PBF Energy Inc. (PBF) 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	$4.12	$6.22	+51.0%	—	$11.7B	—
Q1 26	-$0.9	-$0.88	+2.2%	—	$7.9B	—
Q4 25	-$0.11	$0.49	+545.5%	—	$7.1B	—
Q3 25	-$0.75	-$0.52	+30.7%	—	$7.7B	—
Q2 25	-$1.21	-$1.03	+14.9%	—	$7.5B	—
Q1 25	-$3.29	-$3.09	+6.1%	—	$7.1B	—
Q4 24	-$2.78	-$2.82	-1.4%	—	$7.4B	—
Q3 24	-$1.3	-$1.5	-15.4%	—	$8.4B	—
Q2 24	$0.01	-$0.54	-5500.0%	—	$8.7B	—
Q1 24	$0.68	$0.85	+25.0%	—	$8.6B	—
Q4 23	$0.06	-$0.41	-783.3%	—	$9.1B	—
Q3 23	$4.87	$6.61	+35.7%	—	$10.7B	—
Q2 23	$2.24	$2.29	+2.2%	—	$9.2B	—
Q1 23	$2.6	$2.76	+6.2%	—	$9.3B	—
Q4 22	$4.96	$4.41	-11.1%	—	$10.8B	—
Q3 22	$6.58	$7.96	+21.0%	—	$12.8B	—

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	—	-$1.39	—	—	$29.3B	—
FY24	—	-$4.59	—	—	$33.1B	—
FY23	—	$17.1	—	—	$38.3B	—
FY22	—	$23.5	—	—	$46.8B

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	$15.9B	$21.8B	$27.2B	$24.5B	$15.1B	$27.3B	$46.8B	$38.3B	$33.1B	$29.3B
YoY change	+21.3%	+36.8%	+24.8%	-9.85%	-38.3%	+80.3%	+71.8%	-18.2%	-13.6%	-11.4%

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	15.9B	21.8B	27.2B	24.5B	15.1B	27.3B	46.8B	38.3B	33.1B	29.3B
Cost of revenue	15.2B	20.8B	26.6B	23.6B	16.7B	26.4B	42.2B	35.9B	33.5B	29.9B
Gross profit	683M	960.6M	602.6M	913.1M	-1.6B	887.2M	4.7B	2.4B	-372.2M	-571M
Gross margin	4.29%	4.41%	2.22%	3.73%	-10.8%	3.26%	9.99%	6.26%	-1.12%	-1.95%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	166.3M	214.5M	277M	284M	248.5M	247.3M	468.7M	362.5M	260.4M	332.3M
Operating expenses	166.3M	214.5M	277M	284M	248.5M	247.3M	468.7M	362.5M	260.4M	332.3M
Operating income	510.8M	733.1M	315M	618.3M	-1.9B	626.6M	4.2B	2B	-645.8M	-917.7M
Operating margin	3.21%	3.36%	1.16%	2.52%	-12.5%	2.3%	8.97%	5.28%	-1.95%	-3.13%
Non-operating income, net	2.4M	220.3M	63.7M	20.8M	816.5M	18.5M	-398.8M	925M	-50.8M	864.7M
Pretax income	363.2M	799M	208.8M	479.5M	-1.3B	327.6M	3.6B	2.9B	-768.6M	-234.6M
Income tax	137.7M	315.6M	33.5M	104.3M	2.1M	12.1M	584.8M	723.8M	-228.4M	-74.1M
Net income	225.5M	483.4M	175.3M	375.2M	-1.3B	315.5M	3B	2.2B	-540.2M	-160.5M
Net margin	1.42%	2.22%	0.64%	1.53%	-8.82%	1.16%	6.35%	5.64%	-1.63%	-0.55%
EBITDA	757.5M	1.3B	714.2M	1.1B	-942.4M	1.1B	4.5B	3.5B	42.1M	-229.3M
EPS	1.74	3.78	1.11	2.66	-11.6	1.92	23.5	17.1	-4.59	-1.39
Diluted EPS	1.74	3.73	1.1	2.64	-11.6	1.9	22.8	16.5	-4.6	-1.39

