CHARTER COMMUNICATIONS, INC. /MO/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CHARTER COMMUNICATIONS, INC. /MO/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	29,003	41,581	43,634	45,764	48,097	51,682	54,022	54,607	55,085	54,774
Selling and marketing	2,136	3,036	3,042	3,044	3,031	3,256	3,585	3,469	3,590	3,782
Operating expenses	18,655	26,541	27,860	29,224	29,930	31,482	32,876	33,405	33,167	32,739
Operating income	2,456	4,106	5,221	6,511	8,405	10,526	11,962	12,559	13,118	12,908
Other non-operating income	-1,636	-3,078	-3,535	-283	-255	-101	56	-517	-387	-408
Pre-tax income	820	1,028	1,686	2,431	4,302	6,388	7,462	6,854	7,502	7,458
Income tax	-2,925	-9,087	180	439	626	1,068	1,613	1,593	1,649	1,692
Net income to minority interests	223	220	276	324	454	666	794	704	770	779
Net income	3,522	9,895	1,230	1,668	3,222	4,654	5,055	4,557	5,083	4,987
EBITDA	9,363	14,694	15,539	16,437	18,109	19,871	20,865	21,255	21,791	21,619
EPS, basic	17.05	38.55	5.29	7.60	15.85	25.34	31.30	30.54	35.53	36.90
EPS, diluted	15.94	34.09	5.22	7.45	15.40	24.47	30.74	29.99	34.97	36.21
Shares, basic (weighted)	207	257	232	220	203	184	162	149	143	135
Shares, diluted (weighted)	235	297	236	224	209	193	164	152	145	138

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1,535	621	551	3,483	1,001	601	645	709	459	477
Receivables	1,432	1,635	1,733	2,227	2,539	2,579	2,921	2,965	3,097	3,680
Other current assets	333	299	446	761	369	386	451	458	677	987
Total current assets	3,300	2,555	2,730	6,471	3,909	3,566	4,017	4,132	4,233	5,144
Property, plant and equipment	32,963	33,888	35,126	34,591	34,357	34,310	36,039	39,520	42,913	46,444
Lease right-of-use assets			0	1,092	1,214	1,306	1,235	1,270	1,244	1,281
Goodwill	29,509	29,554	29,554	29,554	29,554	29,562	29,563	29,668	29,674	29,710
Intangible assets	15,095	12,481	9,882	7,736	5,876	4,294	2,976	1,917	1,108	483
Other non-current assets	1,371	1,356	1,622	2,731	3,449	3,647	4,769	4,732	4,763	5,004
Total assets	149,067	146,623	146,130	148,188	144,206	142,491	144,523	147,193	150,020	154,213
Accounts payable	454	740	758	786	763	724	952	931	880	1,034
Accrued liabilities	1,111	1,109	1,052	1,028	1,374	1,304	1,314	1,283	1,365	1,365
Deferred revenue	352	395	494	460	436	461	511	509	456	422
Short-term debt	2,028	2,045	3,290	3,500	1,008	2,997	1,510	2,000	1,799	750
Total current liabilities	9,572	11,090	12,095	12,385	9,875	12,458	12,065	13,214	13,486	13,306
Long-term debt	59,719	68,186	69,537	75,578	81,744	88,564	96,093	95,777	92,134	94,006
Lease liabilities			0	979	1,110	1,182	1,083	1,128	1,135	1,167
Other non-current liabilities	2,745	2,502	2,837	3,703	4,198	4,217	4,758	4,530	4,776	5,094
Total liabilities	98,701	99,092	101,858	109,377	113,925	124,335	131,974	132,475	130,313	133,694
Total debt	61,747	70,231	72,827	79,078	82,752	91,561	97,603	97,777	93,933	94,756
Paid-in capital	39,413	35,253	33,507	31,405	29,000	26,725	23,940	23,346	23,337	21,447
Retained earnings	733	3,832	2,780	40	-5,195	-12,675	-14,821	-12,260	-7,750	-5,393
Treasury stock	0	0	0	0	0	0	0	0	0	0
Other comprehensive income	-7	-1	-2	0
Shareholders' equity	40,139	39,084	36,285	31,445	23,805	14,050	9,119	11,086	15,587	16,054
Minority interests	10,227	8,447	7,987	7,366	6,476	4,106	3,430	3,632	4,120	4,465
Total equity	50,366	47,531	44,272	38,811	30,281	18,156	12,549	14,718	19,707	20,519
Total liabilities and equity	149,067	146,623	146,130	148,188	144,206	142,491	144,523	147,193	150,020	154,213

