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Comcast (CCZ) Financials

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$61.34 +2.34 (+3.97%)
Closing price 08/8/2025 02:10 PM Eastern
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$61.34 0.00 (0.00%)
As of 08/8/2025 04:04 PM Eastern
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Annual Income Statements for Comcast

Annual Income Statements for Comcast

This table shows Comcast's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
8,380 8,163 8,678 22,735 11,731 13,057 10,534 14,159 5,370 15,388 16,192
Consolidated Net Income / (Loss)
8,592 8,413 9,028 22,922 11,862 13,323 10,701 13,833 4,925 15,107 15,877
Net Income / (Loss) Continuing Operations
8,592 8,413 9,028 22,922 11,862 13,323 10,701 13,834 4,925 15,107 15,877
Total Pre-Tax Income
12,465 13,372 14,326 15,353 15,242 16,996 14,065 19,093 9,284 20,478 18,673
Total Operating Income
14,904 15,998 16,831 18,018 19,009 21,125 17,493 20,817 14,041 23,314 23,297
Total Gross Profit
47,863 51,960 56,388 59,674 64,815 74,502 70,443 77,935 83,214 84,810 86,705
Total Revenue
68,775 74,510 80,736 85,029 94,507 108,942 103,564 116,385 121,427 121,572 123,731
Operating Revenue
68,775 74,510 80,736 85,029 94,507 108,942 103,564 116,385 121,427 121,572 123,731
Total Cost of Revenue
20,912 22,550 24,348 25,355 29,692 34,440 33,121 38,450 38,213 36,762 37,026
Operating Cost of Revenue
20,912 22,550 24,348 25,355 29,692 34,440 33,121 38,450 38,213 36,762 37,026
Total Operating Expenses
32,959 35,962 39,557 41,656 45,806 53,377 52,950 57,118 69,173 61,497 63,407
Selling, General & Admin Expense
19,839 21,325 23,840 25,449 28,094 32,807 33,109 35,619 38,263 39,190 40,533
Marketing Expense
5,101 5,957 6,291 6,519 7,036 7,617 6,741 7,695 8,506 7,971 8,073
Depreciation Expense
6,337 6,781 7,464 7,914 8,281 8,663 8,320 8,628 8,724 8,854 8,729
Amortization Expense
1,682 1,899 1,962 2,216 2,736 4,290 4,780 5,176 5,097 5,482 6,072
Impairment Charge
- - - - - - 0.00 0.00 8,583 0.00 0.00
Total Other Income / (Expense), net
-2,439 -2,626 -2,505 -2,665 -3,767 -4,129 -3,428 -1,724 -4,757 -2,835 -4,624
Interest Expense
2,617 2,702 2,942 3,086 3,542 4,567 4,588 4,281 3,896 4,087 4,134
Other Income / (Expense), net
-118 -5.00 437 421 -225 438 1,160 2,557 -861 1,252 -490
Income Tax Expense
3,873 4,959 5,298 -7,569 3,380 3,673 3,364 5,259 4,359 5,371 2,796
Net Income / (Loss) Attributable to Noncontrolling Interest
212 250 350 187 131 266 167 -325 -445 -282 -315
Basic Earnings per Share
$3.24 $1.64 $1.80 $4.83 $2.56 $2.87 $2.30 $3.09 $1.22 $3.73 $4.17
Weighted Average Basic Shares Outstanding
2.54B 2.44B 4.82B 4.71B 4.58B 4.55B 4.58B 4.53B 4.22B 3.97B 3.78B
Diluted Earnings per Share
$3.20 $1.62 $1.78 $4.75 $2.53 $2.83 $2.28 $3.04 $1.21 $3.71 $4.14
Weighted Average Diluted Shares Outstanding
2.54B 2.44B 4.82B 4.71B 4.58B 4.55B 4.58B 4.53B 4.22B 3.97B 3.78B
Weighted Average Basic & Diluted Shares Outstanding
2.54B 2.44B 4.82B 4.71B 4.58B 4.55B 4.58B 4.53B 4.22B 3.97B 3.78B
Cash Dividends to Common per Share
$0.90 $0.50 $0.55 $0.63 $0.76 $0.84 $0.92 $1.00 $1.08 $1.16 $1.24

Quarterly Income Statements for Comcast

This table shows Comcast's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
3,023 3,834 4,248 4,046 3,260 3,857 3,929 3,629 4,777 3,375 11,123
Consolidated Net Income / (Loss)
2,873 3,767 4,189 3,997 3,154 3,777 3,839 3,576 4,685 3,296 11,044
Net Income / (Loss) Continuing Operations
2,874 3,767 4,189 3,997 3,154 3,777 3,839 3,576 4,685 3,296 11,044
Total Pre-Tax Income
3,670 5,243 5,726 5,465 4,044 5,105 5,175 4,819 3,574 4,492 14,647
Total Operating Income
4,529 5,646 6,709 6,475 4,484 5,810 6,635 5,859 4,993 5,658 5,992
Total Gross Profit
20,745 20,687 21,664 21,463 20,996 21,235 21,727 21,854 21,889 21,472 22,737
Total Revenue
30,552 29,691 30,513 30,115 31,253 30,058 29,688 32,070 31,915 29,887 30,313
Operating Revenue
30,552 29,691 30,513 30,115 31,253 30,058 29,688 32,070 31,915 29,887 30,313
Total Cost of Revenue
9,807 9,004 8,849 8,652 10,257 8,823 7,961 10,216 10,026 8,415 7,576
Operating Cost of Revenue
9,807 9,004 8,849 8,652 10,257 8,823 7,961 10,216 10,026 8,415 7,576
Total Operating Expenses
16,215 15,041 14,955 14,988 16,513 15,426 15,092 15,995 16,894 15,813 16,744
Selling, General & Admin Expense
10,561 9,301 9,317 9,629 10,943 9,857 9,630 10,128 10,918 9,893 10,422
Marketing Expense
2,182 1,963 2,100 1,866 2,042 2,018 1,922 1,989 2,144 2,071 2,168
Depreciation Expense
2,199 2,264 2,195 2,203 2,192 2,175 2,153 2,219 2,182 2,231 2,349
Amortization Expense
1,273 1,513 1,343 1,290 1,336 1,376 1,387 1,659 1,650 1,618 1,805
Total Other Income / (Expense), net
-861 -403 -983 -1,010 -439 -704 -1,460 -1,040 -1,420 -1,166 8,655
Interest Expense
975 1,010 998 1,060 1,019 1,002 1,026 1,037 1,069 1,050 1,105
Other Income / (Expense), net
114 607 15 50 580 298 -434 -3.00 -351 -116 9,760
Income Tax Expense
796 1,476 1,537 1,468 890 1,328 1,336 1,243 -1,111 1,196 3,603
Net Income / (Loss) Attributable to Noncontrolling Interest
-149 -67 -59 -49 -107 -79 -89 -53 -94 -79 -79
Basic Earnings per Share
$0.72 $0.91 $1.02 $0.98 $0.82 $0.97 $1.01 $0.94 $1.25 $0.90 $2.99
Weighted Average Basic Shares Outstanding
4.22B 4.17B 4.13B 4.03B 3.97B 3.92B 3.87B 3.83B 3.78B 3.73B 3.69B
Diluted Earnings per Share
$0.72 $0.91 $1.02 $0.98 $0.80 $0.97 $1.00 $0.94 $1.23 $0.89 $2.98
Weighted Average Diluted Shares Outstanding
4.22B 4.17B 4.13B 4.03B 3.97B 3.92B 3.87B 3.83B 3.78B 3.73B 3.69B
Weighted Average Basic & Diluted Shares Outstanding
4.22B 4.17B 4.13B 4.03B 3.97B 3.92B 3.87B 3.83B 3.78B 3.73B 3.69B
Cash Dividends to Common per Share
$0.27 $0.29 $0.29 $0.29 $0.29 $0.31 $0.31 $0.31 $0.31 $0.33 $0.33

