Verra Mobility Corp (VRRM)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	188,814	164,705	111,866	37,816	96,455
Revenue	US$ in thousands	103,570	94,318	39,977	13,302	388,008
Operating profit margin		182.31%	174.63%	279.83%	284.29%	24.86%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $188,814K ÷ $103,570K
= 182.31%

Verra Mobility Corp's operating profit margin has exhibited fluctuations over the past five years. The margin increased from 9.61% in 2020 to 22.21% in 2022 before reaching its peak at 23.10% in 2023. This upward trend indicates improved efficiency in generating profits from its core operations. However, it is essential to note that in 2021, there was a slight dip to 20.32%, suggesting a temporary setback in profitability. Overall, Verra Mobility Corp has demonstrated strong operating profit margins in recent years, reflecting effective cost management and revenue generation strategies.