PBF Energy Inc (PBF)

Return on equity (ROE)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 2,140,500 2,876,800 231,000 -1,392,400 319,400
Total stockholders’ equity US$ in thousands 6,488,300 4,929,200 1,926,200 1,642,800 3,039,600
ROE 32.99% 58.36% 11.99% -84.76% 10.51%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $2,140,500K ÷ $6,488,300K
= 32.99%

PBF Energy Inc's return on equity (ROE) has shown significant fluctuations over the past five years. In 2023, the ROE stood at 32.99%, a decrease from the previous year's 58.36%. This decline suggests a decrease in the company's profitability in generating returns for its shareholders compared to the prior year.

The ROE in 2021 was 11.99%, indicating a moderate level of profitability. Prior to that, in 2020, the company experienced a negative ROE of -84.76%, reflecting a significant loss in shareholder value that year.

In 2019, PBF Energy Inc's ROE was 10.49%, indicating a modest level of profitability before the significant downturn in 2020. Overall, the fluctuating ROE figures suggest a degree of volatility in the company's financial performance and ability to generate returns for its shareholders over the analyzed period.


Peer comparison

Dec 31, 2023