Annual Cash Flow Statements for Comcast

This table details how cash moves in and out of Comcast's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
2,192 -1,615 1,559 156 583 1,680 6,179 -2,989 -3,997 1,500 1,095
Net Cash From Operating Activities
16,945 19,485 24,588 21,261 24,297 25,697 24,737 29,146 26,413 28,501 27,673
Net Cash From Continuing Operating Activities
16,945 19,485 24,588 21,261 24,297 25,697 24,737 29,147 26,413 28,501 27,674
Net Income / (Loss) Continuing Operations
8,592 8,413 13,510 22,922 11,862 13,323 10,701 13,833 4,925 15,107 15,877
Consolidated Net Income / (Loss)
8,592 8,413 13,510 22,922 11,862 13,323 10,701 13,833 4,925 15,107 15,877
Depreciation Expense
8,019 8,680 11,231 9,688 10,676 12,953 13,100 13,804 13,821 14,336 14,802
Non-Cash Adjustments To Reconcile Net Income
142 648 976 632 1,371 1,418 920 486 11,405 789 2,840
Changes in Operating Assets and Liabilities, net
192 1,744 -1,129 -11,981 388 -1,997 16 1,024 -3,738 -1,731 -5,845
Net Cash From Investing Activities
-8,733 -11,964 -20,498 -13,533 -50,854 -14,841 -12,047 -13,446 -14,140 -7,161 -15,670
Net Cash From Continuing Investing Activities
-8,733 -11,964 -20,498 -13,533 -50,854 -14,841 -12,047 -13,446 -14,140 -7,161 -15,670
Purchase of Property, Plant & Equipment
-7,420 -8,499 -10,587 -9,550 -9,774 -9,953 -9,179 -9,174 -10,626 -12,242 -12,181
Acquisitions
-1,642 -3,334 -6,397 -2,555 -40,154 -2,845 -2,688 -4,257 -3,141 -3,298 -2,949
Purchase of Investments
-191 -784 -1,987 -2,292 -1,257 -1,899 -812 -174 -2,274 -1,313 -1,082
Divestitures
666 433 327 150 141 886 2,339 684 1,985 661 771
Other Investing Activities, net
-146 220 -1,854 714 190 -1,030 -1,707 -525 -84 9,031 -229
Net Cash From Financing Activities
-6,020 -9,136 -2,531 -7,572 27,140 -9,181 -6,513 -18,618 -16,184 -19,850 -10,883
Net Cash From Continuing Financing Activities
-6,020 -9,136 -1,643 -7,572 27,140 -9,181 -6,513 -18,618 -16,185 -19,850 -10,883
Repayment of Debt
-3,512 -4,243 -2,691 -8,269 -9,348 -15,596 -20,483 -12,042 -861 -9,845 -3,234
Repurchase of Common Equity
-4,251 -7,175 -5,352 -5,435 -5,320 -504 -534 -4,672 -13,328 -11,291 -9,103
Payment of Dividends
-2,474 -2,669 -2,854 -5,434 -3,352 -3,735 -4,140 -4,532 -4,741 -4,766 -4,814
Issuance of Debt
4,182 5,486 9,231 11,566 45,160 5,479 18,644 2,628 2,745 6,052 6,268
Effect of Exchange Rate Changes
- - 0.00 - - 5.00 2.00 -71 -86 9.00 -26

Quarterly Cash Flow Statements for Comcast

This table details how cash moves in and out of Comcast's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
-948 796 1,624 -713 -207 304 -445 2,737 -1,501 1,275 1,096
Net Cash From Operating Activities
5,883 7,228 7,198 8,153 5,922 7,848 4,724 7,021 8,080 8,294 7,815
Net Cash From Continuing Operating Activities
5,882 7,228 7,199 8,152 5,922 7,847 4,725 7,022 8,080 8,295 7,813
Net Income / (Loss) Continuing Operations
2,873 3,767 4,190 3,997 3,153 3,777 3,839 3,576 4,685 3,296 11,044
Consolidated Net Income / (Loss)
2,873 3,767 4,190 3,997 3,153 3,777 3,839 3,576 4,685 3,296 11,044
Depreciation Expense
3,472 3,777 3,538 3,492 3,529 3,551 3,540 3,878 3,833 3,849 4,154
Non-Cash Adjustments To Reconcile Net Income
427 -80 534 470 -135 312 986 636 906 743 -9,177
Changes in Operating Assets and Liabilities, net
-890 -236 -1,063 193 -625 207 -3,640 -1,068 -1,344 407 1,792
Net Cash From Investing Activities
-3,982 -3,370 -4,158 -4,190 4,557 -3,511 -3,368 -3,680 -5,111 -2,958 -4,945
Net Cash From Continuing Investing Activities
-3,982 -3,370 -4,156 -4,192 4,557 -3,512 -3,368 -3,678 -5,112 -2,959 -4,944
Purchase of Property, Plant & Equipment
-3,564 -2,664 -2,963 -3,295 -3,320 -2,630 -2,724 -2,913 -3,914 -2,252 -2,678
Acquisitions
-989 -765 -812 -828 -893 -679 -662 -702 -906 -622 -1,914
Purchase of Investments
-185 -149 -444 -356 -364 -404 -302 -228 -148 -145 -987
Divestitures
788 343 26 41 251 274 283 132 82 43 616
Other Investing Activities, net
-32 -135 37 246 8,883 -73 37 33 -226 17 19
Net Cash From Financing Activities
-2,885 -3,082 -1,410 -4,644 -10,714 -4,023 -1,794 -642 -4,424 -4,075 -1,806
Net Cash From Continuing Financing Activities
-2,885 -3,082 -1,409 -4,646 -10,713 -4,023 -1,795 -641 -4,424 -4,076 -1,805
Repayment of Debt
-779 -791 -3,130 94 -6,018 -192 -1,544 -447 -1,051 -612 -1,235
Repurchase of Common Equity
-3,515 -2,176 -2,051 -3,543 -3,521 -2,664 -2,266 -1,990 -2,183 -2,240 -1,826
Payment of Dividends
-1,170 -1,174 -1,213 -1,199 -1,180 -1,193 -1,225 -1,206 -1,190 -1,224 -1,238
Issuance of Debt
2,579 1,059 4,985 2.00 6.00 26 3,240 3,002 - 0.00 2,494
Effect of Exchange Rate Changes
36 20 -6.00 -32 27 -10 -7.00 38 -47 14 32

