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Rogers Communications, Inc. (RCI) Financials

RCI
FY2025 annual
Revenue $15.8B +10.7% YoY
Net Income $5.0B +317.5% YoY
EPS (Diluted) $9.29 +318.1% YoY
Free Cash Flow $1.6B +46.0% YoY
Market Cap $17.2B as of Oct 21, 2026
Price / Sales 1.1x on $15.8B revenue, FY2025
Price / Earnings 3.4x on $5.0B net income, FY2025
Price / Book 1.3x on $12.9B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 21, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (40-F/6-K) Latest period FY2025, ended Dec 31, 2025 Reported Currency USD FYE December

Newest figures come from the 40-F for FY2025, filed Mar 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RCI SEC filings page.

Rogers Communications, Inc. (RCI) reported $15.8B in revenue for fiscal year 2025, up 10.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 53 / 100
Financial Health Score 53/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 Rogers Communications, Inc.'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.

Profitability
97

Rogers Communications, Inc. has an operating margin of 45.2%, meaning the company retains $45 of operating profit per $100 of revenue. This strong profitability earns a score of 97/100, reflecting efficient cost management and pricing power. This is down from 46.7% the prior year.

Growth
45

Rogers Communications, Inc.'s revenue grew 10.7% year-over-year to $15.8B, a solid pace of expansion. This earns a growth score of 45/100.

Leverage
27

Rogers Communications, Inc. has elevated debt relative to equity (D/E of 2.02), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.

Liquidity
7

Rogers Communications, Inc.'s current ratio of 0.61 is below the typical benchmark, resulting in a score of 7/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
61

Rogers Communications, Inc. has a free cash flow margin of 10.1%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
83

Rogers Communications, Inc. earns a strong 38.8% return on equity (ROE), meaning it generates $39 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 83/100. This is up from 16.7% the prior year.

Piotroski F-Score Partial
4/8

Rogers Communications, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
0.88x

For every $1 of reported earnings, Rogers Communications, Inc. generates $0.88 in operating cash flow ($4.4B OCF vs $5.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe
5.03x

Rogers Communications, Inc. earns $5.03 in operating income for every $1 of interest expense ($7.2B vs $1.4B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$15.8B
YoY+10.7%
5Y CAGR+7.7%

Rogers Communications, Inc. generated $15.8B in revenue in fiscal year 2025. This represents an increase of 10.7% from the prior year.

EBITDA
$10.7B
YoY+7.9%
5Y CAGR+9.9%

Rogers Communications, Inc.'s EBITDA was $10.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.9% from the prior year.

Net Income
$5.0B
YoY+317.5%
5Y CAGR+32.1%

Rogers Communications, Inc. reported $5.0B in net income in fiscal year 2025. This represents an increase of 317.5% from the prior year.

EPS (Diluted)
$9.29
YoY+318.1%
5Y CAGR+30.5%

Rogers Communications, Inc. earned $9.29 per diluted share (EPS) in fiscal year 2025. This represents an increase of 318.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.6B
YoY+46.0%

Rogers Communications, Inc. generated $1.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 46.0% from the prior year.

Cash & Debt
$980.2M
YoY+57.2%
5Y CAGR-12.8%

Rogers Communications, Inc. held $980.2M in cash against $26.2B in long-term debt as of fiscal year 2025.

Shares Outstanding
Diluted avg 541M

Rogers Communications, Inc. had a weighted average of 541M diluted shares in fiscal year 2025; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
45.2%
YoY-1.5pp
5Y change+3.1pp

Rogers Communications, Inc.'s gross margin was 45.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.

Operating Margin
45.2%
YoY-1.5pp
5Y change+3.1pp

Rogers Communications, Inc.'s operating margin was 45.2% in fiscal year 2025, reflecting core business profitability. This is down 1.5 percentage points from the prior year.

Net Margin
31.8%
YoY+23.3pp
5Y change+20.3pp

Rogers Communications, Inc.'s net profit margin was 31.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 23.3 percentage points from the prior year.

Return on Equity
38.8%
YoY+22.2pp
5Y change+22.2pp

Rogers Communications, Inc.'s ROE was 38.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 22.2 percentage points from the prior year.

