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.