ManpowerGroup Inc (MAN)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	88,800	222,000	303,000	360,000	373,800	436,200	422,600	412,000	382,400	347,500	260,100	84,100	23,800	86,400	222,200	413,900	465,700	485,200	497,100	513,200
Revenue (ttm)	US$ in thousands	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	20,823,700	21,020,300	26,617,800	32,562,200
Net profit margin		0.47%	1.17%	1.58%	1.86%	1.89%	2.14%	2.04%	1.97%	1.85%	1.71%	1.31%	0.46%	0.13%	0.48%	1.18%	2.03%	2.24%	2.31%	1.87%	1.58%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $88,800K ÷ $18,813,000K
= 0.47%

The net profit margin of ManpowerGroup has shown variability over the past eight quarters, ranging from 0.47% in Q4 2023 to 2.14% in Q3 2022. The trend has been generally declining from the higher levels seen in Q3 and Q4 of 2022 to the lower levels in 2023. This indicates that the company's profitability relative to its revenue has been decreasing over time. Factors such as changes in expenses, pricing strategies, and revenue fluctuations may have contributed to these fluctuations in the net profit margin. It is important for the company to closely monitor and potentially address the drivers behind this trend to ensure sustainable profitability in the future.