LYG vs NWG
Lloyds Banking Group PLC and NatWest Group PLC, side by side — 10 fiscal years reported in GBP, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | LYG | NWG |
|---|---|---|
| Revenue | £19.4B | £30.2B |
| Net income | £4.7B | £5.8B |
| Gross margin | — | — |
| Net margin | 24.0% | 19.3% |
| Return on equity | 10.0% | 14.2% |
| Diluted EPS | £0.07 | £0.67 |
| Dividend / share | £0.03 | — |
| Payout ratio | 42.9% | 40.7% |
| Free cash flow | £630.0M | £6.4B |
| Equity | £47.7B | £42.6B |
| Net debt / equity | — | — |
| Current ratio | — | — |
| Revenue CAGR 5y | −7.8% | 17.6% |
| Profit CAGR 5y | 28.7% | — |
NWG bills 1.6× the revenue of LYG, and LYG keeps more of each dollar of revenue as profit (24.0% against 19.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | LYG | NWG |
|---|---|---|
| FY2025 | £19.4B | £30.2B |
| FY2024 | £18.0B | £29.3B |
| FY2023 | £18.6B | £25.4B |
| FY2022 | £-5.3B | £16.6B |
| FY2021 | £39.0B | £12.7B |
| FY2020 | £29.2B | £13.4B |
| FY2019 | £42.4B | £18.2B |
| FY2018 | £22.1B | £16.7B |
| FY2017 | £34.2B | £16.1B |
| FY2016 | £39.6B | £15.9B |
Net income by year
Bottom line
| Fiscal year | LYG | NWG |
|---|---|---|
| FY2025 | £4.7B | £5.8B |
| FY2024 | £4.4B | £4.8B |
| FY2023 | £5.5B | £4.6B |
| FY2022 | £3.8B | £3.6B |
| FY2021 | £5.8B | £3.3B |
| FY2020 | £1.3B | £-434.0M |
| FY2019 | £2.9B | £3.8B |
| FY2018 | £4.4B | £2.2B |
| FY2017 | £3.9B | £1.5B |
| FY2016 | £2.1B | £-5.2B |
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