Comcast Corp. (CMCSA)
Analysis of Profitability Ratios
Beginner level
Profitability ratios measure the company’s ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Comcast Corp., profitability ratios
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
| 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.’s gross profit margin ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Comcast Corp.’s operating profit margin ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Comcast Corp.’s net profit margin ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Comcast Corp.’s ROE improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Comcast Corp.’s ROA improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Gross Profit Margin
Comcast Corp., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 64,815 | 59,142 | 55,940 | 51,960 | 47,863 | |
| Revenue | 94,507 | 84,526 | 80,403 | 74,510 | 68,775 | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 68.58% | 69.97% | 69.57% | 69.74% | 69.59% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Charter Communications Inc. | 36.15% | 36.17% | 35.68% | 34.12% | 34.42% | |
| Walt Disney Co. | 44.94% | 45.04% | 46.09% | 45.94% | 45.88% | |
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
1 2018 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenue
= 100 × 64,815 ÷ 94,507 = 68.58%
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.’s gross profit margin ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Operating Profit Margin
Comcast Corp., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income | 19,009 | 17,987 | 16,859 | 15,998 | 14,904 | |
| Revenue | 94,507 | 84,526 | 80,403 | 74,510 | 68,775 | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 20.11% | 21.28% | 20.97% | 21.47% | 21.67% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Charter Communications Inc. | 11.97% | 9.87% | 8.47% | 11.42% | 10.66% | |
| Walt Disney Co. | 24.91% | 24.98% | 25.53% | 25.10% | 23.35% | |
| Operating Profit Margin, Sector | ||||||
| Media | 19.76% | 19.79% | 20.31% | 22.15% | 21.53% | |
| Operating Profit Margin, Industry | ||||||
| Consumer Services | 8.01% | 8.35% | 8.49% | 8.65% | 8.19% | |
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
1 2018 Calculation
Operating profit margin = 100 × Operating income ÷ Revenue
= 100 × 19,009 ÷ 94,507 = 20.11%
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.’s operating profit margin ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Net Profit Margin
Comcast Corp., net profit margin calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to Comcast Corporation | 11,731 | 22,714 | 8,695 | 8,163 | 8,380 | |
| Revenue | 94,507 | 84,526 | 80,403 | 74,510 | 68,775 | |
| Profitability Ratio | ||||||
| Net profit margin1 | 12.41% | 26.87% | 10.81% | 10.96% | 12.18% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Charter Communications Inc. | 2.82% | 23.80% | 12.14% | -2.78% | -2.01% | |
| Walt Disney Co. | 21.20% | 16.29% | 16.88% | 15.98% | 15.37% | |
| Net Profit Margin, Sector | ||||||
| Media | 12.94% | 22.95% | 13.09% | 11.90% | 12.39% | |
| Net Profit Margin, Industry | ||||||
| Consumer Services | 5.21% | 6.13% | 5.59% | 4.91% | 4.57% | |
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
1 2018 Calculation
Net profit margin = 100 × Net income attributable to Comcast Corporation ÷ Revenue
= 100 × 11,731 ÷ 94,507 = 12.41%
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.’s net profit margin ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level. |
Return on Equity (ROE)
Comcast Corp., ROE calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to Comcast Corporation | 11,731 | 22,714 | 8,695 | 8,163 | 8,380 | |
| Total Comcast Corporation shareholders’ equity | 71,613 | 68,606 | 53,943 | 52,269 | 52,711 | |
| Profitability Ratio | ||||||
| ROE1 | 16.38% | 33.11% | 16.12% | 15.62% | 15.90% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Charter Communications Inc. | 3.39% | 25.32% | 8.77% | — | -125.34% | |
| Walt Disney Co. | 25.83% | 21.74% | 21.71% | 18.83% | 16.68% | |
| ROE, Sector | ||||||
| Media | 16.31% | 27.91% | 15.73% | 16.82% | 16.05% | |
| ROE, Industry | ||||||
| Consumer Services | 22.00% | 25.70% | 22.46% | 20.77% | 17.69% | |
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
1 2018 Calculation
ROE = 100 × Net income attributable to Comcast Corporation ÷ Total Comcast Corporation shareholders’ equity
= 100 × 11,731 ÷ 71,613 = 16.38%
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.’s ROE improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level. |
Return on Assets (ROA)
Comcast Corp., ROA calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to Comcast Corporation | 11,731 | 22,714 | 8,695 | 8,163 | 8,380 | |
| Total assets | 251,684 | 186,949 | 180,500 | 166,574 | 159,339 | |
| Profitability Ratio | ||||||
| ROA1 | 4.66% | 12.15% | 4.82% | 4.90% | 5.26% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Charter Communications Inc. | 0.84% | 6.75% | 2.36% | -0.69% | -0.75% | |
| Walt Disney Co. | 12.78% | 9.37% | 10.20% | 9.51% | 8.91% | |
| ROA, Sector | ||||||
| Media | 5.15% | 9.69% | 5.13% | 5.53% | 5.86% | |
| ROA, Industry | ||||||
| Consumer Services | 6.25% | 8.02% | 7.28% | 6.91% | 6.46% | |
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
1 2018 Calculation
ROA = 100 × Net income attributable to Comcast Corporation ÷ Total assets
= 100 × 11,731 ÷ 251,684 = 4.66%
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.’s ROA improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |