PBF Logistics LP (PBF Logistics LP) Gross Margin % : 89.97% (As of Sep. 2022)

View and export this data going back to 2014. Start your Free Trial

What is PBF Logistics LP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. PBF Logistics LP's Gross Profit for the three months ended in Sep. 2022 was $80.6 Mil. PBF Logistics LP's Revenue for the three months ended in Sep. 2022 was $89.6 Mil. Therefore, PBF Logistics LP's Gross Margin % for the quarter that ended in Sep. 2022 was 89.97%.

The historical rank and industry rank for PBF Logistics LP's Gross Margin % or its related term are showing as below:

PBFX' s Gross Margin % Range Over the Past 10 Years
Min: 63.93 Med: 89.48 Max: 94.59
Current: 89.79

During the past 10 years, the highest Gross Margin % of PBF Logistics LP was 94.59%. The lowest was 63.93%. And the median was 89.48%.

PBFX's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 27.82 vs PBFX: 89.79

PBF Logistics LP had a gross margin of 89.97% for the quarter that ended in Sep. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for PBF Logistics LP was -0.90% per year.

PBF Logistics LP Gross Margin % Historical Data

The historical data trend for PBF Logistics LP's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PBF Logistics LP Gross Margin % Chart

PBF Logistics LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Gross Margin %

Get a 7-Day Free Trial

90.53

89.48

88.65

85.09

89.37

PBF Logistics LP Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Gross Margin %	Get a 7-Day Free Trial															88.99	89.55	89.40	90.20	89.97

Competitive Comparison of PBF Logistics LP's Gross Margin %

For the Oil & Gas Midstream subindustry, PBF Logistics LP's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PBF Logistics LP's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PBF Logistics LP's Gross Margin % distribution charts can be found below:

* The bar in red indicates where PBF Logistics LP's Gross Margin % falls into.

PBF Logistics LP Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

PBF Logistics LP's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )	=	Gross Profit (A: Dec. 2021 )	/	Revenue (A: Dec. 2021 )
	=	317.7	/	355.535
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(355.535 - 37.805)	/	355.535
	=	89.37 %

PBF Logistics LP's Gross Margin for the quarter that ended in Sep. 2022 is calculated as

Gross Margin % (Q: Sep. 2022 )	=	Gross Profit (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	80.6	/	89.572
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(89.572 - 8.981)	/	89.572
	=	89.97 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

PBF Logistics LP (NYSE:PBFX) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

PBF Logistics LP had a gross margin of 89.97% for the quarter that ended in Sep. 2022 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

PBF Logistics LP Gross Margin % Related Terms

Thank you for viewing the detailed overview of PBF Logistics LP's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

PBF Logistics LP (PBF Logistics LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PBF Logistics LP (NYSE:PBFX) » Definitions » Gross Margin %

Comparable Companies

DHT NVGS GLP INSW BROG PBT TNK LPG RTLR HESM TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054

Website

https://www.pbflogistics.com

PBF Logistics LP is a limited partnership which owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The company operates through two business segments namely Transportation and terminaling segment and Storage segment. The Transportation and terminaling segment which derives majority revenue consists of CR Rail Terminal, DCR West Rack, Toledo Truck Terminal and others. The Storage segment covers Toledo storage facility which consists of tanks for storing crude oil, refined products, and intermediates.

Executives

Trecia M Canty	officer: SVP & General Counsel	1 SYLVAN WAY, 2ND FLOOR, C/O PBF ENERGY INC., PARSIPPANY NJ 07054
Tai Wendy Ho	officer: Senior Vice President, HR	ONE SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Pbf Energy Inc.	director, 10 percent owner	1 SYLVAN WAY, PARSIPPANY NJ 07054
David Roush	director	1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Bruce A. Jones	director	1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Lawrence Michael Ziemba	director	600 NORTH DAIRY ASHFORD, HOUSTON TX 77079
John C Barone	officer: Principal Accounting Officer	1 SYLVAN WAY, SECOND FLOOR, C/O PBF ENERGY INC., PARSIPPANY NJ 07054
Control Empresarial De Capitales S.a. De C.v.	10 percent owner, other: Add'l Rep Persons-see Ex. 99.1	INSURGENTES SUR #3500, PB, COL. PENA POBRE, DELEGACION TLALPAN, CP, MEXICO D.F. O5 14060
Karen Berriman Davis	officer: Chief Accounting Officer	123 WEST MILLS AVENUE, SUITE 200, EL PASO TX 79901
Malley Todd O	officer: President	ONE SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
O Connor Thomas L	officer: Senior Vice President	ONE SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Matthew C. Lucey	director, officer: Executive Vice President	C/O PBF ENERGY INC., ONE SYLVAN WAY, PARSIPPANY NJ 07054
Thomas J. Nimbley	director, officer: Chief Executive Officer	C/O PBF ENERGY INC., ONE SYLVAN WAY, PARSIPPANY NJ 07054
Jeffrey Dill	officer: SVP, General Counsel	PBF ENERGY INC., 1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Michael D. Gayda	director, officer: President	PBF ENERGY INC., 1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054