Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Comcast

CMCSA stock analysis · Communication Services · Cable & Satellite

FY 2025-12-31ANNUAL FILINGSMULTIPLE SHARE CLASSES
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained. Issuer-level values span share classes. Reviewed equivalent shares are used when available; the price panel explains the capital basis.
Reference share price · USD
$24.55HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$87.1B

Reviewed economically equivalent common shares; unlisted/other class priced at the displayed class price (proxy). Shares measured 2026-06-30. Approximate; share and price dates can differ. Balance sheet A outstanding excludes 919026355 treasury shares; B is explicitly issued and outstanding though tagged SharesIssued. Charter preserves proportional economic distributions with different votes. Unlisted B is valued at A as a proxy; its substantial voting rights are not priced separately. Review charter changes on refresh.

View share-count filing ↗ · Share-class review ↗
Reviewed debt balance

Reviewed consolidated balance-sheet debt: current debt 5958000000 plus noncurrent debt 92979000000, in USD. Includes current borrowings/current maturities already reported in the current debt line; current borrowings are included once in the capital calculation. Uses debt carrying amounts as presented, including financing leases only where included by the issuer; excludes operating leases and trade/insurance liabilities. This is a book-capital proxy, not fair value or a claim that every other liability is financing debt. Applies only to this reviewed fiscal period. Read the financial statement ↗

Valuation

DCF value

$93.76

Equity cash-flow scenario · Reviewed issuer-equivalent shares at 2026-06-30 · 281.9% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

-24.3%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

276.7%

13 sector peers · median 16.4×

How this is calculated ↗
Valuation

Historical multiples

9.2×

5 annual observations · snapshot P/E 4.4× · -52.9% versus history

How this is calculated ↗
Valuation

Free cash flow yield

25.1%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

9.0%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)

How this is calculated ↗
Valuation

Value composite

93/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

2.4%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-5.2%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

0.9%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 33.6B2020-12-31: cfo $24,737,000,000.002020-12-31: capex $9,179,000,000.0020202021-12-31: cfo $29,146,000,000.002021-12-31: capex $9,174,000,000.0020212022-12-31: cfo $26,413,000,000.002022-12-31: capex $10,626,000,000.0020222023-12-31: cfo $28,501,000,000.002023-12-31: capex $12,242,000,000.0020232024-12-31: cfo $27,673,000,000.002024-12-31: capex $12,181,000,000.0020242025-12-31: cfo $33,643,000,000.002025-12-31: capex $11,750,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$117.61$128.32$139.84
10.0%$86.18$93.76$101.91
12.0%$67.99$73.78$79.98

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-31123.7B19.7B33.6B11.8B272.6B
2024-12-31123.7B15.9B27.7B12.2B266.2B
2023-12-31121.6B15.1B28.5B12.2B264.8B
2022-12-31121.4B4.9B26.4B10.6B257.3B
2021-12-31116.4B13.8B29.1B9.2B275.9B
2020-12-31103.6B10.7B24.7B9.2B273.9B
2019-12-31108.9B13.3B25.7B10B263.4B
2018-12-3194.5B11.9B24.3B9.8B251.7B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue123.7BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-03
netIncome19.7BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-03
Parent/common earnings proxy20BNetIncomeLoss2026-02-03
cfo33.6BNetCashProvidedByUsedInOperatingActivities2026-02-03
capex11.8BPaymentsToAcquirePropertyPlantAndEquipment2026-02-03
operatingIncome20.7BOperatingIncomeLoss2026-02-03
assets272.6BAssets2026-02-03
equity96.9BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-03
Parent book equity proxy96.9BStockholdersEquity2026-02-03
debt98.9BReviewed manual correction
Reviewed consolidated balance-sheet debt: current debt 5958000000 plus noncurrent debt 92979000000, in USD. Includes current borrowings/current maturities already reported in the current debt line; current borrowings are included once in the capital calculation. Uses debt carrying amounts as presented, including financing leases only where included by the issuer; excludes operating leases and trade/insurance liabilities. This is a book-capital proxy, not fair value or a claim that every other liability is financing debt. Applies only to this reviewed fiscal period.
2026-02-03
shortDebtNot reported under a supported tag
cash9.5BCashAndCashEquivalentsAtCarryingValue2026-02-03
shares3.7BWeightedAverageNumberOfDilutedSharesOutstanding2026-02-03
dividends4.9BPaymentsOfDividends2026-02-03
buybacks7.2BPaymentsForRepurchaseOfCommonStock2026-02-03
issuanceNot reported under a supported tag