PBF Energy (PBF) Financials

$18.42 +0.90 (+5.11%)

Closing price 03:59 PM Eastern

Extended Trading

$18.36 -0.07 (-0.35%)

As of 04:57 PM Eastern

Annual Income Statements for PBF Energy

This table shows PBF Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-38	146	171	416	128	319	-1,392	231	2,877	2,141	-534
Consolidated Net Income / (Loss)	78	196	226	483	175	375	-1,333	316	2,973	2,162	-540
Net Income / (Loss) Continuing Operations	78	196	213	483	175	375	-1,333	316	2,973	2,162	-540
Total Pre-Tax Income	56	282	363	799	209	480	-1,331	328	3,558	2,886	-769
Total Operating Income	148	360	499	732	358	649	-1,417	597	4,153	2,952	-699
Total Gross Profit	1,357	550	14,281	961	603	913	-1,630	887	4,679	2,399	-372
Total Revenue	19,828	13,124	15,920	21,787	27,186	24,508	15,116	27,253	46,830	38,325	33,115
Operating Revenue	19,828	13,124	15,920	21,787	27,186	24,508	15,116	27,253	46,830	38,325	33,115
Total Cost of Revenue	18,471	12,574	1,639	20,826	26,584	23,595	16,746	26,366	42,152	35,926	33,488
Operating Cost of Revenue	18,471	12,574	1,639	20,826	26,584	23,595	14,827	24,280	39,553	33,231	30,881
Other Cost of Revenue	-	-	-	-	-	-	1,918	2,086	2,599	2,695	2,606
Total Operating Expenses	1,209	190	13,782	229	245	264	-213	290	525	-553	327
Selling, General & Admin Expense	1,030	181	166	215	277	284	249	247	469	363	260
Depreciation Expense	180	9.69	5.84	13	11	11	11	13	7.50	12	13
Other Operating Expenses / (Income)	-	-	13,598	0.00	-	-	-	0.00	0.00	-880	56
Other Special Charges / (Income)	-0.90	-1.00	11	1.50	-43	-31	-572	29	49	-47	-2.90
Total Other Income / (Expense), net	-92	-78	-149	67	-149	-170	86	-270	-596	-66	-70
Interest Expense	99	106	150	180	170	160	280	238	312	70	72
Interest & Investment Income	3.97	10	1.42	-2.20	5.60	-9.70	-12	8.50	-2.00	1.10	0.00
Other Income / (Expense), net	2.99	18	-0.58	250	15	-0.20	378	-41	-282	2.70	2.40
Income Tax Expense	-22	87	138	316	34	104	2.10	12	585	724	-228
Net Income / (Loss) Attributable to Noncontrolling Interest	117	49	-	68	47	56	59	85	96	22	-6.40
Basic Earnings per Share	($0.51)	$1.66	-	$3.78	$1.11	$2.66	($11.64)	$1.92	$23.47	$17.13	($4.59)
Weighted Average Basic Shares Outstanding	74.46M	88.11M	98.20M	109.78M	115.19M	119.89M	119.62M	120.24M	122.60M	124.95M	116.25M
Diluted Earnings per Share	($0.51)	$1.65	-	$3.73	$1.10	$2.64	($11.64)	$1.90	$22.84	$16.52	($4.60)
Weighted Average Diluted Shares Outstanding	74.46M	94.14M	98.20M	113.90M	118.77M	121.85M	120.66M	122.64M	126.86M	130.51M	117.11M
Weighted Average Basic & Diluted Shares Outstanding	75M	88.20M	98.20M	109.90M	119.85M	119.78M	120.10M	120.34M	128.98M	119.56M	115.31M

This table shows PBF Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1,056	638	382	1,020	786	-48	107	-65	-286	-289	-402
Consolidated Net Income / (Loss)	1,084	656	386	1,030	794	-48	108	-66	-289	-293	-406
Net Income / (Loss) Continuing Operations	1,084	656	386	1,030	794	-48	108	-66	-289	-293	-406
Total Pre-Tax Income	1,275	925	512	1,378	1,049	-54	135	-91	-407	-405	-548
Total Operating Income	1,400	956	532	1,389	1,077	-47	145	-75	-386	-383	-511
Total Gross Profit	1,573	969	576	510	1,228	84	218	6.30	-288	-309	-420
Total Revenue	12,765	10,846	9,295	9,158	10,734	9,139	8,646	8,736	8,382	7,351	7,066
Operating Revenue	12,765	10,846	9,295	9,158	10,734	9,139	8,646	8,736	8,382	7,351	7,066
Total Cost of Revenue	11,191	9,877	8,719	8,647	9,506	9,055	8,427	8,730	8,671	7,660	7,487
Operating Cost of Revenue	10,545	9,182	7,937	8,050	8,860	8,384	7,739	8,117	8,021	7,004	6,755
Other Cost of Revenue	646	695	781	597	645	671	688	613	650	656	732
Total Operating Expenses	173	14	44	-879	151	131	73	81	98	75	91
Selling, General & Admin Expense	168	94	60	104	93	105	63	65	65	67	70
Depreciation Expense	2.00	1.70	1.90	2.30	3.80	3.50	3.20	3.30	3.30	3.40	3.60
Other Operating Expenses / (Income)	0.00	-	0.00	-969	-11	101	9.50	12	29	4.80	17
Other Special Charges / (Income)	3.00	-82	-18	-16	65	-78	-2.80	0.20	0.00	-0.30	0.00
Total Other Income / (Expense), net	-125	-31	-20	-11	-28	-6.40	-9.90	-17	-21	-22	-37
Interest Expense	123	29	19	14	28	8.60	11	17	21	23	37
Other Income / (Expense), net	0.50	0.10	-2.00	2.40	0.10	2.20	0.60	0.60	0.50	0.70	0.30
Income Tax Expense	191	269	127	348	255	-5.20	28	-25	-118	-113	-142
Net Income / (Loss) Attributable to Noncontrolling Interest	28	18	3.80	10	7.70	-	0.90	-0.80	-3.20	-3.30	-4.10
Basic Earnings per Share	$8.65	$5.07	$2.97	$8.14	$6.35	($0.33)	$0.89	($0.56)	($2.48)	($2.44)	($3.53)
Weighted Average Basic Shares Outstanding	122.11M	122.60M	128.79M	125.29M	123.79M	124.95M	119.86M	117.04M	115.08M	116.25M	113.75M
Diluted Earnings per Share	$8.40	$4.97	$2.86	$7.88	$6.11	($0.33)	$0.86	($0.56)	($2.49)	($2.41)	($3.53)
Weighted Average Diluted Shares Outstanding	126.59M	126.86M	134.50M	130.45M	129.69M	130.51M	124.67M	117.91M	115.95M	117.11M	114.62M
Weighted Average Basic & Diluted Shares Outstanding	122.52M	128.98M	126.10M	123.60M	122.20M	119.56M	118.56M	117.15M	115.12M	115.31M	115.65M

