NASDAQ : CMCSA
Comcast Corporation — Financial statements
Communication Services · Telecom Services · United States
Last price 23.22 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 82.45B
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Financial statements
Comcast Corporation (CMCSA) reported revenue of 123.00B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 123.00B | 123.71B | 123.73B | 121.57B | 121.43B | 116.39B |
| Cost of Revenue | 37.09B | 34.95B | 37.03B | 36.76B | 38.21B | 38.45B |
| Gross Profit | 85.91B | 88.76B | 86.70B | 84.81B | 83.21B | 77.94B |
| Selling, General & Admin | 52.37B | 51.88B | 48.61B | 47.16B | 46.77B | 43.31B |
| Amortization of Goodwill & Intangibles | 5.94B | 6.88B | 6.07B | 5.48B | 5.10B | 5.18B |
| Operating Expenses | 67.81B | 68.09B | 63.41B | 61.50B | 60.59B | 57.12B |
| Operating Income | 18.10B | 20.67B | 23.30B | 23.31B | 22.62B | 20.82B |
| Interest Expense | -4.23B | -4.41B | -4.13B | -4.09B | -3.90B | -4.28B |
| Earnings From Equity Investments | -256.00M | -591.00M | -680.00M | 789.00M | -537.00M | 2.01B |
| Other Non Operating Income (Expenses) | 475.00M | 716.00M | 502.00M | 592.00M | -4.00M | 212.00M |
| EBT Excluding Unusual Items | 14.09B | 16.39B | 18.99B | 20.61B | 18.19B | 18.75B |
| Impairment of Goodwill | -8.10B | |||||
| Gain (Loss) on Sale of Investments | -137.00M | 9.38B | -313.00M | -130.00M | -320.00M | 339.00M |
| Asset Writedown | -483.00M | |||||
| Pretax Income | 13.95B | 25.77B | 18.67B | 20.48B | 9.28B | 19.09B |
| Income Tax Expense | 3.07B | 6.11B | 2.80B | 5.37B | 4.36B | 5.26B |
| Earnings From Continuing Operations | 10.88B | 19.66B | 15.88B | 15.11B | 4.92B | 13.83B |
| Minority Interest in Earnings | 438.00M | 338.00M | 315.00M | 282.00M | 445.00M | 325.00M |
| Net Income | 11.32B | 20.00B | 16.19B | 15.39B | 5.37B | 14.16B |
| Net Income to Common | 11.32B | 20.00B | 16.19B | 15.39B | 5.37B | 14.16B |
| Shares Outstanding (Basic) | 3.59B | 3.70B | 3.88B | 4.12B | 4.41B | 4.58B |
| Shares Outstanding (Diluted) | 3.60B | 3.71B | 3.91B | 4.15B | 4.43B | 4.65B |
| EPS (Basic) | 3.16 | 5.41 | 4.17 | 3.73 | 1.22 | 3.09 |
| EPS (Diluted) | 3.14 | 5.39 | 4.14 | 3.71 | 1.21 | 3.04 |
| Free Cash Flow | 19.66B | 21.88B | 15.38B | 16.12B | 15.46B | 19.00B |
| Free Cash Flow Per Share | 5.47 | 5.90 | 3.93 | 3.89 | 3.49 | 4.08 |
| Dividend Per Share | 1.32 | 1.32 | 1.24 | 1.16 | 1.08 | 1.00 |
| Gross Margin | 69.84% | 71.75% | 70.08% | 69.76% | 68.53% | 66.96% |
| Operating Margin | 14.72% | 16.71% | 18.83% | 19.18% | 18.63% | 17.89% |
| Profit Margin | 9.20% | 16.17% | 13.09% | 12.66% | 4.42% | 12.17% |
| Free Cash Flow Margin | 15.98% | 17.69% | 12.43% | 13.26% | 12.73% | 16.32% |
| EBITDA | 33.54B | 36.88B | 38.10B | 37.65B | 36.45B | 34.62B |
| EBITDA Margin | 27.27% | 29.81% | 30.79% | 30.97% | 30.01% | 29.75% |
| D&A For EBITDA | 15.44B | 16.21B | 14.80B | 14.34B | 13.82B | 13.80B |
| EBIT | 18.10B | 20.67B | 23.30B | 23.31B | 22.62B | 20.82B |
| EBIT Margin | 14.72% | 16.71% | 18.83% | 19.18% | 18.63% | 17.89% |
