HF Sinclair Corp (DINO)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,031,281 | 2,907,716 | 3,138,036 | 4,089,210 | 3,817,547 |
| Revenue (ttm) | US$ in thousands | 31,780,330 | 32,993,160 | 34,745,460 | 38,104,440 | 38,041,410 |
| Pretax margin | 6.39% | 8.81% | 9.03% | 10.73% | 10.04% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,031,281K ÷ $31,780,330K
= 6.39%
The pretax margin of HF Sinclair Corp. has displayed some fluctuations over the past eight quarters. The pretax margin ranged from a low of 3.76% in Q1 2022 to a high of 11.00% in Q1 2023. It is notable that Q1 2023 had the highest pretax margin of the period, indicating improved profitability for the company during that quarter. However, it is important to note the downward trend in pretax margin from Q1 to Q4 2023, dropping from 11.00% to 6.73%. This could indicate potential challenges in maintaining profitability levels throughout the year. Further analysis is required to understand the factors contributing to these fluctuations and to assess the overall financial health and performance of HF Sinclair Corp.