Rogers Communications Inc. (RCI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Rogers Communications Inc. (RCI) stock price & volume — 10-year historical chart
Rogers Communications Inc. (RCI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Rogers Communications Inc. (RCI) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.74vs $0.73+1.4% | $3.9Bvs $3.9B+0.8% |
| Q1 2026 | Jan 29, 2026 | $1.08vs $0.98+10.2% | $4.5Bvs $4.4B+2.6% |
| Q4 2025 | Oct 23, 2025 | $0.99vs $0.92+7.6% | $3.8Bvs $5.9B-35.5% |
| Q3 2025 | Jul 23, 2025 | $0.82vs $0.80+2.5% | $3.8Bvs $5.3B-27.9% |
Rogers Communications Inc. (RCI) competitors in Integrated Telecom and Media Groups — business model, growth, and fundamentals comparison
Rogers Communications Inc. (RCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Rogers Communications Inc. (RCI) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.37B | 15.1B | 11.62B | 13.92B | 14.65B | 15.4B | 19.31B | 20.6B | 21.69B | 20.68B |
| Revenue Growth % | 4.87% | 5.06% | -23% | 19.72% | 5.31% | 5.06% | 25.41% | 6.71% | 5.29% | -0.01% |
| Cost of Revenue | 8.87B | 9.11B | 8.75B | 8.06B | 8.77B | 9B | 10.73B | 10.99B | 16.68B | 12.29B |
| Gross Profit | 5.5B▲ 0% | 5.98B▲ 8.7% | 2.87B▼ 52.0% | 5.86B▲ 103.9% | 5.89B▲ 0.5% | 6.39B▲ 8.6% | 8.58B▲ 34.2% | 9.62B▲ 12.1% | 5.01B▼ 47.9% | 8.39B▲ 0% |
| Gross Margin % | 38.29% | 39.63% | 24.71% | 42.09% | 40.17% | 41.52% | 44.44% | 46.68% | 23.11% | 40.57% |
| Gross Profit Growth % | 9.36% | 8.74% | -52% | 103.95% | 0.51% | 8.6% | 34.22% | 12.07% | -47.86% | - |
| Operating Expenses | 5.5B | 5.98B | 0 | 5.86B | 2.58B | 2.58B | 4.12B | 4.61B | 0 | 3.64B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 5.57B | 6.04B | 4.85B | 5.71B | 5.96B | 6.45B | 8.65B | 9.68B | 9.9B | 9.35B |
| EBITDA Margin % | 38.74% | 40.02% | 41.72% | 41.04% | 40.63% | 41.92% | 44.81% | 46.99% | 45.62% | 45.22% |
| EBITDA Growth % | 9.09% | 8.53% | -19.72% | 17.76% | 4.27% | 8.38% | 34.04% | 11.92% | 2.23% | -3.86% |
| Depreciation & Amortization | 2.21B | 2.27B | 1.98B | 2.69B | 2.65B | 2.64B | 4.19B | 4.68B | 4.88B | 4.61B |
| D&A / Revenue % | 15.35% | 15.03% | 17.02% | 19.37% | 18.1% | 17.13% | 21.71% | 22.71% | 22.51% | 22.28% |
| Operating Income (EBIT) | 3.36B▲ 0% | 3.77B▲ 12.3% | 2.87B▼ 23.9% | 0▼ 100.0% | 3.3B▲ 0% | 3.82B▲ 15.6% | 4.46B▲ 16.8% | 5B▲ 12.2% | 5.01B▲ 0.2% | 4.74B▲ 0% |
| Operating Margin % | 23.38% | 24.99% | 24.71% | 0% | 22.53% | 24.79% | 23.1% | 24.28% | 23.11% | 22.94% |
| Operating Income Growth % | 21.96% | 12.26% | -23.87% | -100% | - | 15.6% | 16.85% | 12.17% | 0.22% | - |
| Interest Expense | 752.85M | 707.75M | 831.06M | 859.94M | 837.32M | 1.22B | 2.06B | 2.28B | 2.23B | 4M |
