Friday 30 October 2026 Export CMCSA’s income statement to Excel — free account

Comcast Corporation

CMCSA Communication Services Telecom Services

Comcast Corporation’s revenue for fiscal 2025 (year ended December 2025) was $123.7 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue fell 1.23%, EPS fell 66.8%, free cash flow grew 2.27% and total debt fell 11.0%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years.

22.23 0.66 +3.06%

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Market cap: $79.1B
P/E: 7.2×
Fwd P/E: 7.7×
Dividend yield: 5.94%
F-score: 7/9
Altman Z: 1.38
Beneish M: −2.71
Dividend safety: 82/100

Overview Business Profile Financial Analysis Segments Filings

Insider Decisions trades per month

Total sells 2.28

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	2	1	—	—	—	—	—	—	—

Insider Ownership 1.23%

Capital & Financial Ratios $m

Market Cap 79,080.00

Revenue 124,904.00

Net Income 10,765.00

Free Cash Flow 17,809.00

Net Debt 82,720.00

Current Ratio 0.80

Debt/Equity 1.01

P/E ratio 7.19

Fwd P/E 7.72

P/S ratio 0.63

P/B ratio 0.88

Past 5Y EPS Growth 18.78%

This Y EPS Growth (19.46%)

Next Y EPS Growth 1.11%

Next Y revenue growth (3.15%)

Next 5Y EPS Growth (4.38%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 17.63%

10-year low 10-year high

P/S against its own 10 years 0.88%

10-year low 10-year high

P/B against its own 10 years 0.88%

10-year low 10-year high

EV/Sales against its own 10 years 0.88%

10-year low 10-year high

EV/FCF against its own 10 years 0.88%

10-year low 10-year high

Dividends

Payout Ratio 0.43

Annual Dividend Rate 1.32

Annual Dividend Yield 5.94%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.32	0.33 0.33 0.33 0.33
2025	1.30	0.31 0.33 0.33 0.33
2024	1.22	0.29 0.31 0.31 0.31
2023	1.14	0.27 0.29 0.29 0.29
2022	1.06	0.25 0.27 0.27 0.27
2021	0.98	0.23 0.25 0.25 0.25
2020	0.90	0.21 0.23 0.23 0.23
2019	0.63	0.21 0.21 0.21
2018	0.92	0.16 0.19 0.19 0.19 0.19
2017	0.47	0.16 0.16 0.16
2016	0.68	0.13 0.14 0.14 0.14 0.14

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	6,215	7,322	9,481	7,661
Receivables	13,813	13,661	13,869	13,955
Inventory	—	—	—	—
Other	3,959	5,817	6,217	4,718
	23,987	26,801	29,567	26,335

	2023	2024	2025	Q'26
Payables	12,437	11,321	11,058	11,864
ST’ Debt	2,069	4,907	5,958	6,117
Other	9,167	9,167	—	—
	40,198	39,581	33,524	33,093

Compound Annual Growth %

	10y	5y	3y
Sales	5.20%	3.62%	0.62%
Cash Flow	5.61%	6.34%	8.40%
Earnings	9.37%	13.68%	55.00%
Book Value	6.05%	1.15%	5.98%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.98 Actual 1.07

0.61 0.74 0.87 1.00 1.13

Q4 FY25 Beat +0.09

Q1 FY26 Beat +0.06

Q2 FY26 Beat +0.07

Q3 FY26 Beat +0.09

Q4 FY26 — Feb 4

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q4 FY25	0.75	0.84	Beat by 0.09
Q1 FY26	0.73	0.79	Beat by 0.06
Q2 FY26	0.97	1.04	Beat by 0.07
Q3 FY26	0.98	1.07	Beat by 0.09
Q4 FY26	0.67	—	Reports 4 February 2027

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.60	0.99	—	—	—
’25	0.89	2.98	0.90	0.60	5.39
’24	0.97	1.00	0.94	1.24	4.14
’23	0.91	1.02	0.98	0.81	3.71
’22	0.78	0.76	(1.05)	0.70	1.21
’21	0.71	0.80	0.86	0.66	3.04
’20	0.46	0.65	0.44	0.73	2.28

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	31,457	29,940	—	—	—
’25	29,887	30,313	31,198	32,309	123,707
’24	30,058	29,688	32,070	31,915	123,731
’23	29,691	30,513	30,115	31,253	121,572
’22	31,010	30,016	29,849	30,552	121,427
’21	27,205	28,546	30,298	30,336	116,385
’20	26,609	23,715	25,532	27,708	103,564

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6,891	8,092	—	—	—
’25	8,294	7,815	8,693	8,841	33,643
’24	7,848	4,724	7,021	8,080	27,673
’23	7,228	7,198	8,153	5,922	28,501
’22	7,257	6,327	6,946	5,883	26,413
’21	7,751	7,606	6,100	7,689	29,146
’20	5,824	8,643	5,228	5,042	24,737

