PBF Energy (PBF) Financials

$40.71 +0.12 (+0.29%)

Closing price 03:59 PM Eastern

Extended Trading

$40.85 +0.15 (+0.36%)

As of 04:59 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	146	171	416	128	319	-1,392	231	2,877	2,141	-534	-159
Consolidated Net Income / (Loss)	196	226	483	175	375	-1,333	316	2,973	2,162	-540	-161
Net Income / (Loss) Continuing Operations	196	213	483	175	375	-1,333	316	2,973	2,162	-540	-161
Total Pre-Tax Income	282	363	799	209	480	-1,331	328	3,558	2,886	-769	-235
Total Operating Income	360	499	732	358	649	-1,417	597	4,153	2,952	-699	-54
Total Gross Profit	550	14,281	961	603	913	-1,630	887	4,679	2,399	-372	-571
Total Revenue	13,124	15,920	21,787	27,186	24,508	15,116	27,253	46,830	38,325	33,115	29,332
Operating Revenue	13,124	15,920	21,787	27,186	24,508	15,116	27,253	46,830	38,325	33,115	29,332
Total Cost of Revenue	12,574	1,639	20,826	26,584	23,595	16,746	26,366	42,152	35,926	33,488	29,903
Operating Cost of Revenue	12,574	1,639	20,826	26,584	23,595	14,827	24,280	39,553	33,231	30,881	27,257
Other Cost of Revenue	-	-	-	-	-	1,918	2,086	2,599	2,695	2,606	2,646
Total Operating Expenses	190	13,782	229	245	264	-213	290	525	-553	327	-517
Selling, General & Admin Expense	181	166	215	277	284	249	247	469	363	260	332
Depreciation Expense	9.69	5.84	13	11	11	11	13	7.50	12	13	14
Other Operating Expenses / (Income)	-	13,598	0.00	-	-	-	0.00	0.00	-880	56	62
Other Special Charges / (Income)	-1.00	11	1.50	-43	-31	-572	29	49	-47	-2.90	-926
Total Other Income / (Expense), net	-78	-149	67	-149	-170	86	-270	-596	-66	-70	-180
Interest Expense	106	150	180	170	160	280	238	312	70	72	182
Interest & Investment Income	10	1.42	-2.20	5.60	-9.70	-12	8.50	-2.00	1.10	0.00	0.00
Other Income / (Expense), net	18	-0.58	250	15	-0.20	378	-41	-282	2.70	2.40	1.30
Income Tax Expense	87	138	316	34	104	2.10	12	585	724	-228	-74
Net Income / (Loss) Attributable to Noncontrolling Interest	49	-	68	47	56	59	85	96	22	-6.40	-2.00
Basic Earnings per Share	$1.66	-	$3.78	$1.11	$2.66	($11.64)	$1.92	$23.47	$17.13	($4.59)	($1.39)
Weighted Average Basic Shares Outstanding	88.11M	98.20M	109.78M	115.19M	119.89M	119.62M	120.24M	122.60M	124.95M	116.25M	114.05M
Diluted Earnings per Share	$1.65	-	$3.73	$1.10	$2.64	($11.64)	$1.90	$22.84	$16.52	($4.60)	($1.39)
Weighted Average Diluted Shares Outstanding	94.14M	98.20M	113.90M	118.77M	121.85M	120.66M	122.64M	126.86M	130.51M	117.11M	114.92M
Weighted Average Basic & Diluted Shares Outstanding	88.20M	98.20M	109.90M	119.85M	119.78M	120.10M	120.34M	128.98M	119.56M	115.31M	116.93M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	786	-48	107	-65	-286	-289	-402	-5.20	170	78	198
Consolidated Net Income / (Loss)	794	-48	108	-66	-289	-293	-406	-5.40	172	79	200
Net Income / (Loss) Continuing Operations	794	-48	108	-66	-289	-293	-406	-5.40	172	79	200
Total Pre-Tax Income	1,049	-54	135	-91	-407	-405	-548	-11	236	88	259
Total Operating Income	1,077	-47	145	-75	-386	-383	-511	43	286	128	300
Total Gross Profit	1,228	84	218	6.30	-288	-309	-420	-58	39	-132	279
Total Revenue	10,734	9,139	8,646	8,736	8,382	7,351	7,066	7,475	7,651	7,140	7,904
Operating Revenue	10,734	9,139	8,646	8,736	8,382	7,351	7,066	7,475	7,651	7,140	7,904
Total Cost of Revenue	9,506	9,055	8,427	8,730	8,671	7,660	7,487	7,533	7,612	7,272	7,626
Operating Cost of Revenue	8,860	8,384	7,739	8,117	8,021	7,004	6,755	6,902	6,998	6,603	6,937
Other Cost of Revenue	645	671	688	613	650	656	732	632	614	669	689
Total Operating Expenses	151	131	73	81	98	75	91	-101	-247	-260	-21
Selling, General & Admin Expense	93	105	63	65	65	67	70	80	74	108	90