| Interest Coverage | 4.34x | 4.97x | 3.33x | 3.51x | 3.51x | 3.02x | 1.66x | 1.94x | 4.41x | - |
| Interest / Revenue % | 5.24% | 4.69% | 7.15% | 6.18% | 5.71% | 7.94% | 10.69% | 11.07% | 10.3% | 0.02% |
| Non-Operating Income | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -2M |
| Pretax Income | 2.53B▲ 0% | 2.82B▲ 11.3% | 2.12B▼ 24.6% | 2.17B▲ 2.2% | 2.13B▼ 2.1% | 2.29B▲ 7.6% | 1.37B▼ 40.3% | 2.31B▲ 68.8% | 7.62B▲ 230.4% | 7.74B▲ 0% |
| Pretax Margin % | 17.61% | 18.66% | 18.28% | 15.61% | 14.51% | 14.87% | 7.07% | 11.19% | 35.12% | 37.44% |
| Income Tax | 685M | 758M | 549.06M | 580M | 569M | 609M | 517M | 572M | 719.41M | 728.37M |
| Effective Tax Rate % | 27.08% | 26.91% | 25.84% | 26.7% | 26.75% | 26.61% | 37.85% | 24.8% | 9.44% | 9.41% |
| Net Income | 1.84B▲ 0% | 2.06B▲ 11.6% | 1.58B▼ 23.5% | 1.59B▲ 1.0% | 1.56B▼ 2.1% | 1.68B▲ 7.8% | 849M▼ 49.5% | 1.73B▲ 104.2% | 6.89B▲ 297.3% | 6.97B▲ 0% |
| Net Margin % | 12.84% | 13.64% | 13.55% | 11.44% | 10.63% | 10.91% | 4.4% | 8.42% | 31.75% | 33.7% |
| Net Income Growth % | 120.96% | 11.6% | -23.48% | 1.05% | -2.14% | 7.83% | -49.46% | 104.24% | 297.25% | 296.41% |
| EPS (Diluted) | 3.57▲ 0% | 4.00▲ 12.0% | 3.98▼ 0.5% | 3.13▼ 21.4% | 3.07▼ 1.9% | 3.32▲ 8.1% | 1.62▼ 51.2% | 3.20▲ 97.5% | 12.73▲ 297.8% | 12.83▲ 0% |
| EPS Growth % | 120.37% | 12.04% | -0.5% | -21.36% | -1.92% | 8.14% | -51.2% | 97.53% | 297.81% | 294.48% |
| EPS (Basic) | 3.58 | 4.00 | 3.99 | 3.15 | 3.09 | 3.33 | 1.62 | 3.25 | 12.76 | - |
| Diluted Shares Outstanding | 515M | 515M | 513M | 506M | 506M | 506M | 524M | 536M | 540.67M | 543M |
Rogers Communications Inc. (RCI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 28.86B | 31.92B | 37.02B | 38.85B | 41.96B | 55.66B | 69.28B | 71.41B | 89.94B | 90.19B |
| Asset Growth % | 1.84% | 10.58% | 15.98% | 4.96% | 8% | 32.63% | 24.48% | 3.07% | 25.95% | 89.1% |
| PP&E (Net) | 11.14B | 11.78B | 13.93B | 14.02B | 14.67B | 15.57B | 24.33B | 25.07B | 26.29B | 26.34B |
| PP&E / Total Assets % | 38.61% | 36.91% | 37.64% | 36.08% | 34.95% | 27.98% | 35.12% | 35.11% | 29.23% | 29.2% |
| Total Current Assets | 2.97B | 4.89B | 5.12B | 6.93B | 5.83B | 19.28B | 7.83B | 8.37B | 9.48B | 9.37B |
| Cash & Equivalents | -421M | 405M | 494M | 2.48B | 715M | 463M | 800M | 898M | 1.34B | 1.39B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 313M | 466M | 460M | 479M | 535M | 438M | 456M | 641M | 549.55M | 462.19M |
| Other Current Assets | 1.07B | 436M | 625M | 577M | 497M | 13.18B | 1.02B | 881M | 1.2B | 1.69B |
| Long-Term Investments | 2.56B | 2.13B | 2.83B | 2.54B | 2.49B | 2.09B | 1.17B | 615M | 3.23B | 8.33B |
| Goodwill | 3.9B | 3.9B | 3.92B | 3.97B | 4.02B | 4.03B | 16.28B | 16.28B | 20.02B | 20.08B |
