Comcast Corp Financials

CMCSA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Comcast Corp (CMCSA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$123.7B

YoY+1.9%

5Y CAGR+5.5%

10Y CAGR+6.7%

Comcast Corp generated $123.7B in revenue in fiscal year 2025. This represents an increase of 1.9% from the prior year.

EBITDA

$36.9B

YoY+32.4%

5Y CAGR+4.2%

10Y CAGR+5.6%

Comcast Corp's EBITDA was $36.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.4% from the prior year.

Free Cash Flow

$21.9B

YoY+38.7%

5Y CAGR+8.6%

10Y CAGR+11.2%

Comcast Corp generated $21.9B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 38.7% from the prior year.

Net Income

$20.0B

YoY+272.4%

5Y CAGR+11.3%

10Y CAGR+11.4%

Comcast Corp reported $20.0B in net income in fiscal year 2025. This represents an increase of 272.4% from the prior year.

EPS (Diluted)

$5.39

YoY+345.5%

5Y CAGR+16.3%

10Y CAGR+7.7%

Comcast Corp earned $5.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 345.5% from the prior year.

Cash & Debt

$9.5B

YoY+99.6%

5Y CAGR+20.0%

10Y CAGR+18.6%

Comcast Corp held $9.5B in cash against $93.0B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.32

YoY+22.2%

5Y CAGR+11.7%

10Y CAGR+5.4%

Comcast Corp paid $1.32 per share in dividends in fiscal year 2025. This represents an increase of 22.2% from the prior year.

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

16.7%

YoY+5.2pp

5Y CAGR-3.4pp

10Y CAGR-4.3pp

Comcast Corp's operating margin was 16.7% in fiscal year 2025, reflecting core business profitability. This is up 5.2 percentage points from the prior year.

Net Margin

16.2%

YoY+11.8pp

5Y CAGR+3.8pp

10Y CAGR+5.6pp

Comcast Corp's net profit margin was 16.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 11.8 percentage points from the prior year.

Return on Equity

20.6%

YoY+14.1pp

5Y CAGR+4.5pp

10Y CAGR+7.3pp

Comcast Corp's ROE was 20.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 14.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$7.2B

YoY-46.3%

5Y CAGR+6.1%

10Y CAGR+13.6%

Comcast Corp spent $7.2B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 46.3% from the prior year.

Capital Expenditures

$11.8B

YoY+10.6%

5Y CAGR+3.8%

10Y CAGR+5.9%

Comcast Corp invested $11.8B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 10.6% from the prior year.

CMCSA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$123.7B+1.9%	$121.4B+4.3%	$116.4B+12.4%	$103.6B-4.9%	$108.9B+15.3%	$94.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$20.7B+47.2%	$14.0B-32.6%	$20.8B+19.0%	$17.5B-17.2%	$21.1B+11.1%	$19.0B
Interest Expense	$4.4B+13.2%	$3.9B-9.0%	$4.3B-6.7%	$4.6B+0.5%	$4.6B+28.9%	$3.5B
Income Tax	$6.1B+40.1%	$4.4B-17.1%	$5.3B+56.3%	$3.4B-8.4%	$3.7B+8.7%	$3.4B
Net Income	$20.0B+272.4%	$5.4B-62.1%	$14.2B+34.4%	$10.5B-19.3%	$13.1B+11.3%	$11.7B
EPS (Diluted)	$5.39+345.5%	$1.21-60.2%	$3.04+33.3%	$2.28-19.4%	$2.83+11.9%	$2.53