This table details how cash moves in and out of PBF Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	321	546	-198	-173	45	795	-306	862	-420	-1,247
Net Cash From Operating Activities	456	560	652	686	934	-632	477	4,772	1,339	43
Net Cash From Continuing Operating Activities	456	560	652	686	898	-632	477	4,772	1,339	43
Net Income / (Loss) Continuing Operations	78	196	226	483	375	-1,333	316	2,973	2,162	-540
Consolidated Net Income / (Loss)	78	196	226	483	375	-1,333	316	2,973	2,162	-540
Depreciation Expense	188	207	233	300	448	581	484	534	592	643
Non-Cash Adjustments To Reconcile Net Income	622	520	-472	-184	-198	0.30	-683	166	-777	108
Changes in Operating Assets and Liabilities, net	-432	-362	666	86	274	120	361	1,100	-638	-167
Net Cash From Investing Activities	-664	-812	-1,394	-687	-713	-1,027	-389	-1,011	-339	-1,042
Net Cash From Continuing Investing Activities	-664	-812	-2,268	-687	-713	-1,027	-389	-1,011	-339	-1,042
Purchase of Property, Plant & Equipment	-494	-362	-341	-338	-450	-205	-278	-699	-700	-432
Acquisitions	0.00	-565	-2,146	-10	0.00	-1,176	0.00	0.00	-15	-35
Sale of Property, Plant & Equipment	203	168	25	0.00	36	543	7.20	0.00	4.40	0.00
Sale and/or Maturity of Investments	1,684	2,068	2,104	115	-	-	0.00	0.00	846	1.80
Other Investing Activities, net	-138	-54	-	-379	-299	-188	-118	-312	-474	-577
Net Cash From Financing Activities	528	798	544	-172	-3.30	2,453	-357	-2,899	-1,420	-249
Net Cash From Continuing Financing Activities	528	798	305	156	-140	2,453	-394	-2,899	-1,420	-249
Repayment of Debt	-535	-536	-589	-1,981	-1,362	-1,305	-306	-2,776	-1,241	-12
Repurchase of Common Equity	-148	-8.07	-0.74	-1.00	-4.90	-1.60	0.00	-460	-533	-329
Payment of Dividends	-183	-149	-139	-180	-209	-82	-40	-74	-111	-121
Issuance of Debt	1,053	1,147	621	2,297	1,350	3,801	0.00	400	497	200
Other Financing Activities, net	-0.08	0.00	0.00	21	-46	41	-49	11	-32	13
Cash Interest Paid	98	97	138	167	172	220	307	250	104	93
Cash Income Taxes Paid	66	124	3.84	0.00	2.70	2.10	5.70	149	299	18

This table details how cash moves in and out of PBF Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-266	295	-588	-99	376	-109	-342	-74	-391	-441	-68
Net Cash From Operating Activities	1,380	1,123	438	68	527	306	16	425	-68	-330	-661
Net Cash From Continuing Operating Activities	1,380	1,123	438	68	527	306	16	425	-68	-330	-661
Net Income / (Loss) Continuing Operations	1,084	656	386	1,030	794	-48	108	-66	-289	-293	-406
Consolidated Net Income / (Loss)	1,084	656	386	1,030	794	-48	108	-66	-289	-293	-406
Depreciation Expense	136	145	150	150	149	143	149	162	166	167	175
Non-Cash Adjustments To Reconcile Net Income	74	59	15	-935	32	111	-9.40	34	206	-123	-84
Changes in Operating Assets and Liabilities, net	86	263	-113	-177	-448	100	-231	295	-150	-81	-347
Net Cash From Investing Activities	-247	-327	-379	64	209	-233	-284	-333	-187	-237	-218
Net Cash From Continuing Investing Activities	-247	-327	-379	64	209	-233	-284	-333	-187	-237	-218
Purchase of Property, Plant & Equipment	-173	-256	-255	-227	-135	-83	-144	-74	-105	-108	-126
Sale and/or Maturity of Investments	-	-	0.00	431	415	0.50	0.30	0.20	0.40	0.90	0.80
Other Investing Activities, net	-74	-71	-128	-140	-55	-151	-141	-260	-48	-129	-93
Net Cash From Financing Activities	-1,399	-501	-646	-231	-360	-182	-73	-166	-135	126	811
Net Cash From Continuing Financing Activities	-1,399	-501	-646	-231	-360	-182	-73	-166	-135	126	811
Repayment of Debt	-1,730	-37	-528	-3.90	-706	-3.00	-3.10	-3.10	-3.00	-3.10	-1,165
Repurchase of Common Equity	-	-460	-168	-100	-115	-150	-125	-100	-75	-29	0.00
Payment of Dividends	-9.90	-44	-26	-27	-27	-31	-31	-30	-29	-32	-32
Issuance of Debt	-	-	-	-	-	-	-	-	-	200	1,939
Other Financing Activities, net	-59	40	76	-100	-8.60	1.40	85	-34	-28	-11	69
Cash Interest Paid	43	47	32	22	52	-2.60	46	22	25	-0.20	49
Cash Income Taxes Paid	61	86	3.50	124	84	88	0.10	13	1.10	3.10	0.10

This table presents PBF Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	5,164	6,105	7,622	8,118	8,005	10,500	11,641	13,549	14,388	12,703
Total Current Assets	2,347	3,022	3,407	3,803	3,237	3,867	5,199	6,546	6,597	4,544
Cash & Equivalents	398	944	746	573	597	1,610	1,342	2,204	1,784	536
Accounts Receivable	551	455	620	953	718	513	1,278	1,456	1,363	1,165
Inventories, net	1,102	1,174	1,864	2,214	1,866	1,686	2,505	2,764	3,183	2,595
Prepaid Expenses	73	77	137	64	56	59	75	123	268	248
Plant, Property, & Equipment, net	1,937	2,357	3,329	3,479	3,821	4,843	4,902	5,361	4,978	5,068
Total Noncurrent Assets	880	726	886	836	948	1,789	1,540	1,642	2,813	3,092
Long-Term Investments	235	234	-	-	-	-	-	0.00	881	867
Other Noncurrent Operating Assets	300	291	507	782	899	1,789	1,540	1,642	1,932	2,225
Total Liabilities & Shareholders' Equity	5,164	6,105	7,622	8,118	8,005	10,500	11,641	13,549	14,388	12,703
Total Liabilities	3,471	4,009	5,051	5,215	4,757	8,298	9,109	8,493	7,757	7,025
Total Current Liabilities	1,543	1,496	2,057	2,419	2,135	2,452	3,760	5,201	4,217	3,626
Accounts Payable	335	316	536	579	488	407	912	855	959	736
Accrued Expenses	1,131	1,119	1,468	1,815	1,624	1,912	2,740	3,721	3,020	2,534
Current Deferred Revenue	1.23	4.04	13	8.93	20	47	43	41	64	44
Current Deferred & Payable Income Tax Liabilities	76	57	-	-	-	-	-	0.00	43	125
Other Current Liabilities	-	-	-	-	-	78	65	61	131	188
Total Noncurrent Liabilities	1,928	2,514	2,995	2,796	2,622	5,846	5,349	3,292	3,539	3,399
Long-Term Debt	1,228	1,840	2,109	2,175	1,931	4,654	4,296	1,435	1,246	1,457
Capital Lease Obligations	-	-	-	-	-	756	641	58	46	658
Noncurrent Deferred & Payable Income Tax Liabilities	637	605	657	395	414	100	160	874	1,367	1,004
Other Noncurrent Operating Liabilities	63	69	229	226	277	337	252	926	880	279
Commitments & Contingencies	0.00	0.00	0.00	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,693	2,096	2,571	2,903	3,249	2,202	2,533	5,056	6,631	5,679
Total Preferred & Common Equity	1,218	1,647	2,025	2,337	2,677	1,643	1,926	4,929	6,488	5,544
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,218	1,647	2,025	2,337	2,676	1,643	1,926	4,929	6,488	5,544
Common Stock	1,509	1,905	2,246	2,278	2,634	2,846	2,874	3,202	3,279	3,339
Retained Earnings	-123	-83	-45	237	226	-1,027	-796	2,056	4,090	3,436
Treasury Stock	-143	-151	-152	-153	-161	-167	-169	-327	-868	-1,223
Accumulated Other Comprehensive Income / (Loss)	-24	-23	-24	-25	-22	-9.10	17	-1.50	-12	-8.00
Noncontrolling Interest	475	449	546	566	572	560	607	127	143	134

