Comcast Corporation

CMCSA · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$108,916	$143,610	$176,500	$151,190	$229,954	$239,412	$205,464	$155,572	$182,985	$164,573	$137,582	$135,541	$123,265	$88,950	$56,945	$53,283	$48,591	$49,931	$56,569	$89,175	$85,406	$100,687	$99,235	$39,241	$51,258	$37,524	$35,927	$21,141	$10,622	$4,344	$4,359	$3,515	$4,755	$2,600	$1,972	$1,558	$1,933	$737	$688	$522	$293
Enterprise value	$210,113	$235,837	$280,012	$246,706	$322,293	$337,723	$306,786	$264,296	$244,937	$224,452	$189,511	$179,467	$166,185	$117,433	$94,961	$78,713	$77,056	$81,259	$87,081	$115,417	$108,339	$122,740	$122,480	$71,560	$61,367	$45,341	$37,583	$26,682	$16,711	$12,204	$11,621	$8,801	$9,022	$6,447	$3,631	$3,034	$3,323	$1,981	$1,148	$977	$305
P/E (TTM) at period end	5.45×	8.87×	11.47×	28.15×	16.24×	22.73×	15.74×	13.26×	8.05×	18.96×	16.85×	16.17×	18.08×	14.34×	13.69×	14.66×	13.36×	19.60×	21.87×	35.21×	92.03×	103.80×	30.63×	–	84.17×	18.56×	33.71×	21.75×	–	–	–	–	–	–	–	–	–	–	–	521.64×	20.08×
P/S (TTM) at period end	0.88×	1.16×	1.45×	1.25×	1.98×	2.31×	1.89×	1.65×	2.15×	2.04×	1.85×	1.97×	1.91×	1.42×	1.02×	1.40×	1.36×	1.45×	1.82×	3.57×	4.05×	5.24×	5.41×	4.84×	5.30×	4.57×	5.50×	3.90×	2.38×	1.20×	1.30×	2.56×	3.46×	2.89×	2.74×	2.37×	3.44×	1.64×	2.22×	3.99×	2.50×
P/B at period end	1.12×	1.68×	2.13×	1.87×	2.39×	2.65×	2.48×	2.17×	2.67×	3.05×	2.63×	2.57×	2.43×	1.80×	1.20×	1.20×	1.14×	1.23×	1.37×	2.17×	2.12×	2.43×	2.38×	1.02×	3.54×	2.66×	3.47×	5.54×	6.45×	7.87×	–	–	–	–	101.14×	–	11.51×	3.58×	2.66×	2.75×	2.56×
EV / EBITDA (TTM)	5.70×	6.19×	7.44×	8.85×	9.31×	11.04×	9.00×	8.80×	8.70×	8.55×	7.68×	7.83×	7.75×	5.88×	5.17×	5.82×	6.07×	6.19×	8.15×	12.05×	13.01×	16.47×	19.16×	25.23×	22.72×	18.35×	19.99×	17.83×	12.92×	11.66×	11.41×	5.14×	5.26×	16.24×	11.74×	11.19×	14.85×	11.20×	–	–	–
EV / Sales (TTM)	1.70×	1.91×	2.30×	2.03×	2.77×	3.26×	2.82×	2.80×	2.88×	2.78×	2.54×	2.61×	2.57×	1.88×	1.70×	2.07×	2.16×	2.36×	2.80×	4.62×	5.14×	6.39×	6.68×	8.83×	6.34×	5.52×	5.76×	4.92×	3.74×	3.38×	3.46×	6.40×	6.56×	7.16×	5.04×	4.62×	5.91×	4.40×	3.71×	7.47×	2.60×
Returns
Return on equity	20.6%	18.9%	18.6%	6.6%	14.7%	11.7%	15.8%	16.4%	33.1%	16.1%	15.6%	15.9%	13.4%	12.6%	8.8%	8.2%	8.5%	6.3%	6.3%	6.2%	2.3%	2.3%	7.8%	(0.5%)	4.2%	14.4%	10.3%	25.5%	(14.5%)	(9.7%)	–	–	–	–	(797.9%)	–	(88.6%)	(23.1%)	(3.6%)	0.5%	12.8%
Return on invested capital	8.0%	11.1%	9.2%	4.2%	8.0%	7.0%	8.9%	8.2%	13.8%	9.3%	9.6%	10.6%	9.0%	10.4%	7.9%	6.9%	7.2%	5.8%	4.6%	4.2%	2.7%	2.4%	2.6%	1.0%	(0.9%)	(0.4%)	1.8%	3.7%	6.0%	–	–	30.2%	40.5%	4.5%	8.6%	7.4%	5.8%	4.5%	–	0.3%	10.8%
Dividend yield	4.5%	3.4%	2.7%	3.1%	2.0%	1.7%	1.8%	2.2%	1.6%	1.6%	1.8%	1.7%	1.6%	1.8%	2.1%	2.0%	1.6%	1.1%	–	–	–	–	–	–	–	–	0.0%	0.2%	0.3%	0.6%	0.5%	0.6%	0.4%	0.7%	0.9%	0.9%	0.6%	1.1%	–	–	–
Financial health
Current ratio	0.88×	0.68×	0.60×	0.78×	0.85×	0.93×	0.84×	0.79×	0.74×	0.76×	0.68×	0.78×	0.74×	1.20×	0.65×	1.08×	0.44×	0.42×	0.46×	0.72×	0.44×	0.41×	0.56×	0.46×	1.44×	1.48×	1.77×	1.85×	1.03×	1.03×	1.47×	0.92×	1.31×	1.09×	2.44×	1.35×	2.00×	1.99×	1.90×	3.07×	7.12×
Debt / equity	1.02×	1.16×	1.17×	1.17×	0.99×	1.15×	1.24×	1.56×	0.94×	1.13×	1.01×	0.91×	0.94×	0.82×	0.83×	0.71×	0.68×	0.80×	0.76×	0.70×	0.58×	0.57×	0.65×	0.91×	0.84×	0.77×	0.89×	1.46×	3.32×	13.29×	(9.06×)	(6.87×)	(5.09×)	(22.36×)	91.52×	(72.11×)	9.13×	6.55×	2.48×	3.71×	1.75×
Effective tax rate	23.7%	15.0%	26.2%	47.0%	27.5%	23.9%	21.6%	22.2%	(49.3%)	37.0%	37.1%	31.1%	35.8%	32.3%	37.2%	39.9%	28.9%	37.8%	41.4%	37.5%	50.8%	46.0%	11.7%	23.1%	67.5%	41.3%	48.1%	37.1%	(62.6%)	106.2%	979.1%	–	–	(6.9%)	(9.0%)	2.6%	(1.3%)	(7.2%)	354.1%	92.5%	37.3%
Share count
Diluted shares outstanding	3,709	3,908	4,148	4,430	4,654	4,624	4,610	4,640	4,786	4,875	5,035	5,240	5,330	5,434	5,556	5,640	5,770	5,904	6,384	6,360	9,936	9,110	9,110	4,993	4,338	2,810	2,353	2,356	2,000	1,477	1,463	1,373	1,177	1,209	1,060	1,067	1,002	595	564	617	398

