Comcast Corporation
- Growing?
- No: revenue down 6% on a year earlier (quarter ended Sep 2026); earnings per share down 48% over the last four quarters.
- Expensive?
- Cheaper than usual: 7.9× trailing earnings; its five-year median is 10.8×. Priced 34% below the peer median of 12x.
- Analysts?
- 33% of 27 say buy; average 12-month target $27.98, 13% above today's price.
- Risky?
- About average for a large company: its price swung 33% over the past year (the S&P 500's 14%), and it fell as much as 59% since Nov 2021.
Comcast Corporation is a media and technology company whose core operations include broadband Internet, video, and voice services (primarily under the Xfinity and Comcast Business brands) plus media/entertainment businesses (including NBCUniversal), monetized mainly through recurring subscriptions, advertising, and content licensing.
More about Comcast
It also provides connectivity and related services to business customers via Comcast Business.
Market Position
Comcast is one of the largest U.S. cable broadband providers with extensive last‑mile network infrastructure, competing primarily with telecom fiber and fixed wireless broadband offerings as well as other video and streaming distributors. Its scale in connectivity plus owned content and distribution across TV, film, streaming, and theme parks supports cross-promotion and bundled offers.
Key Segments
Comcast primarily reports through Connectivity & Platforms (residential and business connectivity, video, voice, and related offerings) and Content & Experiences (NBCUniversal media, studios, streaming, and theme parks/experiences).
How has the stock done?
Over the past month CMCSA rose 19.9%; the communication services ETF (XLC) fell 3.5% and the S&P 500 fell 2.7%.
Over the past six months CMCSA fell 0.4%; the communication services ETF (XLC) fell 7.2% and the S&P 500 rose 2.6%.
Over the past year CMCSA fell 5.1%; the communication services ETF (XLC) fell 5.3% and the S&P 500 rose 10.8%.
Over five years CMCSA fell 50.5%; the communication services ETF (XLC) rose 32.4% and the S&P 500 rose 62.0%.
From Nov 10, 2021 to Oct 9, 2026, the deepest drop from a high since Nov 2021
How much the price swings in a year; the S&P 500's was 14%
When the S&P 500 moves 1%, the stock has moved about 0.0% the other way
Show the earnings releases
| Released | Quarter | Revenue | EPS vs estimate | Stock, day after | 5 days after |
|---|---|---|---|---|---|
| Oct 22, 2026 | ended Sep 2026 | $29.3B (−6% vs a year earlier) | $1.07 vs $0.99 (beat) | +2.8% | +0.9% |
| Jul 23, 2026 | ended Jun 2026 | $29.9B (−1% vs a year earlier) | $1.04 vs $0.97 (beat) | −5.2% | +0.6% |
| Apr 23, 2026 | ended Mar 2026 | $31.5B (+5% vs a year earlier) | $0.79 vs $0.73 (beat) | −6.2% | −7.9% |
| Jan 29, 2026 | ended Dec 2025 | $32.3B (+1% vs a year earlier) | $0.84 vs $0.76 (beat) | +4.7% | +8.6% |
| Oct 30, 2025 | ended Sep 2025 | $31.2B (−3% vs a year earlier) | — | −2.4% | −4.3% |
| Jul 31, 2025 | ended Jun 2025 | $30.3B (+2% vs a year earlier) | — | +0.1% | −2.6% |
| Apr 24, 2025 | ended Mar 2025 | $29.9B (−1% vs a year earlier) | — | −1.7% | −1.9% |
| Jan 30, 2025 | ended Dec 2024 | $31.9B (+2% vs a year earlier) | — | −9.9% | −7.7% |
| Oct 31, 2024 | ended Sep 2024 | $32.1B (+6% vs a year earlier) | — | +3.1% | +4.6% |
| Jul 23, 2024 | ended Jun 2024 | $29.7B (−3% vs a year earlier) | — | −3.6% | +3.2% |
| Apr 25, 2024 | ended Mar 2024 | $30.1B (+1% vs a year earlier) | — | −4.1% | −4.6% |
| Jan 25, 2024 | ended Dec 2023 | $31.3B (+2% vs a year earlier) | — | +5.6% | +6.7% |
| Oct 26, 2023 | ended Sep 2023 | $30.1B (+1% vs a year earlier) | — | −7.3% | −0.6% |
| Jul 27, 2023 | ended Jun 2023 | $30.5B (+2% vs a year earlier) | — | +5.4% | +5.3% |
| Apr 27, 2023 | ended Mar 2023 | $29.7B (−4% vs a year earlier) | — | +13.3% | +10.1% |
| Jan 26, 2023 | ended Dec 2022 | $30.6B (+1% vs a year earlier) | — | −1.2% | +2.5% |
| Oct 27, 2022 | ended Sep 2022 | $29.8B (−1% vs a year earlier) | — | +1.4% | −3.6% |
| Jul 28, 2022 | ended Jun 2022 | $30.0B (+5% vs a year earlier) | — | −13.5% | −10.2% |
| Apr 28, 2022 | ended Mar 2022 | $31.0B (+14% vs a year earlier) | — | −10.6% | −9.2% |
| Jan 27, 2022 | ended Dec 2021 | $30.3B (+9% vs a year earlier) | — | +2.6% | +2.4% |
Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.
Is the business growing?
Revenue was $29.3B in the quarter ended Sep 2026, down 6% from a year earlier.
Show the data
| Quarter ended | Revenue | vs a year earlier |
|---|---|---|
| Dec 2022 | $30.6B | +1% |
| Mar 2023 | $29.7B | −4% |
| Jun 2023 | $30.5B | +2% |
| Sep 2023 | $30.1B | +1% |
| Dec 2023 | $31.3B | +2% |
| Mar 2024 | $30.1B | +1% |
| Jun 2024 | $29.7B | −3% |
| Sep 2024 | $32.1B | +6% |
| Dec 2024 | $31.9B | +2% |
| Mar 2025 | $29.9B | −1% |
| Jun 2025 | $30.3B | +2% |
| Sep 2025 | $31.2B | −3% |
| Dec 2025 | $32.3B | +1% |
| Mar 2026 | $31.5B | +5% |
| Jun 2026 | $29.9B | −1% |
| Sep 2026 | $29.3B | −6% |
Revenue went from $121.4B in FY22 to $123.7B in FY25; net income from $5.4B to $20.0B.
Show the data
| Fiscal year | Revenue | Net income |
|---|---|---|
| FY22 | $121.4B | $5.4B |
| FY23 | $121.6B | $15.4B |
| FY24 | $123.7B | $16.2B |
| FY25 | $123.7B | $20.0B |
In the fiscal year to Dec 2025, United States was 77% and United Kingdom was 12% of revenue.
Show the data
| Fiscal year | Part | Revenue | Share |
|---|---|---|---|
| FY2023 | United States | $94.4B | 78% |
| FY2023 | United Kingdom | $13.4B | 11% |
| FY2023 | Other | $13.8B | 11% |
| FY2024 | United States | $96.2B | 78% |
| FY2024 | United Kingdom | $14.2B | 11% |
| FY2024 | Other | $13.3B | 11% |
| FY2025 | United States | $95.1B | 77% |
| FY2025 | United Kingdom | $15.2B | 12% |
| FY2025 | Other | $13.4B | 11% |
A year earlier $0.90
Diluted, from SEC filings
Quarters: Comcast Corporation's SEC filings, named by the month they end. Fiscal years: Comcast Corporation's annual reports to the SEC.
How it makes money
Of every $100 in revenue, $16.2 ends up as net income. Net margin rose from 4.4% to 16.2% over the past 3 years.
+3.2 pts over 3 years
+5.1 pts over 3 years
+11.7 pts over 3 years
Each margin is that line of the income statement divided by revenue. Fiscal year: Comcast Corporation's annual reports to the SEC.
How much does it spend on building?
Comcast spent $12.1B on property and equipment in the four quarters to Sep 2026, 9.8% of its revenue, against 9.7% a year earlier. That is 38% of the cash its operations brought in.
Up 1.2% on the four quarters before
9.7% a year earlier
$31.7B over the same four quarters
Show the data
| Quarter ended | Capital spending | Revenue | Cash from operations | Share of revenue, four quarters |
|---|---|---|---|---|
| Dec 2023 | $3.3B | $31.3B | $5.9B | 10.1% |
| Mar 2024 | $2.6B | $30.1B | $7.8B | 10.0% |
| Jun 2024 | $2.7B | $29.7B | $4.7B | 9.9% |
| Sep 2024 | $2.9B | $32.1B | $7.0B | 9.4% |
| Dec 2024 | $3.9B | $31.9B | $8.1B | 9.8% |
| Mar 2025 | $2.3B | $29.9B | $8.3B | 9.6% |
| Jun 2025 | $2.7B | $30.3B | $7.8B | 9.5% |
| Sep 2025 | $3.1B | $31.2B | $8.7B | 9.7% |
| Dec 2025 | $3.7B | $32.3B | $8.8B | 9.5% |
| Mar 2026 | $2.4B | $31.5B | $6.9B | 9.5% |
| Jun 2026 | $2.9B | $29.9B | $8.1B | 9.7% |
| Sep 2026 | $3.1B | $29.3B | $7.9B | 9.8% |
From Comcast Corporation's SEC filings: payments for property and equipment by quarter (networks, data centers, buildings; software built for its own use where the company counts it in), the fourth quarter being the year minus nine months; the share is the four quarters' spending over their revenue.
Customers and suppliers
In its latest annual report Comcast buys from Verizon, T-Mobile US, NBA and 2 more.
Their suppliers
Suppliers
CMCSAComcast
Their customers
Partners
Disney DISStreaming service included in video packages
Netflix NFLXStreaming service included in video packages
Charter Communications CHTRCo-owns Xumo streaming platform joint ventureChanges since the previous annual report (10-K filed Jan 31, 2025)
T-Mobile US TMUSWas a customer, now a supplierShow the filing's words
| Company | Role | In the filing's words |
|---|---|---|
| Verizon | supplier | “Offering domestic wireless services using an MVNO agreement that allows us to offer services using Verizon’s wireless network along with our existing network of Wi-Fi hotspots across our network.” |
| T-Mobile US | supplier | “In 2026, our domestic wireless services offered to business customers will also begin using T-Mobile’s wireless network under an MVNO agreement.” |
| Disney | partner · distribution deal with it | “Our video packages range from a basic to full linear service and typically include free-to-air networks, a variety of other linear television networks including premium, sports and news networks, and certain direct-to-consumer streaming services (“DTC streaming services”) such as Peacock, Disney+ and Netflix.” |
| Netflix | partner · distribution deal with it | “Our video packages range from a basic to full linear service and typically include free-to-air networks, a variety of other linear television networks including premium, sports and news networks, and certain direct-to-consumer streaming services (“DTC streaming services”) such as Peacock, Disney+ and Netflix.” |
| Charter Communications | partner · joint venture with it | “Our other business interests reported in Corporate and Other consist primarily of our Sky-branded video services and television networks in Germany; Comcast Spectacor, which owns the Philadelphia Flyers and the Xfinity Mobile Arena in Philadelphia, Pennsylvania; and Xumo, our consolidated streaming platform joint venture with Charter Communications.” |
| Atairos | partner · Comcast invested in it | “We are the only third-party investor in Atairos....Our economic interests do not carry voting rights and obligate us to absorb approximately 99% of any losses and they provide us the right to receive approximately 86% of any residual returns in Atairos, in either case on a cumulative basis.” |
| NBA | supplier | “We have multiyear agreements for television and/or streaming rights of sporting events, such as for the NBA, the NFL, the Olympics and the English Premier League, which represent the substantial majority of our programming and production obligations.” |
| English Premier League | supplier | “We have multiyear agreements for television and/or streaming rights of sporting events, such as for the NBA, the NFL, the Olympics and the English Premier League, which represent the substantial majority of our programming and production obligations.” |
| Universal Beijing Resort | partner · joint venture with it | “We own a 30% interest in Universal Beijing Resort and the construction was funded through a combination of debt financing and equity contributions from the partners in accordance with their equity interests.” |
| Diamond Lane Productions | supplier | “Amendment to the Consultant Agreement, dated as of October 18, 2009, between Steven Spielberg, Diamond Lane Productions, Inc. and Universal City Development Partners, Ltd. (incorporated by reference to Exhibit 10.52 to the Registration Statement on Form S-4 of Universal City Development Partners, Ltd. and UCDP Finance, Inc. filed on January 20, 2010 (File No. 333-164431)).” |
| AMC Entertainment Holdings (10-K filed Feb 23, 2026) | calls it a supplier | “During the year ended December 31, 2025, films licensed from our seven largest movie studio distributors based on revenues accounted for approximately 83% of our U.S. admissions revenues, which consisted of Disney, Warner Bros., Universal, Sony, Paramount, 20th Century Studios, and Lionsgate Films.” |
| Quanta Services (10-K filed Feb 19, 2026) | calls it a customer | “l Comcast Corporation l NiSource, Inc.” |
| T-Mobile US (10-K filed Feb 11, 2026) | calls it a supplier | “On January 13, 2025, we and Comcast entered into an amendment to the Comcast License Purchase Agreement, pursuant to which we will acquire additional spectrum. Subsequent to the amendment, the total cash consideration for the transaction is between $1.2 billion and $3.4 billion.” |
| Verizon (10-K filed Feb 17, 2026) | calls it a customer | “We also compete for retail activations with resellers that buy bulk wholesale service from wireless service providers, including Verizon, and resell it to their customers. Resellers include cable companies, such as Comcast Corporation and Charter Communications, Inc., and others.” |
Only the companies Comcast names in its 10-K filed Feb 3, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.
Is it expensive?
P/E of 7.9x, below the peer median of 12x, with earnings still growing.
Priced 34% below the peer median of 12x.
Show the data
| Company | P/E (trailing) |
|---|---|
| TMUS · T-Mobile US, Inc. | 16.5× |
| CHTR · Charter Communications, Inc. | 12.5× |
| T · AT&T Inc. | 12× |
| VZ · Verizon Communications Inc. | 11.9× |
| CMCSA · Comcast Corporation | 7.9× |
| SATS · EchoStar Corporation | 3.6× |
At 7.9× trailing earnings CMCSA is below most of its five-year range; the five-year median is 10.8×.
Show the data
| Date | Trailing P/E |
|---|---|
| Nov 8, 2021 | 17.3× |
| Feb 8, 2022 | 16.2× |
| May 10, 2022 | 13.0× |
| Aug 10, 2022 | 12.7× |
| Nov 8, 2022 | 27.7× |
| Feb 9, 2023 | 31.6× |
| May 11, 2023 | 30.4× |
| Aug 11, 2023 | 28.9× |
| Nov 9, 2023 | 11.3× |
| Feb 12, 2024 | 11.5× |
| May 13, 2024 | 10.5× |
| Aug 13, 2024 | 10.4× |
| Nov 11, 2024 | 11.9× |
| Feb 13, 2025 | 8.5× |
| May 15, 2025 | 8.7× |
| Aug 15, 2025 | 5.5× |
| Nov 13, 2025 | 4.7× |
| Feb 17, 2026 | 5.9× |
| May 18, 2026 | 4.9× |
| Aug 18, 2026 | 8.5× |
| Nov 12, 2026 | 7.9× |
Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.
What analysts expect
The average analyst price target is $27.98, 13% above the current price; 33% of 27 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.
Buy or Strong Buy: 9 analysts (33%). Sell or Strong Sell: 4.
Over the past year the average of the analysts' latest price targets went from $34.08 to $27.25 (−20%), while CMCSA went from $26.21 to $24.80 (−5%). In the past three months targets were cut 9 times and never raised. 3 upgrades and 1 downgrade over the year; the latest: Keybanc moved it to Underweight from Sector Weight on Sep 25, 2026.
Show every change
| Date | Firm | Change | Rating | Target |
|---|---|---|---|---|
| Oct 26, 2026 | Freedom Broker | Target cut | Hold | $25.00, was $29.00 |
| Oct 23, 2026 | Evercore ISI Group | Target cut | Outperform | $29.00, was $30.00 |
| Oct 23, 2026 | TD Cowen | Target cut | Buy | $36.00, was $39.00 |
| Oct 23, 2026 | Rosenblatt | Target kept | Buy | $31.00 |
| Oct 19, 2026 | Rosenblatt | Target kept | Buy | $31.00 |
| Oct 2, 2026 | Scotiabank | Target cut | Sector Perform | $27.50, was $29.00 |
| Sep 29, 2026 | Barclays | Target cut | Equal-Weight | $24.00, was $26.00 |
| Sep 28, 2026 | Morgan Stanley | Target cut | Equal-Weight | $27.00, was $29.00 |
| Sep 25, 2026 | Keybanc | Downgrade | Underweight, was Sector Weight | $18.00 |
| Sep 24, 2026 | Citigroup | Target cut | Buy | $27.50, was $30.00 |
| Sep 16, 2026 | B of A Securities | Target cut | Buy | $35.00, was $37.00 |
| Sep 15, 2026 | UBS | Target cut | Neutral | $27.00, was $32.00 |
| Jul 24, 2026 | Wells Fargo | Target cut | Underweight | $23.00, was $28.00 |
| Jul 24, 2026 | RBC Capital | Target cut | Sector Perform | $26.00, was $27.00 |
| Jul 24, 2026 | Barclays | Target cut | Equal-Weight | $26.00, was $28.00 |
| Jul 24, 2026 | Rosenblatt | Target kept | Buy | $31.00 |
| Jul 20, 2026 | RBC Capital | Target cut | Sector Perform | $27.00, was $32.00 |
| Jul 15, 2026 | Scotiabank | Target cut | Sector Perform | $32.75, was $36.00 |
| Jul 14, 2026 | BNP Paribas | Target cut | Underperform | $22.00, was $25.00 |
| Jul 7, 2026 | Morgan Stanley | Target cut | Equal-Weight | $30.00, was $33.00 |
| Jul 7, 2026 | Wells Fargo | Target cut | Underweight | $28.00, was $29.00 |
| Jul 2, 2026 | Goldman Sachs | Target cut | Neutral | $26.00, was $29.00 |
| Jun 30, 2026 | Rosenblatt | Upgrade | Buy, was Neutral | $31.00, was $24.00 |
| Jun 30, 2026 | Deutsche Bank | Upgrade | Buy, was Hold | $32.00, was $34.00 |
| Jun 12, 2026 | Freedom Broker | Began coverage | Hold | $29.00 |
| Jun 5, 2026 | Rosenblatt | Target cut | Neutral | $24.00, was $30.00 |
| Apr 24, 2026 | Citigroup | Target raised | Buy | $35.50, was $33.00 |
| Apr 24, 2026 | Evercore ISI Group | Target raised | Outperform | $36.00, was $35.00 |
| Apr 1, 2026 | Scotiabank | Target cut | Sector Perform | $34.00, was $35.25 |
| Jan 30, 2026 | Citigroup | Target raised | Buy | $33.00, was $32.79 |
| Jan 30, 2026 | TD Cowen | Target cut | Buy | $39.00, was $40.00 |
| Jan 30, 2026 | Scotiabank | Target cut | Sector Perform | $35.25, was $37.50 |
| Jan 30, 2026 | Rosenblatt | Target kept | Neutral | $30.00 |
| Jan 16, 2026 | Bernstein | Target cut | Market Perform | $32.00, was $34.00 |
| Jan 13, 2026 | Barclays | Target cut | Equal-Weight | $28.00, was $30.00 |
| Jan 12, 2026 | B of A Securities | Upgrade | Buy, was Neutral | $37.00, was $31.00 |
| Jan 6, 2026 | Benchmark | Target cut | Buy | $44.00, was $46.00 |
| Dec 10, 2025 | Morgan Stanley | Target cut | Equal-Weight | $29.05, was $29.99 |
| Dec 1, 2025 | Rosenblatt | Target cut | Neutral | $28.12, was $30.93 |
Show the data
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| Dec ’25 | $0.76 | $0.84 | +10.5% |
| Mar ’26 | $0.73 | $0.79 | +8.2% |
| Jun ’26 | $0.97 | $1.04 | +7.2% |
| Sep ’26 | $0.99 | $1.07 | +8.1% |
The day after each of these reports the stock moved +4.7% (Dec 2025, beat); −6.2% (Mar 2026, beat); −5.2% (Jun 2026, beat); +2.8% (Sep 2026, beat).
For the quarter ending Dec 2026 (Comcast reports on Jan 28, 2027), analysts expect adjusted earnings of $0.61 a share, 28% less than the $0.84 of a year earlier, and revenue of $29.8B, down 8% on a year earlier. For the fiscal year ending Dec 2027, they expect adjusted earnings of $3.52 a share, 1% more than the year before's estimate of $3.50, and revenue of $116.4B, down 3% on the year before's estimate.
Adjusted. Dec 2025: $0.84; range $0.43 to $0.75; 20 analysts
Dec 2025: $32.3B; range $29.2B to $30.2B; 17 analysts
Adjusted. The year to Dec 2026: $3.50 expected; range $3.05 to $3.94; 21 analysts
The year to Dec 2026: $119.8B expected; range $114.4B to $118.6B; 19 analysts
Show the data
| Period | Figure | Expected | Low to high | Analysts | A year earlier | Change |
|---|---|---|---|---|---|---|
| Quarter ending Dec 2026, results Jan 28, 2027 | EPS (adjusted) | $0.61 | $0.43 to $0.75 | 20 | $0.84 (Dec 2025) | −28% |
| Quarter ending Dec 2026, results Jan 28, 2027 | Revenue | $29.8B | $29.2B to $30.2B | 17 | $32.3B (Dec 2025) | −8% |
| Quarter ending Mar 2027 | EPS (adjusted) | $0.80 | $0.59 to $0.95 | 9 | $0.79 (Mar 2026) | +1% |
| Quarter ending Mar 2027 | Revenue | $29.0B | $28.6B to $29.6B | 5 | $31.5B (Mar 2026) | −8% |
| Year ending Dec 2026 | EPS (adjusted) | $3.50 | $3.31 to $3.65 | 22 | — | — |
| Year ending Dec 2026 | Revenue | $119.8B | $118.9B to $120.7B | 20 | $123.7B (year to Dec 2025) | −3% |
| Year ending Dec 2027 | EPS (adjusted) | $3.52 | $3.05 to $3.94 | 21 | $3.50 (expected, year to Dec 2026) | +1% |
| Year ending Dec 2027 | Revenue | $116.4B | $114.4B to $118.6B | 19 | $119.8B (expected, year to Dec 2026) | −3% |
Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.
Where the cash goes
Generated $19.7B in free cash flow over the year, of which $8.9B went back to shareholders (dividends plus buybacks), leaving $10.8B in the company.
Show the data
| Line | Amount |
|---|---|
| Op. cash flow | $31.7B |
| Capex | −$12.0B |
| Free cash flow | $19.7B |
| Dividends | −$4.8B |
| Buybacks | −$4.1B |
| Cash retained | $10.8B |
For every $100 of market cap, the company generates about $22.4 in free cash flow a year.
For every $100 of market cap, you receive about $5.3 in dividends a year.
Dividends plus buybacks over the last four quarters: for every $100 of market cap, about $10.1 went back to shareholders.
Show the data
| Quarter ended | Free cash flow | Dividends | Buybacks |
|---|---|---|---|
| Dec 2023 | $2.6B | $1.2B | $3.5B |
| Mar 2024 | $5.2B | $1.2B | $2.7B |
| Jun 2024 | $2.0B | $1.2B | $2.3B |
| Sep 2024 | $4.1B | $1.2B | $2.0B |
| Dec 2024 | $4.2B | $1.2B | $2.2B |
| Mar 2025 | $6.0B | $1.2B | $2.2B |
| Jun 2025 | $5.1B | $1.2B | $1.8B |
| Sep 2025 | $5.6B | $1.2B | $1.6B |
| Dec 2025 | $5.1B | $1.2B | $1.5B |
| Mar 2026 | $4.5B | $1.2B | $1.5B |
| Jun 2026 | $5.2B | $1.2B | $1.0B |
| Sep 2026 | $4.8B | $1.2B | $10M |
Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter.
