Clear Secure Inc (YOU)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 28,108 | -65,573 | -36,082 |
| Revenue | US$ in thousands | 614,797 | 436,994 | 253,595 |
| Net profit margin | 4.57% | -15.01% | -14.23% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $28,108K ÷ $614,797K
= 4.57%
The net profit margin of Clear Secure Inc has shown improvement over the past three years. In 2023, the company achieved a net profit margin of 4.57%, a significant increase from the negative margins reported in 2022 (-15.01%) and 2021 (-14.23%). This positive trend indicates that Clear Secure Inc has been able to effectively control its expenses and improve its profitability levels, leading to a healthier financial performance in 2023 compared to the previous years. Overall, the company's ability to generate higher net profits in relation to its revenue has strengthened, reflecting potentially better management of costs and overall financial health.
Peer comparison
Dec 31, 2023