Robert Half International Inc (RHI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 555,493 | 890,614 | 805,824 | 421,758 | 621,751 |
| Revenue | US$ in thousands | 6,416,490 | 7,246,150 | 6,461,640 | 5,110,340 | 6,079,560 |
| Operating profit margin | 8.66% | 12.29% | 12.47% | 8.25% | 10.23% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $555,493K ÷ $6,416,490K
= 8.66%
The operating profit margin of Robert Half Inc has exhibited fluctuations over the past five years. The company's operating profit margin was 7.27% in 2023, a decrease from 13.47% in 2022 but an improvement from 6.76% in 2020. Despite this improvement, the margin in 2023 remains below the levels seen in 2019 and 2021, which were 10.21% and 11.49%, respectively. This indicates that the company's ability to generate profits from its core operations has varied significantly in recent years. It is important for Robert Half Inc to closely monitor and manage its operating expenses to improve and stabilize its operating profit margin over the long term.
Peer comparison
Dec 31, 2023