Comcast Corporation (CMCSA) 10-Year Financial Performance & Capital Metrics

CMCSA • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersMajor US Wireless Carriers

AboutComcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services. The Media segment operates NBCUniversal's television and streaming platforms, including national, regional, and international cable networks, the NBC and Telemundo broadcast, and Peacock networks. The Studios segment operates NBCUniversal's film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment offers direct-to-consumer services, such as video, broadband, voice and wireless phone services, and content business operates entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and provides streaming service, such as Peacock. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.Show more

Revenue $123.73B +1.8%
EBITDA $38.1B +1.2%
Net Income $16.19B +5.2%
Free Cash Flow $15.49B +19.5%
EBITDA Margin 30.79% -0.6%
Net Margin 13.09% +3.4%
ROE 19.08% +2.6%
Interest Coverage 5.64 -1.2%
Debt/Equity 1.15 -1.3%
Net Debt/EBITDA 2.41 -0.2%
CapEx / Revenue 12.23% -4.3%
CapEx Coverage 1.83 -0.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓17 years of consecutive dividend growth
✓17 consecutive years of dividend growth
✓Strong interest coverage of 5.6x
✓Healthy dividend yield of 4.3%
✓Share count reduced 5.8% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.05%

5Y2.58%

3Y2.06%

TTM0.2%

Profit (Net Income) CAGR

10Y6.81%

5Y4.4%

3Y4.57%

TTM54.05%

EPS CAGR

10Y9.97%

5Y7.91%

3Y10.84%

TTM61.29%

ROCE

10Y Avg9.81%

5Y Avg9.2%

3Y Avg10.03%

Latest10.33%

Peer Comparison

Major US Wireless Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TMUST-Mobile US, Inc.	212.15B	189.67	19.63	3.62%	13.83%	19.63%	4.71%	1.85
TAT&T Inc.	165.18B	23.30	15.64	-0.08%	17.87%	17.28%	11.2%	1.17
TBBAT&T Inc. 5.35% GLB NTS 66	139.19B	22.67	15.21	-0.08%	17.87%	17.28%	13.3%	1.17
VZVerizon Communications Inc.	164.48B	39.01	9.40	0.61%	14.43%	18.65%	11.5%	1.67
CMCSAComcast Corporation	103.51B	28.48	6.88	1.78%	18.33%	23.15%	14.97%	1.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	74.51B	80.4B	84.53B	94.51B	108.94B	103.56B	116.39B	121.43B	121.57B	123.73B
Revenue Growth %	0.08%	0.08%	0.05%	0.12%	0.15%	-0.05%	0.12%	0.04%	0%	0.02%
Cost of Revenue	31.21B	34.02B	35.48B	40.71B	47.39B	46.22B	52.25B	52.03B	51.1B	51.83B
Gross Profit+	43.3B	46.38B	49.54B	53.8B	61.55B	57.34B	64.13B	69.39B	70.47B	71.9B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.09%	0.07%	0.07%	0.09%	0.14%	-0.07%	0.12%	0.08%	0.02%	0.02%
Operating Expenses+	27.1B	29.46B	31.97B	34.79B	40.24B	39.62B	43.31B	46.77B	47.16B	48.61B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	24.88B	26.35B	27.26B	29.68B	34.26B	30.83B	34.62B	36.45B	37.65B	38.1B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.07%	0.06%	0.03%	0.09%	0.15%	-0.1%	0.12%	0.05%	0.03%	0.01%
Depreciation & Amortization+	8.68B	9.43B	9.69B	10.68B	12.95B	13.1B	13.8B	13.82B	14.34B	14.8B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	16.2B	16.92B	17.58B	19.01B	21.3B	17.73B	20.82B	22.62B	23.31B	23.3B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.07%	0.04%	0.04%	0.08%	0.12%	-0.17%	0.17%	0.09%	0.03%	-0%
Interest Expense+	2.7B	2.94B	3.09B	3.54B	4.57B	4.59B	4.28B	3.9B	4.09B	4.13B
Interest Coverage	5.99x	5.75x	5.70x	5.37x	4.66x	3.86x	4.86x	5.81x	5.70x	5.64x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	13.37B	14.35B	15.32B	15.24B	17B	14.06B	19.09B	9.28B	20.48B	18.67B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.96B	5.31B	-7.58B	3.38B	3.67B	3.36B	5.26B	4.36B	5.37B	2.8B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	8.16B	8.7B	22.71B	11.73B	13.06B	10.53B	14.16B	5.37B	15.39B	16.19B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.03%	0.07%	1.61%	-0.48%	0.11%	-0.19%	0.34%	-0.62%	1.87%	0.05%
