CVR Energy Inc (CVI)
Pretax margin
| Dec 31, 2024 | Sep 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 99,000 | 519,000 | 823,000 | 975,000 | 1,025,000 | 688,000 | 745,000 | 622,000 | 438,000 | 469,000 | 226,000 | 17,000 | -52,000 | -310,000 | -308,000 | -350,000 | -197,000 | 83,000 | 250,000 | 509,000 |
| Revenue (ttm) | US$ in thousands | 7,845,000 | 8,420,000 | 8,823,000 | 9,246,000 | 9,724,000 | 9,901,000 | 10,809,000 | 10,896,000 | 10,329,000 | 9,513,000 | 8,152,000 | 7,242,000 | 6,248,000 | 5,370,000 | 4,262,000 | 3,929,000 | 4,379,000 | 4,996,000 | 6,008,000 | 6,364,000 |
| Pretax margin | 1.26% | 6.16% | 9.33% | 10.55% | 10.54% | 6.95% | 6.89% | 5.71% | 4.24% | 4.93% | 2.77% | 0.23% | -0.83% | -5.77% | -7.23% | -8.91% | -4.50% | 1.66% | 4.16% | 8.00% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $99,000K ÷ $7,845,000K
= 1.26%
The pretax margin of CVR Energy Inc has shown fluctuating trends over the given timeframe, starting at 8.00% on December 31, 2019. It gradually declined to negative figures by September 30, 2020, indicating a period of financial difficulty. However, the company managed to improve its pretax margin gradually from thereon, reaching positive territory by March 31, 2021.
Subsequently, the pretax margin continued to recover, showing positive percentages up to December 31, 2023, reaching a peak of 10.55%. The company maintained relatively strong pretax margins during this period. However, a slight decline was observed by March 31, 2024, before improving again by September 30, 2024.
Overall, the pretax margin of CVR Energy Inc experienced both challenging and resilient periods, with notable improvements in profitability over the years, indicating the company's ability to navigate through financial challenges and enhance its operational efficiency.
Peer comparison
Dec 31, 2024