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olivLaw · US equity research

Rogers Communications Inc. RCI

Cable & Other Pay Television Services · SIC 4841 · Vertical: Cable & Other Pay Television Services (SIC 4841)

34.61USD+3.72% · 1 dayClose 04 Nov 2026

Rogers Communications is a Canadian telecommunications group whose official fiscal 2025 filing, including audited financial statements and the annual report, was submitted to the SEC on Form 40-F. The document shows who leads the company, who audits its accounts and the roles of the audit committee and internal control, details that matter to readers following corporate transparency.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Rogers Communications Inc. (RCI) stock was 34.61 USD (+3.72% on the day), with beta 0.18, 52-week range 29.78–40.97 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
unavailable
P/E (TTM)
unavailable
Diluted EPS TTM 12.74 · TTM to 31 Dec 2025
E/P (TTM)
unavailable
TTM to 31 Dec 2025
Dividend yield
unavailable
Beta (2y)
0.18
Volatility (1y) 29%
52-week range
29.7840.97

Price history

Loading chart…

Technical reading

RSI (14)
64.0
strong (55–70)
Bollinger (20, 2)
29.62 – 34.25
above the upper band · %B 1.08 · band width 14.5%
SMA 50 / 200
33.40 / 35.65
mixed trend
MACD (12, 26, 9)
0.20 / -0.19
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+13.9%−1.1%+15.0 pp—
3 months+2.0%−0.5%+2.5 pp—
6 months−5.0%+4.4%−9.4 pp—
Year to date−8.3%+12.3%−20.6 pp—
1 year−9.1%+13.5%−22.6 pp−16.0%
3 years−15.1%+76.4%−91.5 pp−14.1%
5 years−26.9%+63.7%−90.6 pp—
Max drawdown (1y)
−27.3%
02 Mar 2026 → 09 Oct 2026
Max drawdown (5y)
−61.3%
20 Apr 2022 → 10 Apr 2025
Compound annual growth (5y)
−6.1%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

the price (USD) and the reports are in different currencies

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue15.1 bn15.1 bn13.9 bn14.7 bn15.4 bn19.3 bn20.6 bn21.7 bn
Revenue YoY+6.7%−0.2%−7.7%+5.3%+5.1%+25.4%+6.7%+5.4%
Net income2.1 bn2.0 bn1.6 bn1.6 bn1.7 bn849.0 m1.7 bn6.9 bn
Net income YoY+11.6%−0.8%−22.1%−2.1%+7.8%−49.5%+104.2%+297.6%
Diluted EPS3.993.973.133.073.321.623.2012.74
Diluted EPS YoY+11.8%−0.5%−21.2%−1.9%+8.1%−51.2%+97.5%+298.1%
net %13.6%13.6%11.4%10.6%10.9%4.4%8.4%31.8%
Free cash flow1.5 bn1.7 bn2.0 bnunavailable1.4 bn1.2 bn1.6 bn2.2 bn

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
1.3 bn CAD
Financial debt
39.9 bn CAD
Net debt
38.5 bn CAD
Equity
24.3 bn CAD
Total assets
90.0 bn CAD
Debt / equity
1.64x
Current ratio
0.61x
ROE
39.7%
ROA
8.5%
FCF margin
10.1%

Financial statements (source on every figure)

Revenue and net income (CAD)

