Ecopetrol S.A. Sponsored ADR (EC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.49	$0.93	+89.8%	—	—	—
Q1 26	$0.34	$0.37	+8.8%	—	$28.6T	—
Q4 25	$0.3	$0.2	-33.3%	—	$28.8T	—
Q3 25	$0.36	$0.33	-8.3%	—	$29.8T	—
Q2 25	$0.35	$0.22	-37.1%	—	$29.7T	—
Q1 25	$0.32	$0.36	+12.5%	—	$31.4T	—
Q4 24	$0.31	$0.44	+41.9%	—	$34.8T	—
Q3 24	$0.47	$0.4	-14.9%	—	$9.3B	—
Q2 24	$0.49	$0.41	-16.3%	—	$32.6T	—
Q1 24	$0.54	$0.93	+72.2%	—	$31.3T	—
Q4 23	$0.54	$0.51	-5.6%	—	$34.8T	—
Q3 23	$0.51	$0.61	+19.6%	—	$35.1T	—
Q2 23	$0.51	$0.45	-11.8%	—	$34.3T	—
Q1 23	$0.54	$0.6	+11.1%	—	$38.9T	—
Q4 22	$0.82	$0.69	-15.9%	—	$39.7T	—
Q3 22	$1.16	$1.06	-8.6%	—	$43.4T	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.4K	—	—	$119.7T	—
FY24	—	$7.3K	—	—	$133.3T	—
FY23	—	$10.2K	—	—	$143.2T	—
FY22	—	$16.2K	—	—	$159.6T

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$48.5T	$56T	$68.6T	$71.5T	$50.2T	$91.9T	$159.6T	$143.2T	$133.3T	$119.7T
YoY change	-7.38%	+15.4%	+22.6%	+4.2%	-29.7%	+82.9%	+73.7%	-10.3%	-6.89%	-10.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	48.5T	56T	68.6T	71.5T	50.2T	91.9T	159.6T	143.2T	133.3T	119.7T
Cost of revenue	34.3T	36.9T	41.2T	45T	37.6T	55.6T	89.5T	88.2T	86.5T	82.1T
Gross profit	14.2T	19T	27.4T	26.5T	12.7T	36.3T	70.2T	55T	46.8T	37.6T
Gross margin	29.4%	34%	40%	37.1%	25.2%	39.5%	44%	38.4%	35.1%	31.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.1T	2.1T	2.4T	2.9T	4T	3.9T	5.4T	6.5T	6.7T	6.2T
Operating expenses	3T	3.6T	3.7T	3.6T	4.9T	4.4T	7.2T	8.9T	8.9T	7.8T
Operating income	9.9T	14.5T	23.1T	22.1T	6.8T	30.6T	61.2T	44.5T	36.3T	27.6T
Operating margin	20.4%	25.9%	33.7%	30.9%	13.6%	33.3%	38.4%	31.1%	27.3%	23%
Non-operating income, net	175.9B	2T	254.2B	-188.7B	1.1T	-129B	-305.4B	531.1B	3T	206B
Pretax income	7.8T	13.8T	20.6T	19.7T	4.8T	26.4T	54.2T	36.9T	30.7T	18.9T
Income tax	4.5T	5.8T	8.3T	4.7T	2T	8.8T	19T	11.5T	12.2T	4.4T
Net income	3.2T	8T	12.4T	15T	2.7T	17.6T	35.2T	25.4T	18.5T	14.4T
Net margin	6.7%	14.2%	18%	21%	5.45%	19.2%	22.1%	17.7%	13.9%	12.1%
EBITDA	18.6T	23.3T	31.3T	31.5T	16.3T	41.3T	74.9T	60.1T	53.5T	45.6T
EPS	761.2	3.2K	5.7K	7.1K	821.1	8.1K	16.2K	10.2K	7.3K	4.4K
Diluted EPS	761.2	3.2K	5.7K	7.1K	821.1	8.1K	16.2K	10.2K	7.3K	4.4K

