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Royal Bank Of Canada vs Toronto Dominion Bank

Royal Bank Of Canada and Toronto Dominion Bank are similar in size: $47.57bn and $48.41bn of revenue in their latest fiscal years. Toronto Dominion Bank grew faster (15.1% against 12.9%). Royal Bank Of Canada kept more of each dollar of sales as profit: a net margin of 30.6% against 30.3%. Toronto Dominion Bank carries less debt relative to equity (0.0% against 2.0%).

Latest fiscal yearRoyal Bank Of CanadaRY, 2025Toronto Dominion BankTD, 2025
Revenue $47.57bn $48.41bn
Revenue growth 12.9% 15.1%
Net income $14.54bn $14.67bn
Operating margin — —
Net margin 30.6% 30.3%
Return on equity 15.3% 16.9%
Free cash flow — —
Cash $26.43bn $5.36bn
Total debt $2.00bn $0
Debt to equity 2.0% 0.0%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees — —
Market value $287.29bn $210.57bn
Price vs our value range — —
Moat score — —
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.