Comerica Financials

CMA

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

3/9

Comerica passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

0.86x

For every $1 of reported earnings, Comerica generates $0.86 in operating cash flow ($601.0M OCF vs $698.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Comerica (CMA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$772.0M

YoY-3.3%

5Y CAGR+0.6%

10Y CAGR-7.9%

Comerica generated $772.0M in revenue in fiscal year 2024. This represents a decrease of 3.3% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$698.0M

YoY-20.8%

5Y CAGR-10.3%

10Y CAGR+1.6%

Comerica reported $698.0M in net income in fiscal year 2024. This represents a decrease of 20.8% from the prior year.

EPS (Diluted)

$5.02

YoY-22.0%

5Y CAGR-8.7%

10Y CAGR+4.7%

Comerica earned $5.02 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 22.0% from the prior year.

Cash & Debt

$6.8B

YoY-28.4%

5Y CAGR+3.2%

10Y CAGR+1.1%

Comerica held $6.8B in cash against $6.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

$2.84

YoY+0.0%

5Y CAGR+1.2%

10Y CAGR+13.6%

Comerica paid $2.84 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

90.4%

YoY-20.0pp

5Y CAGR-70.1pp

10Y CAGR+56.5pp

Comerica's net profit margin was 90.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 20.0 percentage points from the prior year.

Return on Equity

10.7%

YoY-3.1pp

5Y CAGR-5.7pp

10Y CAGR+2.7pp

Comerica's ROE was 10.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$100.0M

5Y CAGR-41.0%

10Y CAGR-9.1%

Comerica spent $100.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

CMA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$772.0M-3.3%	$798.0M+1.3%	$788.0M-1.0%	$796.0M+5.0%	$758.0M+1.2%	$749.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.7B+5.3%	$1.7B+706.3%	$206.0M+261.4%	$57.0M-68.7%	$182.0M-61.1%	$468.0M
Income Tax	$190.0M-27.8%	$263.0M-19.1%	$325.0M+0.9%	$322.0M+159.7%	$124.0M-63.1%	$336.0M
Net Income	$698.0M-20.8%	$881.0M-23.5%	$1.2B-1.5%	$1.2B+135.0%	$497.0M-58.7%	$1.2B
EPS (Diluted)	$5.02-22.0%	$6.44-24.0%	$8.47+1.4%	$8.35+143.4%	$3.43-56.6%	$7.90

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$187.0M+1.1%	$185.0M+1.1%	$183.0M-4.2%	$191.0M-5.9%	$203.0M+8.6%	$187.0M-2.6%	$192.0M-4.5%	$201.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$372.0M+4.5%	$356.0M+2.0%	$349.0M-11.0%	$392.0M-10.5%	$438.0M-7.0%	$471.0M+1.3%	$465.0M-7.4%	$502.0M
Income Tax	$51.0M+13.3%	$45.0M-15.1%	$53.0M+12.8%	$47.0M-25.4%	$63.0M+117.2%	$29.0M+52.6%	$19.0M-75.0%	$76.0M
Net Income	$176.0M-11.6%	$199.0M+15.7%	$172.0M+1.2%	$170.0M-17.5%	$206.0M+49.3%	$138.0M+318.2%	$33.0M-86.9%	$251.0M
EPS (Diluted)	$1.35-4.9%	$1.42+13.6%	$1.25+2.5%	$1.22-18.1%	$1.49+52.0%	$0.98+390.0%	$0.20-89.1%	$1.84

CMA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$79.3B-7.6%	$85.8B+0.5%	$85.4B-9.7%	$94.6B+7.4%	$88.1B+20.1%	$73.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$6.8B-28.4%	$9.5B+51.3%	$6.3B-72.3%	$22.7B+43.8%	$15.8B+171.0%	$5.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$635.0M0.0%	$635.0M0.0%	$635.0M0.0%	$635.0M0.0%	$635.0M0.0%	$635.0M
Total Liabilities	$72.8B-8.4%	$79.4B-1.0%	$80.2B-7.5%	$86.7B+8.3%	$80.1B+21.2%	$66.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$6.7B+7.5%	$6.2B+105.2%	$3.0B+8.2%	$2.8B-51.2%	$5.7B-21.2%	$7.3B
Total Equity	$6.5B+2.1%	$6.4B+23.6%	$5.2B-34.4%	$7.9B-1.9%	$8.1B+9.9%	$7.3B
Retained Earnings	$12.0B+2.5%	$11.7B+4.2%	$11.3B+7.3%	$10.5B+7.9%	$9.7B+2.0%	$9.5B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$77.4B-0.8%	$78.0B+0.5%	$77.6B-2.1%	$79.3B-0.4%	$79.6B+0.2%	$79.4B-7.4%	$85.8B+0.1%	$85.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$5.0B-4.7%	$5.3B-8.7%	$5.8B-14.9%	$6.8B+41.4%	$4.8B-6.3%	$5.1B-46.0%	$9.5B+17.1%	$8.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$635.0M0.0%	$635.0M0.0%	$635.0M0.0%	$635.0M	N/A	N/A	$635.0M	N/A
Total Liabilities	$69.9B-1.7%	$71.1B+0.8%	$70.6B-3.0%	$72.8B-0.9%	$73.4B+0.1%	$73.4B-7.6%	$79.4B-1.6%	$80.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$5.4B-5.9%	$5.8B+0.5%	$5.7B-14.1%	$6.7B-6.2%	$7.1B-0.1%	$7.1B+14.7%	$6.2B+2.6%	$6.0B
Total Equity	$7.4B+8.3%	$6.9B-2.7%	$7.1B+7.8%	$6.5B+6.2%	$6.2B+1.8%	$6.0B-5.6%	$6.4B+28.8%	$5.0B
Retained Earnings	$12.3B+0.7%	$12.2B+0.8%	$12.1B+0.6%	$12.0B+1.3%	$11.9B+0.9%	$11.8B+0.3%	$11.7B-0.6%	$11.8B

