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Pbf Energy Inc Financials

PBF
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

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

Profitability Growth Leverage Liquidity Cash Flow Returns 29 / 100
Financial Profile 29/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
22

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.

Growth
14

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.

Leverage
94

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.

Liquidity
19

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.

Cash Flow
18

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.

Returns
4

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.

Piotroski F-Score Weak
2/9

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.

Earnings Quality Low Quality
0.49x

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.

Interest Coverage At Risk
-0.3x

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

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Earnings & Revenue

Revenue
$29.3B
YoY-11.4%
5Y CAGR+14.2%
10Y CAGR+8.4%

Pbf Energy Inc generated $29.3B in revenue in fiscal year 2025. This represents a decrease of 11.4% from the prior year.

EBITDA
$317.3M
YoY+193.1%
10Y CAGR-3.8%

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.

Net Income
-$158.5M
YoY+70.3%

Pbf Energy Inc reported -$158.5M in net income in fiscal year 2025. This represents an increase of 70.3% from the prior year.

EPS (Diluted)
$-1.39
YoY+69.8%

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

Free Cash Flow
-$783.2M
YoY-125.4%

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.

Cash & Debt
$527.9M
YoY-1.5%
5Y CAGR-20.0%
10Y CAGR-5.6%

Pbf Energy Inc held $527.9M in cash against $2.1B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
-1.9%
YoY-0.8pp
5Y CAGR+8.8pp
10Y CAGR-6.1pp

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.

Operating Margin
-0.2%
YoY+1.9pp
5Y CAGR+9.2pp
10Y CAGR-2.9pp

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.

Net Margin
-0.5%
YoY+1.1pp
5Y CAGR+8.7pp
10Y CAGR-1.7pp

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.

Return on Equity
-3.0%
YoY+6.7pp
5Y CAGR+81.8pp
10Y CAGR-11.9pp

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

R&D Spending
N/A
Share Buybacks
$0
YoY-100.0%

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.

Capital Expenditures
$705.2M
YoY+80.4%
5Y CAGR+29.2%
10Y CAGR+7.1%

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

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.

Pbf Energy Inc (PBF) revenue declined by 11.4% year-over-year, from $33.1B to $29.3B in fiscal year 2025.

No, Pbf Energy Inc (PBF) reported a net income of -$158.5M in fiscal year 2025, with a net profit margin of -0.5%.

Pbf Energy Inc (PBF) reported diluted earnings per share of $-1.39 for fiscal year 2025. This represents a 69.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Pbf Energy Inc (PBF) had EBITDA of $317.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Pbf Energy Inc (PBF) had $527.9M in cash and equivalents against $2.1B in long-term debt.

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.

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.

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.

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.

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.

Pbf Energy Inc (PBF) generated -$78.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Pbf Energy Inc (PBF) had $13.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Pbf Energy Inc (PBF) invested $705.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Pbf Energy Inc (PBF) had a current ratio of 1.21 as of fiscal year 2025, which is considered adequate.

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.

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.

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.

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.

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.

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.

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.

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