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Goldman Sachs (GS) vs. Morgan Stanley (MS)

This page compares Goldman Sachs (GS) with Morgan Stanley (MS) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.

Company Profile

Goldman Sachs (GS) and Morgan Stanley (MS) are both classified in the Investment Banking & Brokerage sub-industry within the broader Capital Markets industry, placing them in the closest GICS peer bucket.

SymbolGSMS
Company NameThe Goldman Sachs Group, Inc.Morgan Stanley
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsCapital Markets
GICS Sub-IndustryInvestment Banking & BrokerageInvestment Banking & Brokerage
Market Capitalization273.99 billion USD299.02 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMay 4, 1999February 23, 1993
Security TypeCommon StockCommon Stock

Historical Performance

GS
MS
Loading price history…
Goldman Sachs (GS) vs. Morgan Stanley (MS): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Historical Performance at a Glance

SymbolGSMS
5-Day Price Return-2.79%-2.19%
13-Week Price Return1.39%10.52%
26-Week Price Return14.62%13.86%
52-Week Price Return51.68%44.89%
Month-to-Date Return0.54%-0.53%
Year-to-Date Return5.66%6.79%
10-Day Avg. Volume1.97M5.39M
3-Month Avg. Volume2.27M6.99M
3-Month Volatility31.71%30.50%
Beta1.291.22

Profitability

Return on Equity (TTM)

Both Goldman Sachs (GS) at 14.56% and Morgan Stanley (MS) at 16.32% post Return on Equity (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on this measure.

GS

Financial Services industry group

14.56%

Max
47.95%
Q3
23.50%
Median
14.09%
Q1
6.10%
Min
-18.72%

MS

Financial Services industry group

16.32%

Max
47.95%
Q3
23.50%
Median
14.09%
Q1
6.10%
Min
-18.72%
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Return on Equity (TTM) against the Financial Services industry group benchmark.

Net Profit Margin (TTM)

Both Goldman Sachs (GS) at 14.13% and Morgan Stanley (MS) at 14.65% post Net Profit Margin (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on net profitability.

GS

Financial Services industry group

14.13%

Max
53.82%
Q3
25.02%
Median
14.32%
Q1
5.67%
Min
-19.79%

MS

Financial Services industry group

14.65%

Max
53.82%
Q3
25.02%
Median
14.32%
Q1
5.67%
Min
-19.79%
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Net Profit Margin (TTM) against the Financial Services industry group benchmark.

Operating Profit Margin (TTM)

Both Goldman Sachs (GS) at 17.75% and Morgan Stanley (MS) at 18.94% post Operating Profit Margin (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on operating profitability.

GS

Financial Services industry group

17.75%

Max
73.39%
Q3
36.76%
Median
20.24%
Q1
11.35%
Min
-19.92%

MS

Financial Services industry group

18.94%

Max
73.39%
Q3
36.76%
Median
20.24%
Q1
11.35%
Min
-19.92%
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Operating Profit Margin (TTM) against the Financial Services industry group benchmark.

Profitability at a Glance

SymbolGSMS
Return on Equity (TTM)14.56%16.32%
Return on Assets (TTM)0.97%1.27%
Net Profit Margin (TTM)14.13%14.65%
Operating Profit Margin (TTM)17.75%18.94%
Gross Profit Margin (TTM)40.50%55.61%

Financial Strength

Current Ratio (MRQ)

Current Ratio (MRQ) isn’t a meaningful figure for either Goldman Sachs (GS) in Financial Services or Morgan Stanley (MS) in Financial Services under our convention.

GS

Financial Services industry group

0.30

Max
4.77
Q3
2.27
Median
1.19
Q1
0.59
Min
0.00

MS

Financial Services industry group

0.31

Max
4.77
Q3
2.27
Median
1.19
Q1
0.59
Min
0.00
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Current Ratio (MRQ) against the Financial Services industry group benchmark.

Debt-to-Equity Ratio (MRQ)

Debt-to-Equity Ratio (MRQ) isn’t a meaningful figure for either Goldman Sachs (GS) in Financial Services or Morgan Stanley (MS) in Financial Services under our convention.

GS

Financial Services industry group

10.65

Max
8.59
Q3
3.66
Median
1.22
Q1
0.23
Min
0.00

MS

Financial Services industry group

8.41

Max
8.59
Q3
3.66
Median
1.22
Q1
0.23
Min
0.00
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Debt-to-Equity Ratio (MRQ) against the Financial Services industry group benchmark.

Interest Coverage Ratio (TTM)

Interest Coverage Ratio (TTM) isn’t a meaningful figure for either Goldman Sachs (GS) in Financial Services or Morgan Stanley (MS) in Financial Services under our convention.

