PBF Energy Inc (PBF)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -762,200 | -413,800 | 1,031,200 | 2,490,000 | 2,864,300 | 3,824,200 | 4,030,700 | 3,997,400 | 3,461,600 | 2,716,300 | 1,548,200 | 265,600 | 243,100 | -213,500 | -474,500 | 500 | -1,390,300 | -1,029,400 | -756,300 | -1,326,400 |
| 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 |
| Pretax margin | -2.30% | -1.19% | 2.77% | 6.62% | 7.49% | 9.57% | 9.62% | 8.55% | 7.44% | 6.19% | 4.03% | 0.85% | 0.90% | -0.95% | -2.52% | 0.00% | -9.08% | -5.72% | -3.63% | -5.41% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-762,200K ÷ $33,117,900K
= -2.30%
PBF Energy Inc's pretax margin has exhibited significant fluctuations over the past few years.
The trend started with negative pretax margins in the range of -5% to -9% from March 2020 to December 2020, indicating that the company was struggling to generate profits before accounting for taxes.
However, there was a positive turnaround in the performance with pretax margins improving to 0% in March 2021 and turning positive in June 2021. The pretax margin continued to improve steadily, reaching a peak of 9.62% in June 2023.
Despite reaching a high point in June 2023, the pretax margin declined slightly in the following quarters, settling at 2.77% in June 2024.
However, the last two quarters of 2024 saw a downturn with pretax margins once again falling into negative territory, -1.19% in September 2024 and -2.30% in December 2024, indicating a potential decrease in profitability.
Overall, the trend in PBF Energy Inc's pretax margin indicates a mix of challenges and improvements, highlighting the company's volatile financial performance during the period under review.
Peer comparison
Dec 31, 2024