MS vs SCHW
Morgan Stanley and Schwab Charles Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | MS | SCHW |
|---|---|---|
| Revenue | $70.6B | $23.9B |
| Net income | $16.9B | $8.9B |
| Gross margin | — | — |
| Net margin | 23.9% | 37.0% |
| Return on equity | 15.6% | 18.1% |
| Diluted EPS | $10.21 | $4.65 |
| Dividend / share | $3.85 | $1.08 |
| Payout ratio | 39.1% | 26.3% |
| Free cash flow | — | $8.8B |
| Equity | $111.6B | $49.4B |
| Net debt / equity | 2.06× | −0.34× |
| Current ratio | — | — |
| Revenue CAGR 5y | 7.7% | 15.4% |
| Profit CAGR 5y | 8.9% | 21.8% |
MS bills 3.0× the revenue of SCHW, and SCHW keeps more of each dollar of revenue as profit (37.0% against 23.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | MS | SCHW |
|---|---|---|
| FY2025 | $70.6B | $23.9B |
| FY2024 | $61.8B | $19.6B |
| FY2023 | $54.1B | $18.8B |
| FY2022 | $53.7B | $20.8B |
| FY2021 | $59.8B | $18.5B |
| FY2020 | $48.8B | $11.7B |
| FY2019 | $41.5B | $10.7B |
| FY2018 | $40.1B | $10.1B |
| FY2017 | $37.9B | $8.6B |
| FY2016 | $34.6B | $7.5B |
Net income by year
Bottom line
| Fiscal year | MS | SCHW |
|---|---|---|
| FY2025 | $16.9B | $8.9B |
| FY2024 | $13.4B | $5.9B |
| FY2023 | $9.1B | $5.1B |
| FY2022 | $11.0B | $7.2B |
| FY2021 | $15.0B | $5.9B |
| FY2020 | $11.0B | $3.3B |
| FY2019 | $9.0B | $3.7B |
| FY2018 | $8.7B | $3.5B |
| FY2017 | $6.1B | $2.4B |
| FY2016 | $6.0B | $1.9B |
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