Upside case
Bull case
$34+28.5%
CMCSA would need investors to value it at roughly 10x earnings — about 2x more generous than today's 7x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Comcast Corporation (CMCSA) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
60
analysts
34 bullish · 1 bearish · 60 covering CMCSA
Strong Buy
0
Buy
34
Hold
25
Sell
1
Strong Sell
0
Consensus Target
$32
+20.4% vs today
Scenario Range
$17 – $34
Model bear to bull value window
Coverage
60
Published analyst ratings
Valuation Context
7.5x
Forward P/E · Market cap $96.4B
CMCSA price targets
Three scenarios for where CMCSA stock could go
Current
~$26
Confidence
61 / 100
Updated
May 1, 2026
Where we are now
Current · $26
Bear
$17
Base
$25
Bull
$34
Market caseClosest to today
Base case
$25-5.1%
This is close to how the market is already pricing CMCSA — at roughly 7x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$17-35.5%
If investor confidence fades or macro conditions deteriorate, a 3x multiple contraction could push CMCSA down roughly 36% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Comcast Corporation
CMCSA · NASDAQCommunication ServicesTelecommunications ServicesDecember year-end
Comcast is a massive media and telecommunications conglomerate that operates cable broadband networks, produces entertainment content, and runs theme parks. It generates revenue primarily from cable communications (broadband, video, and voice services — roughly 60% of total), media and streaming platforms like NBC and Peacock, and its Universal theme parks business. The company's key advantage is its extensive last-mile cable infrastructure — a natural monopoly in many markets — combined with vertical integration across content creation, distribution, and entertainment experiences.
Market Cap
$96.4B
Revenue TTM
$125.3B
Net Income TTM
$18.6B
Net Margin
14.8%
CMCSA Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
83%Exceptional
vs consensus estimates
Avg EPS Surprise
+9.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$1.25/$1.16
Revenue
$30.3B/$29.8B
Q4 2025
EPS
$1.12/$1.03
Revenue
$31.2B/$30.7B
Q1 2026
EPS
$0.84/$0.73
Revenue
$32.3B/$32.3B
Q2 2026
EPS
$0.79/$0.72
Revenue
$31.5B/$30.4B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.25/$1.16 | +7.8% | $30.3B/$29.8B | +1.7% |
| Q4 2025 | $1.12/$1.03 | +8.7% | $31.2B/$30.7B | +1.6% |
| Q1 2026 | $0.84/$0.73 | +15.2% | $32.3B/$32.3B | -0.1% |
| Q2 2026 | $0.79/$0.72 | +9.0% | $31.5B/$30.4B | +3.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$124.1B
-1.0% YoY
FY2
$124.6B
+0.5% YoY
EPS Outlook
FY1
$4.53
-11.9% YoY
FY2
$5.11
+12.9% YoY
Trailing FCF (TTM)$18.1B
FCF Margin: 14.5%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
CMCSA beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
CMCSA Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $123.7B
Product Mix
Latest annual revenue by segment or product family
Residential Connectivity And Platforms Segment
57.2%
-1.2% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
76.9%
-1.1% YoY
Tap, hover, or focus a slice to inspect segment detail.
Residential Connectivity And Platforms Segment is the largest disclosed segment at 57.2% of FY 2025 revenue, down 1.2% YoY.
UNITED STATES is the largest reported region at 76.9%, down 1.1% YoY.
CMCSA Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $55 — implies +101.6% from today's price.
Upside to Fair Value
101.6%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
CMCSA
4.9x
vs
S&P 500
25.1x
80% discount
vs Communication Services Trailing P/E
CMCSA
4.9x
vs
Communication Services
15.0x
67% discount
vs CMCSA 5Y Avg P/E
Today
4.9x
vs
5Y Average
14.4x
66% discount
Forward PE
7.5x
S&P 500
19.1x
-61%
Communication Services
13.0x
-42%
5Y Avg
—
—
Trailing PE
4.9x
S&P 500
25.1x
-80%
Communication Services
15.0x
-67%
5Y Avg
14.4x
-66%
PEG Ratio
0.26x
S&P 500
1.72x
-85%
Communication Services
0.74x
-65%
5Y Avg
—
—
EV/EBITDA
5.4x
S&P 500
15.2x
-65%
Communication Services
8.4x
-36%
5Y Avg
7.2x
-25%
Price/FCF
4.4x
S&P 500
21.1x
-79%
Communication Services
11.8x
-63%
5Y Avg
10.9x
-60%
Price/Sales
0.8x
S&P 500
3.1x
-75%
Communication Services
1.0x
-20%
5Y Avg
1.4x
-43%
Dividend Yield
5.09%
S&P 500
1.87%
+172%
Communication Services
3.45%
+47%
5Y Avg
3.08%
+65%
| Metric | CMCSA | S&P 500 | Communication Services | 5Y Avg CMCSA |
|---|---|---|---|---|
| Forward PE | 7.5x | 19.1x-61% | 13.0x-42% | — |
| Trailing PE | 4.9x | 25.1x-80% | 15.0x-67% | 14.4x-66% |
| PEG Ratio | 0.26x | 1.72x-85% | 0.74x-65% | — |
| EV/EBITDA | 5.4x | 15.2x-65% | 8.4x-36% | 7.2x-25% |
| Price/FCF | 4.4x | 21.1x-79% | 11.8x-63% | 10.9x-60% |
| Price/Sales | 0.8x | 3.1x-75% | 1.0x-20% | 1.4x-43% |
| Dividend Yield | 5.09% | 1.87% | 3.45% | 3.08% |
CMCSA trades above S&P 500 benchmarks on 0 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolCMCSA Financial Health
Verdict
Exceptional
CMCSA earns 15.3% operating margin on regulated earnings, 5.1% dividend yield. Utilities carry higher leverage than industrials as a structural feature of the business model.
