What is MS-PL's earnings per share (EPS)?

MS-PL (MS-PL) reported diluted earnings per share of $10.21 for fiscal year 2025. This represents a 28.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MS-PL Financials

MS-PL

FY2025 annual

Revenue $70.6B +14.4% YoY

Net Income $16.9B +25.9% YoY

EPS (Diluted) $10.21 +28.4% YoY

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

MS-PL (MS-PL) reported $70.6B in revenue for fiscal year 2025, up 14.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MS-PL FY2025 2026-04-22

A larger balance sheet is lifting earnings, but operating cash conversion remains volatile and funding-dependent.

In FY2025, net income was $16.9B while operating cash flow was -$17.9B, creating a clear gap between reported profit and cash movement. At the same time, financing inflows were $67.8B and long-term debt reached $341.7B, suggesting liquidity was being supported through balance-sheet funding rather than internal cash release.

With assets at $1.4T and ROA at only 1.2%, this is a thin-return business spread across a very large asset base. That is why a ROE of 15.1% can coexist with debt-to-equity of 3.1x: shareholder returns are being amplified by leverage rather than by unusually rich returns on assets.

From FY2023 to FY2025, net margin improved from 16.8% to 23.9% even though SG&A kept rising, which points to better expense absorption or mix rather than a simple revenue bounce. The useful operating clue is that overhead did not swallow the recovery, so more of each added revenue dollar reached net income.

Financial Health Signals

Financial health score not available

MS-PL does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/7

MS-PL passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

$1.06used

For every $1 of reported earnings, MS-PL used $1.06 of operating cash (-$17.9B OCF vs $16.9B net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Revenue

$70.6B

YoY+14.4%

5Y CAGR+7.7%

10Y CAGR+7.2%

MS-PL generated $70.6B in revenue in fiscal year 2025. This represents an increase of 14.4% from the prior year.

Net Income

$16.9B

YoY+25.9%

5Y CAGR+8.9%

10Y CAGR+10.7%

MS-PL reported $16.9B in net income in fiscal year 2025. This represents an increase of 25.9% from the prior year.

EPS (Diluted)

$10.21

YoY+28.4%

5Y CAGR+9.6%

10Y CAGR+13.4%

MS-PL earned $10.21 per diluted share (EPS) in fiscal year 2025. This represents an increase of 28.4% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$111.7B

YoY+6.0%

5Y CAGR+1.1%

10Y CAGR+2.7%

MS-PL held $111.7B in cash against $341.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$3.85

YoY+8.5%

5Y CAGR+22.4%

10Y CAGR+21.5%

MS-PL paid $3.85 per share in dividends in fiscal year 2025. This represents an increase of 8.5% from the prior year.

Shares Outstanding

1.59B

YoY-1.5%

5Y CAGR-2.6%

10Y CAGR-2.1%

MS-PL had 1.59B shares outstanding in fiscal year 2025. This represents a decrease of 1.5% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

23.9%

YoY+2.2pp

5Y CAGR+1.3pp

10Y CAGR+6.4pp

MS-PL's net profit margin was 23.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.2 percentage points from the prior year.

Return on Equity

15.1%

YoY+2.3pp

5Y CAGR+4.3pp

10Y CAGR+6.9pp

MS-PL's ROE was 15.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

MS-PL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MS-PL annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$78.0B	$70.6B+14.4%	$61.8B+14.1%	$54.1B+0.9%	$53.7B-10.2%	$59.8B+22.6%	$48.8B+17.4%	$41.5B+3.6%	$40.1B+5.7%	$37.9B+9.6%	$34.6B-1.5%	$35.2B+2.6%	$34.3B+5.5%	$32.5B+24.1%	$26.2B-18.8%	$32.2B
SG&A Expenses	$31.2B	$29.2B+11.6%	$26.2B+6.6%	$24.6B+6.5%	$23.1B-6.4%	$24.6B+18.1%	$20.9B+10.7%	$18.8B+6.8%	$17.6B+2.7%	$17.2B+8.1%	$15.9B-0.9%	$16.0B-10.1%	$17.8B+9.5%	$16.3B+4.2%	$15.6B-4.3%	$16.3B
Interest Expense	$50.8B	$49.0B+7.7%	$45.5B+8.3%	$42.1B+242.8%	$12.3B+798.1%	$1.4B-64.5%	$3.8B-69.0%	$12.4B+23.0%	$10.1B+77.0%	$5.7B+71.7%	$3.3B+21.0%	$2.7B-25.4%	$3.7B-17.0%	$4.4B-24.9%	$5.9B-14.3%	$6.9B
Income Tax	$5.8B	$4.9B+21.2%	$4.1B+57.5%	$2.6B-11.2%	$2.9B-36.0%	$4.5B+40.4%	$3.2B+56.9%	$2.1B-12.2%	$2.4B-43.6%	$4.2B+52.9%	$2.7B+23.9%	$2.2B+2544.4%	-$90.0M-110.0%	$902.0M+660.2%	-$161.0M-111.4%	$1.4B
Net Income	$20.2B	$16.9B+25.9%	$13.4B+47.4%	$9.1B-17.6%	$11.0B-26.6%	$15.0B+36.7%	$11.0B+21.6%	$9.0B+3.4%	$8.7B+43.2%	$6.1B+2.2%	$6.0B-2.4%	$6.1B+76.7%	$3.5B+18.2%	$2.9B+4211.8%	$68.0M-98.3%	$4.1B
EPS (Diluted)	—	$10.21+28.4%	$7.95+53.5%	$5.18-15.8%	$6.15-23.4%	$8.03+24.3%	$6.46+24.5%	$5.19+9.7%	$4.73+54.1%	$3.07+5.1%	$2.92+0.7%	$2.90+81.2%	$1.60+17.6%	$1.36+6900.0%	-$0.02-101.6%	$1.23

