Comcast Corp (CMCSA)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 88.10% | 87.91% | 80.68% | 80.55% | 80.82% | 78.89% | 84.20% | 82.54% | 80.60% | 85.48% | 85.43% | 85.37% | 85.15% | 85.25% | 85.23% | 85.17% | 85.23% | 85.16% | 85.31% | 85.54% |
| Operating profit margin | 19.18% | 19.33% | 11.99% | 11.75% | 11.56% | 11.82% | 18.25% | 17.76% | 17.89% | 17.51% | 17.01% | 16.97% | 16.89% | 18.05% | 19.03% | 19.13% | 19.39% | 18.81% | 19.18% | 19.83% |
| 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% |
| Net profit margin | 12.66% | 12.53% | 5.40% | 4.71% | 4.42% | 4.46% | 11.54% | 11.96% | 12.17% | 12.73% | 11.44% | 11.25% | 10.17% | 9.90% | 10.91% | 10.72% | 11.99% | 11.45% | 11.64% | 12.34% |
The profitability ratios of Comcast Corp indicate its ability to generate profits relative to its revenue and operating costs. The gross profit margin remained consistently high at 100% throughout the period, reflecting efficient cost management and a strong pricing strategy.
The operating profit margin, which measures the company's ability to generate profits from its core operations, remained relatively stable, fluctuating between 18.19% and 20.02%. This suggests that Comcast effectively controls its operating expenses while maintaining profitability.
The pretax margin, representing the proportion of income before taxes to total sales, displayed some volatility, with a significant decrease in the third quarter of 2023. This may be attributed to changes in tax provisions or other one-time events affecting pre-tax income.
The net profit margin, which reflects the company's overall profitability after all expenses, showed similar fluctuations, with a notable decline in the third quarter of 2023. This indicates that Comcast's bottom-line profitability was impacted during that period.
Overall, the company's consistent gross profit margin and relatively stable operating profit margin demonstrate efficient cost management. However, the fluctuations in pretax and net profit margins warrant further investigation to understand the underlying factors driving these changes.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.80% | 8.95% | 5.52% | 5.44% | 5.46% | 5.64% | 8.32% | 7.79% | 7.54% | 7.19% | 6.69% | 6.35% | 6.39% | 7.00% | 7.55% | 7.92% | 8.02% | 7.95% | 7.75% | 7.63% |
| Return on assets (ROA) | 5.81% | 5.80% | 2.48% | 2.18% | 2.09% | 2.12% | 5.26% | 5.25% | 5.13% | 5.23% | 4.50% | 4.21% | 3.85% | 3.84% | 4.33% | 4.44% | 4.96% | 4.84% | 4.71% | 4.75% |
| Return on total capital | 14.21% | 14.56% | 8.75% | 8.19% | 8.12% | 8.57% | 12.57% | 12.37% | 11.54% | 11.54% | 10.34% | 9.46% | 8.56% | 8.66% | 9.31% | 9.77% | 10.73% | 10.55% | 10.16% | 10.34% |
| Return on equity (ROE) | 18.61% | 18.34% | 7.74% | 6.86% | 6.63% | 6.73% | 15.35% | 15.18% | 14.73% | 15.12% | 13.13% | 12.66% | 11.66% | 11.97% | 13.77% | 14.29% | 15.78% | 15.88% | 15.71% | 16.23% |
Based on the profitability ratios of Comcast Corp, we observed the following trends:
1. Operating return on assets (Operating ROA) remained relatively stable, averaging around 8.71% to 8.96% over the period, indicating the company's ability to generate operating income from its assets.
2. Return on assets (ROA) also exhibited stability, with a range of 2.18% to 5.81%. This suggests that the company's net income generated from its total assets remained consistent over the period, albeit with fluctuations.
3. Return on total capital consistently ranged from 12.42% to 13.41%, demonstrating the efficiency of the company in generating returns from its total invested capital.
4. Return on equity (ROE) showed a wider range, fluctuating from 6.86% to 18.61%. This implies varying levels of profitability attributable to shareholders' equity, indicating potential changes in the company's financial leverage or net income.
In conclusion, Comcast Corp's profitability ratios indicate stable performance with slight fluctuations in returns from assets, capital, and equity over the period, highlighting the company's efficient use of resources to generate profitability.