Omnicom Group Inc (OMC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,391,400 | 1,316,500 | 1,407,800 | 945,400 | 1,339,100 |
| Revenue | US$ in thousands | 14,692,200 | 14,289,100 | 14,289,400 | 13,171,100 | 14,953,700 |
| Net profit margin | 9.47% | 9.21% | 9.85% | 7.18% | 8.95% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,391,400K ÷ $14,692,200K
= 9.47%
Omnicom Group, Inc.'s net profit margin has shown some variability over the past five years. In 2023, the net profit margin stood at 9.47%, a slight improvement from the previous year's figure of 9.21%. However, compared to 2021 where the net profit margin was 9.85%, there was a slight decline in profitability in 2023.
Looking further back, in 2020, the net profit margin was 7.18%, indicating a significant improvement in profitability in the following years. Additionally, in 2019, the net profit margin was 8.95%, showing a slight decrease compared to 2023.
Overall, Omnicom Group's net profit margin has been relatively stable around the 9% mark in recent years, with some fluctuations being observed. It is important for the company to continue monitoring and optimizing its profitability to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023