MORGAN STANLEY (MS) closed fiscal year 2025 with a net margin of 23.9 %.
MORGAN STANLEY (MS) closed fiscal year 2025 with a net margin of 23.9 %. The free cash flow margin was -29.4 %. The series covers 17 fiscal years, from 2009 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net margin (%) | 5.78 % | 15.06 % | 12.75 % | 0.26 % | 9.02 % | 10.12 % | 17.43 % | 17.26 % | 16.10 % | 21.81 % | 21.77 % | 22.55 % | 25.16 % | 20.55 % | 16.78 % | 21.68 % | 23.87 % |
| FCF margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | -17.65 % | -68.24 % | -3.40 % | -29.42 % |
