RY vs. USB: Royal Bank of Canada vs. U.S. Bancorp Stock Comparison
How do Royal Bank of Canada (RY) 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
Royal Bank of Canada (RY) 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.
| Profile Item | RY | USB |
|---|---|---|
| Name | Royal Bank of Canada | U.S. Bancorp |
| Country/Region | Canada | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Diversified Banks |
| Market Capitalization | 278.49 billion USD | 92.64 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | October 16, 1995 | May 3, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | RY | USB |
|---|---|---|
| Total Return (1Y) | 42.94% | 34.87% |
| Total Return (3Y, Annualized) | 38.10% | 27.22% |
| Total Return (5Y, Annualized) | 17.71% | 4.97% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | RY | USB |
|---|---|---|
| Volatility (1Y, Annualized) | 17.09% | 22.72% |
| Beta (5Y) | 0.78 | 0.99 |
| Max Drawdown (5Y) | -28.69% | -52.13% |
| Avg. Volume (3M) | 1.25M | 7.25M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | RY | USB |
|---|---|---|
| Sharpe Ratio (1Y) | 2.26 | 1.35 |
| Sortino Ratio (1Y) | 3.50 | 1.98 |
Profitability
ROE (TTM)
Royal Bank of Canada (RY) at 16.21% sits in the top ROE quartile, while U.S. Bancorp (USB) at 12.84% is closer to the peer norm — stronger capital efficiency for RY.
RY
Banks industry group
16.21%
- Max
- 19.84%
- RY
- 16.21%
- 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)
Both Royal Bank of Canada (RY) at 33.87% and U.S. Bancorp (USB) at 30.01% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
RY
Banks industry group
33.87%
- Max
- 47.19%
- Q3
- 35.25%
- RY
- 33.87%
- 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 Royal Bank of Canada (RY) 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 | RY | USB |
|---|---|---|
| ROE (TTM) | 16.21% | 12.84% |
| ROA (TTM) | 0.96% | 1.20% |
| Net Margin (TTM) | 33.87% | 30.01% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Royal Bank of Canada (RY) at 15.73% 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
Only one side can be read here: U.S. Bancorp (USB) reports EPS growth of 21.90%, ranked against its industry; Royal Bank of Canada (RY) has no EPS growth figure this period.
Growth Metrics
| Metric | RY | USB |
|---|---|---|
| Revenue Growth (YoY) | 15.73% | 4.41% |
| Revenue Growth (3Y CAGR) | 10.90% | 5.68% |
| EPS Growth (YoY) | -- | 21.90% |
| EPS Growth (3Y CAGR) | -- | 7.78% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Royal Bank of Canada (RY) 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: Royal Bank of Canada (RY) 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 | RY | USB |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Royal Bank of Canada (RY) at 3.23% and U.S. Bancorp (USB) at 3.51% offer top-quartile dividend income relative to share price within their industries.
RY
Banks industry group
3.23%
- Max
- 5.79%
- RY
- 3.23%
- Q3
- 3.18%
- Median
- 2.39%
- 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 Royal Bank of Canada (RY) at 41.49% distributes more than its industry norm — less retained, thinner cover.
RY
Banks industry group
41.49%
- Max
- 70.75%
- RY
- 41.49%
- 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 | RY | USB |
|---|---|---|
| Dividend Yield (TTM) | 3.23% | 3.51% |
| Dividend Payout Ratio (TTM) | 41.49% | 40.86% |
Valuation
P/E Ratio (TTM)
U.S. Bancorp (USB) at 11.57 is near its industry’s usual P/E ratio, while Royal Bank of Canada (RY) at 17.58 sits in the richer quartile — RY needs stronger growth or earnings quality to justify the premium.
RY
Banks industry group
17.58
- Max
- 18.16
- RY
- 17.58
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- 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 Royal Bank of Canada (RY) 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)
U.S. Bancorp (USB) at 1.55 sits near its industry’s typical P/B ratio, while Royal Bank of Canada (RY) at 2.92 prices above its benchmark range — RY looks rich relative to book.
RY
Banks industry group
2.92
- RY
- 2.92
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- 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 | RY | USB |
|---|---|---|
| P/E Ratio (TTM) | 17.58 | 11.57 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 2.92 | 1.55 |
| Free Cash Flow Yield (TTM) | -- | -- |