This table presents PBF Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	13,304	13,139	14,034	14,693	13,808	14,076	13,131	13,028
Total Current Assets	6,572	5,867	6,305	6,921	5,822	6,047	5,109	4,862
Cash & Equivalents	1,909	1,616	1,517	1,893	1,442	1,367	977	469
Accounts Receivable	1,630	1,184	1,369	1,583	1,179	1,510	1,246	1,191
Inventories, net	2,690	2,855	2,832	3,181	2,891	2,864	2,606	2,891
Prepaid Expenses	344	212	587	264	310	306	281	312
Plant, Property, & Equipment, net	5,133	5,517	4,909	4,922	4,994	4,997	5,015	5,044
Total Noncurrent Assets	1,600	1,756	2,821	2,850	2,993	3,033	3,006	3,122
Long-Term Investments	-	-	928	940	880	867	872	849
Other Noncurrent Operating Assets	1,600	1,756	1,894	1,910	2,113	2,165	2,134	2,273
Total Liabilities & Shareholders' Equity	13,304	13,139	14,034	14,693	13,808	14,076	13,131	13,028
Total Liabilities	8,428	7,871	7,851	7,831	7,210	7,670	7,111	7,783
Total Current Liabilities	5,424	4,597	4,302	4,393	3,781	4,256	3,826	3,770
Accounts Payable	912	750	635	1,213	961	1,126	956	874
Accrued Expenses	3,851	3,637	3,410	2,909	2,451	2,822	2,536	2,625
Current Deferred Revenue	75	74	75	80	75	21	41	64
Current Deferred & Payable Income Tax Liabilities	-	61	61	61	122	122	122	0.00
Other Current Liabilities	62	74	121	130	173	165	171	206
Total Noncurrent Liabilities	3,004	3,274	3,549	3,438	3,429	3,414	3,286	4,013
Long-Term Debt	1,448	1,438	1,442	1,243	1,249	1,252	1,254	2,237
Capital Lease Obligations	555	55	666	678	663	637	637	647
Noncurrent Deferred & Payable Income Tax Liabilities	613	855	1,125	1,229	1,249	1,253	1,127	862
Other Noncurrent Operating Liabilities	388	926	316	288	269	273	268	267
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,877	5,268	6,183	6,862	6,598	6,406	6,020	5,245
Total Preferred & Common Equity	4,218	5,138	6,045	6,719	6,456	6,265	5,882	5,115
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,218	5,138	6,045	6,719	6,456	6,265	5,882	5,115
Common Stock	2,931	3,223	3,237	3,265	3,312	3,318	3,325	3,348
Retained Earnings	1,443	2,412	3,407	4,169	4,167	4,072	3,757	3,002
Treasury Stock	-171	-496	-598	-714	-1,011	-1,113	-1,189	-1,228
Accumulated Other Comprehensive Income / (Loss)	15	-1.10	-1.50	-2.10	-12	-12	-11	-7.30
Noncontrolling Interest	658	130	138	143	142	141	138	130

