MFG vs MUFG
Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc., side by side — 10 fiscal years reported in JPY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | MFG | MUFG |
|---|---|---|
| Revenue | JPY 1.4T | JPY 2.4T |
| Net income | JPY 1.2T | JPY 1.7T |
| Gross margin | — | — |
| Net margin | 96.4% | 77.8% |
| Return on equity | 11.1% | 9.1% |
| Diluted EPS | JPY 466.09 | JPY 151.09 |
| Dividend / share | JPY 145.00 | JPY 74.00 |
| Payout ratio | 31.8% | 49.0% |
| Free cash flow | JPY -2.1T | JPY -3.7T |
| Equity | JPY 10.9T | JPY 19.6T |
| Net debt / equity | −3.58× | −2.84× |
| Current ratio | — | — |
| Revenue CAGR 5y | 8.6% | 9.7% |
| Profit CAGR 5y | 14.8% | 9.1% |
MUFG bills 1.8× the revenue of MFG, and MFG keeps more of each dollar of revenue as profit (96.4% against 77.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
10 years side by side
| Fiscal year | MFG | MUFG |
|---|---|---|
| FY2025 | JPY 1.4T | JPY 2.4T |
| FY2024 | JPY 1.2T | JPY 2.2T |
| FY2023 | JPY 1.1T | JPY 1.9T |
| FY2022 | JPY 984.3B | JPY 1.7T |
| FY2021 | JPY 980.0B | JPY 1.7T |
| FY2020 | JPY 912.7B | JPY 1.5T |
| FY2019 | JPY 867.9B | JPY 1.5T |
| FY2018 | JPY 853.3B | JPY 1.4T |
| FY2017 | JPY 865.7B | JPY 1.5T |
| FY2016 | JPY 826.0B | JPY 1.4T |
Net income by year
Bottom line
| Fiscal year | MFG | MUFG |
|---|---|---|
| FY2025 | JPY 1.2T | JPY 1.7T |
| FY2024 | JPY 593.4B | JPY 1.3T |
| FY2023 | JPY 912.5B | JPY 1.3T |
| FY2022 | JPY -14.0B | JPY 381.8B |
| FY2021 | JPY -104.7B | JPY -83.3B |
| FY2020 | JPY 581.8B | JPY 1.1T |
| FY2019 | JPY 150.2B | JPY 306.0B |
| FY2018 | JPY 84.5B | JPY 718.6B |
| FY2017 | JPY 577.6B | JPY 1.2T |
| FY2016 | JPY 362.4B | JPY 202.7B |
The companies