NYSE : PBF
PBF Energy Inc. — Financial statements
Energy · Oil & Gas Refining & Marketing · United States
Last price 78 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.53B
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Financial statements
PBF Energy Inc. (PBF) reported revenue of 38.85B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 38.85B | 29.33B | 33.12B | 38.32B | 46.83B | 27.25B |
| Cost of Revenue | 35.00B | 29.10B | 32.75B | 35.37B | 41.65B | 26.58B |
| Gross Profit | 3.86B | 228.40M | 366.90M | 2.96B | 5.18B | 671.10M |
| Selling, General & Admin | 461.10M | 331.00M | 258.00M | 361.80M | 459.90M | 239.50M |
| Operating Expenses | 1.10B | 975.70M | 885.80M | 933.30M | 971.00M | 706.30M |
| Operating Income | 2.75B | -747.30M | -518.90M | 2.03B | 4.21B | -35.20M |
| Interest Expense | -187.10M | -205.90M | -123.20M | -125.30M | -266.60M | -317.50M |
| Interest & Investment Income | 35.20M | 24.30M | 51.20M | 75.00M | 20.60M | |
| Earnings From Equity Investments | 77.00M | -62.20M | -56.10M | 879.80M | ||
| Other Non Operating Income (Expenses) | 1.10M | -2.00M | 8.50M | |||
| EBT Excluding Unusual Items | 2.68B | -991.10M | -647.00M | 2.86B | 3.96B | -344.20M |
| Gain (Loss) on Sale of Assets | -2.10M | 93.10M | -400.00K | 1.30M | -900.00K | 3.00M |
| Asset Writedown | 307.60M | -5.40M | -124.50M | 669.60M | ||
| Other Unusual Items | -113.10M | -163.70M | 3.30M | 28.60M | -404.70M | -800.00K |
| Pretax Income | 3.62B | -234.60M | -768.60M | 2.89B | 3.56B | 327.60M |
| Income Tax Expense | 884.90M | -74.10M | -228.40M | 723.80M | 584.80M | 12.10M |
| Earnings From Continuing Operations | 2.74B | -160.50M | -540.20M | 2.16B | 2.97B | 315.50M |
| Minority Interest in Earnings | -25.20M | 2.00M | 6.40M | -21.50M | -96.00M | -84.50M |
| Net Income | 2.71B | -158.50M | -533.80M | 2.14B | 2.88B | 231.00M |
| Preferred Dividends & Other Adjustments | 100.00K | 100.00K | 100.00K | |||
| Net Income to Common | 2.71B | -158.60M | -533.90M | 2.14B | 2.88B | 231.00M |
| Shares Outstanding (Basic) | 117.60M | 114.05M | 116.25M | 124.95M | 122.60M | 120.24M |
| Shares Outstanding (Diluted) | 120.04M | 114.92M | 117.11M | 130.51M | 126.86M | 122.64M |
| EPS (Basic) | 23.06 | -1.39 | -4.59 | 17.13 | 23.47 | 1.92 |
| EPS (Diluted) | 22.75 | -1.39 | -4.60 | 16.52 | 22.84 | 1.90 |
| Free Cash Flow | 2.58B | -783.20M | -347.50M | 678.90M | 4.14B | 228.20M |
| Free Cash Flow Per Share | 21.48 | -6.82 | -2.97 | 5.20 | 32.62 | 1.86 |
| Dividend Per Share | 1.10 | 1.10 | 1.02 | 0.85 | 0.20 | |
| Gross Margin | 9.93% | 0.78% | 1.11% | 7.72% | 11.07% | 2.46% |
| Operating Margin | 7.09% | -2.55% | -1.57% | 5.29% | 8.99% | -0.13% |
| Profit Margin | 6.98% | -0.54% | -1.61% | 5.58% | 6.14% | 0.85% |
| Free Cash Flow Margin | 6.64% | -2.67% | -1.05% | 1.77% | 8.84% | 0.84% |
| EBITDA | 3.04B | -456.10M | -234.20M | 2.30B | 4.48B | 227.50M |
| EBITDA Margin | 7.83% | -1.55% | -0.71% | 6.01% | 9.57% | 0.83% |
| D&A For EBITDA | 288.70M | 291.20M | 284.70M | 277.20M | 271.90M | 262.70M |
| EBIT | 2.75B | -747.30M | -518.90M | 2.03B | 4.21B | -35.20M |
