Morgan Stanley
Morgan Stanley, a financial holding company, provides various financial products and services to governments, financial institutions, and individuals in the Americas, Asia, Europe, Middle East, and Africa. The company operates through Institutional Securities, Wealth Management, and Investment Management segments. It offers capital raising and financial advisory services, including services relat… Read more
Morgan Stanley (MS) - Net Assets
Latest net assets as of September 2025: $111.05 Billion USD
Based on the latest financial reports, Morgan Stanley (MS) has net assets worth $111.05 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.36 Trillion) and total liabilities ($1.25 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $111.05 Billion |
| % of Total Assets | 8.14% |
| Annual Growth Rate | 16.2% |
| 5-Year Change | 2.21% |
| 10-Year Change | 38.39% |
| Growth Volatility | 38.87 |
Morgan Stanley - Net Assets Trend (1985–2024)
This chart illustrates how Morgan Stanley's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Morgan Stanley (1985–2024)
The table below shows the annual net assets of Morgan Stanley from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $105.43 Billion | +5.45% |
| 2023-12-31 | $99.98 Billion | -1.23% |
| 2022-12-31 | $101.23 Billion | -5.03% |
| 2021-12-31 | $106.60 Billion | +3.34% |
| 2020-12-31 | $103.15 Billion | +24.73% |
| 2019-12-31 | $82.70 Billion | +1.59% |
| 2018-12-31 | $81.41 Billion | +3.75% |
| 2017-12-31 | $78.47 Billion | +1.67% |
| 2016-12-31 | $77.18 Billion | +1.30% |
| 2015-12-31 | $76.18 Billion | +5.66% |
| 2014-12-31 | $72.10 Billion | +4.45% |
| 2013-12-31 | $69.03 Billion | +5.51% |
| 2012-12-31 | $65.43 Billion | -6.64% |
| 2011-12-31 | $70.08 Billion | +7.14% |
| 2010-12-31 | $65.41 Billion | +23.92% |
| 2009-12-31 | $52.78 Billion | +6.72% |
| 2008-12-31 | $49.46 Billion | +58.16% |
| 2007-12-31 | $31.27 Billion | -11.58% |
| 2006-12-31 | $35.36 Billion | +21.18% |
| 2005-12-31 | $29.18 Billion | +3.46% |
| 2004-12-31 | $28.21 Billion | +1.91% |
| 2003-12-31 | $27.68 Billion | +19.84% |
| 2002-12-31 | $23.09 Billion | +5.33% |
| 2001-12-31 | $21.93 Billion | +11.46% |
| 2000-12-31 | $19.67 Billion | +12.96% |
| 1999-12-31 | $17.41 Billion | +12.22% |
| 1998-12-31 | $15.52 Billion | +3.76% |
| 1997-12-31 | $14.96 Billion | +189.58% |
| 1996-12-31 | $5.16 Billion | +6.84% |
| 1995-12-31 | $4.83 Billion | +17.67% |
| 1994-12-31 | $4.11 Billion | +18.14% |
| 1993-12-31 | $3.48 Billion | +1.25% |
| 1992-12-31 | $3.43 Billion | +14.72% |
| 1991-12-31 | $2.99 Billion | +37.85% |
| 1990-12-31 | $2.17 Billion | +7.45% |
| 1989-12-31 | $2.02 Billion | +51.10% |
| 1988-12-31 | $1.34 Billion | +33.68% |
| 1987-12-31 | $1.00 Billion | +27.35% |
| 1986-12-31 | $785.60 Million | +160.05% |
| 1985-12-31 | $302.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Morgan Stanley's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 37156.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $104.99 Billion | 100.46% |
| Common Stock | $20.00 Million | 0.02% |
| Other Comprehensive Income | $-6.81 Billion | -6.52% |
| Other Components | $6.32 Billion | 6.04% |
| Total Equity | $104.51 Billion | 100.00% |
Morgan Stanley Competitors by Market Cap
The table below lists competitors of Morgan Stanley ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Linde PLC
XETRA:LIN
|
$187.60 Billion |
|
KLA-Tencor Corporation
NASDAQ:KLAC
|
$188.06 Billion |
|
KLA Corp.
