WallStSmart

Houlihan Lokey Inc (HLI)vsMorgan Stanley (MS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Morgan Stanley generates 2696% more annual revenue ($73.17B vs $2.62B). MS leads profitability with a 24.7% profit margin vs 16.3%. MS appears more attractively valued with a PEG of 2.57. MS earns a higher WallStSmart Score of 71/100 (B).

HLI

Buy

50

out of 100

Grade: C-

Growth: 4.0Profit: 8.0Value: 4.3Quality: 7.5
Piotroski: 4/9Altman Z: 2.55

MS

Strong Buy

71

out of 100

Grade: B

Growth: 9.3Profit: 7.5Value: 4.3Quality: 4.0
Piotroski: 5/9Altman Z: 0.38

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HLI2 strengths · Avg: 8.5/10
Debt/EquityHealth
0.219/10

Conservative balance sheet, low leverage

Operating MarginProfitability
22.5%8/10

Strong operational efficiency at 22.5%

MS5 strengths · Avg: 9.0/10
Market CapQuality
$343.82B10/10

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

Revenue GrowthGrowth
16.3%8/10

16.3% revenue growth

EPS GrowthGrowth
31.9%8/10

Earnings expanding 31.9% YoY

Areas to Watch

HLI3 concerns · Avg: 2.0/10
PEG RatioValuation
6.542/10

Expensive relative to growth rate

Revenue GrowthGrowth
-4.6%2/10

Revenue declined 4.6%

EPS GrowthGrowth
-16.6%2/10

Earnings declined 16.6%

MS4 concerns · Avg: 1.8/10
PEG RatioValuation
2.572/10

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 : HLI

The strongest argument for HLI centers on Debt/Equity, Operating Margin. Profitability is solid with margins at 16.3% and operating margin at 22.5%.

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 : HLI

The primary concerns for HLI are PEG Ratio, Revenue Growth, EPS Growth.

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

HLI profiles as a declining stock while MS is a growth play — different risk/reward profiles.

MS carries more volatility with a beta of 1.22 — expect wider price swings.

MS is growing revenue faster at 16.3% — sustainability is the question.

HLI generates stronger free cash flow (287M), providing more financial flexibility.

Bottom Line

MS scores higher overall (71/100 vs 50/100), backed by strong 24.7% margins and 16.3% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Houlihan Lokey Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Houlihan Lokey, Inc., an investment banking firm, provides valuation and financial advisory services, capital markets, mergers and acquisitions (M&A) globally. The company is headquartered in Los Angeles, 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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