Comerica Financials
Comerica (CMA) reported $772.0M in revenue for fiscal year 2024, down 3.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
A costlier funding base and smaller asset pool are squeezing Comerica's earnings engine more than reported revenue suggests.
Interest expense climbed to$1.75B from$206M , showing the funding side of the balance sheet became far more expensive even before considering any growth question. At the same time, total assets fell to$79.3B and operating cash flow slipped to$601M , which means Comerica was earning on a smaller asset base while converting less of that earnings power into cash.
Even though equity capital recovered to
With cash at
Financial Health Signals
Scored against banks for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Comerica's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Comerica passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
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.
Key Financial Metrics
Earnings & Revenue
Comerica generated $772.0M in revenue in fiscal year 2024. This represents a decrease of 3.3% from the prior year.
Comerica reported $698.0M in net income in fiscal year 2024. This represents a decrease of 20.8% from the prior year.
Comerica earned $5.02 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 22.0% from the prior year.
Not reported for fiscal year 2024.
Cash & Balance Sheet
Comerica held $6.8B in cash against $6.7B in long-term debt as of fiscal year 2024.
Comerica paid $2.84 per share in dividends in fiscal year 2024. That is unchanged from the prior year.
Not reported for fiscal year 2024.
Margins & Returns
Comerica's net profit margin was 90.4% in fiscal year 2024, showing the share of revenue converted to profit. No change is given against fiscal year 2023: its reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Capital Allocation
Comerica spent $100.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
CMA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $746.0M | $772.0M-3.3% | $798.0M+1.3% | $788.0M-1.0% | $796.0M+5.0% | $758.0M+1.2% | $749.0M-0.8% | $755.0M-65.4% | $2.2B+14.3% | $1.9B+7.0% | $1.8B+1.9% | $1.8B-1.9% | $1.8B-4.2% | $1.9B+3.0% | $1.8B-2.4% | $1.9B |
| SG&A Expenses | $1.4B | $1.4B+3.5% | $1.3B+8.1% | $1.2B+6.6% | $1.1B+11.2% | $1.0B-0.1% | $1.0B+1.1% | $1.0B+5.0% | $961.0M-2.8% | $989.0M-2.0% | $1.0B+3.0% | $980.0M-2.9% | $1.0B-0.9% | $1.0B+4.4% | $975.0M+6.1% | $919.0M |
| Interest Expense | $1.5B | $1.7B+5.3% | $1.7B+706.3% | $206.0M+261.4% | $57.0M-68.7% | $182.0M-61.1% | $468.0M+75.3% | $267.0M+120.7% | $121.0M+8.0% | $112.0M+17.9% | $95.0M0.0% | $95.0M-15.2% | $112.0M-17.0% | $135.0M-13.5% | $156.0M-24.6% | $207.0M |
| Income Tax | $196.0M | $190.0M-27.8% | $263.0M-19.1% | $325.0M+0.9% | $322.0M+159.7% | $124.0M-63.1% | $336.0M+12.0% | $300.0M-38.9% | $491.0M+154.4% | $193.0M-15.7% | $229.0M-17.3% | $277.0M+13.1% | $245.0M+1.7% | $241.0M+75.9% | $137.0M+149.1% | $55.0M |
| Net Income | $717.0M | $698.0M-20.8% | $881.0M-23.5% | $1.2B-1.5% | $1.2B+135.0% | $497.0M-58.7% | $1.2B-2.7% | $1.2B+66.2% | $743.0M+55.8% | $477.0M-8.4% | $521.0M-12.1% | $593.0M+9.6% | $541.0M+3.8% | $521.0M+32.6% | $393.0M+41.9% | $277.0M |
| EPS (Diluted) | — | $5.02-22.0% | $6.44-24.0% | $8.47+1.4% | $8.35+143.4% | $3.43-56.6% | $7.90+9.7% | $7.20+73.9% | $4.14+54.5% | $2.68-5.6% | $2.84-10.1% | $3.16+10.9% | $2.85+6.7% | $2.67+27.8% | $2.09 | $0.88 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CMA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $79.3B-7.6% | $85.8B+0.5% | $85.4B-9.7% | $94.6B+7.4% | $88.1B+20.1% | $73.4B+3.6% | $70.8B-1.0% | $71.6B-1.9% | $73.0B+1.5% | $71.9B+3.9% | $69.2B+6.1% | $65.2B+0.2% | $65.1B+6.7% | $61.0B+13.7% | $53.7B |