Margins

Income statement · CAD

Revenue
2023
19.3 bn
2024
20.6 bn
2025
21.7 bn

SEC (XBRL)· 06 Mar 2026verified

Cost of revenue
2023
10.7 bn
2024
11.0 bn
2025
11.9 bn

SEC (XBRL)· 06 Mar 2026verified

Gross profit
2023
8.6 bn ≈
2024
9.6 bn ≈
2025
9.8 bn ≈

SEC (XBRL)· 06 Mar 2026derived

Operating income
2023
8.6 bn
2024
9.6 bn
2025
9.8 bn

SEC (XBRL)· 06 Mar 2026verified

Depreciation & amortisation
2023
4.1 bn
2024
4.6 bn
2025
4.8 bn

SEC (XBRL)· 06 Mar 2026verified

EBITDA
2023
12.7 bn ≈
2024
14.2 bn ≈
2025
14.6 bn ≈

SEC (XBRL)· 06 Mar 2026derived

Interest expense
2023
2.0 bn
2024
2.3 bn
2025
2.0 bn

SEC (XBRL)· 06 Mar 2026verified

Pre-tax income
2023
1.4 bn
2024
2.3 bn
2025
7.6 bn

SEC (XBRL)· 06 Mar 2026verified

Income tax
2023
517.0 m
2024
572.0 m
2025
720.0 m

SEC (XBRL)· 06 Mar 2026verified

Net income
2023
849.0 m
2024
1.7 bn
2025
6.9 bn

SEC (XBRL)· 06 Mar 2026verified

Diluted EPS
2023
1.62
2024
3.20
2025
12.74

SEC (XBRL)· 06 Mar 2026verified

Weighted average diluted shares
2023
524.0 m
2024
535.0 m
2025
541.0 m

SEC (XBRL)· 06 Mar 2026verified

Balance sheet · CAD

Cash
2023
800.0 m
2024
898.0 m
2025
1.3 bn

SEC (XBRL)· 06 Mar 2026verified

Receivables
2023
5.0 bn
2024
5.5 bn
2025
6.1 bn

SEC (XBRL)· 06 Mar 2026verified

Inventories
2023
456.0 m
2024
641.0 m
2025
550.0 m

SEC (XBRL)· 06 Mar 2026verified

Current assets
2023
7.8 bn
2024
8.4 bn
2025
9.5 bn

SEC (XBRL)· 06 Mar 2026verified

Property, plant & equipment, net
2023
—
2024
—
2025
—

SEC (XBRL)· 05 Mar 2021verified

Goodwill
2023
16.3 bn
2024
16.3 bn
2025
20.0 bn

SEC (XBRL)· 06 Mar 2026verified

Intangibles (excl. goodwill)
2023
17.9 bn
2024
17.9 bn
2025
28.9 bn

SEC (XBRL)· 06 Mar 2026verified

Total assets
2023
69.3 bn
2024
71.4 bn
2025
90.0 bn

SEC (XBRL)· 06 Mar 2026verified

Short-term debt
2023
1.8 bn
2024
3.0 bn
2025
4.0 bn

SEC (XBRL)· 06 Mar 2026verified

Long-term debt
2023
39.8 bn
2024
38.2 bn
2025
35.9 bn

SEC (XBRL)· 06 Mar 2026verified

Current liabilities
2023
8.8 bn
2024
12.6 bn
2025
15.7 bn

SEC (XBRL)· 06 Mar 2026verified

Total liabilities
2023
58.8 bn
2024
61.0 bn
2025
65.7 bn

SEC (XBRL)· 06 Mar 2026verified

Equity
2023
10.4 bn
2024
10.4 bn
2025
24.3 bn

SEC (XBRL)· 06 Mar 2026verified

Cash flow · CAD

Operating cash flow
2023
5.2 bn
2024
5.7 bn
2025
6.1 bn

SEC (XBRL)· 06 Mar 2026verified

Capex
2023
4.0 bn
2024
4.1 bn
2025
3.9 bn

SEC (XBRL)· 06 Mar 2026verified

Free cash flow
2023
1.2 bn ≈
2024
1.6 bn ≈
2025
2.2 bn ≈

SEC (XBRL)· 06 Mar 2026derived

Investing cash flow
2023
-20.2 bn
2024
-4.5 bn
2025
-8.2 bn

SEC (XBRL)· 06 Mar 2026verified

Financing cash flow
2023
2.5 bn
2024
-1.1 bn
2025
2.6 bn

SEC (XBRL)· 06 Mar 2026verified

Dividends paid
2023
960.0 m
2024
739.0 m
2025
913.0 m

SEC (XBRL)· 06 Mar 2026verified

Share repurchases
2023
—
2024
—
2025
—

SEC (XBRL)· 05 Mar 2021verified

Computed indicators

Growth

Revenue growth (YoY)
5.4%
computed by olivLawFY 2025
Revenue CAGR 3Y
12.1%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
9.3%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
2.1%
computed by olivLawFY 2025
Net income growth (YoY)
297.6%
computed by olivLawFY 2025
Net income CAGR 3Y
60.1%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
34.1%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
298.1%
computed by olivLawFY 2025
EPS CAGR 3Y
56.6%
computed by olivLawFY 2022 → FY 2025
EPS CAGR 5Y
32.4%
computed by olivLawFY 2020 → FY 2025
FCF growth (YoY)
39.0%
computed by olivLawFY 2025

Profitability

Gross margin
45.2%
computed by olivLawFY 2025
EBITDA margin
67.3%
computed by olivLawFY 2025
EBIT margin
45.2%
computed by olivLawFY 2025
Net margin
31.8%
computed by olivLawFY 2025
FCF margin
10.1%
computed by olivLawFY 2025