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	10.7B	9.1B	8.6B	8.7B	8.4B	7.4B	7.1B	7.5B	7.7B	7.1B	7.9B	11.7B
Cost of revenue	9.5B	9.1B	8.4B	8.7B	8.7B	7.7B	7.5B	7.5B	7.6B	7.3B	7.6B	10.5B
Gross profit	1.2B	84M	218.2M	6.3M	-288.2M	-308.5M	-420.2M	-58M	39.2M	-132M	278.5M	1.1B
Gross margin	11.4%	0.92%	2.52%	0.07%	-3.44%	-4.2%	-5.95%	-0.78%	0.51%	-1.85%	3.52%	9.82%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	92.9M	105.4M	63.2M	65M	65.4M	66.8M	70.4M	80.3M	74M	107.6M	89.6M	148.6M
Operating expenses	92.9M	105.4M	63.2M	65M	65.4M	66.8M	70.4M	80.3M	74M	107.6M	89.6M	148.6M
Operating income	1.1B	-24.9M	151.8M	-62M	-356.9M	-378.7M	-494.2M	-141.9M	-38.4M	-243.2M	185.1M	994.6M
Operating margin	10.5%	-0.27%	1.76%	-0.71%	-4.26%	-5.15%	-6.99%	-1.9%	-0.5%	-3.41%	2.34%	8.52%
Non-operating income, net	-59.7M	-20.1M	-6.1M	-12M	-28.9M	-3.8M	-16.7M	185.2M	324.7M	371.5M	115.5M	276.6M
Pretax income	1B	-53.6M	135.2M	-91.3M	-407.2M	-405.3M	-547.8M	-10.5M	236M	87.7M	258.5M	1.2B
Income tax	254.6M	-5.2M	27.7M	-25.3M	-118.1M	-112.7M	-141.9M	-5.1M	64.3M	8.6M	58.3M	314.2M
Net income	794.1M	-48.4M	107.5M	-66M	-289.1M	-292.6M	-405.9M	-5.4M	171.7M	79.1M	200.2M	915M
Net margin	7.4%	-0.53%	1.24%	-0.76%	-3.45%	-3.98%	-5.74%	-0.07%	2.24%	1.11%	2.53%	7.84%
EBITDA	1.3B	80M	292.2M	100.6M	-220.2M	-117.3M	-335.7M	20.4M	118.3M	-40.9M	357.9M	1.2B
EPS	6.35	-0.4	0.89	-0.56	-2.48	-2.54	-3.53	-0.05	1.47	0.67	1.69	7.66
Diluted EPS	6.11	-0.4	0.86	-0.56	-2.49	-2.54	-3.53	-0.05	1.45	0.66	1.65	7.54

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	—	—	3.8B	3.8B	849.3M	1.6B	5B	5.5B	3.1B	3.1B	8.8B
Enterprise value	—	—	5.1B	5.3B	4.8B	5.2B	5.4B	5.8B	4.9B	5.5B	10.5B
Shares outstanding	98.3M	109.8M	115.2M	119.9M	119.6M	120.2M	122.6M	125M	116.2M	114.1M	114.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	21.5	10	—	4.94	1.68	2.54	—	—	6.46
P/S	—	—	0.14	0.15	0.06	0.06	0.11	0.14	0.09	0.11	0.25
P/B	—	—	1.16	1.05	0.39	0.62	0.99	0.83	0.54	0.57	1.36
EV/EBITDA	—	—	7.14	5.06	-5.11	4.85	1.22	1.62	115.5	-23.9	10.8
EV/Sales	—	—	0.19	0.22	0.32	0.19	0.12	0.15	0.15	0.19	0.3
Earnings yield	—	—	4.66%	9.98%	—	20.2%	59.5%	39.4%	—	—	15.5%
FCF yield	—	—	13.8%	14.1%	-97.5%	14.6%	82.8%	12.4%	-11.3%	-25.3%	0.89%
PEG	—	—	—	—	—	—	—	—	—	—	-0

