GGAL vs. BMA
Compare and contrast key facts about Grupo Financiero Galicia S.A. (GGAL) and Banco Macro S.A. (BMA).
Performance
GGAL vs. BMA - Performance Comparison
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GGAL vs. BMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGAL Grupo Financiero Galicia S.A. | -12.55% | -11.36% | 289.05% | 92.28% | 8.05% | 8.88% | -45.53% | -40.38% | -57.85% | 145.24% |
BMA Banco Macro S.A. | -12.98% | -3.55% | 277.79% | 91.62% | 27.04% | -9.96% | -57.05% | -14.00% | -60.72% | 81.54% |
Fundamentals
GGAL:
$7.50B
BMA:
$4.95T
GGAL:
$1.02K
BMA:
$10.77
GGAL:
0.05
BMA:
7.18
GGAL:
0.00
BMA:
0.02
GGAL:
0.00
BMA:
0.34
GGAL:
0.00
BMA:
1.37
GGAL:
$8.73T
BMA:
$4.81T
GGAL:
$2.47T
BMA:
$3.27T
GGAL:
$421.13B
BMA:
$407.74B
Returns By Period
The year-to-date returns for both stocks are quite close, with GGAL having a -12.55% return and BMA slightly lower at -12.98%. Over the past 10 years, GGAL has outperformed BMA with an annualized return of 8.22%, while BMA has yielded a comparatively lower 6.24% annualized return.
GGAL
- 1D
- 8.60%
- 1M
- 4.90%
- YTD
- -12.55%
- 6M
- 72.44%
- 1Y
- -11.31%
- 3Y*
- 72.25%
- 5Y*
- 51.02%
- 10Y*
- 8.22%
BMA
- 1D
- 10.45%
- 1M
- 0.83%
- YTD
- -12.98%
- 6M
- 88.14%
- 1Y
- 7.55%
- 3Y*
- 77.60%
- 5Y*
- 52.36%
- 10Y*
- 6.24%
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Return for Risk
GGAL vs. BMA — Risk / Return Rank
GGAL
BMA
GGAL vs. BMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Financiero Galicia S.A. (GGAL) and Banco Macro S.A. (BMA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GGAL | BMA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.15 | 0.10 | -0.25 |
Sortino ratioReturn per unit of downside risk | 0.37 | 0.80 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.10 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.06 | -0.29 |
Martin ratioReturn relative to average drawdown | -0.50 | 0.14 | -0.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GGAL | BMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 0.10 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.89 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.10 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.18 | -0.11 |
Correlation
The correlation between GGAL and BMA is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GGAL vs. BMA - Dividend Comparison
GGAL's dividend yield for the trailing twelve months is around 3.41%, less than BMA's 4.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGAL Grupo Financiero Galicia S.A. | 3.41% | 2.11% | 3.81% | 6.49% | 4.62% | 0.23% | 0.94% | 1.89% | 1.29% | 0.16% | 0.13% | 0.09% |
BMA Banco Macro S.A. | 4.24% | 2.38% | 6.10% | 7.75% | 7.28% | 0.00% | 0.00% | 6.20% | 5.05% | 0.65% | 1.53% | 0.00% |
Drawdowns
GGAL vs. BMA - Drawdown Comparison
The maximum GGAL drawdown since its inception was -98.98%, which is greater than BMA's maximum drawdown of -91.66%. Use the drawdown chart below to compare losses from any high point for GGAL and BMA.
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Drawdown Indicators
| GGAL | BMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.98% | -91.66% | -7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -58.44% | -58.48% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -62.94% | -65.40% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -91.70% | -91.66% | -0.04% |
Current DrawdownCurrent decline from peak | -33.10% | -29.90% | -3.20% |
Average DrawdownAverage peak-to-trough decline | -57.56% | -44.99% | -12.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.80% | 26.44% | +0.36% |
Volatility
GGAL vs. BMA - Volatility Comparison
The current volatility for Grupo Financiero Galicia S.A. (GGAL) is 16.00%, while Banco Macro S.A. (BMA) has a volatility of 16.97%. This indicates that GGAL experiences smaller price fluctuations and is considered to be less risky than BMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGAL | BMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.00% | 16.97% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 53.64% | 51.53% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.47% | 76.34% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.21% | 59.30% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.79% | 62.19% | -0.40% |
Financials
GGAL vs. BMA - Financials Comparison
This section allows you to compare key financial metrics between Grupo Financiero Galicia S.A. and Banco Macro S.A.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GGAL vs. BMA - Profitability Comparison
GGAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Grupo Financiero Galicia S.A. reported a gross profit of -1.71T and revenue of 2.15T. Therefore, the gross margin over that period was -79.8%.
BMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Banco Macro S.A. reported a gross profit of 802.92B and revenue of 802.92B. Therefore, the gross margin over that period was 100.0%.
GGAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Grupo Financiero Galicia S.A. reported an operating income of -104.46B and revenue of 2.15T, resulting in an operating margin of -4.9%.
BMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Banco Macro S.A. reported an operating income of 488.39B and revenue of 802.92B, resulting in an operating margin of 60.8%.
GGAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Grupo Financiero Galicia S.A. reported a net income of -84.36B and revenue of 2.15T, resulting in a net margin of -3.9%.
BMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Banco Macro S.A. reported a net income of 69.19B and revenue of 802.92B, resulting in a net margin of 8.6%.