Morgan Stanley (MS) Return on Invested Capital [ROIC] (2011 - 2025)
Morgan Stanley (MS) recorded Return on Invested Capital [ROIC] of 12.02% in Q2 2026, up 0.02 percentage points from 12.00% a year earlier but down 0.10 percentage points from the prior quarter.
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Analysis
Morgan Stanley (MS) Return on Invested Capital [ROIC] (2011 - 2025) Analysis & Trends
For FY2025, Morgan Stanley reported Return on Invested Capital [ROIC] of 12.86%, up 0.06 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for five straight years, with a five-year change of +8.11 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 12.81% in FY2024 (+1.82 pp), 10.99% in FY2023 (+4.83 pp), 6.16% in FY2022 (+1.26 pp) and 4.90% in FY2021 (+0.14 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 4.67% in Q1 2022 to 12.31% in Q1 2025 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in six of the last eight quarters, with an average year-over-year change of +0.49 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 5.29 percentage points in Q3 2023, against a drop of 0.30 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.12% (Q1 2026), 12.17% (Q4 2025) and 12.11% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Yr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | 16.13% |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | 14.58% |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | - |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 8.44% |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | 12.86% |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | 15.23% |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | 15.04% |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | 2.51% |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 20.05% |
| 10 | Toronto Dominion Bank | 211.21 Bn | -464.66 Bn | - | 3.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 12.86% |
| Dec 31, 2024 | 12.81% |
| Dec 31, 2023 | 10.99% |
| Dec 31, 2022 | 6.16% |
| Dec 31, 2021 | 4.90% |
| Dec 31, 2020 | 4.76% |
| Dec 31, 2019 | 7.09% |
| Dec 31, 2018 | 6.22% |
| Dec 31, 2017 | 3.76% |
| Dec 31, 2016 | 3.40% |
| Dec 31, 2015 | 3.37% |
| Dec 31, 2014 | 2.98% |
| Dec 31, 2013 | 2.87% |
| Dec 31, 2012 | 2.38% |
| Dec 31, 2011 | 0.00% |
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-annual&ticker=MS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]-annual", "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-annual&ticker=MS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();