M&T Bank vs Natwest Group
Natwest Group is the larger business, with $39.90bn of revenue in fiscal 2025 against $9.69bn for M&T Bank (4.1 times as much). Natwest Group grew faster (6.5% against 4.4%). M&T Bank kept more of each dollar of sales as profit: a net margin of 29.4% against 19.3%.
| Latest fiscal year | M&T BankMTB, 2025 | Natwest GroupNWG, 2025 |
|---|---|---|
| Revenue | $9.69bn | $39.90bn |
| Revenue growth | 4.4% | 6.5% |
| Net income | $2.85bn | $7.70bn |
| Operating margin | — | — |
| Net margin | 29.4% | 19.3% |
| Return on equity | 9.8% | 14.4% |
| Free cash flow | $3.00bn | $8.45bn |
| Cash | $18.77bn | $128.33bn |
| Total debt | $13.06bn | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | $5.70 | — |
| Dividend yield | 2.8% | 4.9% |
| Share buybacks | $2.63bn | $764m |
| Employees | 22,223 | — |
| Market value | $32.60bn | $62.87bn |
| Price vs our value range | — | — |
| Moat score | 70 (Strong) | — |
| Insider trades, 12 months | 0 buys, 21 sales | 0 buys, 0 sales |