M&T Bank [MTB] vs NatWest Group plc [NWG] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: M&T Bank Corporation wins in 9 metrics, NatWest Group plc Sponsored ADR wins in 10 metrics, with 0 ties. NatWest Group plc Sponsored ADR appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric M&T Bank Corporation NatWest Group plc Sponsored ADR Better
P/E Ratio (TTM) 11.47 8.77 NatWest Group plc Sponsored ADR
Price-to-Book Ratio 1.09 1.24 M&T Bank Corporation
Debt-to-Equity Ratio 0.54 4.93 M&T Bank Corporation
PEG Ratio 0.84 0.64 NatWest Group plc Sponsored ADR
Profit Margin (TTM) 30.54% 36.51% NatWest Group plc Sponsored ADR
Operating Margin (TTM) 43.89% 47.06% NatWest Group plc Sponsored ADR
EBITDA Margin (TTM) 43.89% 47.06% NatWest Group plc Sponsored ADR
Return on Equity 9.63% 14.23% NatWest Group plc Sponsored ADR
Return on Assets (TTM) 1.31% 0.82% M&T Bank Corporation
Free Cash Flow (TTM) $3.39B $5.79B NatWest Group plc Sponsored ADR
Dividend Yield 2.67% 6.34% NatWest Group plc Sponsored ADR
1-Year Return 18.33% 12.17% M&T Bank Corporation
Price-to-Sales Ratio (TTM) 3.15 3.99 M&T Bank Corporation
Enterprise Value $27.38B $74.45B NatWest Group plc Sponsored ADR
EV/Revenue Ratio 3.02 3.45 M&T Bank Corporation
Revenue per Share (TTM) $56 $4 M&T Bank Corporation
Earnings per Share (Diluted) $16.21 $1.82 M&T Bank Corporation
Beta (Stock Volatility) 0.61 0.83 M&T Bank Corporation
Short % of Float 3.49% 0.03% NatWest Group plc Sponsored ADR

M&T Bank Corporation vs NatWest Group plc Sponsored ADR Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
M&T Bank Corporation-1.50%-0.50%-0.02%-2.26%9.41%4.90%
NatWest Group plc Sponsored ADR-1.98%-1.74%4.97%-0.81%-5.04%-11.17%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
M&T Bank Corporation18.33%72.08%34.01%82.70%151.91%84.88%
NatWest Group plc Sponsored ADR12.17%140.48%149.84%113.87%9.04%-92.77%

Performance & Financial Health Analysis: M&T Bank Corporation vs NatWest Group plc Sponsored ADR

MetricMTBNWG
Market Information
Market Cap i$28.56B$62.50B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i1,077,6003,354,153
90 Day Avg. Volume i1,279,4504,128,594
Last Close$214.03$15.83
52 Week Range$174.76 - $239.00$12.91 - $19.36
% from 52W High-10.45%-18.23%
All-Time High$239.00 (Feb 11, 2026)$241.80 (Oct 29, 2007)
% from All-Time High-10.45%-93.45%
Growth Metrics
Quarterly Revenue Growth0.08%0.11%
Quarterly Earnings Growth0.10%0.11%
Financial Health
Profit Margin (TTM) i0.31%0.37%
Operating Margin (TTM) i0.44%0.47%
Return on Equity (TTM) i0.10%0.14%
Debt to Equity (MRQ) i0.544.93
Cash & Liquidity
Book Value per Share (MRQ)$170.44$12.85
Cash per Share (MRQ)$123.94$28.53
Operating Cash Flow (TTM) i$4.16B$-16,770,539,519
Levered Free Cash Flow (TTM) i$2.45B$5.48B
Dividends
Last 12-Month Dividend Yield i2.67%6.34%
Last 12-Month Dividend i$5.85$0.88

Valuation & Enterprise Metrics Analysis: M&T Bank Corporation vs NatWest Group plc Sponsored ADR

MetricMTB (Nov 10, 2025)NWG (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i11.478.77
Forward P/E i11.427.45
PEG Ratio i0.840.64
Price to Sales (TTM) i3.153.99
Price to Book (MRQ) i1.091.24
Market Capitalization
Market Capitalization i$28.56B$62.50B
Enterprise Value i$27.38B$74.45B
Enterprise Value Metrics
Enterprise to Revenue i3.023.45
Enterprise to EBITDA iN/AN/A
Risk & Other Metrics
Beta i0.610.83
Book Value per Share (MRQ) i$170.44$12.85

Financial Statements Comparison: M&T Bank Corporation vs NatWest Group plc Sponsored ADR

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricMTB (2024)NWG (2025)
Revenue/Sales i9.23B16.61B
Cost of Goods Sold iN/AN/A
COGS % of Revenue i0.0%0.0%
Gross Profit iN/AN/A
Gross Margin i0.0%0.0%
Research & Development iN/AN/A
Operating Income (EBIT) iN/AN/A
Operating Margin i0.0%0.0%
EBITDA iN/AN/A
EBITDA Margin i0.0%0.0%
Pre-Tax Income i3.31B7.71B
Pre-Tax Income % of Revenue i35.9%46.4%
Income Tax i722.00M1.87B
Income Tax % of Revenue i7.8%11.3%
Net Income (Profit) i2.59B5.83B
Profit Margin i28.0%35.1%

Balance Sheet & Liquidity Metrics

MetricMTB (2024)NWG (2025)
Cash & Equivalents i20.78B85.35B
Total Current Assets iN/AN/A
Total Current Assets % of Revenue i0.0%0.0%
Total Current Liabilities iN/AN/A
Total Current Liabilities % of Revenue i0.0%0.0%
Long-Term Debt i12.61B71.83B
Long-Term Debt % of Revenue i136.6%432.5%
Total Shareholders Equity i29.03B42.61B
Retained Earnings i19.08B14.42B
Retained Earnings % of Revenue i206.7%86.8%
Property, Plant & Equipment i569.00M4.28B

Cash Flow Statement Comparison

MetricMTB (2024)NWG (2025)
Operating Cash Flow i3.12B6.00B
Operating Cash Flow % of Revenue i33.8%36.1%
Capital Expenditures iN/A-605.00M
Free Cash Flow i3.39B5.79B
FCF Margin i36.8%34.9%
Debt Repayment i-1.01B-4.18B
Common Stock Repurchase i-746.00M-2.56B

Short Interest & Institutional Ownership Analysis

MetricMTBNWG
Shares Short i4.70M1.29M
Short Ratio i4.060.27
Short % of Float i3.49%0.03%
Shares Outstanding i156.52M7.99B
Float Shares i152.90M7.96B
% Held by Insiders i0.41%0.00%
% Held by Institutions i90.48%4.78%
% Held by Public i9.11%95.22%

Dividend Analysis & Yield Comparison: M&T Bank Corporation vs NatWest Group plc Sponsored ADR

MetricMTBNWG
Last 12-Month Dividend i$5.85$0.88
Last 12-Month Dividend Yield i2.67%6.34%
3-Year Avg Annual Dividend i$5.48$0.66
3-Year Avg Dividend Yield i0.83%2.94%
3-Year Total Dividends i$16.45$1.99
Ex-Dividend DateMar 02, 2026Mar 20, 2026