WallStSmart

BitGo Holdings, Inc. (BTGO)vsMorgan Stanley (MS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Morgan Stanley generates 303% more annual revenue ($73.17B vs $18.15B). MS leads profitability with a 24.7% profit margin vs -0.3%. MS earns a higher WallStSmart Score of 73/100 (B).

BTGO

Hold

35

out of 100

Grade: F

Growth: 6.3Profit: 2.0Value: 5.0Quality: 7.0
Piotroski: 2/9Altman Z: 3.69

MS

Strong Buy

73

out of 100

Grade: B

Growth: 9.3Profit: 7.5Value: 5.7Quality: 4.0
Piotroski: 5/9Altman Z: 0.38

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BTGO4 strengths · Avg: 10.0/10
Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
80.3%10/10

Revenue surging 80.3% year-over-year

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.6910/10

Safe zone — low bankruptcy risk

MS6 strengths · Avg: 8.8/10
Market CapQuality
$305.73B10/10

Mega-cap, among the largest globally

Operating MarginProfitability
40.6%10/10

Strong operational efficiency at 40.6%

Profit MarginProfitability
24.7%9/10

Keeps 25 of every $100 in revenue as profit

P/E RatioValuation
17.5x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
16.3%8/10

16.3% revenue growth

EPS GrowthGrowth
31.9%8/10

Earnings expanding 31.9% YoY

Areas to Watch

BTGO4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$1.03B3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Return on EquityProfitability
-22.2%2/10

ROE of -22.2% — below average capital efficiency

MS4 concerns · Avg: 2.3/10
PEG RatioValuation
2.324/10

Expensive relative to growth rate

Free Cash FlowQuality
$-7.85B2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.382/10

Distress zone — elevated risk

Debt/EquityHealth
3.451/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : BTGO

The strongest argument for BTGO centers on Price/Book, Revenue Growth, Debt/Equity. Revenue growth of 80.3% demonstrates continued momentum.

Bull Case : MS

The strongest argument for MS centers on Market Cap, Operating Margin, Profit Margin. Profitability is solid with margins at 24.7% and operating margin at 40.6%. Revenue growth of 16.3% demonstrates continued momentum.

Bear Case : BTGO

The primary concerns for BTGO are EPS Growth, Market Cap, Piotroski F-Score.

Bear Case : MS

The primary concerns for MS are PEG Ratio, Free Cash Flow, Altman Z-Score. Debt-to-equity of 3.45 is elevated, increasing financial risk.

Key Dynamics to Monitor

BTGO profiles as a hypergrowth stock while MS is a growth play — different risk/reward profiles.

BTGO is growing revenue faster at 80.3% — sustainability is the question.

BTGO generates stronger free cash flow (-36M), providing more financial flexibility.

Monitor CAPITAL MARKETS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MS scores higher overall (73/100 vs 35/100), backed by strong 24.7% margins and 16.3% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

BitGo Holdings, Inc.

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Bitgo Holdings, Inc. is a digital asset infrastructure company that allows institutional clients to secure, manage, utilize, and create digital assets through its technology platform. The company is headquartered in Palo Alto, California.

Morgan Stanley

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City.

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