Par Pacific Holdings Inc (PARR)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	463,956	421,410	552,289	674,449	998,837	1,131,726	1,150,648	1,241,567	846,002	752,052	551,846	276,701	277,374	142,726	36,269	91,485	87,137	259,211	290,996	374,749
Revenue (ttm)	US$ in thousands	7,974,460	8,325,750	8,761,130	8,527,590	8,231,960	7,857,330	7,334,300	7,656,700	7,321,780	6,806,420	6,060,510	5,171,700	4,710,090	4,132,075	3,511,686	2,809,467	3,124,867	3,808,492	4,520,151	5,414,260
Gross profit margin		5.82%	5.06%	6.30%	7.91%	12.13%	14.40%	15.69%	16.22%	11.55%	11.05%	9.11%	5.35%	5.89%	3.45%	1.03%	3.26%	2.79%	6.81%	6.44%	6.92%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $463,956K ÷ $7,974,460K
= 5.82%

The gross profit margin of Par Pacific Holdings Inc has displayed fluctuations over the given period. Starting at 6.92% in March 2020, the margin decreased to 2.79% by December 2020, indicating a significant decline in profitability. Subsequently, there was a gradual recovery in the gross profit margin, reaching 11.55% by December 2022. This upward trend continued into 2023, with the margin peaking at 16.22% in March 2023, signifying improved operational efficiency and better cost management.

However, the gross profit margin started to decline from the peak in 2023, falling to 5.06% by September 2024. This decrease may suggest challenges in maintaining profitability amid changing market conditions or cost pressures impacting the company's bottom line. Despite the fluctuations observed, it is essential for Par Pacific Holdings Inc to closely monitor and manage its cost structure and revenue generation to sustain and enhance its gross profit margin in the future.