CM vs VBNK
Canadian Imperial Bank of Commerce and VersaBank, side by side — 6 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | CM | VBNK |
|---|---|---|
| Revenue | CAD 29.1B | CAD 124.6M |
| Net income | CAD 8.4B | CAD 28.5M |
| Gross margin | · | · |
| Net margin | 29.0% | 22.8% |
| Return on equity | 13.7% | 6.1% |
| Diluted EPS | CAD 8.57 | · |
| Dividend / share | CAD 3.88 | · |
| Payout ratio | · | 11.4% |
| Free cash flow | · | CAD 43.5M |
| Equity | CAD 64.1B | · |
| Net debt / equity | · | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 9.2% | 18.1% |
| Profit CAGR 5y | 17.3% | 8.0% |
CM bills 233.7× the revenue of VBNK, and keeps more of each dollar of revenue as profit (29.0% against 22.8%).
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.
6 years side by side
| Fiscal year | CM | VBNK |
|---|---|---|
| FY2025 | CAD 29.1B | CAD 124.6M |
| FY2024 | CAD 25.6B | CAD 111.6M |
| FY2023 | CAD 23.3B | CAD 108.6M |
| FY2022 | CAD 21.8B | CAD 82.4M |
| FY2021 | CAD 20.0B | CAD 65.4M |
| FY2020 | CAD 18.7B | CAD 54.2M |
Bottom line
| Fiscal year | CM | VBNK |
|---|---|---|
| FY2025 | CAD 8.4B | CAD 28.5M |
| FY2024 | CAD 7.1B | CAD 39.7M |
| FY2023 | CAD 5.0B | CAD 42.2M |
| FY2022 | CAD 6.2B | CAD 22.7M |
| FY2021 | CAD 6.4B | CAD 22.4M |
| FY2020 | CAD 3.8B | CAD 19.4M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 29,008,359,000 | CM |
| FY2024 | +CAD 25,494,367,000 | CM |
| FY2023 | +CAD 23,223,365,000 | CM |
| FY2022 | +CAD 21,750,608,000 | CM |
| FY2021 | +CAD 19,949,643,000 | CM |
| FY2020 | +CAD 18,686,815,000 | CM |
CM has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +6.2 pp | CM |
| FY2024 | −7.7 pp | VBNK |
| FY2023 | −17.2 pp | VBNK |
| FY2022 | +1.1 pp | CM |
| FY2021 | −2.0 pp | VBNK |
| FY2020 | −15.6 pp | VBNK |
The higher net margin has changed hands between CM and VBNK over this period.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VBNK's net margin has been more volatile than CM's over the 6 comparable fiscal years — 5.5 percentage points of standard deviation against 4.3.
6 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 CM and VBNK over these 6 fiscal years — CM led in 2 and VBNK in 4.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CM's return on equity has been more volatile than VBNK's over the 6 comparable fiscal years — 2.0 percentage points of standard deviation against 2.0.
6 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 CM and VBNK over these 6 fiscal years — CM led in 5 and VBNK in 1.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.