PBRNYSECrude Petroleum & Natural GasFiscal year ends December 31Also trades as PBR.A
PETROBRAS - PETROLEO BRASILEIRO SA
Financials through Q2 FY2025, quarter ended Jun 30, 2025
$25.56−0.44 (-1.69%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 44.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2007 to 2024
Gross margin
50.3%+10.0 pts over 5 years
Operating margin
29.4%+2.5 pts over 5 years
Net margin
8.2%−5.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -10.7% | +2.9% | +3.6% | – | |
| Gross profit | -14.8% | +4.1% | +8.3% | – | |
| Operating income | -29.3% | -10.6% | +5.4% | – | |
| Net income | -69.7% | -27.6% | -5.8% | – | |
| EPS, diluted | -69.6% | -27.5% | -5.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 14.0% | 10.9% | |
| Return on assets | – | 4.5% | 3.8% | |
| Current ratio | – | 0.97 | 0.69 | |
| Debt to equity | – | 0.86 | 0.39 | |
| Net debt to EBITDA | – | 1.58× | 0.51× | |
| Interest coverage | -0.2× | -2.9× | 4.5× | |
| Inventory turnover | – | 5.3× | 6.3× | |
| Capex to revenue | 22.3% | – | – |
Cash use needs five years of cash flow figures
Petrobras - Petroleo Brasileiro does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.2%
×Asset turnover0.46×
×Equity multiplier2.90×
=Return on equity, FY202410.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 8.2% | 0.46× | 2.90× | 10.9% |
| FY2023 | 24.3% | 0.51× | 2.73× | 33.6% |
| FY2022 | 29.4% | 0.69× | 2.60× | 52.7% |
| FY2021 | 23.7% | 0.46× | 2.83× | 30.9% |
| FY2020 | 2.1% | 0.26× | 3.16× | 1.7% |
| FY2019 | 13.3% | 0.34× | 3.12× | 14.0% |
| FY2018 | 8.5% | 0.36× | 3.13× | 9.5% |
| FY2017 | -0.1% | 0.31× | 3.18× | -0.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
3of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero$7.53B
- Cash generatingOperating cash flow above zero$37.98B
- Return on assets improvedROA up on the prior year13.3% → 3.5%
- Earnings backed by cashOperating cash flow above net income$37.98B vs $7.53B
- Less leverageLong-term debt to assets fell11.3% → 11.3%
- Better liquidityCurrent ratio rose0.96 → 0.69
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year52.70% → 50.29%
- More efficientAsset turnover rose0.55 → 0.42