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Verra Mobility Corporation (VRRM) 10-Year Financial Performance & Capital Metrics

VRRM • • Industrial / General
TechnologyIT ServicesIoT & Emerging Technology SolutionsIoT & Smart Solutions
AboutVerra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services; Government Solutions; and Parking Solutions. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes. This segment serves municipalities, counties, school districts, and law enforcement agencies. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners. The Parking Solutions segment provides an integrated suite of parking software and hardware solutions to universities, municipalities, parking operators, healthcare facilities, and transportation hubs. The company was incorporated in 2016 and is headquartered in Mesa, Arizona.Show more
  • Revenue $879M +7.6%
  • EBITDA $245M -18.8%
  • Net Income $31M -44.8%
  • EPS (Diluted) 0.19 -47.2%
  • Gross Margin 97.84% +3.3%
  • EBITDA Margin 27.88% -24.5%
  • Operating Margin 15.47% -33.0%
  • Net Margin 3.58% -48.7%
  • ROE 9.16% -47.6%
  • ROIC 7.81% -24.6%
  • Debt/Equity 4.02 +57.9%
  • Interest Coverage 1.84 -15.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 21.4%
  • ✓FCF machine: 17.4% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 14.4%

✗Weaknesses

  • ✗High debt to equity ratio of 4.0x
  • ✗Expensive at 14.5x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y14.4%
3Y16.88%
TTM8.52%

Profit (Net Income) CAGR

10Y-
5Y12.99%
3Y-8.79%
TTM-49.47%

EPS CAGR

10Y-
5Y-1.98%
3Y-8.74%
TTM-46.48%

ROCE

10Y Avg3055.56%
5Y Avg8.35%
3Y Avg10.43%
Latest9.1%

Peer Comparison

IoT & Smart Solutions
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
VRRMVerra Mobility Corporation3.65B22.88120.427.57%5.42%12.67%4.18%4.02
LZMHLZ Technology Holdings Limited Class B Ordinary Shares173.62M1.342.3944.64%0.67%8.59%2.49%0.52
VEEAWVeea Inc.0.07-0.04-98.44%-10.03%
ARBBARB IOT Group Limited10.77M6.10-0.20-75.97%-23.28%-25.63%100%0.00
VEEAVeea Inc.25.33M0.51-0.27-98.44%-10.03%
LHSWLianhe Sowell International Group Ltd Ordinary Shares40.56M0.78-0.16%8.55%32.04%0.23