| EBIT Margin | 7.09% | -2.55% | -1.57% | 5.29% | 8.99% | -0.13% |
| Effective Tax Rate | 24.43% | 25.08% | 16.44% | 3.69% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.54B | 527.90M | 536.10M | 1.78B | 2.20B | 1.34B |
| Cash & Short-Term Investments | 2.54B | 527.90M | 536.10M | 1.78B | 2.20B | 1.34B |
| Receivables | 2.07B | 1.16B | 1.16B | 1.33B | 1.44B | 1.27B |
| Inventory | 3.22B | 2.56B | 2.60B | 3.18B | 2.76B | 2.51B |
| Prepaid Expenses | 201.00M | 194.10M | 247.50M | 267.50M | 122.80M | 75.00M |
| Other Current Assets | 5.70M | 10.40M | 2.00M | 33.20M | 13.90M | 12.00M |
| Total Current Assets | 8.03B | 4.45B | 4.54B | 6.60B | 6.55B | 5.20B |
| Property, Plant & Equipment | 6.74B | 6.28B | 5.91B | 5.77B | 6.04B | 5.62B |
| Long-Term Investments | 896.90M | 826.30M | 866.80M | 881.00M | ||
| Other Intangible Assets | 8.60M | 9.10M | 9.60M | |||
| Long-Term Deferred Charges | 1.55B | 1.13B | 1.09B | 860.80M | 619.50M | 537.00M |
| Other Long-Term Assets | 19.10M | 332.60M | 292.90M | 273.60M | 334.10M | 276.30M |
| Total Assets | 17.23B | 13.02B | 12.70B | 14.39B | 13.55B | 11.64B |
| Accounts Payable | 776.60M | 801.20M | 735.60M | 959.00M | 854.60M | 911.70M |
| Accrued Expenses | 3.12B | 1.95B | 2.00B | 2.47B | 2.07B | 1.43B |
| Current Portion of Long-Term Debt | 20.70M | 524.20M | ||||
| Current Portion of Leases | 176.00M | 196.60M | 199.00M | 143.40M | 72.20M | 76.00M |
| Current Income Taxes Payable | 361.20M | 16.50M | ||||
| Current Unearned Revenue | 32.00M | 20.80M | 43.80M | 64.10M | 40.60M | 42.70M |
| Other Current Liabilities | 555.00M | 701.20M | 644.00M | 579.90M | 1.63B | 1.30B |
| Total Current Liabilities | 5.04B | 3.67B | 3.63B | 4.22B | 5.20B | 3.76B |
| Long-Term Debt | 2.10B | 2.15B | 1.46B | 1.25B | 1.43B | 4.24B |
| Long-Term Leases | 416.60M | 568.80M | 657.60M | 654.90M | 614.60M | 699.40M |
| Pension & Post-Retirement Benefits | 106.20M | 110.70M | 100.00M | 96.70M | 65.20M | |
| Long-Term Deferred Tax Liabilities | 1.16B | 763.60M | 836.00M | 1.07B | 535.40M | 111.40M |
| Other Long-Term Liabilities | 417.50M | 313.80M | 336.90M | 465.10M | 614.80M | 235.50M |
| Total Liabilities | 9.13B | 7.57B | 7.02B | 7.76B | 8.49B | 9.11B |
| Common Stock | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K |
| Additional Paid-In Capital | 3.51B | 3.40B | 3.34B | 3.28B | 3.20B | 2.87B |
| Retained Earnings | 5.69B | 3.15B | 3.44B | 4.09B | 2.06B | -796.10M |
| Treasury Stock | -1.25B | -1.24B | -1.22B | -868.20M | -327.00M | -169.10M |
| Comprehensive Income & Other | 10.30M | 9.80M | -8.00M | -12.30M | -1.50M | 17.30M |
| Total Common Equity | 7.96B | 5.32B | 5.54B | 6.49B | 4.93B | 1.93B |
| Minority Interest | 147.80M | 130.40M | 134.40M | 143.00M | 126.80M | 606.60M |
| Shareholders' Equity | 8.10B | 5.45B | 5.68B | 6.63B | 5.06B | 2.53B |
| Total Liabilities & Equity | 17.23B | 13.02B | 12.70B | 14.39B | 13.55B | 11.64B |
| Total Debt | 2.71B | 2.91B | 2.31B | 2.04B | 2.64B | 5.01B |
| Net Cash (Debt) | -166.70M | -2.39B | -1.78B | -260.70M | -438.30M | -3.67B |
| Net Cash Per Share | -1.39 | -20.76 | -15.18 | -2.00 | -3.45 | -29.94 |