Capital Allocation

Capital Expenditures
$2.8B
YoY-1.1%

Rogers Communications, Inc. invested $2.8B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 1.1% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

RCI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RCI annual income statement
MetricFY2540-FFY2440-FFY2340-FFY2240-FFY2140-FFY2040-FFY1940-FFY1840-FFY1740-FFY1640-F
Revenue$15.8B+10.7%$14.3B-2.2%$14.6B+28.5%$11.4B-0.8%$11.5B+5.1%$10.9B-6.2%$11.6B+5.1%$11.1B-2.1%$11.3B+10.7%$10.2B
Cost of Revenue$8.7B+13.7%$7.6B-6.1%$8.1B+22.1%$6.7B-3.0%$6.9B+8.6%$6.3B-7.6%$6.8B+2.4%$6.7B-5.7%$7.1B+9.7%$6.5B
Gross Profit$7.2B+7.2%$6.7B+2.7%$6.5B+37.6%$4.7B+2.5%$4.6B+0.3%$4.6B-4.2%$4.8B+9.3%$4.4B+4.0%$4.2B+12.5%$3.7B
Operating Income$7.2B+7.2%$6.7B+2.7%$6.5B+37.6%$4.7B+2.5%$4.6B+0.3%$4.6B-4.2%$4.8B+9.3%$4.4B-0.2%$4.4B+15.9%$3.8B
EBITDA$10.7B+7.9%$9.9B+2.7%$9.6B+45.2%$6.6B0.0%$6.6B-0.2%$6.6B-1.0%$6.7B+11.8%$6.0B-1.7%$6.1B+11.3%$5.5B
Interest Expense$1.4B+1.5%$1.4B+1.2%$1.4B+67.8%$826.9M+41.8%$583.1M-4.7%$611.6M+6.3%$575.5M+10.8%$519.6M-12.1%$591.2M+4.7%$564.6M
Income Tax$525.1M+32.2%$397.2M+1.4%$391.6M-13.0%$450.0M+1.1%$445.3M-2.1%$454.8M-17.2%$549.3M-1.1%$555.6M+1.5%$547.3M+126.8%$241.3M
Net Income$5.0B+317.5%$1.2B+87.2%$643.1M-48.2%$1.2B+1.8%$1.2B-2.3%$1.2B-20.8%$1.6B+4.4%$1.5B+2.4%$1.5B+137.0%$621.9M
EPS (Basic)$9.31+312.6%$2.26+83.9%$1.23-50.1%$2.46+1.8%$2.42-2.1%$2.47-19.8%$3.08+5.0%$2.93+2.5%$2.86+137.0%$1.21
EPS (Diluted)$9.29+318.1%$2.22+81.1%$1.23-50.0%$2.45+2.1%$2.40-2.1%$2.45-19.9%$3.06+4.7%$2.92+2.5%$2.85+136.4%$1.21
Diluted Shares (Avg)541M+1.1%535M+2.1%524M+3.6%506M0.0%506M0.0%506M-1.4%513M-0.6%516M-0.2%517M0.0%517M

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.

RCI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RCI annual balance sheet
MetricFY2540-FFY2440-FFY2340-FFY2240-FFY2140-FFY2040-FFY1940-FFY1840-FFY1740-FFY1640-F
Total Assets$65.6B+32.4%$49.6B-5.5%$52.5B+27.6%$41.1B+25.2%$32.8B+7.8%$30.5B+6.7%$28.6B+22.1%$23.4B-4.0%$24.4B+15.4%$21.1B
Current Assets$6.9B+19.0%$5.8B-2.0%$5.9B-58.4%$14.2B+212.4%$4.6B-16.0%$5.4B+37.6%$3.9B+10.2%$3.6B+8.7%$3.3B+72.2%$1.9B
Cash & Equivalents$980.2M+57.2%$623.6M+2.9%$606.0M+77.1%$342.2M-38.9%$559.6M-71.3%$1.9B+411.1%$381.1M+28.4%$296.8Mn/m$0n/m-$52.9M
Inventory$401.1M-9.9%$445.1M+28.9%$345.4M+6.7%$323.7M-22.7%$418.7M+11.5%$375.6M+5.8%$354.9M+3.9%$341.5M-1.7%$347.5M+48.1%$234.6M
Accounts Receivable$4.5B+17.0%$3.8B+0.5%$3.8B+22.4%$3.1B+2.7%$3.0B+34.4%$2.2B+22.2%$1.8B+11.9%$1.6B+0.8%$1.6B+12.0%$1.5B
Goodwill$14.6B+29.2%$11.3B-8.3%$12.3B+314.0%$3.0B-5.4%$3.1B+1.1%$3.1B+2.9%$3.0B+5.7%$2.9B-8.3%$3.1B+7.3%$2.9B
Total Liabilities$47.9B+13.1%$42.4B-4.9%$44.6B+32.4%$33.7B+36.9%$24.6B+7.1%$23.0B+7.8%$21.3B+22.4%$17.4B-5.3%$18.4B+6.9%$17.2B
Current Liabilities$11.4B+30.4%$8.8B+31.6%$6.7B-5.7%$7.1B+4.6%$6.7B+30.6%$5.2B+12.2%$4.6B-8.2%$5.0B-8.9%$5.5B+44.4%$3.8B
Non-Current Liabilities$36.5B+8.7%$33.6B-11.4%$37.9B+42.5%$26.6B+49.1%$17.9B+0.3%$17.8B+6.6%$16.7B+34.8%$12.4B-3.8%$12.9B-3.8%$13.4B
Long-Term Debt$26.2B-1.4%$26.5B-11.9%$30.1B+36.3%$22.1B+64.8%$13.4B+2.1%$13.1B+6.6%$12.3B+25.5%$9.8B-3.2%$10.1B-11.2%$11.4B
Total Equity$12.9B+79.2%$7.2B-8.6%$7.9B+6.0%$7.5B-9.5%$8.2B+9.8%$7.5B+3.3%$7.3B+21.5%$6.0B-0.1%$6.0B+27.9%$4.7B

