HF Sinclair Corp (DINO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,209,000 | 5,138,950 | 6,815,630 | 2,628,670 | 1,425,430 |
| Revenue | US$ in thousands | 28,580,000 | 31,964,400 | 38,204,800 | 18,389,100 | 11,183,600 |
| Gross profit margin | 11.23% | 16.08% | 17.84% | 14.29% | 12.75% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,209,000K ÷ $28,580,000K
= 11.23%
Based on the provided data, HF Sinclair Corp's gross profit margin has shown fluctuations over the past five years. The gross profit margin was 12.75% as of December 31, 2020, then increased to 14.29% by December 31, 2021. Subsequently, there was a notable improvement to 17.84% by December 31, 2022, indicating more efficient cost management or potential price adjustments. However, by the end of December 31, 2023, the gross profit margin slightly decreased to 16.08%, potentially due to changing market conditions or operational challenges. Finally, there was a decline in the gross profit margin to 11.23% by December 31, 2024, which may require further investigation to determine the underlying causes and assess its impact on the company's overall financial performance.