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+230.75M-780.28K370.15M448.74M393.59M550.59M741.6M817.31M879.21M
Revenue Growth %--1%475.38%0.21%-0.12%0.4%0.35%0.1%0.08%
Cost of Goods Sold+95.91M51.58M9.23M145.12M33.54M35.15M47.26M43.46M18.99M
COGS % of Revenue0.42%-66.11%0.02%0.32%0.09%0.06%0.06%0.05%0.02%
Gross Profit+134.84M-52.36M360.91M303.62M360.05M515.44M694.34M773.85M860.22M
Gross Margin %0.58%67.11%0.98%0.68%0.91%0.94%0.94%0.95%0.98%
Gross Profit Growth %--1.39%7.89%-0.16%0.19%0.43%0.35%0.11%0.11%
Operating Expenses+170.71M780.28K348.3M207.16M322.24M403.58M529.63M585.03M724.2M
OpEx % of Revenue0.74%-1%0.94%0.46%0.82%0.73%0.71%0.72%0.82%
Selling, General & Admin53.03M580.59K136.07M85.49M89.66M123.41M163.13M166.65M195.05M
SG&A % of Revenue0.23%-0.74%0.37%0.19%0.23%0.22%0.22%0.2%0.22%
Research & Development0003.8M00000
R&D % of Revenue---0.01%-----
Other Operating Expenses2.47M199.69K8.79M117.87M232.57M280.17M366.5M418.38M529.14M
Operating Income+47.89M-780.28K12.61M96.45M37.82M111.87M164.71M188.81M136.02M
Operating Margin %0.21%1%0.03%0.21%0.1%0.2%0.22%0.23%0.15%
Operating Income Growth %--1.02%17.16%6.65%-0.61%1.96%0.47%0.15%-0.28%
EBITDA+81.81M44.94M115.95M208.22M154.39M228.67M304.88M301.88M245.09M
EBITDA Margin %0.35%-57.6%0.31%0.46%0.39%0.42%0.41%0.37%0.28%
EBITDA Growth %--0.45%1.58%0.8%-0.26%0.48%0.33%-0.01%-0.19%
D&A (Non-Cash Add-back)33.92M45.73M103.35M111.77M116.57M116.8M140.17M113.07M109.07M
EBIT50.36M11.79M1.82M102.35M41.72M112.84M196.48M173.7M153.01M
Net Interest Income+-2.71M0-69.55M-60.73M-40.87M-44.94M-69.37M-86.7M-73.9M
Interest Income03.02M0000000
Interest Expense2.71M3.02M69.55M60.73M40.87M44.94M69.37M86.7M73.9M
Other Income/Expense-235.72K3.02M-90.48M-65.8M-36.96M-43.97M-37.6M-101.82M-56.91M
Pretax Income+47.66M2.24M-74.64M30.66M853K67.9M127.11M87M79.11M
Pretax Margin %0.21%-2.86%-0.2%0.07%0%0.12%0.17%0.11%0.09%
Income Tax+18.66M810.93K-16.24M13.58M5.43M26.45M34.63M29.98M47.66M
Effective Tax Rate %0.61%0.64%0.78%0.56%-5.37%0.61%0.73%0.66%0.4%
Net Income+29M1.42M-58.39M17.08M-4.58M41.45M92.47M57.02M31.45M
Net Margin %0.13%-1.83%-0.16%0.04%-0.01%0.08%0.12%0.07%0.04%
Net Income Growth %--0.95%-41.99%1.29%-1.27%10.05%1.23%-0.38%-0.45%
Net Income (Continuing)29M19.48M-51.48M17.08M-4.58M41.45M92.47M57.02M31.45M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)+0.720.03-0.670.21-0.020.250.580.360.19
EPS Growth %--0.96%-23.64%1.31%-1.1%12.74%1.32%-0.38%-0.47%
EPS (Basic)0.720.03-0.670.21-0.020.260.610.360.19
Diluted Shares Outstanding40M48.15M87.32M160.08M161.63M163.78M159.03M160.02M167.72M
Basic Shares Outstanding40M48.15M87.16M157.89M161.63M159.98M152.85M158.78M165.09M
Dividend Payout Ratio1.62%--------

