C vs HSBC: Citigroup and HSBC Holdings PLC ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- HSBC Holdings PLC ADR is the larger company, worth $311.3B, about 1.4 times Citigroup.
- HSBC Holdings PLC ADR grew revenue faster over the last year (+3.7% vs +2.1%).
- On earnings, Citigroup is the cheaper stock (16.0x vs 77.5x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | C | HSBC |
|---|---|---|
| Market cap | $219.9B | $311.3B |
| Share price | $129.64 | $92.98 |
| Revenue (last fiscal year) | $85.2B | $68.3B |
| Free cash flow (last fiscal year) | -$74.2B | $25.1B |
| Revenue growth, last year | +2.1% | +3.7% |
| Revenue growth per year, last 5 fiscal years | +4.3% | +8.3% |
| Operating margin | — | 41.0% |
| Net margin | 16.8% | 33.9% |
| Return on equity | 6.7% | 11.7% |
| P/E (trailing) | 16.0x | 77.5x |
| Price / free cash flow | 10.6x | 12.4x |
| EV / EBITDA | 0.42x | — |
| FCF growth the price implies | — | -1.3% |
| Dividend yield | 1.8% | 0.81% |
| Debt / equity | 11.5x | 15.3x |
| Fundamental grade | D | C |
| Superinvestors holding it | 17 | 0 |
| Insider purchases, last 12 months | 10 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Citigroup
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $71.9B | $43.0B | — |
| 2022 | $75.3B | $19.4B | — |
| 2023 | $78.1B | -$80.0B | — |
| 2024 | $80.7B | -$26.2B | — |
| 2025 | $85.2B | -$74.2B | — |
HSBC Holdings PLC ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $49.6B | $100.7B | 32.0% |
| 2022 | $50.6B | $14.9B | 28.3% |
| 2023 | $66.1B | $35.4B | 46.2% |
| 2024 | $65.9B | $61.4B | 44.6% |
| 2025 | $68.3B | $25.1B | 41.0% |
Where the revenue comes from
Citigroup · by segments, 2025
Markets$22.0B27%
Services$21.3B26%
USPB$21.0B26%
Wealth$8.6B11%
Banking$8.2B10%
HSBC Holdings PLC ADR
No segment breakdown reported.
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open C in InvestinglyQuestions
Which is bigger, Citigroup or HSBC Holdings PLC ADR?
HSBC Holdings PLC ADR (HSBC), at $311.3B against $219.9B.
Is C or HSBC cheaper?
By trailing P/E, Citigroup (16.0x) is cheaper than HSBC Holdings PLC ADR (77.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, C or HSBC?
HSBC Holdings PLC ADR: revenue grew +3.7% over the last year, against +2.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.