LSE:0JPO
|
$188.21 Billion |
|
BHP Group Limited
NYSE:BHP
|
$188.50 Billion |
|
Salesforce.com Inc
NYSE:CRM
|
$180.61 Billion |
|
Gilead Sciences Inc
NASDAQ:GILD
|
$179.76 Billion |
|
Shell PLC
PINK:RYDAF
|
$179.30 Billion |
|
AT&T Inc
NYSE:T
|
$179.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Morgan Stanley's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 99,038,000,000 to 104,511,000,000, a change of 5,473,000,000 (5.5%).
- Net income of 13,390,000,000 contributed positively to equity growth.
- Dividend payments of 6,138,000,000 reduced retained earnings.
- Share repurchases of 4,199,000,000 reduced equity.
- New share issuances of 995,000,000 increased equity.
- Other comprehensive income decreased equity by 393,000,000.
- Other factors increased equity by 1,818,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.39 Billion | +12.81% |
| Dividends Paid | $6.14 Billion | -5.87% |
| Share Repurchases | $4.20 Billion | -4.02% |
| Share Issuances | $995.00 Million | +0.95% |
| Other Comprehensive Income | $-393.00 Million | -0.38% |
| Other Changes | $1.82 Billion | +1.74% |
| Total Change | $- | 5.53% |
Book Value vs Market Value Analysis
This analysis compares Morgan Stanley's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 60.75x to 2.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.56 | $155.70 | x |
| 1986-12-31 | $5.53 | $155.70 | x |
| 1987-12-31 | $6.50 | $155.70 | x |
| 1988-12-31 | $9.06 | $155.70 | x |
| 1989-12-31 | $13.38 | $155.70 | x |
| 1990-12-31 | $14.65 | $155.70 | x |
| 1991-12-31 | $18.82 | $155.70 | x |
| 1992-12-31 | $21.14 | $155.70 | x |
| 1993-12-31 | $6.34 | $155.70 | x |
| 1994-12-31 | $5.38 | $155.70 | x |
| 1995-12-31 | $6.38 | $155.70 | x |
| 1996-12-31 | $8.17 | $155.70 | x |
| 1997-12-31 | $12.28 | $155.70 | x |
| 1998-12-31 | $12.80 | $155.70 | x |
| 1999-12-31 | $14.67 | $155.70 | x |
| 2000-12-31 | $16.83 | $155.70 | x |
| 2001-12-31 | $18.47 | $155.70 | x |
| 2002-12-31 | $19.70 | $155.70 | x |
| 2003-12-31 | $22.62 | $155.70 | x |
| 2004-12-31 | $25.52 | $155.70 | x |
| 2005-12-31 | $27.02 | $155.70 | x |
| 2006-12-31 | $33.53 | $155.70 | x |
| 2007-12-31 | $29.66 | $155.70 | x |
| 2008-12-31 | $44.49 | $155.70 | x |
| 2009-12-31 | $39.39 | $155.70 | x |
| 2010-12-31 | $40.54 | $155.70 | x |
| 2011-12-31 | $37.04 | $155.70 | x |
| 2012-12-31 | $32.37 | $155.70 | x |
| 2013-12-31 | $33.69 | $155.70 | x |
| 2014-12-31 | $35.97 | $155.70 | x |
| 2015-12-31 | $38.50 | $155.70 | x |
| 2016-12-31 | $40.30 | $155.70 | x |
| 2017-12-31 | $42.50 | $155.70 | x |
| 2018-12-31 | $46.17 | $155.70 | x |
| 2019-12-31 | $49.73 | $155.70 | x |
| 2020-12-31 | $62.67 | $155.70 | x |
| 2021-12-31 | $58.13 | $155.70 | x |
| 2022-12-31 | $58.46 | $155.70 | x |
| 2023-12-31 | $60.17 | $155.70 | x |
| 2024-12-31 | $64.87 | $155.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Morgan Stanley utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.98%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 11.63x
- Recent ROE (12.81%) is below the historical average (14.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 35.05% | 0.00% | -0.06x | 52.28x | $75.69 Million |
| 1986 | 25.62% | 0.00% | -0.04x | 36.14x | $122.74 Million |
