Pampa Energia Financials
Pampa Energia (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).
Pampa Energía is converting operations into cash, but a rising reinvestment cycle is absorbing that cash before it becomes free.
Between FY2024 and FY2025, earnings quality flipped: net income fell from$619M to$378M . Yet operating cash flow rose from$435M to$778M , implying the business became more cash-generative than the income statement suggests even as reported profit normalized.
The clearest multi-year pattern is persistent positive operating cash flow with negative free cash flow in three straight years, which means the business itself is producing cash even while shareholders do not yet see that cash as surplus. In FY2025, capex reached
Balance-sheet capacity improved rather than tightened: debt-to-equity moved from 0.8x in FY2021 to 0.5x in FY2025, so expansion was not matched by a similar rise in leverage. Cash of
Financial Health Signals
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 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.
Not available for Pampa Energia, and counted as zero in the overall score.
Pampa Energia's revenue grew 6.5% year-over-year to $2.0B, a solid pace of expansion. This earns a growth score of 58/100.
Pampa Energia has a moderate D/E ratio of 0.51. This balance of debt and equity financing earns a leverage score of 60/100.
With a current ratio of 3.11, Pampa Energia holds $3.11 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 78/100.
While Pampa Energia 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 17/100, reflecting heavy capital investment rather than weak cash generation.
Not available for Pampa Energia, and counted as zero in the overall score.
Pampa Energia 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.
For every $1 of reported earnings, Pampa Energia 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
Earnings & Revenue
Pampa Energia generated $2.0B in revenue in fiscal year 2025. This represents an increase of 6.5% from the prior year.
Pampa Energia reported $378.0M in net income in fiscal year 2025. This represents a decrease of 38.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Pampa Energia recorded an outflow of $215.0M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 1691.7% from the prior year.
Pampa Energia held $725.0M in cash against $1.8B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Pampa Energia's net profit margin was 18.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 14.1 percentage points from the prior year.
Pampa Energia's ROE was 10.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Pampa Energia invested $993.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 122.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| 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+36.2% | $58.0M-70.9% | $199.0M+498.0% | -$50.0M+73.5% | -$189.0M-125.0% | -$84.0M-863.6% | $11.0M+102.0% | -$559.0M-1744.1% | $34.0M |
| 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 (Diluted) | N/A | N/A | $0.22-33.3% | $0.33+50.0% | $0.22 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
PAM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
PAM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
Not reported in any period shown, so not listed: Dividends Paid.
PAM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
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Where Pampa Energia Ranks
Frequently Asked Questions
What is Pampa Energia's annual revenue?
Pampa Energia (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 revenue growing?
Pampa Energia (PAM) revenue grew by 6.5% year-over-year, from $1.9B to $2.0B in fiscal year 2025.
Is Pampa Energia profitable?
Yes, Pampa Energia (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 have?
As of fiscal year 2025, Pampa Energia (PAM) had $725.0M in cash and equivalents against $1.8B in long-term debt.
What is Pampa Energia's net profit margin?
Pampa Energia (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 return on equity (ROE)?
Pampa Energia (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 free cash flow?
Pampa Energia (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 operating cash flow?
Pampa Energia (PAM) generated $778.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pampa Energia's total assets?
Pampa Energia (PAM) had $6.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pampa Energia's capital expenditures?
Pampa Energia (PAM) invested $993.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Pampa Energia's current ratio?
Pampa Energia (PAM) had a current ratio of 3.11 as of fiscal year 2025, which is generally considered healthy.
What is Pampa Energia's debt-to-equity ratio?
Pampa Energia (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 return on assets (ROA)?
Pampa Energia (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 Piotroski F-Score?
Pampa Energia (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 earnings high quality?
Pampa Energia (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?
Pampa Energia (PAM) scores 36 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.