Omnicom Group Inc (OMC)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,916,300 | 1,863,300 | 1,896,500 | 1,327,100 | 1,843,500 |
| Revenue | US$ in thousands | 14,692,200 | 14,289,100 | 14,289,400 | 13,171,100 | 14,953,700 |
| Pretax margin | 13.04% | 13.04% | 13.27% | 10.08% | 12.33% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,916,300K ÷ $14,692,200K
= 13.04%
Omnicom Group, Inc.'s pretax margin has shown fluctuating trends over the past five years. The company's pretax margin was highest in 2021 at 13.97% before decreasing slightly in 2022 to 13.65%. However, in 2023, the pretax margin increased marginally to 13.60%.
The pretax margin in 2020 was lower at 10.65%, potentially indicating a decrease in profitability or efficiency that year. Prior to 2020, the company had pretax margins above 12%, with the highest being in 2019 at 12.98%.
Overall, the trend in the pretax margin for Omnicom Group, Inc. suggests some variability in profitability over the years, with fluctuations in margins possibly influenced by factors such as changes in revenue, operating expenses, or other economic conditions. Monitoring these changes can provide insight into the company's financial performance and efficiency in generating profits before taxes.
Peer comparison
Dec 31, 2023