Par Pacific Holdings Inc (PARR)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-39,018	200,116	362,185	368,821	613,306	530,732	622,181	740,490	364,899	288,140	103,064	-155,537	-80,276	-219,973	-316,524	-251,449	-429,806	-263,271	-335,427	-265,787
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
Pretax margin		-0.49%	2.40%	4.13%	4.33%	7.45%	6.75%	8.48%	9.67%	4.98%	4.23%	1.70%	-3.01%	-1.70%	-5.32%	-9.01%	-8.95%	-13.75%	-6.91%	-7.42%	-4.91%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-39,018K ÷ $7,974,460K
= -0.49%

The pretax margin of Par Pacific Holdings Inc has shown a fluctuating trend over the specified periods. Starting with negative margins in early 2020 and reaching a low point of -13.75% by the end of December 2020, there was a gradual improvement observed throughout 2021 and 2022. By the second quarter of 2022, the company achieved a positive pretax margin of 1.70%, which further increased to 9.67% by March 2023, reflecting a significant turnaround.

However, the pretax margin weakened slightly in the following quarters of 2023 and 2024, hovering around the range of 4% to 7.45%. By the end of December 2024, the pretax margin turned negative at -0.49%.

Overall, the company experienced a period of volatility in its pretax margins, with initial struggles followed by a commendable recovery and subsequent fluctuations. It is important for stakeholders to monitor this metric closely to assess the company's profitability and financial performance accurately.