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Comcast Corp (CMCSA) Stock

Comcast Corp Stock Details, Movements and Public Alerts

Comcast Corporation (CMCSA): The $108B Cable Giant Spinning Off Cable Networks While Losing 226K Broadband Subs

When Brian Roberts announced Mike Cavanagh as co-CEO in September 2025, he acknowledged Comcast faced "transformative times." The decision to share leadership—Roberts remaining chairman while Cavanagh handles operations starting January 2026—signals the magnitude of challenges ahead. Comcast lost 226,000 domestic broadband customers in Q2 2025 as fixed wireless from T-Mobile and Verizon captured cord-cutters, forcing the cable giant to rethink its core business. Simultaneously, Roberts announced spinning off cable networks MSNBC, CNBC, USA Network, E!, SYFY, and Golf Channel into an independent publicly traded entity under Mark Lazarus. This leaves Comcast focused on broadband connectivity, Peacock streaming (growing 21% in Media EBITDA), NBC broadcast network, Comcast Spectacor sports properties, and theme parks. Despite subscriber losses, Q1 2025 generated $5.4 billion in free cash flow and connectivity margins expanded to 41.4%. Trading down 22% YTD at $29.28 with a 4.51% dividend yield, CMCSA offers value contrarians a bet on successful business transformation.

52-Week Range

$43.57 - $25.75

-37.30% from high · +6.10% from low

Avg Daily Volume

26,371,325

20-day average

100-day avg: 23,044,227

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

4.88

Below market average

Forward P/E

6.93

Earnings expected to decline

PEG Ratio

2.39

Potentially overvalued

Price to Book

1.16

EV/EBITDA

4.30

EPS (TTM)

$6.03

Price to Sales

0.87

Beta

0.94

Less volatile than market

How is CMCSA valued relative to its earnings and growth?
Comcast Corp trades at a P/E ratio of 4.88, which is below the market average of approximately 20. This lower valuation could indicate the market has modest growth expectations, or it might represent an undervalued opportunity if the fundamentals are strong. Looking ahead, the forward P/E of 6.93 is higher than the current P/E, indicating analysts expect earnings to decline over the next year. The PEG ratio of 2.39 indicates a premium valuation even accounting for growth.
What is CMCSA's risk profile compared to the market?
With a beta of 0.94, Comcast Corp is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 1.16 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

18.40%

Operating Margin

19.80%

EBITDA

$38.22B

Return on Equity

24.90%

Return on Assets

5.24%

Revenue Growth (YoY)

2.10%

Earnings Growth (YoY)

198.00%

How profitable and efficient is CMCSA's business model?
Comcast Corp achieves a profit margin of 18.40%, meaning it retains $18.40 from every $100 in revenue after all expenses. This is an impressive margin, indicating strong pricing power and efficient cost management that allows the company to generate substantial profits. The operating margin of 19.80% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 24.90% and ROA at 5.24%, the company generates strong returns on invested capital.
What are CMCSA's recent growth trends?
Comcast Corp's revenue grew by 2.10% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. Earnings increased by 198.00% year-over-year, outpacing revenue growth through improved margins. These growth metrics should be evaluated against TELECOM SERVICES industry averages for proper context.

Dividend Information

Dividend Per Share

$1.28

Dividend Yield

4.34%

Ex-Dividend Date

Oct 1, 2025

Dividend Date

Oct 22, 2025

What dividend income can investors expect from CMCSA?
Comcast Corp offers a dividend yield of 4.34%, paying $1.28 per share annually. This high yield exceeds 4%, significantly outperforming the S&P 500 average of 1.5-2% and most investment-grade bonds. For income-focused investors, this represents an attractive cash flow opportunity, though high yields sometimes signal market concerns about sustainability. To receive the next dividend, shares must be purchased before the ex-dividend date of Oct 1, 2025.
How reliable is CMCSA's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - Comcast Corp pays $1.28 per share in dividends against earnings of $6.03 per share, resulting in a payout ratio of 21.23%. This conservative payout below 30% indicates excellent dividend safety with substantial room for future increases. The company retains most earnings for growth while still rewarding shareholders. The next dividend payment is scheduled for Oct 22, 2025.

Company Size & Market

Market Cap

$108.6B

Revenue (TTM)

$124.18B

Revenue/Share (TTM)

$32.76

Shares Outstanding

3.68B

Book Value/Share

$26.19

Asset Type

Common Stock

What is CMCSA's market capitalization and position?
Comcast Corp has a market capitalization of $108.6B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 3.68B shares outstanding, the company's ownership is widely distributed. As a major player in the TELECOM SERVICES industry, it competes with other firms in this sector.
How does CMCSA's price compare to its book value?
Comcast Corp's book value per share is $26.19, while the current stock price is $27.32, resulting in a price-to-book (P/B) ratio of 1.04. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As a common stock, this represents equity ownership with voting rights.