| Effective Tax Rate | 22.02% | 23.70% | 14.97% | 26.23% | 46.95% | 27.54% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.60B | 9.48B | 7.32B | 6.21B | 4.75B | 8.71B |
| Cash & Short-Term Investments | 7.60B | 9.48B | 7.32B | 6.21B | 4.75B | 8.71B |
| Accounts Receivable | 13.54B | 13.87B | 13.66B | 13.81B | 12.67B | 12.01B |
| Other Receivables | 2.00B | |||||
| Receivables | 13.54B | 13.87B | 15.66B | 13.81B | 12.67B | 12.01B |
| Restricted Cash | 56.00M | |||||
| Other Current Assets | 4.08B | 6.22B | 3.82B | 3.96B | 4.41B | 4.03B |
| Total Current Assets | 25.22B | 29.57B | 26.80B | 23.99B | 21.83B | 24.81B |
| Property, Plant & Equipment | 66.96B | 70.97B | 68.07B | 65.47B | 61.48B | 60.51B |
| Long-Term Investments | 7.86B | 7.95B | 8.65B | 8.52B | 7.25B | 8.08B |
| Goodwill | 53.24B | 61.50B | 58.21B | 59.27B | 58.49B | 70.19B |
| Other Intangible Assets | 78.44B | 81.84B | 84.96B | 87.23B | 88.67B | 92.94B |
| Long-Term Accounts Receivable | 1.64B | 1.40B | 1.23B | 1.22B | 1.02B | |
| Long-Term Deferred Charges | 1.35B | 1.18B | 1.09B | 1.08B | 1.09B | |
| Other Long-Term Assets | 24.41B | 18.06B | 17.11B | 18.02B | 17.45B | 18.27B |
| Total Assets | 257.77B | 272.63B | 266.21B | 264.81B | 257.27B | 275.90B |
| Accounts Payable | 11.93B | 11.06B | 11.32B | 12.44B | 12.54B | 12.46B |
| Accrued Expenses | 11.27B | 11.72B | 9.93B | 12.54B | 8.78B | 9.13B |
| Current Portion of Long-Term Debt | 3.56B | 5.96B | 4.91B | 2.07B | 1.74B | 2.13B |
| Current Portion of Leases | 686.00M | 751.00M | 748.00M | 675.00M | 766.00M | |
| Current Unearned Revenue | 3.96B | 4.10B | 12.67B | 12.41B | 2.38B | 3.04B |
| Other Current Liabilities | 1.00M | -1.00M | 1.77B | 1.82B | ||
| Total Current Liabilities | 30.72B | 33.52B | 39.58B | 40.20B | 27.89B | 29.35B |
| Long-Term Debt | 83.81B | 90.88B | 92.29B | 93.02B | 96.44B | 96.19B |
| Long-Term Leases | 7.51B | 7.47B | 7.84B | 7.91B | 8.17B | |
| Long-Term Unearned Revenue | 685.00M | 621.00M | 665.00M | 618.00M | 735.00M | 695.00M |
| Long-Term Deferred Tax Liabilities | 29.02B | 27.79B | 25.23B | 26.00B | 28.71B | 30.04B |
| Other Long-Term Liabilities | 20.87B | 14.93B | 14.71B | 13.67B | 13.55B | 13.45B |
| Total Liabilities | 165.10B | 175.25B | 179.94B | 181.34B | 175.24B | 177.90B |
| Common Stock | 45.00M | 45.00M | 47.00M | 48.00M | 51.00M | 54.00M |
| Additional Paid-In Capital | 38.03B | 37.71B | 38.10B | 38.53B | 39.41B | 40.17B |
| Retained Earnings | 62.54B | 66.67B | 56.97B | 52.89B | 51.61B | 61.90B |
| Treasury Stock | -7.52B | -7.52B | -7.52B | -7.52B | -7.52B | -7.52B |
| Comprehensive Income & Other | -570.00M | -9.00M | -2.04B | -1.25B | -2.61B | 1.48B |
| Total Common Equity | 92.53B | 96.90B | 85.56B | 82.70B | 80.94B | 96.09B |
| Minority Interest | 138.00M | 473.00M | 714.00M | 764.00M | 1.09B | 1.92B |
| Shareholders' Equity | 92.67B | 97.38B | 86.27B | 83.47B | 82.04B | 98.01B |
| Total Liabilities & Equity | 257.77B | 272.63B | 266.21B | 264.81B | 257.27B | 275.90B |
| Total Debt | 87.37B | 105.03B | 105.41B | 103.68B | 106.77B | 107.26B |
| Net Cash (Debt) | -79.77B | -95.55B | -98.09B | -97.46B | -102.02B | -98.55B |
