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.
Most recent reported year
| Metric | MFG | MUFG |
|---|---|---|
| Revenue | JPY 8.8T | JPY 11.9T |
| Net income | JPY 1.2T | JPY 1.7T |
| Gross margin | · | · |
| Net margin | 15.1% | 15.9% |
| 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 | 20.2% | 15.0% |
| Profit CAGR 5y | 14.8% | 9.1% |
MUFG bills 1.3× the revenue of MFG, and keeps more of each dollar of revenue as profit (15.9% against 15.1%).
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 | MFG | MUFG |
|---|---|---|
| FY2025 | JPY 8.8T | JPY 11.9T |
| FY2024 | JPY 8.2T | JPY 10.8T |
| FY2023 | JPY 8.5T | JPY 10.0T |
| FY2022 | JPY 4.3T | JPY 6.1T |
| FY2021 | JPY 2.1T | JPY 4.0T |
| FY2020 | JPY 3.5T | JPY 5.9T |
| FY2019 | JPY 3.5T | JPY 5.8T |
| FY2018 | JPY 3.4T | JPY 5.4T |
| FY2017 | JPY 3.4T | JPY 5.2T |
| FY2016 | JPY 2.9T | JPY 4.2T |
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 |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −JPY 3,072,764,000,000 | MUFG |
| FY2024 | −JPY 2,666,209,000,000 | MUFG |
| FY2023 | −JPY 1,522,004,000,000 | MUFG |
| FY2022 | −JPY 1,864,341,000,000 | MUFG |
| FY2021 | −JPY 1,934,700,000,000 | MUFG |
| FY2020 | −JPY 2,411,883,000,000 | MUFG |
| FY2019 | −JPY 2,343,938,000,000 | MUFG |
| FY2018 | −JPY 1,978,823,000,000 | MUFG |
| FY2017 | −JPY 1,827,607,000,000 | MUFG |
| FY2016 | −JPY 1,310,373,000,000 | MUFG |
| FY2015 | −JPY 2,029,328,000,000 | MUFG |
| FY2014 | −JPY 2,480,823,000,000 | MUFG |
| FY2013 | −JPY 1,837,764,000,000 | MUFG |
| FY2012 | −JPY 1,632,630,000,000 | MUFG |
| FY2011 | −JPY 1,509,332,000,000 | MUFG |
| FY2010 | −JPY 1,748,266,000,000 | MUFG |
| FY2009 | −JPY 2,264,177,000,000 | MUFG |
| FY2008 | −JPY 1,234,493,000,000 | MUFG |
MUFG has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.8 pp | MUFG |
| FY2024 | −4.8 pp | MUFG |
| FY2023 | +0.3 pp | MFG |
| FY2022 | −6.0 pp | MUFG |
| FY2021 | −3.7 pp | MUFG |
| FY2020 | +3.7 pp | MFG |
| FY2019 | −2.4 pp | MUFG |
| FY2018 | −11.4 pp | MUFG |
| FY2017 | −6.3 pp | MUFG |
| FY2016 | +9.3 pp | MFG |
| FY2015 | +10.5 pp | MFG |
| FY2014 | −2.3 pp | MUFG |
| FY2013 | −5.0 pp | MUFG |
| FY2012 | +5.9 pp | MFG |
| FY2011 | +15.3 pp | MFG |
| FY2010 | +7.6 pp | MFG |
| FY2009 | +18.4 pp | MFG |
| FY2008 | −2.5 pp | MUFG |
The higher net margin has changed hands between MFG and MUFG over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MFG's net margin has been more volatile than MUFG's over the 18 comparable fiscal years — 16.6 percentage points of standard deviation against 14.0.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MFG and MUFG over these 18 fiscal years — MFG led in 8 and MUFG in 10.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MFG's return on equity has been more volatile than MUFG's over the 18 comparable fiscal years — 33.0 percentage points of standard deviation against 6.8.
18 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 MFG and MUFG over these 18 fiscal years — MFG led in 8 and MUFG in 10.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.