ManpowerGroup Inc (MAN)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	306,000	198,300	197,300	203,800	255,800	396,100	487,800	560,900	581,700	647,500	636,500	625,700	585,400	557,100	468,200	248,300	187,600	240,900	396,300	577,100
Revenue (ttm)	US$ in thousands	17,845,600	18,036,300	18,155,700	18,467,800	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
Operating profit margin		1.71%	1.10%	1.09%	1.10%	1.36%	2.09%	2.55%	2.90%	2.94%	3.18%	3.08%	2.99%	2.83%	2.74%	2.36%	1.36%	1.04%	1.33%	2.11%	2.83%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $306,000K ÷ $17,845,600K
= 1.71%

ManpowerGroup Inc's operating profit margin has shown fluctuations over the past few years. From March 31, 2020, to June 30, 2021, the margin was relatively low, ranging from 1.04% to 2.83%. However, there has been a gradual improvement since then, with the margin reaching a peak of 3.18% on September 30, 2022. Subsequently, there was a slight decline to 2.55% by June 30, 2023, before dropping further to 1.36% by December 31, 2023. This decline continued into the first half of 2024, with margins remaining around 1.1% before picking up slightly to 1.71% by December 31, 2024. Overall, ManpowerGroup Inc needs to focus on sustaining and potentially increasing its operating profit margin to ensure long-term profitability and financial health.