| Net Cash Per Share | -22.18 | -25.76 | -25.10 | -23.50 | -23.03 | -21.17 |
| Filing Date Shares Outstanding | 3.55B | 3.60B | 3.78B | 3.97B | 4.22B | 4.53B |
| Total Common Shares Outstanding | 3.55B | 3.60B | 3.79B | 3.98B | 4.22B | 4.53B |
| Working Capital | -5.50B | -3.96B | -12.78B | -16.21B | -6.06B | -4.54B |
| Book Value Per Share | 26.07 | 26.89 | 22.59 | 20.79 | 19.18 | 21.20 |
| Tangible Book Value | -39.15B | -46.44B | -57.61B | -63.80B | -66.22B | -67.04B |
| Tangible Book Value Per Share | -11.03 | -12.88 | -15.21 | -16.03 | -15.69 | -14.79 |
| Land | 2.30B | 2.20B | 2.20B | 1.70B | 1.70B | |
| Buildings | 26.90B | 22.10B | 20.90B | 20.10B | 20.30B | |
| Machinery | 94.88B | 89.15B | 88.19B | 85.69B | 84.55B | |
| Construction In Progress | 2.40B | 8.60B | 7.10B | 4.90B | 3.10B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 11.32B | 20.00B | 16.19B | 15.39B | 5.37B | 14.16B |
| Depreciation & Amortization | 15.44B | 16.21B | 14.80B | 14.34B | 13.82B | 13.80B |
| Loss (Gain) From Sale of Assets | 422.00M | -8.85B | 1.09B | -768.00M | 1.18B | -1.31B |
| Asset Writedown & Restructuring Costs | 8.58B | |||||
| Stock-Based Compensation | 1.41B | 1.29B | 1.29B | 1.24B | 1.34B | 1.31B |
| Other Operating Activities | 949.00M | 2.82B | -754.00M | -2.70B | -970.00M | 2.05B |
| Change in Accounts Receivable | -1.85B | -135.00M | 136.00M | -996.00M | -1.33B | -1.33B |
| Change in Accounts Payable | 1.00B | -20.00M | -758.00M | -520.00M | 497.00M | 765.00M |
| Change in Other Net Operating Assets | 3.04B | 2.33B | -4.32B | 2.52B | -2.07B | -298.00M |
| Operating Cash Flow | 31.73B | 33.64B | 27.67B | 28.50B | 26.41B | 29.15B |
| Capital Expenditures | -12.07B | -11.76B | -12.30B | -12.38B | -10.96B | -10.15B |
| Cash Acquisitions | -27.00M | -1.31B | -119.00M | -1.37B | ||
| Divestitures | 154.00M | 670.00M | 771.00M | 661.00M | 1.99B | 684.00M |
| Sale (Purchase) of Intangibles | -2.58B | -2.66B | -2.95B | -3.30B | -3.14B | -2.88B |
| Investment in Securities | -744.00M | -1.30B | -1.08B | 7.30B | -2.27B | -174.00M |
| Other Investing Activities | 582.00M | 200.00M | 6.00M | 558.00M | 246.00M | 451.00M |
| Investing Cash Flow | -14.69B | -16.16B | -15.67B | -7.16B | -14.14B | -13.45B |
| Short-Term Debt Issued | 660.00M | |||||
| Long-Term Debt Issued | 3.49B | 6.27B | 6.05B | 2.75B | 2.63B | |
| Total Debt Issued | 2.99B | 3.49B | 6.27B | 6.05B | 3.40B | 2.63B |
| Short-Term Debt Repaid | -660.00M | |||||
| Long-Term Debt Repaid | -5.74B | -3.57B | -4.01B | -2.31B | -11.50B | |
| Total Debt Repaid | -11.78B | -5.74B | -3.57B | -4.67B | -2.31B | -11.50B |
| Net Debt Issued (Repaid) | -8.79B | -2.25B | 2.69B | 1.38B | 1.10B | -8.87B |
| Repurchase of Common Stock | -4.05B | -7.16B | -9.10B | -11.29B | -13.33B | -4.67B |
| Common Dividends Paid | -4.82B | -4.89B | -4.81B | -4.77B | -4.74B | -4.53B |
| Other Financing Activities | -1.09B | -51.00M | 339.00M | -5.17B | 787.00M | -544.00M |
| Financing Cash Flow | -18.75B | -14.35B | -10.88B | -19.85B | -16.18B | -18.62B |
