CME vs. MS: CME vs. Morgan Stanley Stock Comparison

November 11, 2026

How do CME (CME) and Morgan Stanley (MS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CME (CME) and Morgan Stanley (MS) both belong to the Capital Markets industry, though CME is classified under Financial Exchanges & Data while MS falls under Investment Banking & Brokerage.

Company profile comparison for CME (CME) and Morgan Stanley (MS)
Profile Item	CME	MS
Name	CME Group Inc. Class A Common Stock	Morgan Stanley Common Stock
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Capital Markets	Capital Markets
GICS Sub-Industry	Financial Exchanges & Data	Investment Banking & Brokerage
Market Capitalization	109.49 billion USD	283.60 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	December 6, 2002	February 23, 1993
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CME

GSPC

CME (CME) vs. Morgan Stanley (MS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CME (CME) and Morgan Stanley (MS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CME (CME) and Morgan Stanley (MS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CME (CME) and Morgan Stanley (MS)
Metric	CME	MS
Total Return (1Y)	14.24%	19.44%
Total Return (3Y, Annualized)	16.88%	40.69%
Total Return (5Y, Annualized)	11.09%	17.38%

Risk Profile

Drawdown History

CME

GSPC

CME (CME) vs. Morgan Stanley (MS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CME (CME) and Morgan Stanley (MS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CME (CME) and Morgan Stanley (MS)
Metric	CME	MS
Volatility (1Y, Annualized)	24.87%	29.73%
Beta (5Y)	0.16	1.21
Max Drawdown (5Y)	-31.74%	-32.38%
Avg. Volume (3M)	1.91M	5.37M

Risk-Adjusted Performance

Risk-Return Positioning

CME and MS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CME (CME) and Morgan Stanley (MS)
Metric	CME	MS
Sharpe Ratio (1Y)	0.40	0.51
Sortino Ratio (1Y)	0.56	0.73

Profitability

ROE (TTM)

Both CME (CME) at 16.13% and Morgan Stanley (MS) at 18.04% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

CME

Financial Services industry group

16.13%

Max: 44.78%
Q3: 21.85%
CME: 16.13%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

MS

Financial Services industry group

18.04%

Max: 44.78%
Q3: 21.85%
MS: 18.04%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

CME (CME) vs. Morgan Stanley (MS): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

CME (CME) at 63.48% converts revenue to bottom-line profit above its industry’s benchmark range, while Morgan Stanley (MS) at 25.63% keeps roughly the typical share for its industry.

CME

Financial Services industry group

63.48%

CME: 63.48%
Max: 62.84%
Q3: 28.05%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

MS

Financial Services industry group

25.63%

Max: 62.84%
Q3: 28.05%
MS: 25.63%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

CME (CME) vs. Morgan Stanley (MS): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

CME (CME) at 65.85% operates in the top operating margin quartile, ahead of Morgan Stanley (MS) at 39.00%, which runs around its industry’s norm.

CME

Financial Services industry group

65.85%

Max: 107.33%
CME: 65.85%
Q3: 55.90%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

MS

Financial Services industry group

39.00%

Max: 107.33%
Q3: 55.90%
MS: 39.00%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

CME (CME) vs. Morgan Stanley (MS): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for CME (CME) and Morgan Stanley (MS)
Metric	CME	MS
ROE (TTM)	16.13%	18.04%
ROA (TTM)	1.52%	1.35%
Net Margin (TTM)	63.48%	25.63%
Operating Margin (TTM)	65.85%	39.00%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both CME (CME) at 6.37% and Morgan Stanley (MS) at 14.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

CME (CME) vs. Morgan Stanley (MS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both CME (CME) at 15.41% and Morgan Stanley (MS) at 28.43% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

CME (CME) vs. Morgan Stanley (MS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CME (CME) and Morgan Stanley (MS)
Metric	CME	MS
Revenue Growth (YoY)	6.37%	14.48%
Revenue Growth (3Y CAGR)	9.11%	9.52%
EPS Growth (YoY)	15.41%	28.43%
EPS Growth (3Y CAGR)	14.68%	18.41%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: CME (CME) in Financial Services and Morgan Stanley (MS) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: CME (CME) in Financial Services and Morgan Stanley (MS) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for CME (CME) and Morgan Stanley (MS)
Metric	CME	MS
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Both CME (CME) at 1.68% and Morgan Stanley (MS) at 2.40% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CME

Financial Services industry group

1.68%

Max: 9.77%
Q3: 3.92%
CME: 1.68%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

MS

Financial Services industry group

2.40%

Max: 9.77%
Q3: 3.92%
MS: 2.40%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

CME (CME) vs. Morgan Stanley (MS): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both CME (CME) at 92.62% and Morgan Stanley (MS) at 32.91% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CME

Financial Services industry group

92.62%

Max: 241.07%
Q3: 97.36%
CME: 92.62%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

MS

Financial Services industry group

32.91%

Max: 241.07%
Q3: 97.36%
MS: 32.91%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

CME (CME) vs. Morgan Stanley (MS): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for CME (CME) and Morgan Stanley (MS)
Metric	CME	MS
Dividend Yield (TTM)	1.68%	2.40%
Dividend Payout Ratio (TTM)	92.62%	32.91%

Valuation

P/E Ratio (TTM)

Morgan Stanley (MS) at 14.39 is near its industry’s usual P/E ratio, while CME (CME) at 25.07 sits in the richer quartile — CME needs stronger growth or earnings quality to justify the premium.

CME

Financial Services industry group

25.07

Max: 45.85
CME: 25.07
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

MS

Financial Services industry group

14.39

Max: 45.85
Q3: 24.64
Median: 15.37
MS: 14.39
Q1: 9.68
Min: 0.16

CME (CME) vs. Morgan Stanley (MS): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Morgan Stanley (MS) at 3.55 prices around its industry’s typical P/S ratio, while CME (CME) at 15.74 clears its benchmark range — CME looks notably rich on sales.

CME

Financial Services industry group

15.74

CME: 15.74
Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

MS

Financial Services industry group

3.55

Max: 9.23
Q3: 4.57
MS: 3.55
Median: 2.72
Q1: 1.28
Min: -0.55

CME (CME) vs. Morgan Stanley (MS): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Morgan Stanley (MS) at 2.65 is valued about in line with its industry on P/B ratio, while CME (CME) at 4.12 carries an above-peer premium to book — CME is pricier on assets.

CME

Financial Services industry group

4.12

Max: 7.79
CME: 4.12
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

MS

Financial Services industry group

2.65

Max: 7.79
Q3: 3.63
MS: 2.65
Median: 1.57
Q1: 0.81
Min: -0.39

CME (CME) vs. Morgan Stanley (MS): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for CME (CME) and Morgan Stanley (MS)
Metric	CME	MS
P/E Ratio (TTM)	25.07	14.39
P/S Ratio (TTM)	15.74	3.55
P/B Ratio (MRQ)	4.12	2.65
Free Cash Flow Yield (TTM)	--	--