RY vs VBNK
Royal Bank of Canada and VersaBank, side by side — 6 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | RY | VBNK |
|---|---|---|
| Revenue | CAD 66.6B | CAD 124.6M |
| Net income | CAD 20.4B | CAD 28.5M |
| Gross margin | · | · |
| Net margin | 30.6% | 22.8% |
| Return on equity | 15.3% | 6.1% |
| Diluted EPS | CAD 14.07 | · |
| Dividend / share | · | · |
| Payout ratio | 41.8% | 11.4% |
| Free cash flow | · | CAD 43.5M |
| Equity | CAD 139.1B | · |
| Net debt / equity | · | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 7.1% | 18.1% |
| Profit CAGR 5y | 12.2% | 8.0% |
RY bills 534.4× the revenue of VBNK, and keeps more of each dollar of revenue as profit (30.6% against 22.8%).
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.
6 years side by side
| Fiscal year | RY | VBNK |
|---|---|---|
| FY2025 | CAD 66.6B | CAD 124.6M |
| FY2024 | CAD 57.3B | CAD 111.6M |
| FY2023 | CAD 51.5B | CAD 108.6M |
| FY2022 | CAD 49.0B | CAD 82.4M |
| FY2021 | CAD 49.7B | CAD 65.4M |
| FY2020 | CAD 47.2B | CAD 54.2M |
Bottom line
| Fiscal year | RY | VBNK |
|---|---|---|
| FY2025 | CAD 20.4B | CAD 28.5M |
| FY2024 | CAD 16.2B | CAD 39.7M |
| FY2023 | CAD 14.6B | CAD 42.2M |
| FY2022 | CAD 15.8B | CAD 22.7M |
| FY2021 | CAD 16.0B | CAD 22.4M |
| FY2020 | CAD 11.4B | CAD 19.4M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 66,480,359,000 | RY |
| FY2024 | +CAD 57,232,367,000 | RY |
| FY2023 | +CAD 51,355,365,000 | RY |
| FY2022 | +CAD 48,902,608,000 | RY |
| FY2021 | +CAD 49,627,643,000 | RY |
| FY2020 | +CAD 47,126,815,000 | RY |
RY has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +7.7 pp | RY |
| FY2024 | −7.3 pp | VBNK |
| FY2023 | −10.4 pp | VBNK |
| FY2022 | +4.8 pp | RY |
| FY2021 | −1.9 pp | VBNK |
| FY2020 | −11.6 pp | VBNK |
The higher net margin has changed hands between RY and VBNK over this period.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VBNK's net margin has been more volatile than RY's over the 6 comparable fiscal years — 5.5 percentage points of standard deviation against 2.8.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between RY and VBNK over these 6 fiscal years — RY led in 2 and VBNK in 4.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VBNK's return on equity has been more volatile than RY's over the 6 comparable fiscal years — 2.0 percentage points of standard deviation against 1.5.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
RY led in return on equity in every one of the 6 comparable fiscal years — a structural lead, not a recent swing.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.