MFG vs. TD: Mizuho Financial vs. Toronto-Dominion Bank Stock Comparison
How do Mizuho Financial (MFG) and Toronto-Dominion Bank (TD) 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
Mizuho Financial (MFG) and Toronto-Dominion Bank (TD) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.
Toronto-Dominion Bank (TD) trades as ordinary local shares, while Mizuho Financial (MFG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | MFG | TD |
|---|---|---|
| Name | Mizuho Financial Group, Inc. American Depositary Receipts | Toronto-Dominion Bank |
| Country/Region | Japan | Canada |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Diversified Banks |
| Market Capitalization | 113.48 billion USD | 199.88 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | November 8, 2006 | August 30, 1996 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MFG | TD |
|---|---|---|
| Total Return (1Y) | 46.98% | 57.20% |
| Total Return (3Y, Annualized) | 47.92% | 32.99% |
| Total Return (5Y, Annualized) | 30.77% | 15.46% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | MFG | TD |
|---|---|---|
| Volatility (1Y, Annualized) | 33.78% | 19.05% |
| Beta (5Y) | 0.58 | 0.72 |
| Max Drawdown (5Y) | -28.34% | -31.16% |
| Avg. Volume (3M) | 3.45M | 1.81M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MFG | TD |
|---|---|---|
| Sharpe Ratio (1Y) | 1.26 | 2.78 |
| Sortino Ratio (1Y) | 1.92 | 4.15 |
Profitability
ROE (TTM)
Both Mizuho Financial (MFG) at 12.49% and Toronto-Dominion Bank (TD) at 12.83% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
MFG
Banks industry group
12.49%
- Max
- 19.84%
- Q3
- 13.67%
- MFG
- 12.49%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
TD
Banks industry group
12.83%
- Max
- 19.84%
- Q3
- 13.67%
- TD
- 12.83%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
Mizuho Financial (MFG) at 29.14% keeps about the industry-typical share of revenue as profit, while Toronto-Dominion Bank (TD) at 26.62% retains only a bottom-quartile share.
MFG
Banks industry group
29.14%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- MFG
- 29.14%
- Q1
- 27.11%
- Min
- 14.93%
TD
Banks industry group
26.62%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- TD
- 26.62%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Mizuho Financial (MFG) in Banks and Toronto-Dominion Bank (TD) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | MFG | TD |
|---|---|---|
| ROE (TTM) | 12.49% | 12.83% |
| ROA (TTM) | 0.48% | 0.78% |
| Net Margin (TTM) | 29.14% | 26.62% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Mizuho Financial (MFG) at 15.82% and Toronto-Dominion Bank (TD) at 8.93% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both companies show strong earnings momentum, but Toronto-Dominion Bank (TD) at 144.92% is the standout with EPS growth above its industry range; Mizuho Financial (MFG) at 43.61% also sits in the top quartile.
Growth Metrics
| Metric | MFG | TD |
|---|---|---|
| Revenue Growth (YoY) | 15.82% | 8.93% |
| Revenue Growth (3Y CAGR) | 16.50% | 10.22% |
| EPS Growth (YoY) | 43.61% | 144.92% |
| EPS Growth (3Y CAGR) | 31.89% | 6.87% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Mizuho Financial (MFG) in Banks and Toronto-Dominion Bank (TD) 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: Mizuho Financial (MFG) in Banks and Toronto-Dominion Bank (TD) 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 | MFG | TD |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Toronto-Dominion Bank (TD) at 3.52% earns its spot in the top quartile of its industry’s yields; Mizuho Financial (MFG) at 1,544.20% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.
MFG
Banks industry group
1,544.20%
- MFG
- 1,544.20%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
TD
Banks industry group
3.52%
- Max
- 5.79%
- TD
- 3.52%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Mizuho Financial (MFG) at 24.88% pays out a band-typical share of earnings, while Toronto-Dominion Bank (TD) at 46.36% distributes more than its industry norm — less retained, thinner cover.
MFG
Banks industry group
24.88%
- Max
- 70.75%
- Q3
- 41.28%
- Median
- 29.26%
- MFG
- 24.88%
- Q1
- 18.98%
- Min
- 0.00%
TD
Banks industry group
46.36%
- Max
- 70.75%
- TD
- 46.36%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | MFG | TD |
|---|---|---|
| Dividend Yield (TTM) | 1,544.20% | 3.52% |
| Dividend Payout Ratio (TTM) | 24.88% | 46.36% |
Valuation
P/E Ratio (TTM)
Mizuho Financial (MFG) at 12.88 is near its industry’s usual P/E ratio, while Toronto-Dominion Bank (TD) at 18.16 sits in the richer quartile — TD needs stronger growth or earnings quality to justify the premium.
MFG
Banks industry group
12.88
- Max
- 18.16
- Q3
- 13.75
- MFG
- 12.88
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
TD
Banks industry group
18.16
- TD
- 18.16
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both Mizuho Financial (MFG) in Banks and Toronto-Dominion Bank (TD) 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)
Mizuho Financial (MFG) at 1.57 is valued about in line with its industry on P/B ratio, while Toronto-Dominion Bank (TD) at 2.27 carries an above-peer premium to book — TD is pricier on assets.
MFG
Banks industry group
1.57
- Max
- 2.28
- Q3
- 1.58
- MFG
- 1.57
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
TD
Banks industry group
2.27
- Max
- 2.28
- TD
- 2.27
- Q3
- 1.58
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | MFG | TD |
|---|---|---|
| P/E Ratio (TTM) | 12.88 | 18.16 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.57 | 2.27 |
| Free Cash Flow Yield (TTM) | -- | -- |