Par Pacific Holdings Inc (PARR)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 680,006 437,903 -7,619 -317,998 147,980
Revenue US$ in thousands 8,174,410 7,264,530 4,643,600 3,054,650 5,326,680
Operating profit margin 8.32% 6.03% -0.16% -10.41% 2.78%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $680,006K ÷ $8,174,410K
= 8.32%

The operating profit margin of Par Pacific Holdings Inc has shown a positive trend over the past five years. Starting from a low of -8.91% in 2020, the company managed to improve its operating profit margin to -1.49% in 2021. Subsequently, significant progress was made as the margin turned positive, reaching 6.03% in 2022 and further improved to 8.77% in 2023. This demonstrates a consistent effort by the company to enhance operational efficiency and profitability. A sustained improvement in operating profit margin reflects positively on the company's ability to generate profits from its core business activities.


Peer comparison

Dec 31, 2023