This table displays calculated financial ratios and metrics derived from PBF Energy's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.53%	-33.81%	21.31%	36.85%	24.78%	-9.85%	-38.32%	80.30%	71.83%	-18.16%	-13.59%
EBITDA Growth	-22.61%	72.71%	25.04%	75.04%	-41.32%	45.84%	-141.77%	327.23%	323.41%	-19.52%	-101.51%
EBIT Growth	-52.90%	151.08%	31.89%	96.66%	-61.97%	73.89%	-260.14%	153.58%	595.47%	-23.70%	-123.58%
NOPAT Growth	-32.08%	20.57%	24.33%	42.71%	-32.08%	68.91%	-295.29%	157.99%	503.42%	-36.29%	-122.13%
Net Income Growth	-63.44%	149.82%	15.34%	114.35%	-63.74%	114.03%	-455.36%	123.66%	842.25%	-27.27%	-124.99%
EPS Growth	-142.50%	423.53%	0.00%	0.00%	-70.51%	140.00%	-540.91%	116.32%	1,102.11%	-27.67%	-127.85%
Operating Cash Flow Growth	56.64%	22.81%	16.33%	5.18%	22.21%	11.40%	-167.66%	175.57%	899.79%	-71.95%	-96.76%
Free Cash Flow Firm Growth	251.91%	-172.19%	-293.85%	83.08%	262.18%	4,263.96%	-218.43%	103.72%	935.19%	-61.48%	-188.98%
Invested Capital Growth	-4.08%	20.50%	42.61%	14.98%	1.40%	-214.81%	214.17%	1.97%	-20.54%	8.00%	21.52%
Revenue Q/Q Growth	-1.47%	-8.12%	9.55%	-14.49%	23.85%	0.04%	-14.90%	20.25%	5.88%	-4.27%	-5.12%
EBITDA Q/Q Growth	-64.56%	132.11%	79.77%	15.45%	-48.66%	111.56%	-111.79%	55.14%	19.97%	-22.04%	-120.59%
EBIT Q/Q Growth	-80.76%	600.78%	176.09%	58.90%	-71.66%	654.42%	-43.45%	362.76%	22.50%	-25.30%	-93.99%
NOPAT Q/Q Growth	-64.30%	560.24%	184.92%	11.80%	-58.16%	809.11%	-46.71%	3,834.69%	11.86%	-24.62%	-92.56%
Net Income Q/Q Growth	-84.38%	5,279.68%	600.04%	63.97%	-77.59%	1,024.14%	-36.30%	297.68%	18.64%	-24.58%	-82.50%
EPS Q/Q Growth	-113.01%	317.11%	0.00%	0.00%	-82.59%	410.59%	-33.18%	199.48%	18.77%	-24.29%	-82.54%
Operating Cash Flow Q/Q Growth	-9.05%	63.03%	-7.95%	-15.93%	-1.88%	69.73%	-116.82%	-1.93%	25.56%	-37.91%	-93.61%
Free Cash Flow Firm Q/Q Growth	444.47%	-167.27%	32.94%	18.76%	-52.05%	2,110.05%	-1,176.48%	31.58%	65.06%	-26.46%	-343.29%
Invested Capital Q/Q Growth	-19.80%	7.51%	-0.78%	-0.40%	-3.75%	-198.68%	6.95%	16.58%	-11.37%	-11.62%	5.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.84%	4.19%	89.70%	4.41%	2.22%	3.73%	-10.78%	3.26%	9.99%	6.26%	-1.12%
EBITDA Margin	1.71%	4.46%	4.60%	5.88%	2.77%	4.47%	-3.03%	3.82%	9.41%	9.25%	-0.16%
Operating Margin	0.74%	2.74%	3.14%	3.36%	1.32%	2.65%	-9.37%	2.19%	8.87%	7.70%	-2.11%
EBIT Margin	0.76%	2.88%	3.13%	4.50%	1.37%	2.65%	-6.87%	2.04%	8.27%	7.71%	-2.10%
Profit (Net Income) Margin	0.39%	1.49%	1.42%	2.22%	0.64%	1.53%	-8.82%	1.16%	6.35%	5.64%	-1.63%
Tax Burden Percent	140.12%	69.27%	62.10%	60.50%	83.96%	78.25%	100.16%	96.31%	83.56%	74.92%	70.28%
Interest Burden Percent	37.08%	74.62%	72.80%	81.44%	55.96%	73.91%	128.12%	58.85%	91.89%	97.68%	110.34%
Effective Tax Rate	-40.12%	30.73%	37.90%	39.50%	16.04%	21.75%	0.00%	3.69%	16.44%	25.08%	0.00%
Return on Invested Capital (ROIC)	8.85%	9.89%	9.27%	10.47%	6.60%	0.00%	-265.96%	9.48%	63.11%	43.66%	-8.40%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.47%	1.31%	0.91%	13.21%	-1.88%	0.00%	-219.06%	2.46%	33.91%	49.98%	7.01%
Return on Net Nonoperating Assets (RNNOA)	-4.26%	0.43%	0.39%	7.19%	-0.90%	0.00%	144.88%	3.85%	15.23%	-6.67%	-0.38%
Return on Equity (ROE)	4.59%	10.32%	9.67%	17.66%	5.70%	23.10%	-121.08%	13.33%	78.35%	37.00%	-8.78%
Cash Return on Invested Capital (CROIC)	13.02%	-8.70%	-25.85%	-3.46%	5.21%	0.00%	-204.09%	7.53%	86.00%	35.98%	-27.83%
Operating Return on Assets (OROA)	3.15%	6.71%	7.27%	12.47%	4.63%	7.57%	-10.58%	5.03%	30.74%	21.15%	-5.14%
Return on Assets (ROA)	1.63%	3.47%	3.29%	6.14%	2.17%	4.38%	-13.58%	2.85%	23.60%	15.48%	-3.99%
Return on Common Equity (ROCE)	2.52%	7.80%	7.61%	14.07%	4.64%	19.03%	-90.32%	10.04%	70.78%	36.14%	-8.58%
Return on Equity Simple (ROE_SIMPLE)	6.43%	11.87%	11.14%	20.69%	6.55%	0.00%	-81.16%	16.38%	60.31%	33.32%	-9.74%
Net Operating Profit after Tax (NOPAT)	207	249	310	443	301	508	-992	575	3,470	2,211	-489
NOPAT Margin	1.04%	1.90%	1.95%	2.03%	1.11%	2.07%	-6.56%	2.11%	7.41%	5.77%	-1.48%
Net Nonoperating Expense Percent (NNEP)	20.32%	8.58%	8.36%	-2.74%	8.48%	-6.75%	-46.90%	7.01%	29.20%	-6.31%	-15.41%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	49.07%	27.91%	-6.28%
Cost of Revenue to Revenue	93.16%	95.81%	10.30%	95.59%	97.78%	96.27%	110.78%	96.74%	90.01%	93.74%	101.12%
SG&A Expenses to Revenue	5.19%	1.38%	1.04%	0.98%	1.02%	1.16%	1.64%	0.91%	1.00%	0.95%	0.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.10%	1.45%	86.57%	1.05%	0.90%	1.08%	-1.41%	1.06%	1.12%	-1.44%	0.99%
Earnings before Interest and Taxes (EBIT)	151	378	499	981	373	649	-1,039	557	3,872	2,954	-697
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	339	585	732	1,281	752	1,096	-458	1,041	4,406	3,546	-54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.40	1.74	1.13	1.47	1.33	0.58	0.50	0.77	0.97	0.81	0.55
Price to Tangible Book Value (P/TBV)	1.40	1.74	1.13	1.47	1.33	0.58	0.50	0.77	0.97	0.81	0.55
Price to Revenue (P/Rev)	0.09	0.22	0.14	0.16	0.13	0.14	0.05	0.05	0.10	0.14	0.09
Price to Earnings (P/E)	0.00	19.55	13.38	8.24	27.65	11.12	0.00	6.45	1.66	2.44	0.00
Dividend Yield	5.88%	4.09%	5.15%	3.86%	4.06%	4.05%	17.70%	0.00%	1.03%	1.99%	3.86%
Earnings Yield	0.00%	5.12%	7.47%	12.13%	3.62%	8.99%	0.00%	15.51%	60.31%	40.91%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.44	1.07	1.24	1.19	0.00	0.86	0.93	0.97	0.76	0.61
Enterprise Value to Revenue (EV/Rev)	0.14	0.30	0.26	0.26	0.20	0.22	0.34	0.21	0.10	0.10	0.12
Enterprise Value to EBITDA (EV/EBITDA)	8.19	6.79	5.73	4.38	7.26	4.89	0.00	5.47	1.07	1.13	0.00
Enterprise Value to EBIT (EV/EBIT)	18.42	10.50	8.41	5.72	14.62	8.27	0.00	10.22	1.22	1.35	0.00
Enterprise Value to NOPAT (EV/NOPAT)	13.41	15.92	13.52	12.67	18.15	10.57	0.00	9.90	1.36	1.81	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.08	7.09	6.43	8.18	6.51	5.75	0.00	11.92	0.99	2.99	89.93
Enterprise Value to Free Cash Flow (EV/FCFF)	9.12	0.00	0.00	0.00	22.99	0.52	0.00	12.46	1.00	2.20	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.88	0.84	0.76	0.60	0.00	2.46	1.95	0.40	0.19	0.37
Long-Term Debt to Equity	0.73	0.88	0.82	0.75	0.59	0.00	2.46	1.95	0.30	0.19	0.37
Financial Leverage	0.37	0.33	0.43	0.54	0.48	-1.21	-0.66	1.56	0.45	-0.13	-0.05
Leverage Ratio	2.81	2.97	2.94	2.88	2.62	5.28	8.91	4.68	3.32	2.39	2.20
Compound Leverage Factor	1.04	2.22	2.14	2.34	1.47	3.90	11.42	2.75	3.05	2.34	2.43
