Morgan Stanley vs Charles Schwab
Morgan Stanley is the larger business, with $70.64bn of revenue in fiscal 2025 against $23.92bn for Charles Schwab (3.0 times as much). Charles Schwab grew faster (22.0% against 14.4%). Charles Schwab kept more of each dollar of sales as profit: a net margin of 37.0% against 23.9%.
| Latest fiscal year | Morgan StanleyMS, 2025 | Charles SchwabSCHW, 2025 |
|---|---|---|
| Revenue | $70.64bn | $23.92bn |
| Revenue growth | 14.4% | 22.0% |
| Net income | $16.86bn | $8.85bn |
| Operating margin | — | — |
| Net margin | 23.9% | 37.0% |
| Return on equity | 15.6% | 18.1% |
| Free cash flow | — | $8.76bn |
| Cash | $111.69bn | $46.03bn |
| Total debt | $348.94bn | $29.11bn |
| Debt to equity | — | — |
| Dividend per share | $3.85 | $1.08 |
| Dividend yield | 2.3% | 1.6% |
| Share buybacks | — | $7.35bn |
| Employees | 83,000 | — |
| Market value | $292.41bn | $154.77bn |
| Price vs our value range | — | — |
| Moat score | 72 (Strong) | 77 (Strong) |
| Insider trades, 12 months | 0 buys, 33 sales | 1 buys, 91 sales |