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$21.3B+3.7%	$20.6B+15.0%	$17.9B-1.8%	$18.2B+8.5%	$16.8B-5.3%	$17.7B+9.3%	$16.2B+5.5%	$15.4B
SG&A Expenses	$8.2B-4.2%	$8.5B+20.9%	$7.1B-5.1%	$7.4B+3.5%	$7.2B-4.4%	$7.5B+19.6%	$6.3B-6.6%	$6.7B
Interest Expense	$13.1B+4.4%	$12.6B+3.9%	$12.1B-6.7%	$13.0B+3.2%	$12.6B+10.2%	$11.4B+4.2%	$10.9B-8.8%	$12.0B
Income Tax	$1.7B+23.5%	$1.4B+2.8%	$1.3B-2.7%	$1.4B+31.1%	$1.0B-10.7%	$1.2B-0.8%	$1.2B+18.8%	$995.0M
Net Income	$5.6B+0.3%	$5.6B+26.6%	$4.4B-4.6%	$4.6B+30.3%	$3.5B-18.0%	$4.3B+16.2%	$3.7B+16.5%	$3.2B
EPS (Diluted)	$3.46+0.9%	$3.43	N/A	$2.80+31.5%	$2.13-18.1%	$2.60	N/A	$1.88

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

MS-PL Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MS-PL annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$1.4T+16.9%	$1.2T+1.8%	$1.2T+1.1%	$1.2T-0.7%	$1.2T+6.5%	$1.1T+24.6%	$895.4B+4.9%	$853.5B+0.2%	$851.7B+4.5%	$814.9B+3.5%	$787.5B-1.8%	$801.5B-3.7%	$832.7B+6.6%	$781.0B+4.1%	$749.9B
Cash & Equivalents	$111.7B+6.0%	$105.4B+18.1%	$89.2B-30.4%	$128.1B+0.3%	$127.7B+20.9%	$105.7B+28.6%	$82.2B-5.8%	$87.2B+8.5%	$80.4B+3.9%	$77.4B-9.6%	$85.6B-2.3%	$87.6B+46.3%	$59.9B+27.7%	$46.9B-0.9%	$47.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$46.2B+36.0%	$34.0B
Goodwill	$16.7B+0.1%	$16.7B0.0%	$16.7B+0.3%	$16.7B-1.1%	$16.8B+44.7%	$11.6B+62.9%	$7.1B+6.8%	$6.7B+1.4%	$6.6B+0.3%	$6.6B-0.1%	$6.6B-0.1%	$6.6B-0.1%	$6.6B-0.8%	$6.7B-0.5%	$6.7B
Total Liabilities	$1.3T+17.8%	$1.1T+1.5%	$1.1T+1.4%	$1.1T-0.2%	$1.1T+6.8%	$1.0T+24.6%	$812.7B+5.3%	$772.1B-0.1%	$773.3B+4.8%	$737.8B+3.7%	$711.3B-2.5%	$729.4B-4.5%	$763.7B+7.4%	$711.2B+4.6%	$679.8B
Long-Term Debt	$341.7B+20.2%	$284.3B+9.1%	$260.5B+11.4%	$233.9B+2.9%	$227.4B+6.5%	$213.4B+12.3%	$190.1B+1.0%	$188.1B-1.5%	$191.1B+16.0%	$164.8B+7.2%	$153.8B+0.7%	$152.8B-0.5%	$153.6B-9.4%	$169.6B-8.0%	$184.2B
Total Equity	$111.6B+6.8%	$104.5B+5.5%	$99.0B-1.1%	$100.1B-5.0%	$105.4B+3.6%	$101.8B+24.8%	$81.5B+1.6%	$80.2B+3.7%	$77.4B+1.8%	$76.0B+1.2%	$75.2B+6.0%	$70.9B+7.6%	$65.9B+6.1%	$62.1B+0.1%	$62.0B
Retained Earnings	$115.1B+9.6%	$105.0B+7.1%	$98.0B+3.3%	$94.9B+6.1%	$89.4B+13.6%	$78.7B+11.5%	$70.6B+10.0%	$64.2B+11.5%	$57.6B+7.3%	$53.7B+9.1%	$49.2B+10.3%	$44.6B+5.8%	$42.2B+5.7%	$39.9B-1.1%	$40.3B