| Cash & Equivalents | $6.8B-28.4% | $9.5B+51.3% | $6.3B-72.3% | $22.7B+43.8% | $15.8B+171.0% | $5.8B+27.6% | $4.6B-22.0% | $5.8B-19.0% | $7.2B+17.4% | $6.1B+1.3% | $6.1B-5.9% | $6.5B+42.3% | $4.5B+27.5% | $3.6B+70.7% | $2.1B |
| Goodwill | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M0.0% | $635.0M+323.3% | $150.0M |
| Total Liabilities | $72.8B-8.4% | $79.4B-1.0% | $80.2B-7.5% | $86.7B+8.3% | $80.1B+21.2% | $66.1B+4.4% | $63.3B-0.5% | $63.6B-2.4% | $65.2B+1.3% | $64.3B+4.1% | $61.8B+6.4% | $58.1B-0.1% | $58.1B+7.4% | $54.1B+13.1% | $47.9B |
| 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+12.5% | $6.5B+39.8% | $4.6B-10.4% | $5.2B+68.7% | $3.1B+14.3% | $2.7B-24.5% | $3.5B-24.9% | $4.7B-4.5% | $4.9B-19.5% | $6.1B |
| Total Equity | $6.5B+2.1% | $6.4B+23.6% | $5.2B-34.4% | $7.9B-1.9% | $8.1B+9.9% | $7.3B-2.4% | $7.5B-5.7% | $8.0B+2.1% | $7.8B+3.1% | $7.6B+2.1% | $7.4B+3.5% | $7.2B+3.0% | $6.9B+1.1% | $6.9B+18.5% | $5.8B |
| Retained Earnings | $12.0B+2.5% | $11.7B+4.2% | $11.3B+7.3% | $10.5B+7.9% | $9.7B+2.0% | $9.5B+8.6% | $8.8B+11.3% | $7.9B+7.6% | $7.3B+3.5% | $7.1B+5.0% | $6.7B+6.7% | $6.3B+6.5% | $5.9B+6.9% | $5.5B+5.7% | $5.2B |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
CMA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $125.0M | $601.0M-52.0% | $1.3B+96.1% | $638.0M+0.6% | $634.0M-31.7% | $928.0M-14.9% | $1.1B-32.5% | $1.6B+48.9% | $1.1B+123.3% | $486.0M-43.8% | $865.0M+35.4% | $639.0M-23.6% | $836.0M+20.8% | $692.0M-13.1% | $796.0M-38.1% | $1.3B |
| Investing Cash Flow | $773.0M | $3.3B-6.7% | $3.5B+135.1% | -$10.0B-677.6% | $1.7B+137.4% | -$4.6B-831.6% | -$494.0M-142.7% | $1.2B+1063.3% | -$120.0M+52.8% | -$254.0M+92.2% | -$3.3B+13.0% | -$3.7B-418.8% | $1.2B+131.9% | -$3.7B-333.0% | -$849.0M-170.4% | $1.2B |
| Financing Cash Flow | -$2.3B | -$6.6B-330.2% | -$1.5B+78.5% | -$7.1B-255.5% | $4.6B-66.6% | $13.6B+1961.0% | $661.0M+137.9% | -$1.7B+25.4% | -$2.3B-378.7% | $839.0M-66.0% | $2.5B-9.5% | $2.7B+3029.0% | -$93.0M-102.3% | $4.0B+159.6% | $1.5B+125.3% | -$6.0B |
| Dividends Paid | $375.0M | $377.0M+1.6% | $371.0M+5.1% | $353.0M-4.3% | $369.0M-1.6% | $375.0M-6.7% | $402.0M+52.9% | $263.0M+46.1% | $180.0M+18.4% | $152.0M+3.4% | $147.0M+7.3% | $137.0M+11.4% | $123.0M+26.8% | $97.0M+32.9% | $73.0M+114.7% | $34.0M |
| Share Buybacks | $402.0M | $100.0M | $0-100.0% | $36.0M-95.1% | $729.0M+266.3% | $199.0M-85.7% | $1.4B+4.2% | $1.3B+138.9% | $560.0M+75.0% | $320.0M+33.3% | $240.0M-7.7% | $260.0M-10.7% | $291.0M-5.5% | $308.0M+165.5% | $116.0M+2800.0% | $4.0M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CMA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 90.4% | 110.4% | 146.1% | 146.7% | 65.6% | 160.5% | 163.6% | 34.1%+9.1pp | 25.0%-4.2pp | 29.2%-4.7pp | 33.9%+3.6pp | 30.3%+2.4pp | 28.0%+6.3pp | 21.7%+6.8pp | 14.9% |
| 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%0.0pp | 16.4%+7.1pp | 9.3%+3.2pp | 6.1%-0.8pp | 6.9%-1.1pp | 8.0%+0.4pp | 7.6%+0.1pp | 7.5%+1.8pp | 5.7%+0.9pp | 4.8% |
| 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%-0.1pp | 1.7%+0.7pp | 1.0%+0.4pp | 0.7%-0.1pp | 0.7%-0.1pp | 0.9%0.0pp | 0.8%0.0pp | 0.8%+0.2pp | 0.6%+0.1pp | 0.5% |
| Debt-to-Equity | 1.02+0.1x | 0.97+0.4x | 0.58+0.2x | 0.35-0.4x | 0.71-0.3x | 0.99+0.1x | 0.86+0.3x | 0.58-0.1x | 0.66+0.3x | 0.400.0x | 0.36-0.1x | 0.50-0.2x | 0.680.0x | 0.72-0.3x | 1.06 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Comerica Ranks
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%.
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.
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 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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.
How financially healthy is Comerica?
Comerica (CMA) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.