Clear Secure Inc (YOU)
Net profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 80,365 | 72,246 | 52,138 | 28,108 | 2,806 | -49,304 | -60,470 | -65,573 | -105,654 | -85,805 | -80,654 |
| Revenue (ttm) | US$ in thousands | 736,776 | 698,738 | 661,864 | 614,704 | 571,803 | 526,891 | 479,299 | 437,394 | 389,842 | 341,481 | 293,936 |
| Net profit margin | 10.91% | 10.34% | 7.88% | 4.57% | 0.49% | -9.36% | -12.62% | -14.99% | -27.10% | -25.13% | -27.44% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $80,365K ÷ $736,776K
= 10.91%
Clear Secure Inc's net profit margin has shown a fluctuating trend over the past several quarters. The net profit margin has improved from negative territory in the first quarter of 2022 to positive figures in the most recent quarter of September 2024. The company's net profit margin has increased gradually, indicating an enhancement in its profitability over time.
The highest net profit margin was recorded in the September 2024 quarter at 10.91%, suggesting that the company was able to translate a larger portion of its revenue into profit during this period. The lowest net profit margin was observed in the March 2022 quarter at -27.44%, signaling significant losses compared to revenue generated at that time.
Overall, the trend indicates a positive direction with increasing profitability, although there were some periods of challenges in the past where profitability was severely impacted. Continuous monitoring of the net profit margin is important to assess the company's financial performance and sustainability.
Peer comparison
Sep 30, 2024