CMCSA vs FOXA: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of August 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: CMCSA is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. CMCSA and FOXA share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined CMCSA and FOXA exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

Comcast is a global media and technology company built on three main pillars. Its Connectivity and Platforms business, anchored by Xfinity, is one of the largest US broadband and cable providers, selling high-speed internet, video, mobile (Xfinity Mobile), and home services to tens of millions of households, plus business connectivity. Its Content and Experiences business includes NBCUniversal, which owns the NBC broadcast network, cable networks (USA, Bravo, MSNBC, CNBC), the Peacock streaming service, Universal Pictures film studio, and Universal theme parks worldwide. Comcast also owns Sky, a major European media and broadband operator. The company makes money primarily from recurring broadband and connectivity subscriptions, which are its most profitable and stable revenue, supplemented by advertising, content licensing, box-office and streaming revenue, and theme-park admissions. Comcast is headquartered in Philadelphia and generates substantial free cash flow that funds dividends and buybacks.

Full CMCSA guide

Fox Corporation runs two main segments. Cable Network Programming holds Fox News Media, FS1, FS2 and the Big Ten Network, and it is the profit engine: it earns affiliate fees from cable, satellite and virtual pay-TV distributors plus advertising. The Television segment holds the FOX broadcast network, the owned and operated local stations, Fox Entertainment and Tubi, and it carries most of the sports rights costs, including the NFL, MLB, college football and, in fiscal 2026, the FIFA Men's World Cup. Fox deliberately kept only content that people watch live, on the theory that live sports and live news are the last programming a distributor cannot drop and an advertiser cannot skip.

Full FOXA guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• CMCSA drivers: Broadband cash engine; Wireless and convergence.
• FOXA drivers: Live sports as the scarce inventory; Tubi and digital advertising.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: Comcast's core video business is in secular decline as cord-cutting erodes traditional cable-TV subscribers, and broadband subscriber growth has stalled or turned negative under heavy competition from fiber overbuilders (AT and T, others) and fixed-wireless from T-Mobile and Verizon. For FOXA, the central structural risk is pay-TV subscriber decline: distribution revenue was roughly flat in fiscal 2026 because higher affiliate rates only just offset subscriber losses, and rate increases cannot outrun that erosion forever.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick CMCSA if you believe its drivers more; FOXA if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the CMCSA and FOXA guides.

CMCSA. Comcast trades at a low earnings multiple relative to the market, reflecting investor concern about cord-cutting, slowing broadband growth, and media disruption. The bull case rests on a high-margin broadband cash engine, growing wireless and theme parks, a solid dividend yield, and aggressive buybacks. The cheap valuation is the market pricing structural decline against still-robust cash generation.

FOXA. Figures are approximate, tied to the August 2026 asOf date, and worth checking live before acting on them. Fox has historically traded at a discount to media peers on earnings and cash flow, which reflects the market's discount for a shrinking affiliate base rather than a discount for poor execution. The trailing multiple also flatters fiscal 2026, because that year carried the FIFA Men's World Cup, and the Roku acquisition will materially change both the share count and the debt load once it closes.

Headline figures (approximate, early 2026): CMCSA shows revenue (ttm) ~$120 billion, operating margin ~18-20%, net income (ttm) ~$15 billion, dividend yield ~3-3.5%; FOXA shows revenue (ttm, fiscal year ended june 2026) ~$17.13 billion, net income (fy2026) ~$1.73 billion, adjusted ebitda (fy2026) ~$3.91 billion, q4 fy2026 revenue ~$4.21 billion, up ~28% year over year.

CMCSA and FOXA are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined CMCSA and FOXA exposure against your real portfolio. It is not an investment adviser.