Analyst Ratings

Analyst Target Price

$39.09

43.08% upside potential

Analyst Recommendations

No analyst ratings available

How reliable are analyst predictions for CMCSA?
0 analysts cover CMCSA with 0% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The bearish sentiment could create opportunity if analysts are wrong. The consensus target of $39.09 implies 43.1% upside, but targets are often adjusted to follow price moves rather than predict them.
What is the Wall Street consensus on CMCSA?
Current analyst recommendations:The neutral stance suggests uncertainty or fair valuation at current levels.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Oct 15, 2025, 02:23 AM

Technical Indicators

RSI (14-day)

22.47

Oversold

50-Day Moving Average

$31.33

-12.80% below MA-50

200-Day Moving Average

$33.47

-18.37% below MA-200

MACD Line

-0.78

MACD Signal

-0.68

MACD Histogram

-0.10

Bearish

What does CMCSA's RSI value tell investors?
The RSI (Relative Strength Index) for CMCSA is currently 22.47, indicating the stock is in oversold territory (below 30). This indicates heavy selling pressure that may have pushed the price too low too fast. Oversold readings can present buying opportunities, but stocks can remain oversold in strong downtrends. Look for RSI to rise above 30 as a potential recovery signal. Combined with the price being below the 50-day moving average, this confirms bearish conditions.
How should traders interpret CMCSA's MACD and moving average crossovers?
MACD analysis shows the MACD line at -0.78 below the signal line at -0.68, with histogram at -0.10. This bearish crossover indicates downward pressure. The 50-day MA ($31.33) is below the 200-day MA ($33.47), forming a death cross pattern that often warns of extended weakness. Price is currently below both MAs, confirming weakness.

Indicators last updated: Oct 31, 2025, 12:42 AM

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Comcast Corporation (CMCSA) Stock Analysis 2025: Complete Investment Guide

The Cable Giant Splitting in Two While Fighting Fixed Wireless

Few companies face transitions as complex as Comcast in 2025. Brian Roberts, who led Comcast since 2002, watches his broadband business—long considered the company's fortress—shed 226,000 subscribers in Q2 alone as T-Mobile and Verizon's fixed wireless offerings provide cord-cutters with viable alternatives at lower prices. Simultaneously, the cable networks that once printed money (MSNBC, CNBC, USA Network) face irreversible cord-cutting, leading Roberts to spin them into a separate publicly traded entity under NBCUniversal's Mark Lazarus. The remaining Comcast will focus on broadband connectivity, Peacock streaming (which grew Media EBITDA 21%), NBC broadcast, theme parks, and Comcast Spectacor sports. Naming Mike Cavanagh as co-CEO starting January 2026 distributes leadership burden during what Roberts called "transformative times." Despite challenges, Q1 generated $5.4 billion in free cash flow and connectivity margins hit 41.4%—suggesting the broadband business remains profitable even as subscribers flee.

Business Model & Segment Performance

Comcast generates revenue across three segments: Connectivity & Platforms (broadband, video, voice, wireless through Xfinity brand), Media (NBCUniversal including Peacock streaming, NBC broadcast, cable networks, film studios), and Sky (European pay-TV across UK, Italy, Germany). The company serves approximately 32 million broadband subscribers, though this number declined sharply in 2025 as fixed wireless alternatives from mobile carriers captured market share previously untouchable by cable.

The planned spin-off fundamentally reshapes the business model. SpinCo will house declining linear cable networks (MSNBC, CNBC, USA, E!, SYFY, Golf Channel) plus digital assets Fandango, Rotten Tomatoes, GolfNow, and Sports Engine. RemainCo (Comcast post-spin) retains faster-growing/more defensible assets: broadband network infrastructure generating 41.4% EBITDA margins, Peacock streaming with NBA content driving subscriber growth, NBC broadcast network, Universal film studios, theme parks, and Comcast Spectacor (Philadelphia Flyers, Wells Fargo Center). This structure isolates legacy declining assets while focusing capital on streaming and connectivity businesses with better long-term prospects.

Financial Performance

  • •Q1 2025: $5.4B free cash flow (+19% YoY), Adjusted EPS growth mid-single digits, connectivity revenue +4%
  • •Q2 2025: $4.5B FCF, revenue +2.1% YoY, Adjusted EPS +3%, Media EBITDA +21% (Peacock strength)
  • •Connectivity Margins: 41.4% EBITDA margin in Connectivity & Platforms despite subscriber losses
  • •Broadband Subscribers: Lost 226K domestic subscribers in Q2 2025 to fixed wireless competition
  • •Dividend: $1.32 annual ($0.33 quarterly), 4.51% yield, $1.2B paid in both Q1 and Q2
  • •Stock Performance: Down 22% YTD to $29.28, market cap $108B
  • •Next Earnings: October 30, 2025

Strong free cash flow and margin expansion demonstrate profitability resilience, but subscriber losses threaten long-term revenue sustainability unless arrested.

