Interpublic Group of Companies Inc (IPG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,482,600 | 1,381,200 | 1,436,200 | 588,400 | 1,086,000 |
| Revenue | US$ in thousands | 10,889,300 | 10,927,800 | 10,240,700 | 9,061,000 | 10,221,300 |
| Operating profit margin | 13.62% | 12.64% | 14.02% | 6.49% | 10.62% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,482,600K ÷ $10,889,300K
= 13.62%
Interpublic Group Of Cos., Inc.'s operating profit margin has shown a positive trend over the last five years, increasing from 10.96% in 2019 to 13.62% in 2023. This signifies the company's improvement in efficiently managing its operating expenses relative to its revenue. The highest operating profit margin was recorded in 2021 at 14.13%, indicating a peak performance during that year.
The relatively stable operating profit margins in 2022 and 2023 suggest the company's ability to consistently maintain healthy profitability levels. Overall, the increasing trend in the operating profit margin reflects positively on Interpublic Group Of Cos., Inc.'s operational efficiency and potential for generating profits from its core business activities.
Peer comparison
Dec 31, 2023