NYSE · Financial Services

Citigroup Inc.

C · Banks - Diversified

$143.06

▼ -0.72 (-0.5%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

A⤢

Net Income Margin 23.5%

Fin. Health

F⤢

Years to Pay Off Debt 65.6 yrs

Valuation

F⤢

Margin of Safety 0.0%

Price-to-Book 1.27x

Cash Flow

D⤢

Free Cash Flow -$23.3B

CapEx % of Net Income 24.5%

Owner Earnings $8.3B

Cash Flow

Free Cash Flow -$23.3B

Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.

CapEx % of Net Income 24.5%

Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.

Owner Earnings $8.3B

Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About Citigroup Inc.

Citigroup Inc., a diversified financial service holding company, provides various financial products and services to consumers, corporations, governments, and institutions. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes treasury and trade solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and securities services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions. The Markets segment offers sales and trading services for equities, foreign exchange, rates, spread products, and commodities to corporate, institutional, and public sector clients; and market-making services, including asset classes, risk management solutions, financing, and prime brokerage. The Banking segment includes investment banking services comprising equity and debt capital markets-related strategic financing solutions; advisory services related to mergers and acquisitions, divestitures, restructurings, and corporate defense activities; and corporate lending consists of corporate and commercial banking. The U.S. Personal Banking segment provides proprietary and co-branded card portfolios; and traditional banking services to retail and small business customers. The Wealth segment offers financial services to high-net-worth clients through banking, lending, mortgages, investment, custody, and trust product offerings; professional industries, including law firms, consulting groups, accounting, and asset management; and affluent and high net worth clients. The company operates in North America, the United Kingdom, Japan, North and South Asia, Australia, Europe, the Middle East, and Africa. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

Metric Explanations

What each dimension measures and where the thresholds come from.

Market Data

Market Cap $244.0B

Enterprise Value $34.0B

P/E (TTM) 17.68

Dividend Yield 1.64%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 23.5%

Company Info

Sector Financial Services

Industry Banks - Diversified

Employees 224000

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Citigroup Inc. at $143.06.

The business passes 4 of 6 of Graham's defensive criteria — adequate but not exceptional.

At $143.06, the stock trades at a 63% premium to its Graham Number of $87.90. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Conclusion: This stock is better suited for Graham's Enterprising investor — one willing to devote time and skill to security selection.

Showing Key Metrics

Income Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Gross Profit %	N/A•	N/A•	N/A
Operating Margin %	N/A•	N/A•	N/A
Net Income %	23.5%▲	12.6%•	N/A
Diluted EPS	3.06▲	1.19•	N/A

Balance Sheet Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Total Assets	$2,777.7B	$2,657.2B	N/A
Total Debt	$379.6B▲	$367.7B•	N/A
Working Capital	N/A•	N/A•	N/A
Years to Pay Debt	65.62	148.81	N/A

Cash Flow Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Free Cash Flow	-$23.3B▼	$24.9B•	N/A
Owner Earnings	$8.3B	$5.2B	N/A
CapEx % of Net Income	24.5%	66.0%	N/A

Income Statement

	2026	2025	2024
Tax Effect Of Unusual Items	0	-29,741
Tax Rate For Calcs	0	0
Total Unusual Items		-88,000	-248,000
Total Unusual Items Excluding Goodwill		-88,000	-248,000
Net Income From Continuing Operation Net Minority Interest	5,786,000	2,472,000
Reconciled Depreciation	1,115,000	1,103,000
Net Interest Income	15,741,000	15,665,000
Interest Expense	19,772,000	20,984,000
Interest Income	35,513,000	36,649,000
Normalized Income	5,786,000	2,530,259
Net Income From Continuing And Discontinued Operation	5,785,000	2,471,000
Diluted Average Shares	1,776,000	1,816,900
Basic Average Shares	1,736,900	1,772,800
Diluted EPS	0	0
Basic EPS	0	0
Diluted NI Availto Com Stockholders	5,442,000	2,169,000
Average Dilution Earnings	18,000	20,000
Net Income Common Stockholders	5,424,000	2,149,000
Otherunder Preferred Stock Dividend	56,000	38,000
Preferred Stock Dividends	305,000	284,000
Net Income	5,785,000	2,471,000
Minority Interests	-153,000	-51,000
Net Income Including Noncontrolling Interests	5,938,000	2,522,000
Net Income Discontinuous Operations	-1,000	-1,000
Net Income Continuous Operations	5,939,000	2,523,000
Tax Provision	1,578,000	1,288,000
Pretax Income	7,517,000	3,811,000
Special Income Charges		-88,000	-248,000
Gain On Sale Of Business		-580,000	-56,000
Other Special Charges
Impairment Of Capital Assets
Restructuring And Mergern Acquisition		-4,000	-11,000
Gain On Sale Of Security	160,000	-142,000
Selling General And Administration	8,628,000	7,410,000
Selling And Marketing Expense	233,000	318,000
General And Administrative Expense	8,395,000	7,092,000
Insurance And Claims	13,000	24,000
Salaries And Wages	8,382,000	7,068,000
Total Revenue	24,663,000	19,670,000
Operating Revenue	24,663,000	19,670,000
Occupancy And Equipment	586,000	681,000
Professional Expense And Contract Services Expense	441,000	573,000
Other Non Interest Expense	4,669,000	4,926,000