Regulated Operations
Revenue, regulated margins, and earnings
Revenue (TTM)
Trailing-twelve-month sales base
$125.3B
Revenue Growth
TTM vs prior year
+1.4%
Operating Margin
Operating income divided by revenue
15.3%
Net Margin
Net income divided by revenue
14.8%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$5.14
Operating Margin
Operating income over revenue — primary regulated earnings signal
15.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
8.2%
ROA
Return on assets, trailing twelve months
6.9%
Cash & Equivalents
Liquid assets on the balance sheet
$9.5B
Net Debt
Total debt minus cash
$101.0B
Debt Serviceability
Net debt as a multiple of annual free cash flow
5.6× FCF
Regulated utilities typically operate at 3–5× net debt/FCF — this is structural, not a risk flag.
ROE
Return on equity, trailing twelve months
19.5%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
12.5%
Dividend
5.1%
Buyback
7.4%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$7.2B
Dividend / Share
Annualized trailing dividend per share
$1.35
Payout Ratio
Share of earnings distributed as dividends
24.7%
Shares Outstanding
Declining as buybacks retire shares
3.6B
All figures from the trailing twelve months. Utilities operate with structural leverage (3–5× net debt/FCF) due to regulated, predictable cash flows.
Open full ratios pageCMCSA Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Heavy Debt Burden
Comcast carries a significant amount of debt, making it vulnerable to rising interest rates that could increase debt servicing costs and strain its financials. The company’s leverage limits flexibility for new investments and could pressure cash flow.
High Risk
Decreasing Cable Revenue
Traditional cable television revenue is declining as audiences shift to streaming services. This trend reduces the entry point for Comcast’s internet and phone services, negatively impacting overall revenue mix.
Medium
Streaming Subscriber Stagnation
Comcast must continuously innovate in the dynamic streaming landscape to retain and attract subscribers. Competitors may offer more diverse content and personalized experiences, threatening Peacock’s growth.
Medium
Broadband Competition
Comcast faces increased competition in the broadband market from fiber providers and fixed wireless access (FWA) services, leading to subscriber losses and pricing pressure.
Medium
Cybersecurity Threats
Comcast is a target for phishing, ransomware, and DDoS attacks. The increasing sophistication of these threats, often amplified by AI, poses a significant risk to operations and customer data.
Lower
Technological Disruption
The company must adapt to rapid technological changes and innovation challenges within the media and communication sectors. Failure to keep pace could erode competitive advantage.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why CMCSA Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Undervalued Multiples & DCF Upside
Comcast trades at a low P/E of 5.20‑5.25 and an attractive EV/EBITDA, suggesting it is below intrinsic value. DCF models project a fair‑value price that could be 65.1% higher than the current share price, indicating significant upside.
Broadband & Wireless Revenue Growth
Broadband remains resilient with revenue growth driven by higher average revenue per user (ARPU). The wireless segment posted a 17% revenue increase in Q4, underscoring strong demand for its services.
Peacock Streaming Cash Machine
Peacock is positioned as a cash generator, with robust cash‑flow projections and improved monetization. Its scale and subscriber base are expected to offset investment costs and boost overall revenue.
Strong Media & Theme Park Performance
Media segments benefit from resilient content categories such as sports and news, while theme parks see higher attendance and guest spending. These dynamics support sustained earnings growth across the portfolio.
Robust Free Cash Flow & Dividend Growth
Comcast projects over $15 billion in free cash flow annually, enabling continued dividend increases—18 consecutive years—and a 4.7% yield. The healthy payout ratio signals sustainable shareholder returns.
