Omnicom Group Inc (OMC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,216,800 | 1,913,200 | 2,083,300 | 2,197,900 | 1,317,000 |
| Revenue | US$ in thousands | 15,689,100 | 14,692,200 | 14,289,100 | 14,289,400 | 13,171,100 |
| Gross profit margin | 14.13% | 13.02% | 14.58% | 15.38% | 10.00% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,216,800K ÷ $15,689,100K
= 14.13%
Omnicom Group Inc's gross profit margin has shown fluctuating trends over the past five years. Starting at 10.00% on December 31, 2020, the margin increased significantly to 15.38% by December 31, 2021. However, in the following years, the margin slightly declined to 14.58% by December 31, 2022, and further dropped to 13.02% by December 31, 2023. Nonetheless, there was a recovery by December 31, 2024, where the gross profit margin improved to 14.13%.
Overall, the company experienced a notable improvement in gross profit margin between 2020 and 2021, but subsequent years saw some fluctuations. It is essential for Omnicom Group Inc to continue monitoring and optimizing its cost of goods sold and revenue generation strategies to sustain healthy levels of gross profit margin.
Peer comparison
Dec 31, 2024