| Intangible Assets | 7.24B | 7.21B | 8.9B | 8.93B | 12.28B | 12.25B | 17.9B | 17.86B | 28.87B | 28.98B |
| Other Assets | 1.03B | 132M | 275M | 346M | 385M | 2.43B | 1.77B | 3.21B | 2.05B | 2.1B |
| Total Liabilities | 22.52B | 23.74B | 27.6B | 29.28B | 31.43B | 45.56B | 58.84B | 61.01B | 65.67B | 65.81B |
| Total Debt | 16.04B | 16.55B | 19.93B | 21.26B | 22.84B | 36.75B | 45.2B | 47.63B | 44.18B | 44.92B |
| Net Debt | 16.46B | 16.14B | 19.44B | 18.77B | 22.13B | 36.28B | 44.4B | 46.73B | 42.83B | 43.53B |
| Long-Term Debt | 12.69B | 13.39B | 15.97B | 16.75B | 17.14B | 29.91B | 39.76B | 38.2B | 35.87B | 34.83B |
| Short-Term Borrowings | 3.35B | 3.15B | 2.24B | 2.67B | 3.75B | 4.81B | 2.85B | 6.66B | 5.19B | 7.57B |
| Capital Lease Obligations | 0 | 1.54B | 1.73B | 1.83B | 1.96B | 2.03B | 2.59B | 2.78B | 3.12B | 11.61B |
| Total Current Liabilities | 6.82B | 6.84B | 5.96B | 6.59B | 8.62B | 9.55B | 8.78B | 12.61B | 15.64B | 16.93B |
| Accounts Payable | 2.71B | 3.05B | 2.81B | 2.21B | 3.15B | 3.55B | 4.04B | 4.06B | 4.83B | 4.5B |
| Accrued Expenses | 0 | -190M | 221M | 509M | 265M | 169M | 0 | 0 | 0 | 0 |
| Deferred Revenue | 346M | 233M | 224M | 69M | 394M | 400M | 271M | 800M | 1.11B | 1.08B |
| Other Current Liabilities | 762M | 29M | 191M | 579M | 607M | 252M | 1.38B | 482M | 3.82B | 3.77B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 34.63B |
| Other Liabilities | 2.65B | -1.31B | 614M | 1.12B | 563M | 730M | 1.57B | 1.45B | 2.01B | 2.02B |
| Total Equity | 6.35B▲ 0% | 8.18B▲ 28.9% | 9.42B▲ 15.1% | 9.57B▲ 1.7% | 10.53B▲ 10.0% | 10.09B▼ 4.2% | 10.44B▲ 3.4% | 10.4B▼ 0.4% | 24.27B▲ 133.3% | 24.39B▲ 0% |
| Equity Growth % | 20.46% | 28.86% | 15.12% | 1.67% | 10.02% | -4.18% | 3.45% | -0.35% | 133.26% | 440.74% |
| Shareholders Equity | 6.35B | 8.18B | 9.42B | 9.57B | 10.53B | 10.09B | 10.44B | 10.4B | 17.75B | 18.02B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.54B | 6.36B |
| Common Stock | 477M | 477M | 468M | 468M | 468M | 468M | 1.99B | 2.32B | 2.49B | 2.49B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 4.92B | 7.18B | 7.42B | 7.92B | 8.91B | 9.82B | 9.84B | 10.63B | 16.51B | 16.74B |
| Accumulated OCI | 945M | 520M | 1.53B | 1.19B | 1.15B | -192M | -1.39B | -2.55B | -1.26B | -1.21B |
| Return on Assets (ROA) | 6.45% | 6.78% | 4.57% | 4.2% | 3.86% | 3.44% | 1.36% | 2.46% | 8.54% | 8.03% |
| Return on Equity (ROE) | 31.77% | 28.35% | 17.91% | 16.77% | 15.5% | 16.29% | 8.27% | 16.64% | 39.74% | 30.92% |
| Debt / Equity | 2.53x | 2.02x | 2.12x | 2.22x | 2.17x | 3.64x | 4.33x | 4.58x | 1.82x | 1.82x |
| Debt / Assets | 55.57% | 51.84% | 53.84% | 54.71% | 54.44% | 66.02% | 65.24% | 66.7% | 49.12% | 49.8% |