Depreciation Expense	3.80	3.50	3.20	3.30	3.30	3.40	3.60	3.60	3.60	3.60	3.80
Other Operating Expenses / (Income)	-11	101	9.50	12	29	4.80	17	4.30	20	21	-8.30
Other Special Charges / (Income)	65	-78	-2.80	0.20	0.00	-0.30	0.00	-189	-344	-392	-106
Total Other Income / (Expense), net	-28	-6.40	-9.90	-17	-21	-22	-37	-54	-50	-40	-41
Interest Expense	28	8.60	11	17	21	23	37	54	50	41	42
Other Income / (Expense), net	0.10	2.20	0.60	0.60	0.50	0.70	0.30	0.30	0.40	0.30	1.00
Income Tax Expense	255	-5.20	28	-25	-118	-113	-142	-5.10	64	8.60	58
Net Income / (Loss) Attributable to Noncontrolling Interest	7.70	-	0.90	-0.80	-3.20	-3.30	-4.10	-0.20	1.60	0.70	1.90
Basic Earnings per Share	$6.35	($0.33)	$0.89	($0.56)	($2.48)	($2.44)	($3.53)	($0.05)	$1.47	$0.72	$1.69
Weighted Average Basic Shares Outstanding	123.79M	124.95M	119.86M	117.04M	115.08M	116.25M	113.75M	113.85M	115.73M	114.05M	117.19M
Diluted Earnings per Share	$6.11	($0.33)	$0.86	($0.56)	($2.49)	($2.41)	($3.53)	($0.05)	$1.45	$0.74	$1.65
Weighted Average Diluted Shares Outstanding	129.69M	130.51M	124.67M	117.91M	115.95M	117.11M	114.62M	114.72M	117.96M	114.92M	120.58M
Weighted Average Basic & Diluted Shares Outstanding	122.20M	119.56M	118.56M	117.15M	115.12M	115.31M	115.65M	115.70M	115.85M	116.93M	118.31M

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	321	546	-198	-173	45	795	-306	862	-420	-1,247	-8.20
Net Cash From Operating Activities	456	560	652	686	934	-632	477	4,772	1,339	43	-78
Net Cash From Continuing Operating Activities	456	560	652	686	898	-632	477	4,772	1,339	43	-78
Net Income / (Loss) Continuing Operations	78	196	226	483	375	-1,333	316	2,973	2,162	-540	-161
Consolidated Net Income / (Loss)	78	196	226	483	375	-1,333	316	2,973	2,162	-540	-161
Depreciation Expense	188	207	233	300	448	581	484	534	592	643	663
Non-Cash Adjustments To Reconcile Net Income	622	520	-472	-184	-198	0.30	-683	166	-777	108	-224
Changes in Operating Assets and Liabilities, net	-432	-362	666	86	274	120	361	1,100	-638	-167	-357
Net Cash From Investing Activities	-664	-812	-1,394	-687	-713	-1,027	-389	-1,011	-339	-1,042	-480
Net Cash From Continuing Investing Activities	-664	-812	-2,268	-687	-713	-1,027	-389	-1,011	-339	-1,042	-480
Purchase of Property, Plant & Equipment	-494	-362	-341	-338	-450	-205	-278	-699	-700	-432	-782
Acquisitions	0.00	-565	-2,146	-10	0.00	-1,176	0.00	0.00	-15	-35	-25
Sale of Property, Plant & Equipment	203	168	25	0.00	36	543	7.20	0.00	4.40	0.00	170
Sale and/or Maturity of Investments	1,684	2,068	2,104	115	-	-	0.00	0.00	846	1.80	3.40
Other Investing Activities, net	-138	-54	-	-379	-299	-188	-118	-312	-474	-577	153
Net Cash From Financing Activities	528	798	544	-172	-3.30	2,453	-357	-2,899	-1,420	-249	550
Net Cash From Continuing Financing Activities	528	798	305	156	-140	2,453	-394	-2,899	-1,420	-249	550
Repayment of Debt	-535	-536	-589	-1,981	-1,362	-1,305	-306	-2,776	-1,241	-12	-3,349
Repurchase of Common Equity	-148	-8.07	-0.74	-1.00	-4.90	-1.60	0.00	-460	-533	-329	0.00
Payment of Dividends	-183	-149	-139	-180	-209	-82	-40	-74	-111	-121	-127
Issuance of Debt	1,053	1,147	621	2,297	1,350	3,801	0.00	400	497	200	4,014
Other Financing Activities, net	-0.08	0.00	0.00	21	-46	41	-49	11	-32	13	12
Cash Interest Paid	98	97	138	167	172	220	307	250	104	93	157
Cash Income Taxes Paid	66	124	3.84	0.00	2.70	2.10	5.70	149	299	18	4.00

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	376	-109	-342	-74	-391	-441	-68	122	-109	46	14
Net Cash From Operating Activities	527	306	16	425	-68	-330	-661	191	26	367	-324
