ManpowerGroup Inc (MAN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	88,800	373,800	382,400	23,800	465,700
Revenue	US$ in thousands	18,811,700	19,764,800	20,680,400	17,952,800	20,892,800
Net profit margin		0.47%	1.89%	1.85%	0.13%	2.23%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $88,800K ÷ $18,811,700K
= 0.47%

ManpowerGroup's net profit margin has shown some variability over the past five years. The net profit margin for the fiscal year ending December 31, 2023, was 0.47%, reflecting a decrease from the previous year's net profit margin of 1.89%. This decrease suggests a reduction in profitability compared to the prior year.

Looking back further, the net profit margin for 2021 was 1.85%, indicating a slight decrease compared to the prior year but remaining relatively stable. In contrast, the net profit margin for 2020 was 0.13%, which was significantly lower than the margins in the surrounding years.

The highest net profit margin in recent years was 2.23% in 2019, indicating the company's most robust profitability during this period. Overall, the trend in the net profit margin for ManpowerGroup has shown fluctuations, with some years demonstrating stronger profitability than others. It is important for investors and stakeholders to monitor and assess these fluctuations to understand the company's financial performance and stability.