Comcast (CMCSA) AI Stock Analysis

• Market Cap: $107.06B
• Dividend Yield: 4.42%
• Average Volume (3M): 38.52M
• Price to Earnings (P/E): 4.9
• Beta (1Y): 0.37
• Revenue Growth: 0.20%
• EPS Growth: 61.54%
• Country: US
• Employees: 182,000
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 1.12
• Shares Outstanding: 3,634,450,200
• 10 Day Avg. Volume: 51,151,965
• 30 Day Avg. Volume: 38,519,130
• PEG Ratio: 0.77
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 1.19
• P/FCF Ratio: 9.47
• Enterprise Value/Market Cap: 1.93
• Enterprise Value/Revenue: 1.67
• Enterprise Value/Gross Profit: 2.83
• Enterprise Value/Ebitda: 4.35
• 1Y Price Target: $35.19
• Price Target Upside: 19.79% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 22
• EPS Forecast (FY): 4.21
• Revenue Forecast (FY): $123.74B

• Rating: 74 Outperform
• Price Target: $34.00 ▲(15.72% Upside)

Comcast's strong financial performance and attractive valuation are key strengths, supported by strategic corporate events. However, technical indicators suggest caution, and mixed earnings call results highlight ongoing challenges in certain segments.

Positive Factors

Strong Profitability

Comcast's robust profitability and high return on equity indicate efficient operations and effective use of equity, supporting long-term financial health.

Cash Generation

Significant free cash flow growth enhances Comcast's ability to invest in strategic initiatives and return capital to shareholders, bolstering long-term growth.

Leadership Continuity

Securing leadership continuity with a new Co-CEO agreement ensures strategic stability and supports long-term execution of corporate initiatives.

Negative Factors

Broadband Subscriber Decline

Declining broadband subscribers pose a challenge to Comcast's core revenue stream, potentially impacting future growth and market position.

ARPU Pressure

Slowing ARPU growth indicates pricing pressure, which may affect revenue stability and profitability in the long term if not addressed.

Negative Revenue Growth

Negative revenue growth highlights challenges in maintaining sales momentum, which could impact Comcast's ability to sustain its market position.

Comcast Business Overview & Revenue Model

Company Description

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services. The Media segment operates NBCUniversal's television and streaming platforms, including national, regional, and international cable networks, the NBC and Telemundo broadcast, and Peacock networks. The Studios segment operates NBCUniversal's 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. The Sky segment offers direct-to-consumer services, such as video, broadband, voice and wireless phone services, and content business operates entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and provides streaming service, such as Peacock. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.

How the Company Makes Money

Comcast generates revenue primarily through its subscription-based services. The Comcast Cable segment earns money from the provision of cable television services, broadband internet access, and digital voice services, with significant revenue coming from monthly subscriptions and bundled service packages. The company also generates income from advertising sales on its cable networks and from its streaming service, Peacock. Additionally, the NBCUniversal segment contributes to revenue through theatrical releases, television production, and licensing deals, as well as from its theme parks. Strategic partnerships with content providers and advertisers further enhance Comcast's ability to monetize its media assets and expand its customer base.

Comcast Financial Statement Overview

Summary

Comcast demonstrates strong profitability with a high net profit margin and robust EBIT and EBITDA margins. The balance sheet is solid with low leverage and high return on equity. However, the negative revenue growth rate is a concern, despite improving cash flow generation.

Income Statement

Comcast's income statement shows strong profitability with a high net profit margin of 18.33% in the TTM period. However, the revenue growth rate is negative, indicating a decline in revenue compared to previous periods. The EBIT and EBITDA margins are robust, suggesting efficient operations despite the revenue dip.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.06 in the TTM period, indicating low leverage. Return on equity is strong at 24.68%, showcasing effective use of equity to generate profits. The equity ratio is healthy, suggesting a stable capital structure.