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$1.7T+5.9%	$1.6T+11.3%	$1.4T+4.1%	$1.4T+0.8%	$1.4T+4.1%	$1.3T+7.0%	$1.2T-3.4%	$1.3T
Cash & Equivalents	$160.1B+19.9%	$133.5B+19.5%	$111.7B+7.7%	$103.7B-4.9%	$109.1B+20.3%	$90.7B-13.9%	$105.4B+15.7%	$91.1B
Goodwill	$17.1B0.0%	$17.1B+2.3%	$16.7B0.0%	$16.7B-0.1%	$16.7B+0.1%	$16.7B0.0%	$16.7B-0.2%	$16.7B
Total Liabilities	$1.6T+6.2%	$1.5T+12.1%	$1.3T+4.3%	$1.3T+0.7%	$1.2T+4.4%	$1.2T+7.5%	$1.1T-3.8%	$1.2T
Long-Term Debt	$383.2B+5.5%	$363.0B+6.2%	$341.7B+5.4%	$324.1B+1.2%	$320.1B+7.8%	$297.0B+4.5%	$284.3B-2.4%	$291.2B
Total Equity	$116.3B+1.8%	$114.3B+2.4%	$111.6B+1.5%	$110.0B+1.6%	$108.2B+1.3%	$106.8B+2.2%	$104.5B+0.8%	$103.6B
Retained Earnings	$122.8B+3.2%	$118.9B+3.3%	$115.1B+2.4%	$112.4B+2.6%	$109.6B+1.8%	$107.7B+2.5%	$105.0B+2.0%	$102.9B

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.

MS-PL Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MS-PL annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	-$15.6B	-$17.9B-1413.4%	$1.4B+104.1%	-$33.5B-424.2%	-$6.4B-118.8%	$34.0B+234.6%	-$25.2B-161.9%	$40.8B+458.2%	$7.3B+262.2%	-$4.5B-183.7%	$5.4B+220.6%	-$4.5B-511.0%	$1.1B-96.9%	$35.0B+42.6%	$24.5B+54.5%	$15.9B
Investing Cash Flow	-$37.9B	-$46.8B-58.8%	-$29.5B-855.3%	-$3.1B+73.5%	-$11.6B+76.7%	-$49.9B-31.7%	-$37.9B-12.9%	-$33.6B-46.7%	-$22.9B-84.7%	-$12.4B+36.5%	-$19.5B+2.4%	-$20.0B	N/A	N/A	-$12.4B-10.4%	-$11.2B
Financing Cash Flow	$106.6B	$67.8B+44.9%	$46.8B+1815.2%	-$2.7B-112.0%	$22.7B-45.3%	$41.5B-50.4%	$83.8B+800.2%	-$12.0B-149.4%	$24.2B+48.9%	$16.3B+120.8%	$7.4B-69.5%	$24.2B	N/A	N/A	-$11.9B-131.1%	-$5.1B
Dividends Paid	$6.8B	$6.6B+7.4%	$6.1B+6.5%	$5.8B+6.7%	$5.4B+29.5%	$4.2B+52.3%	$2.7B+4.3%	$2.6B+10.6%	$2.4B+13.9%	$2.1B+19.4%	$1.7B+20.0%	$1.5B+61.0%	$904.0M+90.3%	$475.0M+1.3%	$469.0M-43.8%	$834.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$691.0M+204.4%	$227.0M-28.4%	$317.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$2.7B+61.3%	-$7.1B-194.5%	-$2.4B+27.7%	-$3.3B-128.2%	$11.8B+149.3%	-$24.0B-303.2%	$11.8B+168.1%	-$17.3B
Investing Cash Flow	-$7.2B-9.2%	-$6.6B+50.7%	-$13.4B-25.5%	-$10.7B+39.6%	-$17.7B-251.1%	-$5.0B+50.4%	-$10.2B-51.6%	-$6.7B
Financing Cash Flow	$37.1B+1.6%	$36.5B+52.1%	$24.0B+164.1%	$9.1B-58.1%	$21.7B+66.1%	$13.0B-14.5%	$15.3B-33.8%	$23.0B
Dividends Paid	$1.7B-1.8%	$1.7B+1.2%	$1.7B-1.0%	$1.7B+7.6%	$1.6B-2.0%	$1.6B+2.0%	$1.6B-0.3%	$1.6B

