PAMPA ENERGIA S.A. (PAM) Financials

PAM

FY2025 annual

Revenue $2.0B +6.5% YoY

Net Income $378.0M -38.9% YoY

Free Cash Flow -$215.0M -1691.7% YoY

Operating Cash Flow $778.0M +78.9% YoY

Market Cap $4.3B as of Oct 6, 2026

Price / Sales 2.1x on $2.0B revenue, FY2025

Price / Earnings 11.3x on $378.0M net income, FY2025

Price / Book 1.3x on $3.3B equity, Q3 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Apr 9, 2026 Reported Apr 9, 2026 Currency USD FYE April

Newest figures come from the 10-K for FY2025, filed Apr 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PAM SEC filings page.

PAMPA ENERGIA S.A. (PAM) reported $2.0B in revenue for fiscal year 2025, up 6.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PAM FY2025 2026-10-04

Pampa converted accounting earnings into operating cash, but heavy reinvestment kept free cash flow negative while leverage eased.

Net income fell from $619M in FY2024 to $378M in FY2025, while operating cash flow moved in the opposite direction. That divergence makes earnings a poor shorthand for cash generation in FY2025, when $993M of capital expenditure still pushed free cash flow to -$215M.

Assets expanded in FY2025 even as liabilities declined, and debt-to-equity fell from 0.6x to 0.5x; this points to expansion without a parallel increase in leverage.

Capital spending exceeded operating cash flow, so reinvestment consumed internally generated cash rather than leaving surplus cash. The current ratio recovered to 3.1x from 1.8x in FY2024, indicating improved short-term balance-sheet flexibility despite the investment burden.

Financial Health Signals

Financial Health Score 35/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of PAMPA ENERGIA S.A.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for PAMPA ENERGIA S.A., and counted as zero in the overall score.

Growth

PAMPA ENERGIA S.A.'s revenue grew 6.5% year-over-year to $2.0B, a solid pace of expansion. This earns a growth score of 58/100.

Leverage

PAMPA ENERGIA S.A. has a moderate D/E ratio of 0.51. This balance of debt and equity financing earns a leverage score of 61/100.

Liquidity

With a current ratio of 3.11, PAMPA ENERGIA S.A. holds $3.11 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 80/100.

Cash Flow

While PAMPA ENERGIA S.A. generated $778.0M in operating cash flow, capex of $993.0M consumed most of it, leaving -$215.0M in free cash flow. This results in a low score of 13/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Not available for PAMPA ENERGIA S.A., and counted as zero in the overall score.

Piotroski F-Score Partial

7/8

PAMPA ENERGIA S.A. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.06x

For every $1 of reported earnings, PAMPA ENERGIA S.A. generates $2.06 in operating cash flow ($778.0M OCF vs $378.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q3 2025.

Cash & Balance Sheet

Cash & Debt

$738.0M

YoY+331.6%

QoQ+331.6%

PAMPA ENERGIA S.A. held $738.0M in cash against $2.1B in long-term debt as of Q3 2025.

Shares Outstanding

1.36B

YoY0.0%

QoQ0.0%

PAMPA ENERGIA S.A. had 1.36B shares outstanding in Q3 2025. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q3 2025.

Dividends Per Share

Not reported for Q3 2025.

Margins & Returns

None of these metrics is reported for Q3 2025.

Capital Allocation

None of these metrics is reported for Q3 2025.

PAM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PAM quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Revenue	$2.0B+6.5%	$1.9B+8.3%	$1.7B-5.3%	$1.8B+21.3%	$1.5B+40.5%	$1.1B-19.9%	$1.3B-6.7%	$1.4B-34.0%	$2.2B
Interest Expense	$79.0M-56.1%	$180.0M-49.4%	$356.0M+64.8%	$216.0M+21.3%	$178.0M+4.7%	$170.0M+192.9%	-$183.0M-202.2%	$179.0M-21.5%	$228.0M
Income Tax	$204.0M+268.6%	-$121.0M-138.1%	$318.0M+156.5%	$124.0M+61.0%	$77.0M+120.0%	$35.0M+126.9%	-$130.0M-306.3%	-$32.0M-23.1%	-$26.0M
Net Income	$378.0M-38.9%	$619.0M+103.0%	$305.0M-33.3%	$457.0M+92.0%	$238.0M+150.9%	-$468.0M-158.5%	$800.0M+178.7%	$287.0M-24.1%	$378.0M
EPS (Basic)	N/A	N/A	$0.22-33.3%	$0.33+50.0%	$0.22+175.0%	$0.08-75.8%	$0.33	N/A	N/A
EPS (Diluted)	N/A	N/A	$0.22-33.3%	$0.33+50.0%	$0.22	N/A	N/A	N/A	N/A

