PBF Energy Inc (PBF)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -762,200 | 2,864,300 | 3,461,600 | 243,100 | -1,390,300 |
| Revenue | US$ in thousands | 33,117,900 | 38,256,600 | 46,517,300 | 27,018,800 | 15,313,300 |
| Pretax margin | -2.30% | 7.49% | 7.44% | 0.90% | -9.08% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-762,200K ÷ $33,117,900K
= -2.30%
PBF Energy Inc has shown fluctuating pretax margins over the period analyzed. In December 2020, the company reported a negative pretax margin of -9.08%, indicating that expenses exceeded revenues before accounting for taxes. However, PBF Energy Inc was able to improve its performance in the following years, with pretax margins of 0.90% in December 2021, 7.44% in December 2022, and 7.49% in December 2023, reflecting more efficient cost management and potentially increased revenue generation.
Despite these positive trends, the company experienced a decline in pretax margin to -2.30% in December 2024, highlighting potential challenges or setbacks impacting profitability. Overall, while PBF Energy Inc has shown improvements in its pretax margin in recent years, the negative margin in 2020 and the decline in 2024 underscore the need for continued monitoring and strategic decision-making to sustain and enhance financial performance.
Peer comparison
Dec 31, 2024