Comcast (Comcast) Gross Margin % : 67.18% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Comcast Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Comcast's Gross Profit for the three months ended in Dec. 2023 was $20,997 Mil. Comcast's Revenue for the three months ended in Dec. 2023 was $31,253 Mil. Therefore, Comcast's Gross Margin % for the quarter that ended in Dec. 2023 was 67.18%.

The historical rank and industry rank for Comcast's Gross Margin % or its related term are showing as below:

CMCSK' s Gross Margin % Range Over the Past 10 Years
Min: 66.96 Med: 69.09 Max: 70.18
Current: 69.76

During the past 13 years, the highest Gross Margin % of Comcast was 70.18%. The lowest was 66.96%. And the median was 69.09%.

CMCSK's Gross Margin % is ranked better than
80.51% of 354 companies
in the Telecommunication Services industry
Industry Median: 48.98 vs CMCSK: 69.76

Comcast had a gross margin of 67.18% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Comcast was 0.20% per year.

Comcast Gross Margin % Historical Data

The historical data trend for Comcast's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Comcast Gross Margin % Chart

Comcast Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

68.39

68.02

66.96

68.53

69.76

Comcast Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															67.90	69.67	71.00	71.27	67.18

Competitive Comparison of Comcast's Gross Margin %

For the Telecom Services subindustry, Comcast's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Comcast's Gross Margin % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Comcast's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Comcast's Gross Margin % falls into.

Comcast Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Comcast's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	84810	/	121572
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(121572 - 36762)	/	121572
	=	69.76 %

Comcast's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	20997	/	31253
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(31253 - 10256)	/	31253
	=	67.18 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Comcast (NAS:CMCSK) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Comcast had a gross margin of 67.18% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Comcast Gross Margin % Related Terms

Thank you for viewing the detailed overview of Comcast's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Comcast (Comcast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Comcast Corp (NAS:CMCSK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

CCZ:USA CMCSA:USA CMCS A:Mexico 1CMCSA:Italy CTP2d:UK 0QYF:UK CTP2:Germany CMCSA:Chile CMCS34:Brazil

Address

One Comcast Center, Philadelphia, PA, USA, 19103-2838

Website

https://www.comcastcorporation.com

Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 62 million U.S. homes and businesses, or nearly half of the country. About 55% of the homes in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC broadcast network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in proprietary content to build this position. Sky is also the largest pay-television provider in Italy and has a presence in Germany and Austria.