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.