| Filing Date Shares Outstanding | 121.33M | 116.93M | 115.31M | 119.56M | 128.98M | 120.34M |
| Total Common Shares Outstanding | 121.33M | 116.94M | 115.31M | 120.44M | 129.64M | 120.32M |
| Working Capital | 2.99B | 782.50M | 917.80M | 2.38B | 1.35B | 1.44B |
| Book Value Per Share | 65.58 | 45.49 | 48.08 | 53.87 | 38.02 | 16.01 |
| Tangible Book Value | 7.96B | 5.32B | 5.54B | 6.48B | 4.92B | 1.92B |
| Tangible Book Value Per Share | 65.58 | 45.49 | 48.08 | 53.80 | 37.95 | 15.93 |
| Land | 519.20M | 527.90M | 530.90M | 533.60M | 533.60M | |
| Buildings | 210.40M | 212.10M | 205.40M | 128.70M | 128.10M | |
| Machinery | 268.50M | 258.30M | 221.50M | 184.40M | 176.80M | |
| Construction In Progress | 1.07B | 507.60M | 468.90M | 830.80M | 331.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.71B | -158.50M | -533.80M | 2.14B | 2.88B | 231.00M |
| Depreciation & Amortization | 288.70M | 291.20M | 284.70M | 277.20M | 271.90M | 262.70M |
| Other Amortization | 371.60M | 371.60M | 358.30M | 314.40M | 262.00M | 221.10M |
| Loss (Gain) From Sale of Assets | 2.10M | -93.10M | 400.00K | -1.30M | 900.00K | -3.00M |
| Asset Writedown & Restructuring Costs | -669.60M | |||||
| Loss (Gain) From Sale of Investments | 8.70M | -925.10M | ||||
| Loss (Gain) on Equity Investments | -77.00M | 62.20M | 47.40M | 45.30M | ||
| Stock-Based Compensation | 34.40M | 39.00M | 44.30M | 51.50M | 54.30M | 35.60M |
| Other Operating Activities | 111.80M | -186.20M | -197.00M | 563.20M | 965.10M | 130.90M |
| Change in Accounts Receivable | -944.00M | -1.70M | 197.50M | 93.80M | -178.80M | -764.70M |
| Change in Inventory | -472.40M | -280.80M | 587.90M | -409.00M | -258.50M | -149.30M |
| Change in Accounts Payable | -33.90M | 3.50M | -196.70M | 124.70M | -95.70M | 480.70M |
| Change in Unearned Revenue | 3.30M | -23.00M | -20.30M | 23.50M | -2.10M | -4.50M |
| Change in Other Net Operating Assets | 1.51B | -102.20M | -538.00M | -960.20M | 876.10M | 706.40M |
| Operating Cash Flow | 3.51B | -78.00M | 43.40M | 1.34B | 4.77B | 477.30M |
| Capital Expenditures | -931.00M | -705.20M | -390.90M | -659.60M | -633.30M | -249.10M |
| Sale of Property, Plant & Equipment | 170.30M | 4.40M | 7.20M | |||
| Investment in Securities | -300.00K | -21.60M | -33.20M | 830.60M | ||
| Other Investing Activities | 202.70M | 76.30M | -617.40M | -514.00M | -377.60M | -146.60M |
| Investing Cash Flow | -728.60M | -480.20M | -1.04B | -338.60M | -1.01B | -388.50M |
| Long-Term Debt Issued | 4.13B | 323.20M | 509.60M | 402.10M | ||
| Long-Term Debt Repaid | -3.44B | -124.10M | -1.21B | -2.80B | -303.70M | |
| Total Debt Repaid | -3.12B | -3.44B | -124.10M | -1.21B | -2.80B | -303.70M |
| Net Debt Issued (Repaid) | -646.80M | 686.30M | 199.10M | -698.80M | -2.40B | -303.70M |
| Issuance of Common Stock | 101.20M | 2.90M | 1.40M | 38.30M | 67.80M | |
| Repurchase of Common Stock | -329.10M | -532.50M | -156.40M | -4.60M | ||
| Common Dividends Paid | -128.00M | -125.60M | -119.00M | -105.80M | -24.70M | |
| Other Financing Activities | -44.90M | -13.60M | -1.70M | -121.20M | -387.00M | -48.50M |
