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CMCSA

Comcast Corporation

CMCSA

Comcast Corporation • NASDAQ
$26.69 ▲ 0.45% (+0.12)
Market Cap $97.26 B
52w High $43.45
52w Low $25.75
Dividend Yield 1.30%
P/E 4.43
Volume 13.63M
Outstanding Shares 3.64B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $31.197B ▲ $12.99B ▲ $3.332B ▼ 10.681% ▼ $0.89 ▼ $9.616B ▼
Q2-2025 $30.313B ▲ $12.59B ▲ $11.123B ▲ 36.694% ▲ $2.99 ▲ $19.907B ▲
Q1-2025 $29.887B ▼ $11.964B ▼ $3.375B ▼ 11.293% ▼ $0.9 ▼ $9.392B ▲
Q4-2024 $31.915B ▼ $13.062B ▲ $4.777B ▲ 14.968% ▲ $1.24 ▲ $8.475B ▼
Q3-2024 $32.07B $12.117B $3.629B 11.316% $0.94 $9.734B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $9.325B ▼ $272.995B ▼ $175.579B ▼ $97.081B ▲
Q2-2025 $9.714B ▲ $273.85B ▲ $176.392B ▼ $96.851B ▲
Q1-2025 $8.593B ▲ $267.77B ▲ $180.47B ▲ $86.638B ▲
Q4-2024 $7.322B ▼ $266.211B ▼ $179.937B ▼ $85.56B ▼
Q3-2024 $8.814B $269.871B $183.329B $85.774B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.332B ▼ $8.693B ▲ $-3.817B ▲ $-5.243B ▼ $-362M ▼ $5.622B ▲
Q2-2025 $11.044B ▲ $7.815B ▼ $-4.945B ▼ $-1.806B ▲ $1.096B ▼ $5.136B ▼
Q1-2025 $3.296B ▼ $8.294B ▲ $-2.958B ▲ $-4.075B ▲ $1.275B ▲ $6.042B ▲
Q4-2024 $4.685B ▲ $8.08B ▲ $-5.111B ▼ $-4.424B ▼ $-1.501B ▼ $4.166B ▲
Q3-2024 $3.487B $7.021B $-3.68B $-642M $2.737B $3.406B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Business Services Connectivity Segment
Business Services Connectivity Segment
 $2.45Bn ▲$2.50Bn ▲$2.58Bn ▲$2.58Bn ▲
Corporate and Other
Corporate and Other
 $2.21Bn ▲$750.00M ▼$720.00M ▼$750.00M ▲
Intersegment Eliminations
Intersegment Eliminations
 $-2220.00M ▲$-2150.00M ▲$-50.00M ▲$-60.00M ▼
Media Segment
Media Segment
 $7.22Bn ▲$6.44Bn ▼$6.44Bn ▲$6.59Bn ▲
Residential Connectivity And Platforms Segment
Residential Connectivity And Platforms Segment
 $18.02Bn ▲$17.64Bn ▼$17.81Bn ▲$17.60Bn ▼
Studios Segment
Studios Segment
 $3.27Bn ▲$2.83Bn ▼$2.43Bn ▼$3.00Bn ▲
Theme Parks
Theme Parks
 $2.37Bn ▲$1.88Bn ▼$2.35Bn ▲$2.72Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Comcast’s revenue has inched up over the past five years, showing steady rather than spectacular growth. Profitability at the operating level has been consistently solid, with operating profit rising over time as the company keeps a firm grip on costs. The one clear blemish is a notable earnings dip a few years ago, likely tied to one‑off items or restructuring, but net income has since recovered strongly and now sits well above pre‑dip levels. Overall, the income statement reflects a mature, diversified business that generates dependable profits with modest growth, rather than a fast‑growing disruptor.

Balance Sheet

Balance Sheet The balance sheet shows a very large, asset‑heavy company with meaningful but manageable debt. Total assets have stayed broadly stable, suggesting no major balance‑sheet shock. Debt levels are high in absolute terms, which is typical for a cable and media company, but they have edged down over time instead of rising, a positive sign. Shareholders’ equity has gradually increased, indicating that retained profits are building the company’s capital base. Cash on hand is not excessive, but steady cash generation helps offset this. Overall, the balance sheet looks robust but clearly levered, which makes ongoing cash generation and interest costs important to watch.

Cash Flow

Cash Flow Comcast generates strong and reliable cash from its core operations, which is one of its key financial strengths. After funding network and content investments, the company still produces healthy free cash flow, and that free cash flow has improved recently as capital spending has eased a bit from a prior peak. The pattern suggests a business that can comfortably fund its infrastructure upgrades, content, and shareholder returns without stretching its finances. The main sensitivity is that this cash engine needs to keep running smoothly to support the sizable debt load and ongoing investment needs.

Competitive Edge

Competitive Edge Comcast holds a powerful position in U.S. connectivity and media, built on a hard‑to‑replicate physical network and a huge customer base. Its broadband footprint covers a large portion of U.S. homes and businesses, creating high barriers to entry because building competing networks is extremely expensive and time‑consuming. The company also benefits from strong brand recognition under the Xfinity and NBCUniversal names, and from scale advantages when buying content, investing in technology, and marketing. Its mix of broadband, mobile, TV, streaming, business services, and theme parks spreads risk across several businesses. The main competitive pressures come from fiber builders, wireless home internet, and intense streaming competition, but Comcast’s scale and infrastructure give it meaningful defensive strength.

Innovation and R&D

Innovation and R&D Innovation is a core part of Comcast’s strategy, focused more on network upgrades, platforms, and software than on classic lab research. The company is rolling out next‑generation cable technology to deliver multi‑gigabit speeds over its existing network, a cost‑effective way to keep up with or rival fiber offerings. It is also embedding artificial intelligence into network management and customer tools, aiming for more reliable service and better support with fewer human interventions. On the product side, Comcast continues to evolve its X1 and Flex platforms, the Xumo streaming devices, and the Peacock streaming service, trying to tie together live TV, on‑demand, and apps in a single experience. It is also pushing deeper into cybersecurity, mobile, smart home, and business solutions. Future success will depend on how well these innovations translate into customer loyalty, lower churn, and new revenue streams.

Summary

Overall, Comcast looks like a mature, cash‑generative infrastructure and media company with solid, if unspectacular, growth. Its income statement shows steady revenue and resilient profitability, with past earnings volatility largely behind it. The balance sheet is sizable and leveraged but appears stable, supported by strong operating cash flows and gradually declining debt. The company’s entrenched network, broad product ecosystem, and brand strength give it a substantial competitive moat, though it still faces ongoing threats from new broadband technologies and crowded streaming markets. Its continued investment in faster networks, AI‑driven operations, and integrated entertainment platforms is designed to defend and extend this position. For observers, the key things to monitor are: the pace and cost of network upgrades, the stability of broadband cash flows, the path to stronger streaming economics, and continued discipline around debt and capital spending.

NEWS

November 24, 2025 · 10:00 AM UTC

Comcast Business Unveils Powerful New Suite of Solutions and Upgrades for Millions of American Small Businesses

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November 19, 2025 · 8:05 AM UTC

Reliable, High-Speed Internet from Xfinity Now Available to 10,000 Additional Homes and Businesses in Blair County, PA

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November 18, 2025 · 10:00 AM UTC

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November 18, 2025 · 9:30 AM UTC

Comcast Commits $2.5 Million to Expand Digital Opportunity in Rural Communities Across the Country

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November 18, 2025 · 8:00 AM UTC

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