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Side-by-side financial comparison of MINISO Group Holding Ltd (MNSO) and ROYAL BANK OF CANADA (RY). Click either name above to swap in a different company.

MINISO Group Holding Ltd is the larger business by last-quarter revenue ($14.8B vs $13.1B, roughly 1.1× ROYAL BANK OF CANADA).

MINISO Group Holding Limited, trading as MINISO is a Chinese retailer and variety store chain that specializes in household and consumer goods including cosmetics, stationery, toys, and kitchenware featuring IP design. Founded in 2013 by Ye Guofu, its headquarters are in Haizhu District, Guangzhou. In 2025, the company's sales revenue reached $2.45 billion. In March 2019, MINISO began a collaboration with Marvel Entertainment to sell its branded products.

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.

MNSO vs RY — Head-to-Head

Bigger by revenue
MNSO
MNSO
1.1× larger
MNSO
$14.8B
$13.1B
RY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MNSO
MNSO
RY
RY
Revenue
$14.8B
$13.1B
Net Profit
$4.2B
Gross Margin
45.1%
Operating Margin
19.5%
Net Margin
32.2%
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.

Revenue
MNSO
MNSO
RY
RY
Q1 26
$13.1B
Q4 25
$14.8B
Q3 25
$12.4B
Q2 25
$11.4B
Net Profit
MNSO
MNSO
RY
RY
Q1 26
$4.2B
Q4 25
Q3 25
$4.0B
Q2 25
$3.2B
Gross Margin
MNSO
MNSO
RY
RY
Q1 26
Q4 25
45.1%
Q3 25
Q2 25
Operating Margin
MNSO
MNSO
RY
RY
Q1 26
Q4 25
19.5%
Q3 25
Q2 25
Net Margin
MNSO
MNSO
RY
RY
Q1 26
32.2%
Q4 25
Q3 25
31.9%
Q2 25
28.0%

Balance Sheet & Financial Strength

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

Metric
MNSO
MNSO
RY
RY
Cash + ST InvestmentsLiquidity on hand
$33.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$102.1B
Total Assets
$1709.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNSO
MNSO
RY
RY
Q1 26
$33.7B
Q4 25
Q3 25
$25.5B
Q2 25
$35.5B
Stockholders' Equity
MNSO
MNSO
RY
RY
Q1 26
$102.1B
Q4 25
Q3 25
$99.0B
Q2 25
$96.7B
Total Assets
MNSO
MNSO
RY
RY
Q1 26
$1709.9B
Q4 25
Q3 25
$1626.4B
Q2 25
$1636.8B

Cash Flow & Capital Efficiency

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

Metric
MNSO
MNSO
RY
RY
Operating Cash FlowLast quarter
$27.7B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNSO
MNSO
RY
RY
Q1 26
$27.7B
Q4 25
Q3 25
$21.2B
Q2 25
$7.2B
Cash Conversion
MNSO
MNSO
RY
RY
Q1 26
6.55×
Q4 25
Q3 25
5.36×
Q2 25
2.24×

Financial Flow Comparison

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

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