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Retained Earnings.

RCI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RCI annual cash flow statement
MetricFY2540-FFY2440-FFY2340-FFY2240-FFY2140-FFY2040-FFY1940-FFY1840-FFY1740-FFY1640-F
Operating Cash Flow$4.4B+12.0%$3.9B-0.3%$4.0B+19.1%$3.3B+2.0%$3.3B-3.9%$3.4B-3.0%$3.5B+11.1%$3.1B-0.1%$3.1B+6.7%$2.9B
Depreciation & Amortization$3.5B+9.2%$3.2B+2.7%$3.1B+64.0%$1.9B-5.9%$2.0B-1.4%$2.1B+6.9%$1.9B+18.4%$1.6B-5.3%$1.7B+0.9%$1.7B
Capital Expenditures$2.8B-1.1%$2.8B-7.0%$3.1B+34.7%$2.3BN/A$1.8B-17.4%$2.2B+6.4%$2.1B+2.9%$2.0B+14.5%$1.8B
Free Cash Flow$1.6B+46.0%$1.1B+22.9%$893.0M-14.8%$1.0BN/A$1.6B+21.5%$1.3B+20.1%$1.1B-5.4%$1.1B-4.6%$1.2B
Investing Cash Flow-$6.0Bn/m-$3.1Bn/m-$15.3Bn/m-$2.4Bn/m-$4.8Bn/m-$2.0Bn/m-$3.6Bn/m-$2.2Bn/m-$2.1Bn/m-$1.8B
Financing Cash Flow$1.9Bn/m-$782.6M-141.7%$1.9B-77.6%$8.4B+5181.5%$158.9M-10.7%$178.0M+31.8%$135.0Mn/m-$683.8Mn/m-$993.0Mn/m-$1.2B
Dividends Paid$665.8M+29.7%$513.2M-29.4%$727.2M-2.6%$746.4M-5.6%$790.5M-0.3%$792.8M+1.1%$783.8M+8.2%$724.1M-8.3%$789.3M+7.3%$735.9M
Share BuybacksN/AN/AN/AN/AN/AN/A$505.3MN/AN/AN/A

Not reported in any period shown, so not listed: Stock-Based Compensation.

