OakChart

BCE Inc

BCECommunication Services·Telecom Services·Canada·Large·NYSE·Nov 11 • 12:39 PM ET

21.47-0.17 (-0.79%)
2026-11-11 18:39 CET
Market cap
20,179.86 USD m
Revenue, TTM
17,966.47 USD m
Net income, TTM
1,728.16 USD m
Free cash flow, TTM
1,774.84 USD m
EPS diluted, TTM
1.85
P/E
11.59
Compare

Price

BCE against its 20, 50 and 200-day averages
2050200beatmiss
20.0022.0024.005.2M10.3MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26BCEclose 21.4720-day 20.6550-day 21.10200-day 23.3021.4752w low

19.0% under the 52-week high of 26.52 on 3 Mar 2026. 52-week low 18.68 on 9 Oct 2026. Last 15 sessions, 11.3% high to low

Profile

BCE
52-week range, 36% of the way up
18.6826.52

BCE, Inc. is a telecommunications and media company, which provides communication services to residential, business, and wholesale customers. It operates through the following segments: Bell Communication and Technology Services (Bell CTS) and bell media. The Bell CTS segment provides a wide range of communication products and services to consumers, businesses and government customers across Canada. The Bell Media segment includes conventional, specialty and pay television, digital media, radio broadcasting services, and out-of-home advertising services. The company was founded on February 25, 1970 and is headquartered in Verdun, Canada.

Employees38683
IPOJul 02, 1962
Beta0.56
ATR, 14d0.50
Rel volume0.77
Short float3.71%
Insider own0.08%
Inst own49.99%

Snapshot

6 groups

Valuation

Index-
Market Cap20.02B
Enterprise Value51.30B
Income1.73B
Sales17.97B
Book/sh15.80
Cash/sh0.49
Dividend Est.1.25 (5.81%)
Dividend TTM1.27 (5.89%)
Dividend Ex-DateDec 15, 2026
Dividend Gr. 3/5Y-16.46% -7.83%
Payout34.04%
Employees38683
IPOJul 02, 1962

Ratios

P/E11.59
Forward P/E11.35
PEG81.07
P/S1.11
P/B1.36
P/C43.53
P/FCF11.28
EV/EBITDA6.60
EV/Sales2.86
Quick Ratio0.52
Current Ratio0.55
Debt/Eq1.72
LT Debt/Eq1.46
Option/ShortYes / Yes

Earnings

EPS (ttm)1.85
EPS next Y1.89
EPS next Q0.42
EPS this Y-8.87%
EPS next Y1.45%
EPS next 5Y0.14%
EPS past 3/5Y28.50% 20.83%
Sales past 3/5Y-1.94% 0.52%
EPS Y/Y TTM-61.34%
Sales Y/Y TTM2.60%
EPS Q/Q-86.23%
Sales Q/Q0.53%
EarningsNov 05 BMO
EPS/Sales Surpr.7.72% 2.66%

Ownership

Insider Own0.08%
Insider Trans0.00%
Inst Own49.99%
Inst Trans1.93%
ROA3.23%
ROE11.09%
ROIC4.39%
Gross Margin30.62%
Oper. Margin21.40%
Profit Margin9.62%
SMA203.98%
SMA501.76%
SMA200-7.87%
Trades-

Technical

Shs Outstand932.53M
Shs Float931.76M
Short Float3.71%
Short Ratio8.10
Short Interest34.56M
52W High26.52 -19.04%
52W Low18.68 14.94%
Volatility2.86% 2.31%
ATR (14)0.50
RSI (14)57.92
Beta0.56
Rel Volume0.77
Avg Volume4.26M
Volume1,670,487

Performance

Perf Week1.71%
Perf Month10.22%
Perf Quarter-7.93%
Perf Half Y-11.97%
Perf YTD-9.87%
Perf Year-8.29%
Perf 3Y-44.23%
Perf 5Y-57.81%
Perf 10Y-49.40%
Recom2.00
Target Price26.44
Prev Close21.64
Price21.47
Change %-0.79%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 13, 2026UpgradeCCanaccord GenuityHold → Buy
Aug 11, 2026UpgradeBBofA SecuritiesUnderperform → Buy$27+25.8%
Jul 02, 2026UpgradeTTD SecuritiesHold → Buy
Apr 02, 2026DowngradeTTD SecuritiesBuy → Hold
Jan 27, 2026UpgradeBBarclaysUnderweight → Equal Weight
Dec 11, 2025UpgradeBBMO Capital MarketsMarket Perform → Outperform
Dec 09, 2025UpgradeCCIBCNeutral → Sector Outperform
Oct 15, 2025UpgradeTTD SecuritiesHold → Buy
Oct 15, 2025UpgradeRRBC Capital MktsSector Perform → Outperform
Jun 02, 2025UpgradeBScotiabankSector Perform → Sector Outperform

