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Comcast vs AT&T: revenue, profit, margins and growth compared

Comcast brought in $123.7B of revenue in fiscal 2025, AT&T $125.6B in fiscal 2025. Revenue changed by -0.0% at Comcast and +2.7% at AT&T on the year before, so AT&T grew faster. Comcast kept 16.2% of its revenue as net profit, AT&T 17.5%. Free cash flow was $21.9B at Comcast and $19.4B at AT&T.

Side by side, latest fiscal year

CCZT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$123.7B$125.6B
Revenue growth-0.0%+2.7%
Net income$20B$22B
Net margin16.2%17.5%
Free cash flow$21.9B$19.4B
Free cash flow margin17.7%15.5%
Earnings per share (diluted)$5.39$3.04
Cash$9.5B$18.2B
Debt$98.9B$134.7B
Price to earnings12.08.3
Market value$229.5B$173.9B
Dividend yield2.04%4.37%
Rank by revenue in sector#3 of 51 · Telecommunications#2 of 51 · Telecommunications

Over the years

Revenue
CCZ FY2018: $94.5BCCZ FY2019: $108.9BCCZ FY2020: $103.6BCCZ FY2021: $116.4BCCZ FY2022: $121.4BCCZ FY2023: $121.6BCCZ FY2024: $123.7BCCZ FY2025: $123.7BT FY2018: $170.8BT FY2019: $181.2BT FY2020: $143.1BT FY2021: $134BT FY2022: $120.7BT FY2023: $122.4BT FY2024: $122.3BT FY2025: $125.6BFY18FY19FY20FY21FY22FY23FY24FY25
CCZ $123.7BT $125.6B
Net income
CCZ FY2018: $11.7BCCZ FY2019: $13.1BCCZ FY2020: $10.5BCCZ FY2021: $14.2BCCZ FY2022: $5.4BCCZ FY2023: $15.4BCCZ FY2024: $16.2BCCZ FY2025: $20BT FY2018: $19.4BT FY2019: $13.9BT FY2020: -$5.2BT FY2021: $20.1BT FY2022: -$8.5BT FY2023: $14.4BT FY2024: $10.9BT FY2025: $22BFY18FY19FY20FY21FY22FY23FY24FY25
CCZ $20BT $22B
Net margin
CCZ FY2018: 12.4%CCZ FY2019: 12.0%CCZ FY2020: 10.2%CCZ FY2021: 12.2%CCZ FY2022: 4.4%CCZ FY2023: 12.7%CCZ FY2024: 13.1%CCZ FY2025: 16.2%T FY2018: 11.3%T FY2019: 7.7%T FY2020: -3.6%T FY2021: 15.0%T FY2022: -7.1%T FY2023: 11.8%T FY2024: 8.9%T FY2025: 17.5%FY18FY19FY20FY21FY22FY23FY24FY25
CCZ 16.2%T 17.5%
Revenue growth
CCZ FY2019: +15.3%CCZ FY2020: -4.9%CCZ FY2021: +12.4%CCZ FY2022: +4.3%CCZ FY2023: +0.1%CCZ FY2024: +1.8%CCZ FY2025: -0.0%T FY2019: +6.1%T FY2020: -21.1%T FY2021: -6.3%T FY2022: -9.9%T FY2023: +1.4%T FY2024: -0.1%T FY2025: +2.7%FY19FY20FY21FY22FY23FY24FY25
CCZ -0.0%T +2.7%
Free cash flow
CCZ FY2018: $14.5BCCZ FY2019: $15.7BCCZ FY2020: $15.6BCCZ FY2021: $20BCCZ FY2022: $15.8BCCZ FY2023: $16.3BCCZ FY2024: $15.5BCCZ FY2025: $21.9BT FY2018: $22.4BT FY2019: $29BT FY2020: $28.4BT FY2021: $26.4BT FY2022: $16.2BT FY2023: $20.5BT FY2024: $18.5BT FY2025: $19.4BFY18FY19FY20FY21FY22FY23FY24FY25
CCZ $21.9BT $19.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Comcast and AT&T

Which is bigger by revenue, Comcast or AT&T?

AT&T is bigger by revenue: $125.6B in fiscal 2025, against $123.7B for Comcast in fiscal 2025.

Which keeps more of its revenue as profit, Comcast or AT&T?

Comcast had a net margin of 16.2% in fiscal 2025; AT&T had 17.5% in fiscal 2025.

Which grew revenue faster, Comcast or AT&T?

In their latest fiscal years revenue changed by -0.0% at Comcast and +2.7% at AT&T.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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