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	3,901	4,603	—	—	—
’25	5,418	4,501	4,945	4,360	19,224
’24	4,431	1,337	3,404	3,255	12,427
’23	3,712	3,406	4,015	1,691	12,824
’22	4,613	3,150	3,332	1,221	12,316
’21	4,852	4,515	3,113	3,633	16,113
’20	2,954	5,629	1,879	684	11,146

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	24.53	32.02	28.57	31.37	29.76	43.45	26.65	32.51	34.20	24.17		(0.2%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	33.48	39.60	41.30	44.37	49.27	58.01	48.91	44.55	44.22	36.05		+0.8%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	159,000	164,000	184,000	190,000	168,000	189,000	186,000	186,000	182,000	179,000		+1.3%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.51	0.52	0.51	0.57	0.62	0.62	0.65	0.65	0.68	0.69		+3.5%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	80,736	85,029	94,507	108,942	103,564	116,385	121,427	121,572	123,731	123,707		+4.9%	119,806	116,664	119,448	(1.2%)
	Gross margin, %	40.31	40.25	38.86	38.27	36.05	36.36	37.02	37.53	37.32	36.98		(3.3) pt	Powerpack Comcast Corporation’s next three years, line by line Analysts expect revenue to shrink 1.2% a year to 2028 — slower than the 4.9% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	14,326	15,353	15,242	16,996	14,065	19,093	9,284	20,478	18,673	25,766		+6.7%
	EBT margin, %	17.74	18.06	16.13	15.60	13.58	16.41	7.65	16.84	15.09	20.83		+3.1 pt
	Net income	9,028	22,922	11,862	13,323	10,701	13,833	4,925	15,107	15,877	19,660		+9.0%
	Depreciation	9,426	9,688	10,676	12,953	13,100	13,804	13,821	14,336	14,802	16,210		+6.2%
Per share, $
Per share, $	Revenue	16.75	18.06	20.62	23.95	22.64	25.39	27.56	29.49	31.85	33.44		+8.0%
	Earnings	1.79	4.75	2.53	2.83	2.28	3.04	1.21	3.71	4.14	5.39		+13.1%
	Cash flow	4.09	4.52	5.30	5.65	5.41	6.36	5.99	6.91	7.12	9.10		+9.3%
	Capex	(2.31)	(2.47)	(2.65)	(2.98)	(2.97)	(2.84)	(3.20)	(3.80)	(3.92)	(3.90)		+6.0%
	Free cash flow	1.78	2.04	2.65	2.67	2.44	3.52	2.80	3.11	3.20	5.20		+12.7%
	Book value	11.66	14.75	15.82	18.44	20.06	21.27	18.53	20.19	22.15	26.26		+9.4%
	Shares, m	4,819	4,708	4,584	4,548	4,574	4,584	4,406	4,122	3,885	3,699		(2.9%)
Valuation, ×
Valuation, ×	P/E	18.16	8.08	12.68	14.92	21.57	15.59	28.06	11.02	8.49	5.23		14.4
	P/S	1.93	2.13	1.55	1.76	2.17	1.86	1.21	1.39	1.11	0.84		1.6
	P/B	2.78	2.61	2.02	2.29	2.45	2.22	1.80	2.03	1.59	1.07		2.1
	EV/Sales	2.65	2.85	2.69	2.70	3.11	2.65	2.00	2.14	1.85	1.56		2.4
	EV/FCF	25.01	25.23	20.98	24.18	28.91	19.11	19.68	20.26	18.40	10.05		21.2
Cash, $m
Cash, $m	Operating cash flow	19,691	21,261	24,297	25,697	24,737	29,146	26,413	28,501	27,673	33,643		+6.1%
	Capex	(11,137)	(11,644)	(12,169)	(13,544)	(13,591)	(13,033)	(14,097)	(15,677)	(15,246)	(14,419)		+2.9%
	Free cash flow	8,554	9,617	12,128	12,153	11,146	16,113	12,316	12,824	12,427	19,224		+9.4%
Balance, $m
Balance, $m	Working capital	(5,174)	(5,650)	(5,755)	(4,900)	(2,055)	(4,541)	(6,061)	(16,211)	(12,780)	(3,957)		(2.9%)
	Total debt	61,046	64,556	111,743	107,383	108,928	100,020	99,983	97,090	99,093	98,937		+5.5%
	Net debt	57,745	61,128	107,929	101,883	97,188	91,309	95,234	90,875	91,771	89,456		+5.0%
	Shareholders’ equity	56,174	69,459	72,502	83,874	91,738	97,490	81,627	83,226	86,038	97,151		+6.3%
Returns, %
Returns, %	ROA	5.00	12.36	5.34	5.07	3.92	5.15	2.01	5.89	6.10	7.42		+2.4 pt
	ROIC	9.23	8.62	6.58	7.11	5.79	6.89	4.96	8.37	8.19	6.92		(2.3) pt
	ROE	15.76	36.19	16.53	16.70	12.00	14.97	6.00	18.67	19.13	21.83		+6.1 pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Total Residential Connectivity & Platforms Segment	70,704	57.15%
Total Media Segment	27,090	21.90%
Total Studios Segment	11,286	9.12%
Total Business Services Connectivity Segment	10,237	8.28%
Total Theme Parks Segment	9,836	7.95%
Gross margin		36.98%
Operating margin		16.71%
Pre-tax margin		20.83%