Annual Balance Sheets for Comcast

This table presents Comcast's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
107,899 166,574 114,663 115,967 251,684 263,414 273,869 275,905 257,275 264,811 266,211
Total Current Assets
602 12,303 1,772 0.00 21,848 25,392 26,741 24,807 21,826 23,987 26,801
Cash & Equivalents
- 2,295 - - 3,814 5,500 11,740 8,711 4,749 6,215 7,322
Accounts Receivable
- 6,896 - - 11,104 11,292 11,466 12,008 12,672 13,813 13,661
Other Current Assets
- 1,899 1,772 - 3,184 4,723 3,535 4,088 4,406 3,959 5,817
Plant, Property, & Equipment, net
30,953 33,665 36,253 38,470 44,437 48,322 51,995 54,047 55,485 59,686 62,548
Total Noncurrent Assets
76,344 114,751 76,638 77,497 185,399 189,700 195,133 197,051 179,964 181,138 176,862
Long-Term Investments
- 3,224 - - 7,883 7,683 7,820 8,082 7,740 9,385 8,647
Goodwill
- 32,945 - - 66,154 68,725 70,669 70,189 58,494 59,268 58,209
Intangible Assets
76,344 76,310 76,638 77,497 105,560 104,426 94,754 92,945 101,233 87,232 97,505
Other Noncurrent Operating Assets
- 2,272 - - 5,802 8,866 21,890 25,835 12,497 25,253 12,501
Total Liabilities & Shareholders' Equity
96,846 166,574 101,953 80,431 251,684 263,414 273,869 275,905 257,275 264,811 266,211
Total Liabilities
43,778 111,375 45,779 10,972 177,866 178,168 180,851 177,897 175,236 181,344 179,936
Total Current Liabilities
0.00 18,178 0.00 0.00 27,603 30,292 28,796 29,348 27,887 40,198 39,581
Short-Term Debt
- 3,627 - - 4,398 4,452 3,146 2,132 1,743 2,069 4,907
Accounts Payable
- 6,215 - - 8,494 10,826 11,364 12,455 12,544 12,437 11,321
Accrued Expenses
- 7,034 - - 12,529 12,246 11,323 11,721 11,220 13,284 10,679
Current Deferred Revenue
- 1,302 - - 2,182 2,768 2,963 3,040 2,380 3,242 3,507
Other Current Liabilities
- - - - 0.00 - - - 0.00 9,167 9,167
Total Noncurrent Liabilities
43,778 93,197 45,779 10,972 150,263 147,876 152,055 148,549 147,349 141,146 140,355
Long-Term Debt
- 48,994 - - 107,345 97,765 100,614 92,718 93,068 95,021 94,186
Noncurrent Deferred & Payable Income Tax Liabilities
32,959 33,566 34,854 - 27,589 28,180 28,051 30,041 28,714 26,003 25,227
Other Noncurrent Operating Liabilities
10,819 10,637 10,925 10,972 15,329 21,931 23,390 25,790 25,567 20,122 20,942
Commitments & Contingencies
0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
- 1,221 - - 1,316 1,372 1,280 519 411 241 237
Total Equity & Noncontrolling Interests
53,068 53,978 56,174 69,459 72,502 83,874 91,738 97,490 81,627 83,226 86,038
Total Preferred & Common Equity
52,711 52,269 53,943 68,616 71,613 82,726 90,323 96,092 80,943 82,703 85,560
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
52,827 52,269 53,789 68,182 71,613 82,726 90,269 96,092 80,944 82,655 85,561
Common Stock
38,805 38,547 38,230 37,497 37,515 38,501 39,464 40,227 39,463 38,533 38,149
Retained Earnings
21,539 21,413 23,076 38,202 41,983 50,695 56,438 61,902 51,609 52,892 56,972
Treasury Stock
-7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517
Accumulated Other Comprehensive Income / (Loss)
- -174 - - -368 1,047 1,884 1,480 -2,611 -1,253 -2,043
Noncontrolling Interest
357 1,709 2,231 843 889 1,148 1,415 1,398 684 523 477

Quarterly Balance Sheets for Comcast

This table presents Comcast's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets
257,275 259,429 262,147 261,072 264,811 263,601 262,555 269,871 266,211 267,770 273,850
Total Current Assets
21,826 22,377 24,922 24,141 23,987 23,978 23,452 27,186 26,801 27,314 29,036
Cash & Equivalents
4,749 5,535 7,146 6,435 6,215 6,515 6,065 8,814 7,322 8,593 9,687
Accounts Receivable
12,672 12,287 12,980 12,835 13,813 13,144 13,167 14,036 13,661 12,881 13,040
Other Current Assets
4,406 4,555 4,796 4,870 3,959 4,319 4,220 4,336 5,817 5,840 6,309
Plant, Property, & Equipment, net
55,485 56,279 56,851 58,165 59,686 59,918 60,507 61,775 62,548 63,292 64,025
Total Noncurrent Assets
179,964 180,774 180,373 178,767 181,138 179,705 178,596 180,911 176,862 177,164 180,789
Long-Term Investments
7,740 7,834 7,761 8,041 9,385 9,548 9,171 9,021 8,647 8,524 8,463
Goodwill
58,494 58,960 59,042 58,069 59,268 58,668 58,376 60,076 58,209 59,094 61,812
Intangible Assets
101,233 88,369 100,767 87,235 87,232 99,185 98,581 99,128 97,505 97,082 83,977
Other Noncurrent Operating Assets
12,497 25,611 12,803 25,422 25,253 12,304 12,468 12,686 12,501 12,464 26,537
Total Liabilities & Shareholders' Equity
257,275 259,429 262,147 261,072 264,811 263,601 262,555 269,871 266,211 267,770 273,850
Total Liabilities
175,236 175,975 177,229 177,679 181,344 180,308 178,615 183,329 179,936 180,470 176,392
Total Current Liabilities
27,887 32,415 32,925 34,468 40,198 40,324 35,342 37,786 39,581 42,325 31,792
Short-Term Debt
1,743 1,130 2,524 2,978 2,069 2,502 1,021 2,610 4,907 6,848 5,720
Accounts Payable
12,544 12,159 12,213 12,214 12,437 11,792 11,736 11,779 11,321 11,545 11,826
Accrued Expenses
11,220 11,289 9,688 10,536 13,284 13,417 9,475 10,453 10,679 11,000 10,215
Current Deferred Revenue
2,380 2,663 3,327 3,566 3,242 3,446 3,943 3,778 3,507 3,766 4,031
Other Current Liabilities
0.00 5,173 5,173 5,174 9,167 9,167 9,167 9,167 9,167 9,167 0.00
Total Noncurrent Liabilities
147,349 143,560 144,304 143,211 141,146 139,984 143,273 145,543 140,355 138,145 144,600
Long-Term Debt
93,068 94,403 94,972 94,351 95,021 94,071 97,107 98,754 94,186 92,274 95,808
Noncurrent Deferred & Payable Income Tax Liabilities
28,714 28,804 29,052 29,092 26,003 25,978 26,252 26,263 25,227 25,136 27,692
Other Noncurrent Operating Liabilities
25,567 20,353 20,280 19,768 20,122 19,935 19,914 20,526 20,942 20,735 21,100
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
411 422 239 230 241 243 236 224 237 244 231
Total Equity & Noncontrolling Interests
81,627 83,033 84,679 83,163 83,226 83,049 83,704 86,318 86,038 87,056 97,228
Total Preferred & Common Equity
80,943 82,421 84,119 82,625 82,703 82,549 83,219 85,774 85,560 86,638 96,851
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
80,944 82,371 84,119 82,624 82,655 82,550 83,219 85,774 85,561 86,637 96,851
Common Stock
39,463 39,262 39,168 38,915 38,533 38,322 38,250 38,194 38,149 37,878 37,843
Retained Earnings
51,609 52,524 53,900 53,751 52,892 53,425 54,308 55,105 56,972 57,473 66,000
Treasury Stock
-7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517 -7,517
Accumulated Other Comprehensive Income / (Loss)
-2,611 -1,898 -1,432 -2,525 -1,253 -1,680 -1,822 -8.00 -2,043 -1,197 525
Noncontrolling Interest
684 612 559 538 523 500 485 544 477 418 376

