ManpowerGroup Inc (MAN)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	3,086,800	3,358,000	3,572,400	3,407,500	2,824,700
Revenue	US$ in thousands	17,861,200	18,811,700	19,764,800	20,680,400	17,952,800
Gross profit margin		17.28%	17.85%	18.07%	16.48%	15.73%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $3,086,800K ÷ $17,861,200K
= 17.28%

The gross profit margin of ManpowerGroup Inc has shown an upward trend from 15.73% in December 2020 to 17.28% in December 2024. This indicates an improvement in the company's ability to generate profit from its core business operations after accounting for the cost of goods sold. The increase in gross profit margin suggests that ManpowerGroup Inc has been able to either improve pricing strategies, reduce direct costs, or enhance operational efficiencies over the period under review. However, it is worth noting that there was a slight dip in the gross profit margin in December 2023 compared to the previous year, which may warrant further investigation to understand the factors driving this change. Overall, the upward trend in the gross profit margin is a positive indicator of the company's financial performance and management effectiveness in controlling costs and maximizing profitability.