Metric	Q3'2510-K	Q3'2410-K	Q3'2310-K	Q3'2210-K	Q3'2110-K	Q3'2010-K	Q3'1910-K	Q3'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

PAM Balance Sheet

PAM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Total Assets	$6.6B+3.9%	$6.3B+34.4%	$4.7B-0.4%	$4.7B+22.8%	$3.9B-21.0%	$4.9B-14.0%	$5.7B+0.2%	$5.7B+0.3%	$5.7B
Current Assets	$2.0B-16.5%	$2.4B+78.1%	$1.3B-0.5%	$1.3B+19.4%	$1.1B+18.7%	$948.0M-30.4%	$1.4B-10.5%	$1.5B	N/A
Cash & Equivalents	$725.0M-1.8%	$738.0M+331.6%	$171.0M+61.3%	$106.0M-3.6%	$110.0M-22.0%	$141.0M-37.3%	$225.0M-6.6%	$241.0M+677.4%	$31.0M
Inventory	$231.0M+3.6%	$223.0M+8.8%	$205.0M+18.5%	$173.0M+11.6%	$155.0M+33.6%	$116.0M-24.2%	$153.0M+11.7%	$137.0M+21.2%	$113.0M
Accounts Receivable	$1.0M	N/A	N/A	N/A	N/A	$341.0M-39.2%	$561.0M-20.2%	$703.0M	N/A
Goodwill	$89.0M-6.3%	$95.0M-1.0%	$96.0M-30.4%	$138.0M+263.2%	$38.0M-7.3%	$41.0M-72.8%	$151.0M-6.2%	$161.0M	N/A
Total Liabilities	$3.0B-2.0%	$3.0B+32.1%	$2.3B-6.1%	$2.5B+18.7%	$2.1B-33.7%	$3.1B-4.7%	$3.3B-15.5%	$3.9B+5.2%	$3.7B
Current Liabilities	$639.0M-50.9%	$1.3B+149.9%	$521.0M-17.4%	$631.0M+84.5%	$342.0M-23.7%	$448.0M-47.5%	$854.0M-27.7%	$1.2B	N/A
Non-Current Liabilities	$2.4B+34.4%	$1.7B-2.2%	$1.8B-2.1%	$1.8B+5.7%	$1.7B+4.6%	$1.7B-31.8%	$2.4B-10.2%	$2.7B	N/A
Long-Term Debt	$1.8B-12.2%	$2.1B+43.6%	$1.4B-10.2%	$1.6B+12.2%	$1.4B+14280.0%	$10.0M-16.7%	$12.0M-99.4%	$2.2B+29.4%	$1.7B
Total Equity	$3.6B+9.4%	$3.3B+36.6%	$2.4B+5.6%	$2.3B+27.5%	$1.8B+1.2%	$1.8B-26.6%	$2.4B+34.2%	$1.8B-8.8%	$2.0B
Retained Earnings	$351.0M-52.7%	$742.0M+232.7%	$223.0M-53.2%	$477.0M+61.7%	$295.0M+179.3%	-$372.0M-151.2%	$726.0M+80.1%	$403.0M	N/A

Metric	Q3'2510-K	Q3'2410-K	Q3'2310-K	Q3'2210-K	Q3'2110-K	Q3'2010-K	Q3'1910-K	Q3'1810-K
Total Assets	$6.3B+34.4%	$4.7B-0.4%	$4.7B+22.8%	$3.9B-21.0%	$4.9B-14.0%	$5.7B+0.2%	$5.7B+0.3%	$5.7B
Current Assets	$2.4B+78.1%	$1.3B-0.5%	$1.3B+19.4%	$1.1B+18.7%	$948.0M-30.4%	$1.4B-10.5%	$1.5B	N/A
Cash & Equivalents	$738.0M+331.6%	$171.0M+61.3%	$106.0M-3.6%	$110.0M-22.0%	$141.0M-37.3%	$225.0M-6.6%	$241.0M+677.4%	$31.0M-55.1%
Inventory	$223.0M+8.8%	$205.0M+18.5%	$173.0M+11.6%	$155.0M+33.6%	$116.0M-24.2%	$153.0M+11.7%	$137.0M+21.2%	$113.0M-31.1%
Accounts Receivable	N/A	N/A	N/A	N/A	$341.0M-39.2%	$561.0M-20.2%	$703.0M	N/A
Goodwill	$95.0M-1.0%	$96.0M-30.4%	$138.0M+263.2%	$38.0M-7.3%	$41.0M-72.8%	$151.0M-6.2%	$161.0M	N/A
Total Liabilities	$3.0B+32.1%	$2.3B-6.1%	$2.5B+18.7%	$2.1B-33.7%	$3.1B-4.7%	$3.3B-15.5%	$3.9B+5.2%	$3.7B
Current Liabilities	$1.3B+149.9%	$521.0M-17.4%	$631.0M+84.5%	$342.0M-23.7%	$448.0M-47.5%	$854.0M-27.7%	$1.2B	N/A
Non-Current Liabilities	$1.7B-2.2%	$1.8B-2.1%	$1.8B+5.7%	$1.7B+4.6%	$1.7B-31.8%	$2.4B-10.2%	$2.7B	N/A
Long-Term Debt	$2.1B+43.6%	$1.4B-10.2%	$1.6B+12.2%	$1.4B+14280.0%	$10.0M-16.7%	$12.0M-99.4%	$2.2B+29.4%	$1.7B+32.6%
Total Equity	$3.3B+36.6%	$2.4B+5.6%	$2.3B+27.5%	$1.8B+1.2%	$1.8B-26.6%	$2.4B+34.2%	$1.8B-8.8%	$2.0B+22.5%
Retained Earnings	$742.0M+232.7%	$223.0M-53.2%	$477.0M+61.7%	$295.0M+179.3%	-$372.0M-151.2%	$726.0M+80.1%	$403.0M	N/A

