Par Pacific Holdings Inc (PARR)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -39,018 | 613,306 | 364,899 | -80,276 | -429,806 |
| Revenue | US$ in thousands | 7,974,460 | 8,231,960 | 7,321,780 | 4,710,090 | 3,124,870 |
| Pretax margin | -0.49% | 7.45% | 4.98% | -1.70% | -13.75% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-39,018K ÷ $7,974,460K
= -0.49%
Based on the data provided, Par Pacific Holdings Inc's pretax margin has shown fluctuations over the years. The pretax margin was negative in December 2020 and December 2024, indicating that the company's expenses exceeded its revenue before taxes during these periods.
However, there has been an improvement in the pretax margin over the subsequent years. In December 2021, the pretax margin improved slightly but remained negative. By December 2022, the pretax margin turned positive at 4.98%, indicating that the company generated a profit before tax.
The trend continued to improve in December 2023, with the pretax margin further increasing to 7.45%, reflecting a healthier financial performance. Nonetheless, the pretax margin declined again in December 2024 to -0.49%, signaling a decrease in profitability compared to the previous year.
Overall, the trend in Par Pacific Holdings Inc's pretax margin suggests fluctuations in the company's financial performance over the years, with efforts needed to sustain and improve profitability in the future.
Peer comparison
Dec 31, 2024