Comcast CorporationCMCSA
NasdaqGS•Communication Services•Telecom Services
Comcast Corporation operates as a media and technology company worldwide. The company operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. Its Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising. The Business Services Connectivity segment offers connectivity services for small business locations, which include broadband, wireline voice, and wireless services; and ethernet network services for medium-sized customers and larger enterprises. Its Media segment operates NBCUniversal's national and regional cable networks; the NBC and Telemundo broadcast networks and owned local broadcast television stations; and Peacock, a direct-to-consumer streaming services. The company also operates international television networks comprising the Sky Sports networks, as well as other digital properties. Its Studios segment operates NBCUniversal and Sky 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. It also offers a consolidated streaming platforms under the Philadelphia Flyers and the Xfinity Mobile Arena in Philadelphia, Pennsylvania; and Xumo. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.
Comcast Corporation (CMCSA) reported trailing twelve months revenue of $125.28B as of March 2026, a 1.4% increase year-over-year. Quarterly revenue reached $31.46B, reflecting continued top-line momentum.
Comcast Corporation generated $18.60B in TTM net income, with quarterly EBITDA of $8.00B. The operating margin contracted from 18.9% to 13.1%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (13.1%) and net margin (6.9%) indicates moderate non-operating costs. Net margin has narrowed from 11.3% a year ago, reflecting increased costs or interest expense.
CMCSA trades at a P/E of 5.6x (below the broader market average) and a P/S of 0.8x. The price-to-book ratio of 1.2x reflects a moderate premium to book value.
The company generated $4.54B in free cash flow over the trailing twelve months, a 24.9% decrease year-over-year, indicating cash generation ability. The balance sheet shows $260.00B in total assets with $89.22B in long-term debt against $88.27B in stockholders equity for a debt-to-equity ratio of 1.0. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~17.1% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 20.1% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 18.3% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 1.3x on average — earnings are well-supported by cash generation.
D/E ratio is 1.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 7.7% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation