Rogers Communications (RCI)
Market Price (3/30/2026): $38.49 | Market Cap: $20.9 BilSector: Communication Services | Industry: Integrated Telecommunication Services
Rogers Communications (RCI)
Market Price (3/30/2026): $38.49Market Cap: $20.9 BilSector: Communication ServicesIndustry: Integrated Telecommunication Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 37%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 33%, FCF Yield is 10% | Weak multi-year price returns2Y Excs Rtn is -20%, 3Y Excs Rtn is -66% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 205% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.94 | Key risksRCI key risks include [1] a substantial debt load following its recent acquisitions and [2] potential reputational damage due to a history of service reliability issues. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, CFO LTM is 6.1 Bil, FCF LTM is 2.1 Bil | ||
| Low stock price volatilityVol 12M is 23% | ||
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Wireless Services, and Telecom Infrastructure. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 37%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 33%, FCF Yield is 10% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, CFO LTM is 6.1 Bil, FCF LTM is 2.1 Bil |
| Low stock price volatilityVol 12M is 23% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Wireless Services, and Telecom Infrastructure. |
| Weak multi-year price returns2Y Excs Rtn is -20%, 3Y Excs Rtn is -66% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.94 |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 205% |
| Key risksRCI key risks include [1] a substantial debt load following its recent acquisitions and [2] potential reputational damage due to a history of service reliability issues. |
Qualitative Assessment
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Rogers Communications (RCI) stock has remained largely at the same level since 11/30/2025 because of the following key factors:
1. Rogers Communications reported strong financial results for the fourth quarter of 2025, significantly surpassing market expectations. The company's earnings per share (EPS) of $1.51 exceeded forecasts of $1.01 by 49.5%. Additionally, revenue reached $6.17 billion, outperforming projections by 42.49% and marking a 13% year-over-year increase. Consolidated service revenue rose by 16% to C$5.3 billion, and adjusted EBITDA grew by 6% to C$2.7 billion. This robust performance led to a 4.19% pre-market increase in the stock price following the announcement.
2. The company issued an optimistic financial outlook for 2026, projecting continued growth. Rogers Communications anticipates service revenue growth of 3% to 5%, Adjusted EBITDA growth of 1% to 3%, and a substantial increase in free cash flow to between C$3.3 billion and C$3.5 billion. This positive guidance signals management's confidence in future performance and operational efficiency.
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1. Rogers Communications reported strong financial results for the fourth quarter of 2025, significantly surpassing market expectations. The company's earnings per share (EPS) of $1.51 exceeded forecasts of $1.01 by 49.5%. Additionally, revenue reached $6.17 billion, outperforming projections by 42.49% and marking a 13% year-over-year increase. Consolidated service revenue rose by 16% to C$5.3 billion, and adjusted EBITDA grew by 6% to C$2.7 billion. This robust performance led to a 4.19% pre-market increase in the stock price following the announcement.
2. The company issued an optimistic financial outlook for 2026, projecting continued growth. Rogers Communications anticipates service revenue growth of 3% to 5%, Adjusted EBITDA growth of 1% to 3%, and a substantial increase in free cash flow to between C$3.3 billion and C$3.5 billion. This positive guidance signals management's confidence in future performance and operational efficiency.
