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Side-by-side financial comparison of Morgan Stanley (MS) and GRUPO TELEVISA, S.A.B. (TV). Click either name above to swap in a different company.

Morgan Stanley is the larger business by last-quarter revenue ($17.9B vs $14.5B, roughly 1.2× GRUPO TELEVISA, S.A.B.). Morgan Stanley runs the higher net margin — 24.6% vs -51.8%, a 76.4% gap on every dollar of revenue.

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked No. 30 in the Forbes Global 2000.

"Grupo Televisa, S.A.B.", simply known as "Televisa", is a Mexican telecommunications and broadcasting company and the largest in Latin America A major Latin American mass media corporation, it often presents itself as the largest producer of Spanish-language content.

MS vs TV — Head-to-Head

Bigger by revenue
MS
MS
1.2× larger
MS
$17.9B
$14.5B
TV
Higher net margin
MS
MS
76.4% more per $
MS
24.6%
-51.8%
TV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MS
MS
TV
TV
Revenue
$17.9B
$14.5B
Net Profit
$4.4B
$-7.5B
Gross Margin
38.8%
Operating Margin
32.2%
10.0%
Net Margin
24.6%
-51.8%
Revenue YoY
Net Profit YoY
EPS (diluted)
$2.68

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MS
MS
TV
TV
Q4 25
$17.9B
$14.5B
Q3 25
$18.2B
$14.6B
Q2 25
$16.8B
$14.7B
Q1 25
$17.7B
Q3 24
$15.4B
Q2 24
$15.0B
Q1 24
$15.1B
Net Profit
MS
MS
TV
TV
Q4 25
$4.4B
$-7.5B
Q3 25
$4.6B
Q2 25
$3.5B
$552.5M
Q1 25
$4.3B
Q3 24
$3.2B
Q2 24
$3.1B
Q1 24
$3.4B
Gross Margin
MS
MS
TV
TV
Q4 25
38.8%
Q3 25
36.7%
Q2 25
38.8%
Q1 25
Q3 24
Q2 24
Q1 24
Operating Margin
MS
MS
TV
TV
Q4 25
32.2%
10.0%
Q3 25
33.1%
6.3%
Q2 25
27.5%
6.5%
Q1 25
31.3%
Q3 24
27.4%
Q2 24
27.1%
Q1 24
29.0%
Net Margin
MS
MS
TV
TV
Q4 25
24.6%
-51.8%
Q3 25
25.3%
Q2 25
21.1%
3.8%
Q1 25
24.3%
Q3 24
20.7%
Q2 24
20.5%
Q1 24
22.5%
EPS (diluted)
MS
MS
TV
TV
Q4 25
$2.68
Q3 25
$2.80
Q2 25
$2.13
Q1 25
$2.60
Q3 24
$1.88
Q2 24
$1.82
Q1 24
$2.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MS
MS
TV
TV
Cash + ST InvestmentsLiquidity on hand
$111.7B
Total DebtLower is stronger
$341.7B
Stockholders' EquityBook value
$111.6B
Total Assets
$1420.3B
Debt / EquityLower = less leverage
3.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MS
MS
TV
TV
Q4 25
$111.7B
Q3 25
$103.7B
Q2 25
$109.1B
Q1 25
$90.7B
Q3 24
$91.1B
Q2 24
$90.2B
Q1 24
$102.3B
Total Debt
MS
MS
TV
TV
Q4 25
$341.7B
Q3 25
$324.1B
Q2 25
$320.1B
Q1 25
$297.0B
Q3 24
$291.2B
Q2 24
$269.9B
Q1 24
$266.1B
Stockholders' Equity
MS
MS
TV
TV
Q4 25
$111.6B
Q3 25
$110.0B
Q2 25
$108.2B
Q1 25
$106.8B
Q3 24
$103.6B
Q2 24
$100.7B
Q1 24
$99.2B
Total Assets
MS
MS
TV
TV
Q4 25
$1420.3B
Q3 25
$1364.8B
Q2 25
$1353.9B
Q1 25
$1300.3B
Q3 24
$1258.0B
Q2 24
$1212.4B
Q1 24
$1228.5B
Debt / Equity
MS
MS
TV
TV
Q4 25
3.06×
Q3 25
2.95×
Q2 25
2.96×
Q1 25
2.78×
Q3 24
2.81×
Q2 24
2.68×
Q1 24
2.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MS
MS
TV
TV
Operating Cash FlowLast quarter
$-2.4B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MS
MS
TV
TV
Q4 25
$-2.4B
Q3 25
$-3.3B
Q2 25
$11.8B
Q1 25
$-24.0B
Q3 24
Q2 24
Q1 24
$4.4B
Cash Conversion
MS
MS
TV
TV
Q4 25
-0.55×
Q3 25
-0.72×
Q2 25
3.34×
Q1 25
-5.56×
Q3 24
Q2 24
Q1 24
1.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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