GS vs MS
Goldman Sachs (GS) and Morgan Stanley (MS) compared side by side. Morgan Stanley (MS) is larger, with a market cap of $280.9B versus $255.0B for Goldman Sachs, about 1.1 times the size. On trailing earnings, GS is cheaper at 12.6x versus 14.2x for MS.
Head to head
| Metric | GS | MS |
|---|---|---|
| Market cap | $255.0B | $280.9B |
| P/E (TTM) | 12.6x | 14.2x |
| Forward P/E | 11.8x | 13.2x |
| Revenue (TTM) | $71.0B | $79.8B |
| Revenue growth | 23.3% | 10.8% |
| Gross margin | 81.3% | 87.3% |
| Operating margin | 38.2% | 39.9% |
| Free cash flow | -$41.5B | -$18.6B |
| Dividend yield | 2.28% | 2.56% |
| 1-year return | +18.9% | +15.2% |
| 5-year return (annual) | +19.0% | +15.6% |
| Max drawdown | -79% | -88% |
| FI Handbook grade | B+ | C+ |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
GS vs MS FAQ
Which is bigger, GS or MS?
Morgan Stanley (MS) is larger, with a market cap of $280.9B versus $255.0B for Goldman Sachs, about 1.1 times the size.
Is GS or MS cheaper?
On trailing earnings, GS is cheaper at 12.6x versus 14.2x for MS. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, GS or MS?
GS returned +18.9% over the past year including dividends, versus +15.2% for MS, through October 23, 2026.
Which pays a higher dividend, GS or MS?
MS yields 2.56% versus 2.28% for GS.
Full pages: Goldman Sachs · Morgan Stanley