CME GROUP INC. vs MORGAN STANLEY, two Financial Services stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
CME Group is a toll-taker on derivatives volume, and the margins show it: 63.19% of revenue becomes net income, with no debt on the books and a 5.39% free-cash yield feeding a 2.26% dividend. It trades at 18.86 times earnings and 3.02 times book. Morgan Stanley earns across trading, advisory, and wealth management at a 24.65% net margin, leans on 3.15 debt-to-equity, and returns 15.7% on equity. On price the two nearly rhyme: 18.86 times earnings against 19.21 times, 3.02 times book against 2.90. The exchange keeps a far larger slice of each dollar; the bank makes it up in scale and diversity of desks.
Comparison updated 2026-07-11.
| Metric | CME | MS |
|---|---|---|
| Price | $240.29 | $222.17 |
| Market cap | $87.3B | $350.1B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Growth |
| Implied growth (priced in) | +5.0% | — |
| P/E | 20.5 | 20.1 |
| P/B | 3.28 | 3.03 |
| P/S | 12.91 | 4.76 |
| EV/EBITDA | 18.7 | 811.8 |
| Revenue growth | +7.5% | +14.1% |
| Operating margin | 69.7% | — |
| Net margin | 63.2% | 24.6% |
| Return on equity | 16.0% | 15.7% |
| Return on assets | 2.1% | 1.1% |
| Dividend yield | 2.1% | 1.7% |
| Debt / equity | 0.00 | 3.15 |
| Current ratio | 1.02 | — |
| Altman Z (solvency) | 0.41 | 0.30 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.