Interpublic Group of Companies Inc (IPG)
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 | 1,389,600 | 1,256,400 | 1,204,600 | 359,100 | 860,800 |
| Revenue | US$ in thousands | 10,889,300 | 10,927,800 | 10,240,700 | 9,061,000 | 10,221,300 |
| Pretax margin | 12.76% | 11.50% | 11.76% | 3.96% | 8.42% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,389,600K ÷ $10,889,300K
= 12.76%
The pretax margin of Interpublic Group Of Cos., Inc. has exhibited fluctuations over the past five years.
In 2023, the pretax margin stood at 12.94%, showing an improvement compared to the previous year when it was at 11.66%. This increase indicates that the company was able to generate a higher proportion of pre-tax profits relative to its total revenue in the most recent year.
Looking back further, in 2021, the pretax margin was slightly higher at 11.96% compared to 2020 when it was at 4.00%. This substantial jump in 2021 suggests a significant improvement in the company's operational efficiency and cost management.
However, the pretax margin in 2019 was notably higher at 8.60% compared to 2023. This indicates that the company's profitability in terms of pre-tax earnings relative to revenue was higher in 2019 compared to the most recent year.
Overall, the trend in Interpublic Group Of Cos., Inc.'s pretax margin reflects some variability over the years, signaling the company's ability to manage its costs and generate profits prior to accounting for taxes.
Peer comparison
Dec 31, 2023