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Stock Movement Drivers
Fundamental Drivers
The 0.3% change in RCI stock from 11/30/2025 to 3/29/2026 was primarily driven by a 3.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.39 | 38.49 | 0.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 21,021 | 21,712 | 3.3% |
| Net Income Margin (%) | 32.1% | 31.8% | -1.1% |
| P/E Multiple | 3.1 | 3.0 | -1.3% |
| Shares Outstanding (Mil) | 540 | 543 | -0.6% |
| Cumulative Contribution | 0.3% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| RCI | 0.3% | |
| Market (SPY) | -5.3% | 1.1% |
| Sector (XLC) | -6.9% | 31.7% |
Fundamental Drivers
The 10.6% change in RCI stock from 8/31/2025 to 3/29/2026 was primarily driven by a 334.3% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.81 | 38.49 | 10.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20,802 | 21,712 | 4.4% |
| Net Income Margin (%) | 7.3% | 31.8% | 334.3% |
| P/E Multiple | 12.4 | 3.0 | -75.5% |
| Shares Outstanding (Mil) | 540 | 543 | -0.6% |
| Cumulative Contribution | 10.6% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| RCI | 10.6% | |
| Market (SPY) | 0.6% | 3.5% |
| Sector (XLC) | -3.3% | 23.1% |
Fundamental Drivers
The 46.5% change in RCI stock from 2/28/2025 to 3/29/2026 was primarily driven by a 331.9% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.28 | 38.49 | 46.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20,458 | 21,712 | 6.1% |
| Net Income Margin (%) | 7.4% | 31.8% | 331.9% |
| P/E Multiple | 9.3 | 3.0 | -67.5% |
| Shares Outstanding (Mil) | 534 | 543 | -1.7% |
| Cumulative Contribution | 46.5% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| RCI | 46.5% | |
| Market (SPY) | 9.8% | 13.8% |
| Sector (XLC) | 6.2% | 18.1% |
Fundamental Drivers
The -8.7% change in RCI stock from 2/28/2023 to 3/29/2026 was primarily driven by a -77.5% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.14 | 38.49 | -8.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,149 | 21,712 | 43.3% |
| Net Income Margin (%) | 10.4% | 31.8% | 205.0% |
| P/E Multiple | 13.5 | 3.0 | -77.5% |
| Shares Outstanding (Mil) | 505 | 543 | -7.0% |
| Cumulative Contribution | -8.7% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| RCI | -8.7% | |
| Market (SPY) | 69.4% | 23.9% |
| Sector (XLC) | 106.7% | 23.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RCI Return | 6% | 2% | 3% | -32% | 29% | 4% | 1% |
| Peers Return | 8% | -19% | 7% | -7% | -5% | 7% | -12% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| RCI Win Rate | 42% | 50% | 42% | 33% | 50% | 67% | |
| Peers Win Rate | 60% | 43% | 57% | 50% | 58% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| RCI Max Drawdown | -7% | -20% | -19% | -33% | -22% | -6% | |
| Peers Max Drawdown | -7% | -29% | -12% | -21% | -16% | -5% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BCE, TU, CMCSA, CHTR, T.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | RCI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -39.2% | -25.4% |
| % Gain to Breakeven | 64.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -36.4% | -33.9% |
| % Gain to Breakeven | 57.2% | 51.3% |
| Time to Breakeven | 358 days | 148 days |
| 2018 Correction | ||
| % Loss | -19.8% | -19.8% |
| % Gain to Breakeven | 24.6% | 24.7% |
| Time to Breakeven | 294 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -62.7% | -56.8% |
| % Gain to Breakeven | 168.0% | 131.3% |
| Time to Breakeven | 3,108 days | 1,480 days |
Compare to BCE, TU, CMCSA, CHTR, T
In The Past
Rogers Communications's stock fell -39.2% during the 2022 Inflation Shock from a high on 4/20/2022. A -39.2% loss requires a 64.3% gain to breakeven.
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About Rogers Communications (RCI)
Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device and accessory financing, wireless home phone, device protection, e-mail, global voice and data roaming, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device delivery services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands to approximately 11.3 million subscribers. It also provides Internet and WiFi services; smart home monitoring services, such as monitoring, security, automation, energy efficiency, and smart control through a smartphone app. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, and integrated apps; personal video recorders; linear and time-shifted programming; digital specialty channels; 4K television programming; and televised content on smartphones, tablets, and personal computers, as well as operates Ignite TV and Ignite TV app. Further, it provides residential and small business local telephony services; calling features, such as voicemail, call waiting, and long distance; voice, data networking, Internet protocol, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; IT and network technologies; and cable access network services. The company also owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN television networks, as well as 55 AM and FM radio stations. The company was founded in 1960 and is headquartered in Toronto, Canada.
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It's like a **Canadian AT&T or Verizon combined with Comcast**.
Imagine a **Canadian AT&T or Verizon that also owns a major league baseball team (the Toronto Blue Jays) and several national TV and radio networks**.
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- Wireless Communication Services: Provides mobile internet, voice, and advanced wireless solutions for consumers and businesses, including device financing and IoT services, under brands like Rogers, Fido, and chatr.
