Clear Secure Inc (YOU)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 87,368 | 75,252 | 54,946 | 28,832 | 1,971 | -51,429 | -62,953 | -67,635 | -106,079 | -85,634 | -80,125 |
| 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 |
| Pretax margin | 11.86% | 10.77% | 8.30% | 4.69% | 0.34% | -9.76% | -13.13% | -15.46% | -27.21% | -25.08% | -27.26% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $87,368K ÷ $736,776K
= 11.86%
Clear Secure Inc's pretax margin has fluctuated significantly over the past few quarters. The pretax margin increased consistently from -27.26% in March 2022 to 11.86% in September 2024. This positive trend indicates an improvement in the company's ability to generate profits before taxes relative to its revenue.
It is worth noting that Clear Secure Inc's pretax margin was negative for several quarters, indicating that the company was operating at a loss or with low profitability levels. However, the company managed to turn this around and achieve positive pretax margins in the most recent quarters.
Overall, Clear Secure Inc's pretax margin has shown a positive trajectory, reflecting potential improvements in cost management, revenue generation, or operational efficiency. Further analysis and monitoring of this metric will be essential to evaluate the company's financial health and sustainability.
Peer comparison
Sep 30, 2024