Peers

Mkt cap
TickerCompanyMkt cap
RCIRogers Communications Inc17.86B
TUTelus Corp13.73B
TAT&T Inc148.27B
VZVerizon Communications Inc191.31B
TMUST-Mobile US Inc178.01B
CHTRCharter Communications Inc21.53B
CMCSAComcast Corp87.83B
AMXAmerica Movil SAB de CV ADR79.12B
LUMNLumen Technologies Inc4.86B
VODVodafone Group plc ADR36.09B

Held by

AUM
TickerCompanyAUM
FVDFirst Trust Value Line Dividend Index FundAUM: 8.21B
DFICDimensional International Core Equity 2 ETF-
DFAIDimensional International Core Equity Market ETF-
DFIVDimensional International Value ETF-
KOMPState Street SPDR S&P Kensho New Economies Composite ETFAUM: 2.46B
DIHPDimensional International High Profitability ETF-
DFAXDimensional World ex U.S. Core Equity 2 ETF-
DFSIDimensional International Sustainability Core 1 ETF-
GVLUGotham 1000 Value ETFAUM: 265.07M
DXIVDimensional International Vector Equity ETF-

News

latest 14 of 206
  • BCE Beats On Enterprise AI And Media Strength, But Wireless ARPU Slide And Capex Surge Keep The Pressure On (Earnings Whispers)
  • BCE: Q3 Earnings Snapshot (Associated Press)
  • BCE reports third quarter 2026 results (PR Newswire)
  • BCE Faces Back-Half Proof Test As Churn Gains Meet Heavy AI And Fiber Spending (Earnings Whispers)
  • Quebecs La Caisse to Buy BCE Towers Stake for $1.7 Billion (Bloomberg)
  • Loading…
  • BCE announces partnership with La Caisse, which will acquire 49.9% stake in Bell wireless tower infrastructure company (PR Newswire)
  • BCE reports results of Series S and T preferred share conversions (PR Newswire)
  • BCE Q3 2026 results to be announced November 5 (PR Newswire)
  • Bell and Cisco to collaborate on sovereign AI infrastructure for Canada (PR Newswire)
  • BCE Inc's Dividend Analysis (GuruFocus.com)
  • BCE to participate in upcoming investor conferences (PR Newswire)
  • BCE Inc (BCE) (Q2 2026) Earnings Call Highlights: AI Fabric Momentum and Fiber Growth Drive ... (GuruFocus.com)
  • BCE: Q2 Earnings Snapshot (Associated Press)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-050.5290.4910.4794,4174,30314
2026Q22026-08-060.4640.4530.4324,4054,36914
2026Q12026-05-070.4620.4190.4824,5244,39912
2025Q42026-02-050.5040.4510.4574,6794,75413
2025Q32025-11-060.5590.5113.5064,2814,34113
2025Q22025-08-070.4580.5190.4494,4214,32612
2025Q12025-05-080.4970.4410.4774,2674,20911
2024Q42025-02-060.5520.4990.3614,4844,41111
2024Q32024-11-070.5410.559-0.9944,3064,41010
2024Q22024-08-010.5640.5710.4304,3404,42814
2024Q12024-05-020.5250.5110.3274,3854,42814
2023Q42024-02-080.5640.5430.3084,8074,82314
2023Q32023-11-020.5870.5950.5234,4094,48813
2023Q22023-08-030.5910.6010.2684,5384,56414
2023Q12023-05-040.6260.5750.5884,4554,41614
2022Q42023-02-020.5340.5360.4264,8414,75714

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY2.6912.6952.46718,03318,152
2018FY2.6472.6112.39017,69617,712
2019FY2.6322.6702.54218,02318,237
2020FY2.3532.3221.88517,82517,943
2021FY2.5162.5002.38318,49118,545
2022FY2.5182.5022.28818,17317,926
2023FY2.3842.3591.68618,32418,279
2024FY2.1232.0750.13017,04316,943
2025FY2.0461.9674.96217,87917,785
2026FY-1.865--17,783
2027FY-1.892--18,046
2028FY-2.055--18,472

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-068624,5554,5144,598
2026Q4S2026-11-058534,5434,4484,598
2026Q4S2026-10-198084,4884,4484,548
2026Q4S2026-10-148174,5094,4484,717
2026Q4S2026-10-128164,5234,4484,717
2026Q4S2026-10-068164,5344,4484,717
2026Q4S2026-10-058434,5654,4934,717
2026Q4S2026-10-028524,5794,5104,717
2026Q4S2026-09-218614,6084,5164,737
2026Q4S2026-09-118624,6084,5164,737
2026Q4S2026-08-118534,5994,5164,700
2026Q4S2026-08-078444,5894,5164,700
2026Q4S2026-08-068354,5814,4954,700
2026Q4S2026-07-218074,5684,4704,683

Estimate history

EPS, annual2.4672.392.5421.8852.3832.2881.6860.134.8571.8532
Period201720182019202020212022202320242025TTM
EPS, quarterly-0.9940.3610.4770.4493.5060.4570.4820.4320.483
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual17532.22118105.95617931.30217060.318703.3518568.9118280.53517817.28817511.05717966.47
Period201720182019202020212022202320242025TTM
Sales, quarterly4377.6544592.2454132.8894394.2784392.4814592.7964496.5844461.194415.898
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual900.997898.2903.908904.415909.019911.983912.275912.283932.526932.526
Period201720182019202020212022202320242025MRQ
Shares, quarterly912.283912.283921.825932.526932.526932.526932.526932.526932.526
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue17,966.4717,511.0617,817.2918,280.5418,568.9118,703.3517,060.3017,931.3018,105.96
Cost of Goods Sold Incl. D&A12,464.7612,121.3312,368.9612,780.7412,890.0813,019.5211,716.9812,211.1912,239.34
Gross Profit5,501.705,389.725,448.335,499.795,678.835,683.835,343.325,720.115,866.61
Selling, General and Administrative Excl. Other1,657.741,510.781,398.581,425.521,472.521,469.211,464.251,453.011,607.07
Research and Development-42.9448.1866.6843.7845.4635.0482.1581.78
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income3,843.963,878.944,049.754,074.284,206.314,214.613,879.074,267.104,259.54
Interest Expense1,319.501,270.321,250.401,092.85880.28863.02827.55847.84771.52
Unusual Expense155.14933.242,126.34331.19341.05144.37513.6872.35336.38
Net Income Before Taxes2,572.855,509.96867.912,871.783,037.213,215.202,430.483,334.853,088.38
Income Taxes690.52853.80421.18737.95742.79832.71590.47850.86767.66
Consolidated Net Income1,894.604,661.89273.731,724.102,247.562,306.711,843.732,429.732,293.72
Net Income From Continuing Operations1,837.704,623.24251.101,676.692,203.012,265.241,795.272,383.002,259.77
Net Income1,728.164,512.31118.981,538.132,086.262,160.751,705.062,291.062,148.67
EPS (Recurring)1.975.561.761.942.552.492.282.602.65
EPS (Basic, Before Extraordinaries)1.854.860.131.692.292.381.892.542.39
EPS (Diluted)1.854.860.131.692.292.381.892.542.39
EBITDA7,770.467,627.637,729.417,718.097,834.217,890.847,162.457,540.907,356.41
Non-Operating Income (Expense)203.523,834.57194.90221.5352.237.98-107.36-12.06-63.26
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense28.0047.3444.1551.7365.9455.6949.8751.5150.47
Price To Earnings Ratio11.6811.68329.7321.8118.1721.8222.5518.2216.55
Price To Sales Ratio1.061.271.191.972.162.532.262.331.96
Gross Margin30.6230.7830.5830.0930.5830.3931.3231.9032.40
Operating Margin21.4022.1522.7322.2922.6522.5322.7423.8023.53
Net Margin9.6225.770.678.4111.2411.559.9912.7811.87
Shares Outstanding932.53932.53912.28912.27911.98909.02904.42903.91898.20
Market Capitalization20,179.8620,179.8621,146.7235,925.3540,079.8947,291.5638,705.2441,886.0335,498.30

