Robert Half International Inc (RHI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 411,146 | 657,919 | 598,626 | 306,276 | 454,433 |
| Revenue | US$ in thousands | 6,416,490 | 7,246,150 | 6,461,640 | 5,110,340 | 6,079,560 |
| Net profit margin | 6.41% | 9.08% | 9.26% | 5.99% | 7.47% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $411,146K ÷ $6,416,490K
= 6.41%
Net profit margin is a key financial ratio that measures the percentage of revenue that translates into net income after accounting for all expenses. For Robert Half Inc, the trend in net profit margin over the past five years shows some variability. The net profit margin decreased from 7.48% in 2019 to 5.99% in 2020, indicating a lower profitability in 2020. However, the company managed to improve its net profit margin in the subsequent years, reaching 9.26% in 2021 and then slightly decreasing to 9.09% in 2022. In 2023, the net profit margin further decreased to 6.43%.
Overall, the trend suggests fluctuating profitability for Robert Half Inc over the five-year period. It is important for the company to closely monitor its expenses and revenue generation strategies to ensure sustainable profitability and long-term growth.
Peer comparison
Dec 31, 2023