HF Sinclair Corp (DINO)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 177,000 | 1,589,670 | 2,922,670 | 558,324 | -514,899 |
| Revenue | US$ in thousands | 28,580,000 | 31,964,400 | 38,204,800 | 18,389,100 | 11,183,600 |
| Net profit margin | 0.62% | 4.97% | 7.65% | 3.04% | -4.60% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $177,000K ÷ $28,580,000K
= 0.62%
HF Sinclair Corp's net profit margin has shown fluctuation over the past five years. In December 2020, the company experienced a negative net profit margin of -4.60%, indicating that its expenses exceeded its revenue during that period. However, the company managed to improve its performance in the following years, with the net profit margin increasing to 3.04% in December 2021, 7.65% in December 2022, and 4.97% in December 2023.
Despite these improvements, the net profit margin declined to 0.62% by December 2024. This decrease suggests that the company's profitability relative to its revenue diminished in that year. It is essential for HF Sinclair Corp to carefully analyze the factors contributing to this decline and consider strategies to enhance its profitability in the future.