NYSE : YPF
YPF Sociedad Anónima — Financial statements
Energy · Oil & Gas Integrated · Argentina
Last price 47.27 USD (Oct 30, 2026, 9:42 AM EDT) · Market cap 19.88B
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Financial statements
YPF Sociedad Anónima (YPF) reported revenue of 29.63T ARS (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in ARS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 29.63T | 23.24T | 17.90T | 5.48T | 2.53T | 1.32T |
| Cost of Revenue | 17.65T | 16.78T | 12.93T | 4.52T | 1.88T | 1.02T |
| Gross Profit | 11.97T | 6.46T | 4.96T | 969.49B | 650.78B | 294.87B |
| Selling, General & Admin | 3.03T | 2.33T | 1.74T | 564.86B | 209.07B | 133.46B |
| Other Operating Expenses | 1.12T | 1.54T | 1.12T | 227.05B | 145.38B | 64.05B |
| Operating Expenses | 4.27T | 4.02T | 3.09T | 811.91B | 363.44B | 199.94B |
| Operating Income | 7.70T | 2.43T | 1.87T | 157.57B | 287.34B | 94.93B |
| Interest Expense | -998.70B | -847.45B | -608.97B | -227.09B | -90.15B | -71.87B |
| Interest & Investment Income | 187.39B | 105.01B | 112.75B | 134.76B | 44.70B | 16.88B |
| Earnings From Equity Investments | 519.64B | 149.04B | 358.33B | -30.91B | 58.08B | 26.98B |
| Currency Exchange Gain (Loss) | -53.65B | -53.63B | -71.77B | 14.12B | 72.44B | 23.01B |
| Other Non Operating Income (Expenses) | -304.38B | -465.86B | -341.34B | -8.28B | -2.69B | -2.29B |
| EBT Excluding Unusual Items | 7.05T | 1.32T | 1.32T | 40.18B | 369.72B | 87.64B |
| Merger & Restructuring Charges | -115.97B | -115.93B | -274.11B | |||
| Gain (Loss) on Sale of Investments | 180.34B | 180.28B | 224.61B | 139.56B | 19.19B | 10.87B |
| Gain (Loss) on Sale of Assets | 735.69B | 735.45B | 6.61B | 7.58B | ||
| Asset Writedown | -788.50B | -788.23B | -360.71B | -1.61T | -18.43B | -11.26B |
| Legal Settlements | -36.77B | -36.75B | -90.88B | -12.47B | 28.70B | -34.59B |
| Other Unusual Items | 52.95B | 52.93B | 1.85B | |||
| Pretax Income | 7.08T | 1.35T | 830.86B | -1.45T | 399.18B | 63.60B |
| Income Tax Expense | 3.62T | 2.39T | -1.29T | 85.64B | 108.91B | 64.41B |
| Earnings From Continuing Operations | 3.47T | -1.05T | 2.12T | -1.53T | 290.26B | -808.00M |
| Minority Interest in Earnings | -42.51B | -39.45B | -45.33B | -28.47B | -1.21B | 1.06B |
| Net Income | 3.42T | -1.09T | 2.08T | -1.56T | 289.06B | 257.00M |
| Net Income to Common | 3.42T | -1.09T | 2.08T | -1.56T | 289.06B | 257.00M |
| Shares Outstanding (Basic) | 3.64B | 3.92B | 3.92B | 3.92B | 3.93B | 3.93B |
| Shares Outstanding (Diluted) | 3.64B | 3.92B | 3.92B | 3.92B | 3.93B | 3.93B |
| EPS (Basic) | 940.92 | -277.51 | 529.85 | -398.55 | 73.60 | 0.07 |
| EPS (Diluted) | 940.92 | -277.51 | 529.85 | -398.55 | 73.60 | 0.07 |
