Columbia Banking System, Inc. (COLB) vs Voya Financial, Inc. (VOYA)
A side-by-side comparison of Columbia Banking System, Inc. and Voya Financial, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — COLB vs VOYA
growth of $100 · dividends reinvested · last 10yCOLB vs VOYA: by the numbers
- •VOYA is the larger company ($8.87B vs $8.17B market cap).
- •COLB trades at the lower trailing earnings multiple (11.51 vs 16.55 P/E), one valuation lens rather than an overall verdict.
- •COLB converts more revenue to profit (19.96% vs 16.14% net margin).
- •COLB grew revenue faster over the past five years (20.01% vs -4.91% CAGR).
- •COLB pays the higher dividend yield (5.13% vs 1.92%).
Metrics side by side
Valuation
| Metric | COLB | VOYA |
|---|---|---|
| P/E ratio | 11.51 | 16.55 |
| Forward P/E | 9.54 | 10.72 |
| P/S ratio | 2.29 | 2.35 |
| P/B ratio | 1.08 | 1.89 |
Profitability
| Metric | COLB | VOYA |
|---|---|---|
| Operating margin | 26.78% | 3.48% |
| Net margin | 19.96% | 16.14% |
| ROE | 9.41% | 12.98% |
Columbia Banking System, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Voya Financial, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | COLB | VOYA |
|---|---|---|
| Dividend yield | 5.13% | 1.92% |
| Payout ratio | 58.96% | 31.81% |
Growth (annualized)
| Metric | COLB | VOYA |
|---|---|---|
| Revenue CAGR (5Y) | 20.01% | -4.91% |
| Total return CAGR (5Y) | -0.75% | 11.28% |
Frequently asked
- Which has the lower trailing P/E, COLB or VOYA?
- COLB has the lower trailing P/E: COLB trades at 11.51 and VOYA at 16.55. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, COLB or VOYA?
- Over the past five years, COLB grew revenue faster — COLB at a 20.01% CAGR versus VOYA at -4.91%.
- Does COLB or VOYA pay a bigger dividend?
- COLB yields 5.13% and VOYA yields 1.92% based on trailing dividends and the latest price.
- Is COLB or VOYA more profitable?
- COLB runs the higher net margin — COLB at 19.96% versus VOYA at 16.14%.
- How have COLB and VOYA total returns compared?
- Over the past 10 years, COLB delivered 2.96% and VOYA delivered 13.88% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Columbia Banking System & Voya Financial appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.