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.

Compare

Total return — COLB vs VOYA

growth of $100 · dividends reinvested · last 10y
COLB +36.1% (+3.1%/yr)VOYA +266.9% (+13.9%/yr)VOYA compounded faster over this window
100200300400Start $10020182020202220242026$136$367
COLB VOYA

COLB 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

MetricCOLBVOYA
P/E ratio11.5116.55
Forward P/E9.5410.72
P/S ratio2.292.35
P/B ratio1.081.89

Profitability

MetricCOLBVOYA
Operating margin26.78%3.48%
Net margin19.96%16.14%
ROE9.41%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

MetricCOLBVOYA
Dividend yield5.13%1.92%
Payout ratio58.96%31.81%

Growth (annualized)

MetricCOLBVOYA
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.

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.