GS

Financial Services industry group

--

Max
33.37
Q3
20.09
Median
5.74
Q1
1.25
Min
-3.76

MS

Financial Services industry group

1.25

Max
33.37
Q3
20.09
Median
5.74
Q1
1.25
Min
-3.76
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Interest Coverage Ratio (TTM) against the Financial Services industry group benchmark.

Financial Strength at a Glance

SymbolGSMS
Current Ratio (MRQ)0.300.31
Quick Ratio (MRQ)0.300.31
Debt-to-Equity Ratio (MRQ)10.658.41
Interest Coverage Ratio (TTM)--1.25

Growth

Revenue Growth

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

Revenue Growth at a Glance

SymbolGSMS
Revenue Growth (MRQ vs Prior YoY)8.74%13.78%
Revenue Growth (TTM vs Prior YoY)1.28%12.28%
3-Year Revenue CAGR22.11%21.98%
5-Year Revenue CAGR17.29%17.86%

EPS Growth

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

EPS Growth at a Glance

SymbolGSMS
EPS Growth (MRQ vs Prior YoY)25.19%30.98%
EPS Growth (TTM vs Prior YoY)27.69%28.42%
3-Year EPS CAGR19.81%18.05%
5-Year EPS CAGR15.55%9.36%

Dividend

Dividend Yield (TTM)

Both Goldman Sachs (GS) at 2.09% and Morgan Stanley (MS) at 2.20% report Dividend Yield (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on cash yield relative to share price.

GS

Financial Services industry group

2.09%

Max
9.39%
Q3
3.82%
Median
1.44%
Q1
0.00%
Min
0.00%

MS

Financial Services industry group

2.20%

Max
9.39%
Q3
3.82%
Median
1.44%
Q1
0.00%
Min
0.00%
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Dividend Yield (TTM) against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Goldman Sachs (GS) at 31.82% and Morgan Stanley (MS) at 36.91% maintain Dividend Payout Ratio (TTM) around their industries’ median — balanced dividend policy on both sides, returning cash while leaving part of reported earnings available for reinvestment or balance-sheet flexibility.

GS

Financial Services industry group

31.82%

Max
119.94%
Q3
55.73%
Median
23.88%
Q1
0.00%
Min
0.00%

MS

Financial Services industry group

36.91%

Max
119.94%
Q3
55.73%
Median
23.88%
Q1
0.00%
Min
0.00%
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Dividend Payout Ratio (TTM) against the Financial Services industry group benchmark.

Dividend at a Glance

SymbolGSMS
Dividend Yield (TTM)2.09%2.20%
Dividend Payout Ratio (TTM)31.82%36.91%

Valuation

Price-to-Earnings Ratio (TTM)

Both Goldman Sachs (GS) at 15.20 and Morgan Stanley (MS) at 16.74 post Price-to-Earnings Ratio (TTM) near the typical industry midpoint — neither company stands out strongly from peers on trailing earnings multiple.

GS

Financial Services industry group

15.20

Max
54.13
Q3
28.05
Median
16.19
Q1
10.16
Min
1.17

MS

Financial Services industry group

16.74

Max
54.13
Q3
28.05
Median
16.19
Q1
10.16
Min
1.17
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Price-to-Earnings Ratio (TTM) against the Financial Services industry group benchmark.

Price-to-Sales Ratio (TTM)

Both Goldman Sachs (GS) at 2.15 and Morgan Stanley (MS) at 2.45 post Price-to-Sales Ratio (TTM) near the typical industry midpoint — neither company stands out strongly from peers on trailing revenue multiple.

GS

Financial Services industry group

2.15

Max
9.20
Q3
4.55
Median
2.46
Q1
1.35
Min
0.02

MS

Financial Services industry group

2.45

Max
9.20
Q3
4.55
Median
2.46
Q1
1.35
Min
0.02
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Price-to-Sales Ratio (TTM) against the Financial Services industry group benchmark.

Price-to-Book Ratio (MRQ)

Both Goldman Sachs (GS) at 2.03 and Morgan Stanley (MS) at 2.28 post Price-to-Book Ratio (MRQ) near the typical industry midpoint — neither company stands out strongly from peers on book-value multiple.

GS

Financial Services industry group

2.03

Max
9.08
Q3
4.33
Median
2.15
Q1
1.08
Min
0.20

MS

Financial Services industry group

2.28

Max
9.08
Q3
4.33
Median
2.15
Q1
1.08
Min
0.20
Goldman Sachs (GS) vs. Morgan Stanley (MS): A comparison of their Price-to-Book Ratio (MRQ) against the Financial Services industry group benchmark.

Valuation at a Glance

SymbolGSMS
Price-to-Earnings Ratio (TTM)15.2016.74
Price-to-Sales Ratio (TTM)2.152.45
Price-to-Book Ratio (MRQ)2.032.28
Price-to-Free Cash Flow Ratio (TTM)5.1413.79