# Charter Communications Inc. (CHTR) — Financial Analysis

**Exchange:** NASDAQ  
**Coverage as of:** 2026-Q2  
**Updated:** 2026-05-18  
**Tier:** Free primer (step 2 of 19)  
**Sibling pages:** /stocks/CHTR/thesis · /stocks/CHTR/memo

## Financial Snapshot

---
ticker: CHTR
step: 04
generated: 2026-05-13
source: quick-research
---

### Charter Communications Inc. (CHTR) — Financial Snapshot

#### Income Statement Summary

| Metric | FY2022 | FY2023 | FY2024 | YoY |
|--------|--------|--------|--------|-----|
| Revenue | $54.02B | $54.61B | $55.09B | +0.9% |
| Adj. EBITDA | ~$22B | ~$22.5B | ~$22.8B | ~+1.3% |
| Net Income | ~$5.1B | $4.56B | $5.08B | +11.5% |
| EPS (diluted, adj.) | ~$31 | ~$33 | ~$38 | ~+15% |

*FY2025: Operating cash flows $16.1B (+12% vs FY2024 $14.4B); FCF grew from $4.3B in FY2024 on lower taxes and interest. Normalized EPS consensus ~$42.9 in FY2026 (+18%).*

#### Cash Flow & Balance Sheet (FY2024)

| Metric | Value |
|--------|-------|
| Operating Cash Flow | $14.4B |
| Free Cash Flow | $4.3B |
| Capital Expenditures | ~$11.5B |
| Cash & Equivalents | ~$1.0B |
| Total Debt | ~$100B |

*FCF is heavily suppressed by the Network Evolution capex cycle — $12B in 2025, declining to $7B by 2028. Bulls project FCF more than doubling as capex normalizes.*

#### Key Ratios (approximate)
- P/E: ~6x (adj. FY2025) | EV/EBITDA: ~7x | FCF Yield: Low during capex peak, rising post-2027
- Revenue Growth: ~1% annually (subscriber losses offset by ARPU increases)

#### Growth Profile
Charter's revenue is nearly flat as broadband subscriber losses (120K in Q1 2026) are offset by broadband ARPU increases and rapid Spectrum Mobile growth (2.1M+ lines in the past year). The financial story is entirely about the capex cycle: $12B in 2025 declining to $7B by 2028 implies a $5B annual FCF uplift — potentially transforming Charter from a modest FCF generator to a $10B+ FCF machine. Debt is elevated (~$100B) but manageable given the EBITDA base; $500M in Cox synergies add incremental upside post-close.

#### Forward Estimates
- FY2026 normalized EPS: ~$42.9 (+18%); FY2027: ~$47 (+10%)
- Cox acquisition: $34.5B, closing mid-2026; $500M synergies within 3 years
- Capex: $12B (2025) → $11B (2026) → $7B (2028+) — key FCF inflection driver
- Spectrum Mobile: 2.1M+ lines added past year; fastest-growing US mobile provider
- Analyst mean PT: $276.80 (+26% upside from ~$220; 5 Buy / 9 Hold / 5 Underperform/Sell)

## Deeper Financial Analysis

The fundamental tier ($1.00) adds 8 dimensions not included here:

- Revenue Breakdown — segment revenue, geographic mix, product-line margins
- Financial Trends — QoQ momentum, leading indicators, inflection points
- Balance Sheet — debt structure, dilution risk, working capital dynamics
- Capital Allocation — ROIC, buyback cadence, reinvestment efficiency
- Earnings Analysis — beats/misses, guidance vs actuals, transcript highlights
- Competitive Positioning — market share, pricing power, peer benchmarks
- Industry Context — TAM, sector tailwinds/headwinds, regulatory backdrop

**API endpoint:** GET /api/v1/research/CHTR/fundamental

## Navigation

- Overview: /stocks/CHTR
- Financials (this page): /stocks/CHTR/financials
- Thesis: /stocks/CHTR/thesis
- Investment Memo: /stocks/CHTR/memo
- Coverage universe: /stocks