Annual Metrics And Ratios for Comcast

This table displays calculated financial ratios and metrics derived from Comcast's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - - - - -
Revenue Growth
6.37% 8.34% 8.36% 5.32% 11.15% 15.27% -4.94% 12.38% 4.33% 0.12% 1.78%
EBITDA Growth
8.23% 8.19% 15.51% -1.31% 4.74% 17.16% -8.01% 17.09% -27.37% 44.08% -3.32%
EBIT Growth
12.02% 8.16% 7.97% 6.78% 1.87% 14.79% -13.50% 25.31% -43.61% 86.39% -7.16%
NOPAT Growth
18.00% -2.03% 5.38% 153.62% -45.01% 11.94% -19.63% 13.33% -50.62% 130.91% 15.17%
Net Income Growth
20.42% -2.08% 7.31% 153.90% -48.25% 12.32% -19.68% 29.27% -64.40% 206.74% 5.10%
EPS Growth
25.00% -2.08% 7.31% 166.85% -46.74% 11.86% -19.43% 33.33% -60.20% 206.61% 11.59%
Operating Cash Flow Growth
19.67% 14.99% 26.19% -13.53% 14.28% 5.76% -3.74% 17.82% -9.38% 7.91% -2.91%
Free Cash Flow Firm Growth
52.25% -317.18% 270.70% -124.92% -487.13% 129.85% -35.76% 56.55% 17.96% -13.30% -7.46%
Invested Capital Growth
0.48% 49.93% -27.67% 52.42% 65.59% 0.24% 1.69% -0.65% -6.65% 0.36% 2.69%
Revenue Q/Q Growth
1.19% 2.07% 2.69% 0.85% 6.50% 0.51% -0.66% 2.31% 0.18% 0.58% 0.54%
EBITDA Q/Q Growth
0.73% 1.16% 10.41% -1.98% 6.25% 2.85% 1.15% -0.33% -1.72% 1.24% -0.31%
EBIT Q/Q Growth
0.50% 0.65% 4.78% -1.97% -0.29% 4.75% 1.56% -1.91% -2.68% 1.74% -1.82%
NOPAT Q/Q Growth
0.01% 1.27% 1.81% 125.68% -49.01% 2.29% -7.35% 4.01% -1.89% -0.17% 15.99%
Net Income Q/Q Growth
0.33% 0.72% 3.96% 123.17% -51.25% 4.86% 2.26% -3.20% -2.13% 1.90% 10.67%
EPS Q/Q Growth
-1.54% 0.72% 3.96% 121.96% -52.44% 3.66% 2.24% -1.94% 4.31% 2.20% 11.59%
Operating Cash Flow Q/Q Growth
14.62% 5.58% 25.06% -33.62% 32.49% 1.76% -4.60% 9.99% -6.40% 0.14% 8.46%
Free Cash Flow Firm Q/Q Growth
165.24% -164.36% 345.86% -111.71% 29.21% 133.61% -6.93% 22.35% -8.30% 41.18% 15.95%
Invested Capital Q/Q Growth
-28.07% 47.41% 3.22% 0.00% 64.95% 2.75% 2.53% 1.14% 2.23% -0.78% -0.40%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
69.59% 69.74% 69.84% 70.18% 68.58% 68.39% 68.02% 66.96% 68.53% 69.76% 70.08%
EBITDA Margin
33.16% 33.11% 35.30% 33.08% 31.17% 31.68% 30.66% 31.94% 22.24% 32.00% 30.40%
Operating Margin
21.67% 21.47% 20.85% 21.19% 20.11% 19.39% 16.89% 17.89% 11.56% 19.18% 18.83%
EBIT Margin
21.50% 21.46% 21.39% 21.69% 19.88% 19.79% 18.01% 20.08% 10.85% 20.21% 18.43%
Profit (Net Income) Margin
12.49% 11.29% 11.18% 26.96% 12.55% 12.23% 10.33% 11.89% 4.06% 12.43% 12.83%
Tax Burden Percent
68.93% 62.92% 63.02% 149.30% 77.82% 78.39% 76.08% 72.45% 53.05% 73.77% 85.03%
Interest Burden Percent
84.30% 83.61% 82.96% 83.26% 81.14% 78.82% 75.40% 81.68% 70.44% 83.36% 81.87%
Effective Tax Rate
31.07% 37.09% 36.98% -49.30% 22.18% 21.61% 23.92% 27.54% 46.95% 26.23% 14.97%
Return on Invested Capital (ROIC)
16.21% 12.68% 12.93% 30.94% 10.61% 9.51% 7.57% 8.54% 4.38% 10.45% 11.85%
ROIC Less NNEP Spread (ROIC-NNEP)
1.34% 6.14% 6.94% 14.45% 6.29% 6.09% 4.56% 7.00% 1.23% 7.89% 7.07%
Return on Net Nonoperating Assets (RNNOA)
0.29% 2.86% 3.29% 5.55% 5.95% 7.24% 4.43% 5.94% 1.09% 7.81% 6.86%
Return on Equity (ROE)
16.50% 15.54% 16.21% 36.49% 16.56% 16.75% 12.01% 14.48% 5.47% 18.26% 18.71%
Cash Return on Invested Capital (CROIC)
15.73% -27.27% 45.04% -10.59% -38.78% 9.27% 5.90% 9.19% 11.25% 10.08% 9.19%
Operating Return on Assets (OROA)
13.79% 11.65% 12.28% 15.99% 10.22% 8.37% 6.94% 8.50% 4.94% 9.41% 8.59%
Return on Assets (ROA)
8.01% 6.13% 6.42% 19.88% 6.45% 5.17% 3.98% 5.03% 1.85% 5.79% 5.98%
Return on Common Equity (ROCE)
16.39% 15.09% 15.44% 35.43% 16.16% 16.25% 11.65% 14.13% 5.38% 18.05% 18.54%
Return on Equity Simple (ROE_SIMPLE)
0.00% 16.10% 16.74% 33.41% 16.56% 16.11% 11.85% 14.40% 6.08% 18.27% 18.56%
Net Operating Profit after Tax (NOPAT)
10,273 10,065 10,607 26,901 14,794 16,560 13,309 15,083 7,449 17,199 19,809
NOPAT Margin
14.94% 13.51% 13.14% 31.64% 15.65% 15.20% 12.85% 12.96% 6.13% 14.15% 16.01%
Net Nonoperating Expense Percent (NNEP)
14.87% 6.55% 5.99% 16.49% 4.32% 3.42% 3.01% 1.54% 3.15% 2.55% 4.78%
Return On Investment Capital (ROIC_SIMPLE)
19.36% 9.44% 18.88% 38.73% 8.03% 8.90% 6.81% 7.84% 4.22% 9.54% 10.70%
Cost of Revenue to Revenue
30.41% 30.26% 30.16% 29.82% 31.42% 31.61% 31.98% 33.04% 31.47% 30.24% 29.92%
SG&A Expenses to Revenue
28.85% 28.62% 29.53% 29.93% 29.73% 30.11% 31.97% 30.60% 31.51% 32.24% 32.76%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
47.92% 48.26% 49.00% 48.99% 48.47% 49.00% 51.13% 49.08% 56.97% 50.58% 51.25%
Earnings before Interest and Taxes (EBIT)
14,786 15,993 17,268 18,439 18,784 21,563 18,653 23,374 13,180 24,566 22,807
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
22,805 24,673 28,499 28,127 29,460 34,516 31,753 37,178 27,001 38,902 37,609
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.11 1.08 1.27 2.31 1.87 2.16 2.38 2.18 1.75 2.06 1.66
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.85 0.76 0.85 1.85 1.41 1.64 2.07 1.80 1.16 1.40 1.15
Price to Earnings (P/E)
6.99 6.90 7.90 6.92 11.39 13.72 20.37 14.80 26.33 11.04 8.80
Dividend Yield
3.82% 4.25% 3.84% 2.22% 2.59% 2.08% 1.92% 2.14% 3.24% 2.70% 4.06%
Earnings Yield
14.30% 14.49% 12.66% 14.46% 8.78% 7.29% 4.91% 6.76% 3.80% 9.06% 11.37%
Enterprise Value to Invested Capital (EV/IC)
0.92 1.12 1.03 1.51 1.36 1.55 1.70 1.64 1.37 1.53 1.34
Enterprise Value to Revenue (EV/Rev)
0.85 1.43 0.88 1.86 2.50 2.48 2.91 2.49 1.85 2.07 1.83
Enterprise Value to EBITDA (EV/EBITDA)
2.56 4.31 2.48 5.62 8.01 7.84 9.49 7.79 8.33 6.48 6.02
Enterprise Value to EBIT (EV/EBIT)
3.95 6.65 4.10 8.57 12.56 12.55 16.16 12.39 17.06 10.27 9.92
Enterprise Value to NOPAT (EV/NOPAT)
5.68 10.57 6.67 5.88 15.94 16.34 22.65 19.19 30.18 14.66 11.42
Enterprise Value to Operating Cash Flow (EV/OCF)
3.44 5.46 2.88 7.44 9.71 10.53 12.19 9.93 8.51 8.85 8.18
Enterprise Value to Free Cash Flow (EV/FCFF)
5.86 0.00 1.92 0.00 0.00 16.76 29.07 17.83 11.74 15.19 14.72
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.95 0.00 0.00 1.51 1.20 1.12 0.97 1.16 1.16 1.15
Long-Term Debt to Equity
0.00 0.89 0.00 0.00 1.45 1.15 1.08 0.95 1.13 1.14 1.09
Financial Leverage
0.22 0.47 0.47 0.38 0.95 1.19 0.97 0.85 0.89 0.99 0.97
Leverage Ratio
2.06 2.54 2.53 1.84 2.57 3.24 3.01 2.88 2.96 3.15 3.13
Compound Leverage Factor
1.74 2.12 2.10 1.53 2.08 2.55 2.27 2.35 2.09 2.63 2.56
Debt to Total Capital
0.00% 48.80% 0.00% 0.00% 60.22% 54.53% 52.73% 49.18% 53.61% 53.77% 53.46%
Short-Term Debt to Total Capital
0.00% 3.36% 0.00% 0.00% 2.37% 2.37% 1.60% 1.11% 0.99% 1.15% 2.65%
Long-Term Debt to Total Capital
0.00% 45.44% 0.00% 0.00% 57.85% 52.15% 51.13% 48.08% 52.63% 52.63% 50.81%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.67% 2.72% 3.97% 1.21% 1.19% 1.34% 1.37% 0.99% 0.62% 0.42% 0.39%
Common Equity to Total Capital
99.55% 48.48% 95.75% 98.16% 38.59% 44.13% 45.87% 49.83% 45.77% 45.78% 46.16%
Debt to EBITDA
0.00 2.13 0.00 0.00 3.79 2.96 3.27 2.55 3.51 2.50 2.63
Net Debt to EBITDA
0.00 1.91 0.00 0.00 3.40 2.58 2.65 2.10 3.05 2.09 2.21
Long-Term Debt to EBITDA
0.00 1.99 0.00 0.00 3.64 2.83 3.17 2.49 3.45 2.44 2.50
Debt to NOPAT
0.00 5.23 0.00 0.00 7.55 6.17 7.80 6.29 12.73 5.65 5.00
Net Debt to NOPAT
0.00 4.68 0.00 0.00 6.76 5.38 6.33 5.18 11.05 4.74 4.20
Long-Term Debt to NOPAT
0.00 4.87 0.00 0.00 7.26 5.90 7.56 6.15 12.49 5.52 4.75
Altman Z-Score
2.18 1.21 2.40 10.32 1.28 1.53 1.59 1.70 1.38 1.53 1.46
Noncontrolling Interest Sharing Ratio
0.66% 2.93% 4.77% 2.91% 2.43% 2.97% 2.96% 2.44% 1.67% 1.15% 0.90%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.00 0.68 0.00 0.00 0.79 0.84 0.93 0.85 0.78 0.60 0.68
Quick Ratio
0.00 0.51 0.00 0.00 0.54 0.55 0.81 0.71 0.62 0.50 0.53
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
9,968 -21,649 36,956 -9,210 -54,075 16,144 10,371 16,236 19,152 16,605 15,367
Operating Cash Flow to CapEx
228.37% 229.26% 232.25% 222.63% 248.59% 258.18% 269.50% 317.70% 248.57% 232.81% 227.18%
Free Cash Flow to Firm to Interest Expense
3.81 -8.01 12.56 -2.98 -15.27 3.53 2.26 3.79 4.92 4.06 3.72
Operating Cash Flow to Interest Expense
6.48 7.21 8.36 6.89 6.86 5.63 5.39 6.81 6.78 6.97 6.69
Operating Cash Flow Less CapEx to Interest Expense
3.64 4.07 4.76 3.79 4.10 3.45 3.39 4.67 4.05 3.98 3.75
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.64 0.54 0.57 0.74 0.51 0.42 0.39 0.42 0.46 0.47 0.47
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 9.73 9.10 9.92 9.84 9.18 9.01
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 9.04 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
2.26 2.31 2.31 2.28 2.28 2.35 2.06 2.20 2.22 2.11 2.02
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 3.57 2.99 3.23 3.06 2.94 3.12
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 37.52 40.10 36.81 37.09 39.76 40.52
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 40.39 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 102.38 122.27 113.06 119.39 124.01 117.10
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 -24.47 -82.17 -76.25 -82.30 -84.26 -76.58
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
63,519 95,233 68,884 104,995 173,864 174,280 177,218 176,065 164,362 164,956 169,398
Invested Capital Turnover
1.09 0.94 0.98 0.98 0.68 0.63 0.59 0.66 0.71 0.74 0.74
Increase / (Decrease) in Invested Capital
305 31,714 -26,349 36,111 68,869 416 2,938 -1,153 -11,703 594 4,442
Enterprise Value (EV)
58,372 106,350 70,776 158,093 235,862 270,640 301,470 289,489 224,818 252,175 226,251
Market Capitalization
58,617 56,318 68,545 157,250 133,611 179,086 214,575 209,515 141,401 169,921 142,413
Book Value per Share
$20.51 $21.27 $22.48 $14.59 $15.74 $18.18 $19.73 $21.03 $18.72 $20.54 $22.36
Tangible Book Value per Share
($9.13) ($23.19) ($9.55) ($1.99) ($22.00) ($19.88) ($16.43) ($14.67) ($18.22) ($15.86) ($18.33)
Total Capital
53,068 107,820 56,174 69,459 185,561 187,463 196,778 192,859 176,849 180,557 185,368
Total Debt
0.00 52,621 0.00 0.00 111,743 102,217 103,760 94,850 94,811 97,090 99,093
Total Long-Term Debt
0.00 48,994 0.00 0.00 107,345 97,765 100,614 92,718 93,068 95,021 94,186
Net Debt
-602 47,102 0.00 0.00 100,046 89,034 84,200 78,057 82,322 81,490 83,124
Capital Expenditures (CapEx)
7,420 8,499 10,587 9,550 9,774 9,953 9,179 9,174 10,626 12,242 12,181
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -4,543 1,772 0.00 -5,171 -5,948 -10,649 -11,120 -9,067 -20,357 -15,195
Debt-free Net Working Capital (DFNWC)
602 -2,248 1,772 0.00 -1,357 -448 1,091 -2,409 -4,318 -14,142 -7,873
Net Working Capital (NWC)
602 -5,875 1,772 0.00 -5,755 -4,900 -2,055 -4,541 -6,061 -16,211 -12,780
Net Nonoperating Expense (NNE)
1,681 1,652 1,579 3,979 2,932 3,237 2,608 1,250 2,524 2,092 3,932
Net Nonoperating Obligations (NNO)
10,451 40,034 12,710 35,536 100,046 89,034 84,200 78,056 82,324 81,489 83,123
Total Depreciation and Amortization (D&A)
8,019 8,680 11,231 9,688 10,676 12,953 13,100 13,804 13,821 14,336 14,802
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -6.10% 2.19% 0.00% -5.47% -5.46% -10.28% -9.55% -7.47% -16.74% -12.28%
Debt-free Net Working Capital to Revenue
0.88% -3.02% 2.19% 0.00% -1.44% -0.41% 1.05% -2.07% -3.56% -11.63% -6.36%
Net Working Capital to Revenue
0.88% -7.88% 2.19% 0.00% -6.09% -4.50% -1.98% -3.90% -4.99% -13.33% -10.33%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$3.24 $3.28 $3.61 $4.82 $2.56 $2.87 $2.30 $3.09 $1.22 $3.73 $4.17
Adjusted Weighted Average Basic Shares Outstanding
2.54B 2.44B 2.38B 4.64B 4.53B 4.55B 4.58B 4.53B 4.22B 3.97B 3.78B
Adjusted Diluted Earnings per Share
$3.20 $3.24 $3.57 $4.75 $2.53 $2.83 $2.28 $3.04 $1.21 $3.71 $4.14
Adjusted Weighted Average Diluted Shares Outstanding
2.54B 2.44B 2.38B 4.64B 4.53B 4.55B 4.58B 4.53B 4.22B 3.97B 3.78B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $2.87 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
2.54B 2.44B 2.38B 4.64B 4.53B 4.55B 4.58B 4.53B 4.22B 3.97B 3.78B
Normalized Net Operating Profit after Tax (NOPAT)
10,273 10,065 10,607 12,303 14,528 16,560 13,309 15,083 12,002 17,199 19,809
Normalized NOPAT Margin
14.94% 13.51% 13.14% 14.47% 15.37% 15.20% 12.85% 12.96% 9.88% 14.15% 16.01%
Pre Tax Income Margin
18.12% 17.95% 17.74% 18.06% 16.13% 15.60% 13.58% 16.41% 7.65% 16.84% 15.09%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
5.65 5.92 5.87 5.98 5.30 4.72 4.07 5.46 3.38 6.01 5.52
NOPAT to Interest Expense
3.93 3.73 3.61 8.72 4.18 3.63 2.90 3.52 1.91 4.21 4.79
EBIT Less CapEx to Interest Expense
2.81 2.77 2.27 2.88 2.54 2.54 2.07 3.32 0.66 3.02 2.57
NOPAT Less CapEx to Interest Expense
1.09 0.58 0.01 5.62 1.42 1.45 0.90 1.38 -0.82 1.21 1.85
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
28.79% 31.72% 31.61% 23.71% 28.26% 28.03% 38.69% 32.76% 96.26% 31.55% 30.32%
Augmented Payout Ratio
78.27% 117.01% 90.90% 47.42% 73.11% 31.82% 43.68% 66.54% 366.88% 106.29% 87.66%

