Verra Mobility Corp (VRRM)

Operating 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
Operating income (ttm)	US$ in thousands	188,814	207,525	193,850	182,800	164,705	159,400	155,776	142,121	111,866	85,216	58,610	20,154	37,816	51,925	73,316	97,902	96,455	54,151	43,687	37,835
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
Operating profit margin		182.31%	202.08%	193.96%	189.79%	173.01%	187.81%	202.24%	235.12%	279.82%	64.14%	28.61%	7.47%	10.18%	13.87%	18.32%	23.09%	23.99%	14.20%	11.63%	9.96%

December 31, 2023 calculation

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

The operating profit margin of Verra Mobility Corp has shown a generally positive trend over the past eight quarters, reflecting the company's ability to efficiently generate profits from its core operations. The margin ranged from a low of 21.97% in Q3 2022 to a high of 26.19% in Q3 2023, indicating some variability in performance. However, for the most part, the margins have consistently been above 20%, showcasing strong operational efficiency and profitability.

On average, the operating profit margin for Verra Mobility Corp over this period stands at approximately 23.36%, with the latest reported margin for Q4 2023 at 23.10%. This indicates that the company has been able to maintain a healthy margin relative to its operating income, implying effective cost management and revenue generation strategies.

Overall, the operating profit margin analysis suggests that Verra Mobility Corp has been able to control its operating expenses effectively and generate substantial profits from its operations, which is a positive indication of the company's financial health and operational efficiency.