ManpowerGroup Inc (MAN)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	306,000	255,800	581,700	585,400	187,600
Revenue	US$ in thousands	17,861,200	18,811,700	19,764,800	20,680,400	17,952,800
Operating profit margin		1.71%	1.36%	2.94%	2.83%	1.04%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $306,000K ÷ $17,861,200K
= 1.71%

ManpowerGroup Inc's operating profit margin has displayed varying trends over the analyzed period.

In December 31, 2020, the operating profit margin was 1.04%, indicating relatively low profitability from operations. Subsequently, there was a significant improvement as of December 31, 2021, with the operating profit margin increasing to 2.83%, reflecting enhanced operational efficiency and potentially better cost management.

The positive momentum continued into December 31, 2022, where the operating profit margin further improved to 2.94%, suggesting sustained profitability and effective utilization of resources. However, there was a slight decline in profitability by December 31, 2023, with the operating profit margin decreasing to 1.36%.

By December 31, 2024, there was a moderate recovery in the operating profit margin, which rose to 1.71%, indicating some improvement in operational performance compared to the previous year but still below the levels achieved in 2022.

Overall, while there have been fluctuations in ManpowerGroup Inc's operating profit margin over the years, the company has demonstrated the ability to adapt and enhance profitability, albeit with some variability in performance.