Quarterly Metrics And Ratios for Comcast

This table displays calculated financial ratios and metrics derived from Comcast's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
0.71% -4.25% 1.66% 0.89% 2.29% 1.24% -2.70% 6.49% 2.12% -0.57% 2.11%
EBITDA Growth
-5.51% 7.78% 14.81% 1,460.28% 5.89% -3.70% -5.08% -2.83% -1.37% -2.77% 104.35%
EBIT Growth
-7.25% 8.60% 22.93% 342.47% 9.07% -2.32% -7.78% -10.25% -8.33% -9.27% 154.02%
NOPAT Growth
-4.10% -0.19% 7.08% 378.98% -1.40% 5.97% 0.28% -8.19% 87.15% -3.42% -8.21%
Net Income Growth
-3.59% 8.37% 29.25% 185.68% 9.78% 0.27% -8.36% -10.53% 48.54% -12.74% 187.68%
EPS Growth
7.46% 16.67% 34.21% 193.33% 11.11% 6.59% -1.96% -4.08% 53.75% -8.25% 198.00%
Operating Cash Flow Growth
-23.49% -0.40% 13.77% 17.38% 0.66% 8.58% -34.37% -13.88% 36.44% 5.68% 65.43%
Free Cash Flow Firm Growth
214.35% 116.87% 42.48% -106.30% -80.96% -50.41% -41.69% 171.58% -27.56% -122.07% -269.51%
Invested Capital Growth
-6.65% -4.76% -2.72% 3.40% 0.36% -1.10% -0.40% 2.30% 2.69% 3.36% 8.39%
Revenue Q/Q Growth
2.36% -2.82% 2.77% -1.30% 3.78% -3.82% -1.23% 8.02% -0.48% -6.35% 1.43%
EBITDA Q/Q Growth
1,164.02% 23.60% 2.31% -2.39% -14.22% 12.41% 0.85% -0.07% -12.93% 10.81% 111.97%
EBIT Q/Q Growth
272.54% 34.68% 7.53% -2.96% -22.39% 20.62% 1.52% -5.56% -20.73% 19.39% 184.23%
NOPAT Q/Q Growth
308.94% 14.38% 20.99% -3.51% -26.15% 22.92% 14.50% -11.67% 50.54% -36.57% 8.83%
Net Income Q/Q Growth
161.59% 31.12% 11.20% -4.58% -21.09% 19.75% 1.64% -6.85% 31.01% -29.65% 235.07%
EPS Q/Q Growth
168.57% 26.39% 12.09% -3.92% -18.37% 21.25% 3.09% -6.00% 30.85% -27.64% 234.83%
Operating Cash Flow Q/Q Growth
-15.30% 22.86% -0.42% 13.27% -27.36% 32.52% -39.81% 48.62% 15.08% 2.65% -5.78%
Free Cash Flow Firm Q/Q Growth
31.53% -19.12% -22.19% -107.61% 497.53% 110.65% -8.50% -90.66% 302.32% -164.16% -602.95%
Invested Capital Q/Q Growth
2.23% 0.77% 1.14% -0.75% -0.78% -0.70% 1.85% 1.94% -0.40% -0.06% 6.81%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
67.90% 69.67% 71.00% 71.27% 67.18% 70.65% 73.18% 68.14% 68.59% 71.84% 75.01%
EBITDA Margin
26.56% 33.78% 33.63% 33.26% 27.50% 32.13% 32.81% 30.35% 26.55% 31.42% 65.67%
Operating Margin
14.82% 19.02% 21.99% 21.50% 14.35% 19.33% 22.35% 18.27% 15.64% 18.93% 19.77%
EBIT Margin
15.20% 21.06% 22.04% 21.67% 16.20% 20.32% 20.89% 18.26% 14.54% 18.54% 51.96%
Profit (Net Income) Margin
9.40% 12.69% 13.73% 13.27% 10.09% 12.57% 12.93% 11.15% 14.68% 11.03% 36.43%
Tax Burden Percent
78.28% 71.85% 73.16% 73.14% 77.99% 73.99% 74.18% 74.21% 131.09% 73.37% 75.40%
Interest Burden Percent
79.04% 83.85% 85.16% 83.75% 79.86% 83.58% 83.45% 82.29% 76.99% 81.05% 92.99%
Effective Tax Rate
21.69% 28.15% 26.84% 26.86% 22.01% 26.01% 25.82% 25.79% -31.09% 26.63% 24.60%
Return on Invested Capital (ROIC)
8.28% 9.67% 11.42% 11.62% 8.26% 10.59% 12.01% 9.92% 15.18% 10.31% 10.65%
ROIC Less NNEP Spread (ROIC-NNEP)
7.44% 9.30% 10.53% 10.71% 7.84% 9.95% 10.70% 8.99% 12.92% 9.25% 18.50%
Return on Net Nonoperating Assets (RNNOA)
6.63% 8.25% 9.57% 10.56% 7.76% 9.70% 10.49% 8.81% 12.53% 8.81% 16.95%
Return on Equity (ROE)
14.91% 17.92% 20.99% 22.18% 16.02% 20.29% 22.50% 18.73% 27.71% 19.12% 27.60%
Cash Return on Invested Capital (CROIC)
11.25% 9.32% 7.54% 7.19% 10.08% 11.70% 10.85% 7.88% 9.19% 8.54% 2.57%
Operating Return on Assets (OROA)
6.92% 9.48% 10.04% 10.16% 7.55% 9.48% 9.64% 8.47% 6.78% 8.62% 24.06%
Return on Assets (ROA)
4.28% 5.71% 6.26% 6.23% 4.70% 5.86% 5.97% 5.17% 6.84% 5.13% 16.87%
Return on Common Equity (ROCE)
14.66% 17.63% 20.70% 21.94% 15.84% 20.07% 22.30% 18.56% 27.46% 18.96% 27.40%
Return on Equity Simple (ROE_SIMPLE)
0.00% 6.33% 7.33% 17.94% 0.00% 18.31% 17.74% 16.73% 0.00% 17.77% 0.00%
Net Operating Profit after Tax (NOPAT)
3,547 4,057 4,908 4,736 3,497 4,299 4,922 4,348 6,545 4,152 4,518
NOPAT Margin
11.61% 13.66% 16.09% 15.73% 11.19% 14.30% 16.58% 13.56% 20.51% 13.89% 14.90%
Net Nonoperating Expense Percent (NNEP)
0.84% 0.36% 0.89% 0.91% 0.42% 0.64% 1.31% 0.93% 2.26% 1.05% -7.85%
Return On Investment Capital (ROIC_SIMPLE)
2.01% 2.27% 2.69% 2.62% 1.94% 2.39% 2.71% 2.32% 3.54% 2.23% 2.27%
Cost of Revenue to Revenue
32.10% 30.33% 29.00% 28.73% 32.82% 29.35% 26.82% 31.86% 31.41% 28.16% 24.99%
SG&A Expenses to Revenue
34.57% 31.33% 30.53% 31.97% 35.01% 32.79% 32.44% 31.58% 34.21% 33.10% 34.38%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
53.07% 50.66% 49.01% 49.77% 52.84% 51.32% 50.84% 49.88% 52.93% 52.91% 55.24%
Earnings before Interest and Taxes (EBIT)
4,643 6,253 6,724 6,525 5,064 6,108 6,201 5,856 4,642 5,542 15,752
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
8,115 10,030 10,262 10,017 8,593 9,659 9,741 9,734 8,475 9,391 19,906
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.75 1.83 1.96 2.12 2.06 2.05 1.80 1.86 1.66 1.60 1.36
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.16 1.25 1.36 1.45 1.40 1.39 1.24 1.29 1.15 1.12 1.06
Price to Earnings (P/E)
26.33 26.64 25.28 11.55 11.04 10.97 9.94 10.85 8.80 8.80 5.77
Dividend Yield
3.24% 3.02% 2.79% 2.64% 2.70% 2.76% 5.36% 4.33% 4.06% 3.39% 3.56%
Earnings Yield
3.80% 3.75% 3.96% 8.66% 9.06% 9.11% 10.06% 9.22% 11.37% 11.36% 17.35%
Enterprise Value to Invested Capital (EV/IC)
1.37 1.41 1.48 1.56 1.53 1.53 1.40 1.43 1.34 1.30 1.19
Enterprise Value to Revenue (EV/Rev)
1.85 1.95 2.06 2.14 2.07 2.05 1.93 1.98 1.83 1.79 1.74
Enterprise Value to EBITDA (EV/EBITDA)
8.33 8.43 8.53 6.73 6.48 6.50 6.15 6.45 6.02 5.92 4.55
Enterprise Value to EBIT (EV/EBIT)
17.06 17.10 16.61 10.71 10.27 10.25 9.78 10.48 9.92 9.93 6.80
Enterprise Value to NOPAT (EV/NOPAT)
30.18 31.00 30.56 15.01 14.66 14.35 13.38 14.26 11.42 11.20 11.70
Enterprise Value to Operating Cash Flow (EV/OCF)
8.51 8.86 9.10 9.08 8.85 8.60 8.77 9.54 8.18 7.86 6.92
Enterprise Value to Free Cash Flow (EV/FCFF)
11.74 14.78 19.37 21.98 15.19 12.99 12.88 18.37 14.72 15.53 48.35
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.16 1.14 1.15 1.17 1.16 1.16 1.17 1.17 1.15 1.14 1.04
Long-Term Debt to Equity
1.13 1.13 1.12 1.13 1.14 1.13 1.16 1.14 1.09 1.06 0.98
Financial Leverage
0.89 0.89 0.91 0.99 0.99 0.98 0.98 0.98 0.97 0.95 0.92
Leverage Ratio
2.96 2.96 2.97 3.13 3.15 3.14 3.11 3.12 3.13 3.11 2.96
Compound Leverage Factor
2.34 2.49 2.53 2.62 2.52 2.62 2.59 2.57 2.41 2.52 2.75
Debt to Total Capital
53.61% 53.37% 53.45% 53.86% 53.77% 53.69% 53.90% 53.94% 53.46% 53.17% 51.02%
