Morgan Stanley (MS) Return on Invested Capital [ROIC] (2011 - 2026)
Morgan Stanley (MS) recorded Return on Invested Capital [ROIC] of 42.00% in Q2 2026, up 3.13 percentage points from 38.87% a year earlier but down 0.23 percentage points from the prior quarter.
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Analysis
Morgan Stanley (MS) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Morgan Stanley reported Return on Invested Capital [ROIC] of 42.13%, up 1.63 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for five straight years, with a five-year change of +29.04 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 40.50% in FY2024 (+5.71 pp), 34.79% in FY2023 (+16.29 pp), 18.50% in FY2022 (+4.78 pp) and 13.72% in FY2021 (+0.63 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 13.44% in Q3 2021 to 42.23% in Q1 2026 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for 19 consecutive quarters, with an average year-over-year change of +2.91 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 17.90 percentage points in Q3 2023, against a drop of 0.99 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 42.23% (Q1 2026), 41.27% (Q4 2025) and 40.22% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.74 Bn | 913.21 Bn | - | 32.13% |
| 2 | Banco Santander Chile | 410.69 Bn | 530.63 Bn | - | - |
| 3 | Bank Of America | 379.32 Bn | -1,996.74 Bn | - | 25.16% |
| 4 | Hsbc Holdings | 332.10 Bn | 332.15 Bn | - | - |
| 5 | Morgan Stanley | 298.98 Bn | -210.11 Bn | - | 42.00% |
| 6 | Mitsubishi Ufj Financial | 272.72 Bn | -1,315.77 Bn | 10.89 Bn | 6.24% |
| 7 | Royal Bank Of Canada | 272.70 Bn | 123.45 Bn | - | 11.34% |
| 8 | Goldman Sachs | 260.43 Bn | -3,296.69 Bn | - | 14.05% |
| 9 | Wells Fargo & Company | 246.67 Bn | 248.80 Bn | - | 27.68% |
| 10 | American Express | 205.23 Bn | -2.95 Bn | - | 49.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.00% |
| Mar 31, 2026 | 42.23% |
| Dec 31, 2025 | 41.27% |
| Sep 30, 2025 | 40.22% |
| Jun 30, 2025 | 38.87% |
| Mar 31, 2025 | 38.66% |
| Dec 31, 2024 | 38.85% |
| Sep 30, 2024 | 38.31% |
| Jun 30, 2024 | 37.77% |
| Mar 31, 2024 | 36.48% |
| Dec 31, 2023 | 34.72% |
| Sep 30, 2023 | 33.43% |
| Jun 30, 2023 | 28.85% |
| Mar 31, 2023 | 23.55% |
| Dec 31, 2022 | 19.08% |
| Sep 30, 2022 | 15.53% |
| Jun 30, 2022 | 13.94% |
| Mar 31, 2022 | 13.72% |
| Dec 31, 2021 | 13.82% |
| Sep 30, 2021 | 13.44% |
API Access
Morgan Stanley Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "MS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();