Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $5,109 | $6,461 | $7,238 | $6,393 | $5,796 |
| Gross Profit | $2,013 | $2,696 | $3,094 | $2,575 | $2,247 |
| Operating Income | $422 | $806 | $891 | $555 | $337 |
| Net Income | $306 | $599 | $658 | $411 | $252 |
Over the five-year period, Robert Half Inc. exhibited a robust performance initially, followed by a noticeable decline later. Revenue grew from USD 5.11 billion in 2020 to a peak of approximately USD 7.24 billion in 2022, marking an impressive increase of around 42% over the early years. The strongest year-over-year growth was observed from 2020 to 2021, where revenue jumped nearly 26% and operating income nearly doubled from USD 421.76 million to USD 805.82 million, indicating significant operational efficiencies and market expansion during that period. Gross profit and net income followed similar strong trajectories, with net income increasing from USD 306.28 million in 2020 to about USD 657.92 million in 2022. However, the subsequent years saw a decline in all major financial metrics. Revenue dropped by roughly 12% in 2023 compared to 2022, with further declines into 2024, reaching USD 5.80 billion. Operating income and net income experienced sharper percentage decreases, with net income falling from USD 657.92 million in 2022 to USD 251.60 million in 2024—a drop of over 60%. These significant year-over-year swings, particularly in operating and net income, may indicate challenges such as tightening market conditions or increased operational costs in a competitive staffing and consulting services environment. Overall, while the initial growth phase underscored strong market positioning and scalable operational performance, the declines in later years warrant closer attention. The data suggests that sustaining growth and profitability may require strategic adjustments to navigate a more challenging market environment.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.