ASGN Inc (ASGN)

Pretax margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Earnings before tax but after interest (EBT) US$ in thousands 240,100 297,700 364,800 491,500 264,200
Revenue US$ in thousands 4,099,700 4,450,600 4,581,100 4,009,500 3,502,100
Pretax margin 5.86% 6.69% 7.96% 12.26% 7.54%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $240,100K ÷ $4,099,700K
= 5.86%

ASGN Inc's pretax margin has fluctuated over the past five years. In 2020, the pretax margin was 7.54%, showing a moderate level of profitability before accounting for taxes. The margin improved significantly in 2021 to 12.26%, indicating a substantial increase in efficiency or cost management. However, in 2022, the margin decreased to 7.96%, possibly signaling some challenges or increased costs for the company. The trend continued downwards in 2023 with a pretax margin of 6.69%, suggesting potential operational issues impacting profitability. By the end of 2024, the pretax margin dropped further to 5.86%, highlighting a continued decline in profitability performance. Further analysis of the company's cost structure and revenue generation may be necessary to understand the factors influencing these fluctuations in pretax margin.