- Internet & WiFi Services: Offers high-speed internet and WiFi connectivity for both residential and business customers.
- Smart Home Monitoring: Delivers smart home solutions encompassing security, automation, energy efficiency, and remote control capabilities.
- Television Services: Provides a wide array of TV content and features, including live channels, on-demand, DVR, 4K programming, and multi-device access via platforms like Ignite TV.
- Residential & Small Business Telephony: Offers local phone services and calling features such as voicemail, call waiting, and long distance.
- Enterprise Business Solutions: Provides comprehensive voice, data networking, IP, cloud, private networking, and IT services tailored for businesses.
- Sports & Entertainment Media: Owns and operates sports teams (Toronto Blue Jays), event venues (Rogers Centre), various television networks (e.g., Sportsnet, Citytv, OMNI), and numerous AM/FM radio stations.
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Rogers Communications (RCI) primarily sells its services to individuals.
Its major categories of individual customers include:
- Wireless Subscribers: Individuals who subscribe to mobile internet, wireless voice, and data services under the Rogers, Fido, and chatr brands.
- Residential Internet, TV, and Smart Home Customers: Individuals who subscribe to home internet, WiFi, television services (including local, network, on-demand, and 4K programming), and smart home monitoring services.
- Residential Home Phone Customers: Individuals subscribing to local telephony services for their homes.
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- Ericsson (ERIC)
- Nokia (NOK)
- Cisco Systems (CSCO)
- Apple (AAPL)
- Samsung (005930.KS)
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```htmlTony Staffieri
President & CEO
Tony Staffieri is the President and CEO of Rogers Communications, a position he has held permanently since January 2022, after serving as interim CEO from November 2021. Prior to his appointment as CEO, he served as Chief Financial Officer at Rogers for nine years, where he was instrumental in delivering strong results, operational execution, and improvements to customer experience. He is also the Honorary Chair of the Toronto Metropolitan University Board of Governors and Deputy Chair of the Board of Directors of Maple Leaf Sports & Entertainment (MLSE).
Glenn Brandt
Chief Financial Officer
Glenn Brandt has been the Chief Financial Officer of Rogers Communications since January 2022. He joined Rogers 34 years ago and has held various senior leadership roles within the company, including Senior Vice President, Corporate Finance from September 2016 to January 2022. In this previous role, he oversaw Treasury, Tax, Corporate Development, Investor Relations, and Procurement and Supply Chain. Mr. Brandt brings over 40 years of extensive experience in financial management and capital markets to his role.
Navdeep Bains
Chief Corporate Affairs Officer
Navdeep Bains was appointed Chief Corporate Affairs Officer for Rogers Communications on May 15, 2023. In this capacity, he is responsible for leading the company's Public Policy and Environmental, Social and Governance (ESG) efforts. Before joining Rogers, Mr. Bains served as Vice Chair of global investment banking at CIBC and previously held the position of Minister of Innovation, Science, and Industry.
Marisa Wyse
Chief Legal Officer and Corporate Secretary
Marisa Wyse has served as the Chief Legal Officer and Corporate Secretary of Rogers Communications since January 2022. She is responsible for leading the legal and governance affairs across the organization. Ms. Wyse joined Rogers in 2014 and has progressed through several senior leadership roles, playing a key role in driving important business initiatives, including the Rogers-Shaw merger. She was recognized as the Canadian General Counsel of the Year in 2023.
Mahes Wickramasinghe
President, Group Operations
Mahes Wickramasinghe joined Rogers in January 2022 and was appointed President, Group Operations in February 2024. In this role, he oversees Customer Experience (including Digital), Capital Management, Financial Services (including Rogers Bank), Procurement, and Corporate Security. He has more than two decades of experience in senior executive roles, leading operations and managing complex acquisitions, including serving as President and CEO of Canadian Tire Financial Services and Executive Vice President International and Chief Corporate Officer at Canadian Tire Corporation.
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- Intense Competition and Regulatory Pressure: Rogers Communications operates in highly competitive wireless, cable, and media markets in Canada. The company faces ongoing competition from established players such as Bell and Telus in wireless and wireline services, as well as from smaller regional competitors. This competitive environment, combined with significant regulatory oversight from bodies like the CRTC and ISED, can exert downward pressure on pricing, impact subscriber growth, and increase compliance costs. Regulatory decisions regarding spectrum auctions, wholesale access rates, and consumer pricing can directly influence Rogers' profitability and market strategy.
