Galaxy Digital vs Morgan Stanley
Morgan Stanley is the larger business, with $70.64bn of revenue in fiscal 2025 against $60.41bn for Galaxy Digital (1.2 times as much). Galaxy Digital grew faster (41.8% against 14.4%). Morgan Stanley kept more of each dollar of sales as profit: a net margin of 23.9% against -0.4%.
| Latest fiscal year | Galaxy DigitalGLXY, 2025 | Morgan StanleyMS, 2025 |
|---|---|---|
| Revenue | $60.41bn | $70.64bn |
| Revenue growth | 41.8% | 14.4% |
| Net income | −$241m | $16.86bn |
| Operating margin | — | — |
| Net margin | -0.4% | 23.9% |
| Return on equity | -11.6% | 15.6% |
| Free cash flow | −$1.51bn | — |
| Cash | $1.25bn | $111.69bn |
| Total debt | $2.86bn | $348.94bn |
| Debt to equity | 146.3% | — |
| Dividend per share | — | $3.85 |
| Dividend yield | — | 2.3% |
| Share buybacks | — | — |
| Employees | 700 | 83,000 |
| Market value | $3.16bn | $292.41bn |
| Price vs our value range | — | — |
| Moat score | — | 72 (Strong) |
| Insider trades, 12 months | 13 buys, 9 sales | 0 buys, 33 sales |