Cash Flow

Cash flow analysis reveals a positive free cash flow growth rate of 11.82% in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is slightly above 1, showing good cash conversion. However, the free cash flow to net income ratio is moderate, suggesting room for improvement in cash efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	123.31B	123.73B	121.57B	121.43B	116.39B	103.56B
Gross Profit	72.78B	71.90B	70.47B	69.39B	64.13B	57.34B
EBITDA	47.39B	37.61B	38.90B	27.00B	36.97B	31.39B
Net Income	22.61B	16.19B	15.39B	5.37B	14.16B	10.53B
Balance Sheet
Total Assets	273.00B	266.21B	264.81B	257.27B	275.90B	273.87B
Cash, Cash Equivalents and Short-Term Investments	9.32B	7.32B	6.21B	4.75B	8.71B	11.74B
Total Debt	99.06B	99.09B	97.09B	99.98B	100.02B	108.93B
Total Liabilities	175.58B	179.94B	181.34B	175.24B	177.90B	180.85B
Stockholders Equity	97.08B	85.56B	82.70B	80.94B	96.09B	90.32B
Cash Flow
Free Cash Flow	20.97B	15.49B	12.96B	12.65B	17.09B	13.10B
Operating Cash Flow	32.88B	27.67B	28.50B	26.41B	29.15B	24.74B
Investing Cash Flow	-16.83B	-15.67B	-7.16B	-14.14B	-13.45B	-12.05B
Financing Cash Flow	-15.55B	-10.88B	-19.85B	-16.18B	-18.62B	-6.51B

Comcast Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 29.38
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMCSA, the sentiment is Neutral. The current price of 29.38 is above the 20-day moving average (MA) of 27.90, above the 50-day MA of 28.07, and below the 200-day MA of 32.15, indicating a neutral trend. The MACD of 0.51 indicates Negative momentum. The RSI at 59.63 is Neutral, neither overbought nor oversold. The STOCH value of 68.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CMCSA.

Comcast Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VZ	81 Outperform	$168.32B	8.51	19.70%	6.60%	2.42%	102.17%
DIS	75 Outperform	$202.13B	16.53	11.78%	1.10%	3.61%	152.34%
CMCSA	74 Outperform	$107.06B	4.88	24.73%	4.42%	0.20%	61.54%
T	71 Outperform	$173.41B	7.94	20.88%	4.56%	1.98%	150.68%
CHTR	69 Neutral	$29.75B	5.66	34.79%	―	0.42%	13.46%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
LBTYA	57 Neutral	$3.75B	-1.01	―	―	―	―

Comcast Corporate Events

Comcast Announces Redemption of Outstanding Notes

On December 16, 2025, Comcast Corporation announced its decision to redeem all outstanding amounts of its 3.15% Notes due March 1, 2026, and 5.350% Notes due November 15, 2027, totaling approximately $2.75 billion. The redemption, scheduled for January 15, 2026, reflects Comcast’s strategic financial management, potentially impacting its debt profile and signaling confidence in its financial position.

Comcast Amends Corporate Structure for Spin-Off Plans

On December 15, 2025, Comcast Corporation filed Amended and Restated Articles of Incorporation to streamline its corporate structure by removing obsolete references and integrating previous amendments. Concurrently, Comcast designated a new Class A Equivalent Preferred Stock as part of its strategic plan to spin off certain cable networks and digital assets into Versant Media Group, Inc. The issuance of Preferred Shares to its subsidiaries is intended to prevent them from receiving SpinCo Common Stock in the spin-off, with provisions for redemption into Comcast’s Class A Common Stock if the spin-off is completed.

Comcast Announces Spin-Off of Versant Media Group

On December 3, 2025, Comcast Corporation’s Board of Directors approved the separation of its cable television networks and digital platforms into a new independent company, Versant Media Group, Inc. This separation will occur through a distribution of Versant shares to Comcast shareholders, expected to be completed on January 2, 2026. Versant will become a publicly traded company on Nasdaq, with Comcast retaining no ownership. The move is expected to enhance Comcast’s strategic focus and market positioning, while Versant will operate independently, leveraging its portfolio of media assets.

Comcast Completes Exchange and Cash Offers for Notes

On October 9, 2025, Comcast Corporation completed its previously announced Exchange Offers and Cash Offers, involving the exchange and purchase of certain existing notes for new notes due in 2037. The new notes, amounting to $480,046,000, carry an interest rate of 5.168% and are guaranteed by Comcast Cable Communications, LLC and NBCUniversal. This strategic financial maneuver is expected to optimize Comcast’s debt structure, potentially impacting its financial stability and market positioning.