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	34.3T	35.1T	34.8T	31.3T	32.6T	9.3B	34.8T	31.4T	29.7T	29.8T	28.8T	28.6T
Cost of revenue	21.5T	20.6T	23.3T	19.1T	20.6T	6.1B	24.2T	20.7T	21.2T	19.9T	20.3T	17.5T
Gross profit	12.8T	14.5T	11.5T	12.2T	12T	3.2B	10.6T	10.7T	8.5T	10T	8.5T	11.1T
Gross margin	37.4%	41.3%	33%	39.1%	36.9%	34.6%	30.5%	34%	28.7%	33.4%	29.5%	38.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	2T	—	—	—	—	—	2.6T	2.5T	-1T	2.4T
Operating expenses	2.3T	2.7T	2.9T	2.4T	-1.4T	712.4M	-5.4T	2.3T	2.9T	2.6T	16B	2.6T
Operating income	10.5T	11.8T	8.2T	9.8T	9.8T	2.5B	7.7T	8.4T	5.6T	7.3T	6.2T	8.6T
Operating margin	30.6%	33.6%	23.5%	31.3%	30.2%	26.9%	22.1%	26.7%	19%	24.6%	21.6%	29.9%
Non-operating income, net	155B	109B	-1.7T	197B	-55.2B	31.1M	2.5T	209B	402B	170B	-526B	247B
Pretax income	8.6T	11.3T	4.3T	8T	7.6T	2B	7.7T	6.2T	3.7T	5.5T	3.5T	6.1T
Income tax	3.3T	5.3T	39B	2.9T	4T	607M	3.8T	1.9T	1.3T	1.7T	-516B	2.3T
Net income	5.3T	6T	4.3T	5.1T	3.6T	1.4B	3.9T	4.2T	2.5T	3.8T	4T	3.8T
Net margin	15.4%	17%	12.3%	16.2%	11.2%	14.8%	11.3%	13.5%	8.28%	12.6%	13.8%	13.4%
EBITDA	13.9T	11.8T	8.8T	9.8T	10.6T	2.5B	15.8T	8.4T	9.9T	11.4T	12T	7.5T
EPS	2K	2.5K	2.1K	2K	1.6K	1.8K	1.9K	1.5K	880.9	1.2K	742.8	1.4K
Diluted EPS	2K	2.5K	2.1K	2K	1.6K	1.8K	1.9K	1.5K	880.9	1.2K	742.8	1.4K

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	78.2T	126.5T	137.3T	172.5T	111.6T	111.4T	90.5T	105.5T	—	20.6B	20.6B
Enterprise value	116.7T	159.1T	163.7T	202.1T	151.1T	190.3T	191.1T	198.9T	—	98.7T	98.7T
Shares outstanding	8.6T	8.6T	8.6T	8.6T	8.6T	8.6T	8.6T	8.9T	2.1B	2.1B	2.1B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.1	15.9	11.1	11.5	40.8	6.32	2.57	4.16	—	0	0
P/S	1.61	2.26	2	2.41	2.22	1.21	0.57	0.74	—	0	0
P/B	1.8	2.62	2.4	2.96	2.09	1.23	0.79	1.05	—	0	0
EV/EBITDA	6.26	6.84	5.23	6.41	9.24	4.61	2.55	3.31	—	2.16	2.16
EV/Sales	2.41	2.84	2.39	2.83	3.01	2.07	1.2	1.39	—	0.82	0.82
Earnings yield	4.15%	6.3%	9%	8.7%	2.45%	15.8%	38.9%	24.1%	—	70.1K%	70.1K%
FCF yield	10.7%	8.7%	10.2%	7.96%	-1.73%	8.29%	15.9%	-4.07%	—	60.8K%	60.8K%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	29.4%	34%	40%	37.1%	25.2%	39.5%	44%	38.4%	35.1%	31.4%	31.4%
Operating margin	20.4%	25.9%	33.7%	30.9%	13.6%	33.3%	38.4%	31.1%	27.3%	23%	23%
Net margin	6.7%	14.2%	18%	21%	5.45%	19.2%	22.1%	17.7%	13.9%	12.1%	12.1%
ROE	7.46%	16.5%	21.6%	25.8%	5.12%	19.5%	30.9%	25.3%	17.5%	13.5%	13.5%
ROA	2.73%	6.76%	9.91%	11.2%	1.99%	7.27%	11.6%	9.06%	6.2%	5.12%	5.12%
ROIC	5.03%	10.4%	16.6%	19.1%	4.2%	12%	18.5%	15.8%	10.3%	10.3%	10.3%
Return on tangible assets	2.8%	6.94%	10.2%	11.5%	2.05%	8.73%	13.8%	10.5%	7.25%	5.91%	5.91%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.47	1.38	1.52	1.07	1.25	1.71	1.36	1.58	1.53	1.55	1.55
Quick ratio	1.24	1.11	1.23	0.81	0.97	1.43	1.15	1.34	1.28	1.3	1.3
Debt / equity	1.2	0.9	0.67	0.66	0.87	1.05	1.01	1.06	1.13	1.02	1.02
Debt / assets	0.44	0.37	0.31	0.29	0.34	0.39	0.38	0.38	0.4	0.39	0.39
Net debt / EBITDA	2.06	1.4	0.84	0.94	2.41	1.91	1.34	1.55	2	2.16	2.16
Interest coverage	3.33	5.39	7.72	8.44	2.47	7.38	8.2	5.05	4.12	2.86	2.86
Effective tax rate	58.3%	42.1%	40.1%	23.9%	42.7%	33.3%	35%	31.2%	39.8%	23.4%	23.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.61	6.47	7.94	8.27	5.81	10.6	18.5	16.2	64.9K	58.2K	58.2K
EPS (basic)	761.2	3.2K	5.7K	7.1K	821.1	8.1K	16.2K	10.2K	7.3K	4.4K	4.4K
EPS (diluted)	761.2	3.2K	5.7K	7.1K	821.1	8.1K	16.2K	10.2K	7.3K	4.4K	4.4K
Book value per share	5.04	5.58	6.61	6.74	6.19	10.5	13.2	11.3	51.5K	51.9K	51.9K
FCF per share	0.97	1.27	1.62	1.59	-0.22	1.07	1.66	-0.48	11.8K	6.1K	6.1K
Cash per share	1.59	1.26	1.35	1.01	0.84	1.87	1.68	1.41	6.3K	5.1K	5.1K
Capex per share	0.65	0.64	0.97	1.6	1.28	1.49	2.4	2.63	9.8K	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	11.7%	9.87%	12.2%	19.3%	22%	14%	13%	16.3%	15%	—	—
Capex / operating cash flow	32.1%	25%	29.5%	47.1%	70%	53.1%	53.7%	76%	34.6%	—	—
Payout ratio	52.7%	18.9%	35.8%	92.4%	319%	15.7%	37.9%	21.9%	84.1%	81.1%	81.1%
Dividend yield	2.19%	1.19%	3.23%	8.04%	7.83%	2.49%	14.8%	5.28%	—	56.9K%	56.9K%