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	3,745	10,115	1,506	1,992	3,676	5,320	5,849	5,261	5,853	5,766
Depreciation and amortization	6,907	10,588	10,318	9,926	9,704	9,345	8,903	8,696	8,673	8,711
Stock-based compensation	244	261	285	315	351	430	470	692	651	673
Deferred income tax	-2,958	-9,116	110	320	465	826	87	-80	-87	1,013
Change in receivables	-160	-84	-98	-706	-67	-35	-342	-44	-129	-416
Change in payables	1,029	449	125	-103	291	362	148	169	-310	280
Cash from operations	8,041	11,954	11,767	11,748	14,562	16,239	14,925	14,433	14,430	16,077
Capital expenditures	-5,325	-8,681	-9,125	-7,195	-7,415	-7,635	-9,376	-11,115	-11,269	-11,659
Cash from investing	-33,554	-8,098	-9,736	-7,331	-8,157	-7,754	-9,114	-11,127	-10,654	-11,620
Debt issued	12,344	25,276	13,820	19,685	15,754	20,976	25,643	22,062	25,893	15,485
Debt repaid	-10,521	-16,507	-10,769	-13,309	-12,094	-12,146	-19,311	-21,938	-29,660	-14,797
Stock issued	5,000	0	0	0	23	0	0	22	32	20
Share buybacks	-1,562	-11,715	-4,399	-6,873	-11,217	-15,431	-10,277	-3,215	-1,213	-5,132
Cash from financing	4,779	-4,770	-1,887	-1,633	-8,953	-8,885	-5,767	-3,242	-3,979	-4,365
Net change in cash	-20,734	-914	144	2,784	-2,548	-400	44	64	-203	92
Free cash flow	2,716	3,273	2,642	4,553	7,147	8,604	5,549	3,318	3,161	4,418
Interest paid	2,685	3,421	3,865	3,963	3,866	4,043	4,509	5,020	5,334	4,983
Income taxes paid	63	41	45	71	123	157	1,321	1,424	1,562	893

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $112.91 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	23.3%	Operating income / revenue.
EBITDA margin	39.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	13.8%	Pre-tax income / revenue.
Net margin	9.1%	Net income / revenue.
FCF margin	8.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	30.3%	Cash from operations / revenue.
Effective tax rate	23.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	29.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.2%	Net income / average total assets.
Return on invested capital (ROIC)	8.8%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	1.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	22.3%	Capital expenditures / revenue.
D&A / revenue	16.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-0.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	0.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	2.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-1.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	2.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	9.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-0.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	1.2%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	3.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-1.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-0.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	9.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	3.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	5.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	18.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	11.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	2.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	2.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	39.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-7.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-9.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	3.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	20.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-7.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	1.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-5.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-5.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-8.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.36x	Current assets / current liabilities.
Quick ratio	0.30x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.04x	(Cash + short-term investments) / current liabilities.
Debt / equity	5.54x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	60.4%	Total debt / total assets.
Liabilities / assets	85.9%	Total liabilities / total assets.
Net debt	$93.45B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	4.36x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	-$8.81B	Current assets - current liabilities.
Goodwill and intangibles / assets	19.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$12.76B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.35x	Revenue / average total assets.
Fixed asset turnover	1.13x	Revenue / average property, plant and equipment.
Receivables turnover	14.9x	Revenue / average receivables.
Days sales outstanding	24 days	365 x average receivables / revenue.
FCF conversion	88.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	73.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$40.61	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$448.61	Revenue / diluted weighted shares.
FCF per share	$35.94	Free cash flow / diluted weighted shares.
Operating cash flow per share	$135.83	Cash from operations / diluted weighted shares.
Book value per share	$139.80	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$105.22	Tangible book value / shares outstanding.
Cash per share	$4.20	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	109.2%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$13.47B	Share price x shares outstanding.
Enterprise value	$106.92B	Market cap + total debt - cash - short-term investments.
P/E	2.74x	Market cap / net income. Only when net income is positive.
P/S	0.25x	Market cap / revenue.
P/B	0.79x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	3.09x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	0.82x	Market cap / cash from operations, when positive.
EV/Sales	1.97x	Enterprise value / revenue.
EV/EBIT	8.44x	Enterprise value / operating income, when both are positive.
EV/EBITDA	4.99x	Enterprise value / EBITDA, when both are positive.
EV/FCF	24.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	32.4%	Free cash flow / market cap.
Earnings yield	36.6%	Net income / market cap (the inverse of P/E).
Shareholder yield	35.3%	(Dividends paid + share buybacks) / market cap.
PEG	0.49x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was CHARTER COMMUNICATIONS, INC. /MO/'s revenue in fiscal 2025?

CHARTER COMMUNICATIONS, INC. /MO/ reported revenue of $54.77B for fiscal 2025, 0.6% lower than the year before.

Was CHARTER COMMUNICATIONS, INC. /MO/ profitable in fiscal 2025?

Yes. Net income was $4.99B, a net margin of 9.1%.

How much free cash flow did CHARTER COMMUNICATIONS, INC. /MO/ generate in fiscal 2025?

Cash from operations of $16.08B minus capital expenditures of $11.66B left free cash flow of $4.42B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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