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BCE · NYSE · United States · Telephone Communications (No Radiotelephone)
In shortBCE INC is profitable, generates cash and carries moderate debt, with revenue stable (+0.2% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 26.6% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 32.5% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.58× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.78× | 12/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 13.5% | 74/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.51× | 26/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 1.7% | 100/100 |
| Operating margin volatility | – | n/a |
Weight in the score: 20%
| Revenue growth, 3-year average | 0.4% | 19/100 |
|---|---|---|
| EPS growth, 3-year average | 31.6% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CAD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 23,449 | 24,174 | 24,673 | 24,409 | 24,468 |
| Cost of revenue | 7,284 | 7,641 | 7,926 | 7,705 | 7,720 |
| Gross profit | 16,165 | 16,533 | 16,747 | 16,704 | 16,748 |
| Research & development | 57 | 57 | 90 | 66 | 60 |
| Interest expense | – | 1,146 | 1,475 | 1,713 | 1,775 |
| Pre-tax income | 3,936 | 3,893 | 3,323 | 952 | 7,707 |
| Income tax | 1,044 | 967 | 996 | 577 | 1,193 |
| Net income | 2,892 | 2,926 | 2,327 | 375 | 6,514 |
| Diluted EPS | C$2.99 | C$2.98 | C$2.28 | C$0.18 | C$6.79 |
| Diluted shares (millions) | 907 | 912 | 912 | 912 | 929 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in CAD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of BCE INC are included in the Investor plan. Try free for 7 days →
Not computed: a required balance-sheet item is missing.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 6, 2026