Comerica Financial Statements From 2010 to 2024

CMA Stock  USD 72.32  0.32  0.44%   
Comerica financial statements provide useful quarterly and yearly information to potential Comerica investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Comerica financial statements helps investors assess Comerica's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Comerica's valuation are summarized below:
Gross Profit
3.5 B
Profit Margin
0.1775
Market Capitalization
9.6 B
Enterprise Value Revenue
5.2312
Revenue
3.2 B
We have found one hundred twenty available fundamental signals for Comerica, which can be analyzed and compared to other ratios and to its rivals. All investors should make sure to validate all of Comerica prevailing market performance against the performance between 2010 and 2024 to make sure the company can sustain itself down the road. The current year's Enterprise Value is expected to grow to about 7.7 B, whereas Market Cap is forecasted to decline to about 4 B.

Comerica Total Revenue

2.69 Billion

Check Comerica financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Comerica's main balance sheet or income statement drivers, such as Interest Expense of 1.7 B, Other Operating Expenses of 4.2 B or Operating Income of 1.4 B, as well as many indicators such as Price To Sales Ratio of 2.35, Dividend Yield of 0.0385 or PTB Ratio of 1.75. Comerica financial statements analysis is a perfect complement when working with Comerica Valuation or Volatility modules.
  
Check out the analysis of Comerica Correlation against competitors.
For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.

Comerica Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding166.9 M152.9 M160.7 M
Pretty Stable
Total Assets59.4 B85.8 B69.8 B
Slightly volatile
Short and Long Term Debt Total6.8 B9.8 B5.1 B
Slightly volatile
Total Current LiabilitiesB6.5 B1.2 B
Slightly volatile
Total Stockholder Equity5.6 B6.4 B6.7 B
Pretty Stable
Property Plant And Equipment Net505.2 M762 M506.9 M
Very volatile
Retained Earnings12.3 B11.7 B8.1 B
Slightly volatile
Cash10 B9.5 B7.7 B
Slightly volatile
Non Current Assets Total98.2 B93.5 B17.3 B
Slightly volatile
Cash And Short Term Investments10.4 B9.5 B17.5 B
Slightly volatile
Net Receivables4.7 BB5.1 B
Slightly volatile
Liabilities And Stockholders Equity59.4 B85.8 B69.8 B
Slightly volatile
Non Current Liabilities Total50.3 B47.9 B41.5 B
Very volatile
Total Liabilities51.5 B79.4 B58 B
Slightly volatile
Property Plant And Equipment Gross1.5 B1.4 B740.7 M
Slightly volatile
Total Current Assets20.4 B19.4 B13.9 B
Slightly volatile
Short Term Debt3.7 B3.6 B886.7 M
Slightly volatile
Common Stock Total Equity1.1 B1.3 B1.1 B
Slightly volatile
Other Liabilities183 M192.6 M527.9 M
Slightly volatile
Long Term Debt5.5 B5.2 B4.5 B
Slightly volatile
Good Will488.5 M730.2 M613.6 M
Pretty Stable
Short Term Investments1.1 B1.2 B10 B
Pretty Stable
Intangible Assets130.5 M114 M136.7 M
Slightly volatile
Property Plant Equipment559.1 M460 M500.7 M
Pretty Stable
Net Tangible Assets5.6 B4.3 B6.8 B
Slightly volatile
Retained Earnings Total Equity8.4 B12.9 B8.3 B
Slightly volatile
Long Term Debt Total3.7 B2.7 B4.4 B
Pretty Stable
Capital Surpluse2.3 B2.6 B2.2 B
Slightly volatile
Other Current Assets11.3 B9.9 B13.3 B
Slightly volatile
Long Term Investments32.9 B17.3 B40.6 B
Slightly volatile
Non Current Liabilities Other1.5 BB1.5 B
Slightly volatile
Short and Long Term Debt4.8 B4.6 B1.2 B
Slightly volatile
Earning Assets24.2 B44.4 B23.3 B
Slightly volatile
Current Deferred Revenue31.6 M32 M30.2 M
Slightly volatile
Net Invested Capital10.5 B15.8 B12.7 B
Very volatile
Capital Stock1.5 B1.8 B1.3 B
Slightly volatile

