Comerica Inc - Understand $CMA stock

$CMA Market Cap: $7.28 Billion

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Financial Snapshot

Revenue

$591.0M

TTM

Gross Margin

Net Earnings

$609.0M

TTM

Current Assets

Current Liabilities

$3.865B

Q2 2024

Current Ratio

Total Assets

$79.60B

Q2 2024

Total Liabilities

$73.44B

Q2 2024

Book Value

$6.161B

Q2 2024

Cash

$4.812B

Q2 2024

P/E

11.95

Sep 06, 2024 EST

Free Cash Flow

$667.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	$798.0M	$788.0M	$1.901B	$2.093B	$2.807B	$2.619B	$2.182B	$1.909B	$1.784B	$1.750B	$1.784B	$1.863B	$1.809B	$1.853B	$2.105B
YoY Change	1.27%	-58.55%	-9.17%	-25.44%	7.18%	20.03%	14.3%	7.01%	1.94%	-1.91%	-4.24%	2.99%	-2.37%	-11.97%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$798.0M	$788.0M	$1.901B	$2.093B	$2.807B	$2.619B	$2.182B	$1.909B	$1.784B	$1.750B	$1.784B	$1.863B	$1.809B	$1.853B	$2.105B
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$87.00M	$92.00M	$99.00M	$108.0M	$114.0M	$120.0M	$121.0M	$121.0M	$118.0M	$123.0M	$122.0M	$133.0M	$122.0M	$124.0M	$122.0M	$114.0M	$96.00M	$84.00M	$72.00M	$68.00M	$70.00M	$73.00M	$111.0M	$108.0M	$108.7M	$88.00M	$86.90M	$97.60M	$93.00M	$85.40M	$97.50M	$85.50M	$77.20M	$52.50M
YoY Change	-5.43%	-7.07%	-8.33%	-5.26%	-5.0%	-0.83%	0.0%	2.54%	-4.07%	0.82%	-8.27%	9.02%	-1.61%	1.64%	7.02%	18.75%	14.29%	16.67%	5.88%	-2.86%	-4.11%	-34.23%	2.78%	-0.64%	23.52%	1.27%	-10.96%	4.95%	8.9%	-12.41%	14.04%	10.75%	47.05%	25.6%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$1.661B	$206.0M	$57.00M	$182.0M	$468.0M	$267.0M	$121.0M	$112.0M	$95.00M	$95.00M	$112.0M	$135.0M	$156.0M	$207.0M	$538.0M
YoY Change	706.31%	261.4%	-68.68%	-61.11%	75.28%	120.66%	8.04%	17.89%	0.0%	-15.18%	-17.04%	-13.46%	-24.64%	-61.52%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Pretax Income	$1.144B	$1.476B	-$1.490B	-$621.0M	-$1.538B	$1.535B	$1.234B	$670.0M	$750.0M	$870.0M	$786.0M	$762.0M	$530.0M	$315.0M	-$115.0M	$271.0M	$988.0M	$1.127B	$1.209B	$1.097B	$953.0M	$882.0M	$1.111B	$1.222B	$1.179B	$931.4M	$816.7M	$646.2M	$625.7M	$582.1M	$488.6M	$329.0M	$385.0M	$322.6M
YoY Change	-22.49%	-199.06%	139.94%	-59.62%	-200.2%	24.39%	84.18%	-10.67%	-13.79%	10.69%	3.15%	43.77%	68.25%	-373.91%	-142.44%	-72.57%	-12.33%	-6.78%	10.21%	15.11%	8.05%	-20.61%	-9.08%	3.66%	26.56%	14.04%	26.39%	3.28%	7.49%	19.14%	48.51%	-14.55%	19.34%	32.32%
Income Tax	$263.0M	$325.0M	$322.0M	$124.0M	$336.0M	$300.0M	$491.0M	$193.0M	$229.0M	$277.0M	$245.0M	$241.0M	$137.0M	$55.00M	-$131.0M	$59.00M	$306.0M	$345.0M	$393.0M	$349.0M	$292.0M	$281.0M	$401.0M	$431.0M	$419.3M	$324.3M	$286.3M	$229.0M	$212.3M	$194.9M	$147.9M	$88.60M	$104.6M	$77.90M
% Of Pretax Income	22.99%	22.02%				19.54%	39.79%	28.81%	30.53%	31.84%	31.17%	31.63%	25.85%	17.46%		21.77%	30.97%	30.61%	32.51%	31.81%	30.64%	31.86%	36.09%	35.27%	35.57%	34.82%	35.06%	35.44%	33.93%	33.48%	30.27%	26.93%	27.17%	24.15%
Net Earnings	$854.0M	$1.122B	$1.168B	$497.0M	$1.202B	$1.235B	$743.0M	$477.0M	$521.0M	$593.0M	$541.0M	$521.0M	$393.0M	$277.0M	$17.00M	$213.0M	$686.0M	$893.0M	$861.0M	$757.0M	$661.0M	$601.0M	$710.0M	$791.0M	$759.4M	$607.1M	$530.5M	$417.2M	$413.4M	$387.2M	$340.6M	$240.4M	$280.4M	$244.7M
