Par Pacific Holdings Inc (PARR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -33,322 | 728,642 | 364,189 | -81,297 | -409,086 |
| Revenue | US$ in thousands | 7,974,460 | 8,231,960 | 7,321,780 | 4,710,090 | 3,124,870 |
| Net profit margin | -0.42% | 8.85% | 4.97% | -1.73% | -13.09% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-33,322K ÷ $7,974,460K
= -0.42%
Based on the data provided for Par Pacific Holdings Inc's net profit margin over the years, here is a detailed analysis:
- In December 2020, the net profit margin was -13.09%, indicating that the company had a negative profitability, with expenses exceeding revenue.
- By December 2021, there was an improvement in the net profit margin, but it still remained negative at -1.73%. This suggests that the company was able to reduce its losses compared to the previous year.
- The trend continued to improve in December 2022, with the net profit margin turning positive at 4.97%. This indicates that the company started generating profit after covering all its expenses.
- In December 2023, the net profit margin further increased to 8.85%, showcasing a notable growth in profitability. This could be a result of effective cost management or revenue growth strategies.
- However, by December 2024, the net profit margin dropped to -0.42%, showing a decrease in profitability compared to the previous year. This decline may be attributed to various factors such as increased expenses or a dip in revenue.
Overall, the trend in Par Pacific Holdings Inc's net profit margin shows fluctuations, with periods of both negative and positive profitability. It is important for the company to consistently monitor its financial performance and implement strategies to sustain and improve its profitability over time.
Peer comparison
Dec 31, 2024