Hsbc Usa Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Hsbc Usa Inc (HSBCUSA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Hsbc Usa Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 4,442M vs 983,164M combined for tracked competitors (0.4% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+8.0% annualized vs trailing 12 months), vs accelerating (+2.6%) for its tracked peer group.
- Growth: Hsbc Usa Inc generated 20.0% revenue growth year over year in Q2 2026, vs 16.2% for its tracked competitors combined.
- Profitability: Its 32.5% net margin compares with 29.2% for the peer group.
- Peer revenue share: Hsbc Usa Inc accounted for 0.5% of combined revenue among its tracked peer group, up from 0.5% a year earlier.
- Peer differentiation: Revenue per employee of $2.28M compares with $0.62M for the peer group (3.7x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
HSBCUSA Sales vs. its Competitors, Q2 2026
Hsbc Usa Inc reported revenue growth of 20.02 % year on year in Q2 2026, above its competitors' combined revenue growth of 16.19 %.
With a net margin of 32.53 %, Hsbc Usa Inc achieved higher profitability than its competitors (29.20 %).
Hsbc Usa Inc generated 0.47 % of the combined sales of its peer group, up from 0.46 % a year earlier.
Hsbc Usa Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Hsbc Usa Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Hsbc Usa Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Hsbc Usa Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Hsbc Usa Inc's competitor groups requires a Commercial License.
For context: the Commercial Banks industry grew revenue 4.0% year over year, combined, vs 20.0% for Hsbc Usa Inc. Hsbc Usa Inc's share of combined industry revenue moved from 0.38% to 0.44%, a gain of 0.06 percentage points.
Hsbc Usa Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Hsbc Usa Inc | - | Yes | Yes | Yes |
| Competitors combined (93) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
HSBCUSA Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Brookline Bancorp inc | 282.9% | Outperformed |
| 2 | The Bank Of New York Mellon Corporation | 282.9% | Outperformed |
| 3 | Mizuho Financial Group Inc | 282.9% | Outperformed |
| 4 | West Bancorporation Inc | 282.9% | Outperformed |
| 5 | Orix Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Hsbc Usa Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Hsbc Usa Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Hsbc Usa Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Hsbc Usa Inc | - | 4,442.00 |
| Jpmorgan Chase and Co | 903,068.90 | 186,328.00 |
| Bank Of America Corporation | 370,399.48 | 121,098.00 |
| Morgan Stanley | 293,418.69 | 68,350.00 |
| The Goldman Sachs Group Inc | 275,849.13 | 52,259.00 |
| Wells Fargo and Company | 253,377.79 | 83,940.00 |
| SUBTOTAL | 3,565,536.69 | 1,209,145.73 |
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Sources: Hsbc Usa Inc's official press releases and company reports; CSIMarket.com's market research; and the company reports and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Hsbc Usa Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Hsbc Usa Inc's Competitors Named by the Company
Competitive relationships identified from Hsbc Usa Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Morgan Stanley | Company report | 85% |
| Huntington Bancshares Incorporated | Company report | 85% |
| Fifth Third Bancorp | Company report | 85% |
| Us Bancorp De | Company report | 85% |
| M and t Bank Corporation | Company report | 85% |
| Mufg Americas Holdings Corporation | Company report | 85% |
| Citizens Financial Group Inc | Company report | 85% |
| First Horizon Corp | Company report | 85% |
| Cit Group Inc | Company report | 85% |
| Citigroup inc | Company report | 85% |
| The Goldman Sachs Group Inc | Company report | 85% |
| Jpmorgan Chase and Co | Company report | 85% |
| Keycorp | Company report | 85% |
| Northern Trust Corporation | Company report | 85% |
| Santander Holdings Usa Inc | Company report | 85% |
| Regions Financial Corporation | Company report | 85% |
| Pnc Financial Services Group Inc | Company report | 85% |
| Wells Fargo and Company | Company report | 85% |
| Bank Of America Corporation | Company report | 85% |
| East West Bancorp inc | Company report | 85% |
| Capital one financial corp | Company report | 85% |
| Peoples United Financial Inc | Company report | 85% |
| Comerica Incorporated | Company report | 85% |
