Verra Mobility Corp (VRRM)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	79,108	136,197	129,509	113,547	86,997	120,854	112,021	122,671	127,108	120,119	125,945	96,561	67,901	40,732	12,606	-19,702	1,986	14,152	27,934	52,671
Revenue (ttm)	US$ in thousands	879,207	868,720	853,102	835,137	817,310	792,367	780,090	763,116	741,598	725,508	689,947	631,117	550,590	480,773	415,586	366,738	393,593	405,891	437,223	466,989
Pretax margin		9.00%	15.68%	15.18%	13.60%	10.64%	15.25%	14.36%	16.08%	17.14%	16.56%	18.25%	15.30%	12.33%	8.47%	3.03%	-5.37%	0.50%	3.49%	6.39%	11.28%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $79,108K ÷ $879,207K
= 9.00%

The pretax margin of Verra Mobility Corp has shown varying levels over the analyzed period. It started at 11.28% in March 2020, improved to 15.30% by March 2022, with a peak of 18.25% in June 2022. The company experienced fluctuations, such as a decline to -5.37% in March 2021, indicating a loss-making period. Subsequently, there was a recovery trend, reaching 17.14% by December 2022.

However, in the later periods, the pretax margin fluctuated within a narrower range, showing levels around 14%-16%. Despite these fluctuations, the margins generally remained positive, indicating profitability before taxes. The pretax margin ended the analyzed period of December 2024 at 9.00%. Overall, the analysis reveals the company's ability to generate profits before tax over the period, with a mix of growth, recovery, and stabilizing trends observed in its pretax margin performance.