AMP vs MS
Ameriprise Financial Inc. and Morgan Stanley, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AMP | MS |
|---|---|---|
| Revenue | $18.9B | $70.6B |
| Net income | $3.6B | $16.9B |
| Gross margin | · | · |
| Net margin | 18.8% | 24.1% |
| Return on equity | 60.5% | 15.6% |
| Diluted EPS | $36.28 | $10.21 |
| Dividend / share | · | $3.85 |
| Payout ratio | 16.7% | 39.1% |
| Free cash flow | $8.2B | · |
| Equity | $6.5B | $111.6B |
| Net debt / equity | · | 2.06× |
| Current ratio | · | · |
| Revenue CAGR 5y | 9.6% | 7.7% |
| Profit CAGR 5y | 18.4% | 8.9% |
MS bills 3.7× the revenue of AMP, and keeps more of each dollar of revenue as profit (24.1% against 18.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AMP | MS |
|---|---|---|
| FY2025 | $18.9B | $70.6B |
| FY2024 | $17.9B | $61.8B |
| FY2023 | $16.1B | $54.1B |
| FY2022 | $14.3B | $53.7B |
| FY2021 | $13.4B | $59.8B |
| FY2020 | $12.0B | $48.8B |
| FY2019 | $13.1B | $41.5B |
| FY2018 | $12.9B | $40.1B |
| FY2017 | $12.2B | $37.9B |
| FY2016 | $11.8B | $34.6B |
Bottom line
| Fiscal year | AMP | MS |
|---|---|---|
| FY2025 | $3.6B | $16.9B |
| FY2024 | $3.4B | $13.4B |
| FY2023 | $2.6B | $9.1B |
| FY2022 | $3.1B | $11.0B |
| FY2021 | $3.4B | $15.0B |
| FY2020 | $1.5B | $11.0B |
| FY2019 | $1.9B | $9.0B |
| FY2018 | $2.1B | $8.7B |
| FY2017 | $1.5B | $6.1B |
| FY2016 | $1.3B | $6.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$51,734,000,000 | MS |
| FY2024 | −$43,835,000,000 | MS |
| FY2023 | −$38,047,000,000 | MS |
| FY2022 | −$39,334,000,000 | MS |
| FY2021 | −$46,366,000,000 | MS |
| FY2020 | −$36,799,000,000 | MS |
| FY2019 | −$28,435,000,000 | MS |
| FY2018 | −$27,183,000,000 | MS |
| FY2017 | −$25,765,000,000 | MS |
| FY2016 | −$22,792,000,000 | MS |
| FY2015 | −$22,955,000,000 | MS |
| FY2014 | −$21,979,000,000 | MS |
| FY2013 | −$21,263,000,000 | MS |
| FY2012 | −$15,919,000,000 | MS |
| FY2011 | −$21,988,000,000 | MS |
| FY2010 | −$21,648,000,000 | MS |
| FY2009 | −$15,742,000,000 | MS |
| FY2008 | −$15,043,000,000 | MS |
| FY2007 | −$17,723,000,000 | MS |
MS has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.3 pp | MS |
| FY2024 | −2.9 pp | MS |
| FY2023 | −1.2 pp | MS |
| FY2022 | +1.1 pp | AMP |
| FY2021 | −4.7 pp | MS |
| FY2020 | −10.1 pp | MS |
| FY2019 | −7.8 pp | MS |
| FY2018 | −5.9 pp | MS |
| FY2017 | −4.2 pp | MS |
| FY2016 | −6.6 pp | MS |
| FY2015 | −4.0 pp | MS |
| FY2014 | +5.6 pp | AMP |
| FY2013 | +2.0 pp | AMP |
| FY2012 | +6.0 pp | AMP |
| FY2011 | −4.5 pp | MS |
| FY2010 | −6.2 pp | MS |
| FY2009 | +3.7 pp | AMP |
| FY2008 | −9.3 pp | MS |
| FY2007 | −3.1 pp | MS |
The higher net margin has changed hands between AMP and MS over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MS's net margin has been more volatile than AMP's over the 19 comparable fiscal years — 6.3 percentage points of standard deviation against 5.1.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AMP and MS over these 19 fiscal years — AMP led in 5 and MS in 14.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AMP's return on equity has been more volatile than MS's over the 18 comparable fiscal years — 22.7 percentage points of standard deviation against 4.0.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AMP and MS over these 18 fiscal years — AMP led in 17 and MS in 1.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.