Charter Communications
CHTR · NasdaqCable & Other Pay Television Services · Fiscal year ends Dec 31
Charter Communications reported revenue of $54.8B in the fiscal year ended Dec 2025, down 0.6% from the year before. Operating income was $12.9B, an operating margin of 23.6%, and net income was $5B. Operating cash flow of $16.1B less capital expenditure of $11.7B left free cash flow of $4.4B. Net debt was $94.3B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $51.7B | $54B | $54.6B | $55.1B | $54.8B |
| Operating income | $10.5B | $12B | $12.6B | $13.1B | $12.9B |
| Net interest incomeBanks | −$4B | −$4.6B | −$5.2B | – | – |
| Pre-tax income | $6.4B | $7.5B | $6.9B | $7.5B | $7.5B |
| Income tax | $1.1B | $1.6B | $1.6B | $1.6B | $1.7B |
| Net income | $4.7B | $5.1B | $4.6B | $5.1B | $5B |
| Diluted EPS | 24.47 | 30.74 | 29.99 | 34.97 | 36.21 |
| Diluted shares | 193M | 164M | 152M | 145M | 138M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $601M | $645M | $709M | $459M | $477M |
| Receivables | $2.6B | $2.9B | $3B | $3.1B | $3.7B |
| Current assets | $3.6B | $4B | $4.1B | $4.2B | $5.1B |
| Net PP&E | $34.3B | $36B | $39.5B | $42.9B | $46.4B |
| Goodwill | $29.6B | $29.6B | $29.7B | $29.7B | $29.7B |
| Total assets | $142B | $145B | $147B | $150B | $154B |
| Deferred revenue | $461M | $511M | $509M | $456M | $422M |
| Current liabilities | $12.5B | $12.1B | $13.2B | $13.5B | $13.3B |
| Short-term debt | $3B | $1.5B | $2B | $1.8B | $750M |
| Long-term debt | $88.6B | $96.1B | $95.8B | $92.1B | $94B |
| Shareholders' equity | $14.1B | $9.1B | $11.1B | $15.6B | $16.1B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $16.2B | $14.9B | $14.4B | $14.4B | $16.1B |
| Capital expenditure | $7.6B | $9.4B | $11.1B | $11.3B | $11.7B |
| Free cash flow | $8.6B | $5.5B | $3.3B | $3.2B | $4.4B |
| Depreciation & amortisation | $9.3B | $8.9B | $8.7B | $8.7B | $8.7B |
| Stock-based compensation | $430M | $470M | $692M | $651M | $673M |
| Share buybacks | $15.4B | $10.3B | $3.2B | $1.2B | $5.1B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 4.5% | 1.1% | 0.9% | −0.6% |
| Operating income growth (YoY) | – | 13.6% | 5.0% | 4.5% | −1.6% |
| EPS growth (YoY) | – | 25.6% | −2.4% | 16.6% | 3.5% |
| Operating margin | 20.4% | 22.1% | 23.0% | 23.8% | 23.6% |
| Net margin | 9.0% | 9.4% | 8.3% | 9.2% | 9.1% |
| Return on equityBlank when equity is negative | 33.1% | 55.4% | 41.1% | 32.6% | 31.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 8.1% | 9.0% | 9.4% | 9.6% | 9.2% |
| Free cash flow margin | 16.6% | 10.3% | 6.1% | 5.7% | 8.1% |
| Cash conversion (CFO ÷ net income) | 3.49x | 2.95x | 3.17x | 2.84x | 3.22x |
| Receivable days | 18 | 20 | 20 | 21 | 25 |
| Debt ÷ equity | 6.52x | 10.7x | 8.82x | 6.03x | 5.90x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $91B | $97B | $97.1B | $93.5B | $94.3B |
| Current ratio | 0.29x | 0.33x | 0.31x | 0.31x | 0.39x |
Recent filings
More in Cable & Other Pay Television Services
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.