Recent News
On November 19, 2025 a coalition of public-interest and labor groups filed a petition with the Federal Communications Commission asking the agency to deny Charter’s proposed combination with Cox, citing concerns about competition and consumer harms.
The California Public Utilities Commission announced a series of public forums in February 2026 to gather comment on the proposed Charter–Cox transaction, with multiple virtual and in-person sessions scheduled to inform the CPUC review process.
Technical Analysis
Directional indicators show an emerging trend: ADX at 24.2 signals emerging trend strength while DI+ increases and DI- shows a peak-and-reversal, implying a recent shift in directional control toward buyers relative to prior selling pressure.
MACD sits at -4.09 with a dip-and-reversal pattern and currently trades above its signal line (-4.33), a bullish momentum signal that supports the possibility of a short-term recovery in price action.
MRO reads -19.51, indicating the market price sits below the model target and therefore contains potential for upward adjustment; that gap amplifies implied upside if momentum holds.
RSI at 42.84 with a dip-and-reversal suggests the indicator cleared recent weakness and now allows for a mechanically stronger price response without being overbought.
Price relationships show recent strength versus short-term averages: the close at $206.12 sits above the 20-day average ($193.17) and 50-day average ($201.82) while remaining well below the 200-day average ($289.81), framing the market structure as short-term constructive but long-term still depressed. The super-trend lower at $188.70 provides a near-term technical support reference.
Volume on the most recent session (7.19M) exceeded the 10-day average (2.73M) and the 50/200-day averages, signaling elevated participation around the recent price move and reinforcing the significance of the MACD/DI directional shift.
Fundamental Analysis
Earnings and revenue: Latest reported EPS stood at $8.34 versus an estimate of $9.29, an EPS shortfall of about 10.23%. Total revenue totaled $13.672 billion; revenue growth registered roughly -1.85% year-over-year and declined about -4.02% sequentially, reflecting continued pressure in residential video and certain legacy lines.
Profitability measures remain comparatively strong: operating margin measures 23.77% and EBIT margin measures 21.96%, both above the industry peer mean for operating margin (9.06%) and industry peer mean for EBIT margin (18.58%). QoQ EBIT margin contracted roughly 4.71% and contracted about 5.08% YoY, indicating margin compression versus prior periods despite still-elevated absolute margins.
Cash generation looks robust on an absolute basis: operating cash flow reached $4.48 billion and free cash flow $1.429 billion, yielding a free-cash-flow yield of about 4.01% with QoQ and YoY improvements flagged in the provided growth metrics. Free cash to net income stands above 1.25x, supporting ongoing capital deployment despite leverage.
Leverage and coverage create the principal counterweight: net debt sits near $96.6 billion against a market cap of $35.6 billion and enterprise value of $132.2 billion, producing a debt/EBITDA around 18.8x and debt-to-equity near 6.33x—both well above the industry peer mean and near the peer high for debt-to-equity. Interest coverage registers about 2.37x, a modest cushion but materially tighter than typical investment-grade profiles.
Returns: return on equity equals roughly 7.41% and return on assets about 0.75%; ROE exceeds the industry peer mean, but declines QoQ and YoY indicate pressure on capital efficiency. Asset turnover remains low at roughly 0.09x, consistent with cable capital intensity.
