Rogers Communications Inc (RCI-B) - Net Assets

Latest as of December 2025: CA$24.29 Billion CAD ≈ $17.57 Billion USD

Based on the latest financial reports, Rogers Communications Inc (RCI-B) has net assets worth CA$24.29 Billion CAD (≈ $17.57 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$90.01 Billion ≈ $65.11 Billion USD) and total liabilities (CA$65.73 Billion ≈ $47.55 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$24.29 Billion
% of Total Assets	26.98%
Annual Growth Rate	11.56%
5-Year Change	130.59%
10-Year Change	360.92%
Growth Volatility	230.11

Rogers Communications Inc - Net Assets Trend (1994–2025)

This chart illustrates how Rogers Communications Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Rogers Communications Inc (1994–2025)

The table below shows the annual net assets of Rogers Communications Inc from 1994 to 2025.

Year	Net Assets	Change
2025-12-31	CA$24.29 Billion ≈ $17.57 Billion	+133.45%
2024-12-31	CA$10.40 Billion ≈ $7.53 Billion	-0.35%
2023-12-31	CA$10.44 Billion ≈ $7.55 Billion	+3.45%
2022-12-31	CA$10.09 Billion ≈ $7.30 Billion	-4.18%
2021-12-31	CA$10.53 Billion ≈ $7.62 Billion	+10.02%
2020-12-31	CA$9.57 Billion ≈ $6.92 Billion	+1.67%
2019-12-31	CA$9.42 Billion ≈ $6.81 Billion	+15.12%
2018-12-31	CA$8.18 Billion ≈ $5.92 Billion	+28.86%
2017-12-31	CA$6.35 Billion ≈ $4.59 Billion	+20.46%
2016-12-31	CA$5.27 Billion ≈ $3.81 Billion	-8.29%
2015-12-31	CA$5.75 Billion ≈ $4.16 Billion	+4.82%
2014-12-31	CA$5.48 Billion ≈ $3.96 Billion	+17.39%
2013-12-31	CA$4.67 Billion ≈ $3.38 Billion	+23.91%
2012-12-31	CA$3.77 Billion ≈ $2.73 Billion	+5.49%
2011-12-31	CA$3.57 Billion ≈ $2.58 Billion	-9.78%
2010-12-31	CA$3.96 Billion ≈ $2.86 Billion	-7.35%
2009-12-31	CA$4.27 Billion ≈ $3.09 Billion	-9.60%
2008-12-31	CA$4.73 Billion ≈ $3.42 Billion	+2.23%
2007-12-31	CA$4.62 Billion ≈ $3.34 Billion	+10.10%
2006-12-31	CA$4.20 Billion ≈ $3.04 Billion	+19.06%
2005-12-31	CA$3.53 Billion ≈ $2.55 Billion	+22.66%
2004-12-31	CA$2.88 Billion ≈ $2.08 Billion	+46.68%
2003-12-31	CA$1.96 Billion ≈ $1.42 Billion	+27.60%
2002-12-31	CA$1.54 Billion ≈ $1.11 Billion	-41.82%
2001-12-31	CA$2.64 Billion ≈ $1.91 Billion	+4.36%
2000-12-31	CA$2.53 Billion ≈ $1.83 Billion	+55.48%
1999-12-31	CA$1.63 Billion ≈ $1.18 Billion	+4023.25%
1998-12-31	CA$-41.49 Million ≈ $-30.01 Million	+91.98%
1997-12-31	CA$-517.37 Million ≈ $-374.26 Million	-1237.12%
1996-12-31	CA$45.50 Million ≈ $32.91 Million	-86.67%
1995-12-31	CA$341.29 Million ≈ $246.88 Million	-58.30%
1994-12-31	CA$818.49 Million ≈ $592.08 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Rogers Communications Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1680223201000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CA$16.53 Billion	68.06%
Other Components	CA$7.76 Billion	31.94%
Total Equity	CA$24.29 Billion	100.00%

Rogers Communications Inc Competitors by Market Cap

The table below lists competitors of Rogers Communications Inc ranked by their market capitalization.

