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ValueScreener company report

Rogers Communications Inc. (RCI)

NYSE / Communication Services / Telecommunications Services

Share price

31.05 USD Market dataClose of Oct 14, 2026

Market capitalisation

16.77B USD Market dataClose of Oct 14, 2026
Market data
Oct 14, 2026
Filed accounts
FY2025, filed Mar 6, 2026
Ratios computed
Oct 14, 2026
Filed years
10, FY2016 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

14.7% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

3.46x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

9.2% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 13.70B CADFY2016 Net income: 835.0M CADFY2017 Revenue: 14.14B CADFY2017 Net income: 1.84B CADFY2018 Net income: 2.06B CADFY2019 Net income: 2.04B CADFY2020 Net income: 1.59B CADFY2021 Net income: 1.56B CADFY2022 Net income: 1.68B CADFY2023 Net income: 849.0M CADFY2024 Net income: 1.73B CADFY2025 Net income: 6.89B CAD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
5 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 3.46x at the close of 2026-10-14 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits below the lowest.

Today, against the Telecommunications Services industry (31 companies), 3.46x sits at the 7th percentile; the middle half of that group runs from 8.80x to 22.98x.

Is it good

Return on invested capital was 14.7% in FY2025, in the band labelled "Above the cost of capital" (12.0% to 20.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Communication Services sector (80 companies), 14.7% sits at the 85th percentile; the middle half of that group runs from -2.3% to 8.8%.

Is it safe

Interest coverage was 4.81x in FY2025, in the band labelled "Investment grade" (3.00x to 6.00x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether Rogers Communications Inc.'s return on invested capital stayed above the median of the Communication Services sector, year by year. (FY2023 to FY2025, 3 fiscal years of Rogers Communications Inc. with a comparable figure)
The direction
Which way Rogers Communications Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Rogers Communications Inc.)
What could explain it
What in Rogers Communications Inc.'s filed statements could explain the movements. (3 readings drawn from the statement lines Rogers Communications Inc. filed)
What to check next
What to check next on Rogers Communications Inc., and where in its filings. (4 questions for Rogers Communications Inc.)
In one paragraph
One paragraph on Rogers Communications Inc.'s returns, cash, balance sheet and price. (11 of sixteen figures read for Rogers Communications Inc.)

These are RCI’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research RCIPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 40-F, filed Mar 6, 2026, accession 0000733099-26-000009.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Rogers Communications Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax14.7% ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Return on equity38.8% ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Return on capital employed, pre-tax13.2% ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Return on assets7.7% ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Gross margin
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Operating margin
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Net margin
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Rogers Communications Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity2.49 ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Current ratio0.61 ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Quick ratio0.57 ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Interest coverage4.81x ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Altman Z-score
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedClose of Oct 14, 2026 · FY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Net debt42.83B ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Total assets 90.01BTotal liabilities 65.73BShareholders' equity 17.75BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Rogers Communications Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (40-F, filed Mar 6, 2026, 0000733099-26-000009).

Rogers Communications Inc: balance sheet position
Total assets90.01B FiledFY2025 40-F, filed Mar 6, 2026
Total liabilities65.73B FiledFY2025 40-F, filed Mar 6, 2026
Shareholders' equity17.75B FiledFY2025 40-F, filed Mar 6, 2026
Cash1.34B FiledFY2025 40-F, filed Mar 6, 2026
Total debt44.18B FiledFY2025 40-F, filed Mar 6, 2026
Net debt42.83B
Current ratio0.61
Debt to equity2.49

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Rogers Communications Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings3.46x ComputedClose of Oct 14, 2026 · FY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 14, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.34x ComputedClose of Oct 14, 2026 · FY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Price to sales
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedClose of Oct 14, 2026 · FY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Enterprise value to EBIT6.79x ComputedClose of Oct 14, 2026 · FY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Enterprise value to EBITDA4.56x ComputedClose of Oct 14, 2026 · FY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 14, 2026 · FY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Diluted earnings per share
Why n/a

The FY2025 filing carries no diluted earnings per share we could read.

n/a FiledFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009

We publish no fair value or price target of our own. Value RCI on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Rogers Communications Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Rogers Communications Inc: valuation
Share price31.05 USD
Market capitalisation16.77B USD
Enterprise value to EBITDA4.56x
Graham numbern/a
Diluted earnings per sharen/a

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like Rogers Communications Inc

  1. BCE Inc. (BCE)Market cap 18.34B USD
  2. Charter Communications, Inc. (CHTR)Market cap 14.17B USD
  3. SK Telecom Co.,Ltd (SKM)Market cap 13.01B USD
  4. América Móvil, S.A.B. de C.V. (AMX)Market cap 65.54B USD
  5. TELUS Corporation (TU)Market cap 12.66B USD