| 1987 | 23.08% | 0.00% | 0.00x | 29.65x | $130.85 Million |
| 1988 | 29.50% | 0.00% | -0.05x | 29.94x | $260.85 Million |
| 1989 | 21.92% | 9.42% | 0.09x | 26.36x | $240.90 Million |
| 1990 | 12.45% | 5.65% | 0.09x | 24.65x | $53.25 Million |
| 1991 | 15.87% | 9.15% | 0.08x | 21.28x | $175.76 Million |
| 1992 | 14.87% | 8.73% | 0.07x | 23.40x | $167.09 Million |
| 1993 | 17.36% | 10.37% | 0.21x | 7.96x | $255.89 Million |
| 1994 | 18.04% | 11.22% | 0.21x | 7.76x | $330.10 Million |
| 1995 | 17.72% | 10.79% | 0.21x | 7.90x | $373.03 Million |
| 1996 | 18.42% | 10.54% | 0.21x | 8.21x | $434.96 Million |
| 1997 | 17.29% | 9.53% | 0.09x | 20.21x | $1.09 Billion |
| 1998 | 21.11% | 10.52% | 0.10x | 20.47x | $1.72 Billion |
| 1999 | 28.16% | 13.85% | 0.09x | 21.57x | $3.09 Billion |
| 2000 | 28.31% | 12.10% | 0.11x | 21.86x | $3.53 Billion |
| 2001 | 17.00% | 8.03% | 0.09x | 23.30x | $1.45 Billion |
| 2002 | 13.65% | 9.22% | 0.06x | 24.19x | $799.50 Million |
| 2003 | 15.23% | 10.84% | 0.06x | 24.24x | $1.30 Billion |
| 2004 | 15.90% | 11.68% | 0.05x | 26.50x | $1.67 Billion |
| 2005 | 16.92% | 10.68% | 0.05x | 30.79x | $2.02 Billion |
| 2006 | 21.13% | 10.77% | 0.06x | 31.70x | $3.94 Billion |
| 2007 | 10.26% | 3.90% | 0.08x | 33.43x | $82.10 Million |
| 2008 | 3.50% | 3.17% | 0.08x | 13.88x | $-3.17 Billion |
| 2009 | 2.88% | 4.76% | 0.04x | 16.52x | $-3.32 Billion |
| 2010 | 8.22% | 13.15% | 0.04x | 14.12x | $-1.02 Billion |
| 2011 | 6.58% | 10.90% | 0.05x | 12.09x | $-2.12 Billion |
| 2012 | 0.11% | 0.22% | 0.04x | 12.57x | $-6.14 Billion |
| 2013 | 4.45% | 8.33% | 0.04x | 12.63x | $-3.66 Billion |
| 2014 | 4.89% | 9.59% | 0.05x | 11.30x | $-3.62 Billion |
| 2015 | 8.15% | 17.02% | 0.05x | 10.47x | $-1.39 Billion |
| 2016 | 7.86% | 16.59% | 0.04x | 10.72x | $-1.63 Billion |
| 2017 | 7.90% | 14.71% | 0.05x | 11.01x | $-1.63 Billion |
| 2018 | 10.90% | 18.30% | 0.06x | 10.64x | $723.40 Million |
| 2019 | 11.09% | 17.57% | 0.06x | 10.98x | $887.10 Million |
| 2020 | 10.80% | 22.13% | 0.04x | 10.96x | $817.90 Million |
| 2021 | 14.26% | 26.02% | 0.05x | 11.27x | $4.49 Billion |
| 2022 | 11.01% | 17.65% | 0.05x | 11.79x | $1.01 Billion |
| 2023 | 9.18% | 10.29% | 0.07x | 12.05x | $-816.80 Million |
| 2024 | 12.81% | 12.98% | 0.08x | 11.63x | $2.94 Billion |
Industry Comparison
This section compares Morgan Stanley's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $157,964,914
- Average return on equity (ROE) among peers: -57.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Morgan Stanley (MS) | $111.05 Billion | 35.05% | 11.29x | $187.09 Billion |
| Armada Mercantile Ltd (AAMTF) | $-163.70K | 0.00% | 0.00x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $980.15 Million | 55.52% | 2.82x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-8.36 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $473.78 Million | 8.36% | 0.14x | $200.98 Million |
| Abits Group Inc. (ABTS) | $6.74 Million | -73.26% | 1.15x | $4.60 Million |
| Argentex Group PLC (AGXTF) | $41.00 Million | 12.44% | 1.72x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $33.15 Million | 5.93% | 0.34x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $13.03 Million | -530.34% | 8.88x | $1.38 Million |