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+418.23K961.78K185.15M272.44M328.04M348.07M362.59M439.54M394M
Cash & Short-Term Investments3.19K826.2K65.05M131.51M120.26M101.28M105.2M138.63M77.56M
Cash Only3.19K826.2K65.05M131.51M120.26M101.28M105.2M136.31M77.56M
Short-Term Investments00000002.32M0
Accounts Receivable43664.98M100.47M113.52M182.83M193.45M197.76M234.89M261.47M
Days Sales Outstanding0-30.4K99.0792.33169.55128.2497.33104.9108.55
Inventory002.03M0113K12.09M19.31M17.97M15.5M
Days Inventory Outstanding--80.36-1.23125.59149.11150.88297.99
Other Current Assets414.61K04.4M3.02M1.41M3.15M3.91M19.85M8M
Total Non-Current Assets+414.61K402.74M1.16B1.13B1.04B1.49B1.39B1.35B1.22B
Property, Plant & Equipment72.96M74.44M78.52M113.28M108.02M148.26M170.29M179.67M171.5M
Fixed Asset Turnover3.16x-0.01x4.71x3.96x3.64x3.71x4.35x4.55x5.13x
Goodwill7.55M294.41M564.72M584.15M586.43M838.87M833.48M835.84M735.62M
Intangible Assets19.44M203.75M514.54M434.44M342.14M487.3M377.42M301.02M232.3M
Long-Term Investments0402.74M-14.7M000000
Other Non-Current Assets-99.53M-572.61M1.85M3.11M2.7M14.56M12.48M33.92M81.08M
Total Assets+418.23K403.7M1.34B1.41B1.37B1.84B1.76B1.79B1.61B
Asset Turnover551.73x-0.00x0.28x0.32x0.29x0.30x0.42x0.46x0.54x
Asset Growth %-964.26%2.33%0.05%-0.03%0.34%-0.04%0.02%-0.1%
Total Current Liabilities+434.19K198.12K68.74M104.88M64.04M175.19M186.81M214.77M199.74M
Accounts Payable020.16M45.19M50.83M34.51M67.56M79.87M78.75M91.22M
Days Payables Outstanding-142.641.79K127.83375.55701.59616.82661.331.75K
Short-Term Debt150K3.25M9.1B28.78M9.1M36.95M21.93M9.02M0
Deferred Revenue (Current)-1000K-1000K805.2K691K749K1000K1000K1000K1000K
Other Current Liabilities0-23.28M-9.09B005.11M14.56M52.39M15.81M
Current Ratio0.96x4.85x2.69x2.60x5.12x1.99x1.94x2.05x1.97x
Quick Ratio0.96x4.85x2.66x2.60x5.12x1.92x1.84x1.96x1.89x
Cash Conversion Cycle---1.61K--204.77-447.75-370.38-405.55-1.35K
Total Non-Current Liabilities+87.96M398.5M973.99M992.93M987.71M1.4B1.34B1.15B1.15B
Long-Term Debt0425.44M860.25M837.69M832.94M1.21B1.19B1.03B1.03B
Capital Lease Obligations00030.13M27.99M34.98M33.36M29.12M25.76M
Deferred Tax Liabilities04.48K33.63M25.72M21.15M47.52M21.15M18.36M14.7M
Other Non-Current Liabilities0-26.94M80.11M99.4M105.64M112.59M93.83M77.15M74.96M
Total Liabilities434.19K398.7M1.04B1.1B1.05B1.58B1.53B1.37B1.35B
Total Debt+150K428.69M869.35M899.57M873.21M1.28B1.25B1.07B1.07B
Net Debt146.81K427.86M804.3M768.05M752.95M1.18B1.15B938.08M989.33M
Debt / Equity-85.74x2.88x2.91x2.77x4.94x5.42x2.55x4.02x
Debt / EBITDA0.00x9.54x7.50x4.32x5.66x5.62x4.11x3.56x4.35x
Net Debt / EBITDA0.00x9.52x6.94x3.69x4.88x5.17x3.76x3.11x4.04x
Interest Coverage17.70x-0.26x0.18x1.59x0.93x2.49x2.37x2.18x1.84x
Total Equity+-15.96K5M302.06M309.61M315.57M259.96M231.07M421.47M265.13M
Equity Growth %-314.3%59.41%0.03%0.02%-0.18%-0.11%0.82%-0.37%
Book Value per Share-0.000.103.461.931.951.591.452.631.58
Total Shareholders' Equity-15.96K5M302.06M309.61M315.57M259.96M231.07M421.47M265.13M
Common Stock25K1.16K15.61K16K16K16K15K17K16K
Retained Earnings-40.96K1.38M-113.31M-89.58M-94.85M-81.42M-98.08M-125.89M-269.29M
Treasury Stock-24.5M00000000
Accumulated OCI-103.37M0-5.82M-2.58M211K-5.09M-12.87M-10.18M-17.56M
Minority Interest000000000

