FirmAtlas
Company handbook · CMCSA · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
CMCSA · CIK 1166691 · LATEST FILING: 10-Q JUN '26 · FILED JUL 23, 2026
COMCAST CORPORATION
$21.90
+0.13 (+0.60%)
Close, Oct 16, 2026 · 52-week $20–33
Last fiscal year
COMCAST CORPORATION reported revenue of $123.7B for the year ended Dec 31, 2025 (FY25), down 0.0% from FY24. Net income was $20.0B, operating cash flow $33.6B and free cash flow $21.9B. Source: 10-K filed Feb 3, 2026.
Market cap
$81.2B
P/E
7.2
EV/EBITDA
4.6x
P/B
0.9
Div yield
6.03%
ROIC
8.7%
Revenue 1Y
−0.0%/yr
EPS 1Y
30.2%/yr
Shares 1Y
−5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOBrian L. Roberts
HQPhiladelphia, PA
AuditorDeloitte & Touche LLP
Employees179,000
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−3.9%
−16.5%
−20.9%
−25.2%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$51.3B deployed
Capex
$23.9B
46.6%
Acquisitions
$1.4B
2.8%
Dividends
$9.7B
18.9%
Buybacks
$16.3B
31.7%
Operating cash flow over the period: $61.3B. Total debt changed by −$200M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
123,731
123,707−0.0%
124,904
YoY
−0.0%
Operating income
23,297
20,672−11.3%
18,317
Operating margin
18.8%
16.7%−2.1 pp
—
EBITDA
38,099
36,882−3.2%
—
EBITDA margin
30.8%
29.8%−1.0 pp
—
Interest expense
4,134
4,409+6.7%
—
Interest coverage
9.22x
8.37x−0.85x
—
Net income
16,192
19,998+23.5%
11,200
YoY
+23.5%
Net margin
13.1%
16.2%+3.1 pp
—
EPS (diluted, $)
4.14
5.39+30.2%
3.07
YoY
+30.2%
Balance sheet
Total assets
266,211
272,631+2.4%
257,548
Cash & short-term investments
7,398
10,573+42.9%
—
Accounts receivable
13,661
13,869+1.5%
—
Net PP&E
62,548
65,680+5.0%
—
Other assets
182,604
182,509−0.1%
—
Total liabilities
180,651
175,728−2.7%
167,785
Accounts payable
11,321
11,058−2.3%
—
Total debt
99,100
98,900−0.2%
90,400
Other liabilities
70,230
65,770−6.4%
—
Shareholders’ equity
85,560
96,903+13.3%
89,763
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
27,673
33,643+21.6%
32,517
Net income
15,877
19,660+23.8%
—
Depreciation & amortization
14,802
16,210+9.5%
—
Stock-based compensation
1,288
1,288+0.0%
—
Working capital & other
(4,294)
(3,515)n/m
—
Cash from investing
(15,670)
(16,157)n/m
—
Capex
(12,181)
(11,750)n/m
—
Acquisitions
(119)
(1,306)n/m
—
Investments bought
(1,082)
(1,302)n/m
—
Other investing
(2,288)
(1,799)n/m
—
Cash from financing
(10,883)
(14,346)n/m
—
Debt raised
6,268
3,494−44.3%
—
Debt repaid
(3,573)
(5,740)n/m
—
Dividends
(4,814)
(4,894)n/m
—
Buybacks
(9,103)
(7,155)n/m
—
Other financing
339
(51)−115.0%
—
Net change in cash
1,095
3,182+190.6%
—
Free cash flow (OCF − capex)
15,492
21,893+41.3%
20,444
Where the cash went
Operating cash flow
27,673
33,643+21.6%
32,517
Reinvested in the business
12,300
13,056+6.1%
—
% of operating cash flow
44.4%
38.8%
Capex
12,181
11,750−3.5%
12,073
Acquisitions
119
1,306+997.5%
—
Free cash flow
15,492
21,893+41.3%
20,444
YoY
+41.3%
Returned to shareholders
13,917
12,049−13.4%
—
% of free cash flow
89.8%
55.0%
Dividends
4,814
4,894+1.7%
—
Buybacks
9,103
7,155−21.4%
—
Change in total debt
—
(200)
—
Cash left over
—
8,338
—
FCF conversion (FCF ÷ net income)
95.7%
109.5%+13.8 pp
—
Owner earnings
—
23,987
—
Owner earnings margin
—
19.4%
—
Buyback yield
6.2%
6.5%+0.2 pp
—
Returns & ratios
ROIC (all capital)
11.2%
8.7%−2.5 pp
—
ROIC (operating)
30.5%
23.7%−6.9 pp
—
Net debt / EBITDA
2.41x
2.39x−0.01x
—
Debt / equity
1.16x
1.02x−0.14x
—
ROE
18.9%
20.6%+1.7 pp
—
ROA
6.1%
7.3%+1.3 pp
—
ROCE
10.3%
8.6%−1.6 pp
—
NOPAT
19,809
15,773−20.4%
—
Invested capital (operating)
64,888
68,491+5.6%
—
Invested capital (all)
177,262
185,230+4.5%
—
Reinvestment rate
—
22.8%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
31,198
32,309
31,457
29,940
vs year-ago quarter
Operating income
5,534
3,488
4,135
5,160
Net income
3,332
2,168
2,174
3,526
vs year-ago quarter
Net margin
10.7%
6.7%
6.9%
11.8%
EPS (diluted, $)
0.90
0.58
0.60
0.99
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
272,995
272,631
260,002
257,548
Cash & equivalents
9,371
10,573
9,517
7,735
Total debt
99,100
98,900
94,600
90,400
Shareholders’ equity
97,081
96,903
88,274
89,763
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
8,693
8,841
6,891
8,092
Capex
3,071
3,749
2,351
2,902
Free cash flow
5,622
5,092
4,540
5,190
vs year-ago quarter