Growth Catalysts & Strategic Initiatives

  • •Cable Network Spin-Off: Isolates declining linear TV assets, unlocks value if SpinCo trades at sum-of-parts premium
  • •Peacock Streaming Growth: NBA content driving subscribers, 21% Media EBITDA growth demonstrates monetization progress
  • •Fixed Wireless Response: Potential pricing/product changes to compete with mobile carrier broadband offerings
  • •5G Wireless Expansion: Xfinity Mobile leveraging Verizon's network could offset broadband losses
  • •Network Speed Upgrades: Next-generation broadband speeds create premium tier pricing power
  • •Theme Parks Recovery: Universal parks benefit from post-pandemic travel rebound
  • •Co-CEO Leadership: Cavanagh brings financial discipline from JPMorgan to streamline operations

Risks & Challenges

  • •Broadband Subscriber Losses: Fixed wireless from T-Mobile/Verizon threatens core revenue stream (226K lost Q2)
  • •Cord-Cutting Acceleration: Linear TV decline faster than streaming growth can offset
  • •Spin-Off Execution Risk: SpinCo may trade below expectations, diluting perceived value creation
  • •Peacock Profitability: Streaming remains investment-heavy; unclear when Peacock reaches sustainable profits
  • •Content Cost Inflation: NBA rights and premium content drive costs higher faster than subscription revenue
  • •Leverage Concerns: Cable network cash flows declining while debt service requirements remain
  • •Competition Intensification: Netflix, Disney+, Amazon compete for streaming; fiber overbuilders target broadband

Competitive Landscape

In broadband, Comcast battles fixed wireless from T-Mobile and Verizon (causing Q2's 226K subscriber losses), fiber overbuilders like AT&T and Verizon FiOS in select markets, and emerging municipal broadband initiatives. The company's cable infrastructure advantage erodes as 5G fixed wireless delivers comparable speeds at lower prices without installation hassles. In streaming, Peacock competes with Netflix, Disney+, Max (Warner Bros Discovery), Paramount+, and Amazon Prime Video for subscriber attention and content spend.

What differentiates Comcast is vertical integration: owning both distribution (broadband pipes) and content (NBCUniversal studios, sports rights). The spin-off sacrifices some integration benefits (separating cable networks from distribution) but focuses remaining assets on defensible broadband infrastructure and Peacock streaming. The co-CEO structure signals Roberts recognizes that competing against tech giants (Google Fiber), mobile carriers (T-Mobile/Verizon), and streaming natives (Netflix) requires operational excellence beyond traditional cable playbooks.

Who Is This Stock Suitable For?

Perfect For

  • ✓Value investors believing 22% YTD decline overcorrects for broadband subscriber losses
  • ✓Income investors seeking 4.51% dividend yield with $10B+ annual FCF supporting payouts
  • ✓SpinCo arbitrage specialists anticipating sum-of-parts value unlock
  • ✓Contrarians betting broadband stabilizes while Peacock accelerates growth
  • ✓Those seeking media exposure at depressed valuations ($108B market cap)

Less Suitable For

  • ✗Growth investors requiring expanding subscriber/revenue bases (broadband declining)
  • ✗Those bearish on cable/broadband long-term viability vs. fixed wireless
  • ✗Streaming pure-plays (Comcast remains 60%+ connectivity/traditional media)
  • ✗Short-term traders (transformation takes 2-3 years, near-term volatility likely)

Investment Thesis

Comcast presents a classic deep value bet on successful business transformation. The bull case rests on Brian Roberts and Mike Cavanagh stabilizing broadband subscriber losses through competitive pricing/speed upgrades, accelerating Peacock growth via NBA and premium content, and unlocking value through the cable network spin-off. With $5.4 billion in Q1 free cash flow and 41.4% connectivity margins, the core broadband business remains cash-generative despite subscriber declines. The 4.51% dividend yield backed by $10 billion+ annual FCF provides income while markets reassess post-spin valuation. If broadband stabilizes around 30 million subs and Peacock reaches 50+ million paying subscribers, the stock could re-rate higher from current depressed levels.

The bear case questions whether any strategy arrests fixed wireless substitution as T-Mobile/Verizon offer comparable speeds at lower prices nationwide. If Comcast loses another 1-2 million broadband subs annually, revenue declines overwhelm Peacock growth. The cable network spin-off may prove value-destructive if SpinCo trades at distressed multiples, highlighting that Comcast separated its worst assets without improving RemainCo fundamentals. Streaming profitability remains elusive despite investments, and content cost inflation (NBA rights) compresses margins. For value investors with 3-5 year horizons comfortable with transformation risk, the 22% YTD decline creates entry opportunity. The 4.51% yield provides downside cushion while spin-off and Peacock provide upside optionality. Not suitable for those requiring near-term subscriber/revenue growth.

Conclusion

Speculative buy for value investors with 3-5 year horizons comfortable with transformation risk. The 4.51% dividend yield provides income while awaiting spin-off value unlock and Peacock scale. Broadband subscriber losses create near-term headwinds, but $10B+ annual FCF and 41.4% margins demonstrate profitability resilience. Position size conservatively (2-3% portfolio max) given execution risk. Avoid if requiring near-term subscriber growth or if bearish on cable/broadband long-term viability.
Bull Case
$42-48 (44-64% upside if broadband stabilizes and Peacock reaches profitability)
Base Case
$32-38 (9-30% upside assuming continued slow subscriber decline offset by margin expansion)
Bear Case
$22-26 (11-25% downside if fixed wireless accelerates broadband losses)

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