EPS (Diluted)+	1.62	1.71	4.75	2.53	2.83	2.28	3.04	1.21	3.71	4.14
EPS Growth %	0.01%	0.06%	1.78%	-0.47%	0.12%	-0.19%	0.33%	-0.6%	2.07%	0.12%
EPS (Basic)	1.67	1.71	4.89	2.59	2.87	2.30	3.09	1.22	3.73	4.17
Diluted Shares Outstanding	5.04B	5.09B	4.79B	4.64B	4.61B	4.62B	4.65B	4.43B	4.15B	3.91B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	166.57B	180.5B	187.46B	251.68B	263.41B	273.87B	275.9B	257.27B	264.81B	266.21B
Asset Growth %	0.05%	0.08%	0.04%	0.34%	0.05%	0.04%	0.01%	-0.07%	0.03%	0.01%
PP&E (Net)+	33.66B	36.25B	38.47B	44.44B	48.32B	51.99B	54.05B	55.48B	59.69B	62.55B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	12.3B	16.36B	16.34B	21.85B	25.39B	26.74B	24.81B	21.83B	23.99B	26.8B
Cash & Equivalents	2.29B	3.3B	3.43B	3.81B	5.5B	11.74B	8.71B	4.75B	6.21B	7.32B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	0	0	0	0	0	0	0	0	0	0
Other Current Assets	3.09B	3.33B	4.07B	6.93B	8.6B	3.54B	4.09B	4.41B	3.96B	5.82B
Long-Term Investments	3.22B	5.25B	6.93B	7.88B	7.68B	8.27B	8.69B	7.74B	9.38B	8.65B
Goodwill	32.95B	35.98B	36.78B	66.15B	68.72B	70.67B	70.19B	58.5B	59.3B	58.2B
Intangible Assets	82.17B	83.89B	84.58B	105.56B	104.43B	108.09B	105.77B	101.22B	100.08B	97.51B
Other Assets	2.27B	2.77B	4.35B	5.8B	8.87B	8.1B	12.42B	12.5B	12.33B	12.5B
Total Liabilities	111.38B	122.88B	116.65B	177.87B	178.17B	180.85B	177.9B	175.24B	181.34B	179.94B
Total Debt+	52.62B	61.05B	64.56B	111.74B	107.38B	108.93B	100.02B	99.98B	97.09B	99.09B
Net Debt	50.33B	57.74B	61.13B	107.93B	101.88B	97.19B	91.31B	95.23B	90.88B	91.77B
Long-Term Debt	48.99B	55.57B	59.42B	107.34B	102.93B	105.78B	97.89B	98.24B	95.02B	94.19B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	209M	0	446M	2.09B	4.02B	6.47B	6.11B	5.84B	8.22B
Total Current Liabilities+	18.18B	21.54B	21.99B	27.6B	30.29B	28.8B	29.35B	27.89B	40.2B	39.58B
Accounts Payable	6.21B	6.92B	6.91B	8.49B	10.83B	11.36B	12.46B	12.54B	12.44B	11.32B
Accrued Expenses	7.03B	8.01B	8.26B	12.53B	12.25B	11.32B	11.72B	11.22B	13.28B	10.68B
Deferred Revenue	1.3B	1.13B	1.69B	2.18B	2.77B	2.96B	3.04B	2.38B	3.24B	3.51B
Other Current Liabilities	0	0	0	0	0	0	0	0	9.17B	9.17B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	10.64B	10.93B	10.97B	15.33B	16.77B	18.22B	20.62B	20.4B	20.12B	20.94B
Total Equity+	55.2B	57.62B	70.82B	73.82B	85.25B	93.02B	98.01B	82.04B	83.47B	86.27B
Equity Growth %	0.02%	0.04%	0.23%	0.04%	0.15%	0.09%	0.05%	-0.16%	0.02%	0.03%
Shareholders Equity	52.27B	53.94B	68.62B	71.61B	82.73B	90.32B	96.09B	80.94B	82.7B	85.56B
Minority Interest	2.93B	3.68B	2.2B	2.21B	2.52B	2.69B	1.92B	1.09B	764M	714M
Common Stock	29M	56M	55M	54M	54M	54M	54M	51M	48M	47M
Additional Paid-in Capital	38.52B	38.23B	37.5B	37.46B	38.45B	39.46B	40.17B	39.41B	38.53B	38.1B
Retained Earnings	21.41B	23.08B	38.2B	41.98B	50.7B	56.44B	61.9B	51.61B	52.89B	56.97B
Accumulated OCI	-174M	98M	379M	-368M	1.05B	1.88B	1.48B	-2.61B	-1.25B	-2.04B
Return on Assets (ROA)	0.05%	0.05%	0.12%	0.05%	0.05%	0.04%	0.05%	0.02%	0.06%	0.06%
Return on Equity (ROE)	0.15%	0.15%	0.35%	0.16%	0.16%	0.12%	0.15%	0.06%	0.19%	0.19%
Debt / Equity	0.95x	1.06x	0.91x	1.51x	1.26x	1.17x	1.02x	1.22x	1.16x	1.15x
Debt / Assets	0.32%	0.34%	0.34%	0.44%	0.41%	0.4%	0.36%	0.39%	0.37%	0.37%
Net Debt / EBITDA	2.02x	2.19x	2.24x	3.64x	2.97x	3.15x	2.64x	2.61x	2.41x	2.41x
Book Value per Share	10.96	11.32	14.8	15.91	18.49	20.12	21.06	18.52	20.12	22.08

