Clear Secure Inc (YOU)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 489,338 | 382,112 | 276,380 | 149,017 | 157,081 |
| Revenue | US$ in thousands | 770,488 | 613,579 | 437,434 | 253,953 | 230,796 |
| Gross profit margin | 63.51% | 62.28% | 63.18% | 58.68% | 68.06% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $489,338K ÷ $770,488K
= 63.51%
Based on the data provided, Clear Secure Inc's gross profit margin has shown some fluctuations over the years. The gross profit margin decreased from 68.06% as of December 31, 2020, to 58.68% as of December 31, 2021. However, it increased in the following years, reaching 63.18% as of December 31, 2022, 62.28% as of December 31, 2023, and further improved to 63.51% as of December 31, 2024.
The trend indicates a slight decrease in the gross profit margin initially, followed by a recovery and improvement in subsequent years. It is essential for Clear Secure Inc to monitor and manage its cost of goods sold and gross profit effectively to maintain and enhance its overall profitability. Further analysis of the company's operational efficiency and pricing strategies could provide insights into the factors influencing these fluctuations in the gross profit margin.
Peer comparison
Dec 31, 2024