PBF Energy Inc (PBF)
Net profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 2,140,500 | 2,876,800 | 231,000 | -1,392,400 | 319,400 |
Revenue | US$ in thousands | 38,256,600 | 46,517,300 | 27,018,800 | 15,313,300 | 24,508,200 |
Net profit margin | 5.60% | 6.18% | 0.85% | -9.09% | 1.30% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,140,500K ÷ $38,256,600K
= 5.60%
The net profit margin of PBF Energy Inc has fluctuated over the past five years. In 2023, the net profit margin stood at 5.59%, showing a slight decrease from the previous year's margin of 6.14%. However, it is significantly higher compared to the margins recorded in 2021 and 2019, which were 0.85% and 1.30% respectively. Notably, in 2020, the company experienced a negative net profit margin of -9.21%, indicating a loss for that year. Overall, the fluctuation in net profit margin over the years suggests varying levels of profitability and operational efficiency for PBF Energy Inc.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
PBF Energy Inc
PBF
5.60%
Chevron Corp
CVX
10.63%
ConocoPhillips
COP
19.52%
CVR Energy Inc
CVI
8.32%
Exxon Mobil Corp
XOM
10.45%
Hess Corporation
HES
13.15%
Marathon Petroleum Corp
MPC
6.54%
Phillips 66
PSX
4.79%
Valero Energy Corporation
VLO
6.13%