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	4.29%	4.41%	2.22%	3.73%	-10.8%	3.26%	9.99%	6.26%	-1.12%	-1.95%	9.82%
Operating margin	3.21%	3.36%	1.16%	2.52%	-12.5%	2.3%	8.97%	5.28%	-1.95%	-3.13%	8.8%
Net margin	1.42%	2.22%	0.64%	1.53%	-8.82%	1.16%	6.35%	5.64%	-1.63%	-0.55%	3.94%
ROE	8.77%	16.7%	5.4%	10.5%	-60.5%	12.5%	58.8%	32.6%	-9.51%	-2.95%	23.2%
ROA	2.96%	5.95%	2.19%	4.11%	-12.7%	2.71%	21.9%	15%	-4.25%	-1.23%	3.1%
ROIC	8.07%	9.81%	5.77%	9.37%	-30.6%	9.73%	63.9%	22%	-8.66%	-11.7%	8.29%
Return on tangible assets	2.96%	5.96%	2.2%	4.13%	-12.7%	2.71%	21.9%	15%	-4.25%	-1.23%	9.28%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.66	1.57	1.52	1.52	1.58	1.38	1.26	1.56	1.25	1.21	1.33
Quick ratio	0.75	0.66	0.64	0.68	0.89	0.72	0.73	0.81	0.54	0.51	0.67
Debt / equity	0.84	0.75	0.6	0.67	2.53	1.98	0.52	0.31	0.41	0.53	0.38
Debt / assets	0.28	0.27	0.24	0.26	0.53	0.43	0.19	0.14	0.18	0.22	0.17
Net debt / EBITDA	1.8	1.26	1.87	1.5	-4.21	3.4	0.1	0.07	42.2	-10.4	1
Interest coverage	3.42	6.17	2.23	4	-4.16	2.03	15.5	46.2	-5.24	-0.14	10.5
Effective tax rate	37.9%	39.5%	16%	21.8%	0%	3.69%	16.4%	25.1%	0%	0%	24.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	161.9	198.5	236	204.4	126.4	226.7	382	306.7	284.9	257.2	296.2
EPS (basic)	1.74	3.78	1.11	2.66	-11.6	1.92	23.5	17.1	-4.59	-1.39	-1.39
EPS (diluted)	1.74	3.73	1.1	2.64	-11.6	1.9	22.8	16.5	-4.6	-1.39	11.4
Book value per share	26.1	26.4	28.2	29.9	18.4	21.1	41.2	53.1	48.8	47.8	54.1
FCF per share	3.59	3.45	4.52	4.41	-6.92	1.9	33.8	5.43	-2.99	-6.87	6.14
Cash per share	8	5.22	5.19	6.8	13.5	11.2	18	14.3	4.61	4.63	7.54
Capex per share	3.04	2.79	2.76	3.38	1.64	2.07	—	—	—	6.18	7.55

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.88%	1.41%	1.17%	1.65%	1.3%	0.91%	—	—	—	2.4%	2.66%
Capex / operating cash flow	61%	167.1%	30.2%	57.2%	-44.1%	-91.5%	—	—	—	-904.1%	55.2%
Payout ratio	76.4%	37.5%	108%	55.8%	-6.17%	12.6%	2.48%	5.14%	-22.3%	-78.8%	9.64%
Dividend yield	—	—	5.03%	5.56%	9.68%	2.55%	1.47%	2.02%	3.91%	4.09%	1.48%

Yield

1.48%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.275

ex-dividend Aug 14, 2026

Payout ratio

10%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.275
May 14, 2026	$0.275
Feb 25, 2026	$0.275
Nov 14, 2025	$0.275
Aug 14, 2025	$0.275
May 15, 2025	$0.275

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$10.7B	$9.1B	$8.6B	$8.7B	$8.4B	$7.4B	$7.1B	$7.5B	$7.7B	$7.1B	$7.9B	$11.7B
YoY change	-15.9%	-15.7%	-6.99%	-4.6%	-21.9%	-19.6%	-18.3%	-14.4%	-8.72%	-2.88%	+11.9%	+56.2%