RCI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RCI annual financial ratios
MetricFY2540-FFY2440-FFY2340-FFY2240-FFY2140-FFY2040-FFY1940-FFY1840-FFY1740-FFY1640-F
Gross Margin45.2%-1.5pp46.7%+2.2pp44.4%+2.9pp41.5%+1.4pp40.2%-1.9pp42.1%+0.9pp41.2%+1.6pp39.6%+2.3pp37.3%+0.6pp36.7%
Operating Margin45.2%-1.5pp46.7%+2.2pp44.4%+2.9pp41.5%+1.4pp40.2%-1.9pp42.1%+0.9pp41.2%+1.6pp39.6%+0.7pp38.9%+1.7pp37.2%
Net Margin31.8%+23.3pp8.4%+4.0pp4.4%-6.5pp10.9%+0.3pp10.6%-0.8pp11.4%-2.1pp13.6%-0.1pp13.6%+0.6pp13.1%+7.0pp6.1%
Return on Equity38.8%+22.2pp16.7%+8.5pp8.1%-8.5pp16.7%+1.9pp14.8%-1.8pp16.6%-5.1pp21.7%-3.6pp25.3%+0.6pp24.6%+11.3pp13.3%
Return on Assets7.7%+5.2pp2.4%+1.2pp1.2%-1.8pp3.0%-0.7pp3.7%-0.4pp4.1%-1.4pp5.5%-0.9pp6.5%+0.4pp6.0%+3.1pp2.9%
Current Ratio0.61-0.1x0.66-0.2x0.89-1.1x2.02+1.3x0.68-0.4x1.05+0.2x0.86+0.1x0.71+0.1x0.60+0.1x0.50
Debt-to-Equity2.02-1.7x3.67-0.1x3.81+0.8x2.96+1.3x1.63-0.1x1.75+0.1x1.70+0.1x1.64-0.1x1.69-0.7x2.44
Liabilities-to-Equity3.70-2.2x5.86+0.2x5.64+1.1x4.51+1.5x2.98-0.1x3.06+0.1x2.930.0x2.91-0.2x3.07-0.6x3.67
Asset Turnover0.240.0x0.290.0x0.280.0x0.28-0.1x0.350.0x0.360.0x0.41-0.1x0.470.0x0.460.0x0.48
FCF Margin10.1%+2.4pp7.7%+1.6pp6.1%-3.1pp9.2%N/A14.4%+3.3pp11.2%+1.4pp9.8%-0.3pp10.1%-1.6pp11.7%

Note: The current ratio is below 1.0 (0.61), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Rogers Communications, Inc. RCI FY2025 $15.8B $5.0B 31.8% $17.2B 53/100
PT Telekomunikasi Indonesia TLK FY2025 N/A $1.4B N/A $11.6B —
BCE, Inc. BCE FY2025 $17.8B $4.8B 26.6% $18.6B 48/100
Telus Corporation TU FY2025 $15.0B $811.7M 5.4% $13.2B 42/100
Strive, Inc. 15% Series A Perpetual SATS Preferred Stock SATS FY2025 $15.0B -$14.5B -96.6% $30.1B 11/100

Frequently Asked Questions

What is Rogers Communications, Inc.'s annual revenue?

Rogers Communications, Inc. (RCI) reported $15.8B in total revenue for fiscal year 2025. This represents a 10.7% 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 Rogers Communications, Inc.'s revenue growing?

Rogers Communications, Inc. (RCI) revenue grew by 10.7% year-over-year, from $14.3B to $15.8B in fiscal year 2025.

Is Rogers Communications, Inc. profitable?

Yes, Rogers Communications, Inc. (RCI) reported a net income of $5.0B in fiscal year 2025, with a net profit margin of 31.8%.

Rogers Communications, Inc. (RCI) reported diluted earnings per share of $9.29 for fiscal year 2025. This represents a 318.1% 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.

Rogers Communications, Inc. (RCI) had EBITDA of $10.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Rogers Communications, Inc. (RCI) had $980.2M in cash and equivalents against $26.2B in long-term debt.

Rogers Communications, Inc. (RCI) had a gross margin of 45.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Rogers Communications, Inc. (RCI) had an operating margin of 45.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Rogers Communications, Inc. (RCI) had a net profit margin of 31.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Rogers Communications, Inc. (RCI) has a return on equity of 38.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Rogers Communications, Inc. (RCI) generated $1.6B in free cash flow during fiscal year 2025. This represents a 46.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Rogers Communications, Inc. (RCI) generated $4.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Rogers Communications, Inc. (RCI) had $65.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Rogers Communications, Inc. (RCI) invested $2.8B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Rogers Communications, Inc. (RCI) had a current ratio of 0.61 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Rogers Communications, Inc. (RCI) had a debt-to-equity ratio of 2.02 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

Rogers Communications, Inc. (RCI) had a liabilities-to-equity ratio of 3.70 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

Rogers Communications, Inc. (RCI) had a return on assets of 7.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Rogers Communications, Inc. (RCI) trades at 3.4x earnings, its market capitalization divided by $5.0B net income, FY2025. The market capitalization is $17.2B as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Rogers Communications, Inc. (RCI) trades at 1.1x sales, its market capitalization divided by $15.8B revenue, FY2025. The market capitalization is $17.2B as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Rogers Communications, Inc. (RCI) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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.

Rogers Communications, Inc. (RCI) has an earnings quality ratio of 0.88x, 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.

Rogers Communications, Inc. (RCI) has an interest coverage ratio of 5.03x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Rogers Communications, Inc. (RCI) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.

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