Rogers Communications
RCI · NYSECable & Other Pay Television Services · Fiscal year ends Dec 31 · Reports in CAD
Net income was CAD 6.9B. Operating cash flow of CAD 6.1B less capital expenditure of CAD 3.9B left free cash flow of CAD 2.2B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cost of revenue | CAD 8.8B | CAD 9B | CAD 10.7B | CAD 11B | CAD 11.9B |
| Operating income | CAD 5.9B | CAD 6.4B | CAD 8.6B | CAD 9.6B | CAD 9.8B |
| Interest expense | CAD 849M | CAD 1.2B | CAD 2B | CAD 2.3B | CAD 2B |
| Pre-tax income | CAD 2.1B | CAD 2.3B | CAD 1.4B | CAD 2.3B | CAD 7.6B |
| Income tax | CAD 569M | CAD 609M | CAD 517M | CAD 572M | CAD 720M |
| Net income | CAD 1.6B | CAD 1.7B | CAD 849M | CAD 1.7B | CAD 6.9B |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | CAD 715M | CAD 463M | CAD 800M | CAD 898M | CAD 1.3B |
| Receivables | CAD 3.8B | CAD 4.2B | CAD 5B | CAD 5.5B | CAD 6.1B |
| Inventory | CAD 535M | CAD 438M | CAD 456M | CAD 641M | CAD 550M |
| Current assets | CAD 5.8B | CAD 19.3B | CAD 7.8B | CAD 8.4B | CAD 9.5B |
| Goodwill | CAD 4B | CAD 4B | CAD 16.3B | CAD 16.3B | CAD 20B |
| Total assets | CAD 42B | CAD 55.7B | CAD 69.3B | CAD 71.4B | CAD 90B |
| Current liabilities | CAD 8.6B | CAD 9.5B | CAD 8.8B | CAD 12.6B | CAD 15.7B |
| Total liabilities | CAD 31.4B | CAD 45.6B | CAD 58.8B | CAD 61B | CAD 65.7B |
| Shareholders' equity | CAD 10.5B | CAD 10.1B | CAD 10.4B | CAD 10.4B | CAD 17.8B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | CAD 4.2B | CAD 4.5B | CAD 5.2B | CAD 5.7B | CAD 6.1B |
| Capital expenditure | – | CAD 3.1B | CAD 4B | CAD 4.1B | CAD 3.9B |
| Free cash flow | – | CAD 1.4B | CAD 1.2B | CAD 1.6B | CAD 2.2B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating income growth (YoY) | – | 8.6% | 34.2% | 12.1% | 2.1% |
| Return on equityBlank when equity is negative | 14.8% | 16.6% | 8.1% | 16.7% | 38.9% |
| ROCEEBIT ÷ (assets − current liabilities) | 17.7% | 13.9% | 14.2% | 16.4% | 13.2% |
| Cash conversion (CFO ÷ net income) | 2.67x | 2.67x | 6.15x | 3.28x | 0.88x |
| Inventory days | 22 | 18 | 16 | 21 | 17 |
| Interest cover | 6.93x | 5.18x | 4.19x | 4.19x | 4.81x |
| Current ratio | 0.68x | 2.02x | 0.89x | 0.66x | 0.61x |
Recent filings
More in Cable & Other Pay Television Services
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.