Par Pacific Holdings Inc (PARR)

Operating 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
Operating income (ttm)	US$ in thousands	30,735	128,886	289,328	300,184	555,900	605,507	692,805	820,401	437,903	360,855	174,477	-84,053	-7,619	-145,502	-240,545	-181,487	-317,998	-144,335	-128,680	-54,616
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
Operating profit margin		0.39%	1.55%	3.30%	3.52%	6.75%	7.71%	9.45%	10.71%	5.98%	5.30%	2.88%	-1.63%	-0.16%	-3.52%	-6.85%	-6.46%	-10.18%	-3.79%	-2.85%	-1.01%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $30,735K ÷ $7,974,460K
= 0.39%

The operating profit margin of Par Pacific Holdings Inc has shown a fluctuating trend over the reported periods. Initially, the company experienced negative operating profit margins, indicating that its operating expenses exceeded its revenues. However, there was a significant improvement in the operating profit margin from June 30, 2022, onwards, where the company started to achieve positive margins.

The operating profit margin continued to increase steadily until March 31, 2023, reaching a relatively high point of 10.71%. This substantial improvement suggests the company effectively managed its operating expenses while increasing revenues during this period.

Subsequently, there was a slight decline in the operating profit margin from June 30, 2023, to December 31, 2024, but the company maintained positive margins throughout. The margins stayed relatively stable around 3% to 6% during these later periods, indicating a reasonable level of operational efficiency and profitability.

Overall, the trend in Par Pacific Holdings Inc's operating profit margin reflects efforts to enhance operational efficiency and control costs, resulting in a positive margin by the end of the reporting period.