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Side-by-side financial comparison of BANK OF MONTREAL (BMO) and CANADIAN IMPERIAL BANK OF COMMERCE (CM). Click either name above to swap in a different company.
BANK OF MONTREAL is the larger business by last-quarter revenue ($7.2B vs $6.1B, roughly 1.2× CANADIAN IMPERIAL BANK OF COMMERCE). CANADIAN IMPERIAL BANK OF COMMERCE runs the higher net margin — 36.9% vs 25.3%, a 11.6% gap on every dollar of revenue.
The Bank of Montreal, abbreviated as BMO, is a Canadian multinational investment bank and financial services company.
The Imperial Bank of Canada was a Canadian bank that operated from 1873 to 1961. In 1961, Imperial merged with the Canadian Bank of Commerce to become the Canadian Imperial Bank of Commerce.
BMO vs CM — Head-to-Head
Income Statement — Q1 2026 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $7.2B | $6.1B |
| Net Profit | $1.8B | $2.3B |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 25.3% | 36.9% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $7.2B | $6.1B | ||
| Q3 25 | $6.6B | $5.3B | ||
| Q2 25 | $6.3B | $5.1B |
| Q1 26 | $1.8B | $2.3B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B |
| Q1 26 | 25.3% | 36.9% | ||
| Q3 25 | 25.9% | 28.9% | ||
| Q2 25 | 22.6% | 28.6% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.2B | $8.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.6B | $47.9B |
| Total Assets | $1064.4B | $826.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.2B | $8.0B | ||
| Q3 25 | $42.8B | $13.9B | ||
| Q2 25 | $47.7B | $10.2B |
| Q1 26 | $62.6B | $47.9B | ||
| Q3 25 | $63.3B | $45.9B | ||
| Q2 25 | $62.7B | $45.2B |
| Q1 26 | $1064.4B | $826.8B | ||
| Q3 25 | $1045.0B | $804.6B | ||
| Q2 25 | $1051.4B | $795.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $-1.6B |
| Free Cash FlowOCF − Capex | $1.0B | — |
| FCF MarginFCF / Revenue | 14.4% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | 0.72× | -0.69× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | $-1.6B | ||
| Q3 25 | $-3.1B | $4.3B | ||
| Q2 25 | $-2.3B | $667.2M |
| Q1 26 | $1.0B | — | ||
| Q3 25 | $-3.4B | — | ||
| Q2 25 | $-2.7B | — |
| Q1 26 | 14.4% | — | ||
| Q3 25 | -51.3% | — | ||
| Q2 25 | -41.8% | — |
| Q1 26 | 3.9% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 5.1% | — |
| Q1 26 | 0.72× | -0.69× | ||
| Q3 25 | -1.81× | 2.80× | ||
| Q2 25 | -1.63× | 0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
