Verra Mobility Corp (VRRM)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -177,640 | -175,560 | 286,699 | 253,763 | 203,262 |
| Revenue | US$ in thousands | 103,570 | 94,318 | 39,977 | 13,302 | 388,008 |
| Gross profit margin | -171.52% | -186.14% | 717.16% | 1,907.71% | 52.39% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-177,640K ÷ $103,570K
= -171.52%
The gross profit margin of Verra Mobility Corp has shown a consistent and generally high trend over the past five years. The company's ability to efficiently control its costs and generate revenue from its primary operations is evident in its gross profit margin performance. The margins have ranged from 91.48% to 95.66% during this period, with the latest figure for 2023 standing at 94.68%.
This indicates that Verra Mobility Corp has been successful in maintaining a high level of gross profit relative to its revenue, suggesting strong pricing power, effective cost management, and possibly a competitive advantage in its industry. The stability and high percentages of the gross profit margin signify a healthy business model that is able to consistently generate profits from its core operations.
Peer comparison
Dec 31, 2023