ManpowerGroup Inc (MAN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 255,800 | 581,700 | 585,400 | 187,600 | 644,900 |
| Revenue | US$ in thousands | 18,811,700 | 19,764,800 | 20,680,400 | 17,952,800 | 20,892,800 |
| Operating profit margin | 1.36% | 2.94% | 2.83% | 1.04% | 3.09% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $255,800K ÷ $18,811,700K
= 1.36%
The operating profit margin of ManpowerGroup has fluctuated over the past five years, ranging from a low of 1.41% in 2020 to a high of 3.09% in 2019. In 2023, the operating profit margin decreased to 1.64% from 2.93% in 2022. This decline may indicate a decrease in the company's ability to generate profits from its core operations compared to the previous year. Further analysis of the company's cost structure, revenue streams, and operational efficiency is recommended to understand the factors contributing to this change in operating profit margin. Additionally, comparison with industry peers and benchmarking against historical performance can provide valuable insights into ManpowerGroup's financial health and performance.
Peer comparison
Dec 31, 2023