RCINYSECable & Other Pay Television ServicesFiscal year ends December 31Also trades as RCIAF
ROGERS COMMUNICATIONS INC
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 6, 2026
$31.64−0.34 (-1.06%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
45.2%+3.1 pts over 5 years
Operating margin
45.2%+3.1 pts over 5 years
Net margin
31.8%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.4% | +12.1% | +9.3% | – | |
| Gross profit | +2.1% | +15.4% | +10.9% | – | |
| Operating income | +2.1% | +15.4% | +10.9% | – | |
| Net income | +297.6% | – | – | – | |
| EPS, diluted | +298.1% | +56.6% | +32.4% | – | |
| Free cash flow | +39.0% | +15.7% | +1.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | – | – | 8.5% | |
| Current ratio | 0.70 | 1.05 | 0.61 | |
| Debt to equity | – | – | 2.31 | |
| Net debt to EBITDA | 2.29× | 2.00× | 2.72× | |
| Interest coverage | 6.7× | 6.6× | 4.8× | |
| Inventory turnover | – | 17.2× | 20.0× | |
| Capex to revenue | 17.2% | 16.6% | 17.8% | |
| Diluted shares | 517M | 506M | 541M |
Cash use needs five years of cash flow figures
Rogers Communications does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin31.8%
×Asset turnover0.27×
×Equity multiplier5.73×
=Return on equity, FY202549.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 31.8% | 0.27× | 5.73× | 49.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zeroC$6.89B
- Cash generatingOperating cash flow above zeroC$6.06B
- Return on assets improvedROA up on the prior year2.5% → 9.7%
- Earnings backed by cashOperating cash flow above net incomeC$6.06B vs C$6.89B
- Less leverageLong-term debt to assets fell53.5% → 39.9%
- Better liquidityCurrent ratio rose0.66 → 0.61
- No dilutionShare count did not rise535M → 541M
- Gross margin improvedGross margin up on the prior year46.68% → 45.23%
- More efficientAsset turnover rose0.30 → 0.30