Debt to Total Capital	42.04%	46.75%	45.52%	43.02%	37.31%	100.00%	71.10%	66.09%	28.52%	16.31%	27.14%
Short-Term Debt to Total Capital	0.00%	0.00%	0.84%	0.33%	0.05%	0.00%	0.10%	0.00%	7.41%	0.00%	0.00%
Long-Term Debt to Total Capital	42.04%	46.75%	44.68%	42.69%	37.27%	100.00%	71.00%	66.09%	21.11%	16.31%	27.14%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	16.26%	11.40%	11.56%	11.12%	11.04%	26.20%	7.34%	8.12%	1.79%	1.80%	1.72%
Common Equity to Total Capital	41.70%	41.85%	42.91%	45.86%	51.65%	0.00%	21.56%	25.79%	69.69%	81.89%	71.14%
Debt to EBITDA	3.62	3.14	2.94	1.71	2.57	1.90	-11.83	4.74	0.46	0.36	-39.46
Net Debt to EBITDA	1.76	1.13	1.86	1.26	1.78	1.16	-8.32	3.46	-0.04	-0.39	-13.28
Long-Term Debt to EBITDA	3.62	3.14	2.88	1.70	2.57	1.90	-11.81	4.74	0.34	0.36	-39.46
Debt to NOPAT	5.94	7.38	6.93	4.95	6.43	4.10	-5.46	8.58	0.58	0.58	-4.32
Net Debt to NOPAT	2.88	2.65	4.39	3.66	4.45	2.50	-3.84	6.25	-0.05	-0.62	-1.46
Long-Term Debt to NOPAT	5.94	7.38	6.80	4.91	6.42	4.10	-5.45	8.58	0.43	0.58	-4.32
Altman Z-Score	4.38	3.06	2.78	3.72	4.20	3.36	1.20	2.65	5.07	4.34	3.15
Noncontrolling Interest Sharing Ratio	45.07%	24.38%	21.31%	20.32%	18.51%	17.61%	25.41%	24.63%	9.66%	2.31%	2.25%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	2.02	1.66	1.57	1.52	0.00	1.58	1.38	1.26	1.56	1.25
Quick Ratio	0.62	0.94	0.68	0.63	0.62	0.00	0.87	0.70	0.70	0.75	0.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	304	-220	-865	-146	237	10,357	-12,266	457	4,729	1,822	-1,621
Operating Cash Flow to CapEx	156.82%	288.98%	205.95%	202.93%	0.00%	225.87%	0.00%	176.26%	682.40%	192.40%	10.06%
Free Cash Flow to Firm to Interest Expense	3.08	-2.07	-5.76	-0.81	1.40	64.89	-43.74	1.92	15.15	26.21	-22.52
Operating Cash Flow to Interest Expense	4.62	5.28	4.34	3.81	4.93	5.85	-2.25	2.01	15.29	19.26	0.60
Operating Cash Flow Less CapEx to Interest Expense	1.67	3.45	2.24	1.93	7.19	3.26	-1.05	0.87	13.05	9.25	-5.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.14	2.33	2.32	2.77	3.37	2.86	1.54	2.46	3.72	2.74	2.44
Accounts Receivable Turnover	34.55	26.09	29.62	27.71	32.54	31.56	22.43	30.44	34.26	27.19	26.20
Inventory Turnover	14.50	11.05	1.08	10.22	13.03	11.83	8.79	12.58	16.00	12.08	11.59
Fixed Asset Turnover	10.66	6.11	5.60	6.40	7.45	0.00	0.00	5.59	9.13	7.41	6.59
Accounts Payable Turnover	50.09	38.63	3.85	37.37	49.83	13.11	9.52	39.99	47.73	39.62	39.52
Days Sales Outstanding (DSO)	10.57	13.99	12.32	13.17	11.22	11.57	16.27	11.99	10.65	13.42	13.93
Days Inventory Outstanding (DIO)	25.17	33.04	338.24	35.73	28.01	30.85	41.51	29.01	22.81	30.21	31.49
Days Payable Outstanding (DPO)	7.29	9.45	94.81	9.77	7.32	27.84	38.34	9.13	7.65	9.21	9.24
Cash Conversion Cycle (CCC)	28.45	37.58	255.75	39.14	31.90	14.57	19.44	31.87	25.82	34.42	36.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,289	2,758	3,933	4,522	4,585	-5,264	6,010	6,128	4,869	5,259	6,391
Invested Capital Turnover	8.48	5.20	4.76	5.15	5.97	-72.18	40.54	4.49	8.52	7.57	5.69
Increase / (Decrease) in Invested Capital	-97	469	1,175	589	63	-9,849	11,274	118	-1,259	389	1,132
Enterprise Value (EV)	2,775	3,972	4,193	5,610	5,456	5,366	5,182	5,692	4,710	4,002	3,903
Market Capitalization	1,705	2,861	2,286	3,425	3,548	3,552	815	1,490	4,770	5,232	3,057
Book Value per Share	$14.58	$16.87	$20.63	$21.23	$22.32	$0.00	$13.67	$16.02	$40.23	$53.10	$48.16
Tangible Book Value per Share	$14.58	$16.87	$20.63	$21.23	$22.32	$0.00	$13.67	$16.02	$40.23	$53.10	$48.16
Total Capital	2,921	3,936	4,719	5,095	5,182	2,083	7,619	7,470	7,073	7,923	7,794
Total Debt	1,228	1,840	2,148	2,192	1,934	2,083	5,417	4,937	2,017	1,292	2,115
Total Long-Term Debt	1,228	1,840	2,109	2,175	1,931	2,083	5,410	4,937	1,493	1,292	2,115
Net Debt	595	662	1,362	1,619	1,336	1,268	3,808	3,595	-187	-1,373	712
Capital Expenditures (CapEx)	291	194	317	338	-383	413	-338	271	699	696	432
Debt-free, Cash-free Net Working Capital (DFCFNWC)	406	582	604	828	508	-815	-186	98	-334	596	382
Debt-free Net Working Capital (DFNWC)	804	1,527	1,390	1,401	1,105	0.00	1,423	1,440	1,870	2,379	918
Net Working Capital (NWC)	804	1,527	1,351	1,384	1,102	0.00	1,416	1,440	1,346	2,379	918
Net Nonoperating Expense (NNE)	129	54	85	-41	125	133	342	260	498	49	51
Net Nonoperating Obligations (NNO)	595	662	1,362	1,619	1,336	-5,264	3,808	3,595	-187	-1,373	712
Total Depreciation and Amortization (D&A)	188	207	233	300	379	448	581	484	534	592	643
Debt-free, Cash-free Net Working Capital to Revenue	2.05%	4.44%	3.79%	3.80%	1.87%	-3.33%	-1.23%	0.36%	-0.71%	1.55%	1.15%
Debt-free Net Working Capital to Revenue	4.05%	11.63%	8.73%	6.43%	4.06%	0.00%	9.42%	5.28%	3.99%	6.21%	2.77%
Net Working Capital to Revenue	4.05%	11.63%	8.48%	6.35%	4.06%	0.00%	9.37%	5.28%	2.87%	6.21%	2.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.51)	$1.66	$1.74	$3.78	$0.00	$2.66	($11.64)	$1.92	$23.47	$17.13	($4.59)
Adjusted Weighted Average Basic Shares Outstanding	74.46M	88.11M	98.33M	109.78M	119.85M	119.89M	119.62M	120.24M	122.60M	124.95M	116.25M
Adjusted Diluted Earnings per Share	($0.51)	$1.65	$1.74	$3.73	$0.00	$2.64	($11.64)	$1.90	$22.84	$16.52	($4.60)
Adjusted Weighted Average Diluted Shares Outstanding	74.46M	94.14M	103.61M	113.90M	119.85M	121.85M	120.66M	122.64M	126.86M	130.51M	117.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	85.78M	97.81M	109.28M	110.67M	119.85M	119.78M	120.10M	120.34M	128.98M	119.56M	115.31M
Normalized Net Operating Profit after Tax (NOPAT)	103	249	317	444	264	484	-1,323	603	3,512	2,176	-491
Normalized NOPAT Margin	0.52%	1.90%	1.99%	2.04%	0.97%	1.97%	-8.75%	2.21%	7.50%	5.68%	-1.48%
Pre Tax Income Margin	0.28%	2.15%	2.28%	3.67%	0.77%	1.96%	-8.81%	1.20%	7.60%	7.53%	-2.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.53	3.56	3.32	5.45	2.20	4.07	-3.71	2.34	12.41	42.51	-9.68
NOPAT to Interest Expense	2.10	2.35	2.07	2.46	1.77	3.18	-3.54	2.42	11.12	31.82	-6.80
EBIT Less CapEx to Interest Expense	-1.42	1.74	1.22	3.58	4.45	1.48	-2.50	1.20	10.16	32.50	-15.67
NOPAT Less CapEx to Interest Expense	-0.85	0.52	-0.04	0.58	4.02	0.59	-2.33	1.28	8.88	21.81	-12.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	234.05%	76.10%	61.83%	37.17%	-27.50%	55.76%	-6.17%	12.58%	2.48%	5.14%	-22.33%
Augmented Payout Ratio	422.80%	80.23%	62.16%	37.38%	-27.50%	57.06%	-6.29%	12.58%	17.95%	29.77%	-83.25%

