PBF Energy Inc (PBF)

Net 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
Net income (ttm)	US$ in thousands	-533,800	-292,900	779,400	1,865,000	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
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
Net profit margin		-1.61%	-0.84%	2.10%	4.96%	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%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-533,800K ÷ $33,117,900K
= -1.61%

The net profit margin of PBF Energy Inc has shown variability over the past few years. The company experienced negative net profit margins in the range of -9.09% to -1.04% from December 2020 to September 2021.

However, there has been a noticeable improvement in profitability from March 2022 onwards, with the net profit margin increasing to 6.18% by December 2022. This positive trend continued through the next few quarters, reaching a peak of 7.39% in June 2023.

Subsequently, there was a slight decline in profitability, with the net profit margin ranging between 4.96% to -1.61% from March 2024 to December 2024. Despite the recent fluctuations, it is evident that PBF Energy Inc has made significant progress in enhancing its profitability in the latter part of the period under review.