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Comcast Corp (CMCSA)

Communication Services · Cable & Satellite · US stock · S&P 500 component
$22.69 ▼ -0.15 (0.66%)
At close · USD · Volume 31,333,400
Fair valueUndervalued
$36 +60.4% to fair value
$18fair band $31–$44$55
Day's range
$22.40 – $23.09
52-week range
$20.48 – $32.86

About Comcast Corp

Broadband, video and mobile connections for homes and businesses sit alongside a large media arm at Comcast. Its cable business operates under the Xfinity brand and includes the Sky pay-TV and broadband operation in Europe. Its NBCUniversal arm runs the NBC television network, the Peacock streaming service, a film studio and theme parks. Customers include households, businesses, advertisers and audiences for film and television.

Comcast earns money from monthly subscriptions for internet, video and mobile service, from advertising, from content licensing and film releases, and from theme park admissions. Revenue was $123.0 billion over the last twelve months, and growth has been 0.6% a year over the last three years. The operating margin is 14.7%, and net debt is 2.4 times EBITDA. A dividend is paid with a yield of 5.8%. On the site's X-Ray Score it receives 60 out of 100.

52-wk range $20.48 – $32.86Volume 31,333,400Daily, split-adjusted

Vitals

Market cap$80.8B
52-week range$20.48 – $32.86
Volume (last day)31,333,400
P/E (TTM)7.2
EBIT / EV yield11.3%
Free-cash-flow yield24.3%
Dividend yield5.8%
Revenue (TTM)$123.0B
Net income (TTM)$11.3B
Operating margin14.7%
Return on capital8.2%
Debt incl. leases$87.4B
Cash & securities$7.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$36middle half of models $33 – $42
Undervalued +60.4% to fair value
Average of the 6 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $23
Undervalued < $31Fair $31 – $44Overvalued > $44
P/E multiple
$25
P/B multiple · not used
$49
P/S multiple
$39
EV/EBITDA multiple · not used
$48
EV/EBIT multiple
$33
EV/revenue multiple
$36
10-year DCF, EBITDA exit · not used
$56
5-year DCF, EBITDA exit
$44
10-year DCF, revenue exit · not used
$55
5-year DCF, revenue exit
$43
10-year DCF, growth exit · not used
$102
5-year DCF, growth exit · not used
$95
Dividend discount, stable · not used
$56
Dividend discount, multi-stage · not used
$75
Earnings power value · not used
$108
Growth the price implies
-6.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.00%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Weak business, but the price is low

Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Communication Services peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Strong
93/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield11.3%
Free-cash-flow yield24.3%
Fair value vs price1.6×
Growth Weak
36/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)0.6%
EPS growth (3y)64.5%
Growth consistency50%
Profitability Weak
48/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital8.2%
Operating margin14.7%
Financial health Fair
51/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA2.4×
Interest cover4.3×
Dividends Strong
70/100
Dividend is high and well covered by cash flow.
See the numbers →
Dividend yield5.8%
Dividends vs free cash flow24%
Dividend growth1.1%

Quarterly results: last 6 quarters

+2.1%
Jun '25
-2.7%
Sep '25
+1.2%
Dec '25
+5.3%
Mar '26
-1.2%
Jun '26
-6.1%
Sep '26
Revenue against the same quarter a year earlier. Latest quarter revenue $29.3B, diluted EPS $0.97.

Compare with peers

CHTR Charter Communications...56
Other Cable & Satellite companies by X-Ray Score.

SWOT analysis: Comcast Corp

Strengthsinside the company
  • Earnings per share have compounded at 64.5% a year over three years.
  • Free cash flow equals 24.3% of the market value, which funds dividends, buybacks or debt paydown.
  • Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
  • Altman Z-score of 1.7 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
  • Dividends use only 24% of free cash flow, which leaves room to raise them.
  • Trades at 7.1x earnings, 63% below the 19.3x median of sector peers.
  • The price is 60% below our fair value estimate, with the gap larger than the margin we allow for error.
  • Our Market Compass rates the backdrop for Communication Services as favourable.
Threatsvaluation and setting
  • No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare CMCSA with peers and sector

Medians of 17 Communication Services peers and of 17 Communication Services stocks in our universe. Largest peers (X-Ray Score): GOOG 50, META 55, NFLX 58, DIS 54, VZ 49, TMUS 67.
MetricCMCSAPeersSector
X-Ray Score (out of 100)605151
Valuation935353
Growth365555
Profitability485555
Financial health515353
Dividends704242

Sector leaders: highest X-Ray Score in Communication Services

CMCSA ranks #4 of 18 in Communication Services by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
CompanyX-Ray Score
#1 APP AppLovin Corp69
#2 RDDT Reddit, Inc.67
#3 TMUS T-Mobile US, Inc.67
#4 CMCSA Comcast Corp (this stock)60
#5 NFLX Netflix Inc58
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for CMCSA

Each factor is rated by where CMCSA stands among the 18 Communication Services stocks in our universe.

Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 8 Good · 9 Average · 4 Bad of 21 Growth: 1 · 0 · 2 Profitability: 0 · 3 · 1 Financial strength: 1 · 2 · 1 Valuation: 5 · 0 · 0 Cash flow: 1 · 3 · 0 Efficiency: 0 · 1 · 0
FactorCMCSARatingSector medianOwn 5-year medianAgainst own history
Growth
Revenue growth, 3 years a year+0.6% Bad beats 19% +5.6% – –
Revenue growth, last year−0.0% Bad beats 19% +7.7% +1.8% ≈ In line
EPS growth, 3 years a year+64.5% Good beats 96% +6.6% – –
Profitability
Operating margin14.7% Bad beats 31% 18.6% 17.9% ▼ Worse
Net margin9.2% Average beats 42% 10.0% 12.7% ▼ Worse
Return on invested capital8.2% Average beats 36% 10.3% – –
Return on equity12.2% Average beats 36% 17.3% 18.6% ▼ Worse
Financial strength
Net debt / EBITDA2.4x Average beats 41% 1.4x 2.4x ≈ In line
Interest cover4.3x Average beats 41% 12.4x 4.9x ≈ In line
Current ratio0.82 Bad beats 19% 1.07 0.78 ≈ In line
Piotroski F-score7 / 9 Good beats 75% 6 / 9 – –
Valuation
P/E ratio7.1x Good beats 85% 18.7x 11.1x ▲ Better
Price / book0.9x Good beats 92% 2.6x 1.8x ▲ Better
Price / sales0.7x Good beats 92% 2.0x 1.2x ▲ Better
EV / EBITDA4.8x Good beats 97% 13.2x 6.9x ▲ Better
Free cash flow yield24.3% Good beats 88% 4.1% 10.9% ▲ Better
Cash flow
Free cash flow margin16.0% Average beats 59% 11.9% 13.4% ▲ Better
Cash from operations / net income2.80 Good beats 70% 1.98 1.85 ▲ Better
Free cash flow growth, 3 years a year+11.5% Average beats 49% +11.7% – –
Accruals (lower is better)−7.9% Average beats 66% −5.1% – –
Efficiency
Days sales outstanding40 days Average beats 53% 47 days 40 days ≈ In line
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 5 Good · ● 6 Average · ● 4 Bad
Cash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 54/100.

Financials

FY21FY22FY23FY24FY25
Revenue$116.4B$121.4B$121.6B$123.7B$123.7B
Operating income$20.8B$14.0B$23.3B$23.3B$20.7B
Net income$14.2B$5.4B$15.4B$16.2B$20.0B
Operating cash flow$29.1B$26.4B$28.5B$27.7B$33.6B
Operating margin17.9%11.6%19.2%18.8%16.7%
Free cash flow$20.0B$15.8B$16.3B$15.5B$21.9B
Diluted EPS$3.04$1.21$3.71$4.14$5.39
Fiscal years, from SEC filings.

Who owns CMCSA stock? Institutional holders (Form 13F)

At 30 June 2026, 1,885 institutional managers reported owning Comcast Corp shares to the SEC: 3.18B shares, about $78.0B at the quarter-end close of $24.55. The ten largest reported holders account for 47% of those shares. CMCSA is reported by more managers than 377 of the 499 S&P 500 stocks we cover (the median stock has 1,192). Against 31 March 2026:

135 new628 added845 reduced243 unchanged285 sold out

Among the 2,136 managers that filed in both quarters and held CMCSA in at least one of them, the shares they report changed by −2.9%, about −$2.2B at the 30 Jun 2026 price. Ranked by this percent change, CMCSA is 454th of 497 among the S&P 500 stocks we can compare (1st is the largest rise). See which stocks institutions added and reduced most →

