Clear Secure Inc (YOU)

Operating profit margin

		Dec 31, 2024	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	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Operating income (ttm)	US$ in thousands	123,191	104,813	89,005	58,885	20,138	-27,573	-112,552	-125,891	-129,064	-128,593	-95,489	-120,113	-114,933	-83,438	-40,160	19,863	-18,929
Revenue (ttm)	US$ in thousands	770,488	735,183	697,146	660,272	613,579	570,867	526,399	479,251	437,434	389,840	341,479	293,934	253,953	226,449	215,266	220,066	230,796
Operating profit margin		15.99%	14.26%	12.77%	8.92%	3.28%	-4.83%	-21.38%	-26.27%	-29.50%	-32.99%	-27.96%	-40.86%	-45.26%	-36.85%	-18.66%	9.03%	-8.20%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $123,191K ÷ $770,488K
= 15.99%

Clear Secure Inc's operating profit margin has shown significant volatility over the past few years. In December 2020, the company had a negative operating profit margin of -8.20%, indicating that its operating expenses were high relative to its revenue. However, by March 2021, the operating profit margin improved to 9.03%, showing a positive trend.

Subsequently, the operating profit margin deteriorated sharply, reaching lows of -45.26% by December 2021. The company's profitability continued to be challenged in the following quarters with negative operating profit margins ranging from -40.86% to -21.38% up to June 2023.

However, from September 2023 onwards, Clear Secure Inc started to demonstrate a positive turnaround in its operating profit margin. The company's operating performance improved steadily, with positive operating profit margins of 3.28% in December 2023, 8.92% in March 2024, and reaching a robust 15.99% by December 2024.

Overall, Clear Secure Inc's operating profit margin reflects a period of profitability challenges followed by a successful recovery and improvement in profitability over the reviewed period.