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Side-by-side financial comparison of FIRST CITIZENS BANCSHARES INC (FCNCA) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

FIRST CITIZENS BANCSHARES INC is the larger business by last-quarter revenue ($1.1B vs $622.0M, roughly 1.7× Royalty Pharma plc). FIRST CITIZENS BANCSHARES INC runs the higher net margin — 49.1% vs 34.4%, a 14.7% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% vs 3.5%). Over the past eight quarters, Royalty Pharma plc's revenue compounded faster (4.6% CAGR vs -33.5%).

Citizens Financial Group, Inc. is an American bank holding company, headquartered in Providence, Rhode Island. The company owns the bank Citizens Bank, N.A., which operates in the U.S. states of Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and Virginia, as well as Washington, DC.

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

FCNCA vs RPRX — Head-to-Head

Bigger by revenue
FCNCA
FCNCA
1.7× larger
FCNCA
$1.1B
$622.0M
RPRX
Growing faster (revenue YoY)
RPRX
RPRX
+1.3% gap
RPRX
4.8%
3.5%
FCNCA
Higher net margin
FCNCA
FCNCA
14.7% more per $
FCNCA
49.1%
34.4%
RPRX
Faster 2-yr revenue CAGR
RPRX
RPRX
Annualised
RPRX
4.6%
-33.5%
FCNCA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCNCA
FCNCA
RPRX
RPRX
Revenue
$1.1B
$622.0M
Net Profit
$534.0M
$214.2M
Gross Margin
Operating Margin
62.4%
Net Margin
49.1%
34.4%
Revenue YoY
3.5%
4.8%
Net Profit YoY
10.6%
2.9%
EPS (diluted)
$42.63
$0.49

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.

Revenue
FCNCA
FCNCA
RPRX
RPRX
Q1 26
$1.1B
Q4 25
$2.4B
$622.0M
Q3 25
$2.4B
$609.3M
Q2 25
$2.4B
$578.7M
Q1 25
$2.3B
$568.2M
Q4 24
$2.4B
$593.6M
Q3 24
$2.4B
$564.7M
Q2 24
$2.5B
$537.3M
Net Profit
FCNCA
FCNCA
RPRX
RPRX
Q1 26
$534.0M
Q4 25
$580.0M
$214.2M
Q3 25
$568.0M
$288.2M
Q2 25
$575.0M
$30.2M
Q1 25
$483.0M
$238.3M
Q4 24
$700.0M
$208.2M
Q3 24
$639.0M
$544.0M
Q2 24
$707.0M
$102.0M
Operating Margin
FCNCA
FCNCA
RPRX
RPRX
Q1 26
Q4 25
33.3%
62.4%
Q3 25
30.9%
70.1%
Q2 25
31.9%
36.3%
Q1 25
28.3%
94.0%
Q4 24
30.6%
60.9%
Q3 24
35.7%
Q2 24
39.8%
50.2%
Net Margin
FCNCA
FCNCA
RPRX
RPRX
Q1 26
49.1%
Q4 25
23.8%
34.4%
Q3 25
23.3%
47.3%
Q2 25
24.2%
5.2%
Q1 25
21.0%
41.9%
Q4 24
29.1%
35.1%
Q3 24
26.1%
96.3%
Q2 24
28.7%
19.0%
EPS (diluted)
FCNCA
FCNCA
RPRX
RPRX
Q1 26
$42.63
Q4 25
$45.33
$0.49
Q3 25
$43.08
$0.67
Q2 25
$42.36
$0.07
Q1 25
$34.47
$0.55
Q4 24
$49.19
$0.46
Q3 24
$43.42
$1.21
Q2 24
$47.54
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FCNCA
FCNCA
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$618.7M
Total DebtLower is stronger
$34.0B
$9.0B
Stockholders' EquityBook value
$22.0B
$9.7B
Total Assets
$236.0B
$19.6B
Debt / EquityLower = less leverage
1.54×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCNCA
FCNCA
RPRX
RPRX
Q1 26
Q4 25
$618.7M
Q3 25
$938.9M
Q2 25
$631.9M
Q1 25
$1.1B
Q4 24
$929.0M
Q3 24
$950.1M
Q2 24
$1.8B
Total Debt
FCNCA
FCNCA
RPRX
RPRX
Q1 26
$34.0B
Q4 25
$35.8B
$9.0B
Q3 25
$38.3B
$8.9B
Q2 25
$37.6B
$8.0B
Q1 25
$38.0B
$7.6B
Q4 24
$36.7B
$7.6B
Q3 24
$36.8B
$7.6B
Q2 24
$37.1B
$7.6B
Stockholders' Equity
FCNCA
FCNCA
RPRX
RPRX
Q1 26
$22.0B
Q4 25
$22.2B
$9.7B
Q3 25
$22.0B
$9.6B
Q2 25
$22.3B
$9.5B
Q1 25
$22.3B
$9.8B
Q4 24
$22.2B
$10.3B
Q3 24
$22.8B
$10.3B
Q2 24
$22.5B
$9.8B
Total Assets
FCNCA
FCNCA
RPRX
RPRX
Q1 26
$236.0B
Q4 25
$229.7B
$19.6B
Q3 25
$233.5B
$19.3B
Q2 25
$229.7B
$18.3B
Q1 25
$228.8B
$17.6B
Q4 24
$223.7B
$18.2B
Q3 24
$220.6B
$18.0B
Q2 24
$219.8B
$17.7B
Debt / Equity
FCNCA
FCNCA
RPRX
RPRX
Q1 26
1.54×
Q4 25
1.61×
0.92×
Q3 25
1.74×
0.93×
Q2 25
1.69×
0.84×
Q1 25
1.70×
0.78×
Q4 24
1.65×
0.74×
Q3 24
1.61×
0.74×
Q2 24
1.65×
0.78×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FCNCA
FCNCA
RPRX
RPRX
Operating Cash FlowLast quarter
$827.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCNCA
FCNCA
RPRX
RPRX
Q1 26
Q4 25
$1.1B
$827.1M
Q3 25
$916.0M
$702.6M
Q2 25
$859.0M
$364.0M
Q1 25
$98.0M
$596.1M
Q4 24
$1.1B
$742.5M
Q3 24
$991.0M
$703.6M
Q2 24
$417.0M
$658.2M
Free Cash Flow
FCNCA
FCNCA
RPRX
RPRX
Q1 26
Q4 25
$807.0M
Q3 25
$678.0M
Q2 25
$733.0M
Q1 25
$-5.0M
Q4 24
$991.0M
Q3 24
$885.0M
Q2 24
$316.0M
FCF Margin
FCNCA
FCNCA
RPRX
RPRX
Q1 26
Q4 25
33.1%
Q3 25
27.9%
Q2 25
30.9%
Q1 25
-0.2%
Q4 24
41.2%
Q3 24
36.2%
Q2 24
12.8%
Capex Intensity
FCNCA
FCNCA
RPRX
RPRX
Q1 26
Q4 25
10.0%
Q3 25
9.8%
Q2 25
5.3%
Q1 25
4.5%
Q4 24
5.3%
Q3 24
4.3%
Q2 24
4.1%
Cash Conversion
FCNCA
FCNCA
RPRX
RPRX
Q1 26
Q4 25
1.81×
3.86×
Q3 25
1.61×
2.44×
Q2 25
1.49×
12.06×
Q1 25
0.20×
2.50×
Q4 24
1.60×
3.57×
Q3 24
1.55×
1.29×
Q2 24
0.59×
6.45×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FCNCA
FCNCA

Segment breakdown not available.

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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