Clear Secure Inc (YOU)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 197,687 | -9,636 | -24,739 |
| Revenue | US$ in thousands | 614,797 | 436,994 | 253,595 |
| Gross profit margin | 32.15% | -2.21% | -9.76% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $197,687K ÷ $614,797K
= 32.15%
The gross profit margin of Clear Secure Inc has shown significant improvement over the past three years. In 2023, the company achieved a gross profit margin of 32.15%, a substantial increase compared to the negative margins of -2.21% in 2022 and -9.76% in 2021. This positive trend indicates that Clear Secure Inc has successfully increased its profitability by effectively managing its cost of goods sold and generating higher revenues relative to its production costs. The significant improvement in the gross profit margin reflects the company's enhanced operational efficiency and ability to generate a higher margin on its products or services. This positive trajectory suggests that Clear Secure Inc is on a path towards more sustainable and profitable operations.
Peer comparison
Dec 31, 2023