Net Cash From Continuing Operating Activities	527	306	16	425	-68	-330	-661	191	26	367	-324
Net Income / (Loss) Continuing Operations	794	-48	108	-66	-289	-293	-406	-5.40	172	79	200
Consolidated Net Income / (Loss)	794	-48	108	-66	-289	-293	-406	-5.40	172	79	200
Depreciation Expense	149	143	149	162	166	167	175	166	167	154	164
Non-Cash Adjustments To Reconcile Net Income	32	111	-9.40	34	206	-123	-84	-44	-303	207	-406
Changes in Operating Assets and Liabilities, net	-448	100	-231	295	-150	-81	-347	74	-11	-73	-282
Net Cash From Investing Activities	209	-233	-284	-333	-187	-237	-218	-154	-88	-21	-402
Net Cash From Continuing Investing Activities	209	-233	-284	-333	-187	-237	-218	-154	-88	-21	-402
Purchase of Property, Plant & Equipment	-135	-83	-144	-74	-105	-108	-126	-181	-161	-315	-373
Sale and/or Maturity of Investments	415	0.50	0.30	0.20	0.40	0.90	0.80	0.90	0.80	0.90	1.20
Other Investing Activities, net	-55	-151	-141	-260	-48	-129	-93	27	-99	318	-30
Net Cash From Financing Activities	-360	-182	-73	-166	-135	126	811	85	-46	-300	739
Net Cash From Continuing Financing Activities	-360	-182	-73	-166	-135	126	811	85	-46	-300	739
Repayment of Debt	-706	-3.00	-3.10	-3.10	-3.00	-3.10	-1,165	-1,053	-728	-403	-253
Payment of Dividends	-27	-31	-31	-30	-29	-32	-32	-32	-32	-32	-32
Issuance of Debt	-	-	0.00	-	-	200	1,939	1,200	725	150	900
Other Financing Activities, net	-8.60	1.40	85	-34	-28	-11	69	-30	-12	-15	124
Cash Interest Paid	52	-2.60	46	22	25	-0.20	49	12	90	6.80	76
Cash Income Taxes Paid	84	88	0.10	13	1.10	3.10	0.10	2.30	0.70	0.90	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	2025
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	12/31/2025
Total Assets	5,164	6,105	7,622	8,118	8,005	10,500	11,641	13,549	14,388	12,703	13,020
Total Current Assets	2,347	3,022	3,407	3,803	3,237	3,867	5,199	6,546	6,597	4,544	4,452
Cash & Equivalents	398	944	746	573	597	1,610	1,342	2,204	1,784	536	528
Accounts Receivable	551	455	620	953	718	513	1,278	1,456	1,363	1,165	1,167
Inventories, net	1,102	1,174	1,864	2,214	1,866	1,686	2,505	2,764	3,183	2,595	2,563
Prepaid Expenses	73	77	137	64	56	59	75	123	268	248	194
Plant, Property, & Equipment, net	1,937	2,357	3,329	3,479	3,821	4,843	4,902	5,361	4,978	5,068	5,518
Total Noncurrent Assets	880	726	886	836	948	1,789	1,540	1,642	2,813	3,092	3,050
Long-Term Investments	235	234	-	-	-	-	-	0.00	881	867	826
Other Noncurrent Operating Assets	300	291	507	782	899	1,789	1,540	1,642	1,932	2,225	2,224
Total Liabilities & Shareholders' Equity	5,164	6,105	7,622	8,118	8,005	10,500	11,641	13,549	14,388	12,703	13,020
Total Liabilities	3,471	4,009	5,051	5,215	4,757	8,298	9,109	8,493	7,757	7,025	7,570
Total Current Liabilities	1,543	1,496	2,057	2,419	2,135	2,452	3,760	5,201	4,217	3,626	3,669
Accounts Payable	335	316	536	579	488	407	912	855	959	736	801
Accrued Expenses	1,131	1,119	1,468	1,815	1,624	1,912	2,740	3,721	3,020	2,534	2,663
Current Deferred Revenue	1.23	4.04	13	8.93	20	47	43	41	64	44	21
Other Current Liabilities	-	-	-	-	-	78	65	61	131	188	184
Total Noncurrent Liabilities	1,928	2,514	2,995	2,796	2,622	5,846	5,349	3,292	3,539	3,399	3,901
Long-Term Debt	1,228	1,840	2,109	2,175	1,931	4,654	4,296	1,435	1,246	1,457	2,148
Capital Lease Obligations	-	-	-	-	-	756	641	58	46	658	569
Noncurrent Deferred & Payable Income Tax Liabilities	637	605	657	395	414	100	160	874	1,367	1,004	932
Other Noncurrent Operating Liabilities	63	69	229	226	277	337	252	926	880	279	252
Commitments & Contingencies	0.00	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	5,450
Total Preferred & Common Equity	1,218	1,647	2,025	2,337	2,677	1,643	1,926	4,929	6,488	5,544	5,320
