Verra Mobility Corp (VRRM)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	86,997	120,854	112,021	122,671	127,108	120,119	125,945	96,561	67,901	28,066	4,340	-36,302	853	26,952	36,334	69,405	39,391	-24,544	-40,173	-50,527
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
Pretax margin		84.00%	117.68%	112.08%	127.36%	133.52%	141.53%	163.51%	159.74%	169.85%	21.13%	2.12%	-13.45%	0.23%	7.20%	9.08%	16.37%	9.80%	-6.44%	-10.69%	-13.30%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $86,997K ÷ $103,570K
= 84.00%

The pretax margin of Verra Mobility Corp has exhibited some fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 10.64%, showing a decrease from the previous quarter's 15.25%. This decline may indicate a decrease in profitability before taxes, which could be attributed to various factors such as increased expenses or lower revenue generation.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), the pretax margin has decreased from 17.14% to 10.64%, highlighting a significant decline in profitability over the year.

Looking at a broader trend, the pretax margin has shown variability throughout the quarters, with peaks and troughs observed. The company's ability to maintain a consistent or improving pretax margin over time is important for indicating its efficiency in generating profits before accounting for taxes.

Further analysis of the reasons behind the fluctuations in the pretax margin, such as cost management, revenue growth, or changes in business operations, would provide valuable insights into Verra Mobility Corp's financial performance and potential strategies for improvement.