BCENYSETelephone Communications (No Radiotelephone)Fiscal year ends December 31Also trades as BCAEF, BCEFF, BCEIF, BCENF, BCEPF, BCEXF, BCPPF, BECEF
BCE INC
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 6, 2026
$19.82−0.51 (-2.51%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
68.4%−1.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.2% | +0.4% | +1.3% | – | |
| Gross profit | +0.3% | +0.4% | +1.0% | – | |
| EPS, diluted | +3672.2% | +31.6% | +19.7% | – | |
| Free cash flow | +6.5% | +0.6% | -1.5% | – | |
| Dividend per share | -42.1% | -14.4% | -7.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | 0.57 | 0.69 | 0.58 | |
| Debt to equity | 1.15 | 1.25 | 1.78 | |
| Inventory turnover | – | 16.1× | 19.1× | |
| Capex to revenue | 17.4% | 18.4% | 15.1% | |
| Diluted shares | 870M | 904M | 929M |
Where the cash went
Fiscal 2021 to 2025, five years combined
BCE generated C$38.30B from operations and spent C$40.05B on capital expenditure, dividends and share buybacks. 55% of that went back into the business.
Generated
C$38.30B
Used
C$40.05B
Capital expenditureC$22.16B55%DividendsC$16.66B42%Share buybacksC$1.23B3%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zeroC$6.99B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net incomeC$6.99B vs –
- Less leverageLong-term debt to assets fell44.7% → 43.5%
- Better liquidityCurrent ratio rose0.60 → 0.58
- No dilutionShare count did not rise912M → 929M
- Gross margin improvedGross margin up on the prior year68.43% → 68.45%
- More efficientAsset turnover rose0.34 → 0.33