Preferred Stock	0.00	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	5,320
Common Stock	1,509	1,905	2,246	2,278	2,634	2,846	2,874	3,202	3,279	3,339	3,397
Retained Earnings	-123	-83	-45	237	226	-1,027	-796	2,056	4,090	3,436	3,150
Treasury Stock	-143	-151	-152	-153	-161	-167	-169	-327	-868	-1,223	-1,238
Accumulated Other Comprehensive Income / (Loss)	-24	-23	-24	-25	-22	-9.10	17	-1.50	-12	-8.00	9.80
Noncontrolling Interest	475	449	546	566	572	560	607	127	143	134	130

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	Q2 2025	Q3 2025	Q1 2026
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	6/30/2025	9/30/2025	3/31/2026
Total Assets	13,304	13,139	14,034	14,693	13,808	14,076	13,131	13,028	12,980	13,041	14,719
Total Current Assets	6,572	5,867	6,305	6,921	5,822	6,047	5,109	4,862	4,766	4,811	5,831
Cash & Equivalents	1,909	1,616	1,517	1,893	1,442	1,367	977	469	591	482	542
Accounts Receivable	1,630	1,184	1,369	1,583	1,179	1,510	1,246	1,191	1,125	1,377	1,937
Inventories, net	2,690	2,855	2,832	3,181	2,891	2,864	2,606	2,891	2,770	2,743	3,078
Prepaid Expenses	344	212	587	264	310	306	281	312	280	210	274
Plant, Property, & Equipment, net	5,133	5,517	4,909	4,922	4,994	4,997	5,015	5,044	5,146	5,194	5,709
Total Noncurrent Assets	1,600	1,756	2,821	2,850	2,993	3,033	3,006	3,122	3,069	3,036	3,179
Long-Term Investments	-	-	928	940	880	867	872	849	844	823	833
Other Noncurrent Operating Assets	1,600	1,756	1,894	1,910	2,113	2,165	2,134	2,273	2,225	2,212	2,345
Total Liabilities & Shareholders' Equity	13,304	13,139	14,034	14,693	13,808	14,076	13,131	13,028	12,980	13,041	14,719
Total Liabilities	8,428	7,871	7,851	7,831	7,210	7,670	7,111	7,783	7,764	7,676	9,066
Total Current Liabilities	5,424	4,597	4,302	4,393	3,781	4,256	3,826	3,770	3,632	3,497	4,437
Accounts Payable	912	750	635	1,213	961	1,126	956	874	928	822	862
Accrued Expenses	3,851	3,637	3,410	2,909	2,451	2,822	2,536	2,625	2,465	2,472	3,320
Current Deferred Revenue	75	74	75	80	75	21	41	64	50	29	55
Other Current Liabilities	62	74	121	130	173	165	171	206	189	174	199
Total Noncurrent Liabilities	3,004	3,274	3,549	3,438	3,429	3,414	3,286	4,013	4,133	4,179	4,629
Long-Term Debt	1,448	1,438	1,442	1,243	1,249	1,252	1,254	2,237	2,390	2,394	2,802
Capital Lease Obligations	555	55	666	678	663	637	637	647	612	594	23
Noncurrent Deferred & Payable Income Tax Liabilities	613	855	1,125	1,229	1,249	1,253	1,127	862	856	920	990
Other Noncurrent Operating Liabilities	388	926	316	288	269	273	268	267	274	271	815
Commitments & Contingencies	0.00	0.00	0.00	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	5,216	5,365	5,653
Total Preferred & Common Equity	4,218	5,138	6,045	6,719	6,456	6,265	5,882	5,115	5,087	5,234	5,521
Preferred Stock	0.00	0.00	0.00	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	5,087	5,234	5,521
Common Stock	2,931	3,223	3,237	3,265	3,312	3,318	3,325	3,348	3,357	3,367	3,441
Retained Earnings	1,443	2,412	3,407	4,169	4,167	4,072	3,757	3,002	2,965	3,104	3,316
Treasury Stock	-171	-496	-598	-714	-1,011	-1,113	-1,189	-1,228	-1,229	-1,231	-1,247
Accumulated Other Comprehensive Income / (Loss)	15	-1.10	-1.50	-2.10	-12	-12	-11	-7.30	-7.00	-6.50	9.90
Noncontrolling Interest	658	130	138	143	142	141	138	130	130	131	132

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-33.81%	21.31%	36.85%	24.78%	-9.85%	-38.32%	80.30%	71.83%	-18.16%	-13.59%	-11.42%
EBITDA Growth	72.71%	25.04%	75.04%	-41.32%	45.84%	-141.77%	327.23%	323.41%	-19.52%	-101.51%	1,237.69%
EBIT Growth	151.08%	31.89%	96.66%	-61.97%	73.89%	-260.14%	153.58%	595.47%	-23.70%	-123.58%	92.39%
