Head-to-head · free
Goldman Sachs vs Morgan Stanley
GS vs MS — return on capital, cash generation, margins and balance sheet side by side.
GS
1 / 2
measures where GS leads
MS
1 / 2
measures where MS leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | GS · FY2025 | MS · FY2025 |
|---|---|---|
| Revenue | $125.1B | — |
| Net income | $17.2B | $16.9B |
| Revenue growth (yearly, multi-year) | 17.8% | — |
| Free cash flow | (47.2B) | — |
| Free cash flow margin | -37.7% | — |
| Net cash / (debt) | (445.3B) | — |
| ROIC | — | — |
| Return on equity | 14.9% | 16.5% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net debt / EBITDA | — | — |
Figures are as reported by each company; latest fiscal year shown.
Where Goldman Sachs's cash went (FY2025)
- Capital spending
- $2.1B
- Buybacks
- $12.4B
- Dividends
- $5.3B
- Acquisitions
- $1.5B
- Net debt issued / (repaid)
- $19.0B
Where Morgan Stanley's cash went (FY2025)
- Capital spending
- —
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
Compare them free