HF Sinclair Corp (DINO)
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 | 218,000 | 2,152,510 | 3,936,050 | 787,152 | -747,046 |
| Revenue | US$ in thousands | 28,580,000 | 31,964,400 | 38,204,800 | 18,389,100 | 11,183,600 |
| Pretax margin | 0.76% | 6.73% | 10.30% | 4.28% | -6.68% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $218,000K ÷ $28,580,000K
= 0.76%
HF Sinclair Corp's pretax margin has shown fluctuating trends over the past five years. In December 2020, the company reported a negative pretax margin of -6.68%, indicating that its expenses exceeded its revenues before accounting for taxes. However, there was a significant improvement in December 2021, with the pretax margin increasing to 4.28%, suggesting the company's operational efficiency improved.
The positive trend continued into December 2022, where HF Sinclair Corp achieved a pretax margin of 10.30%, indicating strong profitability relative to its revenues. However, there was a slight decline in performance in December 2023, with the pretax margin decreasing to 6.73%. This could be attributed to various factors such as increased expenses or changes in revenue streams.
By the end of December 2024, HF Sinclair Corp's pretax margin further decreased to 0.76%, indicating a significant decline in profitability compared to the previous year. It is essential for the company to closely monitor its expenses and revenue generation to ensure sustainable profitability in the future.