# Charter Communications (CHTR) Forecast Calculator

Interactive five-year financial forecast and DCF for Charter Communications. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/charter-communications/forecast
- Industry: Communications
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 45764000000 | 4553000000 | 16437000000 | 1668000000 |
| 2022 | 1100000000 | 7147000000 | 18109000000 | 3222000000 |
| 2023 | 1100000000 | 8604000000 | 19871000000 | 4654000000 |
| 2024 | 1100000000 | 5549000000 | 20865000000 | 5055000000 |
| 2025 | 993000000 | 3318000000 | 21255000000 | 4557000000 |

## Frequently asked questions

### What services does Charter Communications (Spectrum) provide?

Charter Communications, operating as Spectrum, is a leading broadband connectivity company and cable operator in the U.S. It offers residential and commercial broadband, video, mobile, and voice services over its hybrid fibre-coaxial (HFC) network to over 31 million customer relationships across 41 states.

### How does Charter Communications generate its revenue?

Charter Communications primarily generates revenue from its Residential segment, which accounts for approximately 78% of total revenue. Additional revenue streams come from Commercial services, Advertising Sales, and other segments, all derived from its subscription-based infrastructure business model.

### What are the key capital expenditure programs for Charter Communications?

Charter Communications' capital expenditure is heavily skewed towards growth, including significant investment in network evolution to deliver symmetrical multi-gigabit speeds, expected to complete in 2026. The company is also undertaking subsidised rural buildouts under the Rural Digital Opportunity Fund (RDOF) and recently announced the acquisition of Cox Communications. Capex is peaking at approximately 21% of revenue, or $11.7 billion in 2025.

### What are the main assumptions regarding Charter Communications' revenue growth and operating costs in the financial model?

The financial model assumes a Revenue_Growth of -0.2, indicating a slight projected decline. Key operating cost assumptions include COGS_Pct_Revenue at 0.55, RD_Pct_Revenue at 0.0, and SGA_Pct_Revenue at 0.8, reflecting the company's operational structure.

### What is the purpose of the financial model for Charter Communications?

The financial model projects Charter Communications' consolidated financial performance and cash flow generation. Its primary purpose is to evaluate the company's equity valuation and debt capacity, especially considering its ongoing network evolution capital expenditure program and the pending acquisition of Cox Communications.

### Can I download an Excel financial model for Charter Communications (CHTR)?

Yes, an Excel financial model for Charter Communications (CHTR) is available for download. This general corporate model provides projections from FY2026 to FY2030, allowing users to analyze the company's future financial performance and valuation.