Comcast Finalizes Amended Exchange and Cash Offers

On October 8, 2025, Comcast Corporation announced the final results of its Amended Pool 2 Exchange Offers and Cash Offers, which expired on October 3, 2025. The company plans to issue approximately $480 million in New 2037 Notes, with a total outstanding amount expected to reach $1.17 billion. The completion of these offers indicates that Comcast has satisfied the necessary conditions, including the absence of adverse legal and market developments, which could impact the company’s financial strategy and market positioning.

Comcast Announces Preliminary Results of Exchange Offer

On October 6, 2025, Comcast Corporation announced the preliminary results of its Amended Pool 2 Exchange and Cash Offers, which involve exchanging or purchasing outstanding notes for new 2037 notes. The company expects to issue approximately $491 million in new notes, subject to conditions and guaranteed delivery procedures, impacting its financial strategy and stakeholder interests.

Comcast Completes Exchange Offers for Pool 1 Notes

On October 2, 2025, Comcast Corporation completed its previously announced private Exchange Offers and Cash Offers for its existing Pool 1 Notes, resulting in the issuance of $691,967,000 in new Notes due 2037. These new Notes, bearing an interest rate of 5.168% per year, are guaranteed by Comcast Cable Communications, LLC and NBCUniversal, and are part of a strategic financial maneuver to manage its debt obligations, potentially impacting its financial stability and market positioning.

Comcast Finalizes Debt Exchange and Cash Offers

On October 1, 2025, Comcast Corporation announced the final results of its Pool 1 Debt Exchange and Cash Offers, which expired on September 26, 2025. Comcast plans to issue approximately $692 million in new 2037 Notes, satisfying the necessary conditions for the exchange. The company also completed its Pool 1 Cash Offers, meeting all conditions for purchasing the outstanding notes. These financial maneuvers are part of Comcast’s strategy to manage its debt portfolio, potentially impacting its financial stability and market positioning.

Comcast Appoints Michael J. Cavanagh as Co-CEO

On September 29, 2025, Comcast Corporation announced the appointment of Michael J. Cavanagh as Co-Chief Executive Officer, effective January 2026, alongside Brian L. Roberts who continues as Chairman and Co-CEO. Cavanagh, who joined Comcast in 2015 as Chief Financial Officer and currently serves as President, is expected to help drive growth and manage the company’s strategic pivot in the industry.

Comcast Announces Debt Exchange and Cash Offers

On September 29, 2025, Comcast Corporation announced the results of its debt exchange offers and cash offers, which involved exchanging outstanding notes for new notes due in 2037 and 2038. The company amended the terms for its 4.150% notes due 2028 and 4.550% notes due 2029, with the exchange offers set to expire on October 3, 2025. This strategic financial maneuver is expected to impact Comcast’s debt structure by extending maturities and potentially reducing interest costs, thereby strengthening its financial position in the industry.

Comcast Announces Debt Exchange and Cash Offers

On September 26, 2025, Comcast Corporation announced the pricing terms for its debt exchange offers and cash offers. The company is conducting seven separate private offers to exchange outstanding notes for newly issued notes due in 2037 and 2038. The exchange offers are set to expire on the same day, with settlement expected by October 2, 2025. Additionally, Comcast has announced cash offers for the purchase of old notes, targeting holders who are not eligible for the exchange offers. These financial maneuvers are part of Comcast’s strategy to manage its debt portfolio, potentially impacting its financial stability and market positioning.

Comcast Initiates Debt Exchange and Tender Offers

On September 22, 2025, Comcast Corporation announced the initiation of debt exchange and tender offers to repurchase seven series of its outstanding notes. This strategic financial maneuver involves exchanging old notes for new debt securities, with the aim of optimizing the company’s debt structure. The exchange offers are set to expire on September 26, 2025, with settlement expected by October 2, 2025. This move is likely to impact Comcast’s financial operations by potentially lowering interest expenses and extending debt maturities, thereby enhancing its financial flexibility and market positioning.