PBF Energy Inc (PBF)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,864,300 | 3,461,600 | 243,100 | -1,390,300 | 423,700 |
| Revenue | US$ in thousands | 38,256,600 | 46,517,300 | 27,018,800 | 15,313,300 | 24,508,200 |
| Pretax margin | 7.49% | 7.44% | 0.90% | -9.08% | 1.73% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,864,300K ÷ $38,256,600K
= 7.49%
PBF Energy Inc's pretax margin has fluctuated over the past five years, with a positive trend in recent years. The company's pretax margin was 7.53% in 2023, slightly lower than the 7.60% recorded in 2022. This indicates that PBF Energy was able to maintain a relatively stable level of profitability before taxes in these years.
In contrast, the pretax margin was significantly lower at 1.20% in 2021, showing a weaker financial performance during that period. The company experienced a negative pretax margin of -8.81% in 2020, indicating a substantial loss before taxes that year. However, there was a positive turnaround in 2019, with a pretax margin of 1.96%, indicating a return to profitability.
Overall, PBF Energy Inc's recent performance shows improvements in its pretax margin, but the company should continue to monitor and enhance its operational efficiency and cost management to sustain its profitability in the future.
Peer comparison
Dec 31, 2023