Morgan Stanley (MS) — Free Cash Flow Generation Index
Morgan Stanley (MS) has a Free Cash Flow Generation Index of 0.94x as of June 2025. Free cash flow of $11.07 Billion represents 1% of operating cash flow ($11.83 Billion). See Morgan Stanley short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Morgan Stanley Free Cash Flow Generation Index (1992–2025)
Historical FCF Generation Index trend for Morgan Stanley across 20 annual periods. Explore debt repayment capacity of Morgan Stanley to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Morgan Stanley (1992–2025)
Year-by-year Free Cash Flow Generation Index for Morgan Stanley. For the full company profile including market capitalisation, see Morgan Stanley market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.94x | $46.10 Billion | $49.00 Billion | $2.90 Billion | ▲ +161.0% |
| 2024 | -1.54x | $-2.10 Billion | $1.36 Billion | $3.46 Billion | ▼ -265.4% |
| 2021 | 0.93x | $31.66 Billion | $33.97 Billion | $2.31 Billion | ▼ -2.4% |
| 2019 | 0.96x | $38.95 Billion | $40.77 Billion | $1.83 Billion | ▲ +28.3% |
| 2018 | 0.74x | $5.44 Billion | $7.30 Billion | $1.86 Billion | ▲ +55.6% |
| 2016 | 0.48x | $1.17 Billion | $2.45 Billion | $1.28 Billion | ▼ -23.6% |
| 2015 | 0.63x | $2.30 Billion | $3.67 Billion | $1.37 Billion | ▲ +409.6% |
| 2014 | 0.12x | $139.00 Million | $1.13 Billion | $992.00 Million | ▼ -87.4% |
| 2013 | 0.98x | $34.24 Billion | $35.01 Billion | $1.32 Billion | ▲ +4.2% |
| 2012 | 0.94x | $23.24 Billion | $24.76 Billion | $1.31 Billion | ▲ +168.3% |
| 2011 | 0.35x | $5.38 Billion | $15.38 Billion | $1.30 Billion | ▼ -63.7% |
| 2010 | 0.96x | $39.11 Billion | $40.61 Billion | $1.20 Billion | ▼ -1.8% |
| 2008 | 0.98x | $72.02 Billion | $73.42 Billion | $1.40 Billion | ▲ +31.9% |
| 2003 | 0.74x | $1.75 Billion | $2.35 Billion | $603.00 Million | ▼ -25.6% |
| 1998 | 1.00x | $15.37 Billion | $15.37 Billion | $0.00 | ▲ +0.0% |
| 1996 | 1.00x | $2.21 Billion | $2.21 Billion | $152.00 Million | ▲ +0.0% |
| 1995 | 1.00x | $1.48 Billion | $1.48 Billion | $0.00 | ▲ +0.0% |
| 1994 | 1.00x | $2.89 Billion | $2.89 Billion | $0.00 | ▲ +0.0% |
| 1993 | 1.00x | $1.35 Billion | $1.35 Billion | $0.00 | ▲ +1.4% |
| 1992 | 0.99x | $4.73 Billion | $4.80 Billion | $66.30 Million | — |