ASGN Inc (ASGN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,183,700 | 1,202,600 | 1,224,600 | 1,249,800 | 1,280,000 | 1,315,200 | 1,351,700 | 1,369,400 | 1,369,600 | 1,343,200 | 1,293,000 | 1,225,300 | 1,142,400 | 1,069,500 | 997,100 | 948,300 | 947,200 | 995,900 | 1,051,000 | 1,108,700 |
| Revenue (ttm) | US$ in thousands | 4,099,700 | 4,188,800 | 4,274,600 | 4,370,800 | 4,450,600 | 4,526,900 | 4,608,000 | 4,618,900 | 4,581,100 | 4,484,500 | 4,360,400 | 4,193,500 | 4,009,500 | 3,856,100 | 3,686,700 | 3,543,700 | 3,502,100 | 3,626,900 | 3,725,200 | 3,865,600 |
| Gross profit margin | 28.87% | 28.71% | 28.65% | 28.59% | 28.76% | 29.05% | 29.33% | 29.65% | 29.90% | 29.95% | 29.65% | 29.22% | 28.49% | 27.74% | 27.05% | 26.76% | 27.05% | 27.46% | 28.21% | 28.68% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,183,700K ÷ $4,099,700K
= 28.87%
ASGN Inc's gross profit margin has exhibited fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The margin ranged from a low of 26.76% on March 31, 2021, to a high of 29.95% on September 30, 2022. Overall, the trend shows a somewhat gradual increase in the gross profit margin from 28.68% on March 31, 2020, to 28.87% on December 31, 2024.
The company's ability to maintain a gross profit margin above 28% for most of the analyzed period reflects its ability to efficiently manage the costs associated with producing its goods or services. This steady margin suggests that ASGN Inc is effectively controlling its production costs relative to its revenue, which is a positive indicator of its operational efficiency.
However, the fluctuations in the gross profit margin suggest potential variability in factors such as pricing strategies, input costs, or production efficiency. It would be important for ASGN Inc to continue monitoring and analyzing these factors to sustain or improve its gross profit margin over time.
Overall, the upward trend in ASGN Inc's gross profit margin indicates that the company has been successful in maintaining a healthy level of profitability relative to its revenue, which is a positive sign for investors and stakeholders.
Peer comparison
Dec 31, 2024