Balance Sheet

	2026	2025	2024
Treasury Shares Number	1,394,208	1,352,206
Preferred Shares Number			22,000
Ordinary Shares Number	1,705,577	1,747,547
Share Issued	3,099,785	3,099,753
Net Debt		18,126,000	59,273,000
Total Debt	379,622,000	367,705,000
Tangible Book Value	168,107,000	168,859,000
Invested Capital	571,031,000	559,946,000
Net Tangible Assets	187,657,000	188,909,000
Common Stock Equity	191,409,000	192,241,000
Preferred Stock Equity	19,550,000	20,050,000
Total Capitalization	518,525,000	528,118,000
Total Equity Gross Minority Interest	212,572,000	213,822,000
Minority Interest	1,613,000	1,531,000
Stockholders Equity	210,959,000	212,291,000
Gains Losses Not Affecting Retained Earnings	-40,615,000	-41,897,000
Other Equity Adjustments	-40,615,000	-41,897,000
Treasury Stock	95,370,000	89,473,000
Retained Earnings	219,542,000	215,128,000
Additional Paid In Capital	107,821,000	108,452,000
Capital Stock	19,581,000	20,081,000
Common Stock	31,000	31,000
Preferred Stock	19,550,000	20,050,000
Total Liabilities Net Minority Interest	2,565,115,000	2,443,380,000
Long Term Debt And Capital Lease Obligation	307,566,000	315,827,000
Long Term Debt	307,566,000	315,827,000
Current Debt And Capital Lease Obligation	72,056,000	51,878,000
Current Debt	72,056,000	51,878,000
Other Current Borrowings	51,279,000	31,937,000
Commercial Paper	20,777,000	19,941,000
Payables And Accrued Expenses	111,224,000	74,836,000
Payables	111,224,000	74,836,000
Accounts Payable	111,224,000	74,836,000
Total Assets	2,777,687,000	2,657,202,000
Investments And Advances	772,263,000	747,551,000
Held To Maturity Securities	178,405,000	189,761,000
Available For Sale Securities	7,839,000	7,678,000
Trading Securities	334,483,000	308,323,000
Goodwill And Other Intangible Assets	23,302,000	23,382,000
Other Intangible Assets	4,305,000	4,284,000
Goodwill	18,997,000	19,098,000
Net PPE	33,574,000	33,339,000
Receivables	91,836,000	62,798,000
Other Receivables	116,000	119,000
Accounts Receivable	91,720,000	62,679,000
Other Short Term Investments	251,536,000	241,789,000
Cash And Cash Equivalents	385,722,000	349,579,000
Cash Financial	23,625,000	23,717,000
Cash Cash Equivalents And Federal Funds Sold	738,816,000	705,774,000

