Clear Secure Inc (YOU)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 28,832 | -67,635 | -35,849 |
| Revenue | US$ in thousands | 614,797 | 436,994 | 253,595 |
| Pretax margin | 4.69% | -15.48% | -14.14% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $28,832K ÷ $614,797K
= 4.69%
The pretax margin of Clear Secure Inc has shown significant improvement over the past three years. In 2023, the pretax margin stands at 4.69%, marking a noticeable recovery from the negative pretax margins reported in the previous two years (-15.48% in 2022 and -14.14% in 2021). This positive trend indicates that Clear Secure Inc has been able to enhance its profitability before accounting for taxes, which is a positive sign for the company's financial health and efficiency in managing its costs and expenses. It suggests that the company has been able to generate more income relative to its expenses, which is essential for sustainable growth and long-term success.
Peer comparison
Dec 31, 2023