Comcast Corporation (CMCSA) FCF Payout Ratio: 23.54%
Is Comcast Corporation’s FCF payout ratio high or low?
Comcast Corporation's FCF payout ratio of 23.54% is 24% below its 5-year average of 30.97%, near the low end of its 5-year range (22.35%–37.49%).
The FCF payout ratio for Comcast Corporation (CMCSA) is 23.54%. It is below its 12-month average by 11.88% (26.71%).
CMCSA FCF Payout Ratio Chart
CMCSA Average FCF Payout Ratio Chart
CMCSA Current vs Average FCF Payout Ratio Chart
CMCSA FCF Payout Ratio Metrics
FCF PAYOUT RATIO
23.54%
FCF PAYOUT RATIO AVG TTM
26.71%
FCF PAYOUT RATIO AVG 3Y
31.92%
FCF PAYOUT RATIO AVG 5Y
30.97%
FCF PAYOUT RATIO AVG 10Y
29.76%
FCF PAYOUT RATIO AVG 15Y
27.32%
FCF PAYOUT RATIO AVG 20Y
25.96%
CURRENT VS TTM AVG
-11.88%
CURRENT VS 3Y AVG
-26.26%
CURRENT VS 5Y AVG
-23.99%
CURRENT VS 10Y AVG
-20.90%
CURRENT VS 15Y AVG
-13.84%
CURRENT VS 20Y AVG
-9.34%
Payout Ratio Comparison
FCF Payout Ratio
23.5%
Earnings Payout Ratio
24.4%
Dividend Yield
5.51%
FCF Yield
23.53%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $21.89B | $4.89B | 22.4% |
| 2024 | $15.49B | $4.81B | 31.1% |
| 2023 | $12.96B | $4.77B | 36.8% |
| 2022 | $12.65B | $4.74B | 37.5% |
| 2021 | $17.09B | $4.53B | 26.5% |
| 2020 | $13.10B | $4.14B | 31.6% |
| 2019 | $13.27B | $3.73B | 28.1% |
| 2018 | $12.59B | $3.35B | 26.6% |
| 2017 | $10.11B | $2.88B | 28.5% |
| 2016 | $8.42B | $2.60B | 30.9% |
| 2015 | $8.91B | $2.44B | 27.4% |
| 2014 | $8.40B | $2.25B | 26.8% |
| 2013 | $6.55B | $1.96B | 30.0% |
| 2012 | $8.22B | $1.61B | 19.6% |
| 2011 | $8.08B | $1.19B | 14.7% |
| 2010 | $5.68B | $1.06B | 18.7% |
| 2009 | $4.64B | $761.00M | 16.4% |
| 2008 | $3.95B | $547.00M | 13.8% |
| 2007 | $2.23B | $0 | 0.0% |
| 2006 | $1.92B | $0 | 0.0% |
| 2005 | $1.30B | $0 | 0.0% |
| 2004 | $2.27B | $0 | 0.0% |
| 2003 | ($1.31B) | $0 | N/A (Loss) |
| 2002 | $1.02B | $0 | 0.0% |
| 2001 | ($958.40M) | $0 | N/A (Loss) |
| 2000 | ($417.50M) | $0 | N/A (Loss) |
| 1999 | ($399.60M) | $9.40M | N/A (Loss) |
| 1998 | ($269.30M) | $36.00M | N/A (Loss) |
| 1997 | ($9.50M) | $34.00M | N/A (Loss) |
| 1996 | $68.80M | $26.80M | 39.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Comcast Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Comcast Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for Comcast Corporation (CMCSA)?
- The FCF payout ratio for CMCSA stock is 23.54%.
- Is Comcast Corporation's FCF payout ratio high or low?
- Comcast Corporation's FCF payout ratio of 23.54% is 24% below its 5-year average of 30.97%, near the low end of its 5-year range (22.35%–37.49%).
- What is the TTM average FCF payout ratio for Comcast Corporation (CMCSA)?
- The TTM average FCF payout ratio for CMCSA stock is 26.71%.
- What is the 3Y average FCF payout ratio for Comcast Corporation (CMCSA)?
- The 3Y average FCF payout ratio for CMCSA stock is 31.92%.
- What is the 5Y average FCF payout ratio for Comcast Corporation (CMCSA)?
- The 5Y average FCF payout ratio for CMCSA stock is 30.97%.
- What is the 10Y average FCF payout ratio for Comcast Corporation (CMCSA)?
- The 10Y average FCF payout ratio for CMCSA stock is 29.76%.
- What is the 15Y average FCF payout ratio for Comcast Corporation (CMCSA)?
- The 15Y average FCF payout ratio for CMCSA stock is 27.32%.
- What is the 20Y average FCF payout ratio for Comcast Corporation (CMCSA)?
- The 20Y average FCF payout ratio for CMCSA stock is 25.96%.
Comcast Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 22.35% |
| 2024-12-31 | 31.07% |
| 2023-12-31 | 36.77% |
| 2022-12-31 | 37.49% |
| 2021-12-31 | 26.52% |
| 2020-12-31 | 31.60% |
| 2019-12-31 | 28.15% |
| 2018-12-31 | 26.63% |
| 2017-12-31 | 28.53% |
| 2016-12-31 | 30.89% |
| 2015-12-31 | 27.35% |
| 2014-12-31 | 26.82% |
| 2013-12-31 | 29.96% |
| 2012-12-31 | 19.57% |
| 2011-12-31 | 14.68% |
| 2010-12-31 | 18.73% |
| 2009-12-31 | 16.39% |
| 2008-12-31 | 13.83% |
| 1996-12-31 | 38.95% |
About Comcast Corporation
Comcast Corporation functions as a global media and technology conglomerate. Its diverse operations are segmented across Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications division delivers internet, television, phone, and mobile services to residential and business clients under its Xfinity brand, alongside offering advertising solutions. Its Media segment encompasses NBCUniversal's television and streaming platforms, including its national, regional, and international cable channels, the NBC and Telemundo broadcast networks, and the Peacock streaming service. The Studios segment is responsible for NBCUniversal's film and television production and distribution activities. Through its Theme Parks division, Comcast manages Universal Studios resorts located in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment provides direct-to-consumer services such as video, internet, voice, and mobile phone offerings, while its content arm includes entertainment networks, the Sky News channel, and Sky Sports networks. Additionally, Comcast owns the Philadelphia Flyers hockey team and the Wells Fargo Center arena in Philadelphia, Pennsylvania. Founded in 1963, Comcast Corporation is headquartered in Philadelphia, Pennsylvania.
- Sector
- Communication Services
- Industry
- Telecommunications Services
- CEO
- Brian L. Roberts