ASGN Inc (ASGN)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 1,183,700 1,280,000 1,369,600 1,142,400 947,200
Revenue US$ in thousands 4,099,700 4,450,600 4,581,100 4,009,500 3,502,100
Gross profit margin 28.87% 28.76% 29.90% 28.49% 27.05%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,183,700K ÷ $4,099,700K
= 28.87%

The gross profit margin of ASGN Inc has displayed a generally increasing trend over the years from 2020 to 2024. Starting at 27.05% in December 2020, the margin improved to 28.49% by December 2021, and further increased to 29.90% by December 2022. However, there was a slight dip in December 2023 to 28.76%, followed by a marginal recovery to 28.87% by December 2024. Overall, the company has been able to maintain relatively stable and healthy gross profit margins over the period, indicating efficient cost management and pricing strategies in place.