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

MS-PL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

MS-PL annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Net Margin	23.9%+2.2pp	21.7%+4.9pp	16.8%-3.8pp	20.5%-4.6pp	25.2%+2.6pp	22.6%+0.8pp	21.8%0.0pp	21.8%+5.7pp	16.1%-1.2pp	17.3%-0.2pp	17.4%+7.3pp	10.1%+1.1pp	9.0%+8.8pp	0.3%-12.5pp	12.8%
Return on Equity	15.1%+2.3pp	12.8%+3.6pp	9.2%-1.8pp	11.0%-3.3pp	14.3%+3.5pp	10.8%-0.3pp	11.1%+0.2pp	10.9%+3.0pp	7.9%0.0pp	7.9%-0.3pp	8.2%+3.3pp	4.9%+0.4pp	4.5%+4.3pp	0.1%-6.5pp	6.6%
Return on Assets	1.2%+0.1pp	1.1%+0.3pp	0.8%-0.2pp	0.9%-0.3pp	1.3%+0.3pp	1.0%0.0pp	1.0%0.0pp	1.0%+0.3pp	0.7%0.0pp	0.7%0.0pp	0.8%+0.3pp	0.4%+0.1pp	0.4%+0.3pp	0.0%-0.5pp	0.5%
Debt-to-Equity	3.06+0.3x	2.72+0.1x	2.63+0.3x	2.34+0.2x	2.16+0.1x	2.10-0.2x	2.330.0x	2.34-0.1x	2.47+0.3x	2.17+0.1x	2.05-0.1x	2.15-0.2x	2.33-0.4x	2.73-0.2x	2.97

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Net Margin	26.1%-0.9pp	27.1%+2.5pp	24.6%-0.7pp	25.3%+4.2pp	21.1%-3.2pp	24.3%+1.4pp	22.9%+2.2pp	20.7%
Return on Equity	4.8%-0.1pp	4.9%+0.9pp	3.9%-0.3pp	4.2%+0.9pp	3.3%-0.8pp	4.0%+0.5pp	3.5%+0.5pp	3.1%
Return on Assets	0.3%0.0pp	0.4%0.0pp	0.3%0.0pp	0.3%+0.1pp	0.3%-0.1pp	0.3%0.0pp	0.3%+0.1pp	0.3%
Debt-to-Equity	3.29+0.1x	3.18+0.1x	3.06+0.1x	2.950.0x	2.96+0.2x	2.78+0.1x	2.72-0.1x	2.81

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Where MS-PL Ranks

Frequently Asked Questions

What is MS-PL's annual revenue?

MS-PL (MS-PL) reported $70.6B in total revenue for fiscal year 2025. This represents a 14.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MS-PL's revenue growing?

MS-PL (MS-PL) revenue grew by 14.4% year-over-year, from $61.8B to $70.6B in fiscal year 2025.

Is MS-PL profitable?

Yes, MS-PL (MS-PL) reported a net income of $16.9B in fiscal year 2025, with a net profit margin of 23.9%.

How much debt does MS-PL have?

As of fiscal year 2025, MS-PL (MS-PL) had $111.7B in cash and equivalents against $341.7B in long-term debt.

What is MS-PL's net profit margin?

MS-PL (MS-PL) had a net profit margin of 23.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does MS-PL pay dividends?

Yes, MS-PL (MS-PL) paid $3.85 per share in dividends during fiscal year 2025.

What is MS-PL's return on equity (ROE)?

MS-PL (MS-PL) has a return on equity of 15.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is MS-PL's operating cash flow?

MS-PL (MS-PL) recorded an outflow of $17.9B in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are MS-PL's total assets?

MS-PL (MS-PL) had $1.4T in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does MS-PL have outstanding?

MS-PL (MS-PL) had 1.59B shares outstanding as of fiscal year 2025.

What is MS-PL's debt-to-equity ratio?

MS-PL (MS-PL) had a debt-to-equity ratio of 3.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is MS-PL's return on assets (ROA)?

MS-PL (MS-PL) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is MS-PL's cash runway?

Based on fiscal year 2025 data, MS-PL (MS-PL) had $111.7B in cash against an annual operating cash burn of $17.9B. This gives an estimated cash runway of approximately 75 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is MS-PL's Piotroski F-Score?

MS-PL (MS-PL) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MS-PL's earnings high quality?

For every $1 of reported earnings, MS-PL (MS-PL) used $1.06 of operating cash (-$17.9B OCF vs $16.9B net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.