Overview
COMCAST CORP
Latest 10-K: FY2025, filed Feb 3, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $123.71B
- 0.0%YoYunchanged from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Operating income
- $20.67B
- 11.3%YoYdown from FY2024
- OperatingIncome
- Net income
- $20.00B
- 23.5%YoYup from FY2024
- NetIncome
- Diluted EPS
- $5.39
- 30.2%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 3.71B
- 5.1%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- COMCAST CORP reported revenue of $123.71B for fiscal 2025, down 0.0% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 0 of the last 5 fiscal years.
Profitability
- Operating margin was 16.7% and net margin was 16.2%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $5.39, up 30.2% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $123.71B0.0%unchanged Benchmark median 6.4% | $123.73B1.8%up Benchmark median 4.5% | $121.57B0.1%up Benchmark median 4.8% | $121.43B4.3%up Benchmark median 10.3% | $116.39B12.4%up Benchmark median 13.8% | 1.5% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $20.67B11.3%down Benchmark median 7.3% | $23.30B0.1%down Benchmark median 7.4% | $23.31B66.0%up Benchmark median 4.9% | $14.04B32.6%down Benchmark median 7.5% | $20.82B19.0%up Benchmark median 23.5% | -0.2% Benchmark median 7.2% |
| Net Income | $20.00B23.5%up Benchmark median 4.8% | $16.19B5.2%up Benchmark median 5.7% | $15.39B186.6%up Benchmark median 1.9% | $5.37B62.1%down Benchmark median 1.3% | $14.16B34.4%up Benchmark median 33.9% | 9.0% Benchmark median 4.1% |
| EPS (Diluted) | $5.3930.2%up Benchmark median 6.2% | $4.1411.6%up Benchmark median 7.9% | $3.71206.6%up Benchmark median 1.9% | $1.2160.2%down Benchmark median 1.5% | $3.0433.3%up Benchmark median 34.8% | 15.4% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $272.63B2.4%up Benchmark median 5.6% | $266.21B0.5%up Benchmark median 3.4% | $264.81B2.9%up Benchmark median 4.1% | $257.27B6.8%down Benchmark median 2.2% | $275.90B0.7%up Benchmark median 6.7% | -0.3% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — Benchmark median 4.4% |
| Stockholders' Equity | $97.15B12.9%up Benchmark median 6.8% | $86.04B3.4%up Benchmark median 5.4% | $83.23B2.0%up Benchmark median 7.3% | $81.63B16.3%down Benchmark median 2.5% | $97.49B6.3%up Benchmark median 9.0% | -0.1% Benchmark median 6.1% |
| Cash & Equivalents | $9.48B29.5%up Benchmark median 5.2% | $7.32B17.8%up Benchmark median 1.9% | $6.21B30.9%up Benchmark median 6.7% | $4.75B45.5%down Benchmark median -8.6% | $8.71B25.8%down Benchmark median -2.9% | 2.1% Benchmark median 2.0% |
| Total Debt | $98.90B0.2%down Benchmark median 2.1% | $99.10B2.1%up Benchmark median 0.2% | $97.10B2.4%up Benchmark median 0.3% | $94.80B0.0%unchanged Benchmark median 0.1% | $94.80B8.6%down Benchmark median -0.1% | 1.1% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.64B21.6%up Benchmark median 6.3% | $27.67B2.9%down Benchmark median 4.8% | $28.50B7.9%up Benchmark median 9.9% | $26.41B9.4%down Benchmark median -0.7% | $29.15B17.8%up Benchmark median 10.7% | 3.7% Benchmark median 7.0% |
| Capital Expenditures | $11.75B3.5%down Benchmark median 5.4% | $12.18B0.5%down Benchmark median 2.8% | $12.24B15.2%up Benchmark median 11.3% | $10.63B15.8%up Benchmark median 14.0% | $9.17B0.1%down Benchmark median 8.1% | 6.4% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $21.89B41.3%up Benchmark median 7.3% | $15.49B4.7%down Benchmark median 6.1% | $16.26B3.0%up Benchmark median 8.8% | $15.79B21.0%down Benchmark median -11.3% | $19.97B28.4%up Benchmark median 10.2% | 2.3% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
18.0%
Wall Street
on net earnings
FY2024 11.0%
19.7%
Value investor
on free cash flow
FY2024 10.6%
Gap +1.7 pts: Value-investor figure 1.7 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 5.5×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
18.4%
Wall Street
on EBITDA
FY2024 16.0%
10.3%
Value investor
on EBIT
FY2024 9.8%
Gap −8.1 pts: Value-investor figure 8.1 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 5.4×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
87.6%
Wall Street
on book equity
FY2024 58.7%
32.2%
Value investor
on tangible book
FY2024 19.0%
Gap −55.4 pts: Value-investor figure 55.4 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 1.1×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
21.8%
Wall Street
ROE: net income ÷ equity
FY2024 19.1%
6.8%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 9.0%
Gap −15.0 pts: Value-investor figure 15.0 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
29.8%
Wall Street
EBITDA margin
FY2024 30.8%
17.7%
Value investor
Free-cash-flow margin
FY2024 12.5%
Gap −12.1 pts: Value-investor figure 12.1 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
0.88×
Wall Street
Current ratio
FY2024 0.68×
0.88×
Value investor
Quick ratio, inventory excluded
FY2024 0.68×
Gap Same: Both views read the same
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.37×
Wall Street
EBITDA ÷ total debt
FY2024 0.38×
0.22×
Value investor
FCF ÷ total debt
FY2024 0.16×
Gap −0.15×: Value-investor figure 0.15 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 2.42×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
8.4×
Wall Street
EBITDA ÷ interest
FY2024 9.2×
4.7×
Value investor
EBIT ÷ interest
FY2024 5.6×
Gap −3.7×: Value-investor figure 3.7 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on CMCSA yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on CMCSA and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/CMCSA
Valuein. (2026, October 30). COMCAST CORP (CMCSA) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/CMCSA
@misc{valuein_cmcsa_2026,
author = {{Valuein}},
title = {COMCAST CORP (CMCSA) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/CMCSA}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 3, 2026 · accession 0001628280-26-004994
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point-in-time · survivorship-free · every number traceable to its SEC filing
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