Stocks Comparison
Jefferies Financial vs Morgan Stanley: revenue, profit, margins and growth compared
Jefferies Financial brought in $10.8B of revenue in fiscal 2025, Morgan Stanley $70.6B in fiscal 2025. Revenue changed by +2.9% at Jefferies Financial and +14.4% at Morgan Stanley on the year before, so Morgan Stanley grew faster. Jefferies Financial kept 5.8% of its revenue as net profit, Morgan Stanley 23.9%.
Side by side, latest fiscal year
| JEF | MS | |
|---|---|---|
| Fiscal year ended | FY2025 (November 30, 2025) | FY2025 (December 31, 2025) |
| Revenue | $10.8B | $70.6B |
| Revenue growth | +2.9% | +14.4% |
| Net income | $630.8M | $16.9B |
| Net margin | 5.8% | 23.9% |
| Free cash flow | -$1.7B | n/a |
| Free cash flow margin | -15.7% | n/a |
| Earnings per share (diluted) | $2.83 | $10.21 |
| Cash | $14B | $111.7B |
| Debt | $15.9B | $341.7B |
| Price to earnings | 16.9 | 19.2 |
| Market value | $9.2B | $308.3B |
| Dividend yield | 3.36% | 1.96% |
| Rank by revenue in sector | #60 of 444 · Finance | #9 of 444 · Finance |
Over the years
Questions about Jefferies Financial and Morgan Stanley
Which is bigger by revenue, Jefferies Financial or Morgan Stanley?
Morgan Stanley is bigger by revenue: $70.6B in fiscal 2025, against $10.8B for Jefferies Financial in fiscal 2025.
Which keeps more of its revenue as profit, Jefferies Financial or Morgan Stanley?
Jefferies Financial had a net margin of 5.8% in fiscal 2025; Morgan Stanley had 23.9% in fiscal 2025.
Which grew revenue faster, Jefferies Financial or Morgan Stanley?
In their latest fiscal years revenue changed by +2.9% at Jefferies Financial and +14.4% at Morgan Stanley.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.