YoY Change	-23.89%	-3.94%	135.01%	-58.65%	-2.67%	66.22%	55.77%	-8.45%	-12.14%	9.61%	3.84%	32.57%	41.88%	1529.41%	-92.02%	-68.95%	-23.18%	3.72%	13.74%	14.52%	9.98%	-15.35%	-10.24%	4.16%	25.09%	14.44%	27.16%	0.92%	6.77%	13.68%	41.68%	-14.27%	14.59%	26.39%
Net Earnings / Revenue	107.02%	142.39%	61.44%	23.75%	42.82%	47.16%	34.05%	24.99%	29.2%	33.89%	30.33%	27.97%	21.72%	14.95%	0.81%
Basic Earnings Per Share	$6.47	$8.56	$8.45	$3.45	$7.98	$7.31	$4.23	$2.74	$2.93	$3.28	$2.92	$2.68	$2.11	$0.90	-$0.79
Diluted Earnings Per Share	$6.44	$8.470M	$8.35	$3.43	$7.90	$7.20	$4.14	$2.68	$2.84	$3.16	$2.85	$2.67	$2.09	$0.88	-$0.79	$1.430M	$4.426M	$5.512M	$5.104M	$4.356M	$3.756M	$3.395M	$3.944M	$4.419M	$4.224M	$3.823M	$3.295M	$2.437M	$2.364M	$2.185M	$1.896M	$1.345M	$1.629M	$1.555M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$445.0M	$400.0M	$771.0M	$765.0M	$786.0M	$475.0M	$466.0M	$501.0M	$550.0M	$532.0M	$594.0M	$622.0M	$675.0M	$630.0M	$644.0M	$683.0M	$650.0M	$568.0M	$510.0M	$415.0M	$374.0M	$371.0M	$353.0M	$348.0M	$331.0M	$353.0M	$380.0M	$408.0M	$455.0M	$438.0M	$399.0M	$374.0M	$359.0M	$338.0M
YoY Change	11.25%	-48.12%	0.78%	-2.67%	65.47%	1.93%	-6.99%	-8.91%	3.38%	-10.44%	-4.5%	-7.85%	7.14%	-2.17%	-5.71%	5.08%	14.44%	11.37%	22.89%	10.96%	0.81%	5.1%	1.44%	5.14%	-6.23%	-7.11%	-6.86%	-10.33%	3.88%	9.77%	6.68%	4.18%	6.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$85.83B	$85.41B	$94.62B	$88.13B	$73.40B	$70.82B	$71.57B	$72.98B	$71.88B	$69.19B	$65.22B	$65.07B	$61.01B	$53.67B	$59.25B	$67.55B	$62.33B	$58.00B	$53.01B	$51.77B	$52.59B	$53.30B	$50.73B	$49.53B	$38.65B	$36.60B	$36.29B	$34.21B	$35.47B	$33.43B	$30.30B	$27.56B	$28.00B	$25.89B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$2.895B	$2.593B	$1.584B	$1.482B	$1.440B	$1.243B	$1.069B	$1.012B	$1.383B	$1.507B	$986.0M	$1.106B	$1.349B	$1.126B	$1.022B	$1.625B	$1.260B	$1.281B	$1.192B	$1.189B	$929.0M	$790.0M	$837.0M	$800.0M	$496.0M	$366.0M	$447.0M	$459.0M	$355.0M	$269.0M	$264.0M	$273.0M	$354.0M	$435.0M
YoY Change	11.65%	63.7%	6.88%	2.92%	15.85%	16.28%	5.63%	-26.83%	-8.23%	52.84%	-10.85%	-18.01%	19.8%	10.18%	-37.11%	28.97%	-1.64%	7.47%	0.25%	27.99%	17.59%	-5.62%	4.63%	61.29%	35.52%	-18.12%	-2.61%	29.3%	31.97%	1.89%	-3.3%	-22.88%	-18.62%
Deferred Revenue
YoY Change
Short-Term Debt	$3.565B	$3.211B		$0.00	$71.00M	$44.00M	$10.00M	$25.00M	$23.00M	$116.0M	$253.0M	$110.0M	$70.00M	$130.0M	$462.0M	$1.749B	$2.807B	$635.0M	$302.0M	$193.0M	$262.0M	$540.0M	$1.986B	$2.093B	$2.768B	$3.580B	$3.193B	$4.489B	$4.674B	$4.205B	$5.401B	$3.222B	$5.134B	$3.594B
YoY Change	11.02%			-100.0%	61.36%	340.0%	-60.0%	8.7%	-80.17%	-54.15%	130.0%	57.14%	-46.15%	-71.86%	-73.58%	-37.69%	342.05%	110.26%	56.48%	-26.34%	-51.48%	-72.81%	-5.11%	-24.39%	-22.68%	12.12%	-28.87%	-3.96%	11.15%	-22.14%	67.63%	-37.24%	42.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$6.460B	$2.593B	$1.584B	$1.482B	$1.440B	$1.243B	$1.069B	$1.012B	$1.383B	$1.507B	$986.0M	$1.106B	$1.349B	$1.126B	$1.022B	$1.625B	$1.260B	$1.281B	$1.192B	$1.189B	$929.0M	$790.0M	$837.0M	$800.0M	$496.0M	$366.0M	$447.0M	$459.0M	$355.0M	$269.0M	$264.0M	$273.0M	$354.0M	$435.0M
YoY Change	149.13%	63.7%	6.88%	2.92%	15.85%	16.28%	5.63%	-26.83%	-8.23%	52.84%	-10.85%	-18.01%	19.8%	10.18%	-37.11%	28.97%	-1.64%	7.47%	0.25%	27.99%	17.59%	-5.62%	4.63%	61.29%	35.52%	-18.12%	-2.61%	29.3%	31.97%	1.89%	-3.3%	-22.88%	-18.62%
Long-Term Debt	$6.206B	$3.024B	$2.796B	$2.928B	$3.469B	$2.663B	$1.822B	$2.360B	$3.058B	$2.675B	$3.543B	$4.720B	$4.944B	$6.138B	$11.06B	$15.05B	$8.821B	$5.949B	$3.961B	$4.286B	$4.801B	$5.216B	$5.503B	$8.259B	$8.580B	$5.282B	$7.286B	$4.242B	$4.644B	$4.098B	$1.461B	$741.0M	$301.0M	$326.0M
YoY Change	105.22%	8.15%	-4.51%	-15.6%	30.27%	46.16%	-22.8%	-22.83%	14.32%	-24.5%	-24.94%	-4.53%	-19.45%	-44.5%	-26.53%	70.65%	48.28%	50.19%	-7.58%	-10.73%	-7.96%	-5.22%	-33.37%	-3.74%	62.44%	-27.5%	71.76%	-8.66%	13.32%	180.49%	97.17%	146.18%	-7.67%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$6.206B	$3.024B	$2.796B	$2.928B	$3.469B	$2.663B	$1.822B	$2.360B	$3.058B	$2.675B	$3.543B	$4.720B	$4.944B	$6.138B	$11.06B	$15.05B	$8.821B	$5.949B	$3.961B	$4.286B	$4.801B	$5.216B	$5.503B	$8.259B	$8.580B	$5.282B	$7.286B	$4.242B	$4.644B	$4.098B	$1.461B	$741.0M	$301.0M	$326.0M
YoY Change	105.22%	8.15%	-4.51%	-15.6%	30.27%	46.16%	-22.8%	-22.83%	14.32%	-24.5%	-24.94%	-4.53%	-19.45%	-44.5%	-26.53%	70.65%	48.28%	50.19%	-7.58%	-10.73%	-7.96%	-5.22%	-33.37%	-3.74%	62.44%	-27.5%	71.76%	-8.66%	13.32%	180.49%	97.17%	146.18%	-7.67%
Total Liabilities	$79.43B	$80.23B	$86.72B	$80.08B	$66.08B	$63.31B	$63.60B	$65.18B	$64.32B	$61.78B	$58.07B	$58.13B	$54.14B	$47.87B	$52.22B	$60.40B	$57.21B	$52.85B	$47.95B	$46.66B	$47.48B	$48.35B	$45.93B	$45.03B	$35.18B	$33.55B	$33.53B	$31.59B	$32.86B	$31.04B	$28.11B	$25.46B	$26.11B	$24.31B
YoY Change	-0.99%	-7.49%	8.29%	21.19%	4.37%	-0.46%	-2.42%	1.34%	4.1%	6.39%	-0.09%	7.36%	13.09%	-8.32%	-13.54%	5.56%	8.26%	10.23%	2.75%	-1.73%	-1.8%	5.29%	1.98%	28.01%	4.84%	0.07%	6.14%	-3.87%	5.88%	10.4%	10.42%	-2.49%	7.41%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	132.0M shares	131.0M shares	135.0M shares	139.0M shares	150.0M shares	168.0M shares	174.0M shares	172.0M shares	176.0M shares	179.0M shares	183.0M shares	191.0M shares	185.0M shares	170.0M shares
Diluted Shares Outstanding	133.0M shares	133.0M shares	137.0M shares	140.0M shares	151.0M shares	171.0M shares	178.0M shares	177.0M shares	181.0M shares	185.0M shares	187.0M shares	192.0M shares	186.0M shares	173.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $7.2796 Billion

About Comerica Inc

Comerica, Inc. engages in the provision of financial services. The company is headquartered in Dallas, Texas and currently employs 7,496 full-time employees. Its Commercial Bank segment serves small and middle market businesses, multinational corporations, and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. Retail Bank segment includes a range of personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The segment also offers a subset of commercial products and services to micro-businesses. Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. Finance segment includes the securities portfolio and asset and liability management activities.

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