This page shows Pbf Energy Inc (PBF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Pbf Energy Inc has an operating margin of -0.2%, meaning the company retains $-0 of operating profit per $100 of revenue. This below-average margin results in a low score of 22/100, suggesting thin profitability after operating expenses. This is up from -2.1% the prior year.
Pbf Energy Inc's revenue declined 11.4% year-over-year, from $33.1B to $29.3B. This contraction results in a growth score of 14/100.
Pbf Energy Inc carries a low D/E ratio of 0.40, meaning only $0.40 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Pbf Energy Inc's current ratio of 1.21 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 19/100, which could limit financial flexibility.
While Pbf Energy Inc generated -$78.0M in operating cash flow, capex of $705.2M consumed most of it, leaving -$783.2M in free cash flow. This results in a low score of 18/100, reflecting heavy capital investment rather than weak cash generation.
Pbf Energy Inc generates a -3.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 4/100. This is up from -9.6% the prior year.
Pbf Energy Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Pbf Energy Inc generates $0.49 in operating cash flow (-$78.0M OCF vs -$158.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Pbf Energy Inc earns $-0.3 in operating income for every $1 of interest expense (-$54.3M vs $181.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Pbf Energy Inc generated $29.3B in revenue in fiscal year 2025. This represents a decrease of 11.4% from the prior year.
Pbf Energy Inc's EBITDA was $317.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 193.1% from the prior year.
Pbf Energy Inc reported -$158.5M in net income in fiscal year 2025. This represents an increase of 70.3% from the prior year.
Pbf Energy Inc earned $-1.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 69.8% from the prior year.
Cash & Balance Sheet
Pbf Energy Inc generated -$783.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 125.4% from the prior year.
Pbf Energy Inc held $527.9M in cash against $2.1B in long-term debt as of fiscal year 2025.
Margins & Returns
Pbf Energy Inc's gross margin was -1.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.
Pbf Energy Inc's operating margin was -0.2% in fiscal year 2025, reflecting core business profitability. This is up 1.9 percentage points from the prior year.
Pbf Energy Inc's net profit margin was -0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.1 percentage points from the prior year.
Pbf Energy Inc's ROE was -3.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 6.7 percentage points from the prior year.
Capital Allocation
Pbf Energy Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Pbf Energy Inc invested $705.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 80.4% from the prior year.
PBF Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.1B-6.7% | $7.7B+2.4% | $7.5B+5.8% | $7.1B-3.9% | $7.4B-12.3% | $8.4B-4.0% | $8.7B+1.0% | $8.6B |
| Cost of Revenue | $7.3B-4.5% | $7.6B+1.0% | $7.5B+0.6% | $7.5B-2.3% | $7.7B-11.7% | $8.7B-0.7% | $8.7B+3.6% | $8.4B |
| Gross Profit | -$132.0M-436.7% | $39.2M+167.6% | -$58.0M+86.2% | -$420.2M-36.2% | -$308.5M-7.0% | -$288.2M-4674.6% | $6.3M-97.1% | $218.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $107.6M+45.4% | $74.0M-7.8% | $80.3M+14.1% | $70.4M+5.4% | $66.8M+2.1% | $65.4M+0.6% | $65.0M+2.8% | $63.2M |
