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Comcast CMCSA Business Services Connectivity — Acquisitions

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Other financials

Income statement

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Revenue$29.9B-1.2%
Operating income$5.2B-13.9%
Net income$3.5B-68.3%
EPS (diluted)$0.99-66.8%

Balance sheet

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Cash & equivalents$7.7B-20.7%
Total debt$96.5B-10.0%
Total equity$89.8B-7.3%
Total assets$257.55B-6.0%

Cash flow

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Operating cash flow$8.1B+3.5%
CapEx$2.9B+8.4%
Free cash flow$5.2B+1.0%

Valuation

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Market cap$87.83B-26.0%
Enterprise value$176.61B-18.3%
P/E7.8×+2.7×
P/S0.7×-0.3×

Profitability

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Operating margin14.7%-3.5pp
Net margin9%-9.5pp
FCF margin16.4%+0.7pp

Returns & leverage

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Return on equity12%-13.4pp
Debt / equity1.1×0.0×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by Comcast in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The source filing: Comcast’s 10-K, filed February 3, 2026.

Filed
Feb 3, 2026, 4:09 PM EST
Fiscal year
FY2025
Accession
0001628280-26-004994
(in billions) / Balance, December 31, 2023Residential Connectivity & PlatformsBusiness Services ConnectivityMediaStudiosTheme ParksTotal
Goodwill$33.9$2.2$21.7$3.7$5.0$66.4
Accumulated impairment losses(6.1)(2.2)(8.2)
$27.8$2.2$19.5$3.7$5.0$58.2
Acquisitions1.11.1
Foreign currency translation and other1.50.52.1
Balance, December 31, 2025
Goodwill$36.0$3.4$22.4$3.7$5.0$70.6
Accumulated impairment losses(6.7)(2.4)(9.0)

Item 8: Comcast Corporation Financial Statements and Supplementary Data

FAQ

What is Comcast's business services connectivity — acquisitions?
Comcast (CMCSA) reported business services connectivity — acquisitions of $275M in Q4 2025.
What does business services connectivity — acquisitions mean?
This metric quantifies the capital deployed for the acquisition of businesses or assets specifically integrated into the business services connectivity segment. It reflects the company's inorganic growth strategy and its commitment to expanding its connectivity footprint or capabilities. Tracking this helps investors assess the cost and frequency of the segment's expansion efforts.

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