Verra Mobility Corp (VRRM)
Gross profit margin
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross profit (ttm) | US$ in thousands | 792,734 | 749,143 | 726,889 | 738,578 | 747,615 | 750,452 | 734,728 | 716,015 | 694,336 | 672,274 | 641,371 | 587,104 | 515,444 | 456,024 | 393,645 | 342,200 | 360,053 | 373,256 | 403,957 | 439,265 |
Revenue (ttm) | US$ in thousands | 879,207 | 868,720 | 853,102 | 835,137 | 817,310 | 792,367 | 780,090 | 763,116 | 741,598 | 725,508 | 689,947 | 631,117 | 550,590 | 480,773 | 415,586 | 366,738 | 393,593 | 405,891 | 437,223 | 466,989 |
Gross profit margin | 90.16% | 86.24% | 85.21% | 88.44% | 91.47% | 94.71% | 94.19% | 93.83% | 93.63% | 92.66% | 92.96% | 93.03% | 93.62% | 94.85% | 94.72% | 93.31% | 91.48% | 91.96% | 92.39% | 94.06% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $792,734K ÷ $879,207K
= 90.16%
The gross profit margin of Verra Mobility Corp has exhibited some fluctuations over the reported periods. The gross profit margin started at a high of 94.06% as of March 31, 2020, then decreased slightly to 92.39% by June 30, 2020. Subsequently, there was a gradual decline in the margin to 91.48% by the end of December 31, 2020.
However, there was a reversal in this trend as the gross profit margin increased to 93.31% by March 31, 2021, continuing to rise to 94.85% by September 30, 2021. This peak was followed by a slight decrease to 92.66% by September 30, 2022, and then a recovery to 94.71% by September 30, 2023.
Notably, there was a significant drop in the gross profit margin to 85.21% by June 30, 2024, representing a challenge for the company. This decline continued with the gross profit margin further decreasing to 90.16% by December 31, 2024.
Overall, while there have been fluctuations in the gross profit margin of Verra Mobility Corp, it is essential for stakeholders to closely monitor this metric to assess the company's ability to generate profits from its core operations and manage its cost of goods sold effectively.
Peer comparison
Dec 31, 2024