Omnicom Group Inc (OMC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,913,200 | 2,083,300 | 2,197,900 | 1,317,000 | 2,122,300 |
| Revenue | US$ in thousands | 14,692,200 | 14,289,100 | 14,289,400 | 13,171,100 | 14,953,700 |
| Gross profit margin | 13.02% | 14.58% | 15.38% | 10.00% | 14.19% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,913,200K ÷ $14,692,200K
= 13.02%
The gross profit margin of Omnicom Group, Inc. has remained consistently at 100.00% over the past five years, indicating that the company has been able to effectively manage its production costs and maintain a high level of profitability in relation to its revenue. This high and stable gross profit margin reflects the company's ability to generate revenue while keeping its cost of goods sold low, which is a positive indication of operational efficiency and pricing strategies. Overall, Omnicom Group, Inc. appears to have a strong control over its cost structure, contributing to its sustained profitability over the years.
Peer comparison
Dec 31, 2023