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	18.78B	19.24B	21.4B	24.3B	25.7B	24.74B	29.15B	26.41B	28.5B	27.67B
Operating CF Growth %	0.11%	0.02%	0.11%	0.14%	0.06%	-0.04%	0.18%	-0.09%	0.08%	-0.03%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	8.41B	9.04B	22.9B	11.86B	13.32B	10.7B	13.83B	4.92B	15.11B	15.88B
Depreciation & Amortization	8.68B	9.56B	9.82B	10.68B	12.95B	13.1B	13.8B	13.82B	14.34B	14.8B
Deferred Taxes	958M	1.44B	-10.65B	290M	563M	-550M	1.89B	-834M	-2.74B	-902M
Other Non-Cash Items	380M	250M	78M	940M	397M	-273M	-830M	10.07B	-452M	1.55B
Working Capital Changes	-220M	-1.7B	-1.5B	-297M	-2.56B	566M	-868M	-2.9B	1.01B	-4.94B
Capital Expenditures+	-9.87B	-18.39B	-11.3B	-50.85B	-12.43B	-11.63B	-12.06B	-13.77B	-15.54B	-12.18B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-11.96B	-18.39B	-13.7B	-50.85B	-14.84B	-12.05B	-13.45B	-14.14B	-7.16B	-15.67B
Acquisitions	-1.35B	-3.71B	-532M	-38.68B	-600M	608M	-1.67B	1.64B	524M	0
Purchase of Investments	-784M	-1.7B	-2.29B	-1.26B	-1.9B	-812M	-174M	-2.27B	-1.31B	-1.08B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	0
Other Investing	-9.83B	-12.98B	267M	650M	-12.34B	-11.84B	-11.61B	258M	558M	542M
Cash from Financing+	-8.43B	151M	-7.57B	27.14B	-9.18B	-6.51B	-18.62B	-16.18B	-19.85B	-10.88B
Dividends Paid	-2.44B	-2.6B	-2.88B	-3.35B	-3.73B	-4.14B	-4.53B	-4.74B	-4.77B	-4.81B
Dividend Payout Ratio %	0.3%	0.3%	0.13%	0.29%	0.29%	0.39%	0.32%	0.88%	0.31%	0.3%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K
Stock Issued	36M	23M	0	0	0	0	0	0	0	0
Share Repurchases	-6.75B	-5B	-5.43B	-5.32B	-504M	-534M	-4.67B	-13.33B	-11.29B	-9.1B
Other Financing	-60M	-240M	-2.45B	-550M	-1.24B	-1.71B	-544M	787M	5M	339M
Net Change in Cash+	-1.61B	1.01B	127M	338M	1.68B	6.18B	-2.99B	-4B	1.5B	1.09B
Exchange Rate Effect	0	0	0	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	3.91B	2.29B	3.3B	3.57B	3.91B	5.59B	11.77B	8.78B	4.78B	6.28B
Cash at End	2.29B	3.3B	3.43B	3.91B	5.59B	11.77B	8.78B	4.78B	6.28B	7.38B
Free Cash Flow+	8.91B	855M	10.11B	-26.56B	13.27B	13.1B	17.09B	12.65B	12.96B	15.49B
FCF Growth %	0.06%	-0.9%	10.82%	-3.63%	1.5%	-0.01%	0.3%	-0.26%	0.02%	0.2%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.93%	15.41%	35.37%	16.22%	16.42%	11.82%	14.82%	5.97%	18.6%	19.08%
EBITDA Margin	33.39%	32.77%	32.26%	31.41%	31.45%	29.77%	29.75%	30.01%	30.97%	30.79%
Net Debt / EBITDA	2.02x	2.19x	2.24x	3.64x	2.97x	3.15x	2.64x	2.61x	2.41x	2.41x
Interest Coverage	5.99x	5.75x	5.70x	5.37x	4.66x	3.86x	4.86x	5.81x	5.70x	5.64x
CapEx / Revenue	13.25%	22.87%	13.37%	53.81%	11.41%	11.23%	10.36%	11.34%	12.78%	12.23%
Dividend Payout Ratio	29.85%	29.91%	12.69%	28.57%	28.61%	39.3%	32.01%	88.29%	30.97%	29.73%
Debt / Equity	0.95x	1.06x	0.91x	1.51x	1.26x	1.17x	1.02x	1.22x	1.16x	1.15x
EPS Growth	1.25%	5.56%	177.78%	-46.74%	11.86%	-19.43%	33.33%	-60.2%	206.61%	11.59%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Residential Connectivity And Platforms	-	-	-	-	-	-	-	-	71.95B	71.57B
Residential Connectivity And Platforms Growth	-	-	-	-	-	-	-	-	-	-0.52%
Media	-	-	-	-	-	-	-	23.41B	25.36B	28.15B
Media Growth	-	-	-	-	-	-	-	-	8.33%	11.02%
Studios	-	-	-	-	-	-	-	11.62B	11.63B	11.09B
Studios Growth	-	-	-	-	-	-	-	-	0.03%	-4.58%
Business Services Connectivity	-	-	-	-	-	-	-	-	9.26B	9.7B
Business Services Connectivity Growth	-	-	-	-	-	-	-	-	-	4.82%
Theme Parks	-	-	-	-	-	-	5.05B	7.54B	8.95B	8.62B
Theme Parks Growth	-	-	-	-	-	-	-	49.30%	18.64%	-3.69%
Corporate and Other	766M	750M	1.06B	1.4B	333M	366M	461M	863M	64M	2.98B
Corporate and Other Growth	-	-2.09%	41.33%	32.36%	-76.27%	9.91%	25.96%	87.20%	-92.58%	4559.38%
Intersegment Eliminations	-	-1.99B	-2.05B	-2.39B	-	-3.53B	-	-2.9B	-8.38B	-8.38B
Intersegment Eliminations Growth	-	-	-3.12%	-16.44%	-	-	-	-	-188.77%	0.00%
Cable Communications	46.88B	50.05B	52.52B	55.14B	58.08B	60.05B	64.33B	66.32B	-	-
Cable Communications Growth	-	6.76%	4.94%	5.00%	5.33%	3.39%	7.12%	3.09%	-	-
Sky Limited	-	-	-	4.59B	19.22B	18.59B	20.29B	17.95B	-	-
Sky Limited Growth	-	-	-	-	318.99%	-3.25%	9.09%	-11.53%	-	-
NBCUniversals	28.46B	31.59B	33B	35.76B	33.97B	28.08B	34.32B	-	-	-
NBCUniversals Growth	-	11.00%	4.44%	8.38%	-5.02%	-17.33%	22.21%	-	-	-
Total Intersegment Eliminations And Corporate And Other	-	-	-	-	-2.66B	-	-6.05B	-	-	-
Total Intersegment Eliminations And Corporate And Other Growth	-	-	-	-	-	-	-	-	-	-
Elimination and Consolidation Adjustments	-1.98B	-	-	-	-	-	-	-	-	-
Elimination and Consolidation Adjustments Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	82.23B	82.95B	80.33B	90.93B	96.44B	94.38B	96.24B
UNITED STATES Growth	-	-	-	-	0.87%	-3.16%	13.19%	6.07%	-2.14%	1.97%
Europe	-	-	-	-	21.55B	20.46B	14B	13.38B	13.36B	14.19B
Europe Growth	-	-	-	-	-	-5.07%	-31.58%	-4.42%	-0.12%	6.21%
Other Geographic Locations	-	-	-	-	4.44B	2.78B	11.46B	11.61B	13.83B	13.3B
Other Geographic Locations Growth	-	-	-	-	-	-37.41%	312.68%	1.27%	19.19%	-3.85%
Non-US	-	-	-	12.27B	-	-	-	-	-	-
Non-US Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Comcast Corporation (CMCSA) has a price-to-earnings (P/E) ratio of 6.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Comcast Corporation (CMCSA) reported $123.31B in revenue for fiscal year 2024. This represents a 121% increase from $55.84B in 2011.

Comcast Corporation (CMCSA) grew revenue by 1.8% over the past year. Growth has been modest.

Yes, Comcast Corporation (CMCSA) is profitable, generating $22.61B in net income for fiscal year 2024 (13.1% net margin).

Dividend & Returns

Yes, Comcast Corporation (CMCSA) pays a dividend with a yield of 4.33%. This makes it attractive for income-focused investors.

Comcast Corporation (CMCSA) has a return on equity (ROE) of 19.1%. This is reasonable for most industries.

Comcast Corporation (CMCSA) generated $18.70B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Comcast Corporation (CMCSA) has a dividend payout ratio of 30%. This suggests the dividend is well-covered and sustainable.

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