| Free Cash Flow | 5.63T | 41.89B | 213.43B | 183.27B | 204.53B | 165.21B |
| Free Cash Flow Per Share | 1,547.12 | 10.69 | 54.43 | 46.79 | 52.08 | 42.06 |
| Gross Margin | 40.41% | 27.78% | 27.74% | 17.68% | 25.76% | 22.41% |
| Operating Margin | 26.00% | 10.46% | 10.46% | 2.87% | 11.37% | 7.22% |
| Profit Margin | 11.55% | -4.68% | 11.61% | -28.47% | 11.44% | 0.02% |
| Free Cash Flow Margin | 18.99% | 0.18% | 1.19% | 3.34% | 8.10% | 12.56% |
| EBITDA | 11.38T | 6.07T | 4.17T | 1.08T | 631.62B | 367.45B |
| EBITDA Margin | 38.40% | 26.11% | 23.32% | 19.70% | 25.00% | 27.93% |
| D&A For EBITDA | 3.67T | 3.64T | 2.30T | 922.59B | 344.27B | 272.52B |
| EBIT | 7.70T | 2.43T | 1.87T | 157.57B | 287.34B | 94.93B |
| EBIT Margin | 26.00% | 10.46% | 10.46% | 2.87% | 11.37% | 7.22% |
| Effective Tax Rate | 51.06% | 177.85% | 27.28% | 101.27% | ||
| Advertising Expenses | 128.84B | 97.11B | 31.75B | 14.91B | 6.14B |
Balance sheet
Fiscal year January - December; amounts in ARS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.03T | 1.35T | 1.15T | 905.96B | 136.87B | 62.68B |
| Short-Term Investments | 2.54T | 121.07B | 43.46B | 40.98B | ||
| Trading Asset Securities | 380.57B | 401.38B | 91.60B | 13.03B | 10.03B | |
| Cash & Short-Term Investments | 5.57T | 1.73T | 1.55T | 1.12T | 193.36B | 113.69B |
| Accounts Receivable | 3.02T | 3.13T | 1.74T | 802.42B | 267.01B | 137.21B |
| Other Receivables | 1.37T | 683.39B | 352.31B | 185.48B | 98.84B | 31.39B |
| Receivables | 4.38T | 3.87T | 2.12T | 993.24B | 372.16B | 170.64B |
| Inventory | 2.38T | 2.10T | 1.59T | 1.36T | 307.77B | 153.93B |
| Prepaid Expenses | 56.75B | 43.52B | 26.95B | 7.19B | 9.00B | |
| Other Current Assets | 2.55T | 1.64T | 1.69T | 81.19B | 30.23B | 18.99B |
| Total Current Assets | 14.88T | 9.40T | 7.00T | 3.58T | 910.71B | 466.24B |
| Property, Plant & Equipment | 31.46T | 28.46T | 20.07T | 14.80T | 3.20T | 1.70T |
| Long-Term Investments | 3.42T | 2.33T | 2.02T | 1.36T | 372.84B | 159.46B |
| Other Intangible Assets | 1.29T | 1.55T | 505.83B | 296.52B | 68.05B | 43.01B |
| Long-Term Accounts Receivable | 4.57B | 130.26B | 12.77B | 25.20B | 3.27B | 6.45B |
| Long-Term Deferred Tax Assets | 36.60B | 13.05B | 339.49B | 14.17B | 3.01B | 1.92B |
| Other Long-Term Assets | 1.03T | 527.46B | 172.41B | 92.32B | 32.38B | 16.41B |
| Total Assets | 52.12T | 42.70T | 30.29T | 20.20T | 4.59T | 2.39T |
| Accounts Payable | 3.40T | 3.17T | 2.92T | 1.86T | 444.37B | 194.67B |
| Accrued Expenses | 1.17T | 862.01B | 643.23B | 292.96B | 83.32B | 41.90B |
| Short-Term Debt | 45.09B | 12.49B | 794.00M | |||
| Current Portion of Long-Term Debt | 2.41T | 3.42T | 1.96T | 1.17T | 189.32B | 85.89B |
| Current Portion of Leases | 494.07B | 432.44B | 381.15B | 274.83B | 52.06B | 27.29B |
| Current Income Taxes Payable | 1.88T | 105.23B | 130.35B | 25.14B | 4.71B | 1.34B |
| Current Unearned Revenue | 228.74B | 169.94B | 74.80B | 55.31B | 13.58B | 13.33B |
| Other Current Liabilities | 2.42T | 2.64T | 2.82T | 247.45B | 47.06B | 25.87B |
| Total Current Liabilities | 12.00T | 10.80T | 8.94T | 3.97T | 846.90B | 391.08B |
| Long-Term Debt | 13.22T | 11.93T | 7.25T | 5.39T | 1.05T | 670.53B |
| Long-Term Leases | 674.01B | 396.39B | 418.51B | 261.77B | 48.22B | 28.34B |
| Long-Term Unearned Revenue | 370.55B | 261.20B | 116.88B | 27.72B | ||
| Pension & Post-Retirement Benefits | 3.26B | |||||
| Long-Term Deferred Tax Liabilities | 725.85B | 541.03B | 92.70B | 1.00T | 306.71B | 185.18B |
| Other Long-Term Liabilities | 3.76T | 2.76T | 1.24T | 2.25T | 464.82B | 263.56B |
| Total Liabilities | 30.75T | 26.68T | 18.06T | 12.90T | 2.72T | 1.54T |
| Common Stock | 21.37T | 3.92B | 3.92B | 3.92B | 3.92B | 3.93B |
| Additional Paid-In Capital | 14.35B | 3.19B | 253.00M | 640.00M | 640.00M | |
| Retained Earnings | 9.65T | 7.70T | 4.14T | 843.51B | 432.39B | |
| Treasury Stock | -34.27B | -9.65B | -5.63B | -4.50B | -542.00M | |
| Comprehensive Income & Other | 6.05T | 4.31T | 3.08T | 1.01T | 403.48B | |
| Total Common Equity | 21.37T | 15.69T | 12.01T | 7.22T | 1.85T | 839.89B |
| Minority Interest | 333.77B | 224.36B | 82.31B | 17.27B | 8.23B | |
| Shareholders' Equity | 21.37T | 16.02T | 12.23T | 7.30T | 1.87T | 848.12B |
| Total Liabilities & Equity | 52.12T | 42.70T | 30.29T | 20.20T | 4.59T | 2.39T |
| Total Debt | 16.80T | 16.18T | 10.01T | 7.15T | 1.36T | 812.84B |
| Net Cash (Debt) | -11.23T | -14.44T | -8.46T | -6.03T | -1.16T | -699.15B |
| Net Cash Per Share | -3,086.29 | -3,684.74 | -2,157.91 | -1,538.60 | -295.87 | -177.99 |
| Filing Date Shares Outstanding | 3.93B | 3.93B | 3.93B | 3.93B | 3.93B | 3.93B |
| Total Common Shares Outstanding | 3.93B | 3.93B | 3.93B | 3.93B | 3.93B | 3.93B |
| Working Capital | 2.88T | -1.40T | -1.94T | -392.06B | 63.80B | 75.17B |
| Book Value Per Share | 5,434.10 | 3,987.98 | 3,052.94 | 1,836.07 | 470.63 | 213.54 |
| Tangible Book Value | 20.08T | 14.14T | 11.50T | 6.92T | 1.78T | 796.88B |
| Tangible Book Value Per Share | 5,106.10 | 3,594.19 | 2,924.33 | 1,760.68 | 453.32 | 202.61 |
| Land | 1.92T | 1.40T | 1.08T | 247.29B | 137.97B | |
| Machinery | 19.02T | 12.67T | 9.42T | 2.02T | 1.12T |
Cash flow statement
Fiscal year January - December; amounts in ARS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.42T | -1.09T | 2.08T | -1.56T | 289.06B | 257.00M |
| Depreciation & Amortization | 4.03T | 3.99T | 2.55T | 988.62B | 372.57B | 291.72B |
