Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PBF Energy Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
15,920
21,787
27,186
24,508
15,116
27,253
46,830
38,325
33,115
29,332
Cost of revenue
15,237
20,826
26,584
23,595
16,746
26,366
42,152
35,926
33,488
29,903
Gross profit
683
961
603
913
-1,630
887
4,679
2,399
-372
-571
General and administrative
166
215
277
284
249
247
469
363
260
332
Operating expenses
1,423
1,684
1,721
1,782
Operating income
499
732
358
649
-1,417
597
4,153
2,952
-699
-54.3
Interest expense
150
154
170
160
258
318
246
63.8
72
182
Interest income
20.6
75
51.2
24.3
Pre-tax income
363
799
209
480
-1,331
328
3,558
2,886
-769
-235
Income tax
138
316
33.5
104
2.1
12.1
585
724
-228
-74.1
Net income
171
416
128
319
-1,392
231
2,877
2,141
-534
-159
EBITDA
643
939
566
907
-1,091
818
4,415
3,266
-341
317
EPS, basic
1.74
3.78
1.11
2.66
-11.64
1.92
23.47
17.13
-4.59
-1.39
EPS, diluted
1.74
3.73
1.10
2.64
-11.64
1.90
22.84
16.52
-4.60
-1.39
Shares, basic (weighted)
98.3
110
115
120
120
120
123
125
116
114
Shares, diluted (weighted)
104
114
119
122
121
123
127
131
117
115
Dividend per share
1.20
1.20
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
746
573
597
815
1,610
1,342
2,204
1,784
536
528
Short-term investments
40
0
Inventory
1,864
2,214
1,866
2,122
1,686
2,505
2,764
3,183
2,595
2,563
Other current assets
137
63.6
55.6
51.6
58.8
75
123
268
248
194
Total current assets
3,407
3,803
3,237
3,824
3,867
5,199
6,546
6,597
4,544
4,452
Property, plant and equipment
3,329
3,479
3,821
4,023
4,843
4,902
5,361
4,978
5,068
5,518
Lease right-of-use assets
0
306
837
636
612
733
802
726
Intangible assets
0.58
0.54
25.6
24.3
10.1
9.6
9.1
8.6
8.1
Long-term investments
0
Other non-current assets
507
782
899
955
872
823
963
1,143
1,380
1,464
Total assets
7,622
8,118
8,005
9,132
10,500
11,641
13,549
14,388
12,703
13,020
Accounts payable
536
579
488
601
407
912
855
959
736
801
Accrued liabilities
1,468
1,815
1,624
1,816
1,912
2,740
3,721
3,020
2,534
2,663
Deferred revenue
13.3
8.93
20.1
20.1
47.2
42.7
40.6
64.1
43.8
20.8
Short-term debt
39.7
11
2.4
0
7.4
0
524
0
0
Total current liabilities
2,057
2,419
2,135
2,509
2,452
3,760
5,201
4,217
3,626
3,669
Long-term debt
2,109
2,175
1,931
2,065
4,654
4,296
1,435
1,246
1,457
2,148
Lease liabilities
0
233
756
570
553
609
622
543
Other non-current liabilities
229
226
277
251
269
252
373
272
279
252
Total liabilities
5,051
5,215
4,757
5,547
8,298
9,109
8,493
7,757
7,025
7,570
Total debt
2,181
2,217
1,931
2,065
4,654
4,296
1,435
1,246
1,457
2,148
Paid-in capital
2,246
2,278
2,634
2,812
2,846
2,874
3,202
3,279
3,339
3,397
Retained earnings
-44.9
237
226
401
-1,027
-796
2,056
4,090
3,436
3,150
Treasury stock
-152
-153
-161
-166
-167
-169
-327
-868
-1,223
-1,238
Other comprehensive income
-24.4
-25.4
-22.4
-8.3
-9.1
17.3
-1.5
-12.3
-8
9.8
Shareholders' equity
2,025
2,337
2,677
3,040
1,643
1,926
4,929
6,488
5,544
5,320
Minority interests
546
566
572
546
560
607
127
143
134
130
Total equity
2,571
2,903
3,249
3,586
2,202
2,533
5,056
6,631
5,679
5,450
Total liabilities and equity
7,622
8,118
8,005
9,132
10,500
11,641
13,549
14,388
12,703
13,020
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
226
483
175
375
-1,333
316
2,973
2,162
-540
-161
Depreciation and amortization
144
208
208
258
326
221
262
314
358
372
Stock-based compensation
22.7
26.8
26
37.3
34.2
35.6
54.3
51.5
44.3
39
Deferred income tax
245
314
32.7
104
1.6
11.7
420
537
-239
-77.9
Change in receivables
-165
-332
234
-116
322
-765
-179
93.8
198
-1.7
Change in inventory
237
-54.7
-3.3
-6.3
392
-149
-259
-409
588
-281
Change in payables
218
34.6
-112
138
-207
481
-95.7
125
-197
3.5
Cash from operations
652
686
838
934
-632
477
4,772
1,339
43.4
-78
Capital expenditures
-299
-307
-318
-405
-196
-249
-633
-660
-391
-705
Acquisitions
0
-1,176
0
0
Purchases of investments
-1,910
-75
0
0
Sales and maturities of investments
2,104
115
0
0
Cash from investing
-1,394
-687
-686
-713
-1,027
-389
-1,011
-339
-1,042
-480
Debt issued
0
Debt repaid
-195
-666
0
0
Stock issued
0
10.5
287
0
0
Share buybacks
-0.74
-1
-8.2
-4.9
-1.6
0
-156
-533
-329
0
Dividends paid
-117
-132
-139
-144
-35.9
0
-24.7
-106
-119
-126
Cash from financing
544
-172
-128
-3.3
2,453
-357
-2,899
-1,420
-249
550
Net change in cash