Short-Term Debt to Total Capital
0.99% 0.63% 1.38% 1.65% 1.15% 1.39% 0.56% 1.39% 2.65% 3.67% 2.87%
Long-Term Debt to Total Capital
52.63% 52.74% 52.06% 52.21% 52.63% 52.30% 53.34% 52.56% 50.81% 49.50% 48.15%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.62% 0.58% 0.44% 0.43% 0.42% 0.41% 0.40% 0.41% 0.39% 0.36% 0.31%
Common Equity to Total Capital
45.77% 46.02% 46.11% 45.72% 45.78% 45.90% 45.71% 45.65% 46.16% 46.47% 48.67%
Debt to EBITDA
3.51 3.45 3.36 2.53 2.50 2.51 2.58 2.69 2.63 2.65 2.14
Net Debt to EBITDA
3.05 2.96 2.84 2.16 2.09 2.09 2.18 2.21 2.21 2.20 1.76
Long-Term Debt to EBITDA
3.45 3.41 3.27 2.46 2.44 2.44 2.55 2.62 2.50 2.47 2.02
Debt to NOPAT
12.73 12.67 12.02 5.65 5.65 5.53 5.62 5.94 5.00 5.02 5.50
Net Debt to NOPAT
11.05 10.89 10.18 4.81 4.74 4.61 4.75 4.89 4.20 4.16 4.51
Long-Term Debt to NOPAT
12.49 12.52 11.71 5.48 5.52 5.39 5.56 5.78 4.75 4.68 5.19
Altman Z-Score
1.27 1.29 1.35 1.38 1.29 1.31 1.28 1.29 1.24 1.22 1.42
Noncontrolling Interest Sharing Ratio
1.67% 1.61% 1.37% 1.10% 1.15% 1.10% 0.90% 0.90% 0.90% 0.82% 0.73%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.78 0.69 0.76 0.70 0.60 0.59 0.66 0.72 0.68 0.65 0.91
Quick Ratio
0.62 0.55 0.61 0.56 0.50 0.49 0.54 0.60 0.53 0.51 0.71
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
15,250 12,334 9,597 -730 2,903 6,116 5,596 523 2,103 -1,349 -9,486
Operating Cash Flow to CapEx
165.07% 271.32% 242.93% 247.44% 178.37% 298.40% 173.42% 241.02% 206.44% 368.29% 291.82%
Free Cash Flow to Firm to Interest Expense
15.64 12.21 9.62 -0.69 2.85 6.10 5.45 0.50 1.97 -1.29 -8.58
Operating Cash Flow to Interest Expense
6.03 7.16 7.21 7.69 5.81 7.83 4.60 6.77 7.56 7.90 7.07
Operating Cash Flow Less CapEx to Interest Expense
2.38 4.52 4.24 4.58 2.55 5.21 1.95 3.96 3.90 5.75 4.65
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.46 0.45 0.46 0.47 0.47 0.47 0.46 0.46 0.47 0.47 0.46
Accounts Receivable Turnover
9.84 9.77 9.67 9.77 9.18 9.59 9.26 9.16 9.01 9.50 9.48
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
2.22 2.18 2.19 2.16 2.11 2.10 2.06 2.05 2.02 2.01 1.99
Accounts Payable Turnover
3.06 2.95 2.99 2.97 2.94 3.05 2.98 3.11 3.12 3.14 3.08
Days Sales Outstanding (DSO)
37.09 37.36 37.73 37.37 39.76 38.06 39.40 39.85 40.52 38.44 38.51
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
119.39 123.83 122.22 122.91 124.01 119.49 122.45 117.53 117.10 116.31 118.68
Cash Conversion Cycle (CCC)
-82.30 -86.47 -84.49 -85.53 -84.26 -81.43 -83.05 -77.68 -76.58 -77.87 -80.16
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
164,362 165,620 167,506 166,246 164,956 163,803 166,832 170,071 169,398 169,304 180,836
Invested Capital Turnover
0.71 0.71 0.71 0.74 0.74 0.74 0.72 0.73 0.74 0.74 0.71
Increase / (Decrease) in Invested Capital
-11,703 -8,277 -4,689 5,466 594 -1,817 -674 3,825 4,442 5,501 14,004
Enterprise Value (EV)
224,818 233,843 247,902 258,564 252,175 250,355 233,620 243,510 226,251 220,933 216,030
Market Capitalization
141,401 150,645 164,515 174,943 169,921 169,102 150,007 159,213 142,413 138,266 132,045
Book Value per Share
$18.72 $19.54 $20.18 $20.03 $20.54 $21.04 $21.21 $22.15 $22.36 $22.91 $25.94
Tangible Book Value per Share
($18.22) ($15.41) ($18.16) ($15.19) ($15.86) ($19.19) ($18.79) ($18.96) ($18.33) ($18.39) ($13.11)
Total Capital
176,849 178,988 182,414 180,722 180,557 179,865 182,068 187,906 185,368 186,422 198,987
Total Debt
94,811 95,533 97,496 97,329 97,090 96,573 98,128 101,364 99,093 99,122 101,528
Total Long-Term Debt
93,068 94,403 94,972 94,351 95,021 94,071 97,107 98,754 94,186 92,274 95,808
Net Debt
82,322 82,164 82,589 82,853 81,490 80,510 82,892 83,529 83,124 82,005 83,378
Capital Expenditures (CapEx)
3,564 2,664 2,963 3,295 3,320 2,630 2,724 2,913 3,914 2,252 2,678
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-9,067 -14,443 -12,625 -13,784 -20,357 -20,359 -16,934 -16,804 -15,195 -16,756 -6,723
Debt-free Net Working Capital (DFNWC)
-4,318 -8,908 -5,479 -7,349 -14,142 -13,844 -10,869 -7,990 -7,873 -8,163 2,964
Net Working Capital (NWC)
-6,061 -10,038 -8,003 -10,327 -16,211 -16,346 -11,890 -10,600 -12,780 -15,011 -2,756
Net Nonoperating Expense (NNE)
674 290 719 739 343 522 1,083 772 1,860 856 -6,526
Net Nonoperating Obligations (NNO)
82,324 82,165 82,588 82,853 81,489 80,511 82,892 83,529 83,123 82,004 83,377
Total Depreciation and Amortization (D&A)
3,472 3,777 3,538 3,492 3,529 3,551 3,540 3,878 3,833 3,849 4,154
Debt-free, Cash-free Net Working Capital to Revenue
-7.47% -12.03% -10.47% -11.40% -16.74% -16.70% -13.98% -13.65% -12.28% -13.56% -5.41%
Debt-free Net Working Capital to Revenue
-3.56% -7.42% -4.54% -6.08% -11.63% -11.35% -8.97% -6.49% -6.36% -6.61% 2.39%
Net Working Capital to Revenue
-4.99% -8.36% -6.64% -8.54% -13.33% -13.41% -9.82% -8.61% -10.33% -12.15% -2.22%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.72 $0.91 $1.02 $0.98 $0.82 $0.97 $1.01 $0.94 $1.25 $0.90 $2.99
Adjusted Weighted Average Basic Shares Outstanding
4.22B 4.17B 4.13B 4.03B 3.97B 3.92B 3.87B 3.83B 3.78B 3.73B 3.69B
Adjusted Diluted Earnings per Share
$0.72 $0.91 $1.02 $0.98 $0.80 $0.97 $1.00 $0.94 $1.23 $0.89 $2.98
Adjusted Weighted Average Diluted Shares Outstanding
4.22B 4.17B 4.13B 4.03B 3.97B 3.92B 3.87B 3.83B 3.78B 3.73B 3.69B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
4.22B 4.17B 4.13B 4.03B 3.97B 3.92B 3.87B 3.83B 3.78B 3.73B 3.69B
Normalized Net Operating Profit after Tax (NOPAT)
3,547 4,057 4,908 4,736 3,497 4,299 4,922 4,348 3,495 4,152 4,518
Normalized NOPAT Margin
11.61% 13.66% 16.09% 15.73% 11.19% 14.30% 16.58% 13.56% 10.95% 13.89% 14.90%
Pre Tax Income Margin
12.01% 17.66% 18.77% 18.15% 12.94% 16.98% 17.43% 15.03% 11.20% 15.03% 48.32%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
4.76 6.19 6.74 6.16 4.97 6.10 6.04 5.65 4.34 5.28 14.26
NOPAT to Interest Expense
3.64 4.02 4.92 4.47 3.43 4.29 4.80 4.19 6.12 3.95 4.09
EBIT Less CapEx to Interest Expense
1.11 3.55 3.77 3.05 1.71 3.47 3.39 2.84 0.68 3.13 11.83
NOPAT Less CapEx to Interest Expense
-0.02 1.38 1.95 1.36 0.17 1.67 2.14 1.38 2.46 1.81 1.67
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
96.26% 91.05% 77.08% 32.08% 31.55% 31.65% 32.48% 33.49% 30.32% 31.47% 21.49%
Augmented Payout Ratio
366.88% 326.50% 259.86% 108.20% 106.29% 109.57% 113.71% 106.27% 87.66% 87.84% 57.95%

