CVR Energy Inc (CVI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -19,000 | 976,000 | 620,000 | 17,000 | -351,000 |
| Revenue | US$ in thousands | 7,610,000 | 9,247,000 | 10,896,000 | 7,242,000 | 3,930,000 |
| Pretax margin | -0.25% | 10.55% | 5.69% | 0.23% | -8.93% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-19,000K ÷ $7,610,000K
= -0.25%
Based on the pretax margin data provided for CVR Energy Inc, the company's performance has exhibited fluctuations over the years.
In December 2020, CVR Energy Inc had a negative pretax margin of -8.93%, indicating that the company's expenses exceeded its pre-tax earnings, resulting in a loss before tax.
Subsequently, there was a slight improvement in December 2021, with a pretax margin of 0.23%, signifying a small profit before tax.
The trend continued to show positive growth in December 2022 with a pretax margin of 5.69%, indicating further improvement in the company's profitability.
By December 2023, CVR Energy Inc managed to achieve a pretax margin of 10.55%, reflecting a substantial increase in profitability.
However, there was a slight setback by December 2024, as the pretax margin declined to -0.25%, indicating that the company's expenses once again surpassed its pre-tax earnings, leading to a loss before tax.
Overall, CVR Energy Inc's pretax margin trend showcases a mix of profitability and challenges over the years, with the need for continued monitoring and strategic financial management to sustain and enhance performance.
Peer comparison
Dec 31, 2024