Comerica Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Other Operating Expenses4.2 BB1.6 B
Slightly volatile
Operating Income1.4 B1.4 B1.1 B
Slightly volatile
EBIT1.4 B1.1 B1.1 B
Slightly volatile
EBITDA1.5 B1.2 B1.2 B
Slightly volatile
Net Income580.9 M881 M703.5 M
Slightly volatile
Depreciation And Amortization105.3 M87 M107 M
Very volatile
Selling General Administrative921 M1.4 BB
Slightly volatile
Total Revenue2.7 B3.6 B2.8 B
Slightly volatile
Gross Profit2.7 B5.3 B2.9 B
Slightly volatile
Income Before Tax888 M1.1 B949.7 M
Slightly volatile
Net Income Applicable To Common Shares750.5 M1.3 B777.4 M
Slightly volatile
Discontinued Operations13.6 M15.3 M16.7 M
Slightly volatile
Selling And Marketing Expenses32.5 M40 M29.8 M
Slightly volatile
Net Income From Continuing Ops822.9 M1.2 B753.1 M
Slightly volatile
Tax Provision324 M340 M274.7 M
Slightly volatile
Net Interest Income2.3 B2.7 BB
Slightly volatile
Interest Income2.7 BB2.2 B
Slightly volatile
Reconciled Depreciation84.5 M85 M111.4 M
Slightly volatile

Comerica Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow780.8 M1.1 B764.5 M
Slightly volatile
Begin Period Cash Flow4.3 B6.3 B6.8 B
Slightly volatile
Depreciation105.3 M87 M107 M
Very volatile
Dividends Paid250.6 M394 M227.2 M
Slightly volatile
Capital Expenditures88.5 M153 M88.7 M
Pretty Stable
Total Cash From Operating Activities869.2 M1.3 B853.2 M
Slightly volatile
Net Income633 M881 M707.1 M
Slightly volatile
End Period Cash Flow10 B9.5 B7.7 B
Slightly volatile
Stock Based Compensation44.3 M52 M38.5 M
Slightly volatile
Issuance Of Capital Stock17.1 M18 M65.4 M
Very volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.352.05092.9458
Pretty Stable
Dividend Yield0.03850.05350.0289
Slightly volatile
PTB Ratio1.751.151.2966
Slightly volatile
Days Sales Outstanding369699509
Slightly volatile
Book Value Per Share37.4148.530377.8426
Pretty Stable
Free Cash Flow Yield0.120.1490.1026
Pretty Stable
Operating Cash Flow Per Share9.959.47735.7362
Slightly volatile
Stock Based Compensation To Revenue0.0160.01450.0142
Pretty Stable
Capex To Depreciation1.021.75860.9057
Very volatile
PB Ratio1.751.151.2966
Slightly volatile
Free Cash Flow Per Share8.738.31825.1204
Slightly volatile
ROIC0.06110.06430.0965
Slightly volatile
Inventory Turnover1.0E-41.0E-41.0E-4
Slightly volatile
Net Income Per Share7.016.67424.7947
Slightly volatile
Payables Turnover1.0E-41.0E-41.0E-4
Slightly volatile
Sales General And Administrative To Revenue0.270.38340.3619
Slightly volatile
Capex To Revenue0.03920.04260.0339
Slightly volatile
Cash Per Share49.3880.9924113
Slightly volatile
POCF Ratio7.645.888810.5402
Pretty Stable
Interest Coverage0.770.81287.0473
Very volatile
Payout Ratio0.580.44720.3454
Slightly volatile
Capex To Operating Cash Flow0.0960.12230.1138
Slightly volatile
PFCF Ratio6.376.709411.8416
Pretty Stable
Days Payables Outstanding4.6 M5.2 M5.6 M
Slightly volatile
Income Quality1.871.421.4302
Slightly volatile
ROE0.140.13750.1106
Slightly volatile
PE Ratio15.198.36213.099
Pretty Stable
Return On Tangible Assets0.01210.01030.01
Slightly volatile
Earnings Yield0.09580.11960.0872
Slightly volatile
Intangibles To Total Assets0.00920.00740.0084
Very volatile
Current Ratio2.842.988881.8061
Pretty Stable
Tangible Book Value Per Share36.1643.719774.2709
Pretty Stable
Receivables Turnover0.510.540.9841
Slightly volatile
Graham Number89.6485.368766.7751
Slightly volatile
Shareholders Equity Per Share24.8248.530341.3433
Slightly volatile
Debt To Equity1.551.52530.788
Slightly volatile
Capex Per Share1.221.15910.6158
Slightly volatile
Revenue Per Share28.5727.212118.6745
Slightly volatile
Interest Debt Per Share90.9486.606137.3012
Slightly volatile
Debt To Assets0.130.11380.071
Slightly volatile
Short Term Coverage Ratios0.330.350918.8025
Pretty Stable
Price Earnings Ratio15.198.36213.099
Pretty Stable
Operating Cycle648674596
Slightly volatile
Price Book Value Ratio1.751.151.2966
Slightly volatile
Days Of Payables Outstanding4.6 M5.2 M5.6 M
Slightly volatile
Dividend Payout Ratio0.580.44720.3454
Slightly volatile
Price To Operating Cash Flows Ratio7.645.888810.5402
Pretty Stable
Price To Free Cash Flows Ratio6.376.709411.8416
Pretty Stable
Pretax Profit Margin0.260.31850.3212
Slightly volatile
Ebt Per Ebit0.420.84740.7861
Pretty Stable
Operating Profit Margin0.730.37580.4631
Pretty Stable
Effective Tax Rate0.340.22990.2602
Very volatile
Company Equity Multiplier12.6313.39911.1168
Pretty Stable
Long Term Debt To Capitalization0.520.49210.38
Slightly volatile
Total Debt To Capitalization0.580.6040.416
Slightly volatile
Return On Capital Employed0.01620.0170.0186
Pretty Stable
Debt Equity Ratio1.551.52530.788
Slightly volatile
Ebit Per Revenue0.730.37580.4631
Pretty Stable
Quick Ratio2.842.9888351
Very volatile
Dividend Paid And Capex Coverage Ratio2.232.2872.9474
Slightly volatile
Net Income Per E B T0.550.77010.735
Very volatile
Cash Ratio1.391.4636103
Pretty Stable
Operating Cash Flow Sales Ratio0.350.34830.3084
Very volatile
Days Of Sales Outstanding369699509
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.970.87770.8906
Slightly volatile
Cash Flow Coverage Ratios0.130.1280.1977
Slightly volatile
Price To Book Ratio1.751.151.2966
Slightly volatile
Fixed Asset Turnover4.364.71395.5392
Slightly volatile
Capital Expenditure Coverage Ratio12.128.17659.9062
Slightly volatile
Price Cash Flow Ratio7.645.888810.5402
Pretty Stable
Debt Ratio0.130.11380.071
Slightly volatile
Cash Flow To Debt Ratio0.130.1280.1977
Slightly volatile
Price Sales Ratio2.352.05092.9458
Pretty Stable
Return On Assets0.0120.01030.01
Slightly volatile
Asset Turnover0.05210.04180.041
Very volatile
Net Profit Margin0.180.24530.2392
Slightly volatile
Gross Profit Margin0.871.331.2023
Slightly volatile
Price Fair Value1.751.151.2966
Slightly volatile
Return On Equity0.140.13750.1106
Slightly volatile