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	786.3M	573M	597.3M	814.9M	1.6B	1.3B	2.2B	1.8B	536.1M	527.9M
Receivables	620.2M	952.6M	718.2M	835M	512.9M	1.3B	1.5B	1.4B	1.2B	1.2B
Inventory	1.9B	2.2B	1.9B	2.1B	1.7B	2.5B	2.8B	3.2B	2.6B	2.6B
Total current assets	3.4B	3.8B	3.2B	3.8B	3.9B	5.2B	6.5B	6.6B	4.5B	4.5B
Property, plant & equipment	3.3B	3.4B	3.8B	4.3B	5.6B	5.5B	5.9B	5.6B	5.7B	6.1B
Goodwill & intangibles	1.2M	1.1M	51.2M	48.6M	20.2M	19.2M	—	—	—	—
Total assets	7.6B	8.1B	8B	9.1B	10.5B	11.6B	13.5B	14.4B	12.7B	13B
Accounts payable	535.9M	578.6M	488.4M	601.4M	407M	911.7M	854.6M	959M	735.6M	801.2M
Short-term debt	39.7M	16.6M	2.4M	78.6M	100.2M	76M	596.4M	143.4M	199M	196.6M
Total current liabilities	2.1B	2.4B	2.1B	2.5B	2.5B	3.8B	5.2B	4.2B	3.6B	3.7B
Long-term debt	2.1B	2.2B	1.9B	2.3B	5.5B	4.9B	2B	1.9B	2.1B	2.7B
Total liabilities	5.1B	5.2B	4.8B	5.5B	8.3B	9.1B	8.5B	7.8B	7B	7.6B
Shareholders' equity	2.6B	2.9B	3.2B	3.6B	2.2B	2.5B	5.1B	6.6B	5.7B	5.4B
Total debt	2.1B	2.2B	1.9B	2.4B	5.6B	5B	2.6B	2B	2.3B	2.9B
Net debt	1.4B	1.6B	1.3B	1.6B	4B	3.7B	438.3M	260.7M	1.8B	2.4B

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.9B	1.8B	1.4B	1.4B	976.7M	536.1M	468.6M	590.7M	482M	527.9M	541.8M	894.1M
Receivables	1.6B	1.4B	1.2B	1.5B	1.2B	1.2B	1.2B	1.1B	1.4B	1.2B	1.9B	1.8B
Inventory	3.2B	3.2B	2.9B	2.9B	2.6B	2.6B	2.9B	2.8B	2.7B	2.6B	3.1B	2.9B
Total current assets	6.9B	6.6B	5.8B	6B	5.1B	4.5B	4.9B	4.8B	4.8B	4.5B	5.8B	5.8B
Property, plant & equipment	5.7B	5.6B	5.8B	5.8B	5.8B	5.7B	5.9B	5.9B	6B	6.1B	6.5B	6.5B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	14.7B	14.4B	13.8B	14.1B	13.1B	12.7B	13B	13B	13B	13B	14.7B	14.7B
Accounts payable	1.2B	959M	960.6M	1.1B	956.1M	735.6M	874.4M	928M	822.1M	801.2M	862.4M	788.6M
Short-term debt	142.3M	143.4M	184.5M	176.5M	182.6M	199M	217.4M	200.5M	185.3M	196.6M	211.4M	187.9M
Total current liabilities	4.4B	4.2B	3.8B	4.3B	3.8B	3.6B	3.8B	3.6B	3.5B	3.7B	4.4B	4.4B
Long-term debt	1.9B	1.9B	1.9B	1.9B	1.9B	2.1B	2.9B	3B	3B	2.7B	3.4B	2.3B
Total liabilities	7.8B	7.8B	7.2B	7.7B	7.1B	7B	7.8B	7.8B	7.7B	7.6B	9.1B	8.2B
Shareholders' equity	6.9B	6.6B	6.6B	6.4B	6B	5.7B	5.2B	5.2B	5.4B	5.4B	5.7B	6.5B
Total debt	2.1B	2B	2.1B	2.1B	2.1B	2.3B	3.1B	3.2B	3.2B	2.9B	3.6B	2.5B
Net debt	170.6M	260.7M	654.5M	698.1M	1.1B	1.8B	2.6B	2.6B	2.7B	2.4B	3.1B	1.6B