CMA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$601.0M-52.0%	$1.3B+96.1%	$638.0M+0.6%	$634.0M-31.7%	$928.0M-14.9%	$1.1B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$3.3B-6.7%	$3.5B+135.1%	-$10.0B-677.6%	$1.7B+137.4%	-$4.6B-831.6%	-$494.0M
Financing Cash Flow	-$6.6B-330.2%	-$1.5B+78.5%	-$7.1B-255.5%	$4.6B-66.6%	$13.6B+1961.0%	$661.0M
Dividends Paid	$377.0M+1.6%	$371.0M+5.1%	$353.0M-4.3%	$369.0M-1.6%	$375.0M-6.7%	$402.0M
Share Buybacks	$100.0M	$0-100.0%	$36.0M-95.1%	$729.0M+266.3%	$199.0M-85.7%	$1.4B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$270.0M-156.7%	$476.0M+74.4%	$273.0M+177.1%	-$354.0M-418.9%	$111.0M+154.1%	-$205.0M-118.3%	$1.1B+730.3%	-$178.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$655.0M+162.5%	-$1.0B-214.8%	$913.0M+260.9%	$253.0M+144.5%	-$568.0M-132.7%	$1.7B+1.4%	$1.7B-41.3%	$2.9B
Financing Cash Flow	-$634.0M-1032.4%	$68.0M+103.1%	-$2.2B-529.3%	$512.0M+282.1%	$134.0M+102.3%	-$5.9B-307.8%	-$1.4B+70.2%	-$4.9B
Dividends Paid	$91.0M-1.1%	$92.0M-1.1%	$93.0M-6.1%	$99.0M+6.5%	$93.0M+1.1%	$92.0M-5.2%	$97.0M+5.4%	$92.0M
Share Buybacks	$151.0M+49.5%	$101.0M+102.0%	$50.0M-50.0%	$100.0M	$0	$0+100.0%	-$16.0M	$0

CMA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	90.4%-20.0pp	110.4%-35.7pp	146.1%-0.7pp	146.7%+81.2pp	65.6%-94.9pp	160.5%
Return on Equity	10.7%-3.1pp	13.8%-8.5pp	22.2%+7.4pp	14.8%+8.6pp	6.2%-10.2pp	16.4%
Return on Assets	0.9%-0.1pp	1.0%-0.3pp	1.4%+0.1pp	1.2%+0.7pp	0.6%-1.1pp	1.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.02+0.1	0.97+0.4	0.58+0.2	0.35-0.4	0.71-0.3	0.99
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	94.1%-13.5pp	107.6%+13.6pp	94.0%+5.0pp	89.0%-12.5pp	101.5%+27.7pp	73.8%+56.6pp	17.2%-107.7pp	124.9%
Return on Equity	2.4%-0.5pp	2.9%+0.5pp	2.4%-0.2pp	2.6%-0.7pp	3.3%+1.1pp	2.3%+1.8pp	0.5%-4.5pp	5.1%
Return on Assets	0.2%-0.0pp	0.3%+0.0pp	0.2%+0.0pp	0.2%-0.1pp	0.3%+0.1pp	0.2%+0.1pp	0.0%-0.2pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.73-0.1	0.84+0.0	0.81-0.2	1.02-0.1	1.15-0.0	1.18+0.2	0.97-0.2	1.22
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Comerica's annual revenue?

Comerica (CMA) reported $772.0M in total revenue for fiscal year 2024. This represents a -3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Comerica's revenue growing?

Comerica (CMA) revenue declined by 3.3% year-over-year, from $798.0M to $772.0M in fiscal year 2024.

Is Comerica profitable?

Yes, Comerica (CMA) reported a net income of $698.0M in fiscal year 2024, with a net profit margin of 90.4%.

What is Comerica's earnings per share (EPS)?

Comerica (CMA) reported diluted earnings per share of $5.02 for fiscal year 2024. This represents a -22.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Comerica have?

As of fiscal year 2024, Comerica (CMA) had $6.8B in cash and equivalents against $6.7B in long-term debt.

What is Comerica's net profit margin?

Comerica (CMA) had a net profit margin of 90.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Comerica pay dividends?

Yes, Comerica (CMA) paid $2.84 per share in dividends during fiscal year 2024.

What is Comerica's return on equity (ROE)?

Comerica (CMA) has a return on equity of 10.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Comerica's operating cash flow?

Comerica (CMA) generated $601.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Comerica's total assets?

Comerica (CMA) had $79.3B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Comerica buy back shares?

Yes, Comerica (CMA) spent $100.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Comerica's debt-to-equity ratio?

Comerica (CMA) had a debt-to-equity ratio of 1.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Comerica's return on assets (ROA)?

Comerica (CMA) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Comerica's Piotroski F-Score?

Comerica (CMA) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Comerica's earnings high quality?

Comerica (CMA) has an earnings quality ratio of 0.86x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.