Yield

—

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.661

ex-dividend Apr 29, 2026

Payout ratio

81%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 29, 2026	$0.661
Apr 28, 2025	$0.506
Apr 3, 2025	$0.5202

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	$34.3T	$35.1T	$34.8T	$31.3T	$32.6T	$9.3B	$34.8T	$31.4T	$29.7T	$29.8T	$28.8T	$28.6T
YoY change	-21.8%	-19.1%	-12.4%	-19.4%	-4.88%	-100%	-0.01%	+0.2%	-9.07%	+321.5K%	-17.2%	-8.74%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	13.8T	10.9T	11.6T	8.7T	7.3T	16.2T	14.5T	12.5T	13T	10.5T
Receivables	2.6T	3.6T	4.1T	4.8T	4T	9.5T	11.6T	11.4T	7.3T	6.3T
Inventory	3.8T	4.6T	5.1T	5.7T	5.1T	8.4T	11.9T	10.2T	10T	8.6T
Total current assets	24.1T	23.2T	27T	23.4T	22.8T	51.7T	77.3T	68.6T	60.7T	53.4T
Property, plant & equipment	23.6T	18.2T	16.4T	12.4T	8.9T	25.2T	22.7T	10.5T	9.4T	3T
Goodwill & intangibles	2.9T	3.1T	3.1T	3.3T	4.3T	40.4T	47T	39.1T	43.1T	37.7T
Total assets	119T	117.8T	124.6T	133.9T	137.7T	242.4T	302.8T	280.1T	298.2T	282.2T
Accounts payable	6.9T	7T	8.9T	10.7T	6.5T	10.5T	15T	13.7T	15.1T	11.6T
Short-term debt	4.1T	5.1T	4T	5T	4.9T	9.2T	22.2T	15.6T	11.3T	10.1T
Total current liabilities	16.4T	16.8T	17.8T	21.7T	18.3T	30.2T	56.8T	43.6T	39.6T	34.5T
Long-term debt	48.1T	38.4T	34T	33.2T	41.8T	85.9T	92.9T	90.3T	108.7T	99.1T
Total liabilities	75.4T	69.6T	67.5T	75.7T	84.2T	151.8T	188.9T	179.9T	192.3T	175.5T
Shareholders' equity	43.6T	48.2T	57.1T	58.2T	53.5T	90.6T	113.9T	100.3T	105.9T	106.7T
Total debt	52.2T	43.5T	38.1T	38.2T	46.7T	95.1T	115.1T	105.8T	120T	109.2T
Net debt	43.8T	35.6T	31.8T	31.2T	41.6T	80.5T	101.8T	95.2T	107.8T	100.5T