This table displays calculated financial ratios and metrics derived from PBF Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	77.61%	31.57%	1.68%	-34.95%	-15.91%	-15.74%	-6.99%	-4.60%	-21.91%	-19.56%	-18.27%
EBITDA Growth	588.35%	199.67%	242.82%	-1.83%	-20.22%	-91.07%	-56.77%	-94.29%	-117.96%	-319.33%	-214.11%
EBIT Growth	1,261.03%	290.56%	617.73%	-3.47%	-23.08%	-104.71%	-72.53%	-105.32%	-135.82%	-750.00%	-450.65%
NOPAT Growth	1,383.86%	127.65%	529.45%	-32.68%	-31.47%	-104.87%	-71.23%	-105.03%	-133.15%	-711.86%	-410.16%
Net Income Growth	1,277.64%	246.96%	11,793.94%	-16.62%	-26.76%	-107.38%	-72.14%	-106.41%	-136.41%	-504.55%	-477.58%
EPS Growth	1,614.29%	265.44%	1,688.89%	-18.34%	-27.26%	-106.64%	-69.93%	-107.11%	-140.75%	-630.30%	-510.47%
Operating Cash Flow Growth	428.70%	640.83%	40.12%	-96.52%	-61.82%	-72.76%	-96.39%	524.52%	-112.91%	-207.78%	-4,286.08%
Free Cash Flow Firm Growth	115.20%	978.55%	304.46%	-50.92%	-62.27%	-121.81%	-177.42%	-137.99%	-206.26%	-231.42%	-5.77%
Invested Capital Growth	4.51%	-20.54%	-13.42%	6.12%	8.30%	8.00%	20.27%	3.66%	1.88%	21.52%	10.07%
Revenue Q/Q Growth	-9.33%	-15.03%	-14.30%	-1.48%	17.21%	-14.86%	-5.40%	1.05%	-4.05%	-12.30%	-3.88%
EBITDA Q/Q Growth	-2.14%	-28.36%	-38.18%	126.48%	-20.46%	-91.98%	199.29%	-70.09%	-350.23%	2.09%	-55.71%
EBIT Q/Q Growth	-2.85%	-31.76%	-44.50%	162.37%	-22.59%	-104.18%	423.78%	-150.79%	-421.35%	0.86%	-33.57%
NOPAT Q/Q Growth	-22.85%	-43.03%	-40.87%	159.01%	-21.47%	-104.05%	449.19%	-145.26%	-417.83%	0.80%	-33.40%
Net Income Q/Q Growth	-12.27%	-39.49%	-41.18%	167.01%	-22.93%	-106.10%	322.11%	-161.40%	-338.03%	-1.21%	-38.72%
EPS Q/Q Growth	-12.95%	-40.83%	-42.45%	175.52%	-22.46%	-105.40%	360.61%	-165.12%	-344.64%	3.21%	-46.47%
Operating Cash Flow Q/Q Growth	-29.48%	-18.61%	-61.04%	-84.44%	673.72%	-41.94%	-94.83%	2,591.77%	-115.99%	-384.85%	-100.61%
Free Cash Flow Firm Q/Q Growth	-33.31%	103.25%	-38.13%	-41.48%	-48.73%	-217.51%	10.04%	71.28%	-43.39%	-266.49%	29.91%
Invested Capital Q/Q Growth	-0.28%	-11.37%	5.66%	13.63%	1.77%	-11.62%	5.47%	-2.06%	0.02%	5.43%	6.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.32%	8.93%	6.20%	5.57%	11.44%	0.92%	2.52%	0.07%	-3.44%	-4.20%	-5.95%
EBITDA Margin	12.04%	10.15%	7.32%	16.83%	11.42%	1.08%	3.40%	1.01%	-2.63%	-2.93%	-4.75%
Operating Margin	10.97%	8.81%	5.73%	15.17%	10.03%	-0.52%	1.68%	-0.85%	-4.61%	-5.21%	-7.23%
EBIT Margin	10.97%	8.81%	5.71%	15.20%	10.04%	-0.49%	1.69%	-0.85%	-4.60%	-5.20%	-7.23%
Profit (Net Income) Margin	8.49%	6.05%	4.15%	11.25%	7.40%	-0.53%	1.24%	-0.76%	-3.45%	-3.98%	-5.74%
Tax Burden Percent	85.02%	70.96%	75.31%	74.76%	75.72%	90.30%	79.51%	72.29%	71.00%	72.19%	74.10%
Interest Burden Percent	91.06%	96.75%	96.61%	99.04%	97.35%	119.11%	92.79%	123.38%	105.55%	105.96%	107.22%
Effective Tax Rate	14.98%	29.04%	24.69%	25.24%	24.28%	0.00%	20.49%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	76.72%	53.24%	36.56%	84.02%	53.16%	-2.74%	8.87%	-3.74%	-18.75%	-20.75%	-24.57%
ROIC Less NNEP Spread (ROIC-NNEP)	70.74%	51.95%	35.64%	82.84%	67.78%	-0.77%	11.83%	0.30%	-14.45%	-13.37%	-32.88%
Return on Net Nonoperating Assets (RNNOA)	34.83%	23.34%	15.06%	11.52%	-1.70%	0.10%	-0.53%	-0.02%	0.98%	0.72%	-3.21%
Return on Equity (ROE)	111.55%	76.58%	51.62%	95.53%	51.46%	-2.63%	8.34%	-3.76%	-17.77%	-20.03%	-27.78%
Cash Return on Invested Capital (CROIC)	53.30%	86.00%	82.69%	52.19%	43.30%	35.98%	15.57%	10.41%	-6.09%	-27.83%	-24.19%
Operating Return on Assets (OROA)	38.59%	32.76%	20.55%	45.64%	28.70%	-1.35%	4.71%	-2.25%	-11.55%	-12.72%	-16.99%
Return on Assets (ROA)	29.88%	22.49%	14.95%	33.79%	21.16%	-1.45%	3.48%	-2.00%	-8.65%	-9.73%	-13.50%
Return on Common Equity (ROCE)	127.05%	69.18%	46.68%	88.08%	47.95%	-2.57%	8.15%	-3.67%	-17.38%	-19.58%	-27.14%
Return on Equity Simple (ROE_SIMPLE)	59.40%	0.00%	65.44%	52.22%	42.67%	0.00%	29.18%	12.56%	-5.03%	0.00%	-20.60%
Net Operating Profit after Tax (NOPAT)	1,190	678	401	1,039	816	-33	115	-52	-270	-268	-358
NOPAT Margin	9.32%	6.25%	4.31%	11.34%	7.60%	-0.36%	1.33%	-0.60%	-3.23%	-3.65%	-5.06%
Net Nonoperating Expense Percent (NNEP)	5.98%	1.29%	0.91%	1.18%	-14.62%	-1.97%	-2.95%	-4.04%	-4.30%	-7.38%	8.31%
Return On Investment Capital (ROIC_SIMPLE)	-	9.59%	-	-	-	-0.42%	-	-	-	-3.44%	-4.40%
Cost of Revenue to Revenue	87.68%	91.07%	93.80%	94.43%	88.56%	99.08%	97.48%	99.93%	103.44%	104.20%	105.95%
SG&A Expenses to Revenue	1.32%	0.86%	0.65%	1.14%	0.87%	1.15%	0.73%	0.74%	0.78%	0.91%	1.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	1.36%	0.13%	0.47%	-9.60%	1.40%	1.44%	0.85%	0.93%	1.17%	1.02%	1.29%
Earnings before Interest and Taxes (EBIT)	1,401	956	530	1,392	1,077	-45	146	-74	-386	-383	-511
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,536	1,101	681	1,541	1,226	98	294	88	-220	-216	-336
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.97	0.97	1.05	0.83	0.96	0.81	1.08	0.86	0.62	0.55	0.43
Price to Tangible Book Value (P/TBV)	0.97	0.97	1.05	0.83	0.96	0.81	1.08	0.86	0.62	0.55	0.43
Price to Revenue (P/Rev)	0.09	0.10	0.12	0.12	0.16	0.14	0.18	0.15	0.10	0.09	0.07
Price to Earnings (P/E)	1.70	1.66	1.65	1.62	2.29	2.44	3.73	6.95	0.00	0.00	0.00
Dividend Yield	0.00%	1.03%	1.43%	2.01%	1.91%	1.99%	1.58%	2.08%	3.23%	3.86%	5.50%
Earnings Yield	58.72%	60.31%	60.60%	61.64%	43.72%	40.91%	26.83%	14.38%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.98	0.97	1.05	0.83	0.96	0.76	1.08	0.86	0.63	0.61	0.57
Enterprise Value to Revenue (EV/Rev)	0.12	0.10	0.12	0.11	0.14	0.10	0.18	0.14	0.11	0.12	0.12
Enterprise Value to EBITDA (EV/EBITDA)	1.46	1.07	1.11	0.99	1.25	1.13	2.12	3.06	14.62	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	1.70	1.22	1.25	1.13	1.44	1.35	2.60	4.72	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	1.73	1.36	1.43	1.46	1.94	1.81	3.47	6.25	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	1.41	0.99	1.11	1.60	2.64	2.99	7.29	4.09	5.61	89.93	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	1.87	1.00	1.18	1.63	2.30	2.20	7.58	8.42	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.40	0.28	0.34	0.28	0.19	0.29	0.29	0.31	0.37	0.55
Long-Term Debt to Equity	0.41	0.30	0.28	0.34	0.28	0.19	0.29	0.29	0.31	0.37	0.55
Financial Leverage	0.49	0.45	0.42	0.14	-0.03	-0.13	-0.04	-0.05	-0.07	-0.05	0.10
Leverage Ratio	3.49	3.32	3.35	2.81	2.39	2.39	2.27	2.23	2.16	2.20	2.27
