CFG
Citizens Financial Group, Inc.
CFG's fundamentals are strong: its operating margin rose 6 points to 32% and earnings per share grew 39%. At 13x earnings, it's trading above its usual 11x. Analysts expect strong earnings growth.
CFG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
CFG's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like CFG.
CFG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.9x | $39.08 | -40% |
| Forward | 10x | $64.86 | — |
| Fair | 11x | $54.21 | -16% |
| Current | 13x | $64.86 | — |
| Expensive | 16x | $79.51 | +23% |
Historical ranges are pointers, not guarantees.
CFG's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 10x next year's earnings.
CFG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CFG, with profitability improving.
CFG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.18 | +25% |
| Q3 2026 | $4.96 | +39% |
| Q2 2026 | $4.60 | +40% |
| Q1 2026 | $4.22 | +34% |
| Q4 2025 | $3.86 | +27% |
| Q3 2025 | $3.57 | +39% |
| Q2 2025 | $3.29 | +25% |
| Q1 2025 | $3.15 | +13% |
| Q4 2024 | $3.03 | -3.2% |
CFG earned $4.96 per share over the past year, up 39% from the year before.
CFG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +9.6% |
| Q2 2026 | $2.3B | +12% |
| Q1 2026 | $2.2B | +12% |
| Q4 2025 | $2.2B | +8.6% |
| Q3 2025 | $2.1B | +11% |
| Q2 2025 | $2B | +3.8% |
| Q1 2025 | $1.9B | -1.2% |
| Q4 2024 | $2B | -0.1% |
CFG's revenue has grown year over year for six quarters in a row: $2.3B last quarter, up 9.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +4.9 points |
| Q2 2026 | 33% | +5.9 points |
| Q1 2026 | 30% | +5.8 points |
| Q4 2025 | 31% | +5.8 points |
| Q3 2025 | 30% | +5 points |
| Q2 2025 | 27% | +2.8 points |
| Q1 2025 | 24% | +2.2 points |
| Q4 2024 | 26% | +15 points |
CFG's operating margin was 35% last quarter, up 4.9 points from the same quarter a year ago.
CFG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $453M | -73% |
| Q2 2026 | $726M | -18% |
| Q1 2026 | $237M | +$450M |
| Q4 2025 | -$158M | -133% |
| Q3 2025 | $1.7B | +1205% |
| Q2 2025 | $886M | +6.2% |
| Q1 2025 | -$213M | -138% |
| Q4 2024 | $483M | -28% |
CFG's free cash flow was $1.3B over the past year, down 56% from the year before. Free cash flow isn't a meaningful measure for financial services companies like CFG.
CFG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -1M shares |
| 1 year | -2.3% | -9.8M shares |
| 3 years | -9.7% | -45.5M shares |
| 5 years | -0.5% | -2.2M shares |
| Available history | -5.7% | -25.6M shares |
CFG has 426M diluted shares, down 2.3% from a year ago, with $775M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $125M |
| Q2 2026 | $225M |
| Q1 2026 | $300M |
| Q4 2025 | $125M |
| Q3 2025 | $75M |
| Q2 2025 | $200M |
| Q1 2025 | $200M |
| Q4 2024 | $225M |
CFG spent $775M buying back its own shares over the past year, up 11% from the year before.
CFG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.1x | High |
| Q2 2026 | 4.8x | High |
| Q1 2026 | 3.8x | Elevated |
| Q4 2025 | 3.5x | Elevated |
| Q3 2025 | 3.6x | Elevated |
| Q2 2025 | 4.7x | High |
| Q1 2025 | 4.6x | High |
| Q4 2024 | 4.6x | High |
CFG's net debt is about 5.1 years of its operating earnings (EBITDA), up from 3.5 years a year ago. Net leverage isn't a meaningful measure for financial services companies like CFG.
CFG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.3 | Neutral |
| Stochastic | 16.2 | Oversold |
CFG's weekly RSI is 47 (neutral) and its Stochastic is 16 (oversold).
CFG PE vs Financial Services Sector
| Metric | CFG | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.5% above |
| PE % | 60 | 63 | 3 pts below |
CFG is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
CFG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $64.2 | 1% above |
| 20 week MA | $68.3 | 5.1% below |
| 50 week MA | $64.6 | 0.4% above |
| 100 week MA | $55.2 | 18% above |
| 200 week MA | $44.7 | 45% above |
CFG's trend is mixed: it's above four of its five weekly moving averages, and 45% above its 200-week average.
CFG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.5 | $35.1 | -13% |
| 2021 | $35.1 | $46.6 | +33% |
| 2022 | $46.6 | $38.9 | -17% |
| 2023 | $38.9 | $33.1 | -15% |
| 2024 | $33.1 | $43.6 | +32% |
| 2025 | $43.6 | $59.8 | +37% |
| 2026 YTD | $59.8 | $64.9 | +8.4% |
CFG has finished lower in three of the last six years. It's up 8.4% so far in 2026.