MS FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
MS's fcf yield is higher than 65% of the last 10 years.
FCF Yield History
MS FCF Yield by year
Yearly range of MS’s fcf yield from 2016 to 2026. Over the full period it ranged from -32.9% to 92.3%, averaging 2.5%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | -7.3% | -3.4% | -0.3% | -0.3% |
| 2025 | -19.0% | -7.1% | -0.9% | -6.3% |
| 2024 | -27.1% | -15.7% | -1.0% | -1.0% |
| 2023 | -32.9% | -19.2% | -5.6% | -21.6% |
| 2022 | 3.1% | 8.8% | 21.3% | 3.5% |
| 2021 | -22.1% | -7.9% | 18.1% | 18.1% |
| 2020 | -21.6% | 36.1% | 92.3% | -21.6% |
| 2019 | 7.2% | 27.5% | 51.0% | 47.6% |
| 2018 | -6.6% | 6.4% | 22.3% | 8.1% |
| 2017 | -30.6% | -12.1% | 1.5% | -13.6% |
| 2016 | 22.0% | 28.7% | 45.8% | 22.8% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is MS FCF Yield High or Low Right Now?
Morgan Stanley's FCF Yield is currently -0.3%, which is above average relative to its 10-year historical range. The 10-year median FCF Yield for MS is approximately -1.4%. See all MS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.