Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

Analysis of Profitability Ratios 

Microsoft Excel

Profitability Ratios (Summary)

Comcast Corp., profitability ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Return on Sales
Gross profit margin 66.96% 68.02% 68.39% 68.58% 69.97%
Operating profit margin 17.89% 16.89% 19.39% 20.11% 21.28%
Net profit margin 12.17% 10.17% 11.99% 12.41% 26.87%
Return on Investment
Return on equity (ROE) 14.73% 11.66% 15.78% 16.38% 33.11%
Return on assets (ROA) 5.13% 3.85% 4.96% 4.66% 12.15%

Based on: 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).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Comcast Corp. gross profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Comcast Corp. operating profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Comcast Corp. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Comcast Corp. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
ROA A profitability ratio calculated as net income divided by total assets. Comcast Corp. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Gross Profit Margin

Comcast Corp., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Gross profit 77,935  70,443  74,502  64,815  59,142 
Revenue 116,385  103,564  108,942  94,507  84,526 
Profitability Ratio
Gross profit margin1 66.96% 68.02% 68.39% 68.58% 69.97%
Benchmarks
Gross Profit Margin, Competitors2
Alphabet Inc. 56.94% 53.58% 55.58% 56.48% 58.88%
Charter Communications Inc. 39.09% 37.77% 36.14% 36.15% 36.17%
Meta Platforms Inc. 80.79% 80.58% 81.94% 83.25% 86.58%
Netflix Inc. 41.64% 38.89% 38.28% 36.89% 34.49%
Twitter Inc. 64.60% 63.23% 67.13% 68.28% 64.75%
Walt Disney Co. 33.06% 32.89% 39.60% 44.94% 45.04%

Based on: 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).

1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenue
= 100 × 77,935 ÷ 116,385 = 66.96%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Comcast Corp. gross profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Operating Profit Margin

Comcast Corp., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Operating income 20,817  17,493  21,125  19,009  17,987 
Revenue 116,385  103,564  108,942  94,507  84,526 
Profitability Ratio
Operating profit margin1 17.89% 16.89% 19.39% 20.11% 21.28%
Benchmarks
Operating Profit Margin, Competitors2
Alphabet Inc. 30.55% 22.59% 21.15% 19.24% 23.59%
Charter Communications Inc. 20.37% 17.48% 14.23% 11.97% 9.87%
Meta Platforms Inc. 39.65% 38.01% 33.93% 44.62% 49.70%
Netflix Inc. 20.86% 18.34% 12.92% 10.16% 7.17%
Twitter Inc. -9.70% 0.72% 10.59% 14.90% 1.59%
Walt Disney Co. 4.46% -2.97% 15.33% 24.91% 24.98%
Operating Profit Margin, Sector
Media & Entertainment 25.63% 19.92% 20.71% 22.57% 23.95%
Operating Profit Margin, Industry
Communication Services 22.19% 16.35% 19.50% 19.36% 20.23%

Based on: 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).

1 2021 Calculation
Operating profit margin = 100 × Operating income ÷ Revenue
= 100 × 20,817 ÷ 116,385 = 17.89%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Comcast Corp. operating profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Net Profit Margin

Comcast Corp., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income attributable to Comcast Corporation 14,159  10,534  13,057  11,731  22,714 
Revenue 116,385  103,564  108,942  94,507  84,526 
Profitability Ratio
Net profit margin1 12.17% 10.17% 11.99% 12.41% 26.87%
Benchmarks
Net Profit Margin, Competitors2
Alphabet Inc. 29.51% 22.06% 21.22% 22.46% 11.42%
Charter Communications Inc. 9.01% 6.70% 3.64% 2.82% 23.80%
Meta Platforms Inc. 33.38% 33.90% 26.15% 39.60% 39.20%
Netflix Inc. 17.23% 11.05% 9.26% 7.67% 4.78%
Twitter Inc. -4.36% -30.56% 42.37% 39.63% -4.42%
Walt Disney Co. 2.96% -4.38% 15.89% 21.20% 16.29%
Net Profit Margin, Sector
Media & Entertainment 21.85% 15.93% 17.05% 19.76% 20.36%
Net Profit Margin, Industry
Communication Services 18.11% 11.06% 14.14% 15.73% 19.99%

Based on: 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).

1 2021 Calculation
Net profit margin = 100 × Net income attributable to Comcast Corporation ÷ Revenue
= 100 × 14,159 ÷ 116,385 = 12.17%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Comcast Corp. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Return on Equity (ROE)

Comcast Corp., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income attributable to Comcast Corporation 14,159  10,534  13,057  11,731  22,714 
Total Comcast Corporation shareholders’ equity 96,092  90,323  82,726  71,613  68,606 
Profitability Ratio
ROE1 14.73% 11.66% 15.78% 16.38% 33.11%
Benchmarks
ROE, Competitors2
Alphabet Inc. 30.22% 18.09% 17.05% 17.30% 8.30%
Charter Communications Inc. 33.12% 13.53% 5.30% 3.39% 25.32%
Meta Platforms Inc. 31.53% 22.72% 18.29% 26.28% 21.43%
Netflix Inc. 32.28% 24.96% 24.62% 23.12% 15.60%
Twitter Inc. -3.03% -14.25% 16.84% 17.71% -2.14%
Walt Disney Co. 2.25% -3.43% 12.44% 25.83% 21.74%
ROE, Sector
Media & Entertainment 23.58% 14.44% 15.70% 18.78% 18.37%
ROE, Industry
Communication Services 20.34% 11.32% 14.89% 17.13% 22.80%

Based on: 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).

1 2021 Calculation
ROE = 100 × Net income attributable to Comcast Corporation ÷ Total Comcast Corporation shareholders’ equity
= 100 × 14,159 ÷ 96,092 = 14.73%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Comcast Corp. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Return on Assets (ROA)

Comcast Corp., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income attributable to Comcast Corporation 14,159  10,534  13,057  11,731  22,714 
Total assets 275,905  273,869  263,414  251,684  186,949 
Profitability Ratio
ROA1 5.13% 3.85% 4.96% 4.66% 12.15%
Benchmarks
ROA, Competitors2
Alphabet Inc. 21.16% 12.60% 12.45% 13.20% 6.42%
Charter Communications Inc. 3.27% 2.23% 1.13% 0.84% 6.75%
Meta Platforms Inc. 23.72% 18.29% 13.86% 22.72% 18.85%
Netflix Inc. 11.48% 7.03% 5.49% 4.66% 2.94%
Twitter Inc. -1.57% -8.49% 11.54% 11.86% -1.46%
Walt Disney Co. 0.98% -1.42% 5.70% 12.78% 9.37%
ROA, Sector
Media & Entertainment 11.70% 7.12% 7.72% 9.37% 9.58%
ROA, Industry
Communication Services 7.99% 4.45% 5.95% 6.85% 8.93%

Based on: 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).

1 2021 Calculation
ROA = 100 × Net income attributable to Comcast Corporation ÷ Total assets
= 100 × 14,159 ÷ 275,905 = 5.13%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Comcast Corp. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.