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Side-by-side financial comparison of Comcast (CMCSA) and Chevron Corporation (CVX). Click either name above to swap in a different company.
Chevron Corporation is the larger business by last-quarter revenue ($45.8B vs $31.5B, roughly 1.5× Comcast). Comcast runs the higher net margin — 6.9% vs 6.0%, a 0.9% gap on every dollar of revenue. On growth, Comcast posted the faster year-over-year revenue change (5.3% vs -5.3%). Chevron Corporation produced more free cash flow last quarter ($5.5B vs $3.9B). Over the past eight quarters, Comcast's revenue compounded faster (2.9% CAGR vs -0.9%).
Comcast Corporation, formerly known as Comcast Holdings, is an American multinational mass media, telecommunications, and entertainment conglomerate. Comcast’s corporate headquarters is at the Comcast Center in Philadelphia, while NBCUniversal, Comcast’s New York operations and other major Comcast assets is headquartered at 30 Rockefeller Plaza in Midtown Manhattan in New York City. The company was ranked 51st in the Forbes Global 2000 in 2023.
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is active in more than 180 countries.
CMCSA vs CVX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $31.5B | $45.8B |
| Net Profit | $2.2B | $2.8B |
| Gross Margin | — | 44.6% |
| Operating Margin | 13.1% | 10.0% |
| Net Margin | 6.9% | 6.0% |
| Revenue YoY | 5.3% | -5.3% |
| Net Profit YoY | -35.6% | -14.5% |
| EPS (diluted) | $0.60 | $1.36 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $31.5B | — | ||
| Q4 25 | $32.3B | $45.8B | ||
| Q3 25 | $31.2B | $48.2B | ||
| Q2 25 | $30.3B | $44.4B | ||
| Q1 25 | $29.9B | $46.1B | ||
| Q4 24 | $31.9B | $48.3B | ||
| Q3 24 | $32.1B | $48.9B | ||
| Q2 24 | $29.7B | $49.6B |
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $3.3B | $3.5B | ||
| Q2 25 | $11.1B | $2.5B | ||
| Q1 25 | $3.4B | $3.5B | ||
| Q4 24 | $4.8B | $3.2B | ||
| Q3 24 | $3.6B | $4.5B | ||
| Q2 24 | $3.9B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 44.6% | ||
| Q3 25 | — | 43.1% | ||
| Q2 25 | — | 39.5% | ||
| Q1 25 | — | 37.9% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | 37.8% | ||
| Q2 24 | — | 37.7% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 10.8% | 10.0% | ||
| Q3 25 | 17.7% | 11.2% | ||
| Q2 25 | 19.8% | 9.3% | ||
| Q1 25 | 18.9% | 12.1% | ||
| Q4 24 | 15.6% | 12.5% | ||
| Q3 24 | 18.3% | 13.3% | ||
| Q2 24 | 22.3% | 14.2% |
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.7% | 6.0% | ||
| Q3 25 | 10.7% | 7.3% | ||
| Q2 25 | 36.7% | 5.6% | ||
| Q1 25 | 11.3% | 7.6% | ||
| Q4 24 | 15.0% | 6.7% | ||
| Q3 24 | 11.3% | 9.2% | ||
| Q2 24 | 13.2% | 8.9% |
| Q1 26 | $0.60 | — | ||
| Q4 25 | $0.62 | $1.36 | ||
| Q3 25 | $0.90 | $1.82 | ||
| Q2 25 | $2.98 | $1.45 | ||
| Q1 25 | $0.89 | $2.00 | ||
| Q4 24 | $1.23 | $1.84 | ||
| Q3 24 | $0.94 | $2.48 | ||
| Q2 24 | $1.00 | $2.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.5B | — |