Key Financial Trends

Comcast Corp (NASDAQ:CMCSA) has demonstrated strong financial performance and solid cash flow trends over the last four years, with notable improvements into the first half of 2025. Below is a summary of key financial trends and notable factors from the latest quarterly data alongside historical context.

  • Net Income Growth: Comcast’s consolidated net income rose significantly to approximately $11.04 billion in Q2 2025, a substantial increase compared to $3.3 billion in Q1 2025 and a progressive rise from about $3.8 billion in Q2 2024.
  • Revenue Expansion: Operating revenues increased steadily to $30.3 billion in Q2 2025, up from $29.9 billion in the prior quarter and $29.7 billion in Q2 2024, showing consistent top-line growth.
  • Strong Operating Cash Flow: Net cash from continuing operating activities improved to $7.8 billion in Q2 2025, maintaining a robust cash generation capacity from operations.
  • Capital Investment in Infrastructure: The company continues to invest significantly in fixed assets, with property, plant & equipment net value rising to $64.0 billion by Q2 2025, supporting network expansion and technology upgrades.
  • Dividend and Share Repurchases: Comcast maintained steady dividend payments of $0.33 per share in Q2 2025, up from $0.31 to $0.33 over recent quarters, alongside ongoing stock repurchases totaling $1.8 billion in Q2 2025, which can be accretive to shareholder value.
  • Debt Levels: The company maintains a high but manageable level of long-term debt at around $95.8 billion by Q2 2025, reflecting Comcast’s capital-intensive business model and strategic financing activities.
  • Non-Cash Adjustments and Other Income Volatility: Non-cash adjustments swung largely negative in cash flow reconciliation in the latest quarter (Q2 2025), but total other income showed a large positive swing to $9.76 billion, a factor to monitor for its underlying drivers and sustainability.
  • Working Capital Components: Accounts receivable and other current assets have gradually increased over the last year, reflecting perhaps stronger business activity but could impact cash conversion cycle if growth outpaces collections.
  • Higher Operating Expenses: Total operating expenses rose to $16.7 billion in Q2 2025 from $15.8 billion in Q1 2025, driven by SG&A and marketing expenses, slightly pressuring operating margins.
  • Net Cash from Financing Activities is Negative: The net cash flow from financing activities remains negative at -$1.8 billion in Q2 2025 due to debt repayments, dividends, and share repurchases, indicating cash outflows that could limit liquidity if operating cash flow weakens.

Summary: Comcast’s recent quarterly results reflect strong earnings and revenue growth, supported by solid operating cash flows that fuel continued investments and shareholder returns. However, the company faces pressure from increasing operating expenses and ongoing sizable debt obligations. Investors should watch for Comcast’s ability to sustain operating efficiency and manage its leverage while driving growth in subscriber numbers and new technology deployments.

08/10/25 01:29 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Comcast's Financials

When does Comcast's fiscal year end?

According to the most recent income statement we have on file, Comcast's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Comcast's net income changed over the last 10 years?

Comcast's net income appears to be on an upward trend, with a most recent value of $15.88 billion in 2024, rising from $8.59 billion in 2014. The previous period was $15.11 billion in 2023.

What is Comcast's operating income?
Comcast's total operating income in 2024 was $23.30 billion, based on the following breakdown:
  • Total Gross Profit: $86.71 billion
  • Total Operating Expenses: $63.41 billion
How has Comcast's revenue changed over the last 10 years?

Over the last 10 years, Comcast's total revenue changed from $68.78 billion in 2014 to $123.73 billion in 2024, a change of 79.9%.

How much debt does Comcast have?

Comcast's total liabilities were at $179.94 billion at the end of 2024, a 0.8% decrease from 2023, and a 311.0% increase since 2014.

How much cash does Comcast have?

In the past 10 years, Comcast's cash and equivalents has ranged from $0.00 in 2014 to $11.74 billion in 2020, and is currently $7.32 billion as of their latest financial filing in 2024.

How has Comcast's book value per share changed over the last 10 years?

Over the last 10 years, Comcast's book value per share changed from 20.51 in 2014 to 22.36 in 2024, a change of 9.0%.



This page (NYSE:CCZ) was last updated on 8/10/2025 by MarketBeat.com Staff
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