NOPAT Growth	20.57%	24.33%	42.71%	-32.08%	68.91%	-295.29%	157.99%	503.42%	-36.29%	-122.13%	92.23%
Net Income Growth	149.82%	15.34%	114.35%	-63.74%	114.03%	-455.36%	123.66%	842.25%	-27.27%	-124.99%	70.29%
EPS Growth	423.53%	0.00%	0.00%	-70.51%	140.00%	-540.91%	116.32%	1,102.11%	-27.67%	-127.85%	69.78%
Operating Cash Flow Growth	22.81%	16.33%	5.18%	22.21%	11.40%	-167.66%	175.57%	899.79%	-71.95%	-96.76%	-279.72%
Free Cash Flow Firm Growth	-172.19%	-293.85%	83.08%	262.18%	4,263.96%	-218.43%	103.72%	935.19%	-61.48%	-188.98%	71.61%
Invested Capital Growth	20.50%	42.61%	14.98%	1.40%	-214.81%	214.17%	1.97%	-20.54%	8.00%	21.52%	6.61%
Revenue Q/Q Growth	-8.12%	9.55%	-14.49%	23.85%	0.04%	-14.90%	20.25%	5.88%	-4.27%	-5.12%	-0.72%
EBITDA Q/Q Growth	132.11%	79.77%	15.45%	-48.66%	111.56%	-111.79%	55.14%	19.97%	-22.04%	-120.59%	444.46%
EBIT Q/Q Growth	600.78%	176.09%	58.90%	-71.66%	654.42%	-43.45%	362.76%	22.50%	-25.30%	-93.99%	90.60%
NOPAT Q/Q Growth	560.24%	184.92%	11.80%	-58.16%	809.11%	-46.71%	3,834.69%	11.86%	-24.62%	-92.56%	90.40%
Net Income Q/Q Growth	5,279.68%	600.04%	63.97%	-77.59%	1,024.14%	-36.30%	297.68%	18.64%	-24.58%	-82.50%	69.84%
EPS Q/Q Growth	317.11%	0.00%	0.00%	-82.59%	410.59%	-33.18%	199.48%	18.77%	-24.29%	-82.54%	69.38%
Operating Cash Flow Q/Q Growth	63.03%	-7.95%	-15.93%	-1.88%	69.73%	-116.82%	-1.93%	25.56%	-37.91%	-93.61%	89.93%
Free Cash Flow Firm Q/Q Growth	-167.27%	32.94%	18.76%	-52.05%	2,110.05%	-1,176.48%	31.58%	65.06%	-26.46%	-343.29%	66.69%
Invested Capital Q/Q Growth	7.51%	-0.78%	-0.40%	-3.75%	-198.68%	6.95%	16.58%	-11.37%	-11.62%	5.43%	-3.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	4.19%	89.70%	4.41%	2.22%	3.73%	-10.78%	3.26%	9.99%	6.26%	-1.12%	-1.95%
EBITDA Margin	4.46%	4.60%	5.88%	2.77%	4.47%	-3.03%	3.82%	9.41%	9.25%	-0.16%	2.08%
Operating Margin	2.74%	3.14%	3.36%	1.32%	2.65%	-9.37%	2.19%	8.87%	7.70%	-2.11%	-0.19%
EBIT Margin	2.88%	3.13%	4.50%	1.37%	2.65%	-6.87%	2.04%	8.27%	7.71%	-2.10%	-0.18%
Profit (Net Income) Margin	1.49%	1.42%	2.22%	0.64%	1.53%	-8.82%	1.16%	6.35%	5.64%	-1.63%	-0.55%
Tax Burden Percent	69.27%	62.10%	60.50%	83.96%	78.25%	100.16%	96.31%	83.56%	74.92%	70.28%	68.41%
Interest Burden Percent	74.62%	72.80%	81.44%	55.96%	73.91%	128.12%	58.85%	91.89%	97.68%	110.34%	442.64%
Effective Tax Rate	30.73%	37.90%	39.50%	16.04%	21.75%	0.00%	3.69%	16.44%	25.08%	0.00%	0.00%
Return on Invested Capital (ROIC)	9.89%	9.27%	10.47%	6.60%	0.00%	-265.96%	9.48%	63.11%	43.66%	-8.40%	-0.58%
ROIC Less NNEP Spread (ROIC-NNEP)	1.31%	0.91%	13.21%	-1.88%	0.00%	-219.06%	2.46%	33.91%	49.98%	7.01%	-12.38%
Return on Net Nonoperating Assets (RNNOA)	0.43%	0.39%	7.19%	-0.90%	0.00%	144.88%	3.85%	15.23%	-6.67%	-0.38%	-2.31%
Return on Equity (ROE)	10.32%	9.67%	17.66%	5.70%	23.10%	-121.08%	13.33%	78.35%	37.00%	-8.78%	-2.88%
Cash Return on Invested Capital (CROIC)	-8.70%	-25.85%	-3.46%	5.21%	0.00%	-204.09%	7.53%	86.00%	35.98%	-27.83%	-6.97%
Operating Return on Assets (OROA)	6.71%	7.27%	12.47%	4.63%	7.57%	-10.58%	5.03%	30.74%	21.15%	-5.14%	-0.41%
Return on Assets (ROA)	3.47%	3.29%	6.14%	2.17%	4.38%	-13.58%	2.85%	23.60%	15.48%	-3.99%	-1.25%
Return on Common Equity (ROCE)	7.80%	7.61%	14.07%	4.64%	19.03%	-90.32%	10.04%	70.78%	36.14%	-8.58%	-2.82%
Return on Equity Simple (ROE_SIMPLE)	11.87%	11.14%	20.69%	6.55%	0.00%	-81.16%	16.38%	60.31%	33.32%	-9.74%	0.00%
Net Operating Profit after Tax (NOPAT)	249	310	443	301	508	-992	575	3,470	2,211	-489	-38
NOPAT Margin	1.90%	1.95%	2.03%	1.11%	2.07%	-6.56%	2.11%	7.41%	5.77%	-1.48%	-0.13%
Net Nonoperating Expense Percent (NNEP)	8.58%	8.36%	-2.74%	8.48%	-6.75%	-46.90%	7.01%	29.20%	-6.31%	-15.41%	11.81%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	49.07%	27.91%	-6.28%	-0.47%
Cost of Revenue to Revenue	95.81%	10.30%	95.59%	97.78%	96.27%	110.78%	96.74%	90.01%	93.74%	101.12%	101.95%
SG&A Expenses to Revenue	1.38%	1.04%	0.98%	1.02%	1.16%	1.64%	0.91%	1.00%	0.95%	0.79%	1.13%
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	1.45%	86.57%	1.05%	0.90%	1.08%	-1.41%	1.06%	1.12%	-1.44%	0.99%	-1.76%
Earnings before Interest and Taxes (EBIT)	378	499	981	373	649	-1,039	557	3,872	2,954	-697	-53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	585	732	1,281	752	1,096	-458	1,041	4,406	3,546	-54	610
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.74	1.13	1.47	1.33	0.58	0.50	0.77	0.97	0.81	0.55	0.59
Price to Tangible Book Value (P/TBV)	1.74	1.13	1.47	1.33	0.58	0.50	0.77	0.97	0.81	0.55	0.59
Price to Revenue (P/Rev)	0.22	0.14	0.16	0.13	0.14	0.05	0.05	0.10	0.14	0.09	0.11
Price to Earnings (P/E)	19.55	13.38	8.24	27.65	11.12	0.00	6.45	1.66	2.44	0.00	0.00
Dividend Yield	4.09%	5.15%	3.86%	4.06%	4.05%	17.70%	0.00%	1.03%	1.99%	3.86%	4.06%
Earnings Yield	5.12%	7.47%	12.13%	3.62%	8.99%	0.00%	15.51%	60.31%	40.91%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.44	1.07	1.24	1.19	0.00	0.86	0.93	0.97	0.76	0.61	0.68
Enterprise Value to Revenue (EV/Rev)	0.30	0.26	0.26	0.20	0.22	0.34	0.21	0.10	0.10	0.12	0.16
Enterprise Value to EBITDA (EV/EBITDA)	6.79	5.73	4.38	7.26	4.89	0.00	5.47	1.07	1.13	0.00	7.60
Enterprise Value to EBIT (EV/EBIT)	10.50	8.41	5.72	14.62	8.27	0.00	10.22	1.22	1.35	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	15.92	13.52	12.67	18.15	10.57	0.00	9.90	1.36	1.81	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.09	6.43	8.18	6.51	5.75	0.00	11.92	0.99	2.99	89.93	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	22.99	0.52	0.00	12.46	1.00	2.20	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.88	0.84	0.76	0.60	0.00	2.46	1.95	0.40	0.19	0.37	0.50
Long-Term Debt to Equity	0.88	0.82	0.75	0.59	0.00	2.46	1.95	0.30	0.19	0.37	0.50
Financial Leverage	0.33	0.43	0.54	0.48	-1.21	-0.66	1.56	0.45	-0.13	-0.05	0.19
Leverage Ratio	2.97	2.94	2.88	2.62	5.28	8.91	4.68	3.32	2.39	2.20	2.31
Compound Leverage Factor	2.22	2.14	2.34	1.47	3.90	11.42	2.75	3.05	2.34	2.43	10.23
Debt to Total Capital	46.75%	45.52%	43.02%	37.31%	100.00%	71.10%	66.09%	28.52%	16.31%	27.14%	33.27%
Short-Term Debt to Total Capital	0.00%	0.84%	0.33%	0.05%	0.00%	0.10%	0.00%	7.41%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	46.75%	44.68%	42.69%	37.27%	100.00%	71.00%	66.09%	21.11%	16.31%	27.14%	33.27%
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	11.40%	11.56%	11.12%	11.04%	26.20%	7.34%	8.12%	1.79%	1.80%	1.72%	1.60%
Common Equity to Total Capital	41.85%	42.91%	45.86%	51.65%	0.00%	21.56%	25.79%	69.69%	81.89%	71.14%	65.13%
Debt to EBITDA	3.14	2.94	1.71	2.57	1.90	-11.83	4.74	0.46	0.36	-39.46	4.46
Net Debt to EBITDA	1.13	1.86	1.26	1.78	1.16	-8.32	3.46	-0.04	-0.39	-13.28	2.24
Long-Term Debt to EBITDA	3.14	2.88	1.70	2.57	1.90	-11.81	4.74	0.34	0.36	-39.46	4.46
Debt to NOPAT	7.38	6.93	4.95	6.43	4.10	-5.46	8.58	0.58	0.58	-4.32	-71.48
Net Debt to NOPAT	2.65	4.39	3.66	4.45	2.50	-3.84	6.25	-0.05	-0.62	-1.46	-35.86
Long-Term Debt to NOPAT	7.38	6.80	4.91	6.42	4.10	-5.45	8.58	0.43	0.58	-4.32	-71.48
Altman Z-Score	3.06	2.78	3.72	4.20	3.36	1.20	2.65	5.07	4.34	3.15	2.90
Noncontrolling Interest Sharing Ratio	24.38%	21.31%	20.32%	18.51%	17.61%	25.41%	24.63%	9.66%	2.31%	2.25%	2.38%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.02	1.66	1.57	1.52	0.00	1.58	1.38	1.26	1.56	1.25	1.21
