COMCAST CORP (CMCSA) closed fiscal year 2025 with a gross margin of 71.7 % and a net margin of 16.2 %.
COMCAST CORP (CMCSA) closed fiscal year 2025 with a gross margin of 71.7 % and a net margin of 16.2 %. The same year shows an EBITDA margin of 29.8 % and an EBIT margin of 16.7 %. The free cash flow margin was 17.7 %. Against the previous year the gross margin moved +1.7 pp and the net margin +3.1 pp. Across the period the gross margin ranges between 68.5 % in 2022 and 71.7 % in 2025. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 68.53 % | 69.76 % | 70.08 % | 71.75 % |
| EBITDA margin (%) | 37.95 % | 38.15 % | 38.35 % | 38.47 % | 32.87 % | 31.93 % | 33.15 % | 33.33 % | 33.12 % | 32.52 % | 33.10 % | 31.77 % | 31.28 % | 29.54 % | 29.75 % | 22.95 % | 30.97 % | 30.79 % | 29.81 % |
| EBIT margin (%) | 17.96 % | 19.56 % | 20.18 % | 21.03 % | 19.20 % | 19.46 % | 20.98 % | 21.67 % | 21.47 % | 20.85 % | 21.19 % | 20.11 % | 19.39 % | 16.89 % | 17.89 % | 11.56 % | 19.18 % | 18.83 % | 16.71 % |
| Net margin (%) | 8.33 % | 7.40 % | 10.17 % | 9.58 % | 7.45 % | 9.91 % | 10.54 % | 12.18 % | 10.96 % | 10.75 % | 26.74 % | 12.41 % | 11.99 % | 10.17 % | 12.17 % | 4.42 % | 12.66 % | 13.09 % | 16.17 % |
| FCF margin (%) | 6.54 % | 13.02 % | 14.44 % | 16.39 % | 16.18 % | 14.61 % | 11.70 % | 13.85 % | 14.74 % | 13.07 % | 13.77 % | 15.37 % | 14.45 % | 15.02 % | 17.16 % | 13.00 % | 13.37 % | 12.52 % | 17.70 % |
