Morgan Stanley (MS) — Free Cash Flow Generation Index
Latest as of June 2025:
0.94x
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). Read total liabilities of Morgan Stanley for a breakdown of total debt and financial obligations.
FCF Generation Index
0.94x
Free Cash Flow / Operating CF
Free Cash Flow
$11.07 Billion
USD
Operating Cash Flow
$11.83 Billion
USD
Capital Expenditures
$763.00 Million
USD
Morgan Stanley Free Cash Flow Generation Index (1992–2025)
Historical FCF Generation Index trend for Morgan Stanley across 20 annual periods. Explore Morgan Stanley capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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 MS market cap overview.
| 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 | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).