| Operating Income | $128.0M-55.2% | $285.9M+564.9% | $43.0M+108.4% | -$511.2M-33.4% | -$383.2M+0.8% | -$386.3M-417.8% | -$74.6M-151.4% | $145.1M |
| Interest Expense | $40.6M-19.3% | $50.3M-6.5% | $53.8M+45.8% | $36.9M+61.8% | $22.8M+6.5% | $21.4M+23.7% | $17.3M+64.8% | $10.5M |
| Income Tax | $8.6M-86.6% | $64.3M+1360.8% | -$5.1M+96.4% | -$141.9M-25.9% | -$112.7M+4.6% | -$118.1M-366.8% | -$25.3M-191.3% | $27.7M |
| Net Income | $78.4M-53.9% | $170.1M+3371.2% | -$5.2M+98.7% | -$401.8M-38.9% | -$289.3M-1.2% | -$285.9M-338.5% | -$65.2M-161.2% | $106.6M |
| EPS (Diluted) | N/A | $1.45+3000.0% | $-0.05+98.6% | $-3.53 | N/A | $-2.49-344.6% | $-0.56-165.1% | $0.86 |
PBF Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.0B-0.2% | $13.0B+0.5% | $13.0B-0.4% | $13.0B+2.6% | $12.7B-3.3% | $13.1B-6.7% | $14.1B+1.9% | $13.8B |
| Current Assets | $4.5B-7.5% | $4.8B+0.9% | $4.8B-2.0% | $4.9B+7.0% | $4.5B-11.1% | $5.1B-15.5% | $6.0B+3.9% | $5.8B |
| Cash & Equivalents | $527.9M+9.5% | $482.0M-18.4% | $590.7M+26.1% | $468.6M-12.6% | $536.1M-45.1% | $976.7M-28.6% | $1.4B-5.2% | $1.4B |
| Inventory | $2.6B-6.5% | $2.7B-1.0% | $2.8B-4.2% | $2.9B+11.4% | $2.6B-0.4% | $2.6B-9.0% | $2.9B-0.9% | $2.9B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.6B-1.4% | $7.7B-1.1% | $7.8B-0.2% | $7.8B+10.8% | $7.0B-1.2% | $7.1B-7.3% | $7.7B+6.4% | $7.2B |
| Current Liabilities | $3.7B+4.9% | $3.5B-3.7% | $3.6B-3.7% | $3.8B+4.0% | $3.6B-5.2% | $3.8B-10.1% | $4.3B+12.5% | $3.8B |
| Long-Term Debt | $2.1B-10.3% | $2.4B+0.2% | $2.4B+6.8% | $2.2B+53.5% | $1.5B+16.2% | $1.3B+0.2% | $1.3B+0.2% | $1.2B |
| Total Equity | $5.3B+1.6% | $5.2B+2.9% | $5.1B-0.6% | $5.1B-7.7% | $5.5B-5.7% | $5.9B-6.1% | $6.3B-3.0% | $6.5B |
| Retained Earnings | $3.1B+1.5% | $3.1B+4.7% | $3.0B-1.2% | $3.0B-12.6% | $3.4B-8.5% | $3.8B-7.7% | $4.1B-2.3% | $4.2B |
PBF Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $366.6M+1326.5% | $25.7M-86.6% | $191.1M+128.9% | -$661.4M-100.6% | -$329.7M-384.9% | -$68.0M-116.0% | $425.3M+2591.8% | $15.8M |
| Capital Expenditures | $289.6M+95.0% | $148.5M-4.9% | $156.1M+40.6% | $111.0M+15.6% | $96.0M-5.7% | $101.8M+90.3% | $53.5M-61.7% | $139.6M |
| Free Cash Flow | $77.0M+162.7% | -$122.8M-450.9% | $35.0M+104.5% | -$772.4M-81.4% | -$425.7M-150.7% | -$169.8M-145.7% | $371.8M+400.3% | -$123.8M |
| Investing Cash Flow | -$20.8M+76.4% | -$88.1M+42.7% | -$153.8M+29.3% | -$217.5M+8.0% | -$236.5M-26.2% | -$187.4M+43.8% | -$333.2M-17.2% | -$284.4M |
| Financing Cash Flow | -$299.9M-547.7% | -$46.3M-154.6% | $84.8M-89.5% | $811.4M+546.0% | $125.6M+193.0% | -$135.1M+18.8% | -$166.4M-126.7% | -$73.4M |
| Dividends Paid | $32.0M+0.6% | $31.8M0.0% | $31.8M-1.2% | $32.2M+1.9% | $31.6M+9.3% | $28.9M-2.4% | $29.6M-0.7% | $29.8M |
| Share Buybacks | $0 | $0 | $0 | $0-100.0% | $29.0M-61.3% | $75.0M-25.1% | $100.1M-19.9% | $125.0M |
PBF Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -1.8%-2.4pp | 0.5%+1.3pp | -0.8%+5.2pp | -5.9%-1.7pp | -4.2%-0.8pp | -3.4%-3.5pp | 0.1%-2.5pp | 2.5% |
| Operating Margin | 1.8%-2.0pp | 3.7%+3.2pp | 0.6%+7.8pp | -7.2%-2.0pp | -5.2%-0.6pp | -4.6%-3.8pp | -0.9%-2.5pp | 1.7% |
| Net Margin | 1.1%-1.1pp | 2.2%+2.3pp | -0.1%+5.6pp | -5.7%-1.8pp | -3.9%-0.5pp | -3.4%-2.7pp | -0.8%-2.0pp | 1.2% |
| Return on Equity | 1.5%-1.8pp | 3.3%+3.4pp | -0.1%+7.8pp | -7.9%-2.6pp | -5.2%-0.4pp | -4.9%-3.8pp | -1.0%-2.7pp | 1.7% |
| Return on Assets | 0.6%-0.7pp | 1.3%+1.3pp | -0.0%+3.0pp | -3.1%-0.8pp | -2.3%-0.1pp | -2.2%-1.7pp | -0.5%-1.2pp | 0.8% |