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$32.3B+3.6%	$31.2B+2.9%	$30.3B+1.4%	$29.9B-4.4%	$31.3B+3.8%	$30.1B-1.3%	$30.5B+2.8%	$29.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$3.5B-37.0%	$5.5B-7.6%	$6.0B+5.9%	$5.7B+26.2%	$4.5B-30.7%	$6.5B-3.5%	$6.7B+18.8%	$5.6B
Interest Expense	$1.1B-0.2%	$1.1B+2.1%	$1.1B+5.2%	$1.1B+3.0%	$1.0B-3.9%	$1.1B+6.2%	$998.0M-1.2%	$1.0B
Income Tax	$89.0M-92.7%	$1.2B-66.2%	$3.6B+201.3%	$1.2B+34.4%	$890.0M-39.4%	$1.5B-4.5%	$1.5B+4.1%	$1.5B
Net Income	$2.2B-34.9%	$3.3B-70.0%	$11.1B+229.6%	$3.4B+3.5%	$3.3B-19.4%	$4.0B-4.8%	$4.2B+10.8%	$3.8B
EPS (Diluted)	$0.62-31.1%	$0.90-69.8%	$2.98+234.8%	$0.89+11.2%	$0.80-18.4%	$0.98-3.9%	$1.02+12.1%	$0.91

CMCSA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$272.6B+6.0%	$257.3B-6.8%	$275.9B+0.7%	$273.9B+4.0%	$263.4B+4.7%	$251.7B
Current Assets	$29.6B+35.5%	$21.8B-12.0%	$24.8B-7.2%	$26.7B+5.3%	$25.4B+16.2%	$21.8B
Cash & Equivalents	$9.5B+99.6%	$4.7B-45.5%	$8.7B-25.8%	$11.7B+113.5%	$5.5B+44.2%	$3.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$13.9B+9.4%	$12.7B+5.5%	$12.0B+4.7%	$11.5B+1.5%	$11.3B+1.7%	$11.1B
Goodwill	$61.5B+5.1%	$58.5B-16.7%	$70.2B-0.7%	$70.7B+2.9%	$68.7B+3.9%	$66.2B
Total Liabilities	$175.7B0.0%	$175.6B-1.6%	$178.4B-2.0%	$182.1B+1.4%	$179.5B+0.2%	$179.2B
Current Liabilities	$33.5B+20.2%	$27.9B-5.0%	$29.3B+1.9%	$28.8B-4.9%	$30.3B+9.7%	$27.6B
Long-Term Debt	$93.0B-0.1%	$93.1B+0.4%	$92.7B-7.8%	$100.6B+2.9%	$97.8B-8.9%	$107.3B
Total Equity	$96.9B+18.7%	$81.6B-16.3%	$97.5B+6.3%	$91.7B+9.4%	$83.9B+15.7%	$72.5B
Retained Earnings	$66.7B+29.2%	$51.6B-16.6%	$61.9B+9.7%	$56.4B+11.3%	$50.7B+20.8%	$42.0B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$272.6B-0.1%	$273.0B-0.3%	$273.9B+2.3%	$267.8B+1.1%	$264.8B+1.4%	$261.1B-0.4%	$262.1B+1.0%	$259.4B
Current Assets	$29.6B+2.5%	$28.9B-0.6%	$29.0B+6.3%	$27.3B+13.9%	$24.0B-0.6%	$24.1B-3.1%	$24.9B+11.4%	$22.4B
Cash & Equivalents	$9.5B+1.7%	$9.3B-3.7%	$9.7B+12.7%	$8.6B+38.3%	$6.2B-3.4%	$6.4B-9.9%	$7.1B+29.1%	$5.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$13.9B+5.0%	$13.2B+1.3%	$13.0B+1.2%	$12.9B-6.7%	$13.8B+7.6%	$12.8B-1.1%	$13.0B+5.6%	$12.3B
Goodwill	$61.5B+0.2%	$61.4B-0.7%	$61.8B+4.6%	$59.1B-0.3%	$59.3B+2.1%	$58.1B-1.6%	$59.0B+0.1%	$59.0B
Total Liabilities	$175.7B-0.1%	$175.9B-0.6%	$177.0B-2.3%	$181.1B-0.2%	$181.6B+2.1%	$177.9B+0.2%	$177.5B+0.6%	$176.4B
Current Liabilities	$33.5B+2.5%	$32.7B+2.9%	$31.8B-24.9%	$42.3B+5.3%	$40.2B+16.6%	$34.5B+4.7%	$32.9B+1.6%	$32.4B
Long-Term Debt	$93.0B-0.2%	$93.2B-2.7%	$95.8B+3.8%	$92.3B-2.9%	$95.0B+0.7%	$94.4B-0.7%	$95.0B+0.6%	$94.4B
Total Equity	$96.9B-0.2%	$97.1B+0.2%	$96.9B+11.8%	$86.6B+4.1%	$83.2B+0.1%	$83.2B-1.8%	$84.7B+2.0%	$83.0B
Retained Earnings	$66.7B-0.3%	$66.9B+1.3%	$66.0B+14.8%	$57.5B+8.7%	$52.9B-1.6%	$53.8B-0.3%	$53.9B+2.6%	$52.5B

