BCS vs NWG
Barclays PLC and NatWest Group PLC, side by side — 8 fiscal years reported in GBP, drawn from SEC filings.
Most recent reported year
| Metric | BCS | NWG |
|---|---|---|
| Revenue | £11.1B | £30.2B |
| Net income | £7.2B | £5.8B |
| Gross margin | · | · |
| Net margin | 64.9% | 19.3% |
| Return on equity | 9.6% | 14.2% |
| Diluted EPS | £0.42 | £0.67 |
| Dividend / share | · | · |
| Payout ratio | · | 40.7% |
| Free cash flow | · | £6.4B |
| Equity | £77.8B | £42.6B |
| Net debt / equity | · | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 5.4% | 17.6% |
| Profit CAGR 5y | 24.7% | · |
NWG bills 2.7× the revenue of BCS, and BCS keeps more of each dollar of revenue as profit (64.9% against 19.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | BCS | NWG |
|---|---|---|
| FY2025 | £11.1B | £30.2B |
| FY2024 | £10.7B | £29.3B |
| FY2023 | £10.0B | £25.4B |
| FY2022 | £9.5B | £16.6B |
| FY2021 | £9.8B | £12.7B |
| FY2020 | £8.5B | £13.4B |
| FY2019 | £9.0B | £18.2B |
| FY2018 | £8.8B | £16.7B |
Bottom line
| Fiscal year | BCS | NWG |
|---|---|---|
| FY2025 | £7.2B | £5.8B |
| FY2024 | £6.3B | £4.8B |
| FY2023 | £5.3B | £4.6B |
| FY2022 | £5.9B | £3.6B |
| FY2021 | £7.0B | £3.3B |
| FY2020 | £2.4B | £-434.0M |
| FY2019 | £3.3B | £3.8B |
| FY2018 | £2.3B | £2.2B |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −£19,133,000,000 | NWG |
| FY2024 | −£18,613,000,000 | NWG |
| FY2023 | −£15,400,000,000 | NWG |
| FY2022 | −£7,080,000,000 | NWG |
| FY2021 | −£2,943,000,000 | NWG |
| FY2020 | −£4,925,000,000 | NWG |
| FY2019 | −£9,157,000,000 | NWG |
| FY2018 | −£7,881,000,000 | NWG |
NWG has reported the higher revenue in every one of these 8 fiscal years. The gap has widened since the earliest year compared.
8 of 11 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +45.6 pp | BCS |
| FY2024 | +42.9 pp | BCS |
| FY2023 | +35.1 pp | BCS |
| FY2022 | +41.2 pp | BCS |
| FY2021 | +46.2 pp | BCS |
| FY2020 | +32.1 pp | BCS |
| FY2019 | +16.3 pp | BCS |
| FY2018 | +16.5 pp | BCS |
BCS has kept the higher net margin in every one of these 8 fiscal years.
8 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BCS's net margin has been more volatile than NWG's over the 8 comparable fiscal years — 15.8 percentage points of standard deviation against 8.3.
8 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BCS led in net margin in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NWG's return on equity has been more volatile than BCS's over the 11 comparable fiscal years — 7.1 percentage points of standard deviation against 3.8.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BCS and NWG over these 11 fiscal years — BCS led in 4 and NWG in 7.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.