Comcast
Comcast returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 7.81% | 7.85% | — | 12% | 4.22% | 0.1 pp |
| FY 2026 Q1 | Mar 31, 2026 | 8.36% | 8.47% | — | 21.49% | 7.12% | 0.7 pp |
| FY 2025 Q4 | Dec 31, 2025 | 8.66% | 8.88% | -45.87% | 21.92% | 7.42% | 1 pp |
| FY 2025 Q3 | Sep 30, 2025 | 9.93% | 9.39% | 13.22% | 24.73% | 8.33% | 2.2 pp |
| FY 2025 Q2 | Jun 30, 2025 | 10.13% | 9.59% | 7.57% | 25.44% | 8.54% | 2.4 pp |
| FY 2025 Q1 | Mar 31, 2025 | 11.25% | 10.32% | 50.93% | 18.57% | 5.91% | 3.6 pp |
| FY 2024 Q4 | Dec 31, 2024 | 11.26% | 10.33% | 70.37% | 19.25% | 6.1% | 3.6 pp |
| FY 2024 Q3 | Sep 30, 2024 | 9.68% | 9.94% | -3.11% | 17.43% | 5.53% | 2 pp |
| FY 2024 Q2 | Jun 30, 2024 | 9.96% | 10.26% | 1,267.41% | 18.04% | 5.75% | 2.3 pp |
| FY 2024 Q1 | Mar 31, 2024 | 10.08% | 10.43% | 13,036.77% | 18.68% | 5.89% | 2.4 pp |
| FY 2023 Q4 | Dec 31, 2023 | 9.95% | 10.27% | 404.26% | 18.81% | 5.89% | 2.2 pp |
| FY 2023 Q3 | Sep 30, 2023 | 10.08% | 10.32% | 151.33% | 18.6% | 5.88% | 2.4 pp |
| FY 2023 Q2 | Jun 30, 2023 | 4.58% | 6.17% | — | 7.41% | 2.46% | -3.1 pp |
| FY 2023 Q1 | Mar 31, 2023 | 4.25% | 5.99% | — | 6.39% | 2.12% | -3.4 pp |
| FY 2022 Q4 | Dec 31, 2022 | 4.19% | 5.9% | — | 6.07% | 2.01% | -3.5 pp |
| FY 2022 Q3 | Sep 30, 2022 | 4.33% | 6.01% | — | 6.14% | 2.03% | -3.4 pp |
| FY 2022 Q2 | Jun 30, 2022 | 9.13% | 9.12% | — | 15.06% | 5.16% | 1.4 pp |
| FY 2022 Q1 | Mar 31, 2022 | 8.44% | 8.68% | — | 15.36% | 5.2% | 0.7 pp |
| FY 2021 Q4 | Dec 31, 2021 | 8.21% | 8.47% | — | 15.19% | 5.15% | 0.5 pp |
| FY 2021 Q3 | Sep 30, 2021 | 8.03% | 8.13% | 3.08% | 15.92% | 5.3% | 0.3 pp |
| FY 2021 Q2 | Jun 30, 2021 | 7.44% | 7.64% | -33.42% | 13.96% | 4.59% | -0.3 pp |
| FY 2021 Q1 | Mar 31, 2021 | 7.42% | 7.33% | -57.95% | 13.46% | 4.33% | -0.3 pp |
| FY 2020 Q4 | Dec 31, 2020 | 7.31% | 7.32% | -102.64% | 12.17% | 3.92% | -0.4 pp |
| FY 2020 Q3 | Sep 30, 2020 | 8.1% | 8.01% | -104.28% | 12.56% | 3.93% | 0.4 pp |
| FY 2020 Q2 | Jun 30, 2020 | 8.79% | 8.67% | — | 14.35% | 4.41% | 1.1 pp |
| FY 2020 Q1 | Mar 31, 2020 | 9.07% | 8.98% | — | 14.89% | 4.49% | 1.4 pp |
| FY 2019 Q4 | Dec 31, 2019 | 9.17% | 9.24% | 1,103.77% | 16.92% | 5.07% | 1.5 pp |
| FY 2019 Q3 | Sep 30, 2019 | 10.41% | 9.91% | — | 16.58% | 5.43% | 2.7 pp |
| FY 2019 Q2 | Jun 30, 2019 | 9.91% | 10% | — | 16.37% | 5.39% | 2.2 pp |
| FY 2019 Q1 | Mar 31, 2019 | 9.65% | 9.77% | — | 16.85% | 5.44% | 1.9 pp |
| FY 2018 Q4 | Dec 31, 2018 | 9.51% | 9.76% | — | 16.73% | 5.35% | 1.8 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 10.79% | — | 38.13% | 12.54% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 11.15% | — | 38.14% | 12.81% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 10.8% | — | 37.36% | 12.46% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 11.09% | — | 37.07% | 12.36% | — |