-198
-173
24.3
218
795
-268
862
-420
-1,247
-8.2
Free cash flow
353
379
521
529
-828
228
4,139
679
-348
-783
Interest paid
138
167
164
154
207
307
250
104
93.1
157
Income taxes paid
3.84
0
0.7
2.7
2.1
5.7
149
299
17.7
4
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $65.91 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
8.9%
Gross profit / revenue.
Operating margin
9.8%
Operating income / revenue.
EBITDA margin
10.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
9.3%
Pre-tax income / revenue.
Net margin
7.0%
Net income / revenue.
FCF margin
6.8%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
9.0%
Cash from operations / revenue.
Effective tax rate
24.4%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
34.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
15.7%
Net income / average total assets.
Return on invested capital (ROIC)
38.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
0.1%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
2.3%
Capital expenditures / revenue.
D&A / revenue
0.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-11.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-14.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
14.2%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA CAGR, 3y
-58.4%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-279.7%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-4.1%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
2.6%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
26.5%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
2.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-1.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
4.4%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
-1.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-3.2%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-1.0%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.59x
Current assets / current liabilities.
Quick ratio
0.50x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.50x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.27x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
12.3%
Total debt / total assets.
Liabilities / assets
53.0%
Total liabilities / total assets.
Net debt
-$425.9M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
-0.10x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
25.2%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$22.10
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$316.52
Revenue / diluted weighted shares.
FCF per share
$21.38
Free cash flow / diluted weighted shares.
Operating cash flow per share
$28.59
Cash from operations / diluted weighted shares.
Book value per share
$64.81
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Dividends / FCF
4.9%
Dividends paid / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$7.81B
Share price x shares outstanding.
Enterprise value
$7.39B
Market cap + total debt - cash - short-term investments.
P/E
2.88x
Market cap / net income. Only when net income is positive.
P/S
0.20x
Market cap / revenue.
P/B
0.98x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.98x
Market cap / tangible book value, when positive.
P/FCF
2.98x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
2.23x
Market cap / cash from operations, when positive.
EV/Sales
0.19x
Enterprise value / revenue.
EV/EBIT
1.94x
Enterprise value / operating income, when both are positive.
EV/EBITDA
1.79x
Enterprise value / EBITDA, when both are positive.
EV/FCF
2.81x
Enterprise value / free cash flow, when both are positive.
FCF yield
33.6%
Free cash flow / market cap.
Earnings yield
34.7%
Net income / market cap (the inverse of P/E).
Dividend yield
1.6%
Dividends paid over the period / market cap.
Shareholder yield
1.6%
(Dividends paid + share buybacks) / market cap.
What was PBF Energy Inc.'s revenue in fiscal 2025?
PBF Energy Inc. reported revenue of $29.33B for fiscal 2025, 11.4% lower than the year before.
Was PBF Energy Inc. profitable in fiscal 2025?
No. It reported a net loss of $158.5M.
How much free cash flow did PBF Energy Inc. generate in fiscal 2025?
Cash from operations of $78.0M minus capital expenditures of $705.2M left free cash flow of -$783.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.