ASGN Inc (ASGN)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	297,700	364,800	491,500	264,200	229,400
Revenue	US$ in thousands	4,450,600	4,581,100	4,009,500	3,502,100	3,415,600
Pretax margin		6.69%	7.96%	12.26%	7.54%	6.72%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $297,700K ÷ $4,450,600K
= 6.69%

The pretax margin of ASGN Inc has shown some fluctuations over the past five years. The company's pretax margin was 6.69% at the end of 2023, slightly lower compared to the previous year but still within a relatively consistent range. In 2022, the pretax margin was 7.94%, showing a slight decrease from the year before. This was preceded by a pretax margin of 7.82% in 2021, indicating relative stability in profitability.

The company's pretax margin was slightly lower at 6.85% in 2020 compared to the two previous years. Prior to that, there was a pretax margin of 6.03% in 2019, suggesting that profitability improved between 2019 and 2021 before leveling off in the subsequent years.

Overall, while there have been fluctuations in ASGN Inc's pretax margin over the past five years, the company has generally maintained a decent level of profitability before taxes, with some variations year over year. It would be important to further investigate the factors contributing to these fluctuations to assess the efficiency and performance of the company.