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q4 23	Q2 24	Q4 24	Q2 25	Q3 25	Q4 25
Cash & short-term investments	16.2T	15.6T	11.3T	15.2T	14.5T	17.2T	3.1T	714M	3.2T	14.3T	13.7T	10.5T
Receivables	9.5T	25.2T	29.1T	11.9T	11.6T	12.2T	—	—	—	13.8T	14.3T	6.3T
Inventory	8.4T	11T	12.2T	10.8T	11.9T	11.1T	—	—	—	10.4T	10.5T	8.6T
Total current assets	51.7T	59.1T	61T	68T	77.3T	86.3T	—	—	—	59.2T	59.8T	53.4T
Property, plant & equipment	25.2T	124.3T	130.6T	23T	22.7T	18.7T	—	—	—	152.8T	152.2T	3T
Goodwill & intangibles	40.4T	40.8T	43.5T	44.5T	47T	45.1T	—	—	—	43.3T	41.7T	37.7T
Total assets	242.4T	250.8T	262.9T	279.4T	302.8T	312.4T	—	—	—	294.6T	291.9T	282.2T
Accounts payable	10.5T	26.5T	22.1T	11.8T	15T	12.9T	—	—	—	17.6T	18.3T	11.6T
Short-term debt	9.2T	8.7T	9.8T	22.6T	22.2T	16.3T	—	—	—	15.6T	12.5T	10.1T
Total current liabilities	30.2T	42.8T	41.8T	51.4T	56.8T	75.5T	—	—	—	40.7T	39.1T	34.5T
Long-term debt	85.9T	82.9T	89T	85.1T	92.9T	100.1T	—	—	—	104.6T	101.8T	99.1T
Total liabilities	151.8T	161.7T	168.2T	176.7T	188.9T	212.7T	—	—	—	189T	184.9T	175.5T
Shareholders' equity	90.6T	89.1T	94.7T	102.7T	113.9T	99.7T	—	—	—	105.6T	107T	106.7T
Total debt	95.1T	91.6T	98.7T	107.7T	115.1T	116.4T	—	—	—	120.3T	114.3T	109.2T
Net debt	80.5T	77.6T	88.6T	94.8T	101.8T	100.9T	—	—	—	110.1T	103.9T	100.5T

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	3.2T	8T	12.4T	15T	2.7T	17.6T	35.2T	25.4T	18.5T	14.4T
Depreciation & amortization	7.6T	8.3T	7.7T	8.6T	9.3T	10.2T	12.1T	13.8T	15.2T	16.1T
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-1.1T	-2.7T	-3T	-605.4B	-233B	-16.5T	-35.2T	-29.2T	3.9T	-178B
Operating cash flow	17.6T	22.1T	28.4T	29.3T	15.8T	24.2T	38.6T	30.7T	58T	33.3T
Capital expenditure	-5.7T	-5.5T	-8.4T	-13.8T	-11T	-12.9T	-20.7T	-23.3T	-20.1T	—
Investing cash flow	-10.1T	-4.9T	-9.1T	-10.5T	-8.9T	-20.5T	-19.4T	-21.6T	-23.2T	897B
Dividends paid	-1.7T	-1.5T	-4.4T	-13.9T	-8.7T	-2.8T	-13.4T	-5.6T	-15.6T	-11.7T
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-267.6B	-10.1T	-13.2T	-15.4T	-283.4B	10.3T	-13.4T	6.2T	-15.2T	-9.2T
Net change in cash	7.2T	7.1T	6.1T	3.4T	6.6T	14T	5.8T	15.3T	19.6T	25.1T
Free cash flow	8.4T	11T	14T	13.7T	-1.9T	9.2T	14.4T	-4.3T	24.2T	12.5T

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q4 24	Q2 25	Q3 25	Q4 25
Net income	3.8T	7T	7.3T	10.5T	10.5T	7.7T	7T	7.5T	7.5T	1.8T	2.6T	6.9T
Depreciation & amortization	2.7T	2.8T	2.7T	2.9T	3.2T	3.4T	3.2T	3.4T	3.9T	4.5T	4.1T	3.7T
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	-11.4T	—	—	-9T	-11.7T	-8T	—	—	—	—
Operating cash flow	10.3T	13.6T	4T	22.1T	20.4T	6.9T	6.4T	6.4T	11.6T	10T	8.9T	8.3T
Capital expenditure	-3.4T	-4.3T	-3.2T	-4.4T	-5.1T	-8T	-4.9T	-5.3T	-6.6T	—	—	—
Investing cash flow	-13.3T	-4T	-2.8T	-4.4T	-5.7T	-7.2T	-4.2T	-4.8T	-7.4T	-1.5T	-29B	-262B
Dividends paid	-274B	-1.3T	-273.7B	-5.7T	-5.2T	-2.2T	-226.9B	-2.3T	-632.1B	-9.7T	-329B	-693B
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-354B	-12.7T	-639B	-5.8T	-17T	-772.1B	3.2T	-352.6B	-26.9T	-9.8T	-473B	-16.1T
Net change in cash	-3.3T	-3.1T	640.2B	11.9T	-2.3T	-1.1T	5.4T	1.2T	-22.7T	-1.3T	8.4T	-8.1T
Free cash flow	1.7T	6.5T	432B	1.6T	9.4T	2.9T	-3.1T	-2.4T	2.7T	5T	3.8T	1.5T

Ecopetrol S.A. Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement