On trailing earnings, GS is cheaper: GS trades at a 19.41 P/E and MS at 19.46.

Which has grown faster, GS or MS?

Over the past five years, MS grew revenue faster — GS at a 12.83% CAGR versus MS at 17.47%.

Does GS or MS pay a bigger dividend?

GS yields 1.60% and MS yields 1.87% based on trailing dividends and the latest price.

Is GS or MS more profitable?

GS runs the higher net margin — GS at 16.31% versus MS at 15.13%.

Which has been the better investment, GS or MS?

Over the past 10-year, MS delivered the higher annualized total return — GS at 24.15% versus MS at 27.20%. Past performance doesn't predict future results.

The Goldman Sachs Group, Inc. (GS) vs Morgan Stanley (MS)

MS leads on 8 of 14 compared metrics.

A side-by-side comparison of The Goldman Sachs Group, Inc. and Morgan Stanley across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

The Goldman Sachs Group, Inc.

$313.52B

$1062.75Financial Services

Morgan Stanley

$337.60B

$214.04Financial Services

Total return — GS vs MS

growth of $100 · last 27y

GS +1410.0%MS +413.5%GS compounded faster

GS MS

GS vs MS: by the numbers

•MS is the larger company ($337.60B vs $313.52B market cap).
•GS trades at the lower earnings multiple (19.41 vs 19.46 P/E).
•GS converts more revenue to profit (16.31% vs 15.13% net margin).
•MS grew revenue faster over the past five years (17.47% vs 12.83% CAGR).
•MS pays the higher dividend yield (1.87% vs 1.60%).

Which is better, GS or MS?

Metric tally: GS 6 · MS 8

It depends on what you're optimizing for:

GrowthMS(faster 5Y revenue CAGR)

IncomeMS(higher dividend yield)

QualityGS(higher ROIC)

Valuation

Metric	GS	MS
P/E ratio	19.41	19.46
Forward P/E	17.93	18.00
P/S ratio	2.95	2.84●
P/B ratio	2.67●	2.98
PEG ratio	0.61	0.58●
EV / EBITDA	42.90	22.11●

Profitability

Metric	GS	MS
Gross margin	55.55%	57.99%●
Operating margin	20.48%●	19.48%
Net margin	16.31%●	15.13%
ROE	14.72%	15.91%●
ROIC	1.92%●	1.69%

Dividends

Metric	GS	MS
Dividend yield	1.60%	1.87%●
Payout ratio	32.72%	38.68%

Growth (annualized)

Metric	GS	MS
Revenue CAGR (5Y)	12.83%	17.47%●
EPS CAGR (5Y)	15.75%●	9.56%
FCF CAGR (5Y)	1.47%	28.69%●
Total return CAGR (5Y)	25.96%●	22.22%

Frequently asked

Which is better, GS or MS?: It depends on your goal. growth: MS (faster 5Y revenue CAGR); income: MS (higher dividend yield); quality: GS (higher ROIC). Across all compared metrics, MS leads 8 to 6.
Is GS or MS cheaper?: On trailing earnings, GS is cheaper: GS trades at a 19.41 P/E and MS at 19.46.
Which has grown faster, GS or MS?: Over the past five years, MS grew revenue faster — GS at a 12.83% CAGR versus MS at 17.47%.
Does GS or MS pay a bigger dividend?: GS yields 1.60% and MS yields 1.87% based on trailing dividends and the latest price.
Is GS or MS more profitable?: GS runs the higher net margin — GS at 16.31% versus MS at 15.13%.
Which has been the better investment, GS or MS?: Over the past 10-year, MS delivered the higher annualized total return — GS at 24.15% versus MS at 27.20%. Past performance doesn't predict future results.

Go deeper

Full GS analysis Full MS analysis Interactive comparison tool

Dig into the metrics

Goldman Sachs P/E ratio Morgan Stanley P/E ratio Goldman Sachs dividend yield Morgan Stanley dividend yield Goldman Sachs ROE Morgan Stanley ROE Goldman Sachs operating margin Morgan Stanley operating margin Goldman Sachs revenue growth Morgan Stanley revenue growth Goldman Sachs free cash flow Morgan Stanley free cash flow

Goldman Sachs & Morgan Stanley appear in these rankings

Fastest Revenue Growth Stocks Best 10-Year Total Return Stocks Largest Companies by Market Cap

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.