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Clear Secure (Clear Secure) Pretax Margin % : 19.02% (As of Mar. 2024)


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What is Clear Secure Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Clear Secure's Pre-Tax Income for the three months ended in Mar. 2024 was $34.1 Mil. Clear Secure's Revenue for the three months ended in Mar. 2024 was $179.0 Mil. Therefore, Clear Secure's pretax margin for the quarter that ended in Mar. 2024 was 19.02%.

The historical rank and industry rank for Clear Secure's Pretax Margin % or its related term are showing as below:

YOU' s Pretax Margin % Range Over the Past 10 Years
Min: -45.26   Med: -26.86   Max: 14.09
Current: 14.09


YOU's Pretax Margin % is ranked better than
80.27% of 2762 companies
in the Software industry
Industry Median: 2.17 vs YOU: 14.09

Clear Secure Pretax Margin % Historical Data

The historical data trend for Clear Secure's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Clear Secure Pretax Margin % Chart

Clear Secure Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
-28.20 -4.03 -45.26 -26.86 8.25

Clear Secure Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.34 5.50 17.22 13.54 19.02

Competitive Comparison of Clear Secure's Pretax Margin %

For the Software - Application subindustry, Clear Secure's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Clear Secure's Pretax Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Clear Secure's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Clear Secure's Pretax Margin % falls into.



Clear Secure Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Clear Secure's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=50.612/613.579
=8.25 %

Clear Secure's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=34.053/179.049
=19.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Clear Secure  (NYSE:YOU) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Clear Secure Pretax Margin % Related Terms

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Clear Secure (Clear Secure) Business Description

Traded in Other Exchanges
N/A
Address
85 10th Avenue, 9th Floor, New York, NY, USA, 10011
Clear Secure Inc is involved in the creation of a frictionless travel experience while enhancing security. Its secure identity platform uses biometrics to automate the identity verification process through lanes in airports which helps to make the travel experience safe and easy.
Executives
Durable Capital Partners Lp 10 percent owner 4747 BETHESDA AVENUE, SUITE #1002, BETHESDA MD 20814
Shawn Henry director CROWDSTRIKE HOLDINGS, INC., 150 MATHILDA PLACE, SUITE 300, SUNNYVALE CA 94086
Jonathan J. Feldman officer: EVP, Powered by CLEAR 85 10TH AVE., 9TH FLOOR, NEW YORK NY 10011
Kasra Moshkani officer: EVP, Operations 85 10TH AVE., 9TH FLOOR, NEW YORK NY 10022
Patterson Richard N. Jr. officer: Chief Info Sec. Officer 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
Jeffery H Boyd director C/O ASPEN GROVE CAPITAL, LLC, PO BOX 9389, AVON CO 81620
General Atlantic Partners Aiv (ac), L.p. 10 percent owner C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic, L.p. 10 percent owner 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Gapco Aiv Interholdco (ac), L.p. 10 percent owner C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Matthew Levine officer: GC & Chief Privacy Officer 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
Kenneth L. Cornick director, 10 percent owner, officer: President & CFO 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
Alclear Investments Ii, Llc director, 10 percent owner, other: See Remarks 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
Alclear Investments, Llc director, 10 percent owner, other: See Remarks 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
Dennis W. Liu officer: Chief Accounting Officer 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
General Atlantic (alc), L.p. 10 percent owner C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055