Company	Market Cap
Textron Inc NYSE:TXT	$15.31 Billion
IDEX Corporation NYSE:IEX	$15.32 Billion
SPIC Dongfang New Energy Corp SHE:000958	$15.33 Billion
Bank of Baroda NSE:BANKBARODA	$15.33 Billion
LI AUTO INC. (SP.ADR)/2 F:L87A	$15.28 Billion
China CITIC Bank Corporation Limited F:D7C	$15.28 Billion
Shenwan Hongyuan Group Co Ltd SHE:000166	$15.27 Billion
VODACOM GROUP LTD. SP.ADR F:5VD0	$15.26 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Rogers Communications Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 10,403,000,000 to 24,286,000,000, a change of 13,883,000,000 (133.5%).
Net income of 6,894,000,000 contributed positively to equity growth.
Dividend payments of 1,046,000,000 reduced retained earnings.
Other comprehensive income increased equity by 2,548,000,000.
Other factors increased equity by 5,487,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$6.89 Billion	+28.39%
Dividends Paid	CA$1.05 Billion	-4.31%
Other Comprehensive Income	CA$2.55 Billion	+10.49%
Other Changes	CA$5.49 Billion	+22.59%
Total Change	CA$-	133.45%

Book Value vs Market Value Analysis

This analysis compares Rogers Communications Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.09x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 19.41x to 1.09x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1994-12-31	CA$2.54	CA$49.26	x
1995-12-31	CA$0.85	CA$49.26	x
1996-12-31	CA$0.14	CA$49.26	x
1997-12-31	CA$-1.45	CA$49.26	x
1998-12-31	CA$-0.10	CA$49.26	x
1999-12-31	CA$3.19	CA$49.26	x
2000-12-31	CA$5.16	CA$49.26	x
2001-12-31	CA$6.00	CA$49.26	x
2002-12-31	CA$2.82	CA$49.26	x
2003-12-31	CA$3.79	CA$49.26	x
2004-12-31	CA$6.03	CA$49.26	x
2005-12-31	CA$6.11	CA$49.26	x
2006-12-31	CA$6.54	CA$49.26	x
2007-12-31	CA$7.20	CA$49.26	x
2008-12-31	CA$7.41	CA$49.26	x
2009-12-31	CA$6.88	CA$49.26	x
2010-12-31	CA$6.83	CA$49.26	x
2011-12-31	CA$6.53	CA$49.26	x
2012-12-31	CA$7.22	CA$49.26	x
2013-12-31	CA$9.01	CA$49.26	x
2014-12-31	CA$10.60	CA$49.26	x
2015-12-31	CA$11.11	CA$49.26	x
2016-12-31	CA$10.23	CA$49.26	x
2017-12-31	CA$12.32	CA$49.26	x
2018-12-31	CA$15.88	CA$49.26	x
2019-12-31	CA$18.35	CA$49.26	x
2020-12-31	CA$18.92	CA$49.26	x
2021-12-31	CA$20.81	CA$49.26	x
2022-12-31	CA$19.94	CA$49.26	x
2023-12-31	CA$19.92	CA$49.26	x
2024-12-31	CA$19.44	CA$49.26	x
2025-12-31	CA$45.06	CA$49.26	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Rogers Communications Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 28.39%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 31.75%
• Asset Turnover: 0.24x
• Equity Multiplier: 3.71x
Recent ROE (28.39%) is above the historical average (-5.61%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1994	-22.38%	-7.47%	0.37x	8.16x	CA$-243.12 Million
1995	-104.95%	-10.52%	0.47x	21.44x	CA$-310.34 Million
1996	-611.75%	-11.21%	0.41x	132.19x	CA$-282.88 Million
1997	0.00%	-20.01%	0.44x	0.00x	CA$-487.65 Million
1998	0.00%	22.36%	0.44x	0.00x	CA$638.98 Million
1999	56.85%	27.04%	0.49x	4.31x	CA$692.59 Million
2000	5.85%	4.04%	0.45x	3.26x	CA$-100.18 Million
2001	-17.97%	-11.10%	0.44x	3.71x	CA$-675.91 Million
2002	22.22%	7.22%	0.51x	6.07x	CA$171.63 Million
2003	7.31%	2.67%	0.57x	4.79x	CA$-47.54 Million
2004	-0.46%	-0.24%	0.42x	4.61x	CA$-300.82 Million
2005	-1.27%	-0.60%	0.54x	3.92x	CA$-397.42 Million
2006	14.81%	7.04%	0.63x	3.36x	CA$202.00 Million
2007	13.77%	6.29%	0.66x	3.31x	CA$174.20 Million
2008	21.20%	8.84%	0.66x	3.62x	CA$529.30 Million
2009	34.59%	12.60%	0.69x	3.98x	CA$1.05 Billion
2010	38.60%	12.54%	0.70x	4.38x	CA$1.13 Billion
2011	43.76%	12.58%	0.68x	5.14x	CA$1.21 Billion
2012	45.12%	13.62%	0.64x	5.21x	CA$1.32 Billion
2013	35.75%	13.14%	0.54x	5.05x	CA$1.20 Billion
2014	24.47%	10.44%	0.48x	4.84x	CA$792.90 Million
2015	24.04%	10.30%	0.46x	5.08x	CA$806.50 Million
2016	15.85%	6.09%	0.48x	5.38x	CA$308.10 Million
2017	26.96%	12.10%	0.49x	4.55x	CA$1.08 Billion
2018	25.17%	13.64%	0.47x	3.90x	CA$1.24 Billion
2019	21.70%	13.55%	0.41x	3.93x	CA$1.10 Billion
2020	16.63%	11.44%	0.36x	4.06x	CA$634.70 Million
2021	14.79%	10.63%	0.35x	3.98x	CA$504.80 Million
2022	16.65%	10.91%	0.28x	5.51x	CA$670.80 Million
2023	8.13%	4.40%	0.28x	6.64x	CA$-195.00 Million
2024	16.67%	8.42%	0.29x	6.86x	CA$693.70 Million
2025	28.39%	31.75%	0.24x	3.71x	CA$4.47 Billion