| Net Debt / EBITDA | 2.96x | 2.67x | 4.01x | 3.29x | 3.72x | 5.62x | 5.13x | 4.83x | 4.33x | 4.33x |
| Book Value per Share | 12.32 | 15.88 | 18.35 | 18.92 | 20.81 | 19.94 | 19.92 | 19.41 | 44.88 | 44.91 |
Rogers Communications Inc. (RCI) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.94B | 4.29B | 4.53B | 4.32B | 4.16B | 4.49B | 5.22B | 5.68B | 6.05B | 6.05B |
| Operating CF Growth % | -0.48% | 8.89% | 5.55% | -4.53% | -3.7% | 7.98% | 16.2% | 8.79% | 6.59% | 33.8% |
| Operating CF / Revenue % | 27.41% | 28.4% | 38.94% | 31.05% | 28.39% | 29.18% | 27.04% | 27.57% | 27.91% | 29.28% |
| Net Income | 1.71B | 2.06B | 2.04B | 1.59B | 1.56B | 1.68B | 849M | 1.73B | 6.89B | 6.97B |
| Depreciation & Amortization | 2.21B | 2.27B | 2.56B | 2.69B | 2.65B | 2.64B | 4.19B | 4.68B | 4.88B | 4.63B |
| Deferred Taxes | 635M | 758M | 712M | 0 | 569M | 609M | 517M | 572M | 0 | 173M |
| Other Non-Cash Items | -521M | 472M | -759M | 271M | -774M | -425.34M | 291M | -429M | -5.13B | -3.73B |
| Working Capital Changes | -154M | -114M | -138M | -333M | 37M | -152M | -627M | -876M | -591.52M | -630.62M |
| Capital Expenditures | -2.5B | -2.84B | -4.61B | -2.37B | -6.13B | -3.12B | -20.2B | -4.17B | -8.21B | -7B |
| CapEx / Revenue % | 17.36% | 18.84% | 39.68% | 17.02% | 41.85% | 20.28% | 104.62% | 20.25% | 37.82% | 34.03% |
| CapEx / D&A | 1.13x | 1.25x | 1.80x | 0.88x | 2.31x | 1.18x | 4.82x | 0.89x | 1.68x | 1.52x |
| CapEx Coverage (OCF/CapEx) | 1.58x | 1.51x | 0.98x | 1.82x | 0.68x | 1.44x | 0.26x | 1.36x | 0.74x | 0.86x |
| Cash from Investing | -2.63B | -2.94B | -4.61B | -2.56B | -6.13B | -3.26B | -20.2B | -4.46B | -8.21B | -6.88B |
| Acquisitions | -184M | 0 | -1.73B | -103M | -3.4B | -9M | -16.21B | -475M | -4.31B | -3.24B |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 49M | -100M | -14M | -86M | 113M | -132M | 131M | 192M | -84.93M | -198.08M |
| Cash from Financing | -1.24B | -933M | 175M | 227M | 203M | 11.36B | 2.48B | -1.13B | 2.6B | 1.22B |
| Dividends Paid | -988M | -988M | -1.02B | -1.01B | -1.01B | -1.01B | -960M | -739M | -1.05B | -1.06B |
| Dividend Payout Ratio % | 53.55% | 47.98% | 64.49% | 63.51% | 64.83% | 60.12% | 113.07% | 42.62% | 15.17% | - |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -2M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.65B | 6.69B |
| Share Repurchases | 0 | 0 | -655M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -79M | 370M | -201M | 57M | -39M | -737M | 208M | 55M | -553.55M | -561.97M |
| Net Change in Cash | 65M▲ 0% | 411M▲ 532.3% | 89M▼ 78.3% | 1.99B▲ 2136.0% | -1.77B▼ 188.9% | 12.59B▲ 811.4% | -12.5B▼ 199.3% | 98M▲ 100.8% | 486.67M▲ 396.6% | 132.31M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41.03M | -111.12M |