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue4,415.904,461.194,496.584,592.804,392.484,394.284,132.894,592.24
Cost of Goods Sold Incl. D&A2,982.983,082.963,145.713,253.112,939.453,026.532,900.693,264.34
Gross Profit1,432.921,378.231,350.871,339.681,453.031,367.751,232.201,327.90
Selling, General and Administrative Excl. Other404.30420.40421.37411.66397.93366.13335.93358.97
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,028.61957.83929.50928.031,055.101,001.62896.27968.93
Interest Expense332.16338.78323.68324.88331.85319.19294.81308.20
Unusual Expense59.2920.95-24.7999.69853.230.72-7.67254.57
Net Income Before Taxes684.31640.00658.30590.243,667.78639.10655.13479.10
Income Taxes181.44190.70174.24144.15359.44173.32179.12125.14
Consolidated Net Income500.74454.35486.26453.263,307.61465.06476.01361.12
Net Income From Continuing Operations478.59431.24476.05451.823,296.72447.01467.65360.40
Net Income450.02403.07449.08426.003,269.13418.12439.08329.65
EPS (Recurring)0.530.450.460.534.150.450.470.56
EPS (Basic, Before Extraordinaries)0.480.430.480.463.510.450.480.36
EPS (Diluted)0.480.430.480.463.510.450.480.36
EBITDA1,990.081,951.771,918.051,910.562,005.631,931.031,782.791,862.78
Non-Operating Income (Expense)47.1441.9027.7086.783,797.76-42.6146.0072.94
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense8.933.724.2911.078.548.492.017.72
Price To Earnings Ratio11.684.405.164.9779.6180.74184.86329.73
Price To Sales Ratio1.061.121.311.271.241.181.211.19
Gross Margin32.4530.8930.0429.1733.0831.1329.8128.92
Operating Margin23.2921.4720.6720.2124.0222.7921.6921.10
Net Margin10.199.039.999.2874.439.5210.627.18
Shares Outstanding932.53932.53932.53932.53932.53932.53921.82912.28
Market Capitalization20,179.8620,058.6323,536.9622,212.7721,811.7820,436.8621,165.1021,146.72

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments233.451,371.161,343.85109.97228.79175.82111.82311.17498.82
Short Term Receivables3,683.393,452.933,392.993,375.773,454.063,308.483,199.542,923.563,161.34
Inventories283.79292.03352.65484.15381.59344.58329.28316.30303.28
Other Current Assets583.62600.06420.14419.20440.96320.25296.12419.53270.56
Total Current Assets4,784.245,716.175,509.634,389.094,505.404,149.143,936.763,970.574,234.01
Net Property, Plant & Equipment24,469.0920,860.1023,018.3521,591.9422,352.8521,595.7621,311.7418,190.0719,177.94
Total Investments and Advances1,395.591,159.09941.91915.161,037.09895.60890.69798.07857.18
Long-Term Note Receivable926.50780.14776.58685.63680.05614.60525.16435.64424.60
Intangible Assets21,679.3718,335.4220,400.4219,547.5820,695.8818,607.5418,522.4617,471.8118,904.19
Deferred Tax Assets129.8694.5672.8061.9983.1383.2075.5782.00114.93
Other Assets5,097.944,149.633,838.163,975.793,500.771,671.901,119.72858.84823.66
Total Assets58,482.5851,095.1254,557.8651,167.2052,855.1647,617.7446,382.1141,807.0044,536.49
Short Term Debt Incl. Current Port. of LT Debt4,490.245,332.363,823.753,053.252,078.141,897.172,992.873,400.944,132.65
Accounts Payable2,055.082,058.822,508.722,658.402,320.392,036.892,008.101,856.061,953.79
Income Tax Payable413.6429.20203.2578.23111.63167.97233.66279.69231.45
Other Current Liabilities2,419.842,902.242,645.992,674.642,704.352,390.112,304.992,099.142,247.50
Total Current Liabilities9,378.8110,322.639,181.718,464.527,214.506,492.157,539.627,635.828,565.39
Long Term Debt25,463.4322,830.6223,612.1620,504.8221,413.1318,764.5217,285.5214,467.7114,537.69
Provision for Risks Charges1,057.091,224.451,390.111,372.011,890.512,102.041,935.611,800.412,157.31
Deferred Tax Liabilities4,453.773,646.223,692.553,655.493,704.232,990.582,746.102,315.862,290.59
Other Liabilities1,124.201,000.561,091.31553.53471.04526.69366.30439.30524.36
Total Liabilities41,477.2939,024.4838,967.8434,550.3534,693.4330,875.9829,873.1426,659.1028,075.34
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value2,398.692,456.542,780.982,856.193,169.063,142.073,087.722,931.623,195.66
Common Equity14,395.049,413.1612,560.2913,511.9414,750.4313,332.8113,163.6811,977.6013,007.70
Total Shareholders Equity16,793.7311,869.7015,341.2716,368.1317,919.4916,474.8816,251.4014,909.2116,203.36
Accumulated Minority Interest211.56200.95248.75248.72242.25266.88257.57238.69257.79
Total Equity17,005.2912,070.6415,590.0216,616.8518,161.7416,741.7616,508.9615,147.9016,461.15
Total Liabilities & Stockholders Equity58,482.5851,095.1254,557.8651,167.2052,855.1647,617.7446,382.1141,807.0044,536.49
Book Value Per Share15.4410.3213.7714.8216.2314.7414.5613.3414.44
Tangible Book Value Per Share-7.81-9.78-8.59-6.62-6.54-5.83-5.93-6.12-6.54
Full-Time Employees38,68340,39045,13244,61049,78150,70452,10052,79051,679
Price to Book Ratio1.372.022.822.943.212.903.182.963.53
Return on Assets8.440.483.174.244.513.825.405.315.63
Return on Equity32.261.8510.5812.8513.1710.9715.2914.9615.75
Return on Invested Capital10.940.724.305.975.765.137.177.697.50
Quick Ratio0.480.530.560.460.570.590.480.480.46
Current Ratio0.510.550.600.520.620.640.520.520.49

