Comcast Corp (CMCSA)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 20,759,000 | 20,429,000 | 11,331,000 | 10,203,000 | 9,730,000 | 9,872,000 | 18,726,000 | 19,807,000 | 19,418,000 | 19,815,000 | 17,303,000 | 15,499,000 | 13,898,000 | 13,562,000 | 14,796,000 | 14,948,000 | 16,730,000 | 15,704,000 | 15,597,000 | 15,804,000 |
| Revenue (ttm) | US$ in thousands | 121,572,000 | 120,872,000 | 120,606,000 | 120,109,000 | 121,428,000 | 121,211,000 | 121,660,000 | 120,190,000 | 116,385,000 | 113,757,000 | 108,991,000 | 104,160,000 | 103,564,000 | 104,254,000 | 105,549,000 | 108,692,000 | 108,942,000 | 108,390,000 | 103,698,000 | 98,575,000 |
| Pretax margin | 17.08% | 16.90% | 9.40% | 8.49% | 8.01% | 8.14% | 15.39% | 16.48% | 16.68% | 17.42% | 15.88% | 14.88% | 13.42% | 13.01% | 14.02% | 13.75% | 15.36% | 14.49% | 15.04% | 16.03% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $20,759,000K ÷ $121,572,000K
= 17.08%
The pretax margin of Comcast Corp has shown some fluctuation over the past several quarters. In the most recent quarter, ending December 31, 2023, the pretax margin increased to 16.84%, which was a positive sign as it indicates that the company was able to generate a higher level of pre-tax profit relative to its revenue. This improvement follows a previous increase in the September 2023 quarter, suggesting a positive trend.
However, it's worth noting that there was a significant drop in the pretax margin in the June 2023 quarter, where it decreased to 9.11% from the previous quarter's 16.63%. The company's ability to generate pre-tax profit relative to its sales decreased during this period, which could be a cause for concern.
It's important to consider the factors that may have led to these fluctuations, and to closely monitor future quarterly results to assess the sustainability of the improving trend in pretax margin. Overall, while there have been fluctuations, the recent increase in pretax margin is a positive signal for Comcast Corp.
Peer comparison
Dec 31, 2023