Revenue by segment since 2009

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VZ Verizon Communications Inc.	$181.0B	11.4×	9.9×	−0.73% (below 0%: shrinking)	−22.03% (below 0%: shrinking)	+5.91% (above 0%: growing)	61.80%	20.96%	Compare
TMUS T-Mobile US, Inc.	$156.0B	15.4×	13.4×	+7.85% (above 0%: growing)	+5.28% (above 0%: growing)	−25.62% (below 0%: shrinking)	64.75%	24.09%	Compare
T AT&T Inc.	$140.9B	6.9×	10.4×	+2.30% (above 0%: growing)	+6.45% (above 0%: growing)	+4.83% (above 0%: growing)	61.83%	22.30%	Compare
CMCSA Comcast Corporation	$79.1B	7.2×	7.7×	−1.23% (below 0%: shrinking)	−66.78% (below 0%: shrinking)	+2.27% (above 0%: growing)	37.09%	17.23%
AMX America Movil, S.A.B. de C.V. Unsponsored ADR	$73.9B	13.8×	13.6×	+15.58% (above 0%: growing)	+23.68% (above 0%: growing)	−25.28% (below 0%: shrinking)	63.33%	21.49%	Compare
CHT Chunghwa Telecom Co., Ltd.	$37.7B	29.4×	—	+5.50% (above 0%: growing)	+2.33% (above 0%: growing)	+39.64% (above 0%: growing)	37.54%	21.61%	Compare
VOD Vodafone Group PLC	$36.1B	31.6×	13.2×	−11.38% (below 0%: shrinking)	−130.12% (below 0%: shrinking)	−16.70% (below 0%: shrinking)	30.36%	0.00%	Compare
ORANY Orange	$29.8B	6.7×	—	−5.73% (below 0%: shrinking)	+128.97% (above 0%: growing)	+104.16% (above 0%: growing)	16.49%	0.00%	Compare
ECHO EchoStar Corporation	$28.4B	— (loss-making)	3.6×	−3.99% (below 0%: shrinking)	n/m	+64.20% (above 0%: growing)	34.37%	14.34%	Compare
Median of peers	$55.8B	13.8×	11.8×	+0.79%	+5.28%	+5.37%	49.67%	21.23%

All 55 Telecom Services stocks →

Business profile

Updated 26 October 2026

Comcast is a global media and technology company. Its Connectivity & Platforms business sells broadband internet, wireless, video, voice, advertising and related technology services. Residential customers can buy these services separately or in discounted bundles under Xfinity, Sky and NOW. Business customers buy broadband, voice, wireless, cybersecurity, managed networking and enterprise connectivity through Comcast Business and Sky Business.

Its domestic broadband network combines fiber-optic and coaxial cable, while services in the United Kingdom and Italy use third-party telecommunications networks alongside its own core fiber network in the United Kingdom. Domestic wireless service is sold through mobile virtual network operator arrangements and uses Verizon’s network, Comcast Wi-Fi hotspots and, for business customers beginning in 2026, T-Mobile’s network.

Read the full business profile →

Financial Analysis (summary)

Updated 22 October 2026

Comcast reported revenue of $123.7 billion in FY2025, unchanged in dollar terms from FY2024, while net income reached $19.7 billion in FY2025. Free cash flow was $19.2 billion in FY2025, and total debt was $98.9 billion at FY2025 year-end.

In Q2 FY2026, revenue was $29.9 billion, net income was $3.4 billion, and diluted EPS was $0.99. Revenue declined from both Q1 FY2026 and Q2 FY2025, while free cash flow rose from each comparison period. Net debt was $82.7 billion in Q2 FY2026.

Read the full analysis →

Analyst rating changes each firm’s latest, last six months

Firm	Date	Action	Rating	Target
Rosenblatt	Oct 25, 2026	Reiterated	Buy	31.00
Citi	Oct 23, 2026	Target cut	Buy	27.50 → 27.00
Goldman Sachs	Oct 23, 2026	Target cut	Hold	24.00 → 23.00
Scotiabank	Oct 22, 2026	Target cut	Hold	29.00 → 27.50
Bernstein	Oct 22, 2026	Target cut	Hold	28.00 → 23.00

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year	Total pay	Actually paid	$100 invested
2025	35.15m	13.69m	65.57
2024	33.86m	(1.59m)	79.33
2023	35.47m	71.20m	89.99
2022	32.07m	(4.09m)	69.73
2021	33.98m	31.85m	97.78

Ownership

Directors and executive officers, together 100.00%

Brian L. Roberts 100.00%

Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement