Historical source-based research. Compilation date and financial period are different dates.

Executive summary

Annual revenue of USD 123.707 billion and net income of USD 19.998 billion for the period ended 2025-12-31. This is a structured data brief from filed financial statements, not an independently audited investment opinion.

Business and industry context

COMCAST CORP is an SEC-reporting issuer listed on NASDAQ under CMCSA. Its SEC industry description is Cable & Other Pay Television Services. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications. Advertising, subscriptions and connectivity produce very different revenue and cash-flow models.

Financial evidence

The selected fiscal period runs from 2025-01-01 to 2025-12-31. Revenue was USD 123.707 billion; operating income was USD 20.672 billion; diluted EPS was USD 5.39 per share. Prior-period revenue was USD 123.731 billion. The reported revenue change was -0.02%. Comparisons are not adjusted for acquisitions, disposals, foreign exchange or fiscal-week differences.

Profitability and cash generation

Net margin, calculated as net income divided by revenue, was 16.17%. Operating cash flow was USD 33.643 billion; capital expenditure was USD 11.750 billion. Free cash flow (operating cash flow less purchases of property, plant and equipment) was USD 21.893 billion. Missing standard tags are not interpreted as zero. These measures may not be directly comparable between business models.

Balance-sheet context

Total assets were USD 272.631 billion, total liabilities not available and reported shareholder equity USD 96.903 billion at the period end. Total liabilities include operating obligations and are not a measure of interest-bearing debt.

Valuation context

Company profiles show eligible dated valuation ratios using the September 17, 2026 price snapshot and selected annual accounting denominators. Capitalization-based measures use estimates and are identified as such. These are not live, TTM or forward values. A historical-multiple series and EV/EBITDA are not available. Sector medians describe a selected sample; they do not establish fair value or expected returns.

Risks and uncertainties

Audience migration, content costs, competition, capital intensity and privacy regulation. Standardized XBRL can omit custom-tag disclosures. Annual data cannot establish the direction of the latest quarter.

What to monitor

Advertising exposure, subscription economics, network investment and cash conversion. Read subsequent quarterly filings, footnotes and accounting-policy changes before interpreting these historical observations.

Methodology note

Source snapshots were collected on September 18, 2026. Values preserve reported currency and periods. This brief was compiled on September 26, 2026; the publication date is not a new source retrieval date.

Sources & dates

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