Omnicom Group Inc (OMC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,104,700 | 2,083,300 | 2,197,900 | 1,598,800 | 2,122,300 |
| Revenue | US$ in thousands | 14,692,200 | 14,289,100 | 14,289,400 | 13,171,100 | 14,953,700 |
| Operating profit margin | 14.33% | 14.58% | 15.38% | 12.14% | 14.19% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,104,700K ÷ $14,692,200K
= 14.33%
Omnicom Group, Inc.'s operating profit margin has shown relatively stable performance over the past five years, ranging between 14.19% and 15.37%. In 2023, the operating profit margin decreased slightly to 15.09% from 15.37% in 2022. This indicates that the company was able to maintain a healthy level of profitability from its core operations despite a slight dip in the most recent period. Overall, Omnicom Group, Inc. has demonstrated consistent profitability over the years, which is a positive sign for investors and stakeholders.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Omnicom Group Inc
OMC
14.33%
Interpublic Group of Companies Inc
IPG
13.62%