#ManagerSharesValueChange in the quarter
1 BlackRock, Inc. 313.21M $7.7B −0.6%
2 Vanguard Capital Management LLC 232.65M $5.7B Unchanged
3 State Street Corp 195.06M $4.8B +6.7%
4 Charles Schwab Investment Management Inc 133.10M $3.3B +9.5%
5 Invesco Ltd. 125.13M $3.1B +4.4%
6 Capital Research Global Investors 116.11M $2.9B +29.6%
7 Dodge & Cox 115.90M $2.8B +2.5%
8 Capital World Investors 104.63M $2.6B −42.6%
9 Geode Capital Management, LLC 89.53M $2.2B +1.6%
10 Vanguard Portfolio Management LLC 80.04M $2.0B +4.3%

Largest additions in the quarter: Arrowstreet Capital, Limited Partnership (39.94M shares, +$980M), Capital Research Global Investors (26.54M shares, +$652M), State Street Corp (12.32M shares, +$303M). Largest reductions: Capital World Investors (−77.51M shares, −$1.9B), Eagle Capital Management LLC (−37.31M shares, −$916M), JPMorgan Chase & Co (−26.26M shares, −$645M).

Quarter endManagers reportingShares reportedChange in reported shares vs the quarter before
30 Jun 20261,8853.18B−2.9%
31 Mar 20262,0473.15B+5.6%
31 Dec 20252,0923.13B+1.9%
30 Sep 20252,1493.07B−1.3%
30 Jun 20252,2953.14B–
Quarter-end positions, filed with the SEC up to 45 days later, so managers may have bought or sold since. Filings in this data run to 31 Aug 2026. Form 13F covers US institutional managers with at least $100 million in reportable securities and lists long positions only: options, short positions and smaller or non-US holders are not in it. A manager is a filer, not necessarily the final owner, and shares held for clients can be reported by more than one manager, so the lists overlap and are not a split of the company; for the same reason we show no share of shares outstanding. Value is shares times the quarter-end close; the change compares with the quarter before, is restated for splits and leaves out managers whose total reported S&P 500 holdings at least doubled or halved between the two quarters, which points to a change in what they report, not trading. 5 filing rows were left out because the value did not fit shares times price or exceeded the company's share count. "Smart money" is a label some analysts put on large institutions: these figures show who reported holding the stock, not that they were right, and they say nothing about where the price goes next. Source: SEC Form 13F data sets, updated when the SEC publishes the next quarter.

Technical summary

Daily
Bearish
5 bullish · 3 neutral · 8 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
SMA 1021.82Bullish
EMA 1022.05Bullish
SMA 2021.51Bullish
EMA 2022.02Bullish
SMA 5023.52Bearish
EMA 5022.79Bearish
SMA 10023.43Bearish
EMA 10023.63Bearish
SMA 20025.53Bearish
EMA 20024.87Bearish
Oscillators (daily)
RSI (14)56.31Neutral
MACD (12, 26)-0.18Bearish
Momentum (12)8.36Bullish
Stochastic %K (14)78.65Neutral
Williams %R (14)-21.35Neutral
CCI (20)177.0Bearish
Pivot points (classic, last session)
S3
21.67
S2
22.04
S1
22.36
Pivot
22.73
R1
23.05
R2
23.42
R3
23.74
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months
1.32 USD
Yield on today's price
5.82%
Frequency
Quarterly
Next ex-dividend date
6 Jan 2027
Tap a dividend date to compare the dividend yield on that day with today's.
Ex-dividend dateAmount per share
(upcoming) 0.3300
0.3300
0.3300
0.3300
0.3300
0.3300
0.3300
0.3300
0.3100
0.3100
0.3100
0.3100
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold CMCSA

ETFShare of the fund
XLC Communication Services Select Sector S...4.70%
IYZ iShares U.S. Telecommunications3.79%
FCOM Fidelity MSCI Communication Services I...3.38%
FDL First Trust Morningstar Dividend Leade...3.13%
VOX Vanguard Communication Services2.35%
SCHD Schwab U.S. Dividend Equity2.25%
TDIV First Trust NASDAQ Technology Dividend...2.11%
COWZ Pacer US Cash Cows 1001.92%
The eight funds with the largest weight in CMCSA among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.

CMCSA stock splits

CMCSA has split its stock 4 times since 1994. The latest was a 2-for-1 split on 21 Feb 2017.

Full CMCSA stock split history →

CMCSA SEC filings

10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Shareholder vote results
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Other events

Where the numbers come from

Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
Read the full methodology →

StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.