Clear Secure Inc (YOU)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 66,627 | 138,970 | 123,812 | 93,057 | 50,612 | 7,029 | -86,683 | -107,398 | -117,498 | -128,258 | -94,890 | -120,308 | -114,938 | -75,281 | -31,407 | 28,837 | -9,294 |
| 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 |
| Pretax margin | 8.65% | 18.90% | 17.76% | 14.09% | 8.25% | 1.23% | -16.47% | -22.41% | -26.86% | -32.90% | -27.79% | -40.93% | -45.26% | -33.24% | -14.59% | 13.10% | -4.03% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $66,627K ÷ $770,488K
= 8.65%
Clear Secure Inc's pretax margin exhibited significant fluctuations over the reported periods. The margin started negative at -4.03% in December 2020, turned positive in March 2021 at 13.10%, before deteriorating rapidly to -45.26% by December 2021. Subsequently, the pretax margin continued to fluctuate, with improvements and declines seen in various quarters. Notably, the margin improved consistently from September 2023, reaching 18.90% by September 2024. This positive trend implies potential operational efficiency enhancements and better cost management strategies implemented by the company during the latter half of the reporting period.
Peer comparison
Dec 31, 2024