CMCSA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$33.6B+27.4%	$26.4B-9.4%	$29.1B+17.8%	$24.7B-3.7%	$25.7B+5.8%	$24.3B
Capital Expenditures	$11.8B+10.6%	$10.6B+15.8%	$9.2B-0.1%	$9.2B-7.8%	$10.0B+1.8%	$9.8B
Free Cash Flow	$21.9B+38.7%	$15.8B-21.0%	$20.0B+28.4%	$15.6B-1.2%	$15.7B+8.4%	$14.5B
Investing Cash Flow	-$16.2B-14.3%	-$14.1B-5.2%	-$13.4B-11.6%	-$12.0B+18.8%	-$14.8B+70.8%	-$50.9B
Financing Cash Flow	-$14.3B+11.4%	-$16.2B+13.1%	-$18.6B-185.9%	-$6.5B+29.1%	-$9.2B-133.8%	$27.1B
Dividends Paid	$4.9B+3.2%	$4.7B+4.6%	$4.5B+9.5%	$4.1B+10.8%	$3.7B+11.4%	$3.4B
Share Buybacks	$7.2B-46.3%	$13.3B+185.3%	$4.7B+774.9%	$534.0M+6.0%	$504.0M-90.5%	$5.3B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	N/A	N/A	N/A	$8.3B	N/A	N/A	N/A	$7.2B
Capital Expenditures	N/A	N/A	N/A	$2.3B	N/A	N/A	N/A	$2.7B
Free Cash Flow	N/A	N/A	N/A	$6.0B	N/A	N/A	N/A	$4.6B
Investing Cash Flow	N/A	N/A	N/A	-$3.0B	N/A	N/A	N/A	-$3.4B
Financing Cash Flow	N/A	N/A	N/A	-$4.1B	N/A	N/A	N/A	-$3.1B
Dividends Paid	N/A	N/A	N/A	$1.2B	N/A	N/A	N/A	$1.2B
Share Buybacks	N/A	N/A	N/A	$2.2B	N/A	N/A	N/A	$2.2B

CMCSA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	16.7%+5.2pp	11.6%-6.3pp	17.9%+1.0pp	16.9%-2.5pp	19.4%-0.7pp	20.1%
Net Margin	16.2%+11.8pp	4.4%-7.8pp	12.2%+2.0pp	10.2%-1.8pp	12.0%-0.4pp	12.4%
Return on Equity	20.6%+14.1pp	6.6%-7.9pp	14.5%+3.0pp	11.5%-4.1pp	15.6%-0.6pp	16.2%
Return on Assets	7.3%+5.3pp	2.1%-3.0pp	5.1%+1.3pp	3.9%-1.1pp	5.0%+0.3pp	4.7%
Current Ratio	0.88+0.1	0.78-0.1	0.85-0.1	0.93+0.1	0.84+0.0	0.79
Debt-to-Equity	0.96-0.2	1.14+0.2	0.95-0.1	1.10-0.1	1.17-0.3	1.48
FCF Margin	17.7%+4.7pp	13.0%-4.2pp	17.2%+2.1pp	15.0%+0.6pp	14.4%-0.9pp	15.4%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	10.8%-6.9pp	17.7%-2.0pp	19.8%+0.8pp	18.9%+4.6pp	14.3%-7.2pp	21.5%-0.5pp	22.0%+3.0pp	19.0%
Net Margin	6.7%-4.0pp	10.7%-26.0pp	36.7%+25.4pp	11.3%+0.9pp	10.4%-3.0pp	13.4%-0.5pp	13.9%+1.0pp	12.9%
Return on Equity	2.2%-1.2pp	3.4%-8.1pp	11.5%+7.6pp	3.9%-0.0pp	3.9%-1.0pp	4.9%-0.2pp	5.0%+0.4pp	4.6%
Return on Assets	0.8%-0.4pp	1.2%-2.8pp	4.1%+2.8pp	1.3%+0.0pp	1.2%-0.3pp	1.6%-0.1pp	1.6%+0.1pp	1.5%
Current Ratio	0.880.0	0.88-0.0	0.91+0.3	0.65+0.0	0.60-0.1	0.70-0.1	0.76+0.1	0.69
Debt-to-Equity	0.960.0	0.96-0.0	0.99-0.1	1.07-0.1	1.140.0	1.13+0.0	1.12-0.0	1.14
FCF Margin	N/A	N/A	N/A	20.2%	N/A	N/A	N/A	15.4%

Note: The current ratio is below 1.0 (0.88), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Financial Health Signals

Financial Profile 63/100

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Based on FY2025 annual data. Scores normalized against common benchmarks.

Altman Z-Score Distress

1.42

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Neutral

6/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

1.68x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage Adequate

4.7x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

Similar Companies

Verizon Comms VZ

$208.6B

America Movil Ad AMX

$71.9B

Chartr Cmunictns CHTR

$30.1B

Chunghwa Telecom CHT

$33.2B

BCE Inc BCE

$24.1B

Frequently Asked Questions

What is Comcast Corp's annual revenue?

Comcast Corp (CMCSA) reported $123.7B in total revenue for fiscal year 2025. This represents a 1.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Comcast Corp's revenue growing?

Comcast Corp (CMCSA) revenue grew by 1.9% year-over-year, from $121.4B to $123.7B in fiscal year 2025.

Is Comcast Corp profitable?

Yes, Comcast Corp (CMCSA) reported a net income of $20.0B in fiscal year 2025, with a net profit margin of 16.2%.

What is Comcast Corp's earnings per share (EPS)?

Comcast Corp (CMCSA) reported diluted earnings per share of $5.39 for fiscal year 2025. This represents a 345.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Comcast Corp's EBITDA?

Comcast Corp (CMCSA) had EBITDA of $36.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Comcast Corp have?

As of fiscal year 2025, Comcast Corp (CMCSA) had $9.5B in cash and equivalents against $93.0B in long-term debt.

What is Comcast Corp's operating margin?

Comcast Corp (CMCSA) had an operating margin of 16.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Comcast Corp's net profit margin?

Comcast Corp (CMCSA) had a net profit margin of 16.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Comcast Corp pay dividends?

Yes, Comcast Corp (CMCSA) paid $1.32 per share in dividends during fiscal year 2025.

What is Comcast Corp's return on equity (ROE)?

Comcast Corp (CMCSA) has a return on equity of 20.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Comcast Corp's free cash flow?

Comcast Corp (CMCSA) generated $21.9B in free cash flow during fiscal year 2025. This represents a 38.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Comcast Corp's operating cash flow?

Comcast Corp (CMCSA) generated $33.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Comcast Corp's total assets?

Comcast Corp (CMCSA) had $272.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Comcast Corp's capital expenditures?

Comcast Corp (CMCSA) invested $11.8B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Comcast Corp buy back shares?

Yes, Comcast Corp (CMCSA) spent $7.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Comcast Corp's current ratio?

Comcast Corp (CMCSA) had a current ratio of 0.88 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Comcast Corp's debt-to-equity ratio?

Comcast Corp (CMCSA) had a debt-to-equity ratio of 0.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Comcast Corp's return on assets (ROA)?

Comcast Corp (CMCSA) had a return on assets of 7.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Comcast Corp's Altman Z-Score?

Comcast Corp (CMCSA) has an Altman Z-Score of 1.42, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.

What is Comcast Corp's Piotroski F-Score?

Comcast Corp (CMCSA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Comcast Corp's earnings high quality?

Comcast Corp (CMCSA) has an earnings quality ratio of 1.68x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

Can Comcast Corp cover its interest payments?

Comcast Corp (CMCSA) has an interest coverage ratio of 4.7x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.

How financially healthy is Comcast Corp?

Comcast Corp (CMCSA) scores 63 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.