--- title: "Morgan Stanley: Competitors" description: "Morgan Stanley compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how peers are chosen." canonical: https://www.getswoopr.com/stocks/companies/morgan-stanley/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Morgan Stanley: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies Morgan Stanley under SIC code 6211 (Security Brokers, Dealers & Flotation Companies). Among Swoopr's S&P 500 Equal Weight companies, 16 others share that classification; by latest reported revenue, Morgan Stanley ranks 1 of 17. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does Morgan Stanley Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | **Morgan Stanley (MS)** | $70.6 billion FY2025 | 14.4% | n/a | 23.9% | | [Galaxy Digital Inc. (GLXY)](https://www.getswoopr.com/stocks/companies/galaxy-digital-inc/) | $60.4 billion FY2025 | 41.8% | n/a | -0.4% | | [Goldman Sachs (GS)](https://www.getswoopr.com/stocks/companies/goldman-sachs/) | $58.3 billion FY2025 | 8.9% | n/a | 29.5% | | [BlackRock (BLK)](https://www.getswoopr.com/stocks/companies/blackrock/) | $24.2 billion FY2025 | 89.3% | 29.1% | 22.9% | | [Raymond James Financial (RJF)](https://www.getswoopr.com/stocks/companies/raymond-james-financial/) | $15.9 billion FY2025 | 6.6% | n/a | 13.4% | | [Jefferies Financial Group Inc. (JEF)](https://www.getswoopr.com/stocks/companies/jefferies-financial-group-inc/) | $10.8 billion FY2025 | 2.9% | n/a | 6.3% | | [Stifel Financial Corporation (SF)](https://www.getswoopr.com/stocks/companies/stifel-financial-corporation/) | $6.3 billion FY2025 | 6.7% | n/a | 10.2% | | [Robinhood Markets (HOOD)](https://www.getswoopr.com/stocks/companies/robinhood-markets/) | $4.5 billion FY2025 | 51.6% | n/a | 42.1% | | [Interactive Brokers (IBKR)](https://www.getswoopr.com/stocks/companies/interactive-brokers/) | $2.4 billion FY2025 | 23.4% | n/a | 178.6% | | [SEI Investments Company (SEIC)](https://www.getswoopr.com/stocks/companies/sei-investments-company/) | $2.3 billion FY2025 | 8.1% | 27.3% | 31.1% | | [Piper Sandler Companies (PIPR)](https://www.getswoopr.com/stocks/companies/piper-sandler-companies/) | $1.9 billion FY2025 | 24.3% | n/a | 14.8% | | [Oppenheimer Holdings Inc. (OPY)](https://www.getswoopr.com/stocks/companies/oppenheimer-holdings-inc/) | $1.6 billion FY2025 | 14.4% | 12.9% | 9.1% | | [Miami International Holdings Inc. (MIAX)](https://www.getswoopr.com/stocks/companies/miami-international-holdings-inc/) | $1.4 billion FY2025 | 19.6% | 6.7% | -5.1% | | [Webull Corporation (BULL)](https://www.getswoopr.com/stocks/companies/webull-corporation/) | $571 million FY2025 | 46.3% | n/a | 4.3% | | [Cohen & Company Inc. (COHN)](https://www.getswoopr.com/stocks/companies/cohen-and-company-inc/) | $276 million FY2025 | 246.2% | 21.6% | 5.2% | | [Dominari Holdings Inc. (DOMH)](https://www.getswoopr.com/stocks/companies/dominari-holdings-inc/) | $123 million FY2025 | 487.0% | -45.3% | -18.2% | | [Siebert Financial Corp. (SIEB)](https://www.getswoopr.com/stocks/companies/siebert-financial-corp/) | $94 million FY2025 | 12.3% | 5.9% | 5.4% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ## How Does Morgan Stanley Rank Among All SEC Filers in Its Industry Code? 17 companies with annual reports in Swoopr's SEC dataset share SIC code 6211 (Security Brokers, Dealers & Flotation Companies), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | Morgan Stanley | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $70.6 billion | $2.4 billion | 1 of 17 | | Revenue growth | 14.4% | 19.6% | 10 of 17 | | Net margin | 23.9% | 10.2% | 5 of 17 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value Morgan Stanley reported in its own SEC filings, read from the SEC's XBRL data (accession 0000895421-26-000086 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are Morgan Stanley's competitors? Companies sharing Morgan Stanley's SEC classification (SIC code 6211 (Security Brokers, Dealers & Flotation Companies)) include Galaxy Digital Inc. (GLXY), Goldman Sachs (GS), BlackRock (BLK), Raymond James Financial (RJF), Jefferies Financial Group Inc. (JEF). Its 10-K names the competitors it considers most relevant. ### How does Morgan Stanley compare with its peers on margins? A margin comparison needs reported operating income for Morgan Stanley and its peers; where either is missing, Swoopr leaves the comparison out. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does Morgan Stanley rank among all companies in its SEC industry? Among 17 SEC filers under SIC code 6211, Morgan Stanley ranks 1 by latest revenue. ## References - [SEC EDGAR: MORGAN STANLEY Form 10-K filed February 19, 2026](https://www.sec.gov/Archives/edgar/data/895421/000089542126000086/ms-20251231.htm) - [SEC EDGAR: MORGAN STANLEY annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=895421&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Morgan Stanley company dossier](https://www.getswoopr.com/stocks/companies/morgan-stanley/) - [Morgan Stanley financial metrics](https://www.getswoopr.com/stocks/companies/morgan-stanley/metrics/) - [Morgan Stanley financial risk indicators](https://www.getswoopr.com/stocks/companies/morgan-stanley/risks/) - [Morgan Stanley peer comparison](https://www.getswoopr.com/stocks/companies/morgan-stanley/competitors/) - [Morgan Stanley business model and revenue mix](https://www.getswoopr.com/stocks/companies/morgan-stanley/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).