- Significant Capital Expenditure Requirements: Maintaining and upgrading its extensive network infrastructure (including 5G for wireless and fiber for cable internet) requires substantial ongoing capital investment. The continuous need to deploy new technologies, expand network coverage, and enhance capacity to meet growing data demands and competitive pressures necessitates significant financial outflows. Failure to invest adequately could result in a loss of competitive advantage, customer churn, and decreased service quality.
- Evolving Media Consumption Habits and Content Costs: Rogers' media segment, encompassing TV networks, radio stations, and sports properties like the Toronto Blue Jays, faces challenges from rapidly changing consumer preferences. The shift from traditional linear television to on-demand and streaming services ("cord-cutting") impacts advertising revenues and viewership. Concurrently, the cost of acquiring and retaining rights for premium sports and entertainment content remains high and competitive, which can compress margins in its media operations.
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The increasing shift towards direct-to-consumer (DTC) streaming by sports leagues and content owners represents a clear emerging threat to traditional sports broadcasters, including Rogers' Sportsnet. This model allows consumers to subscribe directly to watch games, potentially bypassing the need for cable packages that include Sportsnet. While direct streaming options have existed, the accelerating trend and potential for major leagues to move more premium content exclusively to their own platforms could significantly erode Sportsnet's viewership and the value of its broadcast rights.
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Rogers Communications Inc. operates in various addressable markets across Canada, primarily within telecommunications and media. The sizes of these markets are as follows:
Overall Telecommunications Market (Canada)
- In 2024, the Canadian telecommunications sector generated C$59.6 billion in total revenues.
- The market is projected to reach approximately C$106.7 billion (US$78,020.6 million converted at 1 USD = 1.367 CAD) by 2030.
Wireless Services Market (Canada)
- The market size for Wireless Telecommunications Carriers in Canada was C$33.5 billion in 2024.
- In 2023, mobile services represented 55.2% of the total telecommunications revenues in Canada.
Internet Services Market (Canada)
- The Canadian internet access market recorded revenues of C$11.30 billion in 2024.
- Fixed Internet made up over a quarter (28%) of all telecommunications revenues in 2023.
Television Services Market (Canada)
- The market size of TV Broadcasting in Canada was C$2.7 billion in 2025.
- The broader Canada television market reached around C$2.43 billion (USD 1.78 Billion converted at 1 USD = 1.367 CAD) in 2025. It is projected to reach approximately C$3.02 billion (USD 2.21 Billion converted at 1 USD = 1.367 CAD) by 2035.
Digital Media Market (Canada)
- The Canada digital media market generated a revenue of approximately C$56.2 billion (USD 41,088.9 million converted at 1 USD = 1.367 CAD) in 2023.
- This market is expected to reach approximately C$131.8 billion (US$96,397.8 million converted at 1 USD = 1.367 CAD) by 2030.
Video Streaming Market (Canada)
- The video streaming (streaming media industry) market in Canada generated a revenue of approximately C$20.5 billion (USD 15.0 billion converted at 1 USD = 1.367 CAD) in 2023.
- It is expected to reach approximately C$77.5 billion (US$56.7 billion converted at 1 USD = 1.367 CAD) by 2030.
Residential Telephony Services (Canada)
- Traditional telephone services represent a dwindling share of telecommunications revenues in Canada, with revenue from wireline local access and long-distance services decreasing nearly 18% since 2019.
Business IT Services and Network Technologies (Canada)
- The Canada IT services market size reached approximately C$82.2 billion (USD 60.08 billion converted at 1 USD = 1.367 CAD) in 2025.
- This market is forecast to climb to approximately C$175.6 billion (USD 128.46 billion converted at 1 USD = 1.367 CAD) by 2030.
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```htmlRogers Communications Inc. (RCI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives across its Wireless, Cable, and Media segments:
- Ongoing Benefits from Shaw Integration: The successful integration of Shaw Communications continues to be a significant driver of revenue. Rogers expects to realize further synergies and leverage its expanded customer base in both wireless and cable, leading to sustained subscriber growth and cross-selling opportunities.