| Current Ratio | 1.21-0.2 | 1.38+0.1 | 1.31+0.0 | 1.29+0.0 | 1.25-0.1 | 1.34-0.1 | 1.42-0.1 | 1.54 |
| Debt-to-Equity | 0.40-0.1 | 0.46-0.0 | 0.47+0.0 | 0.44+0.2 | 0.26+0.0 | 0.21+0.0 | 0.200.0 | 0.19 |
| FCF Margin | 1.1%+2.7pp | -1.6%-2.1pp | 0.5%+11.4pp | -10.9%-5.1pp | -5.8%-3.8pp | -2.0%-6.3pp | 4.3%+5.7pp | -1.4% |
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Frequently Asked Questions
What is Pbf Energy Inc's annual revenue?
Pbf Energy Inc (PBF) reported $29.3B in total revenue for fiscal year 2025. This represents a -11.4% 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 Pbf Energy Inc's revenue growing?
Pbf Energy Inc (PBF) revenue declined by 11.4% year-over-year, from $33.1B to $29.3B in fiscal year 2025.
Is Pbf Energy Inc profitable?
No, Pbf Energy Inc (PBF) reported a net income of -$158.5M in fiscal year 2025, with a net profit margin of -0.5%.
What is Pbf Energy Inc's EBITDA?
Pbf Energy Inc (PBF) had EBITDA of $317.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Pbf Energy Inc have?
As of fiscal year 2025, Pbf Energy Inc (PBF) had $527.9M in cash and equivalents against $2.1B in long-term debt.
What is Pbf Energy Inc's gross margin?
Pbf Energy Inc (PBF) had a gross margin of -1.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Pbf Energy Inc's operating margin?
Pbf Energy Inc (PBF) had an operating margin of -0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Pbf Energy Inc's net profit margin?
Pbf Energy Inc (PBF) had a net profit margin of -0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Pbf Energy Inc's return on equity (ROE)?
Pbf Energy Inc (PBF) has a return on equity of -3.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Pbf Energy Inc's free cash flow?
Pbf Energy Inc (PBF) generated -$783.2M in free cash flow during fiscal year 2025. This represents a -125.4% 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 Pbf Energy Inc's operating cash flow?
Pbf Energy Inc (PBF) generated -$78.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pbf Energy Inc's total assets?
Pbf Energy Inc (PBF) had $13.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pbf Energy Inc's capital expenditures?
Pbf Energy Inc (PBF) invested $705.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Pbf Energy Inc's current ratio?
Pbf Energy Inc (PBF) had a current ratio of 1.21 as of fiscal year 2025, which is considered adequate.
What is Pbf Energy Inc's debt-to-equity ratio?
Pbf Energy Inc (PBF) had a debt-to-equity ratio of 0.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pbf Energy Inc's return on assets (ROA)?
Pbf Energy Inc (PBF) had a return on assets of -1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pbf Energy Inc's cash runway?
Based on fiscal year 2025 data, Pbf Energy Inc (PBF) had $527.9M in cash against an annual operating cash burn of $78.0M. This gives an estimated cash runway of approximately 81 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Pbf Energy Inc's Piotroski F-Score?
Pbf Energy Inc (PBF) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pbf Energy Inc's earnings high quality?
Pbf Energy Inc (PBF) has an earnings quality ratio of 0.49x, considered low quality (accrual-driven). 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.
Can Pbf Energy Inc cover its interest payments?
Pbf Energy Inc (PBF) has an interest coverage ratio of -0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Pbf Energy Inc?
Pbf Energy Inc (PBF) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.