CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Communication services companies with the highest free cash flow

Free cash flow is operating cash flow minus capital expenditure: what is left once the company has paid to maintain and expand its asset base. We calculate it from two lines in the same filing, and a company is only ranked here if it reported both. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–98 of 98 · Fiscal year 2025 · Data as of September 25, 2026

Comcast (CMCSA) tops the list with $21.9B in free cash flow for fiscal 2025, ahead of Verizon Communications ($20.5B) and AT&T ($19.4B). The top 10 together report $113B in free cash flow; the gap between #1 and #10 is ×7.31. 98 companies in Communication services report free cash flow, 4.7% of the 2084-filer universe. The last place on the list, Marcus, comes in at $989,000.

Free cash flow
#CompanyFree cash flowYoY15-year trend
1ComcastCMCSAUS$21.9B+41.3%
2Verizon CommunicationsVZUS$20.5B+150.0%
3AT&TTUS$19.4B+5.0%
4T-Mobile USTMUSUS$18.0B+33.8%
5Walt DisneyDISUS$10.1B+17.7%
6NetflixNFLXUS$9.5B+36.7%
7Charter CommunicationsCHTRUS$4.4B+39.8%
8Spotify TechnologySPOTLU$3.2B+31.3%
9Warner Bros. DiscoveryWBDUS$3.1B−30.2%
10FoxFOXAUS$3.0B+100.2%
11Omnicom GroupOMCUS$2.8B+75.1%
12BceBCECA$2.4B+4.4%
13Thomson ReutersTRICA$2.0B+9.0%
14Versant MediaVSNTUS$1.9B−14.0%
15VeonVEONAE$1.7B—
16TimTIMBBR$1.6B+10.3%
17Rogers CommunicationsRCICA$1.6B+36.2%
18TelusTUCA$1.5B−5.1%
19Sirius XMSIRIUS$1.2B+22.9%
20Millicom International CellularTIGOLU$1.1B+2.0%
21Sunrise CommunicationsSNNRFCH$863M+2.9%
22WPPWPPGB$835M−46.4%
23Liberty MediaFWONAUS$789M+60.4%
24PearsonPSOGB$777M−16.4%
25Nexstar MediaNXSTUS$743M−32.8%
26Ihs HoldingIHSGB$719M+45.4%
27Churchill DownsCHDNUS$700M+1.7%
28DraftkingsDKNGUS$648M+58.9%
29GlobalstarGSATUS$617M−$117,000
30NewsNWSAUS$571M−22.9%
31New York TimesNYTUS$551M+44.4%
32Warner MusicWMGUS$539M−15.5%
33ViasatVSATUS$513M−$276M
34RokuROKUUS$478M+124.6%
35SESSGBAFLU$436M−44.5%
36Lumen TechnologiesLUMNUS$371M−66.3%
37Live Nation EntertainmentLYVUS$334M−69.1%
38Vail ResortsMTNUS$320M−15.4%
39Kyivstar GroupKYIVAE$311M+16.0%
40Liberty Latin AmericaLILAUS$306M+41.7%
41Iridium CommunicationsIRDMUS$300M−2.0%
42Ziff DavisZDUS$288M+1.5%
43Cable OneCABOUS$278M−26.4%
44Amc Global MediaAMCXUS$272M−17.7%
45Planet FitnessPLNTUS$255M+34.9%
46StagwellSTGWUS$247M+99.5%
47Mcgraw HillMHUS$246M−57.2%
48John Wiley & SonsWLYUS$209M+48.4%
49CimpressCMPRIE$209M−29.3%
50CriteoCRTOLU$208M+15.8%
51Telephone & Data SystemsTDSUS$199M−74.5%
52Stubhub HoldingsSTUBUS$191M−26.4%
53Gray MediaGTNUS$181M−70.2%
54DeluxeDLXUS$175M+75.3%
55Array Digital InfrastructureADUS$174M−79.9%
56Rush Street InteractiveRSIUS$164M+55.6%
57United Parks & ResortsPRKSUS$163M−29.8%
58AdeiaADEAUS$156M−25.8%
59Liberty CapitalGLIBAUS$122M+293.5%
60CalixCALXUS$116M+129.4%
61SinclairSBGIUS$115M+721.4%
62IdtIDTUS$106M+79.3%
63Madison Square Garden SportsMSGSUS$88.0M−3.0%
64IbottaIBTAUS$75.0M−34.8%
65Onespaworld HoldingsOSW$68.4M−5.0%
66GogoGOGOUS$65.1M+133.2%
67Genius SportsGENIGB$64.5M−7.2%
68USA TodayTDAYUS$62.9M+23.9%
69Accel EntertainmentACELUS$62.0M+13.4%
70Cinemark HoldingsCNKUS$55.5M+$485M
71Acco BrandsACCOUS$51.0M−56.7%
72Quad/GraphicsQUADUS$50.7M−9.0%
73GrouponGRPNUS$49.9M+23.0%
74Reservoir MediaRSVRUS$49.7M+9.9%
75AngiANGIUS$45.5M−56.9%
76Atn InternationalATNIUS$43.9M+150.3%
77Cpi CardPMTSUS$41.3M+21.4%
78EnnisEBFUS$41.0M−31.6%
79Paradium.AiPAAIUS$39.2M+$55.4M
80Manchester UnitedMANUGB$36.9M−57.7%
81New Royal Holdco IGDENUS$35.6M−16.2%
82Clear Channel OutdoorCCOUS$32.0M+$94.6M
83Thryv HoldingsTHRYUS$31.1M−44.6%
84Spok HoldingsSPOKUS$25.2M−2.0%
85Xponential FitnessXPOFUS$24.7M+255.2%
86GrandstandGRSD$18.2M−49.8%
87TechtargetTTGTUS$16.0M+$81.2M
88Townsquare MediaTSQUS$15.4M−50.9%
89Lionsgate StudiosLIONCA$11.4M+$191M
90Pursuit Attractions & HospitalityPRSUUS$11.1M+1,450.3%
91IheartmediaIHRTUS$10.9M+$37.1M
92E.W. ScrippsSSPUS$6.5M−97.8%
93Webtoon EntertainmentWBTNUS$3.6M−76.8%
94Entravision CommunicationsEVCUS$3.5M−94.7%
95National CinemediaNCMIUS$2.8M−94.9%
96IqiyiIQCN$1.4M−99.5%
97Mediaco HoldingMDIAUS$1.2M+$22.2M
98MarcusMCSUS$989,000−96.0%

All figures from SEC filings · FY2025 · 98

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{{cite web |title=Communication services companies with the highest free cash flow |url=https://companiesranked.com/en/communication-services-companies-with-the-highest-free-cash-flow |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-communication-services-companies-with-the-highest-free-cash-flow-2026,
  author       = {{CompaniesRanked}},
  title        = {{Communication services companies with the highest free cash flow}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/communication-services-companies-with-the-highest-free-cash-flow}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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