Comcast Corp (CMCSA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 15,388,000 | 5,370,000 | 14,159,000 | 10,534,000 | 13,057,000 |
| Revenue | US$ in thousands | 121,572,000 | 121,427,000 | 116,385,000 | 103,564,000 | 108,942,000 |
| Net profit margin | 12.66% | 4.42% | 12.17% | 10.17% | 11.99% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $15,388,000K ÷ $121,572,000K
= 12.66%
The net profit margin of Comcast Corp has exhibited some variability over the past five years. It increased significantly from 2019 to 2021, reaching 12.16%, indicating that the company efficiently converted its revenue into profit during that period. However, there was a notable drop in 2022, with the net profit margin decreasing to 4.42%. This decline suggests a reduction in the company's ability to generate profit relative to its revenue. Nonetheless, in 2023, Comcast Corp managed to substantially improve its net profit margin to 12.66%, surpassing the levels seen in 2021. Overall, while there has been some fluctuation, the company has generally maintained healthy levels of net profit margin, representing a reasonable ability to translate sales into profit.
Peer comparison
Dec 31, 2023