Par Pacific Holdings Inc (PARR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	728,642	364,189	-81,297	-409,086	40,809
Revenue	US$ in thousands	8,174,410	7,264,530	4,643,600	3,054,650	5,326,680
Net profit margin		8.91%	5.01%	-1.75%	-13.39%	0.77%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $728,642K ÷ $8,174,410K
= 8.91%

The net profit margin of Par Pacific Holdings Inc has shown a fluctuating trend over the past five years. From a negative margin of -13.09% in 2020, the company improved significantly to achieve a positive net profit margin of 8.85% in 2023. This indicates an impressive turnaround in profitability. The margins in 2021 and 2019 were negative and relatively low at -1.73% and 0.76% respectively. The notable increase in the net profit margin in 2023 suggests enhanced efficiency in managing costs or boosting revenue, leading to a healthier bottom line for the company.