NWG vs. USB: NatWest vs. U.S. Bancorp Stock Comparison
How do NatWest (NWG) and U.S. Bancorp (USB) 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
NatWest (NWG) and U.S. Bancorp (USB) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.
U.S. Bancorp (USB) 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 | NWG | USB |
|---|---|---|
| Name | NatWest Group plc Sponsored ADR | U.S. Bancorp |
| Country/Region | United Kingdom | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Diversified Banks |
| Market Capitalization | 61.54 billion USD | 92.64 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | October 18, 2007 | May 3, 1973 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NWG | USB |
|---|---|---|
| Total Return (1Y) | 7.03% | 34.87% |
| Total Return (3Y, Annualized) | 59.12% | 27.22% |
| Total Return (5Y, Annualized) | 30.15% | 4.97% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | NWG | USB |
|---|---|---|
| Volatility (1Y, Annualized) | 33.39% | 22.72% |
| Beta (5Y) | 0.96 | 0.99 |
| Max Drawdown (5Y) | -40.66% | -52.13% |
| Avg. Volume (3M) | 3.73M | 7.25M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NWG | USB |
|---|---|---|
| Sharpe Ratio (1Y) | 0.08 | 1.35 |
| Sortino Ratio (1Y) | 0.12 | 1.98 |
Profitability
ROE (TTM)
NatWest (NWG) at 14.58% sits in the top ROE quartile, while U.S. Bancorp (USB) at 12.84% is closer to the peer norm — stronger capital efficiency for NWG.
NWG
Banks industry group
14.58%
- Max
- 19.84%
- NWG
- 14.58%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
USB
Banks industry group
12.84%
- Max
- 19.84%
- Q3
- 13.67%
- USB
- 12.84%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
NatWest (NWG) at 36.93% retains a top-quartile share of revenue as profit, ahead of U.S. Bancorp (USB) at 30.01%, which keeps about the industry-typical share.
NWG
Banks industry group
36.93%
- Max
- 47.19%
- NWG
- 36.93%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
USB
Banks industry group
30.01%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- USB
- 30.01%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for NatWest (NWG) in Banks and U.S. Bancorp (USB) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | NWG | USB |
|---|---|---|
| ROE (TTM) | 14.58% | 12.84% |
| ROA (TTM) | 0.85% | 1.20% |
| Net Margin (TTM) | 36.93% | 30.01% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
NatWest (NWG) at 13.35% is around its peer norm for revenue growth, while U.S. Bancorp (USB) at 4.41% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Both NatWest (NWG) at 26.93% and U.S. Bancorp (USB) at 21.90% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | NWG | USB |
|---|---|---|
| Revenue Growth (YoY) | 13.35% | 4.41% |
| Revenue Growth (3Y CAGR) | 7.55% | 5.68% |
| EPS Growth (YoY) | 26.93% | 21.90% |
| EPS Growth (3Y CAGR) | 26.12% | 7.78% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: NatWest (NWG) in Banks and U.S. Bancorp (USB) 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: NatWest (NWG) in Banks and U.S. Bancorp (USB) 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 | NWG | USB |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
U.S. Bancorp (USB) at 3.51% delivers top-quartile income for its industry, while NatWest (NWG) at 2.19% pays a more typical yield — both are credible income propositions, USB the richer one.
NWG
Banks industry group
2.19%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- NWG
- 2.19%
- Q1
- 1.20%
- Min
- 0.00%
USB
Banks industry group
3.51%
- Max
- 5.79%
- USB
- 3.51%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
U.S. Bancorp (USB) at 40.86% pays out a band-typical share of earnings, while NatWest (NWG) at 47.43% distributes more than its industry norm — less retained, thinner cover.
NWG
Banks industry group
47.43%
- Max
- 70.75%
- NWG
- 47.43%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
USB
Banks industry group
40.86%
- Max
- 70.75%
- Q3
- 41.28%
- USB
- 40.86%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | NWG | USB |
|---|---|---|
| Dividend Yield (TTM) | 2.19% | 3.51% |
| Dividend Payout Ratio (TTM) | 47.43% | 40.86% |
Valuation
P/E Ratio (TTM)
NatWest (NWG) at 7.84 sits in the cheaper P/E ratio quartile, while U.S. Bancorp (USB) at 11.57 is closer to its industry’s usual earnings multiple — a discount for NWG, though growth and earnings durability still matter.
NWG
Banks industry group
7.84
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- NWG
- 7.84
- Min
- 6.49
USB
Banks industry group
11.57
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- USB
- 11.57
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both NatWest (NWG) in Banks and U.S. Bancorp (USB) 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 NatWest (NWG) at 1.20 and U.S. Bancorp (USB) at 1.55 are valued close to their industries’ norm against book — neither stands out from peers.
NWG
Banks industry group
1.20
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- NWG
- 1.20
- Q1
- 1.10
- Min
- 0.59
USB
Banks industry group
1.55
- Max
- 2.28
- Q3
- 1.58
- USB
- 1.55
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | NWG | USB |
|---|---|---|
| P/E Ratio (TTM) | 7.84 | 11.57 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.20 | 1.55 |
| Free Cash Flow Yield (TTM) | -- | -- |