Cash Flow

	2026	2025	2024
Free Cash Flow	-23,288,000	24,924,000
Repurchase Of Capital Stock	-8,600,000	-6,000,000
Repayment Of Debt	-28,692,000	-25,346,000
Issuance Of Debt	24,924,000	25,733,000
Issuance Of Capital Stock	1,785,000	2,496,000
Capital Expenditure	-1,415,000	-1,631,000
Interest Paid Supplemental Data	19,559,000	20,316,000
Income Tax Paid Supplemental Data		1,798,000	1,334,000
End Cash Position	385,722,000	349,579,000
Beginning Cash Position	349,579,000	348,060,000
Effect Of Exchange Rate Changes	-842,000	-987,000
Changes In Cash	36,985,000	2,506,000
Financing Cash Flow	71,249,000	25,281,000
Cash Flow From Continuing Financing Activities	71,249,000	25,281,000
Net Other Financing Charges	-1,147,000	1,873,000
Cash Dividends Paid	-1,353,000	-1,351,000
Net Preferred Stock Issuance	-515,000	996,000
Preferred Stock Payments	-2,300,000	-1,500,000
Preferred Stock Issuance	1,785,000	2,496,000
Net Common Stock Issuance	-6,300,000	-4,500,000
Common Stock Payments	-6,300,000	-4,500,000
Net Issuance Payments Of Debt	16,410,000	-2,495,000
Net Short Term Debt Issuance	20,178,000	-2,882,000
Net Long Term Debt Issuance	-3,768,000	387,000
Long Term Debt Payments	-28,692,000	-25,346,000
Long Term Debt Issuance	24,924,000	25,733,000
Investing Cash Flow	-12,391,000	-49,330,000
Cash Flow From Continuing Investing Activities	-12,391,000	-49,330,000
Net Other Investing Changes	150,000	83,000
Net Investment Purchase And Sale	-2,244,000	8,081,000
Sale Of Investment	99,099,000	75,440,000
Purchase Of Investment	-101,343,000	-67,359,000
Net Business Purchase And Sale	233,000		0
Sale Of Business	233,000
Net PPE Purchase And Sale	3,000	38,000
Sale Of PPE	3,000	38,000
Capital Expenditure Reported	-1,415,000	-1,631,000
Operating Cash Flow	-21,873,000	26,555,000
Cash Flow From Continuing Operating Activities	-21,873,000	26,555,000
Change In Working Capital	-32,624,000	20,513,000
Change In Other Working Capital	-26,556,000	26,182,000
Change In Other Current Liabilities	264,000	-907,000
Change In Other Current Assets	-6,920,000	-2,578,000
Other Non Cash Items	1,329,000	-1,262,000
Deferred Tax	-168,000	225,000
Deferred Income Tax	-168,000	225,000
Depreciation Amortization Depletion	1,115,000	1,103,000
Depreciation And Amortization	1,115,000	1,103,000
Operating Gains Losses	-116,000	1,284,000
Gain Loss On Investment Securities	-270,000	-107,000
Gain Loss On Sale Of Business	18,000	1,170,000
Net Income From Continuing Operations	5,786,000	2,472,000

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarter vs Same Quarter Last Year

YoY strips seasonality

Revenue Growth (YoY)

Prior year: $21.6B ▲ $24.7B +14.2%

Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.

Net Margin

Prior year: 18.8% ▲ 23.5% +4.6pp

Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Adequate Size

Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.

$24.7B/qtr (≈$98.7B ann.)

vs > $1.5B annualised revenue

❌ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

-$23.3B

vs Positive

Operating Cash Flow

-$21.9B

Latest quarter · Buffett's cash reality check

ROIC

N/A

Based on latest annual operating income

Market Cap / Net Assets

1.1x

Net Assets: $212.6B

Peers & Industry

No auto-detected peers for Banks - Diversified. You can manually compare C against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.25%

Low — management has little skin in the game

Return on Equity (ROE)

3.0%

Weak — poor returns on equity

Return on Assets (ROA)

0.2%

Poor — assets are not generating adequate returns

Share Buybacks (Latest Year)

$18.2B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+3.2% YoY

Debt is roughly stable

Leadership Team

Jane Nind Fraser Ph.

CEO & Chair of the Board

Age 57

Pay: $7,587,000

0.131% of net income

Mark Mason

Executive Vice Chairman and Senior Executive Advisor to Chair & CEO

Age 55

Pay: $9,415,640

0.163% of net income

Viswas Raghavan

Executive Vice Chairman & Head of Banking

Age 59

Pay: $23,468,649

0.406% of net income

Gonzalo Luchetti

Chief Financial Officer

Age 51

Anand Selvakesari

Chief Operating Officer

Age 57

Pay: $8,183,176

0.141% of net income

Top Institutional Holders

Institution	% Owned	Shares
Blackrock Inc.	9.02%	153,780,316
Vanguard Capital Management LLC	6.43%	109,658,356
State Street Corporation	4.58%	78,042,648
Geode Capital Management, LLC	2.48%	42,312,782
Capital World Investors	2.39%	40,720,859
Franklin Resources, Inc.	2.28%	38,971,315
Fisher Asset Management, LLC	2.06%	35,218,996
Vanguard Portfolio Management LLC	1.90%	32,457,746

Risk Analysis

Beta (Market Risk)

1.11

Moderate volatility — moves slightly more than market

Short Interest

0.0% of float

Low short interest — market is not heavily bearish

52-Week Price Range

Low: $77.51 Current: $143.06 High: $147.96

Currently at 93% of 52-week range