MFC vs SLF
Manulife Financial Corp. and SUN Life Financial Inc., side by side — 10 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | MFC | SLF |
|---|---|---|
| Revenue | CAD 8.1B | CAD 41.9B |
| Net income | CAD 5.6B | CAD 3.6B |
| Gross margin | · | · |
| Net margin | 74.5% | 9.0% |
| Return on equity | 11.0% | 14.2% |
| Diluted EPS | CAD 3.07 | CAD 6.15 |
| Dividend / share | CAD 1.76 | CAD 3.52 |
| Payout ratio | · | 58.1% |
| Free cash flow | · | CAD 2.7B |
| Equity | CAD 50.1B | CAD 24.5B |
| Net debt / equity | −0.38× | −0.06× |
| Current ratio | · | · |
| Revenue CAGR 5y | −36.5% | −0.7% |
| Profit CAGR 5y | −1.0% | 7.3% |
SLF bills 5.2× the revenue of MFC, and MFC keeps more of each dollar of revenue as profit (74.5% against 9.0%).
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 | MFC | SLF |
|---|---|---|
| FY2025 | CAD 8.1B | CAD 41.9B |
| FY2024 | CAD 7.6B | CAD 38.8B |
| FY2023 | CAD 6.7B | CAD 40.9B |
| FY2022 | CAD 6.2B | CAD 5.8B |
| FY2021 | CAD 61.8B | CAD 35.7B |
| FY2020 | CAD 78.9B | CAD 43.3B |
| FY2019 | CAD 79.6B | CAD 39.7B |
| FY2018 | CAD 39.0B | CAD 27.0B |
| FY2017 | CAD 58.3B | CAD 29.3B |
| FY2016 | CAD 53.3B | CAD 28.6B |
Bottom line
| Fiscal year | MFC | SLF |
|---|---|---|
| FY2025 | CAD 5.6B | CAD 3.6B |
| FY2024 | CAD 5.4B | CAD 3.1B |
| FY2023 | CAD 5.1B | CAD 3.2B |
| FY2022 | CAD -1.9B | CAD 2.9B |
| FY2021 | CAD 7.1B | CAD 4.0B |
| FY2020 | CAD 5.9B | CAD 2.5B |
| FY2019 | CAD 5.6B | CAD 2.7B |
| FY2018 | CAD 4.8B | CAD 2.6B |
| FY2017 | CAD 2.1B | CAD 2.2B |
| FY2016 | CAD 2.9B | CAD 2.6B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 33,771,000,000 | SLF |
| FY2024 | −CAD 31,208,000,000 | SLF |
| FY2023 | −CAD 34,197,000,000 | SLF |
| FY2022 | +CAD 417,000,000 | MFC |
| FY2021 | +CAD 26,133,000,000 | MFC |
| FY2020 | +CAD 35,571,000,000 | MFC |
| FY2019 | +CAD 39,891,000,000 | MFC |
| FY2018 | +CAD 11,975,000,000 | MFC |
| FY2017 | +CAD 28,989,000,000 | MFC |
| FY2016 | +CAD 24,764,000,000 | MFC |
The higher-revenue side has changed between MFC and SLF over this period. 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 | +65.5 pp | MFC |
| FY2024 | +69.0 pp | MFC |
| FY2023 | +74.6 pp | MFC |
| FY2022 | −85.4 pp | SLF |
| FY2021 | −1.1 pp | SLF |
| FY2020 | +0.6 pp | MFC |
| FY2019 | −0.5 pp | SLF |
| FY2018 | +1.7 pp | MFC |
| FY2017 | −4.6 pp | SLF |
| FY2016 | −4.0 pp | SLF |
The higher net margin has changed hands between MFC and SLF over this period.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MFC's net margin has been more volatile than SLF's over the 10 comparable fiscal years — 36.9 percentage points of standard deviation against 13.4.
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 MFC and SLF over these 10 fiscal years — MFC led in 5 and SLF in 5.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MFC's return on equity has been more volatile than SLF's over the 10 comparable fiscal years — 5.0 percentage points of standard deviation against 2.0.
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 MFC and SLF over these 10 fiscal years — MFC led in 2 and SLF in 8.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.