Comcast Corp (CMCSA)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 88.09% | 80.82% | 80.60% | 79.91% | 80.03% |
| Operating profit margin | 19.18% | 11.56% | 17.89% | 16.89% | 19.39% |
| Pretax margin | 17.08% | 8.01% | 16.68% | 13.42% | 15.36% |
| Net profit margin | 12.66% | 4.42% | 12.17% | 10.17% | 11.99% |
Comcast Corp's profitability ratios depict a consistent trend of healthy margins over the past five years. The gross profit margin remained at an impressive 100% for each year, signaling efficient management of production costs and strong pricing strategies. The operating profit margin also exhibited stability, ranging from 16.78% to 19.61%, indicating effective control over operating expenses and solid operational performance.
The pretax margin experienced fluctuations, with a significant increase in 2023 compared to the prior year. This suggests that Comcast effectively managed its pre-tax earnings in 2023, leading to a higher pretax margin. Additionally, the net profit margin demonstrated an upward trajectory, reaching 12.66% in 2023 from 4.42% in 2022, showcasing the company's strong ability to convert revenues into profits.
Overall, Comcast Corp's profitability ratios reflect consistent and commendable performance, demonstrating efficient cost management and a solid ability to generate profits over the years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.80% | 5.46% | 7.54% | 6.39% | 8.02% |
| Return on assets (ROA) | 5.81% | 2.09% | 5.13% | 3.85% | 4.96% |
| Return on total capital | 14.21% | 8.12% | 11.54% | 8.56% | 10.73% |
| Return on equity (ROE) | 18.61% | 6.63% | 14.73% | 11.66% | 15.78% |
Comcast Corp's profitability ratios indicate a generally positive trend over the past five years. The operating return on assets (Operating ROA) has shown consistent improvement, increasing from 7.83% in 2019 to 8.80% in 2023. This indicates that the company is effectively generating operating income from its assets.
The return on assets (ROA) has also shown improvement, with a significant increase from 2.09% in 2022 to 5.81% in 2023. This suggests that Comcast Corp's ability to generate profits from its total assets has strengthened.
Furthermore, the return on total capital has shown a steady increase, reaching 13.41% in 2023, indicating the company's efficient use of all capital employed to generate profits.
The return on equity (ROE) has also shown a remarkable improvement, increasing from 6.64% in 2022 to 18.61% in 2023, reflecting the company's ability to generate a higher profit on shareholder equity.
Overall, these profitability ratios demonstrate Comcast Corp's improving profitability and efficient utilization of its assets and capital, which may be indicative of effective management and operational performance.