Interpublic Group of Companies Inc (IPG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,819,700 | 1,814,200 | 1,844,700 | 1,852,900 | 1,351,600 |
| Revenue | US$ in thousands | 10,691,700 | 10,889,300 | 10,927,800 | 10,240,700 | 9,061,000 |
| Gross profit margin | 17.02% | 16.66% | 16.88% | 18.09% | 14.92% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,819,700K ÷ $10,691,700K
= 17.02%
Based on the provided data, the gross profit margin of Interpublic Group of Companies Inc has exhibited some variability over the last five years.
In December 2020, the gross profit margin was 14.92%, which increased to 18.09% by December 2021, reflecting an improvement in the company's ability to generate profit from its core operations. However, in December 2022, the gross profit margin slightly decreased to 16.88%, and further to 16.66% by December 2023, indicating a potential challenge in maintaining profitability levels.
Nevertheless, by December 2024, the gross profit margin had increased to 17.02%, showing a recovery from the previous year's decline. Overall, the trend in gross profit margin suggests a mix of improvement and fluctuations in the company's ability to control production and operational costs relative to its revenue generation. It would be important to monitor this ratio closely to ensure sustained profitability and operational efficiency.
Peer comparison
Dec 31, 2024