| Financing Cash Flow | -718.50M | 550.00M | -249.30M | -1.42B | -2.90B | -356.80M |
| Net Cash Flow | 2.06B | -8.20M | -1.25B | -420.10M | 862.10M | -268.00M |
| Free Cash Flow | 2.58B | -783.20M | -347.50M | 678.90M | 4.14B | 228.20M |
| Free Cash Flow Margin | 6.64% | -2.67% | -1.05% | 1.77% | 8.84% | 0.84% |
| Free Cash Flow Per Share | 21.48 | -6.82 | -2.97 | 5.20 | 32.62 | 1.86 |
| Levered Free Cash Flow | 1.74B | -469.65M | 53.59M | 170.20M | 2.86B | -217.54M |
| Unlevered Free Cash Flow | 1.86B | -340.96M | 130.59M | 248.51M | 3.02B | -19.10M |
| Cash Interest Paid | 163.60M | 156.90M | 93.10M | 103.60M | 249.70M | 307.00M |
| Cash Income Tax Paid | 109.50M | 4.00M | 17.70M | 299.00M | 148.90M | 5.70M |
| Change in Working Capital | 65.40M | -404.20M | 30.40M | -1.13B | 341.00M | 268.60M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.53B | 3.14B | 3.06B | 5.37B | 5.00B | 1.56B |
| Enterprise Value | 9.69B | 5.96B | 4.29B | 5.69B | 6.41B | 5.81B |
| Last Close Price | 78.00 | 26.63 | 24.94 | 40.22 | 36.58 | 11.58 |
| PE Ratio | 3.43 | 2.51 | 1.74 | 6.75 | ||
| Forward PE | 3.07 | 10.78 | 129.53 | 6.14 | 2.83 | 14.45 |
| PS Ratio | 0.25 | 0.11 | 0.09 | 0.14 | 0.11 | 0.06 |
| PB Ratio | 1.19 | 0.58 | 0.54 | 0.81 | 0.99 | 0.62 |
| P/TBV Ratio | 1.20 | 0.59 | 0.55 | 0.83 | 1.01 | 0.81 |
| P/FCF Ratio | 3.70 | 7.91 | 1.21 | 6.83 | ||
| P/OCF Ratio | 2.71 | 70.43 | 4.01 | 1.05 | 3.27 | |
| PEG Ratio | 0.06 | 0.06 | 0.06 | 0.14 | 1.28 | |
| EV/Sales Ratio | 0.25 | 0.20 | 0.13 | 0.15 | 0.14 | 0.21 |
| EV/EBITDA Ratio | 3.19 | 2.47 | 1.43 | 25.54 | ||
| EV/EBIT Ratio | 3.52 | 2.81 | 1.52 | |||
| EV/FCF Ratio | 3.76 | 8.38 | 1.55 | 25.46 | ||
| Debt / Equity Ratio | 0.34 | 0.54 | 0.41 | 0.31 | 0.52 | 1.98 |
| Debt / EBITDA Ratio | 0.78 | 14.64 | 0.76 | 0.56 | 10.73 | |
| Debt / FCF Ratio | 1.05 | 3.01 | 0.64 | 21.97 | ||
| Net Debt / Equity Ratio | 0.02 | 0.44 | 0.31 | 0.04 | 0.09 | 1.45 |
| Net Debt / EBITDA Ratio | 0.06 | -5.23 | -7.59 | 0.11 | 0.10 | 16.14 |
| Net Debt / FCF Ratio | 0.07 | -3.05 | -5.12 | 0.38 | 0.11 | 16.09 |
| Asset Turnover | 2.57 | 2.28 | 2.44 | 2.74 | 3.72 | 2.46 |
| Inventory Turnover | 11.75 | 11.28 | 11.34 | 11.89 | 15.81 | 12.69 |
| Quick Ratio | 0.91 | 0.46 | 0.47 | 0.74 | 0.70 | 0.69 |
| Current Ratio | 1.59 | 1.21 | 1.25 | 1.56 | 1.26 | 1.38 |
| Return on Equity (ROE) | 40.65% | -2.88% | -8.78% | 37.00% | 78.35% | 13.33% |
| Return on Assets (ROA) | 11.38% | -3.63% | -2.39% | 9.06% | 20.90% | -0.20% |
| Return on Invested Capital (ROIC) | 25.33% | -9.77% | -7.23% | 24.50% | 60.16% | -0.55% |
| Return on Capital Employed (ROCE) | 22.60% | -8.00% | -5.70% | 19.90% | 50.40% | -0.40% |
| Earnings Yield | 29.17% | -5.04% | -17.46% | 39.85% | 57.58% | 14.81% |
| FCF Yield | 27.06% | -24.93% | -11.37% | 12.64% | 82.83% | 14.63% |
| Dividend Yield | 1.67% | 4.09% | 3.87% | 1.91% | 0.52% | |
| Payout Ratio | 5.05% | 4.94% | 0.86% | |||
| Buyback Yield / Dilution | -5.39% | 1.88% | 10.27% | -2.88% | -3.44% | -1.64% |
| Total Shareholder Return | -3.72% | 5.97% | 14.13% | -0.97% | -2.92% | -1.64% |