HSBC vs MUFG: HSBC Holdings PLC ADR and Mitsubishi UFJ Financial Group Inc 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, close to Mitsubishi UFJ Financial Group Inc ADR's $264.0B.
- Mitsubishi UFJ Financial Group Inc ADR grew revenue faster over the last year (+10.8% vs +3.7%).
- Mitsubishi UFJ Financial Group Inc ADR keeps more of each dollar of revenue as operating profit (97.7% vs 41.0%).
- On earnings, Mitsubishi UFJ Financial Group Inc ADR is the cheaper stock (17.5x 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 | HSBC | MUFG |
|---|---|---|
| Market cap | $311.3B | $264.0B |
| Share price | $92.98 | $22.38 |
| Revenue (last fiscal year) | $68.3B | $2.42T |
| Free cash flow (last fiscal year) | $25.1B | -$3.67T |
| Revenue growth, last year | +3.7% | +10.8% |
| Revenue growth per year, last 5 fiscal years | +8.3% | +9.9% |
| Operating margin | 41.0% | 97.7% |
| Net margin | 33.9% | 71.4% |
| Return on equity | 11.7% | 8.8% |
| P/E (trailing) | 77.5x | 17.5x |
| Price / free cash flow | 12.4x | 0.04x |
| EV / EBITDA | — | — |
| FCF growth the price implies | -1.3% | — |
| Dividend yield | 0.81% | 2.1% |
| Debt / equity | 15.3x | 20.7x |
| Fundamental grade | C | C |
| Superinvestors holding it | 0 | 4 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
Mitsubishi UFJ Financial Group Inc ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $1.66T | $806.4B | 74.3% |
| 2023 | $1.70T | $1.89T | 92.5% |
| 2024 | $1.91T | -$1.90T | 95.9% |
| 2025 | $2.19T | $897.1B | 71.6% |
| 2026 | $2.42T | -$3.67T | 97.7% |
Where the revenue comes from
HSBC Holdings PLC ADR
No segment breakdown reported.
Mitsubishi UFJ Financial Group Inc ADR · by segments, 2021
Questions
Which is bigger, HSBC Holdings PLC ADR or Mitsubishi UFJ Financial Group Inc ADR?
HSBC Holdings PLC ADR (HSBC), at $311.3B against $264.0B.
Is HSBC or MUFG cheaper?
By trailing P/E, Mitsubishi UFJ Financial Group Inc ADR (17.5x) is cheaper than HSBC Holdings PLC ADR (77.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, HSBC or MUFG?
Mitsubishi UFJ Financial Group Inc ADR: revenue grew +10.8% over the last year, against +3.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.