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.
Peer comparison
Dec 31, 2023