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+43.84M2.43M46.02M133.8M46.91M193.17M218.34M206.1M223.64M
Operating CF Margin %0.19%-3.11%0.12%0.3%0.12%0.35%0.29%0.25%0.25%
Operating CF Growth %--0.94%17.95%1.91%-0.65%3.12%0.13%-0.06%0.09%
Net Income29M1.42M-58.39M17.08M-4.58M41.45M92.47M57.02M31.45M
Depreciation & Amortization33.81M45.73M103.35M122.21M122.01M116.75M138.68M113.07M108.53M
Stock-Based Compensation-618.91K14M2.27M10.01M12.59M13.78M16.66M17.48M22.96M
Deferred Taxes-3.2M4.48K-24.43M00-11.66M-18.07M-30.11M-10.01M
Other Non-Cash Items10.03M-14M43.32M12.79M1.97M28M4.55M46.55M118.56M
Working Capital Changes-25.17M1M-20.09M-28.29M-85.08M4.84M-15.96M2.11M-47.84M
Change in Receivables-17.41M-9.46M-23.72M-19.09M-84.63M7.19M-17.68M-48.71M-34.65M
Change in Inventory00-7.12B002.8M-10.31M1.15M1.92M
Change in Payables017.57M7.13B0006.51M50.51M-16.43M
Cash from Investing+-35.05M-402.74M-562.86M-54.97M-24.15M-475.97M-48.59M-58.29M-69.72M
Capital Expenditures-14.83M-24.83M-26.58M-29.68M-24.26M-25M-48.19M-56.98M-70.86M
CapEx % of Revenue0.06%-31.82%0.07%0.07%0.06%0.05%0.06%0.07%0.08%
Acquisitions---------
Investments---------
Other Investing1.01M-400M418.24K231K107K265K241K-1.3M1.14M
Cash from Financing+-7.04M401.13M574.27M-14.52M-34M268.72M-164.93M-117.79M-211.43M
Debt Issued (Net)---------
Equity Issued (Net)---------
Dividends Paid-47.11M0-779.27M000000
Share Repurchases---------
Other Financing-332.5K1.28M0-426K-1.08M-17.25M682K163.73M-2.43M
Net Change in Cash---------
Free Cash Flow+29.02M-22.4M19.44M104.12M22.65M168.17M170.15M148.62M152.79M
FCF Margin %0.13%28.7%0.05%0.23%0.06%0.31%0.23%0.18%0.17%
FCF Growth %--1.77%1.87%4.36%-0.78%6.43%0.01%-0.13%0.03%
FCF per Share0.73-0.470.220.650.141.031.070.930.91
FCF Conversion (FCF/Net Income)1.51x1.71x-0.79x7.84x-10.25x4.66x2.36x3.61x7.11x
Interest Paid2.11M060.44M55.2M35.82M35.79M63.66M86.11M76.2M
Taxes Paid27.01M0762K0035.77M47.62M54M50.2M

Key Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)-57.16%-38.04%5.58%-1.46%14.4%37.67%17.47%9.16%
Return on Invested Capital (ROIC)27449.74%-0.27%1.23%6.62%2.64%6.68%8.76%10.35%7.81%
Gross Margin58.44%6710.97%97.51%67.66%91.48%93.62%93.63%94.68%97.84%
Net Margin12.57%-182.56%-15.78%3.81%-1.16%7.53%12.47%6.98%3.58%
Debt / Equity-85.74x2.88x2.91x2.77x4.94x5.42x2.55x4.02x
Interest Coverage17.70x-0.26x0.18x1.59x0.93x2.49x2.37x2.18x1.84x
FCF Conversion1.51x1.71x-0.79x7.84x-10.25x4.66x2.36x3.61x7.11x
Revenue Growth--100.34%47537.55%21.23%-12.29%39.89%34.69%10.21%7.57%

Revenue by Segment

2018201920202021202220232024
Service365.08M416.72M336.27M492.85M695.22M783.6M841.68M
Service Growth-14.15%-19.31%46.56%41.06%12.71%7.41%
Product5.07M32.01M57.32M57.74M46.38M33.72M37.53M
Product Growth-531.47%79.04%0.74%-19.68%-27.31%11.32%

Revenue by Geography

2018201920202021202220232024
AUSTRALIA---13.9M34.36M45.88M58.03M
AUSTRALIA Growth----147.17%33.54%26.48%
CANADA---6.9M32.41M30.83M33.19M
CANADA Growth----369.75%-4.90%7.68%
UNITED KINGDOM---16.3M24.02M23.79M20.48M
UNITED KINGDOM Growth----47.34%-0.93%-13.91%
Other Customer----3.53M3.07M4.32M
Other Customer Growth------13.05%40.61%

Frequently Asked Questions

Valuation & Price

Verra Mobility Corporation (VRRM) has a price-to-earnings (P/E) ratio of 120.4x. This suggests investors expect higher future growth.

Growth & Financials

Verra Mobility Corporation (VRRM) reported $942.7M in revenue for fiscal year 2024. This represents a 309% increase from $230.7M in 2016.

Verra Mobility Corporation (VRRM) grew revenue by 7.6% over the past year. This is steady growth.

Yes, Verra Mobility Corporation (VRRM) is profitable, generating $51.1M in net income for fiscal year 2024 (3.6% net margin).

Dividend & Returns

Verra Mobility Corporation (VRRM) has a return on equity (ROE) of 9.2%. This is below average, suggesting room for improvement.

Verra Mobility Corporation (VRRM) generated $152.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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