| Loss (Gain) From Sale of Assets | -270.61B | -270.52B | 266.19B | -5.55B | ||
| Asset Writedown & Restructuring Costs | 881.42B | 881.13B | 668.08B | 1.72T | 66.53B | 43.53B |
| Loss (Gain) on Equity Investments | -149.09B | -149.04B | -358.33B | 30.91B | -58.08B | -26.98B |
| Stock-Based Compensation | 18.88B | 18.88B | 6.78B | 1.19B | 1.05B | 342.00M |
| Other Operating Activities | 5.80T | 4.44T | 143.19B | 428.99B | 65.29B | 147.71B |
| Change in Accounts Receivable | -359.88B | -359.76B | -589.76B | -108.25B | -51.03B | 9.49B |
| Change in Inventory | 127.31B | 127.27B | 118.17B | 38.58B | -20.01B | -27.56B |
| Change in Accounts Payable | -366.70B | -366.58B | 671.32B | 317.49B | 85.50B | 148.00M |
| Change in Unearned Revenue | 152.61B | 152.56B | 95.88B | 17.86B | -3.62B | 6.86B |
| Change in Income Taxes | 57.65B | 57.63B | 105.23B | 21.73B | 6.64B | -3.64B |
| Change in Other Net Operating Assets | -950.63B | -950.31B | -155.19B | -126.57B | -17.24B | -36.32B |
| Operating Cash Flow | 12.40T | 6.48T | 5.60T | 1.77T | 736.66B | 400.01B |
| Capital Expenditures | -6.77T | -6.44T | -5.39T | -1.59T | -532.13B | -234.80B |
| Sale of Property, Plant & Equipment | 292.65B | 292.56B | 137.00B | 4.33B | 1.04B | 4.50B |
| Cash Acquisitions | -982.00B | -981.67B | ||||
| Investment in Securities | 63.48B | 63.46B | -9.19B | 38.73B | -3.04B | -17.39B |
| Other Investing Activities | -263.26B | 5.12B | 28.88B | 25.64B | 11.11B | 3.69B |
| Investing Cash Flow | -7.66T | -7.06T | -5.23T | -1.52T | -523.02B | -243.99B |
| Short-Term Debt Issued | 4.72B | 32.60B | 11.69B | 794.00M | ||
| Long-Term Debt Issued | 5.43T | 2.67T | 745.59B | 49.27B | 91.51B | |
| Total Debt Issued | 5.43T | 5.43T | 2.67T | 778.20B | 60.96B | 92.31B |
| Short-Term Debt Repaid | -45.09B | |||||
| Long-Term Debt Repaid | -4.06T | -2.27T | -528.55B | -139.48B | -184.43B | |
| Lease Payments | -501.98B | -501.81B | -360.18B | -106.40B | -44.96B | -28.53B |
| Total Debt Repaid | -4.06T | -4.06T | -2.31T | -528.55B | -139.48B | -184.43B |
| Net Debt Issued (Repaid) | 1.38T | 1.38T | 354.52B | 249.65B | -78.52B | -92.12B |
| Repurchase of Common Stock | -14.04B | -14.03B | -4.24B | |||
| Other Financing Activities | -4.11T | -835.00B | -648.18B | -216.49B | -74.34B | -58.54B |
| Financing Cash Flow | -2.75T | 526.78B | -293.66B | 33.16B | -157.10B | -150.66B |
| Foreign Exchange Rate Adjustments | 304.63B | 252.69B | 169.46B | 483.94B | 17.66B | 2.70B |
| Net Cash Flow | 2.29T | 200.84B | 245.91B | 769.08B | 74.20B | 8.06B |
| Free Cash Flow | 5.63T | 41.89B | 213.43B | 183.27B | 204.53B | 165.21B |
| Free Cash Flow Margin | 18.99% | 0.18% | 1.19% | 3.34% | 8.10% | 12.56% |
| Free Cash Flow Per Share | 1,547.12 | 10.69 | 54.43 | 46.79 | 52.08 | 42.06 |
