GURUFOCUS.COM » STOCK LIST » USA » NAS » Comcast Corp (NAS:CMCSA) » Definitions » Gross Margin %
Switch to:

Comcast Gross Margin %

: 70.39% (As of Jun. 2022)
View and export this data going back to 1988. Start your Free Trial

Gross Margin % is calculated as gross profit divided by its revenue. Comcast's Gross Profit for the three months ended in Jun. 2022 was $21,128 Mil. Comcast's Revenue for the three months ended in Jun. 2022 was $30,016 Mil. Therefore, Comcast's Gross Margin % for the quarter that ended in Jun. 2022 was 70.39%.


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

CMCSA' s Gross Margin % Range Over the Past 10 Years
Min: 66.96   Med: 69.08   Max: 70.18
Current: 67.34


During the past 13 years, the highest Gross Margin % of Comcast was 70.18%. The lowest was 66.96%. And the median was 69.08%.

CMCSA's Gross Margin % is ranked better than
78.26% of 368 companies
in the Telecommunication Services industry
Industry Median: 48.57 vs CMCSA: 67.34

Comcast had a gross margin of 70.39% for the quarter that ended in Jun. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Comcast was -0.90% 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 Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.18 68.58 68.39 68.02 66.96

Comcast Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 67.58 65.69 67.43 65.91 70.39

Competitive Comparison

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 Gross Margin % Distribution

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. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=77935 / 116385
=(Revenue - Cost of Goods Sold) / Revenue
=(116385 - 38450) / 116385
=66.96 %

Comcast's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=21128 / 30016
=(Revenue - Cost of Goods Sold) / Revenue
=(30016 - 8888) / 30016
=70.39 %

* 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.

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:CMCSA) 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 70.39% for the quarter that ended in Jun. 2022 => 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 Business Description

Comcast logo
Address
One Comcast Center, Philadelphia, PA, USA, 19103-2838
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to roughly 61 million U.S. homes and businesses, or nearly half of the country. About 57% 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, 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 exclusive and proprietary content to build this position. The firm is also the largest pay-television provider in Italy and has a presence in Germany and Austria.
Executives
Strong Dana officer: CEO - Sky C/O COMCAST CORPORATION ONE COMCAST CENTER PHILADELPHIA PA 19103-2838
Bergman Naomi M. director 210 E. EARLL DRIVE PHOENIX AZ 85012
Miller Adam Louis officer: Sr. EVP ONE COMCAST CENTER PHILADELPHIA PA 19103-2838
Shell Jeff officer: CEO - NBCUniversal C/O COMCAST CORPORATION ONE COMCAST CENTER PHILADELPHIA PA 19103
Bacon Kenneth J director 5404 WISCONSIN AVENUE SUITE 410 CHEVY CHASE MD 20815
Reid Thomas J. officer: Senior EVP, GC and Secretary ONE COMCAST CENTER PHILADELPHIA PA 19103
Montiel Maritza Gomez director C/O APTARGROUP, INC. 265 EXCHANGE DRIVE, SUITE 100 CRYSTAL LAKE IL 60014
Roberts Brian L director, officer: Chairman of Board, Pres. & CEO COMCAST CORP 1500 MARKET STREET-35TH FLOOR PHILIDELPHIA PA 19102-2148
Watson David N officer: Sr. EVP 1100 CASSATT ROAD BERWYN PA 19312
Murdock Daniel C. officer: SVP & Chief Accounting Officer 1500 MARKET STREET PHILADELPHIA PA 19102
Nakahara Asuka director 527 GREYSTONE ROAD MERION PA 19066
Novak David C director 1441 GARDINER LANE LOUISVILLE KY 40213
Bell Madeline S. director ONE COMCAST CENTER PHILADELPHIA PA 19103-2838
Cavanagh Michael J officer: CFO 1 BANK ONE PLAZA IL1-0877 CHICAGO IL 60670
Burke Stephen B officer: Executive Vice President 41 CENTRAL PARK WEST - APT 11A NEW YORK NY 10023

Comcast Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)