FHN vs. NWG: First Horizon vs. NatWest Stock Comparison
How do First Horizon (FHN) and NatWest (NWG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
First Horizon (FHN) and NatWest (NWG) both belong to the Banks industry, though FHN is classified under Regional Banks while NWG falls under Diversified Banks.
First Horizon (FHN) trades as ordinary local shares, while NatWest (NWG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | FHN | NWG |
|---|---|---|
| Name | First Horizon Corporation | NatWest Group plc Sponsored ADR |
| Country/Region | United States | United Kingdom |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Regional Banks | Diversified Banks |
| Market Capitalization | 10.85 billion USD | 61.54 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | October 18, 2007 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FHN | NWG |
|---|---|---|
| Total Return (1Y) | 12.96% | 7.03% |
| Total Return (3Y, Annualized) | 32.94% | 59.12% |
| Total Return (5Y, Annualized) | 10.16% | 30.15% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FHN | NWG |
|---|---|---|
| Volatility (1Y, Annualized) | 22.55% | 33.39% |
| Beta (5Y) | 0.61 | 0.96 |
| Max Drawdown (5Y) | -60.76% | -40.66% |
| Avg. Volume (3M) | 5.55M | 3.73M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FHN | NWG |
|---|---|---|
| Sharpe Ratio (1Y) | 0.38 | 0.08 |
| Sortino Ratio (1Y) | 0.56 | 0.12 |
Profitability
ROE (TTM)
NatWest (NWG) at 14.58% sits in the top ROE quartile, while First Horizon (FHN) at 7.92% is in the bottom quartile, showing a clear gap in returns on equity.
FHN
Banks industry group
7.92%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- FHN
- 7.92%
- Min
- 3.64%
NWG
Banks industry group
14.58%
- Max
- 19.84%
- NWG
- 14.58%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
NatWest (NWG) at 36.93% keeps a top-quartile share of each sales dollar as profit, while First Horizon (FHN) at 23.43% keeps a bottom-quartile share.
FHN
Banks industry group
23.43%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- FHN
- 23.43%
- Min
- 14.93%
NWG
Banks industry group
36.93%
- Max
- 47.19%
- NWG
- 36.93%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for First Horizon (FHN) in Banks and NatWest (NWG) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | FHN | NWG |
|---|---|---|
| ROE (TTM) | 7.92% | 14.58% |
| ROA (TTM) | 0.87% | 0.85% |
| Net Margin (TTM) | 23.43% | 36.93% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both First Horizon (FHN) at 7.33% and NatWest (NWG) at 13.35% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
First Horizon (FHN) at 37.50% sits in the top EPS growth quartile, while NatWest (NWG) at 26.93% is closer to the peer norm — faster per-share earnings growth for FHN.
Growth Metrics
| Metric | FHN | NWG |
|---|---|---|
| Revenue Growth (YoY) | 7.33% | 13.35% |
| Revenue Growth (3Y CAGR) | 2.12% | 7.55% |
| EPS Growth (YoY) | 37.50% | 26.93% |
| EPS Growth (3Y CAGR) | 6.92% | 26.12% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: First Horizon (FHN) in Banks and NatWest (NWG) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: First Horizon (FHN) in Banks and NatWest (NWG) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | FHN | NWG |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both First Horizon (FHN) at 2.85% and NatWest (NWG) at 2.19% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
FHN
Banks industry group
2.85%
- Max
- 5.79%
- Q3
- 3.18%
- FHN
- 2.85%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
NWG
Banks industry group
2.19%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- NWG
- 2.19%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both First Horizon (FHN) at 47.48% and NatWest (NWG) at 47.43% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
FHN
Banks industry group
47.48%
- Max
- 70.75%
- FHN
- 47.48%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
NWG
Banks industry group
47.43%
- Max
- 70.75%
- NWG
- 47.43%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | FHN | NWG |
|---|---|---|
| Dividend Yield (TTM) | 2.85% | 2.19% |
| Dividend Payout Ratio (TTM) | 47.48% | 47.43% |
Valuation
P/E Ratio (TTM)
NatWest (NWG) at 7.84 sits in the cheaper P/E ratio quartile, while First Horizon (FHN) at 16.58 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.
FHN
Banks industry group
16.58
- Max
- 18.16
- FHN
- 16.58
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
NWG
Banks industry group
7.84
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- NWG
- 7.84
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both First Horizon (FHN) in Banks and NatWest (NWG) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
On P/B ratio, both First Horizon (FHN) at 1.34 and NatWest (NWG) at 1.20 are valued close to their industries’ norm against book — neither stands out from peers.
FHN
Banks industry group
1.34
- Max
- 2.28
- Q3
- 1.58
- FHN
- 1.34
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
NWG
Banks industry group
1.20
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- NWG
- 1.20
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | FHN | NWG |
|---|---|---|
| P/E Ratio (TTM) | 16.58 | 7.84 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.34 | 1.20 |
| Free Cash Flow Yield (TTM) | -- | -- |