Morgan Stanley vs Charles Schwab
Morgan Stanley reported revenue of $70.6 billion in fiscal 2025, 3.0 times Charles Schwab's $23.9 billion in fiscal 2025. Morgan Stanley's revenue grew 14.4% in its latest year, and Charles Schwab's grew 22.0%. Morgan Stanley had a return on equity of 15.6%, against 18.1% at Charles Schwab.
Side by side
| Morgan Stanley | Charles Schwab | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $70.6B | $23.9B |
| Revenue growth | 14.4% | 22.0% |
| Revenue growth a year, last 5 years | 7.7% | 15.4% |
| Net income | $16.9B | $8.9B |
| Return on equity | 15.6% | 18.1% |
| Return on tangible common equity | 19.1% | 39.2% |
| Efficiency ratio | 68.4% | 52.1% |
| Dividends and buybacks | $6.6B | $9.7B |
| Change in diluted share count | −1.2% | −1.4% |
| Last close | $183.49 | $89.73 |
| P/E at the last close | 14.8× | 16.3× |
| Insider trades, last 12 months | sold $68.2 million | bought $1.8 million, sold $334.5 million |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Morgan StanleyCharles Schwab
Return on equity
Percent. Net income over average equity.
Morgan StanleyCharles Schwab
Net income
US$ billions
Morgan StanleyCharles Schwab
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Morgan Stanley and Charles Schwab pages.