PBFNYSEPetroleum RefiningFiscal year ends December 31
PBF Energy Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$81.26−3.26 (-3.86%)
Close on Oct 19, 2026
- Market cap
- $9.84B
- P/E (TTM)
- 7.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
-1.9%+8.8 pts over 5 years
Operating margin
-0.2%+9.2 pts over 5 years
Net margin
-0.5%+8.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -11.4% | -14.4% | +14.2% | +8.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.3% | -59.5% | -2.9% | |
| Return on assets | 2.5% | -14.2% | -1.2% | |
| Current ratio | 1.66 | 1.58 | 1.21 | |
| Debt to equity | 1.06 | 2.84 | 0.40 | |
| Net debt to EBITDA | 2.18× | -2.80× | 5.11× | |
| Interest coverage | – | -5.5× | -0.3× | |
| Inventory turnover | 10.0× | 8.8× | 11.6× | |
| Capex to revenue | 1.9% | 1.3% | 2.4% | |
| Diluted shares | 104M | 121M | 115M |
Where the cash went
Fiscal 2021 to 2025, five years combined
PBF Energy generated $6.71B from operations and spent $3.66B on capital expenditure, dividends and share buybacks. 72% of that went back into the business.
Generated
$6.71B
Used
$3.66B
Capital expenditure$2.64B72%Dividends$00%Share buybacks$1.02B28%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-0.5%
×Asset turnover2.28×
×Equity multiplier2.37×
=Return on equity, FY2025-2.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -0.5% | 2.28× | 2.37× | -2.9% |
| FY2024 | -1.6% | 2.44× | 2.25× | -8.9% |
| FY2023 | 5.6% | 2.74× | 2.45× | 37.5% |
| FY2022 | 6.1% | 3.72× | 3.67× | 83.9% |
| FY2021 | 0.8% | 2.46× | 6.20× | 12.9% |
| FY2020 | -9.2% | 1.54× | 4.19× | -59.5% |
| FY2019 | 1.3% | 2.86× | 3.00× | 11.2% |
| FY2018 | 0.5% | 3.37× | 3.22× | 5.1% |
| FY2017 | 1.9% | 2.77× | 3.61× | 19.1% |
| FY2016 | 1.1% | 2.32× | 3.74× | 9.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$158.50M
- Cash generatingOperating cash flow above zero-$78.00M
- Return on assets improvedROA up on the prior year-3.7% → -1.2%
- Earnings backed by cashOperating cash flow above net income-$78.00M vs -$158.50M
- Less leverageLong-term debt to assets fell11.5% → 16.5%
- Better liquidityCurrent ratio rose1.25 → 1.21
- No dilutionShare count did not rise117M → 115M
- Gross margin improvedGross margin up on the prior year-1.12% → -1.95%
- More efficientAsset turnover rose2.30 → 2.31