PBF Energy Inc (PBF)

Gross 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
Gross profit (ttm)	US$ in thousands	-369,600	-38,200	1,470,700	1,978,300	2,330,400	3,194,100	3,445,400	4,806,600	4,365,600	3,752,600	2,448,800	712,200	652,600	81,300	-450,900	32,000	-1,432,300	5,114,400	5,718,500	5,180,600
Revenue (ttm)	US$ in thousands	33,117,900	34,844,200	37,188,300	37,613,300	38,256,600	39,942,800	41,879,800	46,732,000	46,517,300	43,892,800	38,415,600	31,236,900	27,018,800	22,417,400	18,848,000	14,952,300	15,313,300	17,992,600	20,860,300	24,498,100
Gross profit margin		-1.12%	-0.11%	3.95%	5.26%	6.09%	8.00%	8.23%	10.29%	9.38%	8.55%	6.37%	2.28%	2.42%	0.36%	-2.39%	0.21%	-9.35%	28.43%	27.41%	21.15%

December 31, 2024 calculation

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

PBF Energy Inc's gross profit margin has shown fluctuations over the past five years. From March 31, 2020, to June 30, 2022, the company experienced a general improvement in its gross profit margin, reaching a peak of 9.38% on December 31, 2022. However, there was a slight decline in the margin during the first half of 2023. This trend reversed from March 31, 2023, to June 30, 2024, with the gross profit margin gradually decreasing towards negative territory.

The data indicates that PBF Energy Inc faced challenges in maintaining a strong gross profit margin in the latter half of 2024, as reflected by negative margins on September 30, 2024, and December 31, 2024. It is essential for the company to closely monitor its operating costs and revenue generation strategies to ensure sustainable profitability in the coming periods.