Net Profit Margin
since 2005
Calculation
Paramount Global, net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings (loss) attributable to Paramount1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 3.66% | = | 100 | × | 1,104) | ÷ | 30,154) |
| Dec 31, 2021 | 15.89% | = | 100 | × | 4,543) | ÷ | 28,586) |
| Dec 31, 2020 | 9.58% | = | 100 | × | 2,422) | ÷ | 25,285) |
| Dec 31, 2019 | 11.89% | = | 100 | × | 3,308) | ÷ | 27,812) |
| Dec 31, 2018 | 13.50% | = | 100 | × | 1,960) | ÷ | 14,514) |
| Dec 31, 2017 | 2.61% | = | 100 | × | 357) | ÷ | 13,692) |
| Dec 31, 2016 | 9.58% | = | 100 | × | 1,261) | ÷ | 13,166) |
| Dec 31, 2015 | 10.18% | = | 100 | × | 1,413) | ÷ | 13,886) |
| Dec 31, 2014 | 21.43% | = | 100 | × | 2,959) | ÷ | 13,806) |
| Dec 31, 2013 | 12.29% | = | 100 | × | 1,879) | ÷ | 15,284) |
| Dec 31, 2012 | 11.17% | = | 100 | × | 1,574) | ÷ | 14,089) |
| Dec 31, 2011 | 9.16% | = | 100 | × | 1,305) | ÷ | 14,245) |
| Dec 31, 2010 | 5.15% | = | 100 | × | 724) | ÷ | 14,060) |
| Dec 31, 2009 | 1.74% | = | 100 | × | 227) | ÷ | 13,015) |
| Dec 31, 2008 | -83.68% | = | 100 | × | (11,673) | ÷ | 13,950) |
| Dec 31, 2007 | 8.86% | = | 100 | × | 1,247) | ÷ | 14,073) |
| Dec 31, 2006 | 11.60% | = | 100 | × | 1,661) | ÷ | 14,320) |
| Dec 31, 2005 | -48.77% | = | 100 | × | (7,089) | ÷ | 14,536) |
Based on: 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 net profit margin of Paramount Global exhibited significant volatility between 2005 and 2022, characterized by periods of severe losses followed by cyclical recoveries. The overall trajectory shows an unstable relationship between revenue growth and bottom-line profitability, with margin percentages fluctuating from extreme lows to a peak in the early 2010s.
- Early Period Volatility (2005–2009)
- The period began with substantial instability, marked by deep negative margins in 2005 (-48.77%) and a critical decline in 2008, where the net profit margin reached its lowest point at -83.68%. These deficits were driven by significant net losses despite relatively stable revenues, indicating the presence of large non-operating losses or significant write-downs during these intervals.
- Recovery and Peak Efficiency (2010–2014)
- A consistent recovery phase occurred between 2010 and 2014. The net profit margin climbed steadily from 5.15% in 2010 to a historical peak of 21.43% in 2014. This era represents the highest level of operational efficiency in the observed timeframe, where net earnings grew more rapidly than revenues.
- Margin Compression and Revenue Scaling (2015–2022)
- Following the 2014 peak, margins experienced a general downward trend with intermittent spikes. A notable shift occurred in 2019 when revenues nearly doubled, rising from approximately 14.5 billion US$ to 27.8 billion US$. Despite this massive increase in scale, the net profit margin did not scale proportionally, fluctuating between 9.58% and 15.89% through 2021. By 2022, although revenues reached a peak of 30.15 billion US$, the net profit margin contracted sharply to 3.66%, suggesting a significant increase in operating costs or a reduction in earnings power relative to the company's expanded size.
