eToro Group Ltd. (ETOR) vs Merchants Bancorp (MBINL)

A side-by-side comparison of eToro Group Ltd. and Merchants Bancorp 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 — ETOR vs MBINL

growth of $100 · dividends reinvested · last 1y
ETOR -50.6% (-50.6%/yr)MBINL +11.7% (+11.7%/yr)MBINL compounded faster over this window
406080100120140Start $1002026$49$112
ETOR MBINL

ETOR vs MBINL: by the numbers

  • •MBINL is the larger company ($2.41B vs $2.20B market cap).
  • •MBINL trades at the lower trailing earnings multiple (4.71 vs 9.66 P/E), one valuation lens rather than an overall verdict.
  • •MBINL converts more revenue to profit (20.51% vs 3.08% net margin).
  • •ETOR grew revenue faster over the past five years (90.53% vs 23.60% CAGR).
  • •MBINL pays a dividend (8.34% yield), while ETOR has no payments in the available dividend history.

Metrics side by side

Valuation

MetricETORMBINL
P/E ratio9.664.71
Forward P/E10.544.21
P/S ratio0.261.84
P/B ratio1.621.31

Profitability

MetricETORMBINL
Gross margin9.44%N/A
Operating margin3.75%21.15%
Net margin3.08%20.51%
ROE19.18%11.22%

Merchants Bancorp: 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

MetricETORMBINL
Dividend yieldN/A8.34%
Payout ratioN/A38.31%

Growth (annualized)

MetricETORMBINL
Revenue CAGR (5Y)90.53%23.60%
EPS CAGR (5Y)-11.42%-0.37%

Frequently asked

Which has the lower trailing P/E, ETOR or MBINL?
MBINL has the lower trailing P/E: ETOR trades at 9.66 and MBINL at 4.71. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ETOR or MBINL?
Over the past five years, ETOR grew revenue faster — ETOR at a 90.53% CAGR versus MBINL at 23.60%.
Does ETOR or MBINL pay a bigger dividend?
MBINL pays a dividend (8.34% yield), while ETOR has no payments in the available dividend history.
Is ETOR or MBINL more profitable?
MBINL runs the higher net margin — ETOR at 3.08% versus MBINL at 20.51%.

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.