ASGN Inc (ASGN)

Net profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 175,200 219,300 268,100 409,900 200,300
Revenue US$ in thousands 4,099,700 4,450,600 4,581,100 4,009,500 3,502,100
Net profit margin 4.27% 4.93% 5.85% 10.22% 5.72%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $175,200K ÷ $4,099,700K
= 4.27%

The net profit margin of ASGN Inc has displayed some fluctuations over the past five years. It stood at 5.72% as of December 31, 2020, showing an increase to 10.22% by the end of 2021. However, by the end of 2022, the net profit margin decreased to 5.85%. This decline continued into 2023, with a further decrease to 4.93%, and by the end of 2024, the net profit margin was at 4.27%.

These fluctuations indicate that ASGN Inc's ability to generate profit from its revenue has varied over the years, with a notable decline in profitability towards the latter years of the period. It is essential for the company to closely monitor its expenses and revenue streams to maintain and improve its net profit margin in the future.