BMO vs RY
Bank of Montreal and Royal Bank of Canada, side by side — 9 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | BMO | RY |
|---|---|---|
| Revenue | CAD 36.3B | CAD 66.6B |
| Net income | CAD 8.7B | CAD 20.4B |
| Gross margin | · | · |
| Net margin | 24.1% | 30.6% |
| Return on equity | 10.1% | 15.3% |
| Diluted EPS | CAD 11.44 | CAD 14.07 |
| Dividend / share | · | · |
| Payout ratio | 57.8% | 41.8% |
| Free cash flow | · | · |
| Equity | CAD 88.1B | CAD 139.1B |
| Net debt / equity | · | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 7.6% | 7.1% |
| Profit CAGR 5y | 11.3% | 12.2% |
RY bills 1.8× the revenue of BMO, and keeps more of each dollar of revenue as profit (30.6% 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.
9 years side by side
| Fiscal year | BMO | RY |
|---|---|---|
| FY2025 | CAD 36.3B | CAD 66.6B |
| FY2024 | CAD 32.8B | CAD 57.3B |
| FY2023 | CAD 29.3B | CAD 51.5B |
| FY2022 | CAD 33.7B | CAD 49.0B |
| FY2021 | CAD 27.2B | CAD 49.7B |
| FY2020 | CAD 25.2B | CAD 47.2B |
| FY2019 | CAD 25.5B | CAD 46.0B |
| FY2018 | CAD 22.9B | CAD 42.6B |
| FY2017 | CAD 22.1B | CAD 40.7B |
Bottom line
| Fiscal year | BMO | RY |
|---|---|---|
| FY2025 | CAD 8.7B | CAD 20.4B |
| FY2024 | CAD 7.3B | CAD 16.2B |
| FY2023 | CAD 4.4B | CAD 14.6B |
| FY2022 | CAD 13.5B | CAD 15.8B |
| FY2021 | CAD 7.8B | CAD 16.0B |
| FY2020 | CAD 5.1B | CAD 11.4B |
| FY2019 | CAD 5.8B | CAD 12.9B |
| FY2018 | CAD 5.5B | CAD 12.4B |
| FY2017 | CAD 5.3B | CAD 11.4B |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 30,331,000,000 | RY |
| FY2024 | −CAD 24,549,000,000 | RY |
| FY2023 | −CAD 22,205,000,000 | RY |
| FY2022 | −CAD 15,275,000,000 | RY |
| FY2021 | −CAD 22,507,000,000 | RY |
| FY2020 | −CAD 21,995,000,000 | RY |
| FY2019 | −CAD 20,519,000,000 | RY |
| FY2018 | −CAD 19,671,000,000 | RY |
| FY2017 | −CAD 18,562,000,000 | RY |
RY has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.5 pp | RY |
| FY2024 | −6.0 pp | RY |
| FY2023 | −13.2 pp | RY |
| FY2022 | +7.9 pp | BMO |
| FY2021 | −3.8 pp | RY |
| FY2020 | −4.0 pp | RY |
| FY2019 | −5.4 pp | RY |
| FY2018 | −5.4 pp | RY |
| FY2017 | −4.1 pp | RY |
The higher net margin has changed hands between BMO and RY over this period.
9 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 RY's over the 9 comparable fiscal years — 6.5 percentage points of standard deviation against 2.3.
9 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 RY over these 9 fiscal years — BMO led in 1 and RY in 8.
9 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 RY's over the 9 comparable fiscal years — 3.9 percentage points of standard deviation against 1.4.
9 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 RY over these 9 fiscal years — BMO led in 1 and RY in 8.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.