Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

Analysis of Profitability Ratios

Microsoft Excel

Profitability Ratios (Summary)

Comcast Corp., profitability ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Return on Sales
Gross profit margin 70.08% 69.76% 68.53% 66.96% 68.02%
Operating profit margin 18.83% 19.18% 11.56% 17.89% 16.89%
Net profit margin 13.09% 12.66% 4.42% 12.17% 10.17%
Return on Investment
Return on equity (ROE) 18.92% 18.61% 6.63% 14.73% 11.66%
Return on assets (ROA) 6.08% 5.81% 2.09% 5.13% 3.85%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Comcast Corp. gross profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Comcast Corp. operating profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Comcast Corp. net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Comcast Corp. ROE improved from 2022 to 2023 and from 2023 to 2024.
ROA A profitability ratio calculated as net income divided by total assets. Comcast Corp. ROA improved from 2022 to 2023 and from 2023 to 2024.

Gross Profit Margin

Comcast Corp., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Gross profit 86,705 84,810 83,214 77,935 70,443
Revenue 123,731 121,572 121,427 116,385 103,564
Profitability Ratio
Gross profit margin1 70.08% 69.76% 68.53% 66.96% 68.02%
Benchmarks
Gross Profit Margin, Competitors2
Alphabet Inc. 58.20% 56.63% 55.38% 56.94% 53.58%
Meta Platforms Inc. 81.67% 80.76% 78.35% 80.79% 80.58%
Netflix Inc. 46.06% 41.54% 39.37% 41.64% 38.89%
Walt Disney Co. 35.75% 33.41% 34.24% 33.06% 32.89%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenue
= 100 × 86,705 ÷ 123,731 = 70.08%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Comcast Corp. gross profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Operating Profit Margin

Comcast Corp., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income 23,297 23,314 14,041 20,817 17,493
Revenue 123,731 121,572 121,427 116,385 103,564
Profitability Ratio
Operating profit margin1 18.83% 19.18% 11.56% 17.89% 16.89%
Benchmarks
Operating Profit Margin, Competitors2
Alphabet Inc. 32.11% 27.42% 26.46% 30.55% 22.59%
Meta Platforms Inc. 42.18% 34.66% 24.82% 39.65% 38.01%
Netflix Inc. 26.71% 20.62% 17.82% 20.86% 18.34%
Walt Disney Co. 9.11% 5.74% 7.90% 4.46% -2.97%
Operating Profit Margin, Sector
Media & Entertainment 29.12% 24.24% 20.46% 26.39% 20.33%
Operating Profit Margin, Industry
Communication Services 26.15% 22.22% 16.70% 22.45% 16.35%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Operating profit margin = 100 × Operating income ÷ Revenue
= 100 × 23,297 ÷ 123,731 = 18.83%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Comcast Corp. operating profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Net Profit Margin

Comcast Corp., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net income attributable to Comcast Corporation 16,192 15,388 5,370 14,159 10,534
Revenue 123,731 121,572 121,427 116,385 103,564
Profitability Ratio
Net profit margin1 13.09% 12.66% 4.42% 12.17% 10.17%
Benchmarks
Net Profit Margin, Competitors2
Alphabet Inc. 28.60% 24.01% 21.20% 29.51% 22.06%
Meta Platforms Inc. 37.91% 28.98% 19.90% 33.38% 33.90%
Netflix Inc. 22.34% 16.04% 14.21% 17.23% 11.05%
Walt Disney Co. 5.44% 2.65% 3.80% 2.96% -4.38%
Net Profit Margin, Sector
Media & Entertainment 25.03% 19.82% 15.14% 23.20% 17.27%
Net Profit Margin, Industry
Communication Services 20.97% 16.68% 11.47% 18.71% 11.50%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Net profit margin = 100 × Net income attributable to Comcast Corporation ÷ Revenue
= 100 × 16,192 ÷ 123,731 = 13.09%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Comcast Corp. net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Return on Equity (ROE)

Comcast Corp., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net income attributable to Comcast Corporation 16,192 15,388 5,370 14,159 10,534
Total Comcast Corporation shareholders’ equity 85,560 82,703 80,943 96,092 90,323
Profitability Ratio
ROE1 18.92% 18.61% 6.63% 14.73% 11.66%
Benchmarks
ROE, Competitors2
Alphabet Inc. 30.80% 26.04% 23.41% 30.22% 18.09%
Meta Platforms Inc. 34.14% 25.53% 18.45% 31.53% 22.72%
Netflix Inc. 35.21% 26.27% 21.62% 32.28% 24.96%
Walt Disney Co. 4.94% 2.37% 3.31% 2.25% -3.43%
ROE, Sector
Media & Entertainment 26.76% 21.29% 16.62% 23.69% 14.90%
ROE, Industry
Communication Services 23.59% 18.94% 13.32% 20.34% 11.50%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
ROE = 100 × Net income attributable to Comcast Corporation ÷ Total Comcast Corporation shareholders’ equity
= 100 × 16,192 ÷ 85,560 = 18.92%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Comcast Corp. ROE improved from 2022 to 2023 and from 2023 to 2024.

Return on Assets (ROA)

Comcast Corp., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net income attributable to Comcast Corporation 16,192 15,388 5,370 14,159 10,534
Total assets 266,211 264,811 257,275 275,905 273,869
Profitability Ratio
ROA1 6.08% 5.81% 2.09% 5.13% 3.85%
Benchmarks
ROA, Competitors2
Alphabet Inc. 22.24% 18.34% 16.42% 21.16% 12.60%
Meta Platforms Inc. 22.59% 17.03% 12.49% 23.72% 18.29%
Netflix Inc. 16.24% 11.10% 9.24% 11.48% 7.03%
Walt Disney Co. 2.53% 1.15% 1.54% 0.98% -1.42%
ROA, Sector
Media & Entertainment 15.48% 11.82% 9.07% 13.02% 8.04%
ROA, Industry
Communication Services 10.41% 7.94% 5.43% 8.36% 4.69%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
ROA = 100 × Net income attributable to Comcast Corporation ÷ Total assets
= 100 × 16,192 ÷ 266,211 = 6.08%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Comcast Corp. ROA improved from 2022 to 2023 and from 2023 to 2024.