Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Comcast Corp., profitability ratios
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
| 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
| 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
| 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
| 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
| 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. |