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$123,005	$123,707	$123,731	$121,572	$121,427	$116,385	$103,564	$108,942	$94,507	$85,029	$80,736	$74,510	$68,775	$64,657	$62,570	$55,842	$37,937	$35,756	$34,423	$31,060	$24,966	$21,075	$19,221	$18,348	$8,102	$9,674	$8,219	$6,529	$5,419	$4,468	$3,612	$3,363	$1,375	$1,375	$900	$721	$657	$562	$450	$309	$131	$117
Cost of revenue	($37,093)	($34,951)	($37,026)	($36,762)	($38,213)	($38,450)	($33,121)	($34,440)	($29,692)	($25,355)	($24,348)	($22,550)	($20,912)	($19,670)	($19,929)	($16,596)	($8,537)	($14,380)	($13,639)	($11,175)	($9,010)	($7,513)	($7,036)	($7,041)	($3,012)	($5,420)	($4,497)	($3,723)	($3,146)	($2,474)	($2,026)	($1,704)	–	–	($276)	($252)	($244)	($208)	($171)	($118)	($50)	($48)
Gross profit	$85,912	$88,756	$86,705	$84,810	$83,214	$77,935	$70,443	$74,502	$64,815	$59,674	$56,388	$51,960	$47,863	$44,987	$42,641	$39,246	$29,400	$21,376	$20,784	$19,720	$15,956	$13,562	$12,185	$11,307	$5,090	$4,254	$3,721	$2,806	$2,273	$1,993	$1,586	$1,659	–	–	$625	$469	$413	$354	$278	$191	$81	$70
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($52,370)	($51,875)	($48,606)	($47,161)	($46,769)	($43,314)	($39,850)	($40,424)	($35,130)	($31,968)	($30,131)	($27,282)	($24,940)	($23,553)	($22,664)	($20,889)	($8,091)	($7,662)	($7,629)	($6,940)	($6,514)	($5,490)	($5,005)	($4,915)	($2,254)	($1,553)	($1,251)	($926)	($776)	($700)	($539)	($640)	–	–	($228)	($160)	($142)	($130)	($102)	($79)	($34)	($32)
Total operating expenses	($67,809)	($68,084)	($63,408)	($61,496)	($69,173)	($57,118)	($52,950)	($53,377)	($45,806)	($41,656)	($39,557)	($35,962)	($32,959)	($31,424)	($30,462)	($28,525)	($21,420)	($14,162)	($14,052)	($14,142)	($11,337)	($10,041)	($9,356)	($9,353)	($4,169)	($5,001)	($3,882)	($2,142)	($1,716)	($1,527)	($1,120)	($1,329)	–	–	($460)	($324)	($303)	($264)	($213)	($145)	($52)	($48)
Total costs and expenses	($104,902)	($103,035)	($100,434)	($98,258)	($107,386)	($95,568)	($86,071)	($87,817)	($75,498)	($67,011)	($63,905)	($58,512)	($53,871)	($51,094)	($50,391)	($45,121)	($29,957)	($28,542)	($27,691)	($25,482)	($20,347)	($17,554)	($16,392)	($16,394)	($7,181)	($10,421)	($8,380)	($5,865)	($4,862)	($4,001)	($3,146)	($3,033)	–	–	($735)	($576)	($547)	($472)	($384)	($263)	($102)	($96)
Operating income	$18,103	$20,672	$23,297	$23,314	$14,041	$20,817	$17,493	$21,125	$19,009	$18,018	$16,831	$15,998	$14,904	$13,563	$12,179	$10,721	$7,980	$7,214	$6,732	$5,578	$4,619	$3,521	$2,829	$1,954	$921	($747)	($161)	$664	$557	$467	$466	$330	$1,375	$1,375	$165	$145	$110	$90	$65	$46	$29	$22
Earnings
EBITDA	$33,542	$36,882	$38,099	$37,650	$27,862	$34,621	$30,593	$34,078	$30,026	$28,148	$26,257	$24,678	$22,923	$21,434	$19,977	$18,357	$13,519	$12,697	$13,132	$10,685	$9,581	$8,325	$7,452	$6,392	$2,836	$2,701	$2,470	$1,880	$1,497	$1,293	$1,047	$1,019	$1,712	$1,717	$397	$309	$271	$224	$177	–	–	–