| Foreign Exchange Rate Adjustments | 13.00M | 42.00M | -26.00M | 9.00M | -86.00M | -71.00M |
| Miscellaneous Cash Flow Adjustments | -2.00M | 1.00M | 1.00M | -1.00M | ||
| Net Cash Flow | -1.70B | 3.18B | 1.09B | 1.50B | -4.00B | -2.99B |
| Free Cash Flow | 19.66B | 21.88B | 15.38B | 16.12B | 15.46B | 19.00B |
| Free Cash Flow Margin | 15.98% | 17.69% | 12.43% | 13.26% | 12.73% | 16.32% |
| Free Cash Flow Per Share | 5.47 | 5.90 | 3.93 | 3.89 | 3.49 | 4.08 |
| Levered Free Cash Flow | 13.08B | 5.59B | 7.66B | 23.13B | 10.80B | 12.84B |
| Unlevered Free Cash Flow | 15.72B | 8.35B | 10.24B | 25.69B | 13.24B | 15.52B |
| Cash Interest Paid | 3.83B | 3.87B | 3.66B | 3.71B | 3.41B | 3.91B |
| Cash Income Tax Paid | 755.00M | 7.10B | 5.11B | 5.26B | 2.63B | |
| Change in Working Capital | 2.19B | 2.18B | -4.94B | 1.01B | -2.90B | -868.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 84.76B | 108.92B | 143.61B | 176.50B | 151.19B | 229.95B |
| Enterprise Value | 164.53B | 199.21B | 236.93B | 273.34B | 244.16B | 322.58B |
| Last Close Price | 23.22 | 26.58 | 32.16 | 36.48 | 28.26 | 39.62 |
| PE Ratio | 7.61 | 5.45 | 8.87 | 11.47 | 28.15 | 16.24 |
| Forward PE | 7.00 | 7.45 | 8.71 | 10.74 | 9.45 | 14.36 |
| PS Ratio | 0.68 | 0.88 | 1.16 | 1.45 | 1.25 | 1.98 |
| PB Ratio | 0.89 | 1.12 | 1.67 | 2.12 | 1.84 | 2.35 |
| P/FCF Ratio | 4.28 | 4.98 | 9.34 | 10.95 | 9.78 | 12.11 |
| P/OCF Ratio | 2.65 | 3.24 | 5.19 | 6.19 | 5.72 | 7.89 |
| PEG Ratio | 3.06 | 1.19 | 0.99 | 0.81 | 0.81 | |
| EV/Sales Ratio | 1.33 | 1.61 | 1.92 | 2.25 | 2.01 | 2.77 |
| EV/EBITDA Ratio | 4.88 | 5.40 | 6.22 | 7.26 | 6.70 | 9.32 |
| EV/EBIT Ratio | 9.05 | 9.64 | 10.17 | 11.72 | 10.79 | 15.50 |
| EV/FCF Ratio | 8.33 | 9.10 | 15.41 | 16.95 | 15.80 | 16.98 |
| Debt / Equity Ratio | 0.94 | 1.08 | 1.22 | 1.24 | 1.30 | 1.09 |
| Debt / EBITDA Ratio | 2.51 | 2.76 | 2.68 | 2.67 | 2.84 | 2.99 |
| Debt / FCF Ratio | 4.44 | 4.80 | 6.86 | 6.43 | 6.91 | 5.65 |
| Net Debt / Equity Ratio | 0.86 | 0.98 | 1.14 | 1.17 | 1.24 | 1.00 |
| Net Debt / EBITDA Ratio | 2.38 | 2.59 | 2.58 | 2.59 | 2.80 | 2.85 |
| Net Debt / FCF Ratio | 4.06 | 4.37 | 6.38 | 6.04 | 6.60 | 5.19 |
| Asset Turnover | 0.46 | 0.46 | 0.47 | 0.47 | 0.46 | 0.42 |
| Quick Ratio | 0.69 | 0.70 | 0.58 | 0.50 | 0.62 | 0.71 |
| Current Ratio | 0.82 | 0.88 | 0.68 | 0.60 | 0.78 | 0.84 |
| Return on Equity (ROE) | 11.43% | 21.41% | 18.71% | 18.25% | 5.47% | 14.48% |
| Return on Assets (ROA) | 4.26% | 4.79% | 5.48% | 5.58% | 5.30% | 4.73% |
| Return on Invested Capital (ROIC) | 8.18% | 8.36% | 10.85% | 9.42% | 6.31% | 7.71% |
| Return on Capital Employed (ROCE) | 8.00% | 8.60% | 10.30% | 10.40% | 9.90% | 8.40% |
| Earnings Yield | 13.14% | 18.36% | 11.28% | 8.72% | 3.55% | 6.16% |
| FCF Yield | 23.38% | 20.09% | 10.71% | 9.13% | 10.22% | 8.26% |
| Dividend Yield | 5.53% | 4.37% | 3.27% | 2.61% | 3.02% | 1.97% |
| Payout Ratio | 42.07% | 24.47% | 29.73% | 30.97% | 88.29% | 32.01% |
| Buyback Yield / Dilution | 4.35% | 5.09% | 5.79% | 6.37% | 4.81% | -0.65% |
| Total Shareholder Return | 9.93% | 9.46% | 9.06% | 8.98% | 7.83% | 1.32% |