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income1,826.964,661.89273.731,724.102,247.562,306.711,843.732,429.732,293.72
Depreciation3,860.803,748.693,679.673,643.813,627.903,676.223,283.383,273.803,096.87
Other Funds (Non Cash)-569.53-3,037.311,467.92569.02123.67-72.58216.2131.65-172.82
Funds from Operations5,220.065,474.895,490.666,003.616,143.556,090.615,428.316,033.625,402.93
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-199.85-470.20-389.79-116.32281.91296.71352.64-36.17293.95
Cash from Operating Activities5,020.225,004.695,100.875,887.296,425.456,387.335,780.955,997.455,696.88
Capital Expenditures-3,275.35-2,650.13-3,232.21-3,529.71-3,945.14-5,518.72-3,196.90-2,994.96-3,106.90
Net Assets From Acquisitions-54.85-3,510.37-455.49-164.48-329.53-9.57-48.46-38.44-304.75
Sale of Fixed Assets and Businesses46.2773.000.00154.8539.940.000.000.00-
Purchase or Sale of Investments-187.323,579.07437.97-740.910.000.000.000.000.00
Purchase of Investments-148.10-59.400.00-740.910.000.000.000.000.00
Sale Or Maturity of Investments-39.223,638.48437.970.000.000.000.000.000.00
Other Uses45.87-67.990.00-2.96-3.07-57.43-58.90-13.57-24.69
Other Sources8.570.0010.220.000.000.00665.035.2852.46
Cash from Investing Activities-3,416.81-2,576.42-3,239.51-4,283.22-4,237.80-5,585.72-2,639.23-3,041.68-3,383.87
Cash Dividends Paid-1,255.18-1,558.02-2,773.80-2,717.67-2,648.53-2,597.84-2,316.41-2,235.29-2,181.85
Change in Capital Stock-223.64-284.84-238.69-255.61-160.54-28.71-176.6973.86-337.15
Repurchase of Common Pref Stock-223.64-284.84-238.69-268.95-291.89-236.89-196.08-107.02-345.64
Sale of Common Pref Stock0.000.000.0013.34131.35208.1819.38180.878.49
Proceedsfrom Stock Options0.000.000.0013.34131.35208.1819.38180.878.49
Issuance or Reduction of Debt, Net58.68-1,310.401,807.351,993.8029.962,061.84-475.66-1,009.87123.44
Change in Long Term Debt-25.05-1,633.88387.602,472.43-55.311,781.88747.78-201.22218.34
Issuance of Long Term Debt3,640.505,588.682,798.623,849.041,498.633,976.134,477.741,472.612,311.46
Reduction of Long Term Debt-3,665.54-7,222.56-2,411.02-1,376.62-1,553.94-2,194.25-3,729.96-1,673.83-2,093.13
Net Financing Active Other Cash Flow-116.59-171.76-72.26-163.00483.93-250.45-114.074.52-71.75
Other Financing Activities Uses-116.59-171.76-72.26-163.00-53.77-250.45-114.07-94.20-71.75
Cash from Financing Activities-1,536.73-3,325.01-1,277.41-1,142.49-2,295.19-815.17-3,082.83-3,166.79-2,467.31
Exchange Rate Effect-0.72-------
Net Change in Cash67.38-896.02583.96461.59-107.54-13.5658.90-211.02-154.30
Free Cash Flow1,774.842,356.712,256.272,493.172,482.612,529.252,648.173,002.492,633.19
Preferred Dividends (Cash Flow)--108.07-136.50-134.85-104.47-99.70-98.41-110.78-114.96
Price to Free Cash Flow36.6227.78----116.4754.5178.64
Deferred Taxes & Investment Tax Credit-101.6369.3566.68144.41180.2684.99298.44185.16

