BMO vs CM
Bank of Montreal and Canadian Imperial Bank of Commerce, side by side — 10 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | BMO | CM |
|---|---|---|
| Revenue | CAD 36.3B | CAD 29.1B |
| Net income | CAD 8.7B | CAD 8.4B |
| Gross margin | · | · |
| Net margin | 24.1% | 29.0% |
| Return on equity | 10.1% | 13.7% |
| Diluted EPS | CAD 11.44 | CAD 8.57 |
| Dividend / share | · | CAD 3.88 |
| Payout ratio | 57.8% | · |
| Free cash flow | · | · |
| Equity | CAD 88.1B | CAD 64.1B |
| Net debt / equity | · | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 7.6% | 9.2% |
| Profit CAGR 5y | 11.3% | 17.3% |
BMO bills 1.2× the revenue of CM, and CM keeps more of each dollar of revenue as profit (29.0% against 24.1%).
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.
10 years side by side
| Fiscal year | BMO | CM |
|---|---|---|
| FY2025 | CAD 36.3B | CAD 29.1B |
| FY2024 | CAD 32.8B | CAD 25.6B |
| FY2023 | CAD 29.3B | CAD 23.3B |
| FY2022 | CAD 33.7B | CAD 21.8B |
| FY2021 | CAD 27.2B | CAD 20.0B |
| FY2020 | CAD 25.2B | CAD 18.7B |
| FY2019 | CAD 25.5B | CAD 18.6B |
| FY2018 | CAD 22.9B | CAD 17.8B |
| FY2017 | CAD 22.1B | CAD 16.3B |
| FY2016 | CAD 21.1B | CAD 15.0B |
Bottom line
| Fiscal year | BMO | CM |
|---|---|---|
| FY2025 | CAD 8.7B | CAD 8.4B |
| FY2024 | CAD 7.3B | CAD 7.1B |
| FY2023 | CAD 4.4B | CAD 5.0B |
| FY2022 | CAD 13.5B | CAD 6.2B |
| FY2021 | CAD 7.8B | CAD 6.4B |
| FY2020 | CAD 5.1B | CAD 3.8B |
| FY2019 | CAD 5.8B | CAD 5.1B |
| FY2018 | CAD 5.5B | CAD 5.3B |
| FY2017 | CAD 5.3B | CAD 4.7B |
| FY2016 | CAD 4.6B | CAD 4.3B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 7,141,000,000 | BMO |
| FY2024 | +CAD 7,189,000,000 | BMO |
| FY2023 | +CAD 5,927,000,000 | BMO |
| FY2022 | +CAD 11,877,000,000 | BMO |
| FY2021 | +CAD 7,171,000,000 | BMO |
| FY2020 | +CAD 6,445,000,000 | BMO |
| FY2019 | +CAD 6,872,000,000 | BMO |
| FY2018 | +CAD 5,071,000,000 | BMO |
| FY2017 | +CAD 5,827,000,000 | BMO |
| FY2016 | +CAD 6,052,000,000 | BMO |
BMO has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.0 pp | CM |
| FY2024 | −5.6 pp | CM |
| FY2023 | −6.4 pp | CM |
| FY2022 | +11.6 pp | BMO |
| FY2021 | −3.7 pp | CM |
| FY2020 | +0.0 pp | BMO |
| FY2019 | −4.9 pp | CM |
| FY2018 | −5.8 pp | CM |
| FY2017 | −4.8 pp | CM |
| FY2016 | −6.6 pp | CM |
The higher net margin has changed hands between BMO and CM over this period.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BMO's net margin has been more volatile than CM's over the 10 comparable fiscal years — 6.2 percentage points of standard deviation against 3.5.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BMO and CM over these 10 fiscal years — BMO led in 2 and CM in 8.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BMO's return on equity has been more volatile than CM's over the 10 comparable fiscal years — 3.7 percentage points of standard deviation against 2.7.
10 of 10 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 BMO and CM over these 10 fiscal years — BMO led in 1 and CM in 9.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.