Financial health
Current ratio 0.9, short-term debt coverage is tight; debt-to-equity 1.0, debt is moderate.
Assets that can be turned into cash soon are 0.9x what is owed within a year. 1.5 or higher is comfortable; below 1 needs watching.
For every $1 of shareholder funds, there is $1.0 of debt. The higher the number, the more pressure when the economy weakens.
Cash and short-term investments of $9.5B against debt of $98.9B. It also holds $8.0B of long-term investments, which can be stakes in other companies rather than cash.
Latest fiscal year balance sheet. Source: Yahoo Finance.
Who holds it
In the filings of 4 members of Congress and 6 funds whose copy leaves CMCSA out (not traded on the exchange): Nancy Pelosi, Mirae Asset Global Investments, Rob Bresnahan, Norges Bank, Rob Wittman, Canada Pension Plan Investment Board and 4 more.
What did the funds Hunch tracks do?
Of the 83 funds whose 13F filings Hunch reads, 18 held CMCSA at the end of their latest quarter (for most, Q3 2026). Over that quarter 5 added shares, 11 cut, 1 bought new, 1 sold all and 1 held the same. The largest of them is Dodge & Cox, 115.90M shares worth $2.8B at Jun 30, 2026, 2.5% more than a quarter earlier.
1 of them new holders
1 of them sold all
Show every fund
| Fund | Quarter | Shares | Value | Change in shares | Change | Filed |
|---|---|---|---|---|---|---|
| Dodge & Cox | Q2 2026 | 115.90M | $2.8B | +2.79M | +2.5% | Aug 13, 2026 |
| Norges Bank | Q2 2026 vs Q4 2025 | 76.54M | $1.9B | −7.05M | −8.4% | Aug 12, 2026 |
| First Eagle Investment Management | Q3 2026 | 39.56M | $861M | −36.79M | −48% | Nov 10, 2026 |
| Canada Pension Plan Investment Board | Q2 2026 | 11.68M | $287M | +3.50M | +43% | Aug 14, 2026 |
| National Pension Service | Q3 2026 | 10.66M | $232M | +75,065 | +0.7% | Nov 12, 2026 |
| Swiss National Bank | Q3 2026 | 9.74M | $212M | −376,200 | −3.7% | Nov 12, 2026 |
| Harris Associates L P | Q2 2026 | 7.17M | $176M | −19.27M | −73% | Aug 14, 2026 |
| Mirae Asset Global Investments | Q3 2026 | 6.21M | $135M | +713,863 | +13% | Nov 3, 2026 |
| Korea Investment | Q2 2026 | 2.14M | $52.4M | −105,040 | −4.7% | Aug 12, 2026 |
| Gardner Russo & Quinn | Q3 2026 | 2.08M | $45.2M | −118,296 | −5.4% | Nov 12, 2026 |
| Yacktman Asset Management | Q3 2026 | 1.17M | $25.5M | 0 | 0.0% | Nov 2, 2026 |
| Bridgewater Associates | Q2 2026 | 920,357 | $22.6M | −272,263 | −23% | Aug 14, 2026 |
| Nomura Holdings | Q2 2026 | 560,209 | $13.8M | +88,342 | +19% | Aug 14, 2026 |
| Renaissance Technologies | Q3 2026 | 478,000 | $10.4M | +478,000 | New | Nov 12, 2026 |
| Tudor Investment Corp Et Al | Q2 2026 | 344,757 | $8.5M | −617,462 | −64% | Aug 14, 2026 |
| Markel Group | Q3 2026 | 288,334 | $6.3M | −513,740 | −64% | Oct 30, 2026 |
| Fisher Asset Management | Q3 2026 | 30,514 | $664K | −6,564 | −18% | Nov 6, 2026 |
| Tweedy, Browne | Q3 2026 | 29,480 | $641K | −1,850 | −5.9% | Nov 4, 2026 |
| Soros Fund Management | Q2 2026 | 0 | — | −14,389 | Sold all | Aug 14, 2026 |
From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of CMCSA at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.