COVERAGE / CMCSA / Communication Services

COMCAST CORP

Cable & Other Pay Television Services

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$123.71bn

Prior / $123.73bn

Change / -0.02%

SOURCE / 2026-02-03

Operating income

$20.67bn

Prior / $23.3bn

Change / -11.27%

SOURCE / 2026-02-03

Net income

$20bn

Prior / $16.19bn

Change / +23.51%

SOURCE / 2026-02-03

Diluted EPS

$5.39

Prior / $4.14

Change / +30.19%

SOURCE / 2026-02-03

Free cash flow

$21.89bn

Prior / $15.49bn

Change / +41.32%

SOURCE / 2026-02-03

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

16.71%

Prior / 18.83%

Change / -2.12 pp

SOURCE / 2026-02-03

Return on avg. equity

21.92%

Prior / 19.25%

Change / +2.67 pp

SOURCE / 2026-02-03

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 123707000000,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 19998000000,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 20672000000,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 5.39,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 33643000000,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 11750000000,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 272631000000,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 96903000000,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 29567000000,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 33524000000,
    "accn": "0001628280-26-004994",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$123.71bn	$20bn	$21.89bn	$5.39
2024-12-31	$123.73bn	$16.19bn	$15.49bn	$4.14
2023-12-31	$121.57bn	$15.39bn	$16.26bn	$3.71
2022-12-31	$121.43bn	$5.37bn	$15.79bn	$1.21

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	4.25x	Unavailable	16.25x	8
P/S	Unavailable	Unavailable	1.93x	3
P/B	Unavailable	Unavailable	6.72x	2
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	4.28%	2

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 22.91,
  "tradingDate": "2026-09-17",
  "marketCap": null,
  "source": "Yahoo Finance completed daily-bar snapshot; not live"
}

Company & operating context

COMCAST CORP is an SEC-reporting issuer listed on NASDAQ under CMCSA. Its SEC industry description is Cable & Other Pay Television Services. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Advertising, subscriptions and connectivity produce very different revenue and cash-flow models.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-03PERIOD / 2025-12-31

Annual-disclosure reading guide for CMCSA: Advertising exposure, subscription economics, network investment and cash conversion. Filing metadata only; this note is not a substantive review of the full document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0037CMCSACompany Research

CMCSA: reading the FY2025 financial structure ↗

COMCAST CORP

Research abstract

Annual revenue of USD 123.707 billion and net income of USD 19.998 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Audience migration, content costs, competition, capital intensity and privacy regulation.

Advertising exposure, subscription economics, network investment and cash conversion.

COMMUNICATION SERVICES SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-03
SEC annual filing · 2024-12-31 ↗Source date 2026-02-03
SEC annual filing · 2023-12-31 ↗Source date 2026-02-03
SEC annual filing · 2022-12-31 ↗Source date 2025-01-31
SEC issuer record ↗Source date 2026-09-18