Stock Analysis on Net
Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

Operating Profit Margin
since 2005

Microsoft Excel

Paying user area

Try for free

Comcast Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

Comcast Corp., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income1 ÷ Revenue1
Dec 31, 2025 = 100 × ÷
Dec 31, 2024 = 100 × ÷
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The operating profit margin exhibited a generally increasing trend from 2005 through 2017, followed by increased volatility and a subsequent decline. Initial values were in the mid-to-high teens, peaking in 2017 before experiencing significant fluctuations.

Overall Trend (2005-2017)
From 2005 to 2017, the operating profit margin demonstrated a consistent upward trajectory, increasing from 16.58% to 21.28%. This indicates improving operational efficiency and profitability over this period. The rate of increase was not constant, with more substantial gains observed between 2009 and 2012.
Volatility and Decline (2018-2024)
Beginning in 2018, the operating profit margin became more volatile. It decreased to 20.11% in 2018, then increased to 19.39% in 2019, before a substantial drop to 16.89% in 2020. A partial recovery occurred in 2021 (17.89%), but was followed by a significant decline to 11.56% in 2022. The margin saw a rebound in 2023 to 19.18%, followed by a decrease to 18.83% in 2024.
Revenue and Operating Income Relationship
While both revenue and operating income generally increased over the period, the operating profit margin fluctuations suggest that revenue growth did not always translate directly into proportional profit growth. The substantial decline in margin in 2020, despite a revenue decrease of only 5.3%, suggests increased costs or pricing pressures. Similarly, the large margin drop in 2022, despite a revenue increase, indicates a significant impact on profitability.
Recent Performance (2023-2024)
The most recent two years show a stabilization, albeit at a lower level than the peak in 2017. The slight decrease from 2023 to 2024 suggests that the factors impacting profitability in 2022 may still be present, or new challenges have emerged. Further investigation into cost structures and revenue streams would be necessary to understand these recent trends.

In summary, the operating profit margin experienced a period of sustained growth followed by increased instability and a recent leveling off at a lower percentage than previously achieved. The fluctuations highlight the importance of monitoring both revenue and cost factors to maintain profitability.

Comparison to Competitors

Comcast Corp., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
Comcast Corp. Alphabet Inc. Meta Platforms Inc. Netflix Inc. Trade Desk Inc.
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).