Company report basis, confidence, active dates and source counts for Hsbc Usa Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from Hsbc Usa Inc reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Hsbc Usa Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Citigroup inc | Markets 29.42 % |
| Schwab Charles Corp | Investor Services 78.17 % |
| First Citizens Bancshares Inc | Commercial Bank 46.42 % |
| Webster Financial Corporation | Commercial Banking 48.55 % |
| Stifel Financial Corp | Global Wealth Management 36.46 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Hsbc Usa Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Hsbc Usa Inc | - | 2,280,287 | 164,271 |
| Jpmorgan Chase and Co | 903,069 | 584,995 | 200,752 |
| Bank Of America Corporation | 370,399 | 568,535 | 158,005 |
| Morgan Stanley | 293,419 | 823,494 | 245,422 |
| The Goldman Sachs Group Inc | 275,849 | 1,102,511 | 442,468 |
| Wells Fargo and Company | 253,378 | 351,213 | 95,100 |
| PEERS TOTAL | 3,565,537 | 623,112 | 148,073 |
Hsbc Usa Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Stifel Financial Corp | Americas 55.21 % |
| Houlihan Lokey Inc | United States 71.23 % |
| Stonex Group Inc | Middle East and Asia 90.47 % |
| Brc Group Holdings Inc | North America 93.52 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Hsbc Usa Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Commercial Banks industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (1 companies). See the full Commercial Banks industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 47.30 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 39.89 % | 42.90 % (avg) | -3.0 pp |
| Capital Intensity (Capex / Revenue) | - | 4.40 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Hsbc Usa Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 35.67 % | -4.09 % | -10.72 % | -23.12 % | 34.18 % | -5.64 % | 13.13 % | 9.90 % |
| Operating Margin | 21.39 % | 13.87 % | 7.16 % | -33.87 % | 23.44 % | - | - | - |
| Return on Invested Capital | 0.33 % | 0.27 % | 0.12 % | -1.57 % | 1.14 % | 0.27 % | 0.58 % | 2.81 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Hsbc Usa Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Hsbc Usa Inc falls in the High attractiveness / Medium strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Hsbc Usa Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+8.0% annualized vs trailing 12 months).
Weaknesses
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 12.0% median pace.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Hsbc Usa Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Hsbc Usa Inc | 0.17 | 0.21 | 2.55 |
| Jpmorgan Chase and Co | 0.17 | 0.42 | 1.40 |
| Bank Of America Corporation | 0.09 | 0.52 | 1.25 |
| Morgan Stanley | 0.40 | 1.12 | 3.16 |
| The Goldman Sachs Group Inc | 0.50 | 0.79 | 3.11 |
| Wells Fargo and Company | 0.11 | 0.80 | 1.41 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Hsbc Usa Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Hsbc Usa Inc | Q2 2026 | +20.0 % | - |
| Jpmorgan Chase and Co | Q2 2026 | +30.4 % | +44.0 % |
| Bank Of America Corporation | Q2 2026 | +15.0 % | +27.5 % |
| Morgan Stanley | Q2 2026 | -30.6 % | +58.1 % |
| The Goldman Sachs Group Inc | Q2 2026 | -65.3 % | +78.0 % |
| Wells Fargo and Company | Q2 2026 | +14.2 % | +21.6 % |
| PEERS TOTAL | +13.7 % | +52.7 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Hsbc Usa Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Hsbc Usa Inc | Q2 2026 | - | - |
| Jpmorgan Chase and Co | Q2 2026 | -6.4 % | - |
| Bank Of America Corporation | Q2 2026 | - | - |
| Morgan Stanley | Q2 2026 | - | +7.3 % |
| The Goldman Sachs Group Inc | Q2 2026 | -73.4 % | +5.5 % |
| Wells Fargo and Company | Q2 2026 | -16.2 % | - |
Hsbc Usa Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Hsbc Usa Inc | 0.18% | 0.45% | 2.57% |
| Jpmorgan Chase and Co | 1.35% | 3.71% | 17.50% |
| Bank Of America Corporation | 0.97% | 2.76% | 11.13% |
| Morgan Stanley | 1.35% | 1.95% | 17.85% |
| The Goldman Sachs Group Inc | 1.07% | 1.86% | 16.95% |
| Wells Fargo and Company | 1.05% | 2.94% | 12.48% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Hsbc Usa Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Hsbc Usa Inc | - | - |
| Jpmorgan Chase and Co | 14.11 | 4.85 |
| Bank Of America Corporation | 11.70 | 3.06 |
| Morgan Stanley | 15.13 | 4.29 |
| The Goldman Sachs Group Inc | 14.01 | 5.28 |
| Wells Fargo and Company | 12.05 | 3.02 |
| PEERS AVERAGE | 12.44 | 2.95 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.