JPM vs WFC
JPMorgan Chase & Co. and Wells Fargo & Company, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | JPM | WFC |
|---|---|---|
| Revenue | $182.4B | $83.7B |
| Net income | $57.0B | $21.3B |
| Gross margin | · | · |
| Net margin | 31.3% | 25.5% |
| Return on equity | 16.1% | 11.8% |
| Diluted EPS | $20.02 | $6.26 |
| Dividend / share | $5.80 | $1.70 |
| Payout ratio | 29.1% | 25.5% |
| Free cash flow | · | · |
| Equity | $362.4B | $181.1B |
| Net debt / equity | 0.43× | 0.11× |
| Current ratio | · | · |
| Revenue CAGR 5y | 8.7% | 2.4% |
| Profit CAGR 5y | 14.4% | 44.6% |
JPM bills 2.2× the revenue of WFC, and keeps more of each dollar of revenue as profit (31.3% against 25.5%).
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 | JPM | WFC |
|---|---|---|
| FY2025 | $182.4B | $83.7B |
| FY2024 | $177.6B | $82.3B |
| FY2023 | $158.1B | $82.6B |
| FY2022 | $128.7B | $74.4B |
| FY2021 | $121.6B | $79.2B |
| FY2020 | $120.0B | $74.3B |
| FY2019 | $115.7B | $86.8B |
| FY2018 | $108.8B | $86.4B |
| FY2017 | $100.7B | $88.4B |
| FY2016 | $96.6B | $88.3B |
Bottom line
| Fiscal year | JPM | WFC |
|---|---|---|
| FY2025 | $57.0B | $21.3B |
| FY2024 | $58.5B | $19.7B |
| FY2023 | $49.6B | $19.1B |
| FY2022 | $37.7B | $13.7B |
| FY2021 | $48.3B | $22.1B |
| FY2020 | $29.1B | $3.4B |
| FY2019 | $36.4B | $19.7B |
| FY2018 | $32.5B | $22.4B |
| FY2017 | $24.4B | $22.2B |
| FY2016 | $24.7B | $21.9B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$98,748,000,000 | JPM |
| FY2024 | +$95,260,000,000 | JPM |
| FY2023 | +$75,507,000,000 | JPM |
| FY2022 | +$54,327,000,000 | JPM |
| FY2021 | +$42,483,000,000 | JPM |
| FY2020 | +$45,687,000,000 | JPM |
| FY2019 | +$28,888,000,000 | JPM |
| FY2018 | +$22,375,000,000 | JPM |
| FY2017 | +$12,316,000,000 | JPM |
| FY2016 | +$8,302,000,000 | JPM |
JPM has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.8 pp | JPM |
| FY2024 | +9.0 pp | JPM |
| FY2023 | +8.3 pp | JPM |
| FY2022 | +11.3 pp | JPM |
| FY2021 | +9.7 pp | JPM |
| FY2020 | +19.4 pp | JPM |
| FY2019 | +8.4 pp | JPM |
| FY2018 | +3.4 pp | JPM |
| FY2017 | −0.8 pp | WFC |
| FY2016 | +0.8 pp | JPM |
The higher net margin has changed hands between JPM and WFC over this period.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WFC's net margin has been more volatile than JPM's over the 10 comparable fiscal years — 6.5 percentage points of standard deviation against 4.4.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between JPM and WFC over these 10 fiscal years — JPM led in 9 and WFC in 1.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
JPM's return on equity has been more volatile than WFC's over the 19 comparable fiscal years — 3.4 percentage points of standard deviation against 3.3.
19 of 19 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 JPM and WFC over these 19 fiscal years — JPM led in 9 and WFC in 10.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.