Valuation metrics show a mixed picture: P/E near 33x, price-to-sales roughly 2.61x, and price-to-book about 2.32x. WMDST values the stock as over-valued, a conclusion that reflects elevated leverage relative to cash-generation risk and the current price multiples versus underlying capital structure.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-31 |
| NEXT REPORT DATE: | 2026-01-30 |
| CASH FLOW | Begin Period Cash Flow | $ 649.0 M |
| Operating Cash Flow | $ 4.5 B | |
| Capital Expenditures | $ -3.05 B | |
| Change In Working Capital | $ -154.00 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -128.00 M | |
| End Period Cash Flow | $ 521.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 13.7 B | |
| Forward Revenue | $ 4.6 B | |
| COSTS | ||
| Cost Of Revenue | $ 8.1 B | |
| Depreciation | $ 2.2 B | |
| Depreciation and Amortization | $ 2.2 B | |
| Research and Development | — | |
| Total Operating Expenses | $ 10.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 5.6 B | |
| EBITDA | $ 5.2 B | |
| EBIT | $ 3.0 B | |
| Operating Income | $ 3.2 B | |
| Interest Income | — | |
| Interest Expense | $ 1.3 B | |
| Net Interest Income | $ -1.27 B | |
| Income Before Tax | $ 1.7 B | |
| Tax Provision | $ 418.0 M | |
| Tax Rate | 24.106 % | |
| Net Income | $ 1.1 B | |
| Net Income From Continuing Operations | $ 1.3 B | |
| EARNINGS | ||
| EPS Estimate | $ 9.29 | |
| EPS Actual | $ 8.34 | |
| EPS Difference | $ -0.95 | |
| EPS Surprise | -10.226 % | |
| Forward EPS | $ 11.82 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 152.8 B | |
| Intangible Assets | $ 97.7 B | |
| Net Tangible Assets | $ -82.39 B | |
| Total Current Assets | $ 4.9 B | |
| Cash and Short-Term Investments | $ 464.0 M | |
| Cash | $ 464.0 M | |
| Net Receivables | $ 3.6 B | |
| Inventory | — | |
| Long-Term Investments | $ 5.1 B | |
| LIABILITIES | ||
| Accounts Payable | $ 965.0 M | |
| Short-Term Debt | $ 1.3 B | |
| Total Current Liabilities | $ 13.0 B | |
| Net Debt | $ 96.6 B | |
| Total Debt | $ 97.1 B | |
| Total Liabilities | $ 133.3 B | |
| EQUITY | ||
| Total Equity | $ 15.3 B | |
| Retained Earnings | $ -4.09 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 118.54 | |
| Shares Outstanding | 129.409 M | |
| Revenue Per-Share | $ 105.65 | |
| VALUATION | Market Capitalization | $ 35.6 B |
| Enterprise Value | $ 132.2 B | |
| Enterprise Multiple | 25.614 | |
| Enterprise Multiple QoQ | -1.755 % | |
| Enterprise Multiple YoY | 185.325 % | |
| Enterprise Multiple IPRWA | high: 112.271 median: 112.271 mean: 91.375 CHTR: 25.614 low: -40.383 |
|
| EV/R | 9.671 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.964 | |
| Asset To Liability | 1.147 | |
| Debt To Capital | 0.864 | |
| Debt To Assets | 0.635 | |
| Debt To Assets QoQ | -0.02 % | |
| Debt To Assets YoY | 5174.336 % | |
| Debt To Assets IPRWA | high: 1.719 CHTR: 0.635 median: 0.389 mean: 0.377 low: 0.0 |
|
| Debt To Equity | 6.328 | |
| Debt To Equity QoQ | 6.523 % | |
| Debt To Equity YoY | 4861.633 % | |
| Debt To Equity IPRWA | high: 6.623 CHTR: 6.328 median: 0.902 mean: 0.886 low: -3.274 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.322 | |
| Price To Book QoQ | -13.981 % | |
| Price To Book YoY | -30.088 % | |
| Price To Book IPRWA | high: 4.646 CHTR: 2.322 mean: 1.555 median: 1.21 low: -0.719 |
|
| Price To Earnings (P/E) | 33.001 | |
| Price To Earnings QoQ | -22.438 % | |
| Price To Earnings YoY | -11.608 % | |
| Price To Earnings IPRWA | high: 143.759 CHTR: 33.001 mean: 10.147 median: -0.697 low: -14.527 |
|
| PE/G Ratio | -3.607 | |
| Price To Sales (P/S) | 2.605 | |
| Price To Sales QoQ | -18.033 % | |
| Price To Sales YoY | -23.25 % | |
| Price To Sales IPRWA | high: 13.128 mean: 5.31 median: 4.82 CHTR: 2.605 low: 0.014 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 33.028 | |
| Forward PE/G | -3.61 | |
| Forward P/S | 10.235 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 7.849 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.09 | |
| Asset Turnover Ratio QoQ | -1.297 % | |
| Asset Turnover Ratio YoY | -2.992 % | |
| Asset Turnover Ratio IPRWA | high: 0.421 CHTR: 0.09 mean: 0.078 median: 0.062 low: 0.036 |
|
| Receivables Turnover | 3.826 | |
| Receivables Turnover Ratio QoQ | -4.671 % | |
| Receivables Turnover Ratio YoY | -15.868 % | |
| Receivables Turnover Ratio IPRWA | CHTR: 3.826 high: 3.376 median: 2.5 mean: 2.361 low: 0.396 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 23.85 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 11.162 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 152.205 CHTR: 11.162 mean: -67.248 median: -84.026 low: -103.513 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -1.682 | |
| CapEx To Revenue | -0.223 | |
| CapEx To Depreciation | -1.413 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 111.1 B | |
| Net Invested Capital | $ 112.4 B | |
| Invested Capital | $ 112.4 B | |
| Net Tangible Assets | $ -82.39 B | |
| Net Working Capital | $ -8.13 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.036 | |
| Current Ratio | 0.375 | |
| Current Ratio QoQ | 13.3 % | |
| Current Ratio YoY | 9.732 % | |
| Current Ratio IPRWA | high: 3.238 median: 2.306 mean: 2.109 low: 0.385 CHTR: 0.375 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 18.804 | |
| Cost Of Debt | 0.995 % | |
| Interest Coverage Ratio | 2.368 | |
| Interest Coverage Ratio QoQ | -5.732 % | |
| Interest Coverage Ratio YoY | -2.733 % | |
| Interest Coverage Ratio IPRWA | high: 19.755 CHTR: 2.368 mean: 2.335 median: 1.624 low: -20.773 |
|
| Operating Cash Flow Ratio | 0.25 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 12.689 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.832 % | |
| Revenue Growth | -0.683 % | |
| Revenue Growth QoQ | -402.212 % | |
| Revenue Growth YoY | -184.95 % | |
| Revenue Growth IPRWA | high: 13.721 % mean: 0.161 % CHTR: -0.683 % median: -0.694 % low: -26.54 % |
|
| Earnings Growth | -9.15 % | |
| Earnings Growth QoQ | -201.374 % | |
| Earnings Growth YoY | -335.4 % | |
| Earnings Growth IPRWA | high: 144.373 % CHTR: -9.15 % median: -10.4 % mean: -19.928 % low: -389.655 % |
|
| MARGINS | ||
| Gross Margin | 40.674 % | |
| Gross Margin QoQ | -17.888 % | |
| Gross Margin YoY | 1.999 % | |
| Gross Margin IPRWA | high: 97.869 % mean: 41.836 % CHTR: 40.674 % median: 36.701 % low: 35.137 % |
|
| EBIT Margin | 21.957 % | |
| EBIT Margin QoQ | -4.709 % | |
| EBIT Margin YoY | -5.08 % | |
| EBIT Margin IPRWA | high: 44.29 % CHTR: 21.957 % median: 19.506 % mean: 18.577 % low: -40.514 % |
|
| Return On Sales (ROS) | 23.771 % | |
| Return On Sales QoQ | -2.61 % | |
| Return On Sales YoY | 2.762 % | |
| Return On Sales IPRWA | high: 31.905 % CHTR: 23.771 % mean: 9.064 % median: 6.649 % low: -40.514 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.4 B | |
| Free Cash Flow Yield | 4.012 % | |
| Free Cash Flow Yield QoQ | 75.734 % | |
| Free Cash Flow Yield YoY | 39.986 % | |
| Free Cash Flow Yield IPRWA | high: 19.686 % CHTR: 4.012 % mean: 0.644 % median: 0.145 % low: -16.117 % |
|
| Free Cash Growth | 43.043 % | |
| Free Cash Growth QoQ | -219.15 % | |
| Free Cash Growth YoY | 63.998 % | |
| Free Cash Growth IPRWA | high: 149.051 % CHTR: 43.043 % median: -0.142 % mean: -30.409 % low: -386.692 % |
|
| Free Cash To Net Income | 1.257 | |
| Cash Flow Margin | 23.742 % | |
| Cash Flow To Earnings | 2.855 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.747 % | |
| Return On Assets QoQ | -13.14 % | |
| Return On Assets YoY | -13.038 % | |
| Return On Assets IPRWA | high: 5.511 % CHTR: 0.747 % mean: -0.319 % median: -0.817 % low: -5.215 % |
|
| Return On Capital Employed (ROCE) | 2.146 % | |
| Return On Equity (ROE) | 0.074 | |
| Return On Equity QoQ | -7.65 % | |
| Return On Equity YoY | -18.361 % | |
| Return On Equity IPRWA | high: 0.148 CHTR: 0.074 mean: -0.008 median: -0.019 low: -0.202 |
|
| DuPont ROE | 7.208 % | |
| Return On Invested Capital (ROIC) | 2.027 % | |
| Return On Invested Capital QoQ | -8.197 % | |
| Return On Invested Capital YoY | -99.127 % | |
| Return On Invested Capital IPRWA | high: 7.43 % CHTR: 2.027 % mean: 1.307 % median: 1.058 % low: -5.54 % |
|