Interpublic Group of Companies Inc (IPG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,098,400 | 938,000 | 952,800 | 351,100 | 656,000 |
| Revenue | US$ in thousands | 10,889,300 | 10,927,800 | 10,240,700 | 9,061,000 | 10,221,300 |
| Net profit margin | 10.09% | 8.58% | 9.30% | 3.87% | 6.42% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,098,400K ÷ $10,889,300K
= 10.09%
The net profit margin of Interpublic Group Of Cos., Inc. has shown fluctuations over the past five years. In 2023, the net profit margin was 10.09%, exhibiting an improvement from the previous year's margin of 8.58% in 2022. This increase indicates the company's ability to generate a higher percentage of profit from its revenue in 2023.
Compared to 2021, where the net profit margin was 9.30%, the margin in 2023 saw a further uptick. The significant jump in profitability between 2021 and 2023 could imply enhanced operational efficiency or better cost management practices implemented by the company.
In 2020, Interpublic Group Of Cos., Inc. had a net profit margin of 3.87%, which was notably lower compared to the margins in the subsequent years. This lower profitability in 2020 could be attributed to various factors such as economic conditions, increased expenses, or other operational challenges faced by the company during that year.
Looking back at 2019, the net profit margin was 6.42%, indicating a moderate level of profitability. The steady improvement in net profit margin from 2019 to 2023 suggests positive trends in the company's profitability and overall financial performance over the years.
Overall, the increasing trend in Interpublic Group Of Cos., Inc.'s net profit margin from 2019 to 2023 reflects the company's ability to effectively manage its costs and generate higher returns on its revenue, positioning it well in terms of profitability within the industry.
Peer comparison
Dec 31, 2023