RY vs WFC: Royal Bank of Canada and Wells Fargo & compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Royal Bank of Canada is the larger company, worth $272.2B, close to Wells Fargo &'s $259.2B.
- Wells Fargo & grew revenue faster over the last year (+8.6% vs +7.3%).
- On earnings, Wells Fargo & is the cheaper stock (13.1x vs 18.5x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | RY | WFC |
|---|---|---|
| Market cap | $272.2B | $259.2B |
| Share price | $191.91 | $83.55 |
| Revenue (last fiscal year) | $66.6B | $83.7B |
| Free cash flow (last fiscal year) | — | — |
| Revenue growth, last year | +7.3% | +8.6% |
| Revenue growth per year, last 5 fiscal years | +7.6% | +1.4% |
| Operating margin | — | — |
| Net margin | 31.0% | 26.1% |
| Return on equity | 15.0% | 12.6% |
| P/E (trailing) | 18.5x | 13.1x |
| Price / free cash flow | 5.14x | — |
| EV / EBITDA | — | 8.10x |
| FCF growth the price implies | — | — |
| Dividend yield | 3.1% | 2.1% |
| Debt / equity | 15.8x | 11.7x |
| Fundamental grade | C | C |
| Superinvestors holding it | 2 | 19 |
| Insider purchases, last 12 months | 0 | 6 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Royal Bank of Canada
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $49.7B | — | — |
| 2022 | $49.0B | — | — |
| 2023 | $51.5B | — | — |
| 2024 | $57.3B | — | — |
| 2025 | $66.6B | — | — |
Wells Fargo &
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $79.2B | — | — |
| 2022 | $74.4B | — | — |
| 2023 | $82.6B | — | — |
| 2024 | $82.3B | — | — |
| 2025 | $83.7B | — | — |
Where the revenue comes from
Royal Bank of Canada · by segments, 2025
Wealth Management$22.4B34%
Personal Banking$19.9B30%
Capital Markets$14.4B22%
Commercial Banking$8.6B13%
Insurance$1.3B2%
Wells Fargo & · by segments, 2025
Consumer Banking and Lending$37.4B44%
Corporate and Investment Banking$19.2B23%
Wealth Management$16.3B19%
Commercial Banking$12.0B14%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open RY in InvestinglyQuestions
Which is bigger, Royal Bank of Canada or Wells Fargo &?
Royal Bank of Canada (RY), at $272.2B against $259.2B.
Is RY or WFC cheaper?
By trailing P/E, Wells Fargo & (13.1x) is cheaper than Royal Bank of Canada (18.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, RY or WFC?
Wells Fargo &: revenue grew +8.6% over the last year, against +7.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.