Compound Leverage Factor	3.18	3.21	3.23	2.78	2.32	2.85	2.11	2.75	2.28	2.33	2.43
Debt to Total Capital	34.12%	28.52%	22.08%	25.42%	21.87%	16.31%	22.46%	22.77%	23.91%	27.14%	35.48%
Short-Term Debt to Total Capital	7.08%	7.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	27.05%	21.11%	22.08%	25.42%	21.87%	16.31%	22.46%	22.77%	23.91%	27.14%	35.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	8.89%	1.79%	1.93%	1.67%	1.63%	1.80%	1.67%	1.70%	1.74%	1.72%	1.60%
Common Equity to Total Capital	56.98%	69.69%	75.99%	72.91%	76.50%	81.89%	75.87%	75.53%	74.35%	71.14%	62.92%
Debt to EBITDA	0.69	0.46	0.31	0.43	0.42	0.36	0.61	1.11	7.27	-39.46	-4.22
Net Debt to EBITDA	0.17	-0.04	-0.03	-0.07	-0.20	-0.39	-0.13	-0.20	0.16	-13.28	-2.29
Long-Term Debt to EBITDA	0.55	0.34	0.31	0.43	0.42	0.36	0.61	1.11	7.27	-39.46	-4.22
Debt to NOPAT	0.81	0.58	0.39	0.64	0.65	0.58	0.99	2.27	-7.44	-4.32	-3.04
Net Debt to NOPAT	0.20	-0.05	-0.03	-0.10	-0.31	-0.62	-0.21	-0.41	-0.17	-1.46	-1.65
Long-Term Debt to NOPAT	0.65	0.43	0.39	0.64	0.65	0.58	0.99	2.27	-7.44	-4.32	-3.04
Altman Z-Score	4.22	4.36	4.49	4.22	4.07	3.65	3.94	3.61	3.39	3.23	2.88
Noncontrolling Interest Sharing Ratio	-13.89%	9.66%	9.57%	7.80%	6.83%	2.31%	2.30%	2.22%	2.18%	2.25%	2.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.21	1.26	1.28	1.47	1.58	1.56	1.54	1.42	1.34	1.25	1.29
Quick Ratio	0.65	0.70	0.61	0.67	0.79	0.75	0.69	0.68	0.58	0.47	0.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	953	1,937	1,198	701	360	-422	-928	-266	-382	-1,400	-981
Operating Cash Flow to CapEx	796.25%	438.88%	174.34%	30.04%	389.43%	369.89%	10.96%	576.29%	-64.58%	-304.15%	-526.59%
Free Cash Flow to Firm to Interest Expense	7.77	65.88	64.08	50.82	12.66	-49.12	-88.36	-15.40	-17.85	-61.41	-26.59
Operating Cash Flow to Interest Expense	11.26	38.20	23.40	4.93	18.55	35.57	1.50	24.58	-3.18	-14.46	-17.92
Operating Cash Flow Less CapEx to Interest Expense	9.84	29.50	9.98	-11.49	13.79	25.95	-12.22	20.32	-8.10	-19.21	-21.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.52	3.72	3.60	3.00	2.86	2.74	2.80	2.65	2.51	2.44	2.35
Accounts Receivable Turnover	32.92	34.26	31.33	25.22	24.91	27.19	31.89	25.88	24.67	26.20	26.61
Inventory Turnover	14.54	16.00	14.59	13.23	12.52	12.08	12.40	12.54	12.06	11.59	11.26
Fixed Asset Turnover	8.86	9.13	8.97	8.48	7.96	7.41	7.17	7.52	7.02	6.59	6.28
Accounts Payable Turnover	58.45	47.73	35.30	38.88	34.58	39.62	41.66	40.55	32.16	39.52	35.47
Days Sales Outstanding (DSO)	11.09	10.65	11.65	14.47	14.65	13.42	11.45	14.10	14.80	13.93	13.71
Days Inventory Outstanding (DIO)	25.10	22.81	25.02	27.58	29.15	30.21	29.43	29.11	30.27	31.49	32.42
Days Payable Outstanding (DPO)	6.24	7.65	10.34	9.39	10.56	9.21	8.76	9.00	11.35	9.24	10.29
Cash Conversion Cycle (CCC)	29.94	25.82	26.33	32.67	33.25	34.42	32.11	34.21	33.72	36.19	35.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,494	4,869	5,145	5,847	5,950	5,259	6,188	6,061	6,062	6,391	6,812
Invested Capital Turnover	8.23	8.52	8.47	7.41	7.00	7.57	6.65	6.26	5.81	5.69	4.85
Increase / (Decrease) in Invested Capital	237	-1,259	-797	337	456	389	1,043	214	112	1,132	623
Enterprise Value (EV)	5,370	4,710	5,420	4,826	5,698	4,002	6,683	5,215	3,806	3,903	3,898
Market Capitalization	4,095	4,770	5,412	5,024	6,466	5,232	6,951	5,419	3,626	3,057	2,201
Book Value per Share	$34.60	$40.23	$39.84	$47.94	$54.36	$53.10	$53.86	$52.84	$50.21	$48.16	$44.36
Tangible Book Value per Share	$34.60	$40.23	$39.84	$47.94	$54.36	$53.10	$53.86	$52.84	$50.21	$48.16	$44.36
Total Capital	7,403	7,073	6,761	8,291	8,783	7,923	8,510	8,295	7,911	7,794	8,129
Total Debt	2,526	2,017	1,493	2,108	1,921	1,292	1,912	1,889	1,891	2,115	2,884
Total Long-Term Debt	2,002	1,493	1,493	2,108	1,921	1,292	1,912	1,889	1,891	2,115	2,884
Net Debt	618	-187	-123	-337	-912	-1,373	-410	-346	42	712	1,567
Capital Expenditures (CapEx)	173	256	251	227	135	83	144	74	105	108	126
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-237	-334	-346	485	636	596	599	424	307	382	624
Debt-free Net Working Capital (DFNWC)	1,672	1,870	1,270	2,002	2,528	2,379	2,041	1,792	1,284	918	1,092
Net Working Capital (NWC)	1,148	1,346	1,270	2,002	2,528	2,379	2,041	1,792	1,284	918	1,092
Net Nonoperating Expense (NNE)	106	22	15	8.15	22	15	7.87	14	19	24	48
Net Nonoperating Obligations (NNO)	618	-187	-123	-337	-912	-1,373	-410	-346	42	712	1,567
Total Depreciation and Amortization (D&A)	136	145	150	150	149	143	149	162	166	167	175
Debt-free, Cash-free Net Working Capital to Revenue	-0.54%	-0.71%	-0.74%	1.15%	1.59%	1.55%	1.59%	1.14%	0.88%	1.15%	1.98%
Debt-free Net Working Capital to Revenue	3.78%	3.99%	2.70%	4.76%	6.31%	6.21%	5.42%	4.81%	3.68%	2.77%	3.46%
Net Working Capital to Revenue	2.60%	2.87%	2.70%	4.76%	6.31%	6.21%	5.42%	4.81%	3.68%	2.77%	3.46%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.65	$5.07	$2.97	$8.14	$6.35	($0.33)	$0.89	($0.56)	($2.48)	($2.44)	($3.53)
Adjusted Weighted Average Basic Shares Outstanding	122.11M	122.60M	128.79M	125.29M	123.79M	124.95M	119.86M	117.04M	115.08M	116.25M	113.75M
Adjusted Diluted Earnings per Share	$8.40	$4.97	$2.86	$7.88	$6.11	($0.33)	$0.86	($0.56)	($2.49)	($2.41)	($3.53)
Adjusted Weighted Average Diluted Shares Outstanding	126.59M	126.86M	134.50M	130.45M	129.69M	130.51M	124.67M	117.91M	115.95M	117.11M	114.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	122.52M	128.98M	126.10M	123.60M	122.20M	119.56M	118.56M	117.15M	115.12M	115.31M	115.65M
Normalized Net Operating Profit after Tax (NOPAT)	1,193	620	387	1,026	865	-88	113	-52	-270	-268	-358
Normalized NOPAT Margin	9.34%	5.72%	4.17%	11.21%	8.06%	-0.96%	1.31%	-0.60%	-3.23%	-3.65%	-5.06%
Pre Tax Income Margin	9.99%	8.52%	5.51%	15.05%	9.77%	-0.59%	1.56%	-1.05%	-4.86%	-5.51%	-7.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.42	32.51	28.36	100.84	37.93	-5.23	13.88	-4.28	-18.03	-16.78	-13.85
NOPAT to Interest Expense	9.71	23.06	21.44	75.26	28.72	-3.84	10.99	-3.02	-12.64	-11.76	-9.70
EBIT Less CapEx to Interest Expense	10.01	23.80	14.94	84.41	33.17	-14.85	0.15	-8.54	-22.95	-21.53	-17.25
NOPAT Less CapEx to Interest Expense	8.29	14.36	8.02	58.83	23.95	-13.46	-2.74	-7.28	-17.56	-16.52	-13.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.56%	2.48%	2.67%	3.39%	4.35%	5.14%	6.14%	14.99%	-40.41%	-22.33%	-11.54%
Augmented Payout Ratio	1.56%	17.95%	21.34%	26.45%	33.75%	29.77%	32.15%	77.24%	-192.43%	-83.25%	-30.91%

