MS Dividend: Morgan Stanley Yield Insights

Breakdown	TTM	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Revenue	116,835	107,285	96,194	65,936	61,121	52,606
Revenue Growth (YoY)	11%	12%	46%	8%	16%	-2%
Cost of Revenue	52,588	49,664	45,527	15,726	4,707	6,778
Gross Profit	64,247	57,621	50,667	50,210	56,414	45,828
Selling, General & Admin	38,629	36,037	33,831	32,250	33,048	27,517
Research & Development	--	--	--	--	--	--
Operating Expenses	43,147	40,025	37,966	36,121	36,746	31,410
Other Non Operating Income (Expenses)	--	--	--	--	--	--
Pretax Income	21,100	17,596	11,813	14,089	19,668	14,418
Income Tax Expense	4,775	4,067	2,583	2,910	4,548	3,239
Net Income	15,563	12,800	8,530	10,540	14,566	10,500
Net Income Growth	47%	50%	-19%	-28%	39%	23%
Shares Outstanding (Diluted)	1,590	1,611	1,646	1,713	1,814	1,624
Shares Change (YoY)	-1%	-2%	-4%	-6%	12%	-1%
EPS (Diluted)	9.78	7.95	5.18	6.15	8.03	6.47
EPS Growth	49%	53%	-16%	-23%	24%	25%
Free Cash Flow	-6,747	-2,100	-36,948	-9,475	31,663	-26,675
Free Cash Flow Per Share	-4.24	-1.3	-22.44	-5.53	17.45	-16.42
Gross Margin	54.98%	53.7%	52.67%	76.14%	92.29%	87.11%
Operating Margin	18.05%	16.4%	13.2%	21.36%	32.17%	27.4%
Profit Margin	13.32%	11.93%	8.86%	15.98%	23.83%	19.95%
Free Cash Flow Margin	-5.77%	-1.95%	-38.4%	-14.36%	51.8%	-50.7%
EBITDA	26,265	22,757	16,957	18,087	23,884	18,187
EBITDA Margin	22.48%	21.21%	17.62%	27.43%	39.07%	34.57%
D&A For EBITDA	5,165	5,161	4,256	3,998	4,216	3,769
EBIT	21,100	17,596	12,701	14,089	19,668	14,418
EBIT Margin	18.05%	16.4%	13.2%	21.36%	32.17%	27.4%
Effective Tax Rate	22.63%	23.11%	21.86%	20.65%	23.12%	22.46%

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