ASGN Inc (ASGN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 364,100 | 409,500 | 350,900 | 281,200 | 276,200 |
| Revenue | US$ in thousands | 4,450,600 | 4,581,100 | 4,009,500 | 3,502,100 | 3,415,600 |
| Operating profit margin | 8.18% | 8.94% | 8.75% | 8.03% | 8.09% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $364,100K ÷ $4,450,600K
= 8.18%
ASGN Inc's operating profit margin has shown a generally stable trend over the past five years. The operating profit margin ranged from 7.86% to 8.94% during this period, with the highest margin being in 2022. In 2023, the operating profit margin decreased slightly to 8.18%. This indicates that the company has been able to maintain a relatively healthy level of profitability from its core operations, although there was a slight decline in 2023 compared to the previous year. Overall, ASGN Inc's operating profit margin performance suggests a consistent ability to efficiently generate profits from its regular business activities.
Peer comparison
Dec 31, 2023