ManpowerGroup Inc (MAN)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 145,100 | 88,800 | 373,800 | 382,400 | 23,800 |
| Revenue | US$ in thousands | 17,861,200 | 18,811,700 | 19,764,800 | 20,680,400 | 17,952,800 |
| Net profit margin | 0.81% | 0.47% | 1.89% | 1.85% | 0.13% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $145,100K ÷ $17,861,200K
= 0.81%
ManpowerGroup Inc's net profit margin has shown variability over the years. In 2020, the net profit margin was relatively low at 0.13%, indicating that for every dollar of revenue generated, the company retained only 0.13 cents as profit.
However, there was a significant improvement in 2021, with the net profit margin increasing to 1.85%. This suggests that the company became more efficient in managing its expenses relative to its revenue, resulting in higher profitability.
The positive trend continued in 2022, with the net profit margin further improving to 1.89%. This indicates that ManpowerGroup Inc maintained its profitability and potentially implemented strategies to enhance operational efficiency or revenue growth.
In 2023, there was a slight decrease in the net profit margin to 0.47%. This could be attributed to various factors such as changes in costs, economic conditions, or strategic decisions made during the year.
By 2024, the net profit margin had recovered somewhat to 0.81%. While still below the levels seen in 2021 and 2022, this improvement suggests that ManpowerGroup Inc may have implemented measures to strengthen its profitability.
Overall, ManpowerGroup Inc's net profit margin has fluctuated over the years, highlighting the company's ability to adapt to changing market conditions and its ongoing efforts to enhance profitability. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's financial health and performance.
Peer comparison
Dec 31, 2024