| Cash at Beginning | -71M | -6M | 405M | 494M | 2.48B | 715M | 13.3B | 800M | 856.24M | 1.36B |
| Cash at End | -6M | 405M | 494M | 2.48B | 715M | 13.3B | 800M | 898M | 1.34B | 1.39B |
| Free Cash Flow | 1.44B▲ 0% | 1.44B▲ 0.1% | -86M▼ 106.0% | 1.95B▲ 2369.8% | -1.97B▼ 201.0% | 1.37B▲ 169.5% | -14.98B▼ 1192.6% | 1.51B▲ 110.1% | -2.15B▼ 242.7% | -1.09B▲ 0% |
| FCF Growth % | -7.44% | 0.07% | -105.96% | 2369.77% | -201.02% | 169.52% | -1192.56% | 110.07% | -242.66% | -164.59% |
| FCF Margin % | 10.04% | 9.57% | -0.74% | 14.03% | -13.46% | 8.9% | -77.58% | 7.32% | -9.92% | -5.29% |
| FCF / Net Income % | 78.21% | 70.13% | -5.46% | 122.61% | -126.57% | 81.61% | -1764.31% | 86.97% | -31.23% | -15.69% |
Rogers Communications Inc. (RCI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 31.77% | 28.35% | 17.91% | 16.77% | 15.5% | 16.29% | 8.27% | 16.64% | 39.74% | 30.92% |
| EBITDA Margin | 38.74% | 40.02% | 41.72% | 41.04% | 40.63% | 41.92% | 44.81% | 46.99% | 45.62% | 45.22% |
| Net Debt / EBITDA | 2.96x | 2.67x | 4.01x | 3.29x | 3.72x | 5.62x | 5.13x | 4.83x | 4.33x | 4.33x |
| Interest Coverage | 4.34x | 4.97x | 3.33x | 3.51x | 3.51x | 3.02x | 1.66x | 1.94x | 4.41x | - |
| CapEx / Revenue | 17.36% | 18.84% | 39.68% | 17.02% | 41.85% | 20.28% | 104.62% | 20.25% | 37.82% | 34.03% |
| Dividend Payout Ratio | 53.55% | 47.98% | 64.49% | 63.51% | 64.83% | 60.12% | 113.07% | 42.62% | 15.17% | 15.14% |
| Debt / Equity | 2.53x | 2.02x | 2.12x | 2.22x | 2.17x | 3.64x | 4.33x | 4.58x | 1.82x | 1.82x |
| EPS Growth | 120.37% | 12.04% | -0.5% | -21.36% | -1.92% | 8.14% | -51.2% | 97.53% | 297.81% | 294.48% |
Rogers Communications Inc. (RCI) stock FAQ — growth, dividends, profitability & financials explained
Rogers Communications Inc. (RCI) reported $20.68B in revenue for fiscal year 2025. This represents a 733% increase from $2.48B in 1996.
Rogers Communications Inc. (RCI) grew revenue by 5.3% over the past year. This is steady growth.
Yes, Rogers Communications Inc. (RCI) is profitable, generating $6.97B in net income for fiscal year 2025 (31.8% net margin).
Yes, Rogers Communications Inc. (RCI) pays a dividend with a yield of 3.90%. This makes it attractive for income-focused investors.
Rogers Communications Inc. (RCI) has a return on equity (ROE) of 39.7%. This is excellent, indicating efficient use of shareholder capital.
Rogers Communications Inc. (RCI) had negative free cash flow of $1.09B in fiscal year 2025, likely due to heavy capital investments.
Rogers Communications Inc. (RCI) has a dividend payout ratio of 15%. This suggests the dividend is well-covered and sustainable.
Rogers Communications Inc. (RCI) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates