A Business at a Glance
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CAPITAL ONE FINANCIAL CORP
COF
$109.8B
Mkt Cap
$202.84
+1.44%
CAPITAL ONE FINANCIAL CORP (COF) has a current P/E ratio of 50.3, compared to its historical median P/E of 10.8. The stock is currently considered Expensive based on its historical valuation range.
CAPITAL ONE FINANCIAL CORP (COF) has a 5-year average return on invested capital (ROIC) of 5.8%. This is below average and may indicate limited pricing power.
CAPITAL ONE FINANCIAL CORP (COF) has a market capitalization of $124.9B. It is classified as a large-cap stock.
Yes, CAPITAL ONE FINANCIAL CORP (COF) pays a dividend with a trailing twelve-month yield of 1.43%. The company also returns capital through share buybacks, with a buyback yield of 5.22%.
Based on historical P/E analysis, CAPITAL ONE FINANCIAL CORP (COF) appears expensive. The current P/E of 50.3 is 366% above its historical median of 10.8. The estimated fair value CAGR (P/E method) is -4.6%.
CAPITAL ONE FINANCIAL CORP (COF) operates in the National Commercial Banks industry, within the Financials sector.
Capital One Financial Corporation is a diversified financial services holding company and the largest issuer of credit cards in the United States by outstanding balance, operating through three primary business segments: Credit Card (domestic consumer card lending, personal loans, small business cards, and international operations in the U.K. and Canada), Consumer Banking (deposit gathering, consumer and small business lending, national auto lending, and Global Payment Network services), and Commercial Banking (lending, deposits, capital markets, and treasury management for commercial real estate and commercial/industrial customers with annual revenues between $20 million and $2 billion). The company earns revenues primarily from lending net of funding costs associated with deposits and borrowings, supplemented by non-interest income from discount and interchange fees, reward expenses, and service charges; its business model combines traditional banking operations with payment network services following the May 2025 acquisition of Discover Financial Services, which added the Discover Network, PULSE Network, Diners Club, and Network Partners to its portfolio. Capital One distributes products through digital channels, branch locations, cafés, call centers, and ATMs, serving consumers, small businesses, and commercial clients across the United States and internationally, with a deposit base that ranks among the nation's largest and is primarily funded by federally insured retail deposits. The company faces competition from national, regional, and local banks, credit unions, non-bank financial services providers, and emerging fintech companies across all business segments, with competitive positioning based on price, credit limits, reward programs, customer experience, and product features.
【Integration and earnings power focus】 Management expects earnings power on the other side of the Discover integration to remain consistent with expectations at the time of the Discover deal announcement, inclusive of the Brex and Hopper acquisitions, with full integration and expense synergies expected to be realized by the first half of 2027. The company is progressing on Discover integration milestones, including the successful conversion of Capital One's debit customers to the Discover Network and expected completion of new originations transition by the end of Q3 2026, with full conversion of existing Discover accounts to Capital One's platform expected by Q1 2027. Capital One expects to continue leaning into marketing to capitalize on market opportunities while maintaining a conservative balance sheet posture and strong risk management, with the Brex transaction expected to decrease the CET1 ratio by slightly over 40 basis points in Q2 2026. The company anticipates revenue synergies to ramp up in Q4 2025 and early 2026 as the debit business conversion to the Discover Network completes, while operating expense synergies are expected to grow as integration progresses through 2027.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 58.7B | 69.3B | 53.9B | 49.5B | 38.4B | 32.0B |
| Net Income | 2.9B | 2.2B | 4.4B | 4.6B | 7.0B | 12.0B |
| EPS | $4.82 | $4.03 | $11.59 | $11.95 | $17.91 | $26.94 |
| Free Cash Flow | 27.3B | 26.1B | 17.0B | 19.6B | 12.9B | 11.6B |
| ROIC | 0.0% | 1.6% | 4.2% | 4.4% | 6.9% | 11.8% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.46 | 0.45 | 0.75 | 0.86 | 0.93 | 0.71 |
| Dividends/Share | $2.90 | $2.80 | $2.43 | $2.43 | $2.42 | $2.58 |
| Operating Income | 0 | 2.3B | 5.9B | 6.0B | 9.2B | 15.8B |
| Operating Margin | 0.0% | 3.3% | 11.0% | 12.2% | 24.1% | 49.4% |
| ROE | 2.6% | 2.5% | 7.5% | 8.3% | 12.4% | 19.7% |
| Shares Outstanding | 616M | 541M | 384M | 383M | 393M | 444M |
CAPITAL ONE FINANCIAL CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
CAPITAL ONE FINANCIAL CORP trades at 50.3x trailing earnings, compared to its 15-year median P/E of 10.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 4.8x vs a median of 3.0x. The company's 5-year average ROIC is 5.8%. Total shareholder yield (dividends + buybacks) is 6.6%. At current prices, the estimated annualized return to fair value is +8.0%.
CAPITAL ONE FINANCIAL CORP (COF) reported annual revenue of $69.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
CAPITAL ONE FINANCIAL CORP (COF) has a net profit margin of 3.1%. This is a modest margin.
CAPITAL ONE FINANCIAL CORP (COF) generated $26.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CAPITAL ONE FINANCIAL CORP (COF) has a debt-to-equity ratio of 0.45. This indicates a conservatively financed balance sheet.
CAPITAL ONE FINANCIAL CORP (COF) reported earnings per share (EPS) of $4.03 in its most recent fiscal year.
CAPITAL ONE FINANCIAL CORP (COF) has a return on equity (ROE) of 2.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 19 years of financial data for CAPITAL ONE FINANCIAL CORP (COF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CAPITAL ONE FINANCIAL CORP (COF) has a book value per share of $209.94, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects earnings power on the other side of the Discover integration to remain consistent with expectations at the time of the Discover deal announcement, inclusive of the Brex and Hopper acquisitions, with full integration and expense synergies expected to be realized by the first half of 2027. The company is progressing on Discover integration milestones, including the successful conversion of Capital One's debit customers to the Discover Network and expected completion of new originations transition by the end of Q3 2026, with full conversion of existing Discover accounts to Capital One's platform expected by Q1 2027. Capital One expects to continue leaning into marketing to capitalize on market opportunities while maintaining a conservative balance sheet posture and strong risk management, with the Brex transaction expected to decrease the CET1 ratio by slightly over 40 basis points in Q2 2026. The company anticipates revenue synergies to ramp up in Q4 2025 and early 2026 as the debit business conversion to the Discover Network completes, while operating expense synergies are expected to grow as integration progresses through 2027.