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Side-by-side financial comparison of TELUS CORP (TU) and U.S. Bancorp (USB). Click either name above to swap in a different company.

U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $3.7B, roughly 2.0× TELUS CORP). U.S. Bancorp runs the higher net margin — 27.8% vs -4.8%, a 32.6% gap on every dollar of revenue. On growth, U.S. Bancorp posted the faster year-over-year revenue change (5.1% vs 2.2%).

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

TU vs USB — Head-to-Head

Bigger by revenue
USB
USB
2.0× larger
USB
$7.4B
$3.7B
TU
Growing faster (revenue YoY)
USB
USB
+2.9% gap
USB
5.1%
2.2%
TU
Higher net margin
USB
USB
32.6% more per $
USB
27.8%
-4.8%
TU

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
TU
TU
USB
USB
Revenue
$3.7B
$7.4B
Net Profit
$-178.8M
$2.0B
Gross Margin
90.2%
Operating Margin
3.4%
34.4%
Net Margin
-4.8%
27.8%
Revenue YoY
2.2%
5.1%
Net Profit YoY
-210.9%
23.0%
EPS (diluted)
$1.26

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
TU
TU
USB
USB
Q4 25
$7.4B
Q3 25
$7.3B
Q2 25
$3.7B
$7.0B
Q1 25
$7.0B
Q4 24
$7.0B
Q3 24
$6.9B
Q2 24
$3.6B
$6.9B
Q1 24
$6.7B
Net Profit
TU
TU
USB
USB
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$-178.8M
$1.8B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$161.3M
$1.6B
Q1 24
$1.3B
Gross Margin
TU
TU
USB
USB
Q4 25
Q3 25
Q2 25
90.2%
Q1 25
Q4 24
Q3 24
Q2 24
87.9%
Q1 24
Operating Margin
TU
TU
USB
USB
Q4 25
34.4%
Q3 25
34.5%
Q2 25
3.4%
32.7%
Q1 25
31.0%
Q4 24
30.1%
Q3 24
30.2%
Q2 24
13.7%
29.9%
Q1 24
24.9%
Net Margin
TU
TU
USB
USB
Q4 25
27.8%
Q3 25
27.3%
Q2 25
-4.8%
25.9%
Q1 25
24.6%
Q4 24
23.7%
Q3 24
25.0%
Q2 24
4.4%
23.3%
Q1 24
19.6%
EPS (diluted)
TU
TU
USB
USB
Q4 25
$1.26
Q3 25
$1.22
Q2 25
$1.11
Q1 25
$1.03
Q4 24
$1.01
Q3 24
$1.03
Q2 24
$0.97
Q1 24
$0.78

Balance Sheet & Financial Strength

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

Metric
TU
TU
USB
USB
Cash + ST InvestmentsLiquidity on hand
$2.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$11.8B
$65.2B
Total Assets
$44.3B
$692.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TU
TU
USB
USB
Q4 25
Q3 25
Q2 25
$2.7B
Q1 25
Q4 24
Q3 24
Q2 24
$676.7M
Q1 24
Stockholders' Equity
TU
TU
USB
USB
Q4 25
$65.2B
Q3 25
$63.3B
Q2 25
$11.8B
$61.4B
Q1 25
$60.1B
Q4 24
$58.6B
Q3 24
$58.9B
Q2 24
$12.4B
$56.4B
Q1 24
$55.6B
Total Assets
TU
TU
USB
USB
Q4 25
$692.3B
Q3 25
$695.4B
Q2 25
$44.3B
$686.4B
Q1 25
$676.5B
Q4 24
$678.3B
Q3 24
$686.5B
Q2 24
$41.8B
$680.1B
Q1 24
$683.6B

Cash Flow & Capital Efficiency

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

Metric
TU
TU
USB
USB
Operating Cash FlowLast quarter
$851.2M
$2.8B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TU
TU
USB
USB
Q4 25
$2.8B
Q3 25
$3.4B
Q2 25
$851.2M
$2.0B
Q1 25
$-285.0M
Q4 24
$4.8B
Q3 24
$972.0M
Q2 24
$1.0B
$2.9B
Q1 24
$2.7B
Cash Conversion
TU
TU
USB
USB
Q4 25
1.39×
Q3 25
1.69×
Q2 25
1.12×
Q1 25
-0.17×
Q4 24
2.87×
Q3 24
0.57×
Q2 24
6.28×
1.79×
Q1 24
2.02×

Financial Flow Comparison

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

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