Clear Secure Inc (YOU)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 104,813 | 89,005 | 58,885 | 20,138 | -27,573 | -112,552 | -125,891 | -129,064 | -128,593 | -95,489 | -120,113 |
| 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 |
| Operating profit margin | 14.23% | 12.74% | 8.90% | 3.28% | -4.82% | -21.36% | -26.27% | -29.51% | -32.99% | -27.96% | -40.86% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $104,813K ÷ $736,776K
= 14.23%
Clear Secure Inc's operating profit margin has shown a fluctuating trend over the past several quarters. The company experienced a positive operating profit margin of 14.23% in the most recent quarter, which indicates that Clear Secure Inc was able to generate operating income equivalent to 14.23% of its total revenue during that period.
Prior to that, the operating profit margin had been improving gradually from 3.28% in the fourth quarter of 2023 to 12.74% in the second quarter of 2024. This upward trend may suggest operational efficiency and cost management improvements within the company.
However, it is important to note that Clear Secure Inc faced challenges in earlier periods, as seen by negative operating profit margins in the third and fourth quarters of 2023, and further deteriorating margins in the preceding quarters. These negative margins indicate that the company's operating expenses were exceeding its operating income during those periods, which could be a cause for concern regarding profitability and efficiency.
Overall, the recent improvement in the operating profit margin to 14.23% highlights a positive performance for Clear Secure Inc. It will be crucial for the company to sustain or further enhance this margin to ensure long-term profitability and financial health. Monitoring and analyzing the factors driving these margin changes will be essential for stakeholders to assess the company's operational effectiveness and overall financial performance.
Peer comparison
Sep 30, 2024