Morgan Stanley (MS) — Cash Flow Quality Index
Morgan Stanley (MS) has a Cash Flow Quality Index of -1.26x as of March 2026. Operating cash flow of $-7.10 Billion is below net income of $5.64 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Morgan Stanley (MS) cash flow conversion to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Morgan Stanley Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Morgan Stanley across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check MS cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Morgan Stanley (1989–2025)
Year-by-year earnings quality comparison for Morgan Stanley. For live market cap and the full company financial profile, see Morgan Stanley (MS) total market value.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.91x | $49.00 Billion | $16.86 Billion | ▲ +2786.6% |
| 2024 | 0.10x | $1.36 Billion | $13.53 Billion | ▲ +102.7% |
| 2023 | -3.69x | $-33.54 Billion | $9.09 Billion | ▼ -544.9% |
| 2022 | -0.57x | $-6.40 Billion | $11.18 Billion | ▼ -125.5% |
| 2021 | 2.25x | $33.97 Billion | $15.12 Billion | ▲ +199.5% |
| 2020 | -2.26x | $-25.23 Billion | $11.18 Billion | ▼ -151.1% |
| 2019 | 4.41x | $40.77 Billion | $9.24 Billion | ▲ +436.8% |
| 2018 | 0.82x | $7.30 Billion | $8.88 Billion | ▲ +213.5% |
| 2017 | -0.72x | $-4.50 Billion | $6.22 Billion | ▼ -281.3% |
| 2016 | 0.40x | $2.45 Billion | $6.12 Billion | ▼ -31.7% |
| 2015 | 0.59x | $3.67 Billion | $6.28 Billion | ▲ +89.7% |
| 2014 | 0.31x | $1.13 Billion | $3.67 Billion | ▼ -96.8% |
| 2013 | 9.69x | $35.01 Billion | $3.61 Billion | ▼ -72.0% |
| 2012 | 34.58x | $24.76 Billion | $716.00 Million | ▲ +944.2% |
| 2011 | 3.31x | $15.38 Billion | $4.64 Billion | ▼ -53.5% |
| 2010 | 7.12x | $40.61 Billion | $5.70 Billion | ▲ +121.8% |
| 2009 | -32.68x | $-45.95 Billion | $1.41 Billion | ▼ -176.0% |
| 2008 | 43.01x | $73.42 Billion | $1.71 Billion | ▲ +724.7% |
| 2007 | -6.88x | $-22.09 Billion | $3.21 Billion | ▲ +15.4% |
| 2006 | -8.14x | $-60.80 Billion | $7.47 Billion | ▼ -28.2% |
| 2005 | -6.35x | $-31.35 Billion | $4.94 Billion | ▼ -16.2% |
| 2004 | -5.46x | $-24.51 Billion | $4.49 Billion | ▼ -978.5% |
| 2003 | 0.62x | $2.35 Billion | $3.79 Billion | ▲ +136.8% |
| 2002 | -1.69x | $-5.05 Billion | $2.99 Billion | ▲ +75.3% |
| 2001 | -6.84x | $-24.09 Billion | $3.52 Billion | ▼ -1465.9% |
| 2000 | -0.44x | $-2.38 Billion | $5.46 Billion | ▲ +92.8% |
| 1999 | -6.11x | $-29.27 Billion | $4.79 Billion | ▼ -234.9% |
| 1998 | 4.53x | $15.37 Billion | $3.39 Billion | ▲ +2092.1% |
| 1997 | -0.23x | $-588.00 Million | $2.59 Billion | ▼ -109.8% |
| 1996 | 2.32x | $2.21 Billion | $951.40 Million | ▲ +34.6% |
| 1995 | 1.72x | $1.48 Billion | $856.40 Million | ▼ -55.9% |
| 1994 | 3.91x | $2.89 Billion | $740.90 Million | ▲ +74.6% |
| 1993 | 2.24x | $1.35 Billion | $603.60 Million | ▼ -76.2% |
| 1992 | 9.40x | $4.80 Billion | $510.50 Million | ▲ +262.0% |
| 1991 | -5.80x | $-2.76 Billion | $475.10 Million | ▲ +66.5% |
| 1990 | -17.31x | $-4.68 Billion | $270.40 Million | ▲ +9.4% |
| 1989 | -19.09x | $-8.46 Billion | $443.00 Million | — |