Comcast Corp (CMCSA)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 20,759,000 | 9,729,000 | 19,418,000 | 13,898,000 | 16,730,000 |
| Revenue | US$ in thousands | 121,572,000 | 121,427,000 | 116,385,000 | 103,564,000 | 108,942,000 |
| Pretax margin | 17.08% | 8.01% | 16.68% | 13.42% | 15.36% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $20,759,000K ÷ $121,572,000K
= 17.08%
The pretax margin of Comcast Corp has fluctuated over the past five years. In 2023, the pretax margin significantly improved to 16.84% from 7.65% in 2022, showing a strong upward trend. This increase indicates that the company was more efficient in generating profits before considering tax expenses in 2023 compared to the previous year. However, it is worth noting that the pretax margin was higher in 2021 at 16.40%, suggesting that the company experienced a dip in profitability in 2022. The pretax margin in 2020 was 13.58%, showing a moderate increase compared to the previous year, while in 2019, the pretax margin stood at 15.60%. Overall, the pretax margin has shown variability, indicating changes in the company's ability to generate operating profits before taxes over the years.
Peer comparison
Dec 31, 2023