Frequently Asked Questions About PBF Energy's Financials

When does PBF Energy's fiscal year end?

According to the most recent income statement we have on file, PBF Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PBF Energy's net income changed over the last 10 years?

PBF Energy's net income appears to be on an upward trend, with a most recent value of -$540.20 million in 2024, falling from $78.27 million in 2014. The previous period was $2.16 billion in 2023. See PBF Energy's forecast for analyst expectations on what’s next for the company.

What is PBF Energy's operating income?

PBF Energy's total operating income in 2024 was -$699 million, based on the following breakdown:

Total Gross Profit: -$372.20 million
Total Operating Expenses: $326.80 million

How has PBF Energy revenue changed over the last 10 years?

Over the last 10 years, PBF Energy's total revenue changed from $19.83 billion in 2014 to $33.12 billion in 2024, a change of 67.0%.

How much debt does PBF Energy have?

PBF Energy's total liabilities were at $7.02 billion at the end of 2024, a 9.4% decrease from 2023, and a 102.4% increase since 2014.

How much cash does PBF Energy have?

In the past 9 years, PBF Energy's cash and equivalents has ranged from $397.87 million in 2014 to $2.20 billion in 2022, and is currently $536.10 million as of their latest financial filing in 2024.

How has PBF Energy's book value per share changed over the last 10 years?

Over the last 10 years, PBF Energy's book value per share changed from 14.58 in 2014 to 48.16 in 2024, a change of 230.4%.

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This page (NYSE:PBF) was last updated on 5/5/2025 by MarketBeat.com Staff

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