Interest income	–	–	–	–	–	–	$1,160	$438	($225)	$136	$123	$115	$116	$111	$119	$110	$94	$102	$149	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($4,234)	($4,409)	($4,134)	($4,087)	($3,896)	($4,281)	($4,588)	($4,567)	($3,542)	($3,086)	($2,942)	($2,702)	($2,617)	($2,574)	($2,521)	($2,505)	($2,156)	($2,348)	($2,439)	($2,289)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$13,950	$25,766	$18,673	$20,478	$9,284	$19,093	$14,065	$16,996	$15,242	$15,353	$14,326	$13,372	$12,465	$11,115	$11,609	$8,207	$6,104	$5,106	$4,058	$4,349	$3,594	$1,720	$1,743	($137)	($554)	$696	$3,486	$1,505	$1,602	($112)	$103	$4	$1,375	$1,375	($204)	($143)	($183)	($147)	($44)	$4	$13	$23
Income tax expense	($3,073)	($6,106)	($2,796)	($5,371)	($4,359)	($5,259)	($3,364)	($3,673)	($3,380)	$7,569	($5,298)	($4,959)	($3,873)	($3,980)	($3,744)	($3,050)	($2,436)	($1,478)	($1,533)	($1,800)	($1,347)	($873)	($801)	$16	$128	($470)	($1,441)	($724)	($594)	($70)	($109)	($42)	–	–	($14)	($13)	$5	($2)	($3)	($13)	($12)	($9)
Net income	$11,316	$19,998	$16,192	$15,388	$5,370	$14,159	$10,534	$13,057	$11,731	$22,735	$8,678	$8,163	$8,380	$6,816	$6,203	$4,160	$3,635	$3,638	$2,547	$2,587	$2,533	$928	$970	$3,240	($195)	$609	$2,022	$1,066	$972	($239)	($54)	($44)	($87)	($87)	($270)	($156)	($178)	($149)	($48)	($9)	$1	$15
Per share
Diluted EPS (GAAP)	$3.16	$5.39	$4.14	$3.71	$1.21	$3.04	$2.28	$2.83	$2.53	$4.75	$1.78	$1.62	$1.60	$1.28	$1.14	$0.75	$0.645	$0.63	$0.43	$0.415	$0.40	$0.0933	$0.14	$0.48	($0.0549)	$0.21	$0.72	$0.44	$0.40	($0.12)	($0.0362)	($0.03)	($0.0634)	($0.0739)	($0.22)	($0.15)	($0.17)	($0.15)	($0.08)	($0.0167)	$0.0016	$0.0367
Basic EPS (GAAP)	$3.16	$5.41	$4.17	$3.73	$1.22	$3.09	$2.30	$2.87	$2.56	$4.83	$1.80	$1.64	$1.62	$1.30	$1.16	$0.755	$0.645	$0.635	$0.435	$0.42	$0.40	$0.0933	$0.11	$0.36	($0.0549)	$0.21	$0.74	$0.46	$0.43	($0.12)	($0.0362)	($0.03)	($0.0634)	($0.0739)	($0.22)	($0.15)	($0.17)	($0.15)	($0.08)	($0.0167)	$0.0016	$0.0367
Basic shares outstanding	3,590	3,699	3,885	4,122	4,406	4,584	4,574	4,548	4,584	4,708	4,819	4,972	5,166	5,250	5,356	5,492	5,616	5,750	5,878	6,196	6,320	9,885	9,079	9,079	4,993	4,272	2,725	2,251	2,209	2,000	1,477	1,463	1,373	1,177	1,209	1,060	1,067	1,002	595	564	617	398
Margins
Gross margin	69.8%	71.7%	70.1%	69.8%	68.5%	67.0%	68.0%	68.4%	68.6%	70.2%	69.8%	69.7%	69.6%	69.6%	68.1%	70.3%	77.5%	59.8%	60.4%	63.5%	63.9%	64.4%	63.4%	61.6%	62.8%	44.0%	45.3%	43.0%	41.9%	44.6%	43.9%	49.3%	–	–	69.4%	65.0%	62.9%	63.0%	61.9%	61.8%	61.7%	59.3%
Operating margin	14.7%	16.7%	18.8%	19.2%	11.6%	17.9%	16.9%	19.4%	20.1%	21.2%	20.8%	21.5%	21.7%	21.0%	19.5%	19.2%	21.0%	20.2%	19.6%	18.0%	18.5%	16.7%	14.7%	10.6%	11.4%	(7.7%)	(2.0%)	10.2%	10.3%	10.4%	12.9%	9.8%	100.0%	100.0%	18.3%	20.1%	16.7%	16.0%	14.5%	14.9%	22.0%	18.6%
Net margin	9.2%	16.2%	13.1%	12.7%	4.4%	12.2%	10.2%	12.0%	12.4%	26.7%	10.7%	11.0%	12.2%	10.5%	9.9%	7.4%	9.6%	10.2%	7.4%	8.3%	10.1%	4.4%	5.0%	17.7%	(2.4%)	6.3%	24.6%	16.3%	17.9%	(5.3%)	(1.5%)	(1.3%)	(6.3%)	(6.3%)	(30.0%)	(21.6%)	(27.2%)	(26.5%)	(10.6%)	(3.0%)	0.8%	12.4%

