Stock Analysis on Net
Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Comcast Corp., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income attributable to Comcast Corporation1 ÷ Total assets1
Dec 31, 2024 = 100 × ÷
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Based on: 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 financial data reveals several notable trends concerning the company’s net income, total assets, and return on assets (ROA) over the examined periods.

Net Income Attributable to Comcast Corporation
Net income displays a generally upward trajectory with fluctuations across the years. Starting from $928 million in 2005, the figure rises substantially to $6.2 billion by 2012, peaking notably at $22.7 billion in 2017. However, this peak is followed by a sharp decline to $5.37 billion in 2022 before rebounding to $16.2 billion by 2024. The data suggests episodic volatility possibly caused by extraordinary items or operational shifts in certain years.
Total Assets
Total assets show consistent growth from approximately $103 billion in 2005 to around $275 billion in the early 2020s. There is a significant jump observed between 2017 and 2018, where assets increase from $187 billion to $252 billion, indicating large acquisitions, investments, or asset revaluations during that period. After reaching this higher base, total assets stabilize around the $260-$275 billion mark through to 2024, with minor year-over-year fluctuations.
Return on Assets (ROA)
ROA demonstrates variability over the years but generally trends upward with intermittent dips. Beginning near 0.9% in 2005, it improves steadily to reach above 5% in the early 2010s, and experiences a remarkable spike to 12.15% in 2017 — coinciding with the peak net income year. Post-2017, ROA fluctuates between approximately 2% and 6%, suggesting some operational challenges or changes that impacted the efficiency of asset utilization. The ROA’s rebound towards over 6% by 2024 indicates improving operational profitability relative to asset base.

In summary, the company exhibits growth in asset size and profitability over the long term with certain years marked by notable volatility in net income and ROA. The peak performance in 2017 implies extraordinary gains or efficiency improvements that were not fully sustained in subsequent years, followed by recovery phases reflected in both net income and ROA metrics. Overall, the trends highlight the dynamic nature of the business environment and the company's capacity to expand and adjust profitably over time.

Comparison to Competitors

Comcast Corp., ROA, long-term trends, comparison to competitors

Microsoft Excel
Comcast Corp. Alphabet Inc. Meta Platforms Inc. Netflix Inc. Take-Two Interactive Software Inc. Walt Disney Co.
Dec 31, 2024
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Based on: 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).

Comparison to Sector (Media & Entertainment)

Comcast Corp., ROA, long-term trends, comparison to sector (media & entertainment)

Microsoft Excel
Comcast Corp. Media & Entertainment
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
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Dec 31, 2005

Based on: 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).

Comparison to Industry (Communication Services)

Comcast Corp., ROA, long-term trends, comparison to industry (communication services)

Microsoft Excel
Comcast Corp. Communication Services
Dec 31, 2024
Dec 31, 2023
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Based on: 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).