| Total DebtLower is stronger | $5.4B | $39.8B |
| Stockholders' EquityBook value | $88.3B | $186.4B |
| Total Assets | $260.0B | $324.0B |
| Debt / EquityLower = less leverage | 0.06× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | — | ||
| Q3 25 | $9.3B | — | ||
| Q2 25 | $9.7B | — | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $6.2B | $4.0B |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $93.0B | $39.8B | ||
| Q3 25 | $93.2B | — | ||
| Q2 25 | $95.8B | — | ||
| Q1 25 | $92.3B | — | ||
| Q4 24 | $94.2B | $20.1B | ||
| Q3 24 | $98.8B | — | ||
| Q2 24 | $97.1B | — |
| Q1 26 | $88.3B | — | ||
| Q4 25 | $96.9B | $186.4B | ||
| Q3 25 | $97.1B | $189.8B | ||
| Q2 25 | $96.9B | $146.4B | ||
| Q1 25 | $86.6B | $149.2B | ||
| Q4 24 | $85.6B | $152.3B | ||
| Q3 24 | $85.8B | $156.2B | ||
| Q2 24 | $83.2B | $159.2B |
| Q1 26 | $260.0B | — | ||
| Q4 25 | $272.6B | $324.0B | ||
| Q3 25 | $273.0B | $326.5B | ||
| Q2 25 | $273.9B | $250.8B | ||
| Q1 25 | $267.8B | $256.4B | ||
| Q4 24 | $266.2B | $256.9B | ||
| Q3 24 | $269.9B | $259.2B | ||
| Q2 24 | $262.6B | $260.6B |
| Q1 26 | 0.06× | — | ||
| Q4 25 | 0.96× | 0.21× | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.10× | 0.13× | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.17× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.9B | $10.8B |
| Free Cash FlowOCF − Capex | $3.9B | $5.5B |
| FCF MarginFCF / Revenue | 12.4% | 12.1% |
| Capex IntensityCapex / Revenue | 7.5% | 11.5% |
| Cash ConversionOCF / Net Profit | 3.17× | 3.89× |
| TTM Free Cash FlowTrailing 4 quarters | $19.8B | $16.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $6.9B | — | ||
| Q4 25 | $8.8B | $10.8B | ||
| Q3 25 | $8.7B | $9.4B | ||
| Q2 25 | $7.8B | $8.6B | ||
| Q1 25 | $8.3B | $5.2B | ||
| Q4 24 | $8.1B | $8.7B | ||
| Q3 24 | $7.0B | $9.7B | ||
| Q2 24 | $4.7B | $6.3B |
| Q1 26 | $3.9B | — | ||
| Q4 25 | $5.1B | $5.5B | ||
| Q3 25 | $5.6B | $4.9B | ||
| Q2 25 | $5.1B | $4.9B | ||
| Q1 25 | $6.0B | $1.3B | ||
| Q4 24 | $4.2B | $4.4B | ||
| Q3 24 | $4.1B | $5.6B | ||
| Q2 24 | $2.0B | $2.3B |
| Q1 26 | 12.4% | — | ||
| Q4 25 | 15.8% | 12.1% | ||
| Q3 25 | 18.0% | 10.3% | ||
| Q2 25 | 16.9% | 11.0% | ||
| Q1 25 | 20.2% | 2.7% | ||
| Q4 24 | 13.1% | 9.0% | ||
| Q3 24 | 12.8% | 11.5% | ||
| Q2 24 | 6.7% | 4.7% |
| Q1 26 | 7.5% | — | ||
| Q4 25 | 11.6% | 11.5% | ||
| Q3 25 | 9.8% | 9.2% | ||
| Q2 25 | 8.8% | 8.4% | ||
| Q1 25 | 7.5% | 8.5% | ||
| Q4 24 | 12.3% | 9.0% | ||
| Q3 24 | 9.1% | 8.3% | ||
| Q2 24 | 9.2% | 8.0% |
| Q1 26 | 3.17× | — | ||
| Q4 25 | 4.08× | 3.89× | ||
| Q3 25 | 2.61× | 2.65× | ||
| Q2 25 | 0.70× | 3.44× | ||
| Q1 25 | 2.46× | 1.48× | ||
| Q4 24 | 1.69× | 2.68× | ||
| Q3 24 | 1.93× | 2.16× | ||
| Q2 24 | 1.20× | 1.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMCSA
| Connectivity & Platforms | $20.0B | 63% |
| Content & Experiences | $11.9B | 38% |
CVX
| Other | $17.5B | 38% |
| Downstream Segment | $16.8B | 37% |
| Upstream Segment | $11.5B | 25% |