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Comparison to Competitors
Paramount Global, net profit margin, long-term trends, comparison to competitors
| Paramount Global | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Dec 31, 2022 | 3.66% | 21.20% | 4.42% | 19.90% | 14.21% | 3.80% |
| Dec 31, 2021 | 15.89% | 29.51% | 12.17% | 33.38% | 17.23% | 2.96% |
| Dec 31, 2020 | 9.58% | 22.06% | 10.17% | 33.90% | 11.05% | -4.38% |
| Dec 31, 2019 | 11.89% | 21.22% | 11.99% | 26.15% | 9.26% | 15.89% |
| Dec 31, 2018 | 13.50% | 22.46% | 12.41% | 39.60% | 7.67% | 21.20% |
| Dec 31, 2017 | 2.61% | 11.42% | 26.87% | 39.20% | 4.78% | 16.29% |
| Dec 31, 2016 | 9.58% | 21.58% | 10.81% | 36.97% | 2.11% | 16.88% |
| Dec 31, 2015 | 10.18% | 21.80% | 10.96% | 20.57% | 1.81% | 15.98% |
| Dec 31, 2014 | 21.43% | 21.88% | 12.18% | 23.58% | 4.85% | 15.37% |
| Dec 31, 2013 | 12.29% | 21.60% | 10.54% | 19.05% | 2.57% | 13.62% |
| Dec 31, 2012 | 11.17% | 21.40% | 9.91% | 1.04% | 0.48% | 13.44% |
| Dec 31, 2011 | 9.16% | 25.69% | 7.45% | — | 7.06% | 11.76% |
| Dec 31, 2010 | 5.15% | 29.01% | 9.58% | — | 7.44% | 10.41% |
| Dec 31, 2009 | 1.74% | 27.57% | 10.17% | — | 6.94% | 9.15% |
| Dec 31, 2008 | -83.68% | 19.39% | 7.44% | — | 6.08% | 11.70% |
| Dec 31, 2007 | 8.86% | 25.33% | 8.37% | — | 5.55% | 13.20% |
| Dec 31, 2006 | 11.60% | 29.02% | 10.15% | — | 4.92% | 9.84% |
| Dec 31, 2005 | -48.77% | 23.87% | 4.17% | — | 6.16% | 7.93% |
Based on: 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)
Paramount Global, net profit margin, long-term trends, comparison to sector (media & entertainment)
| Paramount Global | Media & Entertainment | |
|---|---|---|
| Dec 31, 2022 | 3.66% | 15.14% |
| Dec 31, 2021 | 15.89% | 23.20% |
| Dec 31, 2020 | 9.58% | 17.27% |
| Dec 31, 2019 | 11.89% | 18.28% |
| Dec 31, 2018 | 13.50% | 21.63% |
| Dec 31, 2017 | 2.61% | 20.09% |
| Dec 31, 2016 | 9.58% | 18.25% |
| Dec 31, 2015 | 10.18% | 16.19% |
| Dec 31, 2014 | 21.43% | 16.64% |
| Dec 31, 2013 | 12.29% | 15.12% |
| Dec 31, 2012 | 11.17% | 13.86% |
| Dec 31, 2011 | 9.16% | 13.73% |
| Dec 31, 2010 | 5.15% | 15.13% |
| Dec 31, 2009 | 1.74% | 13.97% |
| Dec 31, 2008 | -83.68% | 11.85% |
| Dec 31, 2007 | 8.86% | 13.71% |
| Dec 31, 2006 | 11.60% | 12.75% |
| Dec 31, 2005 | -48.77% | 8.14% |
Based on: 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)
Paramount Global, net profit margin, long-term trends, comparison to industry (communication services)
| Paramount Global | Communication Services | |
|---|---|---|
| Dec 31, 2022 | 3.66% | 11.47% |
| Dec 31, 2021 | 15.89% | 18.71% |
| Dec 31, 2020 | 9.58% | 11.50% |
| Dec 31, 2019 | 11.89% | 14.63% |
| Dec 31, 2018 | 13.50% | 16.42% |
| Dec 31, 2017 | 2.61% | 19.83% |
| Dec 31, 2016 | 9.58% | 12.81% |
| Dec 31, 2015 | 10.18% | 12.78% |
| Dec 31, 2014 | 21.43% | 10.11% |
| Dec 31, 2013 | 12.29% | 12.57% |
| Dec 31, 2012 | 11.17% | 7.58% |
| Dec 31, 2011 | 9.16% | 6.73% |
| Dec 31, 2010 | 5.15% | 11.43% |
| Dec 31, 2009 | 1.74% | 9.07% |
| Dec 31, 2008 | -83.68% | 9.66% |
| Dec 31, 2007 | 8.86% | 9.78% |
| Dec 31, 2006 | 11.60% | 10.17% |
| Dec 31, 2005 | -48.77% | 9.53% |
Based on: 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).