Returns

ROE
49.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
8.5%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
15.7%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROCE
13.2%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
41.6%
computed by olivLawFY 2025

Balance sheet

Net debt
38.5 bn CAD
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
2.6x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Debt / equity
2.2x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
4.8x
computed by olivLawFY 2025

Liquidity

Current ratio
0.6x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
0.6x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.1x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
6.1 bn CAD
computed by olivLawFY 2025
Capital expenditure
3.9 bn CAD
computed by olivLawFY 2025
Free cash flow
2.2 bn CAD
computed by olivLawFY 2025
FCF conversion
31.9%
computed by olivLawFY 2025
Cash conversion
41.4%
computed by olivLawFY 2025

Efficiency

Days sales outstanding
97 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days inventory outstanding
18 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Neutral profile

Score: 76 / 100

A scoring methodology on indicators and valuation, not investment advice.

Closing price

34.61 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Price and reporting are in different currencies; market indicators are unavailable.

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
49.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
31.8%
computed by olivLawFY 2025
Revenue growth (YoY)
5.4%
computed by olivLawFY 2025
Dividend yield
unavailable
input data missing

Coverage and freshness

32/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Source: SEC (XBRL)published 06 Mar 2026
verified 317

Score by group

  • Balance sheet59
  • Growth100
  • Quality68
  • Returns100

Estimated value range

unavailable — no valuation assumptions for the reporting currency

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

    Multiple comparisons use the SIC vertical: Cable & Other Pay Television Services (SIC 4841)

    Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

    Assumptions (illustrative, editorial)

    Risk-free rate
    6.5%
    Equity risk premium
    6.0%
    Beta (default)
    1.00
    Cost of equity
    12.5%
    Terminal growth
    3.0%

    Factor scorecard

    Neutral profile · Score 76/100

    FactorValueScoreWeight used
    ROIC · Quality15.7%89 (vs peers)16%
    Net margin · Quality31.8%100 (vs peers)10%
    FCF conversion · Quality31.9%3 (on a fixed band)10%
    Revenue CAGR 3Y · Growth12.1%100 (on a fixed band)13%
    EPS CAGR 3Y · Growth56.6%100 (on a fixed band)13%
    Net debt / EBITDA · Balance sheet2.6x88 (vs peers)16%
    Interest coverage · Balance sheet4.8x51 (on a fixed band)10%
    Current ratio · Balance sheet0.6x0 (on a fixed band)6%
    P/E (TTM) · Valuationunavailableunavailable—
    EV/EBITDA · Valuationunavailableunavailable—
    FCF yield · Valuationunavailableunavailable—
    Shareholder yield (distributions) · Returnsunavailableunavailable—
    Payout ratio (FCF) · Returns41.6%100 (on a fixed band)6%

    Factors without a value were dropped; the remaining weights were renormalised.

    Score groups

    • Balance sheet59/100 · 3/3 factors with a value
    • Growth100/100 · 2/2 factors with a value
    • Quality68/100 · 3/3 factors with a value
    • Returns· partial100/100 · 1/2 factors with a value
    • Valuation· partialunavailable · 0/3 factors with a value

    A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

    Memo

    Rogers Communications Inc. (RCI). Latest full fiscal year: 2025; data up to 2025-12-31.

    Figures computed from the financial statements: revenue 21.7 bn CAD in 2025; YoY growth 5.4%; net margin 31.8%; ROE 49.0%; net debt/EBITDA 2.6x.

    The estimated value range is 55.89–222.14 CAD per share (median of 1 methods, agreement: single method); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.

    olivLaw score 76/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns, valuation. Not investment advice.

    Text generated deterministically from the figures shown; no language model. Not investment advice.

    What supports the thesis

    • ROIC: 15.7%
    • Net margin: 31.8%
    • Revenue CAGR 3Y: 12.1%
    • EPS CAGR 3Y: 56.6%
    • Net debt / EBITDA: 2.6x
    • Payout ratio (FCF): 41.6%

    What contradicts it

    • FCF conversion: 31.9%
    • Current ratio: 0.6x

    Not assessed (insufficient data or a ratio without meaning): P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions).

