Verra Mobility Corp (VRRM)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	57,015	82,211	76,479	87,012	92,475	83,323	86,053	60,404	41,449	8,301	-7,919	-35,633	-4,578	19,951	26,617	53,930	25,810	-22,591	-33,830	-42,216
Revenue (ttm)	US$ in thousands	103,570	102,694	99,943	96,318	95,201	84,874	77,024	60,447	39,978	132,853	204,857	269,820	371,326	374,327	400,305	423,954	402,116	381,360	375,654	379,932
Net profit margin		55.05%	80.05%	76.52%	90.34%	97.14%	98.17%	111.72%	99.93%	103.68%	6.25%	-3.87%	-13.21%	-1.23%	5.33%	6.65%	12.72%	6.42%	-5.92%	-9.01%	-11.11%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $57,015K ÷ $103,570K
= 55.05%

The net profit margin of Verra Mobility Corp has shown some variability over the past eight quarters. The net profit margin decreased from 12.47% in Q4 2022 to 6.98% in Q4 2023, indicating a decline in profitability. There was a subsequent improvement in Q3 2023 with a net profit margin of 10.38%, but it decreased again in Q2 2023 to 9.80%. In Q1 2023, the net profit margin increased to 11.40%.

Overall, the company's net profit margin has been fluctuating within the range of 6.98% to 12.47% over the past eight quarters, with a general downward trend observed in recent quarters. This suggests that Verra Mobility Corp may be experiencing some challenges in maintaining consistent profitability levels. Further analysis of the company's financial performance and factors impacting its profitability may be needed to determine the underlying reasons for these fluctuations in the net profit margin.