Ypf Sa Financials

YPF

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Ypf Sa (YPF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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 YPF FY2025 2026-04-22

Operating cash generation is supporting a tight working-capital posture while reported earnings swing with tax-driven noise.

Across FY2023-FY2025, operating cash flow stayed above $4.9B even as net income moved from loss to profit and back to loss, which signals a wide separation between accounting earnings and the underlying cash engine. In FY2025, a $1.7B tax expense helped produce the reported loss, so the earnings swing says more about below-the-line volatility than about core cash generation.

Only $273M sits in long-term debt against total liabilities of $18.4B, so the balance sheet is not heavily debt-funded and many obligations appear to come from operations rather than lenders. Yet liquidity is tighter than solvency: current assets of $6.5B trail current liabilities of $7.4B, which means day-to-day funding depends on turnover more than on a large cash cushion.

The business is also capital intensive: FY2025 investing outflows of $5.5B exceeded operating cash flow of $5.0B. That helps explain why cash remained modest at $933M; internally generated cash is being recycled back into the asset base instead of accumulating on the balance sheet.

Financial Health Signals

Financial health score pending refresh

We are recalculating Ypf Sa's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

Ypf Sa passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-6.21x

For every $1 of reported earnings, Ypf Sa generates $-6.21 in operating cash flow ($5.0B OCF vs -$799.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$18.4B

YoY-4.4%

5Y CAGR+13.7%

Ypf Sa generated $18.4B in revenue in fiscal year 2025. This represents a decrease of 4.4% from the prior year.

EBITDA

N/A

Net Income

-$799.0M

YoY-133.4%

Ypf Sa reported -$799.0M in net income in fiscal year 2025. This represents a decrease of 133.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$933.0M

YoY-16.5%

5Y CAGR+7.5%

Ypf Sa held $933.0M in cash against $273.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

393M

YoY+0.0%

5Y CAGR+0.0%

Ypf Sa had 393M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-4.3%

YoY-16.7pp

5Y CAGR+6.2pp

Ypf Sa's net profit margin was -4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 16.7 percentage points from the prior year.

Return on Equity

-7.2%

YoY-27.4pp

5Y CAGR+5.3pp

Ypf Sa's ROE was -7.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 27.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$10.0M

5Y CAGR+10.8%

Ypf Sa spent $10.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

YPF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$18.4B-4.4%	$19.3B+11.4%	$17.3B-7.7%	$18.8B+37.1%	$13.7B+41.2%	$9.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$57.0M-6.6%	$61.0M-4.7%	$64.0M+4.9%	$61.0M+32.6%	$46.0M-34.3%	$70.0M
Income Tax	$1.7B+224.5%	-$1.4B-260.4%	-$381.0M-146.4%	$822.0M+17.6%	$699.0M+279.9%	$184.0M
Net Income	-$799.0M-133.4%	$2.4B+287.4%	-$1.3B-157.2%	$2.2B+13862.5%	$16.0M+101.6%	-$1.0B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

YPF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$29.4B+0.2%	$29.4B+17.4%	$25.0B-3.4%	$25.9B+11.3%	$23.3B+1.8%	$22.9B
Current Assets	$6.5B-4.7%	$6.8B+53.2%	$4.4B-13.8%	$5.1B+13.2%	$4.5B+16.6%	$3.9B
Cash & Equivalents	$933.0M-16.5%	$1.1B-0.4%	$1.1B+45.3%	$773.0M+26.5%	$611.0M-6.0%	$650.0M
Inventory	$1.4B-6.4%	$1.5B-8.1%	$1.7B-3.2%	$1.7B+15.9%	$1.5B+25.9%	$1.2B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B+108.7%	$531.0M+30.5%	$407.0M-4.0%	$424.0M-8.2%	$462.0M-5.7%	$490.0M
Total Liabilities	$18.4B+5.0%	$17.5B+9.6%	$16.0B+4.1%	$15.4B+2.2%	$15.0B+1.9%	$14.8B
Current Liabilities	$7.4B-14.2%	$8.7B+76.3%	$4.9B+2.9%	$4.8B+25.5%	$3.8B-13.6%	$4.4B
Long-Term Debt	$273.0M-32.8%	$406.0M+24.9%	$325.0M+19.5%	$272.0M-1.4%	$276.0M-4.2%	$288.0M
Total Equity	$11.0B-7.0%	$11.9B+31.1%	$9.1B-14.2%	$10.6B+27.7%	$8.3B+1.6%	$8.1B
Retained Earnings	N/A	$7.1B+60.8%	$4.4B-25.3%	$5.9B+63.0%	$3.6B+3.5%	$3.5B