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

PAM Cash Flow Statement

PAM quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Operating Cash Flow	$778.0M+78.9%	$435.0M-24.3%	$575.0M-7.1%	$619.0M-15.1%	$729.0M+5.2%	$693.0M-13.6%	$802.0M+31.5%	$610.0M+39.0%	$439.0M
Depreciation & Amortization	$414.0M+21.1%	$342.0M+28.1%	$267.0M+25.9%	$212.0M+3.4%	$205.0M0.0%	$205.0M+10.2%	$186.0M+12.7%	$165.0M-19.5%	$205.0M
Capital Expenditures	$993.0M+122.1%	$447.0M-41.0%	$758.0M+82.2%	$416.0M+101.9%	$206.0M+66.1%	$124.0M-70.9%	$426.0M-6.4%	$455.0M-6.2%	$485.0M
Free Cash Flow	-$215.0M-1691.7%	-$12.0M+93.4%	-$183.0M-190.1%	$203.0M-61.2%	$523.0M-8.1%	$569.0M+51.3%	$376.0M+142.6%	$155.0M+437.0%	-$46.0M
Investing Cash Flow	-$401.0M-16.6%	-$344.0M+22.9%	-$446.0M+22.4%	-$575.0M-21.3%	-$474.0M-85.9%	-$255.0M+30.9%	-$369.0M-2042.1%	$19.0M+102.2%	-$846.0M
Financing Cash Flow	-$390.0M-181.9%	$476.0M+935.1%	-$57.0M-23.9%	-$46.0M+86.5%	-$342.0M+23.1%	-$445.0M-14.1%	-$390.0M+17.0%	-$470.0M-226.3%	$372.0M
Share Buybacks	N/A	N/A	N/A	N/A	-$39.0M-62.5%	-$104.0M-31.1%	-$151.0M-55.7%	-$341.0M+11266.7%	-$3.0M

Metric	Q3'2510-K	Q3'2410-K	Q3'2310-K	Q3'2210-K	Q3'2110-K	Q3'2010-K	Q3'1910-K	Q3'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

PAM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PAM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Net Margin	18.9%-14.1pp	33.0%+15.4pp	17.6%-7.4pp	25.0%+9.2pp	15.8%+59.4pp	-43.6%-103.3pp	59.7%+39.7pp	20.0%+2.6pp	17.4%
Return on Equity	10.5%-8.3pp	18.8%+6.2pp	12.6%-7.4pp	20.0%+6.7pp	13.3%+39.8pp	-26.5%-59.7pp	33.2%+17.2pp	16.0%-3.2pp	19.2%
Return on Assets	5.7%-4.0pp	9.8%+3.3pp	6.5%-3.2pp	9.6%+3.5pp	6.2%+15.7pp	-9.6%-23.6pp	14.1%+9.0pp	5.1%-1.6pp	6.7%
Current Ratio	3.11+1.3x	1.83-0.7x	2.56+0.4x	2.13-1.2x	3.29+1.2x	2.12+0.5x	1.59+0.3x	1.29	N/A
Debt-to-Equity	0.51-0.1x	0.630.0x	0.60-0.1x	0.71-0.1x	0.80+0.8x	0.010.0x	0.01-1.2x	1.21+0.4x	0.85
Asset Turnover	0.300.0x	0.30-0.1x	0.370.0x	0.390.0x	0.39+0.2x	0.220.0x	0.240.0x	0.25-0.1x	0.38
FCF Margin	-10.8%-10.1pp	-0.6%+9.9pp	-10.6%-21.7pp	11.1%-23.6pp	34.7%-18.4pp	53.0%+25.0pp	28.1%+17.3pp	10.8%+12.9pp	-2.1%

