Robert Half International Inc (RHI)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	2,247,230	2,575,000	3,094,050	2,696,030	2,012,610
Revenue	US$ in thousands	5,795,840	6,416,490	7,246,150	6,461,640	5,110,340
Gross profit margin		38.77%	40.13%	42.70%	41.72%	39.38%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,247,230K ÷ $5,795,840K
= 38.77%

The gross profit margin of Robert Half International Inc has shown fluctuations over the past five years.

In December 2020, the gross profit margin stood at 39.38%, showing a moderate level. By December 2021, there was an increase to 41.72%, indicating an improvement in the company's ability to generate profit from its revenue.

The following year, in December 2022, the gross profit margin further increased to 42.70%, reaching its peak during the period under review. This suggests that the company was effectively managing its cost of goods sold and maximizing its revenue.

However, in December 2023, there was a slight decrease in the gross profit margin to 40.13%, which may indicate challenges in maintaining the same level of profitability seen in the previous year.

By December 2024, the gross profit margin decreased further to 38.77%, falling below the levels seen in the earlier years. This decline could be attributed to various factors such as rising costs or pricing pressures in the industry.

Overall, while the gross profit margin of Robert Half International Inc has shown some volatility over the years, it is important for the company to closely monitor and manage its cost structure to ensure sustainable profitability in the future.