Loading company financials…
TORONTO STOCK EXCHANGE · Banking · CIK 0001045520
$115.03
+0.02% · live
Updated
$106.59B market value
From CANADIAN IMPERIAL BANK OF COMMERCE /CAN/'s FY2025 40-F, filed Dec 4, 2025 · read the filing
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ takes deposits and lends money. It took in $20.76B last year, which makes it a large company. Of every dollar it sells, about 29 cents is left as profit.
The financial picture is led by profitability, with growth and debt worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Generally healthy, with a few things to watch.
From CANADIAN IMPERIAL BANK OF COMMERCE /CAN/'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Cash
$6.10B → $8.82B
Profit
$5.10B → $6.02B
Earnings per share
$5.41 → $6.50
Revenue
$18.25B → $20.76B
Measured against FY2024, from the 40-F filed Dec 4, 2025
Improved: +44.5%
$6.10B to $8.82BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +18.2%
$5.10B to $6.02BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
CM rose 0.02% on the latest quote. The average Financials company tracked here moved +1.12%, and the S&P 500 −1.04%. That is 1.1 points below its sector and 1.1 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 23 analysts covering this company, as of . Their views, not this site's.
Of 23 analysts publishing on this company, 5 say strong buy, 8 say buy and 10 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 29 cents of every dollar of sales as profit, earning $6.02B last year.
Slowly. Sales grew 13.8% last year.
For every $1 it owes, it owns $1.06 in assets. Banks and insurers always carry high debt — that is how lending works — so this is normal for the industry and not comparable with other sectors.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it earned $6.02B and generated $9.86B of cash from operations.
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202540-F · Dec 4, 2025Filing for FY2025 | FY202440-F · Dec 4, 2025Filing for FY2024 | FY202340-F · Dec 5, 2024Filing for FY2023 | FY202240-F · Dec 5, 2024Filing for FY2022 | FY202140-F · Dec 2, 2021Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $20.76B | $18.25B | $16.63B | $15.56B | $14.26B | +13.8% |
| Interest expense | $23.51B | $27.43B | $22.94B | $6.80B | $2.34B | −14.3% |
| Income before tax | $7.79B | $6.53B | $4.97B | $5.68B | $5.93B | +19.3% |
| Net income | $6.02B | $5.10B | $3.59B | $4.45B | $4.59B | +18.2% |
| Net marginNet income ÷ revenueWhat is this? | 29.0% | 27.9% | 21.6% | 28.6% | 32.2% | +1.1 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $6.50 | $5.41 | $3.86 | $4.91 | $10.19 | +20.2% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Others in the same industry
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Report filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingWrite down why you are following CANADIAN IMPERIAL BANK OF COMMERCE /CAN/, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
CIBC achieves top rating by advisors for the 11th year in the 2026 Investment Executive Report Card on Banks
Yahoo ·
Canadian Imperial Bank of Commerce (TSX:CM) Could Be 7% Undervalued As It Adds $1b In Long Dated Debt
Yahoo ·
Should Debt Issuance Require Action From CIBC Stock Investors?
Yahoo ·
BBVA or CM: Which Is the Better Value Stock Right Now?
Yahoo ·
IDMO: This International Momentum ETF Has A Hidden Risk, But It's Still A Buy
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from CM's 40-F for fiscal year 2025 (period ending 2025-10-31, filed Dec 4, 2025), reported under the IFRS taxonomy. Reported in CAD and shown here in USD, the currency CM trades in, converted at today's rate of 0.7126. The filing itself is in CAD. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 6 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 7.3 | 6/6 | 40-F, filed Dec 4, 2025 |
| FY2024 | 7.3 | 6/6 | 40-F, filed Dec 5, 2024 |
| FY2023 | 7.3 | 4/6 | 40-F, filed Dec 5, 2024 |
| FY2022 | 7.3 | 3/6 | 40-F, filed Dec 1, 2022 |
| FY2021 | 6.0 | 3/6 | 40-F, filed Dec 2, 2021 |
| FY2020 | 7.3 | 4/6 | 40-F, filed Dec 3, 2020 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 6 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 3 could not be evaluated and are excluded from the total rather than counted as failures.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +20.2%
$5.41 to $6.50Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +13.8%
$18.25B to $20.76BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +1.1 pts
27.9% to 29.0%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: -1.7%
942.3M to 926.6MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Loading price history…
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 1.6% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 17.7x — investors pay $17.7 for each $1 of trailing profit.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Reported annual figures
Report filed on Form 6-K
Report filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingSeekingAlpha ·
Primary sources and further research