ManpowerGroup Inc (MAN)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	205,900	351,200	453,300	531,500	557,100	629,200	618,000	611,100	568,100	536,400	446,400	223,500	147,700	203,100	352,300	609,100	685,500	713,700	713,800	710,600
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
Pretax margin		1.09%	1.85%	2.37%	2.74%	2.82%	3.09%	2.99%	2.92%	2.75%	2.63%	2.25%	1.22%	0.82%	1.12%	1.88%	2.99%	3.29%	3.40%	2.68%	2.18%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $205,900K ÷ $18,813,000K
= 1.09%

ManpowerGroup's pretax margin has shown a decreasing trend over the last eight quarters, starting at 2.81% in Q4 2022 and declining to 1.09% in Q4 2023. Despite some fluctuations, the pretax margin has generally been on a downward trajectory. This may indicate challenges in managing expenses relative to revenue, potentially impacting the company's overall profitability. Further analysis of cost control measures and revenue generation strategies may be necessary to improve the pretax margin performance of ManpowerGroup.