- Wireless Subscriber Expansion and 5G Service Innovation: Future revenue growth is anticipated from increasing its mobile phone subscriber base, driven by continued sales execution and a growing Canadian market. The ongoing expansion of Rogers' 5G network and the introduction of innovative 5G services, such as satellite-to-mobile connectivity, are also expected to contribute to this growth by offering higher value and attracting new customers.
- Media Segment Growth and MLSE Monetization: The Media segment is poised for substantial revenue growth, significantly bolstered by the acquisition of a controlling interest in Maple Leaf Sports & Entertainment (MLSE). Rogers plans to unlock significant unrecognized value from these enhanced sports and media assets.
- Average Revenue Per User (ARPU) Enhancement: Despite competitive market conditions, Rogers aims to increase its Average Revenue Per User (ARPU). This will be achieved through a strategy of disciplined pricing and by offering premium, feature-rich 5G services that provide greater value to customers.
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Share Issuance
- Rogers issued $165 million of shares via its Dividend Reinvestment Plan (DRIP) in 2025.
- As part of the Shaw acquisition, 23.6 million Class B Shares of Rogers were issued to the Shaw family.
- Shares outstanding increased from approximately 0.506 billion in 2021 to 0.541 billion in 2025.
Inbound Investments
- In 2025, Rogers closed a US$4.85 billion (CAD 6.7 billion) network transaction with Blackstone for a 49.9% non-controlling interest in Backhaul Network Services Inc., with proceeds primarily used for debt repayment.
Outbound Investments
- Rogers completed the acquisition of Shaw Communications Inc. for approximately CAD 26 billion, inclusive of about CAD 6 billion of Shaw debt, in April 2023.
- Rogers acquired Bell's 37.5% indirect interest in Maple Leaf Sports & Entertainment (MLSE) for $4.7 billion in cash on July 1, 2025, increasing its ownership to 75%.
- The company plans to purchase the remaining 25% minority interest in MLSE later in 2026.
Capital Expenditures
- Capital expenditures averaged $2.616 billion from fiscal years 2021 to 2025.
- Capital expenditures for 2025 were $3.707 billion.
- For 2026, capital expenditures are projected to be in the range of $3.3 billion to $3.5 billion, focusing on maintaining network advantages and accelerating 5G rollout.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Rogers Communications Stock Pre-Market (-5.7%): Issues Full-Year Guidance Cut | 01/13/2026 | |
| null | 10/17/2025 | |
| Fundamental Metrics: ... | 06/19/2024 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to RCI.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02132026 | YELP | Yelp | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 6.2% | 6.2% | -5.7% |
| 02132026 | TRIP | Tripadvisor | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.2% | 5.2% | 0.0% |
| 02062026 | OMC | Omnicom | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 22.1% | 22.1% | -3.7% |
| 02062026 | MGNI | Magnite | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 20.6% | 20.6% | -0.8% |
| 01302026 | RBLX | Roblox | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 4.4% | 4.4% | -7.9% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 28.71 |
| Mkt Cap | 25.7 |
| Rev LTM | 39,621 |
| Op Inc LTM | 9,372 |
| FCF LTM | 3,854 |
| FCF 3Y Avg | 3,322 |
| CFO LTM | 11,535 |
| CFO 3Y Avg | 11,144 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.6% |
| Rev Chg 3Y Avg | 1.0% |
| Rev Chg Q | 0.5% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Mgn LTM | 21.0% |
| Op Mgn 3Y Avg | 21.2% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 28.2% |
| CFO/Rev 3Y Avg | 27.4% |
| FCF/Rev LTM | 12.5% |
| FCF/Rev 3Y Avg | 10.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 25.7 |
| P/S | 1.0 |
| P/EBIT | 2.9 |
| P/E | 5.4 |
| P/CFO | 3.4 |
| Total Yield | 21.1% |
| Dividend Yield | 4.6% |