Comerica Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market CapB7.5 B7.5 B
Pretty Stable
Enterprise Value7.7 B4.6 B4.9 B
Slightly volatile

Comerica Fundamental Market Drivers

Forward Price Earnings13.587
Cash And Short Term Investments9.5 B

Comerica Upcoming Events

18th of April 2024
Upcoming Quarterly Report
View
19th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
17th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Comerica Financial Statements

Comerica stakeholders use historical fundamental indicators, such as Comerica's revenue or net income, to determine how well the company is positioned to perform in the future. Although Comerica investors may analyze each financial statement separately, they are all interrelated. For example, changes in Comerica's assets and liabilities are reflected in the revenues and expenses on Comerica's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Comerica. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue32 M31.6 M
Total Revenue3.6 B2.7 B
Cost Of Revenue-1.5 B-1.5 B
Stock Based Compensation To Revenue 0.01  0.02 
Sales General And Administrative To Revenue 0.38  0.27 
Capex To Revenue 0.04  0.04 
Revenue Per Share 27.21  28.57 
Ebit Per Revenue 0.38  0.73 

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Comerica offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Comerica's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Comerica Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Comerica Stock:
Check out the analysis of Comerica Correlation against competitors.
For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comerica. If investors know Comerica will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comerica listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.28)
Dividend Share
2.84
Earnings Share
4
Revenue Per Share
23.812
Quarterly Revenue Growth
(0.1)
The market value of Comerica is measured differently than its book value, which is the value of Comerica that is recorded on the company's balance sheet. Investors also form their own opinion of Comerica's value that differs from its market value or its book value, called intrinsic value, which is Comerica's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comerica's market value can be influenced by many factors that don't directly affect Comerica's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Comerica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comerica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comerica's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.