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments459.94337.62985.99233.45334.20373.76
Short Term Receivables3,319.603,326.173,491.103,683.393,321.833,294.98
Inventories259.20316.48233.60283.79271.67331.99
Other Current Assets594.47701.32662.82583.62575.68655.92
Total Current Assets4,633.214,681.595,373.514,784.244,503.384,656.65
Net Property, Plant & Equipment23,194.2223,240.8823,737.5924,469.0923,546.7921,634.30
Total Investments and Advances1,114.991,063.611,040.451,395.59265.92245.51
Intangible Assets22,009.5121,859.3822,124.6121,679.3722,039.6719,722.98
Deferred Tax Assets112.70121.23132.56129.86173.21101.14
Other Assets5,979.935,985.555,714.595,097.945,763.985,581.53
Total Assets57,208.6657,122.1158,311.7858,482.5856,477.6552,131.92
Short Term Debt Incl. Current Port. of LT Debt4,370.492,998.413,950.414,490.244,182.843,691.46
Accounts Payable2,838.532,937.092,950.093,204.093,002.733,142.54
Income Tax Payable78.89112.7883.84413.64518.18167.83
Other Current Liabilities1,181.191,208.811,160.831,270.841,049.301,481.13
Total Current Liabilities8,469.107,257.098,145.189,378.818,753.058,482.96
Long Term Debt24,869.1726,447.2226,833.1525,463.4325,265.9223,834.37
Provision for Risks Charges736.05785.90800.401,057.09852.38845.73
Deferred Tax Liabilities4,531.084,454.634,454.164,453.773,971.544,042.51
Other Liabilities1,363.621,135.511,130.021,124.201,278.571,458.41
Total Liabilities39,969.0140,080.3541,362.9041,477.2940,121.4638,663.98
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value2,265.192,266.782,328.832,398.692,399.022,509.34
Common Equity14,737.8114,553.6614,410.0914,395.0413,741.5610,731.40
Total Shareholders Equity17,002.9916,820.4416,738.9216,793.7316,140.5813,240.75
Accumulated Minority Interest236.66221.32209.95211.56215.61227.19
Total Equity17,239.6517,041.7616,948.8717,005.2916,356.1913,467.94
Total Liabilities & Stockholders Equity57,208.6657,122.1158,311.7858,482.5856,477.6552,131.92
Book Value Per Share15.8015.6115.4515.4414.7411.51
Tangible Book Value Per Share-7.80-7.83-8.27-7.81-8.90-9.64
Full-Time Employees---38,683--
Price to Book Ratio1.371.391.641.622.032.12
Return on Assets3.238.528.628.518.290.75
Return on Equity11.0930.9832.4632.5431.292.90
Return on Invested Capital1.141.001.091.077.961.21
Quick Ratio0.520.600.630.480.480.51
Current Ratio0.550.650.660.510.510.55

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income490.33449.90486.26400.473,312.92482.28
Depreciation939.54984.89988.55947.82960.77961.46
Other Funds (Non Cash)22.80188.96-441.06-340.24-2,948.26115.87
Funds from Operations1,452.671,623.751,033.751,109.891,325.431,559.62
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital105.10-69.72-196.11-39.1378.50-114.00
Cash from Operating Activities1,557.771,554.04837.641,070.771,403.931,445.62
Capital Expenditures-964.62-774.52-613.10-923.11-655.15-569.37
Net Assets From Acquisitions-63.38-17.340.0025.86-3,527.00-16.61
Sale of Fixed Assets and Businesses-0.010.720.0045.560.1526.74
Purchase or Sale of Investments-27.26-18.46-34.99-106.603,404.3410.08
Purchase of Investments-35.12-18.46-34.99-59.530.000.00
Sale Or Maturity of Investments7.860.000.00-47.083,404.3410.08
Other Uses9.391.54-10.9445.87-105.34-1.00
Other Sources8.570.000.000.000.000.00
Cash from Investing Activities-1,037.31-808.05-659.03-912.42-883.00-550.16
Cash Dividends Paid-303.60-317.76-323.68-310.14-321.75-482.66
Preferred Dividends (Cash Flow)-18.71-25.76-26.24-32.05-20.64-28.42
Change in Capital Stock-22.31-44.88-68.53-87.92-73.30-53.82
Repurchase of Common Pref Stock-22.31-44.88-68.53-87.92-73.30-53.82
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-63.21-957.63925.12154.40-57.91-747.54
Change in Long Term Debt-790.49-133.141,524.38-625.79-126.17-1,011.50
Issuance of Long Term Debt-40.431,896.091,741.6243.202,123.41341.47
Reduction of Long Term Debt-750.07-2,029.24-217.25-668.99-2,249.58-1,352.97
Net Financing Active Other Cash Flow-7.45-81.44-19.68-8.01-106.34-15.96
Other Financing Activities Uses-7.45-81.44-19.68-8.01-106.34-15.96
Cash from Financing Activities-396.57-1,401.71513.23-251.67-559.31-1,299.97
Exchange Rate Effect-0.02---0.74--
Net Change in Cash123.87-654.28691.84-94.06-36.93-404.51
Free Cash Flow623.15779.52224.54147.63750.96876.25
Price to Free Cash Flow36.6231.9141.8027.8323.1944.63

