068x |
|
Cisco Systems Inc
NASDAQ:CSCO
|
0.038x |
|
HSBC Holdings plc
MX:HBCN
|
N/A |
|
Merck & Company Inc
NYSE:MRK
|
0.128x |
|
Applied Materials Inc
NASDAQ:AMAT
|
0.119x |
|
Philip Morris International Inc
NYSE:PM
|
-0.825x |
|
Morgan Stanley
SA:MSBR34
|
-0.030x |
|
AstraZeneca PLC
MX:AZNN
|
0.048x |
Annual Cash Flow Conversion Efficiency for Morgan Stanley (1989–2025)
The table below shows the annual cash flow conversion efficiency of Morgan Stanley from 1989 to 2025. Review Morgan Stanley free cash flow ratio to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $112.65 Billion | $49.00 Billion | 0.435x | +3266.81% |
| 2024-12-31 | $105.43 Billion | $1.36 Billion | 0.013x | +103.85% |
| 2023-12-31 | $99.98 Billion | $-33.54 Billion | -0.335x | -430.79% |
| 2022-12-31 | $101.23 Billion | $-6.40 Billion | -0.063x | -119.83% |
| 2021-12-31 | $106.60 Billion | $33.97 Billion | 0.319x | +230.28% |
| 2020-12-31 | $103.15 Billion | $-25.23 Billion | -0.245x | -149.61% |
| 2019-12-31 | $82.70 Billion | $40.77 Billion | 0.493x | +449.44% |
| 2018-12-31 | $81.41 Billion | $7.30 Billion | 0.090x | +256.30% |
| 2017-12-31 | $78.47 Billion | $-4.50 Billion | -0.057x | -281.08% |
| 2016-12-31 | $77.18 Billion | $2.45 Billion | 0.032x | -34.25% |
| 2015-12-31 | $76.18 Billion | $3.67 Billion | 0.048x | +207.45% |
| 2014-12-31 | $72.10 Billion | $1.13 Billion | 0.016x | -96.91% |
| 2013-12-31 | $69.03 Billion | $35.01 Billion | 0.507x | +34.02% |
| 2012-12-31 | $65.43 Billion | $24.76 Billion | 0.378x | +72.40% |
| 2011-12-31 | $70.08 Billion | $15.38 Billion | 0.219x | -64.65% |
| 2010-12-31 | $65.41 Billion | $40.61 Billion | 0.621x | +171.32% |
| 2009-12-31 | $52.78 Billion | $-45.95 Billion | -0.871x | -158.65% |
| 2008-12-31 | $49.46 Billion | $73.42 Billion | 1.484x | +310.11% |
| 2007-12-31 | $31.27 Billion | $-22.09 Billion | -0.707x | +58.91% |
| 2006-12-31 | $35.36 Billion | $-60.80 Billion | -1.719x | -60.03% |
| 2005-12-31 | $29.18 Billion | $-31.35 Billion | -1.074x | -23.66% |
| 2004-12-31 | $28.21 Billion | $-24.51 Billion | -0.869x | -1121.08% |
| 2003-12-31 | $27.68 Billion | $2.35 Billion | 0.085x | +138.88% |
| 2002-12-31 | $23.09 Billion | $-5.05 Billion | -0.219x | +80.08% |
| 2001-12-31 | $21.93 Billion | $-24.09 Billion | -1.099x | -806.60% |
| 2000-12-31 | $19.67 Billion | $-2.38 Billion | -0.121x | +92.79% |
| 1999-12-31 | $17.41 Billion | $-29.27 Billion | -1.681x | -269.72% |
| 1998-12-31 | $15.52 Billion | $15.37 Billion | 0.990x | +2618.95% |
| 1997-12-31 | $14.96 Billion | $-588.00 Million | -0.039x | -109.19% |
| 1996-12-31 | $5.16 Billion | $2.21 Billion | 0.428x | +39.96% |
| 1995-12-31 | $4.83 Billion | $1.48 Billion | 0.306x | -56.63% |
| 1994-12-31 | $4.11 Billion | $2.89 Billion | 0.705x | +81.37% |
| 1993-12-31 | $3.48 Billion | $1.35 Billion | 0.388x | -72.21% |
| 1992-12-31 | $3.43 Billion | $4.80 Billion | 1.398x | +251.76% |
| 1991-12-31 | $2.99 Billion | $-2.76 Billion | -0.921x | +57.27% |
| 1990-12-31 | $2.17 Billion | $-4.68 Billion | -2.155x | +48.51% |
| 1989-12-31 | $2.02 Billion | $-8.46 Billion | -4.185x | -- |
About Morgan Stanley
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The company offers capital raising and financial advisory services, includ… Read more