| FY 2017 Q3 | Sep 30, 2017 | 10.35% | 11.21% | 41.29% | 18.41% | 5.52% | 2.7 pp |
| FY 2017 Q2 | Jun 30, 2017 | 10.38% | 11.29% | 13.44% | 17.78% | 5.41% | 2.7 pp |
| FY 2017 Q1 | Mar 31, 2017 | 10.12% | 10.99% | 8.59% | 16.95% | 5.17% | 2.4 pp |
| FY 2016 Q4 | Dec 31, 2016 | 9.74% | 10.97% | 5.81% | 16.37% | 5.01% | 2 pp |
| FY 2016 Q3 | Sep 30, 2016 | 9.86% | 11.01% | 3.06% | 15.91% | 4.97% | 2.2 pp |
| FY 2016 Q2 | Jun 30, 2016 | 9.95% | 10.9% | -5.97% | 15.41% | 4.9% | 2.3 pp |
| FY 2016 Q1 | Mar 31, 2016 | 10.18% | 11.1% | -2.99% | 15.72% | 5% | 2.5 pp |
| FY 2015 Q4 | Dec 31, 2015 | 9.98% | 11.02% | -3.01% | 15.55% | 5.01% | 2.3 pp |
| FY 2015 Q3 | Sep 30, 2015 | 10.18% | 11.12% | -89.2% | 15.46% | 5.1% | 2.5 pp |
| FY 2015 Q2 | Jun 30, 2015 | 10.92% | 11% | 345.71% | 16.7% | 5.49% | 3.2 pp |
| FY 2015 Q1 | Mar 31, 2015 | 10.91% | 10.87% | — | 16.57% | 5.41% | 3.2 pp |
| FY 2014 Q4 | Dec 31, 2014 | 10.56% | 10.58% | 764.27% | 16.21% | 5.27% | 2.9 pp |
| FY 2014 Q3 | Sep 30, 2014 | 10.67% | 10.54% | 70.79% | 16.25% | 5.3% | 3 pp |
| FY 2014 Q2 | Jun 30, 2014 | 9.6% | 10.37% | 27.05% | 14.86% | 4.78% | 1.9 pp |
| FY 2014 Q1 | Mar 31, 2014 | 9.48% | 10.11% | 31.01% | 14.58% | 4.62% | 1.8 pp |
| FY 2013 Q4 | Dec 31, 2013 | 9.87% | 9.41% | 2.55% | 13.63% | 4.21% | 2.2 pp |
| FY 2013 Q3 | Sep 30, 2013 | 9.85% | 9.33% | 4.16% | 13.02% | 4.03% | 2.1 pp |
| FY 2013 Q2 | Jun 30, 2013 | 9.57% | 9.17% | 8.59% | 14.05% | 4.33% | 1.9 pp |
| FY 2013 Q1 | Mar 31, 2013 | 9.47% | 8.9% | 11.85% | 13.41% | 4.08% | 1.8 pp |
| FY 2012 Q4 | Dec 31, 2012 | 10.02% | 8.32% | — | 12.84% | 3.84% | 2.3 pp |
| FY 2012 Q3 | Sep 30, 2012 | 9.57% | 8.2% | — | 12.5% | 3.74% | 1.9 pp |
| FY 2012 Q2 | Jun 30, 2012 | 8.97% | 8.02% | — | 10.1% | 3.05% | 1.3 pp |
| FY 2012 Q1 | Mar 31, 2012 | 8.47% | 7.96% | — | 9.47% | 2.84% | 0.8 pp |
| FY 2011 Q4 | Dec 31, 2011 | 8.68% | 8.41% | 12.54% | 9.08% | 3.01% | 1 pp |
| FY 2011 Q3 | Sep 30, 2011 | 7.67% | 7.84% | — | 8.6% | 2.85% | -0 pp |
| FY 2011 Q2 | Jun 30, 2011 | 7.08% | 7.33% | — | 8.55% | 2.85% | -0.6 pp |
| FY 2011 Q1 | Mar 31, 2011 | 6.48% | 6.69% | — | 8.3% | 2.75% | -1.2 pp |
| FY 2010 Q4 | Dec 31, 2010 | 6.8% | 7.4% | — | 8.35% | 3.14% | -0.9 pp |
| FY 2010 Q3 | Sep 30, 2010 | — | 7.31% | — | 8.3% | 3.12% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 7.13% | — | 8.57% | 3.16% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CMCSA, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.