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	225.5M	483.4M	175.3M	375.2M	-1.3B	315.5M	3B	2.2B	-540.2M	-160.5M
Depreciation & amortization	232.9M	299.9M	378.6M	447.5M	581.1M	483.8M	533.9M	591.6M	643M	662.8M
Stock-based compensation	22.7M	26.8M	26M	37.3M	34.2M	35.6M	54.3M	51.5M	44.3M	39M
Change in working capital	270.2M	-410M	138.1M	-40M	471.7M	-513.1M	-534.6M	-281.7M	531.2M	-356.4M
Operating cash flow	489.9M	183.5M	1.1B	707.8M	-444.7M	-272.3M	3.8B	3B	391M	-78M
Capital expenditure	-298.7M	-306.7M	-317.5M	-404.9M	-196.2M	-249.1M	—	—	—	-705.2M
Investing cash flow	-1.4B	-687M	-685.6M	-712.6M	-1B	-388.5M	-377.6M	321M	-650.6M	-480.2M
Dividends paid	-172.2M	-181.5M	-189.3M	-209.2M	-82.2M	-39.7M	-73.6M	-111.1M	-120.6M	-126.5M
Share repurchases	-743K	-1M	-8.2M	-4.9M	-1.6M	0	-156.4M	-532.5M	-329.1M	0
Financing cash flow	544M	-182.5M	-142.1M	-3.3M	2.5B	-352.2M	-3B	-1.5B	-250.7M	547.1M
Net change in cash	-360.1M	-686M	223M	-8.1M	981.5M	-1B	437.4M	1.9B	-510.3M	-11.1M
Free cash flow	353.2M	379M	520.5M	528.6M	-827.8M	228.2M	4.1B	678.9M	-347.5M	-783.2M

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 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	794.1M	-48.4M	107.5M	-66M	-289.1M	-292.6M	-405.9M	-5.4M	171.7M	79.1M	200.2M	915M
Depreciation & amortization	148.6M	143.3M	148.5M	162M	165.6M	166.9M	175.2M	166.3M	167.4M	153.9M	163.5M	167.8M
Stock-based compensation	8.8M	23.8M	12.4M	8.6M	9.1M	14.2M	11.4M	10M	8.4M	9.2M	8.4M	9M
Change in working capital	99.9M	-138.2M	449.9M	-145.3M	196.5M	30.1M	-127.2M	161.6M	-146.1M	-244.7M	-873.3M	207.1M
Operating cash flow	1.2B	-4.1M	675.4M	-36.6M	110.7M	-358.5M	-614.3M	256.1M	25.7M	366.6M	-323.7M	1.6B
Capital expenditure	—	—	—	—	—	—	—	—	-148.5M	-289.6M	-349.4M	-127.1M
Investing cash flow	339.7M	-151.1M	-144.8M	-279.7M	-85.6M	-140.5M	-106.5M	2.3M	-88.1M	-20.8M	-401.8M	-104.3M
Dividends paid	-27.4M	-30.6M	-30.5M	-29.5M	-29M	-31.6M	-31.5M	-31.6M	-31.6M	-31.8M	-31.9M	-34.3M
Share repurchases	-115M	-149.9M	-125M	-100.1M	-75M	-29M	0	0	0	0	—	—
Financing cash flow	-877.6M	-179.2M	-80.4M	-164.8M	-135.4M	129.9M	816.1M	84.8M	-47.9M	-305.9M	711.6M	-1.1B
Net change in cash	700.2M	-334.4M	450.2M	-481.1M	-110.3M	-369.1M	95.3M	343.2M	-110.3M	39.9M	-13.9M	348.7M
Free cash flow	396.1M	224.2M	-123.8M	371.8M	-169.8M	-425.7M	-772.4M	35M	-122.8M	77M	-673.1M	1.5B

PBF Energy Inc. 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