Morgan Stanley Cash Flow Quality Index
Morgan Stanley 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 to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Morgan Stanley (1989–2025)
Cash flow quality index of Morgan Stanley from 1989 to 2025. Historical Cash Flow Quality Index for Morgan Stanley across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. See MS equity to assets ratio to measure how much of total assets are equity-financed.
Morgan Stanley Cash Flow Quality Index by Year (1989–2025)
Morgan Stanley cash flow quality index by year from 1989 to 2025. Year-by-year earnings quality comparison for Morgan Stanley. For the full cash flow conversion analysis, see Morgan Stanley (MS) cash flow conversion.
| 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 | — |