Comcast Corp (CMCSA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 23,314,000 | 14,041,000 | 20,817,000 | 17,493,000 | 21,125,000 |
| Revenue | US$ in thousands | 121,572,000 | 121,427,000 | 116,385,000 | 103,564,000 | 108,942,000 |
| Operating profit margin | 19.18% | 11.56% | 17.89% | 16.89% | 19.39% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $23,314,000K ÷ $121,572,000K
= 19.18%
The operating profit margin of Comcast Corp has shown variability over the past five years. In 2023, the operating profit margin increased to 19.18% from 18.19% in 2022, indicating the company's ability to generate more profit from its operations relative to revenue. However, in 2021, the margin decreased to 19.61% from 16.78% in 2020, before slightly rebounding in 2022. The 2019 margin was higher than in 2020, standing at 18.93%.
The fluctuation in operating profit margin suggests that the company's operational efficiency and cost management have been somewhat inconsistent. Investors may seek further insights into the factors driving these changes, as well as management's strategies to maintain or improve the margin in the future. Additionally, comparing Comcast's operating profit margin to industry benchmarks and its competitors could provide a broader context for evaluating its performance.
Peer comparison
Dec 31, 2023