Bank Of Montreal key statistics and ratios

In fiscal 2025, Bank Of Montreal had return on equity of 10.1%, a net margin of 24.0% and debt equal to 0.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Bank Of Montreal: financial ratios, annual
Fiscal year	2016Oct 2016	2017Oct 2017	2018Oct 2018	2019Oct 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025
Net margin	21.9%	24.1%	23.8%	22.6%	20.2%	28.5%	40.2%	15.1%	22.3%	24.0%
Free-cash-flow margin	−14.0%	11.8%	76.8%	113.1%	200.3%	160.2%	12.4%	29.8%	81.4%	28.2%
Return on equity	11.0%	12.4%	12.2%	11.8%	9.3%	13.9%	21.4%	6.1%	9.3%	10.1%
Return on assets	—	0.7%	0.7%	0.7%	0.6%	0.8%	1.3%	0.4%	0.5%	0.6%
Asset turnover	—	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.03
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Effective tax rate	19.2%	19.5%	26.4%	20.8%	19.7%	24.4%	24.3%	25.4%	23.2%	24.5%
Capital spending as % of revenue	1.1%	1.4%	1.4%	1.9%	1.6%	1.8%	2.3%	3.0%	0.0%	0.0%
Free cash flow ÷ net income	−63.9%	48.8%	322.4%	500.6%	989.5%	561.8%	30.9%	196.7%	364.9%	117.6%
Dividends ÷ net income	48.0%	37.7%	47.4%	47.8%	48.6%	38.4%	19.2%	61.1%	52.5%	57.8%
Dividends and buybacks ÷ free cash flow	—	77.1%	14.7%	9.5%	4.9%	6.8%	62.1%	31.0%	19.1%	54.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Bank Of Montreal's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Bank Of Montreal.