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) investment intensity to see how much of total assets are deployed in long-term investments.
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 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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 how much is Morgan Stanley worth.
| 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 | — |