Same industry (Telecommunications Services) and size band (Large, 10B to 200B), nearest in market value and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Rogers Communications Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield9.2% ComputedClose of Oct 14, 2026 · FY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Free cash flow2.20B CAD ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Free cash flow margin
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Dividend yield3.8% ComputedClose of Oct 14, 2026 · FY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Payout ratio13.2% ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
FY2016 Free cash flow: 1.60B CADFY2016 Net income: 835.0M CADFY2017 Free cash flow: 1.43B CADFY2017 Net income: 1.84B CADFY2018 Free cash flow: 1.47B CADFY2018 Net income: 2.06B CADFY2019 Free cash flow: 1.68B CADFY2019 Net income: 2.04B CADFY2020 Free cash flow: 2.01B CADFY2020 Net income: 1.59B CADFY2021 Net income: 1.56B CADFY2022 Free cash flow: 1.42B CADFY2022 Net income: 1.68B CADFY2023 Free cash flow: 1.18B CADFY2023 Net income: 849.0M CADFY2024 Free cash flow: 1.58B CADFY2024 Net income: 1.73B CADFY2025 Free cash flow: 2.20B CADFY2025 Net income: 6.89B CAD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filing

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Rogers Communications Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
3.46xFY2025Oct 14, 2026
1.34xFY2025Oct 14, 2026
6.79xFY2025Oct 14, 2026
9.2%FY2025Oct 14, 2026
14.7%FY2025Mar 6, 2026
3.8%FY2025Oct 14, 2026
2.49FY2025Mar 6, 2026
0.61FY2025Mar 6, 2026
n/aFY2025Oct 14, 2026
n/a Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
n/aFY2025Oct 14, 2026
n/a The filed income statement reports no earnings per share.
n/aFY2025Oct 14, 2026
n/a Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
n/aFY2025Mar 6, 2026
n/a Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
n/aFY2025Mar 6, 2026
n/a Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 14, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Rogers Communications Inc filed with the SEC. Each year names its filing. Amounts in CAD, as filed.

Rogers Communications Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2025n/a9.82B6.89Bn/a2.20Bn/a38.8%40-F, Mar 6, 20260000733099-26-000009
FY2024n/a9.62B1.73Bn/a1.58Bn/a16.7%40-F, Mar 6, 20250000733099-25-000006
FY2023n/a8.58B849.0Mn/a1.18Bn/a8.1%40-F, Mar 6, 20240000733099-24-000006
FY2022n/a6.39B1.68Bn/a1.42Bn/a16.6%40-F, Mar 10, 20230000733099-23-000006
FY2021n/a5.89B1.56Bn/an/an/a14.8%40-F, Mar 4, 20220000733099-22-000006
FY2020n/a5.86B1.59Bn/a2.01Bn/a16.6%40-F, Mar 5, 20210000733099-21-000006
FY2019n/a6.21B2.04Bn/a1.68Bn/a21.7%40-F, Mar 6, 20200000733099-20-000006
FY2018n/a5.98B2.06Bn/a1.47Bn/a25.3%40-F, Mar 7, 20190000733099-19-000008
FY201714.14B5.50B1.84Bn/a1.43B38.9%24.6%40-F, Mar 8, 20180000733099-18-000006
FY201613.70B5.09B835.0Mn/a1.60B37.2%13.3%40-F, Mar 8, 20180000733099-18-000006
  • Revenue, compound annual growth FY2016 to FY2017: 3.2%
  • Earnings, compound annual growth FY2016 to FY2025: 26.4%
  • Earnings per share: Fewer than two filed years carry earnings per share.
  • Free cash flow, compound annual growth FY2016 to FY2025: 3.5%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Rogers Communications Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Piotroski F-score
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedFY2025 40-F, filed Mar 6, 2026, 0000733099-26-000009
Named tests met5 of 30 Computed
Beta0.16 ComputedClose of Oct 14, 2026

The named tests

Of 30 tests value investors published: 5 met, 16 not met, 9 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
ROIC at or above WACC; Owner earnings yield; Cash-covered dividend; Cash-flow yield and ROIC; Cheapest quarter on P/E (David Dreman)
Does not
Defensive investor (Benjamin Graham); Deep value; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Low PEG, low debt (Peter Lynch); High returns and growth; High yield, low payout; Low beta, profitable; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
Not measured
Large cap, low P/E; Three forensic scores; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; Dividends and buybacks; Near the 52-week low; P/E times P/B (Benjamin Graham); Low P/S, rising earnings (James O'Shaughnessy); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(13)
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • Piotroski F-Score: Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
  • Altman Z-Score: Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
  • Beneish M-Score: Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Rev Growth 5Y: Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
  • Gross Margin: Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
  • Asset Turnover: Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • P/S Ratio: Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
  • Price Tangible Book: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 13 figures could not be read on this company, among them Positive Earnings Streak, Piotroski F-Score, Altman Z-Score. Each blank in the table above names the rest, with its reason. 9 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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