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$29.4B+0.2%	$29.4B+17.4%	$25.0B-3.4%	$25.9B+11.3%	$23.3B+1.8%	$22.9B	N/A
Current Assets	$6.5B-4.7%	$6.8B+53.2%	$4.4B-13.8%	$5.1B+13.2%	$4.5B+16.6%	$3.9B	N/A
Cash & Equivalents	$933.0M-16.5%	$1.1B-0.4%	$1.1B+45.3%	$773.0M+26.5%	$611.0M-6.0%	$650.0M-41.2%	$1.1B
Inventory	$1.4B-6.4%	$1.5B-8.1%	$1.7B-3.2%	$1.7B+15.9%	$1.5B+25.9%	$1.2B-11.5%	$1.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B+108.7%	$531.0M+30.5%	$407.0M-4.0%	$424.0M-8.2%	$462.0M-5.7%	$490.0M-22.1%	$629.0M
Total Liabilities	$18.4B+5.0%	$17.5B+9.6%	$16.0B+4.1%	$15.4B+2.2%	$15.0B+1.9%	$14.8B	N/A
Current Liabilities	$7.4B-14.2%	$8.7B+76.3%	$4.9B+2.9%	$4.8B+25.5%	$3.8B-13.6%	$4.4B	N/A
Long-Term Debt	$273.0M-32.8%	$406.0M+24.9%	$325.0M+19.5%	$272.0M-1.4%	$276.0M-4.2%	$288.0M-96.7%	$8.8B
Total Equity	$11.0B-7.0%	$11.9B+31.1%	$9.1B-14.2%	$10.6B+27.7%	$8.3B+1.6%	$8.1B-11.3%	$9.2B
Retained Earnings	N/A	$7.1B+60.8%	$4.4B-25.3%	$5.9B+63.0%	$3.6B+3.5%	$3.5B	N/A

YPF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$5.0B-15.5%	$5.9B-0.7%	$5.9B+3.9%	$5.7B+35.5%	$4.2B+44.1%	$2.9B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$5.5B-0.3%	-$5.5B-3.4%	-$5.3B-32.8%	-$4.0B-57.7%	-$2.5B-67.9%	-$1.5B
Financing Cash Flow	$517.0M+276.5%	-$293.0M-205.4%	$278.0M+122.7%	-$1.2B+23.3%	-$1.6B+5.8%	-$1.7B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$10.0M	N/A	N/A	$28.0M	N/A	$6.0M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A

YPF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-4.3%-16.7pp	12.4%+19.8pp	-7.4%-19.3pp	11.9%+11.8pp	0.1%+10.7pp	-10.5%
Return on Equity	-7.2%-27.4pp	20.2%+34.3pp	-14.1%-35.3pp	21.2%+21.0pp	0.2%+12.8pp	-12.6%
Return on Assets	-2.7%-10.8pp	8.1%+13.2pp	-5.1%-13.7pp	8.6%+8.5pp	0.1%+4.5pp	-4.5%
Current Ratio	0.87+0.1	0.78-0.1	0.90-0.2	1.08-0.1	1.19+0.3	0.88
Debt-to-Equity	0.020.0	0.030.0	0.04+0.0	0.030.0	0.030.0	0.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.87+0.1	0.78-0.1	0.90-0.2	1.08-0.1	1.19+0.3	0.88	N/A
Debt-to-Equity	0.020.0	0.030.0	0.04+0.0	0.030.0	0.030.0	0.04-0.9	0.96
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.87), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Ypf Sa's annual revenue?

Ypf Sa (YPF) reported $18.4B in total revenue for fiscal year 2025. This represents a -4.4% 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 Ypf Sa's revenue growing?

Ypf Sa (YPF) revenue declined by 4.4% year-over-year, from $19.3B to $18.4B in fiscal year 2025.

Is Ypf Sa profitable?

No, Ypf Sa (YPF) reported a net income of -$799.0M in fiscal year 2025, with a net profit margin of -4.3%.

How much debt does Ypf Sa have?

As of fiscal year 2025, Ypf Sa (YPF) had $933.0M in cash and equivalents against $273.0M in long-term debt.

What is Ypf Sa's net profit margin?

Ypf Sa (YPF) had a net profit margin of -4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ypf Sa's return on equity (ROE)?

Ypf Sa (YPF) has a return on equity of -7.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Ypf Sa's operating cash flow?

Ypf Sa (YPF) generated $5.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ypf Sa's total assets?

Ypf Sa (YPF) had $29.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Ypf Sa buy back shares?

Yes, Ypf Sa (YPF) spent $10.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Ypf Sa have outstanding?

Ypf Sa (YPF) had 393M shares outstanding as of fiscal year 2025.

What is Ypf Sa's current ratio?

Ypf Sa (YPF) had a current ratio of 0.87 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Ypf Sa's debt-to-equity ratio?

Ypf Sa (YPF) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ypf Sa's return on assets (ROA)?

Ypf Sa (YPF) had a return on assets of -2.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ypf Sa's Piotroski F-Score?

Ypf Sa (YPF) has a Piotroski F-Score of 5 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 Ypf Sa's earnings high quality?

Ypf Sa (YPF) has an earnings quality ratio of -6.21x, considered mixed 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.