Metric	Q3'2510-K	Q3'2410-K	Q3'2310-K	Q3'2210-K	Q3'2110-K	Q3'2010-K	Q3'1910-K	Q3'1810-K
Current Ratio	1.83-0.7x	2.56+0.4x	2.13-1.2x	3.29+1.2x	2.12+0.5x	1.59+0.3x	1.29	N/A
Debt-to-Equity	0.630.0x	0.60-0.1x	0.71-0.1x	0.80+0.8x	0.010.0x	0.01-1.2x	1.21+0.4x	0.85+0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
PAMPA ENERGIA S.A. PAM	FY2025	$2.0B	$378.0M	18.9%	$4.3B	35/100
KENON HOLDINGS LTD. KEN	FY2025	$871.9M	$148.3M	17.0%	$3.2B	48/100
NRG Energy, Inc. NRG	FY2025	$30.7B	$864.0M	2.8%	$20.0B	60/100
Vistra Corp. VST	FY2025	$17.7B	$944.0M	5.3%	$47.0B	62/100
Talen Energy Corporation TLN	FY2025	$2.6B	-$219.0M	-8.5%	$15.2B	34/100

Where PAMPA ENERGIA S.A. Ranks

Frequently Asked Questions

What is PAMPA ENERGIA S.A.'s annual revenue?

PAMPA ENERGIA S.A. (PAM) reported $2.0B in total revenue for fiscal year 2025. This represents a 6.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is PAMPA ENERGIA S.A.'s revenue growing?

PAMPA ENERGIA S.A. (PAM) revenue grew by 6.5% year-over-year, from $1.9B to $2.0B in fiscal year 2025.

Is PAMPA ENERGIA S.A. profitable?

Yes, PAMPA ENERGIA S.A. (PAM) reported a net income of $378.0M in fiscal year 2025, with a net profit margin of 18.9%.

How much debt does PAMPA ENERGIA S.A. have?

As of fiscal year 2025, PAMPA ENERGIA S.A. (PAM) had $725.0M in cash and equivalents against $1.8B in long-term debt.

What is PAMPA ENERGIA S.A.'s net profit margin?

PAMPA ENERGIA S.A. (PAM) had a net profit margin of 18.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is PAMPA ENERGIA S.A.'s return on equity (ROE)?

PAMPA ENERGIA S.A. (PAM) has a return on equity of 10.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is PAMPA ENERGIA S.A.'s free cash flow?

PAMPA ENERGIA S.A. (PAM) recorded an outflow of $215.0M in free cash flow during fiscal year 2025. This represents a -1691.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is PAMPA ENERGIA S.A.'s operating cash flow?

PAMPA ENERGIA S.A. (PAM) generated $778.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are PAMPA ENERGIA S.A.'s total assets?

PAMPA ENERGIA S.A. (PAM) had $6.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are PAMPA ENERGIA S.A.'s capital expenditures?

PAMPA ENERGIA S.A. (PAM) invested $993.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does PAMPA ENERGIA S.A. have outstanding?

PAMPA ENERGIA S.A. (PAM) had 1.36B shares outstanding as of fiscal year 2025.

What is PAMPA ENERGIA S.A.'s current ratio?

PAMPA ENERGIA S.A. (PAM) had a current ratio of 3.11 as of fiscal year 2025, which is generally considered healthy.

What is PAMPA ENERGIA S.A.'s debt-to-equity ratio?

PAMPA ENERGIA S.A. (PAM) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is PAMPA ENERGIA S.A.'s return on assets (ROA)?

PAMPA ENERGIA S.A. (PAM) had a return on assets of 5.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is PAMPA ENERGIA S.A.'s P/E ratio?

PAMPA ENERGIA S.A. (PAM) trades at 11.3x earnings, its market capitalization divided by net income of $378.0M net income, FY2025. The market capitalization is $4.3B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is PAMPA ENERGIA S.A.'s price-to-sales ratio?

PAMPA ENERGIA S.A. (PAM) trades at 2.1x sales, its market capitalization divided by revenue of $2.0B revenue, FY2025. The market capitalization is $4.3B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is PAMPA ENERGIA S.A.'s Piotroski F-Score?

PAMPA ENERGIA S.A. (PAM) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are PAMPA ENERGIA S.A.'s earnings high quality?

PAMPA ENERGIA S.A. (PAM) has an earnings quality ratio of 2.06x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is PAMPA ENERGIA S.A.?

PAMPA ENERGIA S.A. (PAM) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.