Comcast Corp (CMCSA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 107,098,000 | 98,141,000 | 93,805,000 | 82,763,000 | 87,188,000 |
| Revenue | US$ in thousands | 121,572,000 | 121,427,000 | 116,385,000 | 103,564,000 | 108,942,000 |
| Gross profit margin | 88.09% | 80.82% | 80.60% | 79.91% | 80.03% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $107,098,000K ÷ $121,572,000K
= 88.09%
The gross profit margin of Comcast Corp has remained constant at 100.00% for the past five years, indicating that the company has been able to effectively control the cost of goods sold relative to its revenue. This high level of gross profit margin reflects the company's ability to generate significant profits from its core business operations. However, it's important to note that a gross profit margin of 100.00% may not be sustainable in the long term and could potentially indicate the need for further analysis into the company's cost structures and pricing strategies.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Comcast Corp
CMCSA
88.09%
AMC Networks Inc
AMCX
48.30%
Cable One Inc
CABO
53.19%
Charter Communications Inc
CHTR
89.63%
Warner Bros Discovery Inc
WBD
-10.44%