Par Pacific Holdings Inc (PARR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 741,719 | 1,274,020 | 846,002 | 277,374 | 87,137 |
| Revenue | US$ in thousands | 7,974,460 | 8,231,960 | 7,321,780 | 4,710,090 | 3,124,870 |
| Gross profit margin | 9.30% | 15.48% | 11.55% | 5.89% | 2.79% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $741,719K ÷ $7,974,460K
= 9.30%
The gross profit margin of Par Pacific Holdings Inc has shown a fluctuating trend over the past five years. In December 2020, the gross profit margin was at a low of 2.79%, indicating that only a small percentage of revenue was left after accounting for the cost of goods sold.
However, the company experienced a notable improvement in its gross profit margin by December 2023, where it reached 15.48%. This suggests that the company became more efficient in managing its production costs and generating higher margins on its products during that period.
Despite the substantial increase in 2023, the gross profit margin dropped to 9.30% by December 2024, indicating a decrease in profitability compared to the previous year. It would be worth investigating the factors contributing to this decline in margin to understand the company's performance better.
Overall, while there have been fluctuations in Par Pacific Holdings Inc's gross profit margin over the years, the general trend shows an improvement in profitability up to 2023, followed by a slight decline in 2024. Evaluating the reasons behind these fluctuations can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024