Industry Comparison

This section compares Rogers Communications Inc's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $2,760,861,359
Average return on equity (ROE) among peers: 10.27%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Rogers Communications Inc (RCI-B)	CA$24.29 Billion	-22.38%	2.71x	$15.29 Billion
Adya Inc (ADYA)	$1.29 Million	6.91%	1.11x	$6.32 Million
BCE Inc (BCE)	$8.37 Billion	12.24%	1.83x	$22.01 Billion
Cogeco Communications Inc (CCA)	$1.60 Billion	18.71%	2.34x	$1.35 Billion
Cogeco Inc. (CGO)	$737.89 Million	9.40%	1.49x	$354.54 Million
Quebecor Inc (QBR-A)	$75.17 Million	17.45%	1.75x	$2.98 Billion
Quebecor Inc (QBR-B)	$5.04 Billion	1.32%	2.00x	$6.28 Billion
Rogers Communications Inc (RCI-A)	$4.67 Billion	35.75%	4.05x	$4.01 Billion
Telus Corp (T)	$4.32 Billion	8.09%	0.81x	$19.02 Billion
TeraGo Inc. (TGO)	$41.92 Million	-17.40%	1.10x	$26.24 Million

About Rogers Communications Inc

TO:RCI-B Canada Telecom Services

Market Cap

$15.29 Billion

CA$21.14 Billion CAD

Market Cap Rank

#1589 Global

#58 in Canada

Share Price

CA$49.26

Change (1 day)

-3.66%

52-Week Range

CA$34.89 - CA$56.05

All Time High

CA$71.37