Analyst consensus

Buy61 analysts

Bearish · 3 · Hold · 24 · Bullish · 34

Earnings history

	EPS	Estimate
Q4 2024	$0.96	$0.86	Beat
Q1 2025	$1.09	$0.99	Beat
Q2 2025	$1.25	$1.16	Beat
Q3 2025	$1.12	$1.03	Beat
Q4 2025	$0.84	$0.73	Beat
Q1 2026	$0.79	$0.72	Beat
Q2 2026	$1.04	$0.97	Beat
Q3 2026	$1.07	$0.99	Beat

Peers

Company overview

IPO dateMar 17, 1980

CEOBrian L. Roberts

Employees179,000

SectorCommunication Services

IndustryTelecommunications Services

CountryUS

ExchangeNASDAQ Global Select

Websitecorporate.comcast.com

Comcast Corporation functions as a global media and technology conglomerate. Its diverse operations are segmented across Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications division delivers internet, television, phone, and mobile services to residential and business clients under its Xfinity brand, alongside offering advertising solutions. Its Media segment encompasses NBCUniversal's television and streaming platforms, including its national, regional, and international cable channels, the NBC and Telemundo broadcast networks, and the Peacock streaming service. The Studios segment is responsible for NBCUniversal's film and television production and distribution activities. Through its Theme Parks division, Comcast manages Universal Studios resorts located in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment provides direct-to-consumer services such as video, internet, voice, and mobile phone offerings, while its content arm includes entertainment networks, the Sky News channel, and Sky Sports networks. Additionally, Comcast owns the Philadelphia Flyers hockey team and the Wells Fargo Center arena in Philadelphia, Pennsylvania. Founded in 1963, Comcast Corporation is headquartered in Philadelphia, Pennsylvania.

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