Valuation, from the filing
| Public float | $19.24B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $45.27 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 10.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 2.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
10.5× earnings today, against a median of 10.1× across 10 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $19.24B | 10.5× | |
| 2024-06-30 | $16.22B | 10.7× | |
| 2023-06-30 | $12.30B | 7.7× | |
| 2022-06-30 | $17.59B | 8.5× | |
| 2021-06-30 | $19.48B | 8.4× | |
| 2020-06-30 | $10.73B | 10.2× | |
| 2019-06-30 | $16.15B | 9.0× | |
| 2018-06-30 | $18.79B | 10.9× | |
| 2017-06-30 | $18.02B | 10.9× | |
| 2016-06-30 | $10.57B | 10.1× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the State Commercial Banks filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Long-term debt / equity | 0.43x | 88th | |
| Net margin | 22.2% | 21th | |
| Revenue YoY growth | 5.6% | 54th | |
| Effective tax rate | 21.3% | 50th |
CITIZENS FINANCIAL GROUP INC/RI (CFG) reported revenue of $2.32B and net income of $636.00M for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from CITIZENS FINANCIAL GROUP INC/RI’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.32B | $2.28B | $2.17B | $433.00M | $2.12B | $2.04B | $1.94B | $397.00M | $1.90B | $1.96B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $636.00M | $587.00M | $517.00M | $528.00M | $494.00M | $436.00M | $373.00M | $401.00M | $382.00M | $392.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 425.66M | shares 426.68M | shares 429.89M | Unavailable | shares 435.47M | shares 436.54M | shares 442.20M | Unavailable | shares 449.91M | shares 456.56M |
| Pretax income | $804.00M | $755.00M | $650.00M | $677.00M | $629.00M | $554.00M | $468.00M | $508.00M | $470.00M | $480.00M |
| Income tax expense | $168.00M | $168.00M | $133.00M | $149.00M | $135.00M | $118.00M | $95.00M | $107.00M | $88.00M | $88.00M |
| Diluted EPS | $1.41 | $1.30 | $1.13 | Unavailable | $1.05 | $0.92 | $0.77 | Unavailable | $0.77 | $0.78 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total assets | $234.46B | $233.84B | $227.92B | $226.35B | $222.75B | $218.31B | $220.15B | $217.52B | $219.71B | $219.94B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $209.30B | $207.65B | $201.75B | $200.03B | $196.92B | $193.08B | $195.28B | $193.27B | $194.77B | $196.07B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $25.16B | $26.18B | $26.17B | $26.32B | $25.83B | $25.23B | $24.87B | $24.25B | $24.93B | $23.87B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $8.22B | $8.22B | $8.22B | $8.19B | $8.19B | $8.19B | $8.19B | $8.19B | $8.19B | $8.19B |
| Long-term debt | $17.01B | $15.19B | $12.26B | $11.22B | $10.44B | $12.53B | $12.27B | $12.40B | $13.94B | $13.08B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $453.00M | $726.00M | $237.00M | -$158.00M | $1.70B | $886.00M | -$213.00M | $483.00M | $130.00M | $834.00M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$1.38B | -$5.46B | -$1.80B | -$1.93B | -$1.50B | -$1.43B | -$1.11B | $1.61B | $161.00M | $179.00M |
| Financing cash flow | $1.13B | $5.16B | $1.17B | $3.17B | $2.90B | -$2.45B | $2.26B | -$2.40B | -$1.15B | -$841.00M |
| Net change in cash | $206.00M | $430.00M | -$397.00M | $1.08B | $3.10B | -$2.99B | $940.00M | -$314.00M | -$856.00M | $172.00M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | $197.00M | $198.00M | $198.00M | $200.00M | $184.00M | $185.00M | $186.00M | $769.00M | $190.00M | $194.00M |
| Common share repurchases | $125.00M | $225.00M | $300.00M | $125.00M | $75.00M | $200.00M | $200.00M | $225.00M | $325.00M | $200.00M |
| Depreciation & amortization | $103.00M | $99.00M | $113.00M | $112.00M | $119.00M | $124.00M | $123.00M | $124.00M | $129.00M | $143.00M |
Derived
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 9.6% | 12.1% | 12.0% | 9.1% | 11.4% | 3.8% | -1.2% | 22.5% | -5.6% | -6.3% |
| Net margin | 27.4% | 25.7% | 23.8% | 121.9% | 23.3% | 21.4% | 19.3% | 101.0% | 20.1% | 20.0% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.68x | Unavailable | Unavailable | 0.43x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 20.9% | 22.3% | 20.5% | 22.0% | 21.5% | 21.3% | 20.3% | 21.1% | 18.7% | 18.3% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CFG in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.