Gartner Inc (IT)
Operating profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Operating income | US$ in thousands | 1,236,890 | 1,100,110 | 915,751 | 490,150 | 370,087 |
Revenue | US$ in thousands | 5,999,420 | 5,479,130 | 4,676,650 | 3,994,620 | 4,181,240 |
Operating profit margin | 20.62% | 20.08% | 19.58% | 12.27% | 8.85% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,236,890K ÷ $5,999,420K
= 20.62%
Gartner, Inc.'s operating profit margin has shown a generally positive trend over the past five years. The company has been able to efficiently control its operating expenses and generate healthy operating profits relative to its revenue.
In 2023, the operating profit margin decreased slightly to 18.81% from 20.26% in 2022. Despite this decrease, the margin remained relatively strong, indicating effective cost management and operational efficiency.
Compared to 2021 and prior years, where the operating profit margin ranged from 8.94% to 19.47%, the 2023 margin is still significantly higher, showcasing a positive trend in profitability.
Overall, Gartner, Inc. has demonstrated consistent profitability and operational effectiveness as reflected by its operating profit margins over the past five years.
Peer comparison
Dec 31, 2023