Comcast management check
CMCSA · Communication Services · Cable & Satellite · CEO Brian L Roberts
Filings as of
4 good · 0 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $66, against $96 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.64 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- n/a
Do they own the stock?
No recent CEO filingNo open-market insider buying or selling in the last six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -5.4% a year over the last three fiscal years. Stock-based pay was 1.0% of revenue in the latest year.
- Good
Is leadership stable?
7 leadership filings in 3 yearsCEO in the pay table: Mr. Roberts. 7 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Communication Services.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 10 | 27 | |
| Pay for performance | 82 | 76 | |
| CEO cost | — | — | 72 |
| Skin in the game | — | — | 75 |
| Dilution | 100 | 65 | |
| Stable leadership | 90 | 93 | |
| Clean books | 100 | 100 |
Closest peers
Others in Cable & Satellite, by management score. Comcast is 5th of 18 in its sector.
Pay versus performance
From the proxy statement filed April 24, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Roberts | $35.1m | $13.7m | $27.1m | $66 | $96 | — |
| 2024 | Mr. Roberts | $33.9m | −$1.6m | $15.7m | $79 | $92 | — |
| 2023 | Mr. Roberts | $35.5m | $71.2m | $14.5m | $90 | $78 | — |
| 2022 | Mr. Roberts | $32.1m | −$4.1m | $24.7m | $70 | $71 | — |
| 2021 | Mr. Roberts | $34.0m | $31.9m | $21.9m | $98 | $92 | — |
The board says pay is tied most to Adjusted EBITDA. Its other key measures: Free Cash Flow, Revenue, ROIC, Adjusted EPS growth (relative to S&P 100 EPS).
Insiders and the CEO's stake
Brian L Roberts (Chairman of Board & Co-CEO) held 5,391,826 shares directly after their latest Form 4 on Sep 2, 2026.
No open-market insider buying or selling in the last six months.
Leadership and governance on file
- Feb 27, 2026Leadership change8-K 5.02
- Dec 23, 2025Leadership change8-K 5.02
- Sep 29, 2025Leadership change8-K 5.02
- Jun 20, 2025Leadership change8-K 5.02
- Mar 19, 2025Leadership change8-K 5.02
- Apr 15, 2024Leadership change8-K 5.02
- Dec 6, 2023Leadership change8-K/A 5.02
- Oct 3, 2023Leadership change8-K 5.02
- Jun 9, 2023Leadership change8-K 5.02
- Apr 24, 2023Leadership change8-K 5.02
- Mar 15, 2023Leadership change8-K 5.02
- Jan 6, 2023Leadership change8-K 5.02
Latest shareholder vote results: Jun 12, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $69.3bn returned to owners in buybacks and dividends, 97% of net income, and $6.5bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $116.4bn | $121.4bn | $121.6bn | $123.7bn | $123.7bn |
| Net income | $14.2bn | $5.4bn | $15.4bn | $16.2bn | $20.0bn |
| Stock-based pay | $1.3bn | $1.3bn | $1.2bn | $1.3bn | $1.3bn |
| Buybacks | $4.7bn | $13.3bn | $11.3bn | $9.1bn | $7.2bn |
| Dividends | $4.5bn | $4.7bn | $4.8bn | $4.8bn | $4.9bn |
| Diluted shares | 4654m | 4430m | 4148m | 3908m | 3709m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.