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.
Peer comparison
Dec 31, 2024