| FCF Yield 3Y Avg | 10.5% |
| D/E | 1.7 |
| Net D/E | 1.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.9% |
| 3M Rtn | 4.8% |
| 6M Rtn | 1.2% |
| 12M Rtn | 2.3% |
| 3Y Rtn | -15.9% |
| 1M Excs Rtn | 5.1% |
| 3M Excs Rtn | 12.8% |
| 6M Excs Rtn | 4.9% |
| 12M Excs Rtn | -7.5% |
| 3Y Excs Rtn | -75.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Wireless | 10,595 | 10,222 | 9,197 | 8,768 | 8,530 |
| Cable | 7,876 | 7,005 | 4,071 | 4,072 | 3,946 |
| Media | 2,242 | 2,335 | 2,277 | 1,975 | 1,606 |
| Corporate items and eliminations | -109 | -254 | -149 | -160 | -166 |
| Total | 20,604 | 19,308 | 15,396 | 14,655 | 13,916 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Wireless | 5,312 | 4,986 | 4,469 | 4,067 | |
| Cable | 4,518 | 3,774 | 2,058 | 1,935 | |
| Media | 88 | 77 | 69 | 51 | |
| Corporate items and eliminations | -301 | -256 | -203 | -196 | |
| Depreciation and amortization | -4,616 | -4,121 | -2,576 | -2,618 | |
| Total | 5,001 | 4,460 | 3,817 | 3,239 |
Price Behavior
Price Behavior
| Market Price | $38.49 | |
| Market Cap ($ Bil) | 20.8 | |
| First Trading Date | 01/11/1996 | |
| Distance from 52W High | -5.3% | |
| 50 Days | 200 Days | |
| DMA Price | $38.13 | $35.49 |
| DMA Trend | up | up |
| Distance from DMA | 0.9% | 8.5% |
| 3M | 1YR | |
| Volatility | 23.6% | 22.7% |
| Downside Capture | 0.08 | 0.04 |
| Upside Capture | 41.80 | 45.86 |
| Correlation (SPY) | 6.8% | 14.7% |
RCI Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.33 | -0.47 | -0.52 | -0.15 | 0.12 | 0.33 |
| Up Beta | -0.78 | -0.30 | -0.30 | 0.14 | 0.14 | 0.31 |
| Down Beta | 0.62 | -0.53 | -0.51 | -0.16 | 0.09 | 0.21 |
| Up Capture | 17% | -20% | -41% | -0% | 24% | 11% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 12 | 20 | 31 | 63 | 135 | 370 |
| Down Capture | -127% | -84% | -79% | -54% | -11% | 71% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 21 | 30 | 60 | 115 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RCI | |
|---|---|---|---|---|
| RCI | 45.3% | 22.7% | 1.57 | - |
| Sector ETF (XLC) | 9.1% | 18.3% | 0.33 | 19.4% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 14.6% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 12.6% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 11.3% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 32.4% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 9.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RCI | |
|---|---|---|---|---|
| RCI | -1.0% | 21.1% | -0.11 | - |
| Sector ETF (XLC) | 8.1% | 20.7% | 0.31 | 26.8% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 31.2% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 17.2% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 13.1% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 40.5% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 12.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RCI | |
|---|---|---|---|---|
| RCI | 3.4% | 22.4% | 0.14 | - |
| Sector ETF (XLC) | 8.7% | 22.4% | 0.47 | 37.5% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 44.5% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 10.1% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 19.9% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 47.2% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 12.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/23/2025 | 6-K |
| 06/30/2025 | 07/23/2025 | 6-K |
| 03/31/2025 | 04/23/2025 | 6-K |
| 12/31/2024 | 03/06/2025 | 40-F |
| 09/30/2024 | 10/24/2024 | 6-K |
| 06/30/2024 | 07/24/2024 | 6-K |
| 03/31/2024 | 04/24/2024 | 6-K |
| 12/31/2023 | 03/06/2024 | 40-F |
| 09/30/2023 | 11/09/2023 | 6-K |
| 06/30/2023 | 07/26/2023 | 6-K |
| 03/31/2023 | 04/26/2023 | 6-K |
| 12/31/2022 | 03/10/2023 | 40-F |
| 09/30/2022 | 11/09/2022 | 6-K |
| 06/30/2022 | 07/27/2022 | 6-K |
| 03/31/2022 | 04/20/2022 | 6-K |
| 12/31/2021 | 03/04/2022 | 40-F |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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