PBF Energy Inc (PBF)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	2,140,500	2,826,700	3,096,700	3,280,000	2,876,800	2,404,300	1,407,000	251,200	231,000	-232,700	-709,000	-367,800	-1,392,400	-1,041,000	-554,300	-975,600	319,500	-87,300	22,800	327,100
Revenue (ttm)	US$ in thousands	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	24,508,200	24,531,380	25,714,640	26,599,520
Net profit margin		5.60%	7.08%	7.39%	7.02%	6.18%	5.48%	3.66%	0.80%	0.85%	-1.04%	-3.76%	-2.46%	-9.09%	-5.79%	-2.66%	-3.98%	1.30%	-0.36%	0.09%	1.23%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,140,500K ÷ $38,256,600K
= 5.60%

The net profit margin of PBF Energy Inc has shown fluctuating trends over the past eight quarters. In Q4 2023, the net profit margin was 5.59%, representing a slight decrease from the previous quarter's 7.06%. Despite this drop, the margin remained above 5% for the third consecutive quarter, indicating a reasonable level of profitability. Comparing Q4 2023 to the same period in the prior year (Q4 2022), there was an improvement as the net profit margin increased from 6.14% to 5.59%.

Looking at the broader trend, the company has displayed a generally positive performance in terms of net profit margins over the past year. The most significant improvement was seen from Q1 2022 to Q2 2022, where the net profit margin surged from 0.80% to 3.64%, indicating a substantial increase in profitability within just one quarter. From that point on, the margins continued to improve consistently until Q3 2023, peaking at 7.06%, before experiencing a slight dip in the most recent quarter.

Overall, the net profit margin data suggests that PBF Energy Inc has made notable progress in enhancing its profitability over the past year, with some fluctuations in the short term. Further analysis and context would be needed to fully understand the factors driving these changes in net profit margin.