| Levered Free Cash Flow | 1.32T | -3.30T | -911.91B | -501.60B | -84.13B | 42.41B |
| Unlevered Free Cash Flow | 1.95T | -2.77T | -531.30B | -359.67B | -27.79B | 87.33B |
| Free Cash Flow After Leases | 5.13T | -459.92B | -146.75B | 76.87B | 159.57B | 136.69B |
| Cash Interest Paid | 835.28B | 835.00B | 648.18B | 216.49B | 74.34B | 58.54B |
| Cash Income Tax Paid | 191.54B | 191.47B | 26.12B | 5.29B | 43.71B | 515.00M |
| Change in Working Capital | -1.34T | -1.34T | 245.65B | 160.84B | 246.00M | -51.02B |
Ratios
Fiscal year January - December; amounts in ARS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 19.91B | 14.80B | 19.19B | 8.12B | 6.99B | 2.98B |
| Enterprise Value | 27.21B | 24.69B | 26.99B | 11.29B | 12.21B | 9.73B |
| Last Close Price | 47.00 | 36.16 | 42.51 | 17.19 | 9.19 | 3.82 |
| PE Ratio | 7.66 | 9.52 | 4.28 | 1,191.34 | ||
| PS Ratio | 1.02 | 0.92 | 1.11 | 1.20 | 0.49 | 0.23 |
| PB Ratio | 1.42 | 1.34 | 1.62 | 0.90 | 0.66 | 0.36 |
| P/TBV Ratio | 1.51 | 1.52 | 1.72 | 0.95 | 0.69 | 0.38 |
| P/FCF Ratio | 5.42 | 512.69 | 92.69 | 35.81 | 6.05 | 1.85 |
| P/OCF Ratio | 2.46 | 3.31 | 3.53 | 3.70 | 1.68 | 0.77 |
| EV/Sales Ratio | 1.40 | 1.54 | 1.55 | 1.67 | 0.86 | 0.76 |
| EV/EBITDA Ratio | 3.65 | 5.91 | 6.67 | 8.45 | 3.42 | 2.72 |
| EV/EBIT Ratio | 5.39 | 14.74 | 14.87 | 57.95 | 7.52 | 10.52 |
| EV/FCF Ratio | 7.41 | 855.56 | 130.38 | 49.82 | 10.57 | 6.04 |
| Debt / Equity Ratio | 0.79 | 1.01 | 0.82 | 0.98 | 0.72 | 0.96 |
| Debt / EBITDA Ratio | 0.03 | 2.52 | 2.26 | 6.23 | 2.05 | 2.10 |
| Debt / FCF Ratio | 2.98 | 386.18 | 46.92 | 38.99 | 6.63 | 4.92 |
| Net Debt / Equity Ratio | 0.53 | 0.90 | 0.69 | 0.82 | 0.62 | 0.82 |
| Net Debt / EBITDA Ratio | 0.99 | 2.38 | 2.03 | 5.58 | 1.84 | 1.90 |
| Net Debt / FCF Ratio | 2.00 | 344.80 | 39.64 | 32.89 | 5.68 | 4.23 |
| Asset Turnover | 0.64 | 0.64 | 0.71 | 0.44 | 0.72 | 0.61 |
| Inventory Turnover | 7.88 | 9.09 | 8.76 | 5.42 | 8.12 | 8.04 |
| Quick Ratio | 0.83 | 0.51 | 0.41 | 0.53 | 0.66 | 0.72 |
| Current Ratio | 1.24 | 0.87 | 0.78 | 0.90 | 1.07 | 1.19 |
| Return on Equity (ROE) | 18.54% | -7.42% | 21.73% | -33.42% | 21.37% | -0.10% |
| Return on Assets (ROA) | 10.38% | 4.16% | 4.63% | 0.80% | 5.15% | 2.75% |
| Return on Invested Capital (ROIC) | 11.80% | -7.40% | 11.00% | 1.93% | 9.13% | -0.08% |
| Return on Capital Employed (ROCE) | 19.20% | 7.60% | 8.80% | 1.00% | 7.70% | 4.70% |
| Earnings Yield | 13.06% | -5.07% | 10.50% | -23.79% | 23.35% | 0.08% |
| FCF Yield | 18.44% | 0.19% | 1.08% | 2.79% | 16.52% | 53.96% |
| Buyback Yield / Dilution | 7.27% | 0.03% | -0.09% | 0.25% | 0.02% | -0.06% |
| Total Shareholder Return | 7.27% | 0.03% | -0.09% | 0.25% | 0.02% | -0.06% |