TD vs VBNK
Toronto Dominion Bank and VersaBank, side by side — 6 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | TD | VBNK |
|---|---|---|
| Revenue | CAD 67.8B | CAD 124.6M |
| Net income | CAD 20.5B | CAD 28.5M |
| Gross margin | · | · |
| Net margin | 30.3% | 22.8% |
| Return on equity | 16.9% | 6.1% |
| Diluted EPS | CAD 11.56 | · |
| Dividend / share | CAD 4.20 | · |
| Payout ratio | 37.3% | 11.4% |
| Free cash flow | · | CAD 43.5M |
| Equity | · | · |
| Net debt / equity | · | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 9.2% | 18.1% |
| Profit CAGR 5y | 11.5% | 8.0% |
TD bills 543.8× the revenue of VBNK, and keeps more of each dollar of revenue as profit (30.3% 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 | TD | VBNK |
|---|---|---|
| FY2025 | CAD 67.8B | CAD 124.6M |
| FY2024 | CAD 57.2B | CAD 111.6M |
| FY2023 | CAD 50.7B | CAD 108.6M |
| FY2022 | CAD 49.0B | CAD 82.4M |
| FY2021 | CAD 42.7B | CAD 65.4M |
| FY2020 | CAD 43.6B | CAD 54.2M |
Bottom line
| Fiscal year | TD | VBNK |
|---|---|---|
| FY2025 | CAD 20.5B | CAD 28.5M |
| FY2024 | CAD 8.8B | CAD 39.7M |
| FY2023 | CAD 10.6B | CAD 42.2M |
| FY2022 | CAD 17.4B | CAD 22.7M |
| FY2021 | CAD 14.3B | CAD 22.4M |
| FY2020 | CAD 11.9B | CAD 19.4M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 67,652,359,000 | TD |
| FY2024 | +CAD 57,111,367,000 | TD |
| FY2023 | +CAD 50,581,365,000 | TD |
| FY2022 | +CAD 48,949,608,000 | TD |
| FY2021 | +CAD 42,627,643,000 | TD |
| FY2020 | +CAD 43,591,815,000 | TD |
TD has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +7.5 pp | TD |
| FY2024 | −20.2 pp | VBNK |
| FY2023 | −17.8 pp | VBNK |
| FY2022 | +8.0 pp | TD |
| FY2021 | −0.8 pp | VBNK |
| FY2020 | −8.6 pp | VBNK |
The higher net margin has changed hands between TD and VBNK over this period.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TD's net margin has been more volatile than VBNK's over the 6 comparable fiscal years — 7.0 percentage points of standard deviation against 5.5.
6 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 TD and VBNK over these 6 fiscal years — TD led in 2 and VBNK in 4.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TD's return on equity has been more volatile than VBNK's over the 6 comparable fiscal years — 3.4 percentage points of standard deviation against 2.0.
6 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 TD and VBNK over these 6 fiscal years — TD led in 4 and VBNK in 2.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.