Comcast (CMCSA) Return on Capital Employed [ROCE] (2009 - 2026)
Comcast (CMCSA) recorded Return on Capital Employed [ROCE] of 7.98% in Q3 2026, down 1.24 percentage points from 9.21% a year earlier and down 0.14 percentage points from the prior quarter.
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Analysis
Comcast (CMCSA) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Comcast reported Return on Capital Employed [ROCE] of 8.76%, down 1.55 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +1.47 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 10.31% in FY2024 (-0.25 pp), 10.56% in FY2023 (+4.67 pp), 5.88% in FY2022 (-2.60 pp) and 8.48% in FY2021 (+1.18 pp).
- The Q3 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q2 2023.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for nine consecutive quarters, with an average year-over-year change of -1.03 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 4.31 percentage points in Q4 2023, against a drop of 2.79 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.12% (Q2 2026), 8.22% (Q1 2026) and 8.64% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 192.14 Bn | 158.48 Bn | 27.05 Bn | 8.39% |
| 2 | T-Mobile US | 180.68 Bn | 163.11 Bn | 15.13 Bn | 10.24% |
| 3 | At&T | 148.63 Bn | 90.09 Bn | 26.22 Bn | 6.26% |
| 4 | Grupo Televisa, S.A.B | 147.33 Bn | 147.33 Bn | 960.50 Mn | 5.31% |
| 5 | Comcast | 87.13 Bn | 52.92 Bn | - | 7.98% |
| 6 | Chunghwa Telecom | 37.89 Bn | 29.90 Bn | 728.80 Mn | 2.44% |
| 7 | Vodafone Group Public | 37.72 Bn | 7.12 Bn | - | - |
| 8 | EchoStar | 29.40 Bn | 10.44 Bn | 647.20 Mn | 0.75% |
| 9 | Bce | 19.97 Bn | 17.97 Bn | 2.79 Bn | 8.92% |
| 10 | Telefonica Brasil | 18.69 Bn | 12.71 Bn | 1.42 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.98% |
| Jun 30, 2026 | 8.12% |
| Mar 31, 2026 | 8.22% |
| Dec 31, 2025 | 8.64% |
| Sep 30, 2025 | 9.21% |
| Jun 30, 2025 | 9.41% |
| Mar 31, 2025 | 10.30% |
| Dec 31, 2024 | 10.20% |
| Sep 30, 2024 | 9.98% |
| Jun 30, 2024 | 10.28% |
| Mar 31, 2024 | 10.49% |
| Dec 31, 2023 | 10.47% |
| Sep 30, 2023 | 10.28% |
| Jun 30, 2023 | 6.35% |
| Mar 31, 2023 | 6.25% |
| Dec 31, 2022 | 6.16% |
| Sep 30, 2022 | 6.16% |
| Jun 30, 2022 | 9.14% |
| Mar 31, 2022 | 8.70% |
| Dec 31, 2021 | 8.42% |
API Access
Comcast Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=CMCSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "CMCSA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=CMCSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();