PBF Energy Inc (PBF)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	-369,600	2,330,400	4,365,600	652,600	-1,432,300
Revenue	US$ in thousands	33,117,900	38,256,600	46,517,300	27,018,800	15,313,300
Gross profit margin		-1.12%	6.09%	9.38%	2.42%	-9.35%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $-369,600K ÷ $33,117,900K
= -1.12%

Based on the data provided, PBF Energy Inc's gross profit margin has shown fluctuations over the past five years. In 2020, the company experienced a negative gross profit margin of -9.35%, indicating that its cost of goods sold exceeded its revenues from sales. However, there was a significant improvement in 2021 with a gross profit margin of 2.42%, suggesting that the company was able to better manage its costs and increase its profitability.

The trend continued positively in 2022, as the gross profit margin further improved to 9.38%, reflecting a more efficient operation and potentially higher revenues relative to the cost of goods sold. In 2023, the gross profit margin slightly decreased to 6.09%, which may indicate some challenges in maintaining the level of profitability achieved in the previous year.

The most recent data for 2024 shows a decline in the gross profit margin to -1.12%, indicating a negative profitability situation where the cost of goods sold exceeded the revenues earned. This decrease raises concerns about the company's ability to effectively manage costs and maintain suitable pricing strategies to generate profits.

Overall, PBF Energy Inc's gross profit margin has displayed fluctuations, implying varying levels of operational efficiency and profitability over the five-year period. The company may need to focus on cost control measures, pricing strategies, and revenue enhancement to ensure sustainable and positive gross profit margins in the future.