Verra Mobility Corp (VRRM)

Operating profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating income US$ in thousands 136,022 188,814 164,705 111,866 37,816
Revenue US$ in thousands 879,207 817,310 741,598 550,590 393,593
Operating profit margin 15.47% 23.10% 22.21% 20.32% 9.61%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $136,022K ÷ $879,207K
= 15.47%

The operating profit margin of Verra Mobility Corp has shown a notable improvement over the years. Starting at 9.61% on December 31, 2020, the margin increased substantially to 20.32% by December 31, 2021. This positive trend continued into the following years, reaching 22.21% by December 31, 2022, further improving to 23.10% by December 31, 2023. However, there was a slight decline in the operating profit margin to 15.47% by December 31, 2024. Overall, the company has demonstrated strong operational efficiency and profitability during the period under review.