Clear Secure Inc (YOU)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 20,138 | -129,064 | -114,933 |
| Revenue | US$ in thousands | 614,797 | 436,994 | 253,595 |
| Operating profit margin | 3.28% | -29.53% | -45.32% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $20,138K ÷ $614,797K
= 3.28%
The operating profit margin of Clear Secure Inc has shown a significant improvement over the past three years. In 2021, the company had a negative operating profit margin of -45.32%, indicating that its operating expenses exceeded its operating income by a large margin. However, by the end of 2022, Clear Secure Inc managed to turn this around, achieving a positive operating profit margin of -29.53%, but still below breakeven. Finally, by the end of 2023, the company further improved its performance with a positive operating profit margin of 3.28%, signaling a return to profitability and a more efficient management of its operating expenses relative to its revenue. This positive trend suggests that Clear Secure Inc has been successful in enhancing its operational efficiency and controlling costs, which bodes well for its financial health and future prospects.
Peer comparison
Dec 31, 2023