What is the primary revenue source for Comcast (CMCSA)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze CMCSA's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Comcast's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Comcast Makes Money: CMCSA Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

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Revenue grew while operating profit fell, so growth did not translate into better earnings.

The largest revenue segment accounts for 55.07% of revenue, indicating concentration.

Operating margin declined by 5.79 percentage points year over year.

Revenue: USD 31.46B
Largest revenue segment share (Residential Connectivity And Platforms): 55.07%
Income tax expense: USD 706.00M

View calculation evidence

YoY periods: Q1 2026 compared with Q1 2025

Source metrics

Income tax expenseIncome tax expense (benefit) · IncomeTaxExpenseBenefit
Largest revenue segment share (Residential Connectivity And Platforms)Residential Connectivity And Platforms · segment_value / revenue * 100
Operating marginOperating income · operating_income / revenue * 100
RevenueRevenue · RevenueFromContractWithCustomerExcludingAssessedTax

Assets

Where is the money tied up, and how is the company financed?

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Current assets do not cover near-term liabilities, indicating short-term funding pressure.

Property, plant and equipment: USD 65.47B
Goodwill: USD 53.37B
Accounts receivable: USD 14.08B
Shareholder equity: USD 88.33B

View calculation evidence

YoY periods: Q1 2026 compared with Q1 2025

Source metrics

Shareholder equityAccumulated other comprehensive income (loss), net of deferred taxes · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Accounts receivableReceivables, net · AccountsReceivableNetCurrent
GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty and equipment, net of accumulated depreciation of $61,274 and $60,754 · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 316.97% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 2.17B
Operating cash flow: USD 6.89B
Cash conversion: 316.97%
Free cash flow: USD 4.54B

View calculation evidence

YoY periods: Q1 2026 compared with Q1 2025

Source metrics

Net incomeNet income attributable to comcast corporation · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 1.25B
Share repurchases: USD 1.50B
Net shareholder return: USD 2.75B

View calculation evidence

YoY periods: Q1 2026 compared with Q1 2025

Source metrics

Cash dividendsPayments of dividends · PaymentsOfDividends · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?