Quick Ratio	0.94	0.68	0.63	0.62	0.00	0.87	0.70	0.70	0.75	0.47	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-220	-865	-146	237	10,357	-12,266	457	4,729	1,822	-1,621	-460
Operating Cash Flow to CapEx	288.98%	205.95%	202.93%	0.00%	225.87%	0.00%	176.26%	682.40%	192.40%	10.06%	-12.75%
Free Cash Flow to Firm to Interest Expense	-2.07	-5.76	-0.81	1.40	64.89	-43.74	1.92	15.15	26.21	-22.52	-2.53
Operating Cash Flow to Interest Expense	5.28	4.34	3.81	4.93	5.85	-2.25	2.01	15.29	19.26	0.60	-0.43
Operating Cash Flow Less CapEx to Interest Expense	3.45	2.24	1.93	7.19	3.26	-1.05	0.87	13.05	9.25	-5.39	-3.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.33	2.32	2.77	3.37	2.86	1.54	2.46	3.72	2.74	2.44	2.28
Accounts Receivable Turnover	26.09	29.62	27.71	32.54	31.56	22.43	30.44	34.26	27.19	26.20	25.16
Inventory Turnover	11.05	1.08	10.22	13.03	11.83	8.79	12.58	16.00	12.08	11.59	11.59
Fixed Asset Turnover	6.11	5.60	6.40	7.45	0.00	0.00	5.59	9.13	7.41	6.59	5.54
Accounts Payable Turnover	38.63	3.85	37.37	49.83	13.11	9.52	39.99	47.73	39.62	39.52	38.92
Days Sales Outstanding (DSO)	13.99	12.32	13.17	11.22	11.57	16.27	11.99	10.65	13.42	13.93	14.51
Days Inventory Outstanding (DIO)	33.04	338.24	35.73	28.01	30.85	41.51	29.01	22.81	30.21	31.49	31.48
Days Payable Outstanding (DPO)	9.45	94.81	9.77	7.32	27.84	38.34	9.13	7.65	9.21	9.24	9.38
Cash Conversion Cycle (CCC)	37.58	255.75	39.14	31.90	14.57	19.44	31.87	25.82	34.42	36.19	36.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,758	3,933	4,522	4,585	-5,264	6,010	6,128	4,869	5,259	6,391	6,813
Invested Capital Turnover	5.20	4.76	5.15	5.97	-72.18	40.54	4.49	8.52	7.57	5.69	4.44
Increase / (Decrease) in Invested Capital	469	1,175	589	63	-9,849	11,274	118	-1,259	389	1,132	422
Enterprise Value (EV)	3,972	4,193	5,610	5,456	5,366	5,182	5,692	4,710	4,002	3,903	4,635
Market Capitalization	2,861	2,286	3,425	3,548	3,552	815	1,490	4,770	5,232	3,057	3,142
Book Value per Share	$16.87	$20.63	$21.23	$22.32	$0.00	$13.67	$16.02	$40.23	$53.10	$48.16	$45.92
Tangible Book Value per Share	$16.87	$20.63	$21.23	$22.32	$0.00	$13.67	$16.02	$40.23	$53.10	$48.16	$45.92
Total Capital	3,936	4,719	5,095	5,182	2,083	7,619	7,470	7,073	7,923	7,794	8,167
Total Debt	1,840	2,148	2,192	1,934	2,083	5,417	4,937	2,017	1,292	2,115	2,717
Total Long-Term Debt	1,840	2,109	2,175	1,931	2,083	5,410	4,937	1,493	1,292	2,115	2,717
Net Debt	662	1,362	1,619	1,336	1,268	3,808	3,595	-187	-1,373	712	1,363
Capital Expenditures (CapEx)	194	317	338	-383	413	-338	271	699	696	432	612
Debt-free, Cash-free Net Working Capital (DFCFNWC)	582	604	828	508	-815	-186	98	-334	596	382	255
Debt-free Net Working Capital (DFNWC)	1,527	1,390	1,401	1,105	0.00	1,423	1,440	1,870	2,379	918	783
Net Working Capital (NWC)	1,527	1,351	1,384	1,102	0.00	1,416	1,440	1,346	2,379	918	783
Net Nonoperating Expense (NNE)	54	85	-41	125	133	342	260	498	49	51	122
Net Nonoperating Obligations (NNO)	662	1,362	1,619	1,336	-5,264	3,808	3,595	-187	-1,373	712	1,363
Total Depreciation and Amortization (D&A)	207	233	300	379	448	581	484	534	592	643	663
Debt-free, Cash-free Net Working Capital to Revenue	4.44%	3.79%	3.80%	1.87%	-3.33%	-1.23%	0.36%	-0.71%	1.55%	1.15%	0.87%
Debt-free Net Working Capital to Revenue	11.63%	8.73%	6.43%	4.06%	0.00%	9.42%	5.28%	3.99%	6.21%	2.77%	2.67%
Net Working Capital to Revenue	11.63%	8.48%	6.35%	4.06%	0.00%	9.37%	5.28%	2.87%	6.21%	2.77%	2.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.66	$1.74	$3.78	$0.00	$2.66	($11.64)	$1.92	$23.47	$17.13	($4.59)	($1.39)
