ASGN Inc (ASGN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,280,000 | 1,369,600 | 1,142,400 | 947,200 | 971,500 |
| Revenue | US$ in thousands | 4,450,600 | 4,581,100 | 4,009,500 | 3,502,100 | 3,415,600 |
| Gross profit margin | 28.76% | 29.90% | 28.49% | 27.05% | 28.44% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,280,000K ÷ $4,450,600K
= 28.76%
The gross profit margin of ASGN Inc has exhibited some fluctuations over the past five years. In 2023, the gross profit margin decreased to 28.76% from 29.90% in 2022, representing a slight decline in profitability. However, comparing to the earlier years, the gross profit margin in 2023 remains relatively stable. The company's gross profit margin was higher in 2022 and 2019 compared to 2021 and 2020, indicating potential variability in the company's cost structure or pricing strategy over these periods. Overall, the trend in ASGN Inc's gross profit margin suggests some variability but generally consistent performance in maintaining a healthy level of profitability.
Peer comparison
Dec 31, 2023