CMCSA
Comcast Corporation

Comcast CorporationCMCSA

Communication Services · Telecom Services
21.90USD
+0.60%
Oct 19, 2026
CMCSA overview ready
Integrated Cable Broadband and Media Connectivity Operator
Comcast is a large integrated connectivity operator: it owns and upgrades its cable broadband network, sells Xfinity residential internet and mobile bundles, and provides business connectivity.
Narrative is still early
Exposed to the Broadband Convergence and Network Competition narrative through Converged Fixed-Mobile Broadband Platforms — infrastructure supplier.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Intense competition in broadband and media markets.
Market Oct 16Filing Jun 30Price action Oct 18Research Sep 3

Conviction Level

NarrativeHeat4.2ThemeHeat6.1PriceAction3.4Valuation3.5CompanyPosition9.3BusinessQuality7.7
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$78.7B
Avg Volume (60D)
27.9M
60 sessions
Revenue Growth YoY
-0.0%
FY2025 vs FY2024
Gross Margin
+56.8%
Trailing twelve months
Operating Margin
+14.7%
Trailing twelve months
Free Cash Flow Yield
+26.0%
Distance from 200DMA
-14.6%
Next Earnings
2026-10-22
P/E
7.0x
EV / EBITDA
4.7x
EV / Sales
1.3x
Market metrics as of Oct 16, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; own history is the dissenting view. The published stance is held at fair because net debt above 60% of market capitalisation — refinancing risk may explain the price.
Comcast Corporation has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis
Comcast is a large integrated connectivity operator: it owns and upgrades its cable broadband network, sells Xfinity residential internet and mobile bundles, and provides business connectivity. The company also owns NBCUniversal content, streaming and theme-park assets pending its announced planned separation of NBCUniversal and Sky.
Opportunity
Moderate opportunity
Cable, fiber and wireless operators are using bundled fixed broadband, mobile service, Wi-Fi and network upgrades to defend customer relationships and monetize connectivity amid intensifying fiber and fixed-wireless competition.
Key risk
Intense competition in broadband and media markets.

Narrative & Theme

Broadband Convergence and Network Competition
Part of Converged Fixed-Mobile Broadband Platforms, with moderate fit.
CMCSA has genuine direct exposure to fixed-mobile convergence because its core connectivity business depends on retaining and growing household and business relationships through broadband, Wi-Fi and wireless bundles.
Narrative HeatCooling4.2 / 10
Theme HeatNeutral6.1 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Communication Services · Telecom Services
What they do

Comcast Corporation operates as a global media and technology company, providing broadband, video, wireless connectivity, media content, and theme park experiences through multiple business segments.

How it earns

The company generates revenue primarily through subscription services, advertising, and transactional sales across its connectivity, media, and entertainment offerings.

Products & services
Residential broadband and wireless connectivity
Video services
Sky-branded entertainment networks
Advertising
Business connectivity services
Media studios
Theme parks
Customers & end markets
Residential consumers
Small and medium-sized businesses
Advertisers
Media content consumers
Theme park visitors
Market position

Leader in the U.S. Broadband and cable television market with significant scale in media and entertainment.

Demand drivers
Medium cyclicality

Demand for connectivity and media services is relatively stable but can be affected by economic cycles impacting advertising and consumer spending.