Revenue breakdown

Revenue split-

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.71%34.6M931.8M4.21M
2026-10-152.81%26.2M931.8M4.12M
2026-09-302.75%25.6M931.8M3.83M
2026-09-152.50%23.3M931.8M3.73M
2026-08-313.40%31.7M931.8M3.83M
2026-08-143.30%30.8M931.8M4.04M
2026-07-313.23%30.1M931.8M3.84M
2026-07-152.98%27.8M931.8M3.64M
2026-06-302.61%24.4M931.8M3.57M
2026-06-152.67%24.9M931.8M3.48M
2026-05-292.29%21.3M931.8M3.36M
2026-05-152.11%19.7M931.8M3.27M
2026-04-301.93%18.0M931.8M3.53M
2026-04-151.84%17.2M931.8M3.65M
2026-03-311.69%15.8M931.8M3.52M
2026-03-132.04%19.0M931.8M3.40M
2026-02-271.71%15.9M931.8M3.23M
2026-02-131.80%16.8M931.8M3.28M
2026-01-302.48%23.1M931.6M3.10M
2026-01-152.43%22.6M931.6M2.99M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call13.006.409.205.903.3480.000.000.977-0.0140.002
call14.006.109.606.004.2451.000.000.974-0.0140.002
call15.004.408.600.004.2170.000.000.970-0.0140.002
call16.004.906.100.002.1570.000.000.965-0.0130.002
call17.002.406.600.002.8870.000.000.959-0.0130.003
call18.002.904.103.551.5515.004.000.950-0.0120.003
call19.001.803.402.861.52811.000.000.935-0.0110.004
call20.001.201.901.470.77719,3831.000.868-0.0150.007
call21.000.500.950.840.5241170.000.637-0.0300.013
call22.000.000.200.230.3131310.000.341-0.0260.012
call23.000.000.200.150.51694.000.000.223-0.0300.010
call24.000.000.050.030.4751030.000.072-0.0120.005
call25.000.000.050.050.6165.000.000.058-0.0130.004
call26.000.000.050.000.7240.000.000.051-0.0140.004
call27.000.000.600.950.7751.000.000.046-0.0140.003
call28.000.000.750.070.9491.000.000.041-0.0150.003
call29.000.000.750.001.0390.000.000.038-0.0160.003
call30.000.000.250.001.1230.000.000.035-0.0160.003
call31.000.000.750.001.2110.000.000.033-0.0170.002
call32.000.000.750.001.2950.000.000.031-0.0170.002
put13.000.000.750.001.6870.000.00-0.022-0.0160.002
put14.000.000.050.001.4720.000.00-0.025-0.0160.002
put15.000.000.100.001.2500.000.00-0.029-0.0150.002
put16.000.000.750.001.0570.000.00-0.034-0.0150.003
put17.000.000.050.050.87970.000.00-0.040-0.0140.003
put18.000.000.050.150.69736.000.00-0.049-0.0130.003
put19.000.000.050.050.5222,5940.00-0.063-0.0120.004
put20.000.000.100.100.4174,8040.00-0.167-0.0230.008
put21.000.050.300.250.36971.000.00-0.367-0.0310.013
put22.000.251.000.500.50410.000.00-0.654-0.0270.012
put23.001.151.901.930.6605.000.00-0.781-0.0300.010
put24.002.052.951.000.9050.000.00-0.927-0.0130.005
put25.002.904.100.001.2030.000.00-0.940-0.0140.004
put26.003.905.106.541.3790.000.00-0.948-0.0150.004
put27.004.906.100.001.5570.000.00-0.953-0.0150.003
put28.005.807.300.001.9070.000.00-0.957-0.0160.003
put29.006.808.300.002.0490.000.00-0.961-0.0160.003
put30.007.809.300.002.1830.000.00-0.963-0.0160.003
put31.008.8010.300.002.3090.000.00-0.965-0.0170.002
put32.009.8011.300.002.4280.000.00-0.967-0.0170.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-28SEC
2026-10-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-20SEC
2026-08-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-10SEC
2026-08-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-23SEC
2026-06-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-05SEC
2026-05-29SUPPLVoluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuersSEC
2026-05-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-28SEC
2026-05-28FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-05-27SUPPLVoluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuersSEC
2026-05-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-07SEC
2026-05-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-31SEC
2026-04-226-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-22SEC
2026-04-07EFFECTEffectiveness filing by commission orderSEC
2026-04-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-07SEC
2026-04-03F-XFor appointment of agent for service of process by issuers registering securities (if filed on Form F-8, F-9, F-10 or F-80, or registering securities or filing periodic reports on Form 40-F, or by any person filing certain tender offer documents, or by anSEC
2026-04-03F-XFor appointment of agent for service of process by issuers registering securities (if filed on Form F-8, F-9, F-10 or F-80, or registering securities or filing periodic reports on Form 40-F, or by any person filing certain tender offer documents, or by anSEC
2026-04-03F-XFor appointment of agent for service of process by issuers registering securities (if filed on Form F-8, F-9, F-10 or F-80, or registering securities or filing periodic reports on Form 40-F, or by any person filing certain tender offer documents, or by anSEC
2026-04-03F-10Registration statement for securities of certain Canadian issuers under the Securities Act of 1933SEC
2026-04-03F-XFor appointment of agent for service of process by issuers registering securities (if filed on Form F-8, F-9, F-10 or F-80, or registering securities or filing periodic reports on Form 40-F, or by any person filing certain tender offer documents, or by anSEC
2026-03-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-27SEC
2026-03-266-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-26SEC
2026-03-176-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-17SEC
2026-03-176-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-16SEC
2026-03-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-06SEC
2026-03-0640-FRegistration Statement Pursuant to Section 12 of the Securities Exchange Act of 1934 or Annual Report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 19342025-12-31SEC
2026-02-10S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2026-02-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-05SEC
2026-02-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-12-31SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
ROYAL BANK OF CANADA6.87%
FIL Ltd4.84%
BANK OF MONTREAL /CAN/4.47%
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC3.66%
NATIONAL BANK OF CANADA /FI/2.48%
CIBC WORLD MARKET INC.2.41%
BANK OF NOVA SCOTIA1.93%
MORGAN STANLEY1.22%
Federation des caisses Desjardins du Quebec1.15%
VANGUARD CAPITAL MANAGEMENT LLC0.96%

Funds

Fund% owned
Nuveen Preferred Securities and Income Fund1.59%
Nuveen Preferred & Income Opportunities Fund1.52%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND0.49%
Nuveen Flexible Income Fund0.47%
Nuveen Variable Rate Preferred & Income Fund0.41%
VANGUARD DEVELOPED MARKETS INDEX FUND0.33%
Franklin International Low Volatility High Dividend Index ETF0.19%
Fidelity SAI Canada Equity Index Fund0.17%
Nuveen High Yield Corporate Bond ETF0.16%
First Trust Value Line Dividend Index Fund0.15%

OakChart. BCE. Cached 15 minutes.

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