PNC vs USB
PNC Financial Services Group, Inc. and US Bancorp \de\, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | PNC | USB |
|---|---|---|
| Revenue | $23.1B | $28.7B |
| Net income | $7.0B | $7.6B |
| Gross margin | · | · |
| Net margin | 30.3% | 26.5% |
| Return on equity | 12.2% | 12.2% |
| Diluted EPS | $16.59 | $4.62 |
| Dividend / share | $6.60 | $2.04 |
| Payout ratio | 37.7% | 41.8% |
| Free cash flow | · | · |
| Equity | $60.6B | $65.2B |
| Net debt / equity | 0.29× | 0.48× |
| Current ratio | · | · |
| Revenue CAGR 5y | 6.4% | · |
| Profit CAGR 5y | −1.5% | 8.8% |
USB bills 1.2× the revenue of PNC, and PNC keeps more of each dollar of revenue as profit (30.3% against 26.5%).
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 | PNC | USB |
|---|---|---|
| FY2025 | $23.1B | $28.7B |
| FY2024 | $21.6B | $27.5B |
| FY2023 | $21.5B | $28.1B |
| FY2022 | $21.1B | $24.3B |
| FY2018 | $16.2B | $22.6B |
| FY2017 | $16.3B | $21.9B |
| FY2016 | $15.2B | $21.3B |
| FY2015 | $15.2B | $20.3B |
| FY2014 | $15.4B | $20.2B |
| FY2013 | $16.0B | $19.6B |
Bottom line
| Fiscal year | PNC | USB |
|---|---|---|
| FY2025 | $7.0B | $7.6B |
| FY2024 | $6.0B | $6.3B |
| FY2023 | $5.6B | $5.4B |
| FY2022 | $6.1B | $5.8B |
| FY2018 | $5.3B | $7.1B |
| FY2017 | $5.4B | $6.2B |
| FY2016 | $4.0B | $5.9B |
| FY2015 | $4.1B | $5.9B |
| FY2014 | $4.2B | $5.9B |
| FY2013 | $4.2B | $5.8B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$5,557,000,000 | USB |
| FY2024 | −$5,900,000,000 | USB |
| FY2023 | −$6,654,000,000 | USB |
| FY2022 | −$3,182,000,000 | USB |
| FY2018 | −$6,447,000,000 | USB |
| FY2017 | −$5,573,000,000 | USB |
| FY2016 | −$6,146,000,000 | USB |
| FY2015 | −$5,081,000,000 | USB |
| FY2014 | −$4,786,000,000 | USB |
| FY2013 | −$3,590,000,000 | USB |
| FY2012 | −$4,776,000,000 | USB |
USB has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.8 pp | PNC |
| FY2024 | +4.6 pp | PNC |
| FY2023 | +6.9 pp | PNC |
| FY2022 | +4.9 pp | PNC |
| FY2018 | +1.5 pp | PNC |
| FY2017 | +4.4 pp | PNC |
| FY2016 | −1.6 pp | USB |
| FY2015 | −2.0 pp | USB |
| FY2014 | −1.9 pp | USB |
| FY2013 | −2.9 pp | USB |
| FY2012 | −7.8 pp | USB |
The higher net margin has changed hands between PNC and USB over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PNC's net margin has been more volatile than USB's over the 11 comparable fiscal years — 3.6 percentage points of standard deviation against 3.3.
11 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 PNC and USB over these 11 fiscal years — PNC led in 6 and USB in 5.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
USB's return on equity has been more volatile than PNC's over the 19 comparable fiscal years — 2.5 percentage points of standard deviation against 2.1.
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 PNC and USB over these 19 fiscal years — PNC led in 5 and USB in 14.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.