BMO vs TD
Bank of Montreal and Toronto Dominion Bank, side by side — 10 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | BMO | TD |
|---|---|---|
| Revenue | CAD 36.3B | CAD 67.8B |
| Net income | CAD 8.7B | CAD 20.5B |
| Gross margin | · | · |
| Net margin | 24.1% | 30.3% |
| Return on equity | 10.1% | 16.9% |
| Diluted EPS | CAD 11.44 | CAD 11.56 |
| Dividend / share | · | CAD 4.20 |
| Payout ratio | 57.8% | 37.3% |
| Free cash flow | · | · |
| Equity | CAD 88.1B | · |
| Net debt / equity | · | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 7.6% | 9.2% |
| Profit CAGR 5y | 11.3% | 11.5% |
TD bills 1.9× the revenue of BMO, and keeps more of each dollar of revenue as profit (30.3% 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 | TD |
|---|---|---|
| FY2025 | CAD 36.3B | CAD 67.8B |
| FY2024 | CAD 32.8B | CAD 57.2B |
| FY2023 | CAD 29.3B | CAD 50.7B |
| FY2022 | CAD 33.7B | CAD 49.0B |
| FY2021 | CAD 27.2B | CAD 42.7B |
| FY2020 | CAD 25.2B | CAD 43.6B |
| FY2019 | CAD 25.5B | CAD 41.1B |
| FY2018 | CAD 22.9B | CAD 38.9B |
| FY2017 | CAD 22.1B | CAD 36.2B |
| FY2016 | CAD 21.1B | CAD 34.3B |
Bottom line
| Fiscal year | BMO | TD |
|---|---|---|
| FY2025 | CAD 8.7B | CAD 20.5B |
| FY2024 | CAD 7.3B | CAD 8.8B |
| FY2023 | CAD 4.4B | CAD 10.6B |
| FY2022 | CAD 13.5B | CAD 17.4B |
| FY2021 | CAD 7.8B | CAD 14.3B |
| FY2020 | CAD 5.1B | CAD 11.9B |
| FY2019 | CAD 5.8B | CAD 11.7B |
| FY2018 | CAD 5.5B | CAD 11.3B |
| FY2017 | CAD 5.3B | CAD 10.5B |
| FY2016 | CAD 4.6B | CAD 8.9B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 31,503,000,000 | TD |
| FY2024 | −CAD 24,428,000,000 | TD |
| FY2023 | −CAD 21,431,000,000 | TD |
| FY2022 | −CAD 15,322,000,000 | TD |
| FY2021 | −CAD 15,507,000,000 | TD |
| FY2020 | −CAD 18,460,000,000 | TD |
| FY2019 | −CAD 15,582,000,000 | TD |
| FY2018 | −CAD 15,987,000,000 | TD |
| FY2017 | −CAD 14,095,000,000 | TD |
| FY2016 | −CAD 13,228,000,000 | TD |
TD 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 | −6.2 pp | TD |
| FY2024 | +6.9 pp | BMO |
| FY2023 | −5.8 pp | TD |
| FY2022 | +4.6 pp | BMO |
| FY2021 | −5.0 pp | TD |
| FY2020 | −7.0 pp | TD |
| FY2019 | −5.9 pp | TD |
| FY2018 | −5.3 pp | TD |
| FY2017 | −4.9 pp | TD |
| FY2016 | −4.1 pp | TD |
The higher net margin has changed hands between BMO and TD 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 TD's over the 10 comparable fiscal years — 6.2 percentage points of standard deviation against 5.5.
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 TD over these 10 fiscal years — BMO led in 2 and TD 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 TD'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 TD over these 10 fiscal years — BMO led in 2 and TD in 8.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.