ManpowerGroup Inc (MAN)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	3,086,800	3,142,400	3,182,200	3,258,600	3,358,000	3,422,900	3,479,500	3,538,400	3,572,400	3,623,100	3,597,600	3,536,500	3,407,500	3,280,100	3,152,200	2,868,800	2,824,700	2,885,400	3,000,600	3,294,300
Revenue (ttm)	US$ in thousands	17,845,600	18,036,300	18,155,700	18,467,800	18,813,000	18,997,000	19,134,800	19,366,000	19,762,200	20,347,600	20,690,800	20,895,400	20,680,400	20,363,000	19,806,800	18,271,300	17,964,500	18,106,200	18,765,700	20,396,800
Gross profit margin		17.30%	17.42%	17.53%	17.64%	17.85%	18.02%	18.18%	18.27%	18.08%	17.81%	17.39%	16.92%	16.48%	16.11%	15.91%	15.70%	15.72%	15.94%	15.99%	16.15%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,086,800K ÷ $17,845,600K
= 17.30%

The gross profit margin of ManpowerGroup Inc has shown a generally positive trend over the period from March 31, 2020, to December 31, 2024. The margin started at 16.15% in March 2020 and reached its lowest point at 15.70% in March 2021 before gradually increasing to 17.30% by December 2024. This indicates that the company has been effectively managing its production costs and generating more profits per dollar of sales over time. The rising trend in gross profit margin reflects an improvement in the company's efficiency in controlling direct costs associated with producing goods or services.