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Side-by-side financial comparison of JBS N.V. (JBS) and ROYAL BANK OF CANADA (RY). Click either name above to swap in a different company.

JBS N.V. is the larger business by last-quarter revenue ($22.6B vs $13.1B, roughly 1.7× ROYAL BANK OF CANADA). ROYAL BANK OF CANADA runs the higher net margin — 32.2% vs 2.9%, a 29.4% gap on every dollar of revenue.

JBS N.V. is a Brazilian multinational company that is the largest meat processing enterprise in the world, producing factory processed beef, chicken, salmon, sheep, pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anápolis, Goiás.

The Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 18 million clients and has more than 98,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains its corporate headquarters in Toronto and its head office in Montreal. RBC's institution number is 003. In November 2017, RBC was added to the Financial Stability Board's list of global systemically important banks.

JBS vs RY — Head-to-Head

Bigger by revenue
JBS
JBS
1.7× larger
JBS
$22.6B
$13.1B
RY
Higher net margin
RY
RY
29.4% more per $
RY
32.2%
2.9%
JBS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
JBS
JBS
RY
RY
Revenue
$22.6B
$13.1B
Net Profit
$644.1M
$4.2B
Gross Margin
13.2%
Operating Margin
5.4%
Net Margin
2.9%
32.2%
Revenue YoY
13.4%
Net Profit YoY
-14.9%
EPS (diluted)
$0.52

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
JBS
JBS
RY
RY
Q1 26
$13.1B
Q3 25
$22.6B
$12.4B
Q2 25
$11.4B
Q3 24
$19.9B
Net Profit
JBS
JBS
RY
RY
Q1 26
$4.2B
Q3 25
$644.1M
$4.0B
Q2 25
$3.2B
Q3 24
$756.6M
Gross Margin
JBS
JBS
RY
RY
Q1 26
Q3 25
13.2%
Q2 25
Q3 24
16.5%
Operating Margin
JBS
JBS
RY
RY
Q1 26
Q3 25
5.4%
Q2 25
Q3 24
7.8%
Net Margin
JBS
JBS
RY
RY
Q1 26
32.2%
Q3 25
2.9%
31.9%
Q2 25
28.0%
Q3 24
3.8%
EPS (diluted)
JBS
JBS
RY
RY
Q1 26
Q3 25
$0.52
Q2 25
Q3 24
$0.62

Balance Sheet & Financial Strength

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

Metric
JBS
JBS
RY
RY
Cash + ST InvestmentsLiquidity on hand
$485.5B
$33.7B
Total DebtLower is stronger
$213.0M
Stockholders' EquityBook value
$9.5B
$102.1B
Total Assets
$44.2B
$1709.9B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBS
JBS
RY
RY
Q1 26
$33.7B
Q3 25
$485.5B
$25.5B
Q2 25
$35.5B
Q3 24
$5.1B
Total Debt
JBS
JBS
RY
RY
Q1 26
Q3 25
$213.0M
Q2 25
Q3 24
Stockholders' Equity
JBS
JBS
RY
RY
Q1 26
$102.1B
Q3 25
$9.5B
$99.0B
Q2 25
$96.7B
Q3 24
$9.5B
Total Assets
JBS
JBS
RY
RY
Q1 26
$1709.9B
Q3 25
$44.2B
$1626.4B
Q2 25
$1636.8B
Q3 24
Debt / Equity
JBS
JBS
RY
RY
Q1 26
Q3 25
0.02×
Q2 25
Q3 24

Cash Flow & Capital Efficiency

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

Metric
JBS
JBS
RY
RY
Operating Cash FlowLast quarter
$996.4M
$27.7B
Free Cash FlowOCF − Capex
$-264.6M
FCF MarginFCF / Revenue
-1.2%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
1.55×
6.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBS
JBS
RY
RY
Q1 26
$27.7B
Q3 25
$996.4M
$21.2B
Q2 25
$7.2B
Q3 24
Free Cash Flow
JBS
JBS
RY
RY
Q1 26
Q3 25
$-264.6M
Q2 25
Q3 24
FCF Margin
JBS
JBS
RY
RY
Q1 26
Q3 25
-1.2%
Q2 25
Q3 24
Capex Intensity
JBS
JBS
RY
RY
Q1 26
Q3 25
5.6%
Q2 25
Q3 24
Cash Conversion
JBS
JBS
RY
RY
Q1 26
6.55×
Q3 25
1.55×
5.36×
Q2 25
2.24×
Q3 24

Financial Flow Comparison

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

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