    Versus the vertical median

    Cable & Other Pay Television Services (SIC 4841) · same industry (4-digit SIC) · compared with 12 companies

    Multiples and returns vs the median

    P/E
    —
    vertical median 16.6x
    EV/EBITDA
    —
    vertical median 17.1x
    P/S
    —
    vertical median 0.6x
    P/B
    —
    vertical median 2.4x
    ROE
    49.0%
    vertical median -5.6%
    above median
    Net margin
    31.8%
    vertical median -2.4%
    above median
    EBIT margin
    45.2%
    vertical median 5.0%
    above median (+796.8%)
    Revenue YoY
    5.4%
    vertical median -0.1%
    above median
    Net debt/EBITDA
    2.6x
    vertical median 6.6x
    below median (−60.2%)
    Dividend yield
    —
    vertical median 1.9%

    Price rebased to 100 (monthly, 5 years)

    Companies in the vertical

    Market capP/EROENet marginRevenue YoY1A / 3A
    WBDWarner Bros. Discovery, Inc.77.7 bn—-9.2%-8.8%−5.1%unavailable / unavailable
    CHTRCharter Communications, Inc.32.6 bn3.129.7%9.1%−0.6%−40% / −70%
    ROKURoku, Inc.24.1 bn48.218.2%9.3%+15.2%+68% / +56%
    ADEAAdeia Inc.1.9 bn16.625.9%25.0%+17.9%+37% / +84%
    OPTUOptimum Communications, Inc.188.1 m——-58.1%−4.1%−64% / −70%
    PAAIThe Arena Group Holdings, Inc.43.8 m4.8—9.3%+698.2%−78% / −60%
    CABOCable One, Inc.29.8 m—-126.2%-72.8%−4.9%−96% / −99%
    LILALiberty Latin America Ltd.——-32.1%-3.9%−0.1%+47% / +88%
    RCIRogers Communications Inc.——49.0%31.8%+5.4%−9% / −15%
    CCZComcast Corporation—20.111.9%9.2%−0.0%+1% / +17%
    LBTYALiberty Global Ltd.——-22.3%-44.4%+12.4%−16% / +16%
    AMCXAMC Global Media Inc.——-2.1%-0.9%−4.5%−5% / −44%
    GLIBALiberty Capital Corp——-21.0%-32.5%+3.0%−31% / unavailable

    1- and 3-year price returns: for RCI from daily closes (the same as the performance table), for the other companies from month-end closes.

    olivLaw engine forecast

    The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

    The engine has no published run for this company yet.

    Valuation scenarios (editable assumptions)

    Illustrative scenarios

    Scenarios are not available. input data missing

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 06 Mar 2026; since then the company filed 6-K (23 Oct 2026), 6-K (01 Oct 2026), 6-K (23 Sept 2026), 6-K (10 Sept 2026), 6-K (22 Jul 2026).

    In brief

    Rogers Communications is a Canadian telecommunications group whose official fiscal 2025 filing, including audited financial statements and the annual report, was submitted to the SEC on Form 40-F. The document shows who leads the company, who audits its accounts and the roles of the audit committee and internal control, details that matter to readers following corporate transparency.

    SWOT

    Strengths

    • Financial reporting is audited by an international firm and accompanied by a separate report on internal control 1.
    • The audit committee has a designated financial expert and independent members, in line with Canadian and US requirements 1.
    • The company publishes its codes of conduct and business conduct policy on its investor relations site 1.

    Weaknesses

    • The two-class share structure, with one class carrying voting rights, could concentrate decision-making control in few hands 1.
    • The document refers to many sections incorporated by reference, which makes the information harder to follow in a single reading 1.
    • Controlled company status can reduce board independence requirements, which may attract criticism 1.

    Opportunities

    • If dual reporting remains stable, the company could attract investors who compare Canadian and US information with ease 1.
    • The quarterly oversight of non-audit services could strengthen investor confidence in auditor independence 1.
    • Publishing codes on the investor relations site could facilitate dialogue with minority shareholders 1.

    Threats

    • If contractual and off-balance sheet obligations grow, financial flexibility could be constrained 1.
    • Changes in accounting or governance standards could raise compliance costs for the company 1.
    • Weak internal control could lead to restatements of financial statements, with effects on market confidence 1.

    Risks

    • Concentration of voting controlmedium

      The structure with voting and non-voting shares may limit the influence of minority shareholders over major decisions 1.

    • Effectiveness of internal controlmedium

      If internal control over financial reporting had deficiencies, the financial statements could contain material errors 1.

    • Contractual obligationsmedium

      Contractual and off-balance sheet obligations could affect cash flows if economic conditions worsen 1.

    • Compliance across two jurisdictionslow

      Meeting Canadian and US rules at the same time could generate higher costs and risks of reporting errors 1.