Spin‑off of Legacy Cable Networks Catalyst
The planned spin‑off of legacy linear cable networks into Versant Media Group is expected to unlock value by removing an overhang that has weighed on valuation. This corporate action could drive a significant share price lift.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
CMCSA Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$26.46
52W Range Position
7%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$25.75
+2.8% from the low
52-Week High
$36.66
-27.8% from the high
1 Month
-4.34%
3 Month
-14.23%
YTD
-10.4%
1 Year
-23.2%
3Y CAGR
-13.2%
5Y CAGR
-14.0%
10Y CAGR
-1.4%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
CMCSA vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
7.5x
vs 6.7x median
+13% above peer median
Revenue Growth
-1.0%
vs +0.4% median
-363% below peer median
Net Margin
14.8%
vs 9.4% median
+58% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
CMC CMCSA Comcast Corporation | $96.4B | 7.5x | -1.0% | 14.8% | Buy | +20.4% |
CHT CHTR Charter Communications, Inc. | $20.0B | 3.8x | +0.4% | 9.4% | Buy | +75.3% |
T T AT&T Inc. | $181.1B | 11.2x | +1.4% | 16.9% | Hold | +13.5% |
VZ VZ Verizon Communications Inc. | $199.7B | 9.6x | +2.6% | 12.4% | Hold | +8.9% |
CAB CABO Cable One, Inc. | $359M | 2.7x | -3.0% | -17.7% | Hold | +26.4% |
WOW WOW WideOpenWest, Inc. | $446M | — | -6.4% | -13.2% | Hold | — |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
CMCSA Dividend and Capital Return
CMCSA returns 12.5% annually — 5.09% through dividends and 7.4% through buybacks.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
12.5%
Dividend + buyback return per year
Buyback Yield
7.4%
Dividend Yield
5.09%
Payout Ratio
24.7%
How CMCSA Splits Its Return
Div 5.09%
Buyback 7.4%
Dividend 5.09%Buybacks 7.4%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.35
Growth Streak
Consecutive years of dividend increases
18Y
3Y Div CAGR
8.8%
5Y Div CAGR
8.7%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$7.2B
Estimated Shares Retired
270M
Approx. Share Reduction
7.4%
Shares Outstanding
Current diluted share count from the screening snapshot
3.6B
At 7.4%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.66 | — | — | — |
| 2025 | $1.28 | +12.0% | 6.6% | 11.1% |
| 2024 | $1.14 | +7.0% | 6.2% | 9.5% |
| 2023 | $1.07 | +7.5% | 6.2% | 8.8% |
| 2022 | $0.99 | +8.2% | 8.6% | 11.7% |
FAQ
7 questionsCMCSA Investor Questions
Common questions answered from live analyst data and company financials.
01Is Comcast Corporation (CMCSA) stock a buy or sell in 2026?
Comcast Corporation (CMCSA) is rated Buy by Wall Street analysts as of 2026. Of 60 analysts covering the stock, 34 rate it Buy or Strong Buy, 25 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $32, implying +20.4% from the current price of $26. The bear case scenario is $17 and the bull case is $34.
02What is the CMCSA stock price target for 2026?
The Wall Street consensus price target for CMCSA is $32 based on 60 analyst estimates. The high-end target is $38 (+43.6% from today), and the low-end target is $23 (-13.1%). The base case model target is $25.
03Is Comcast Corporation (CMCSA) stock overvalued in 2026?
CMCSA trades at 7.5x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Comcast Corporation (CMCSA) stock in 2026?
The primary risks for CMCSA in 2026 are: (1) Heavy Debt Burden — Comcast carries a significant amount of debt, making it vulnerable to rising interest rates that could increase debt servicing costs and strain its financials. (2) Decreasing Cable Revenue — Traditional cable television revenue is declining as audiences shift to streaming services. (3) Streaming Subscriber Stagnation — Comcast must continuously innovate in the dynamic streaming landscape to retain and attract subscribers. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Comcast Corporation's revenue and earnings forecast?
Analyst consensus estimates CMCSA will report consensus revenue of $124.1B (-1.0% year-over-year) and EPS of $4.53 (-11.9% year-over-year) for the upcoming fiscal year. The following year, analysts project $124.6B in revenue.
06When does Comcast Corporation (CMCSA) report its next earnings?
A confirmed upcoming earnings date for CMCSA is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Comcast Corporation generate?
Comcast Corporation (CMCSA) generated $18.1B in free cash flow over the trailing twelve months — a free cash flow margin of 14.5%. CMCSA returns capital to shareholders through dividends (5.1% yield) and share repurchases ($7.2B TTM).