Morgan Stanley (MS) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Morgan Stanley (MS) has a cash flow conversion efficiency ratio of -0.030x as of September 2025. 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 ($-3.33 Billion) by net assets ($111.05 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Morgan Stanley - Cash Flow Conversion Efficiency Trend (1989–2024)
This chart illustrates how Morgan Stanley's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read how much debt does Morgan Stanley carry for a breakdown of total debt and financial obligations.
Morgan Stanley Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Morgan Stanley ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
HSBC Holdings plc
MX:HBCN
|
N/A |
|
Merck & Company Inc
NYSE:MRK
|
0.151x |
|
Roche Holding AG
SW:ROG
|
0.296x |
|
Contemporary Amperex Technology Co Ltd Class A
SHE:300750
|
0.060x |
|
LVMH Moët Hennessy - Louis Vuitton Société Européenne
PA:MC
|
0.118x |
|
Philip Morris International Inc
NYSE:PM
|
-0.587x |
|
UnitedHealth Group Incorporated
NYSE:UNH
|
0.011x |
|
Toyota Motor Corporation ADR
NYSE:TM
|
0.021x |
Annual Cash Flow Conversion Efficiency for Morgan Stanley (1989–2024)
The table below shows the annual cash flow conversion efficiency of Morgan Stanley from 1989 to 2024. For the full company profile with market capitalisation and key ratios, see Morgan Stanley market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 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 governments, financial institutions, and individuals in the Americas, Asia, Europe, Middle East, and Africa. The company operates through Institutional Securities, Wealth Management, and Investment Management segments. It offers capital raising and financial advisory services, including services relat… Read more