    • Auditor independencelow

      If non-audit services grew in weight, the auditor's independence could be questioned 1.

    Investment thesis

    What would need to be true (bull case)

    • Audited reporting and oversight by the audit committee provide a solid transparency framework for investors 1.
    • Dual Canadian and US compliance could make access easier for investors across several markets 1.
    • Publishing codes of conduct and internal policies suggests a formalised governance culture 1.

    What would break the thesis

    • The structure with voting shares may leave minority shareholders with limited influence over decisions 1.
    • Contractual and off-balance sheet obligations could reduce financial room for manoeuvre if conditions change 1.
    • The complexity of the document, with many cross-references, could make quick risk assessment harder for an ordinary investor 1.

    What to watch

    • Quarterly results and updates on internal controlQ1 2027
    • Next annual Form 40-F and any changes to the share structure2027
    • Trends in audit fees and non-audit servicesnext 10-K
    • Updates to contractual obligations in management's discussion2027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 06 Mar 2026; since then the company filed 6-K (23 Oct 2026), 6-K (01 Oct 2026), 6-K (23 Sept 2026), 6-K (10 Sept 2026), 6-K (22 Jul 2026).

    The business

    The analysed source is the Form 40-F filed by Rogers Communications Inc. for the year ended December 31, 2025, filed on March 6, 2026 1. The filing includes the annual information form, audited consolidated financial statements and management's discussion, all incorporated by reference 1. The company is led by a president and chief executive officer and a chief financial officer, who signed the certification 1.

    The independent auditor is KPMG LLP of Toronto, and the Audit and Risk Committee is made up of four directors, one of whom has been designated an audit committee financial expert 1. A Directors Code of Conduct and Ethics and a Business Conduct Policy apply to all directors, officers and employees 1.

    Outstanding shares are split into Class A voting shares and Class B non-voting shares as of the close of the period 1. The share structure is an important element for understanding control over the company 1.

    Segments

    Voting and non-voting shares

    The company has two classes of common shares, Class A voting and Class B non-voting, both outstanding at the end of 2025 1. The exact number of each class is shown on the cover page of the form 1.

    Financial reporting and audit

    The audited annual financial statements and the auditor's report on internal control over financial reporting are included in the filing 1. Fees paid to the auditor for 2025 and 2024 are broken down into audit, audit-related and tax categories 1.

    Governance and committees

    The Audit and Risk Committee oversees the audit and non-audit services, and its chair may approve services not on the pre-approved list 1. Statements on foreign private issuer status and the controlled company exemption refer to the annual information form 1.

    Market context

    Rogers Communications files its documents with the SEC on Form 40-F, which reflects a simplified reporting regime for Canadian issuers listed in the United States 1. The company is listed on the New York Stock Exchange, according to the section on exchange requirements 1.

    The two-class share structure and the controlled company disclosure show that major decisions may depend on voting arrangements within the firm 1. Investors analysing the company could compare these details with the governance requirements applying to US listings 1.

    Trends

    • Annual reporting in two jurisdictionsmixed

      Filing the annual information form and the audited financial statements together shows compliance with both Canadian and US requirements 1. This dual compliance could improve comparability of information for investors 1.

    • Internal control and transparencytailwind

      Management states it evaluated the effectiveness of internal control over financial reporting, and the auditor issued a separate report on the subject 1. Greater attention to internal control could reduce the risk of material misstatement 1.

    • Non-audit services under oversightmixed

      The audit committee reviews all services provided by the auditor each quarter, and projects not on the approved list require approval from the committee chair 1. This mechanism could limit conflicts of interest but adds administrative approval steps 1.

    Competitive position

    The official source analysed does not explicitly identify the company's competitors. The document focuses on the legal, financial and governance structure of the issuer, without describing the competitive market 1.

    Without a list of competitors in the source, any comparison with other telecommunications operators would need to be based on other documents, not on the Form 40-F analysed 1.

    • Competitors not named in the source

      The Form 40-F analysed does not name competitors; identifying them requires other sources.

    • Canadian telecommunications operators

      The source does not describe the Canadian telecommunications market or the other players in it.

    • Media service providers

      No competing company is mentioned in the official document on which this profile is based.

    • Other US-listed companies

      The document offers no list of comparable issuers, so this line remains empty based on the source.

    News & filings

    In the press

    Sources

    1. [1] Form 40-F, fiscal year ended 2025-12-31 · SEC / Rogers Communications Inc. · 06 Mar 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.