Adjusted Weighted Average Basic Shares Outstanding	88.11M	98.33M	109.78M	119.85M	119.89M	119.62M	120.24M	122.60M	124.95M	116.25M	114.05M
Adjusted Diluted Earnings per Share	$1.65	$1.74	$3.73	$0.00	$2.64	($11.64)	$1.90	$22.84	$16.52	($4.60)	($1.39)
Adjusted Weighted Average Diluted Shares Outstanding	94.14M	103.61M	113.90M	119.85M	121.85M	120.66M	122.64M	126.86M	130.51M	117.11M	114.92M
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	97.81M	109.28M	110.67M	119.85M	119.78M	120.10M	120.34M	128.98M	119.56M	115.31M	116.93M
Normalized Net Operating Profit after Tax (NOPAT)	249	317	444	264	484	-1,323	603	3,512	2,176	-491	-686
Normalized NOPAT Margin	1.90%	1.99%	2.04%	0.97%	1.97%	-8.75%	2.21%	7.50%	5.68%	-1.48%	-2.34%
Pre Tax Income Margin	2.15%	2.28%	3.67%	0.77%	1.96%	-8.81%	1.20%	7.60%	7.53%	-2.32%	-0.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.56	3.32	5.45	2.20	4.07	-3.71	2.34	12.41	42.51	-9.68	-0.29
NOPAT to Interest Expense	2.35	2.07	2.46	1.77	3.18	-3.54	2.42	11.12	31.82	-6.80	-0.21
EBIT Less CapEx to Interest Expense	1.74	1.22	3.58	4.45	1.48	-2.50	1.20	10.16	32.50	-15.67	-3.66
NOPAT Less CapEx to Interest Expense	0.52	-0.04	0.58	4.02	0.59	-2.33	1.28	8.88	21.81	-12.79	-3.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	76.10%	61.83%	37.17%	-27.50%	55.76%	-6.17%	12.58%	2.48%	5.14%	-22.33%	-78.82%
Augmented Payout Ratio	80.23%	62.16%	37.38%	-27.50%	57.06%	-6.29%	12.58%	17.95%	29.77%	-83.25%	-78.82%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	116,926,826.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	116,926,826.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.70
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.91%	-15.74%	-6.99%	-4.60%	-21.91%	-19.56%	-18.27%	-14.43%	-8.72%	-2.88%	11.86%
EBITDA Growth	-20.22%	-91.07%	-56.77%	-94.29%	-117.96%	-319.33%	-214.11%	138.18%	306.04%	230.89%	238.25%
EBIT Growth	-23.08%	-104.71%	-72.53%	-105.32%	-135.82%	-750.00%	-450.65%	158.51%	174.21%	133.54%	158.84%
NOPAT Growth	-31.47%	-104.87%	-71.23%	-105.03%	-133.15%	-711.86%	-410.16%	157.64%	176.92%	143.04%	164.84%
Net Income Growth	-26.76%	-107.38%	-72.14%	-106.41%	-136.41%	-504.55%	-477.58%	91.82%	159.39%	127.03%	149.32%
EPS Growth	-27.26%	-106.64%	-69.93%	-107.11%	-140.75%	-630.30%	-510.47%	91.07%	158.23%	130.71%	146.74%
Operating Cash Flow Growth	-61.82%	-72.76%	-96.39%	524.52%	-112.91%	-207.78%	-4,286.08%	-55.07%	137.79%	211.19%	51.06%
Free Cash Flow Firm Growth	-62.27%	-121.81%	-177.42%	-137.99%	-206.26%	-231.42%	-5.77%	-160.15%	-103.61%	78.09%	94.02%
Invested Capital Growth	8.30%	8.00%	20.27%	3.66%	1.88%	21.52%	10.07%	11.93%	16.26%	6.61%	4.27%
Revenue Q/Q Growth	17.21%	-14.86%	-5.40%	1.05%	-4.05%	-12.30%	-3.88%	5.79%	2.35%	-6.69%	10.71%
EBITDA Q/Q Growth	-20.46%	-91.98%	199.29%	-70.09%	-350.23%	2.09%	-55.71%	162.44%	116.46%	-37.80%	64.46%
EBIT Q/Q Growth	-22.59%	-104.18%	423.78%	-150.79%	-421.35%	0.86%	-33.57%	108.48%	561.20%	-55.19%	134.29%
NOPAT Q/Q Growth	-21.47%	-104.05%	449.19%	-145.26%	-417.83%	0.80%	-33.40%	108.41%	591.04%	-44.50%	100.98%
Net Income Q/Q Growth	-22.93%	-106.10%	322.11%	-161.40%	-338.03%	-1.21%	-38.72%	98.67%	3,279.63%	-53.93%	153.10%
EPS Q/Q Growth	-22.46%	-105.40%	360.61%	-165.12%	-344.64%	3.21%	-46.47%	98.58%	3,000.00%	-48.97%	122.97%
Operating Cash Flow Q/Q Growth	673.72%	-41.94%	-94.83%	2,591.77%	-115.99%	-384.85%	-100.61%	128.89%	-86.55%	1,326.46%	-188.30%
Free Cash Flow Firm Q/Q Growth	-48.73%	-217.51%	10.04%	71.28%	-43.39%	-266.49%	29.91%	29.36%	-12.22%	60.56%	80.87%
Invested Capital Q/Q Growth	1.77%	-11.62%	5.47%	-2.06%	0.02%	5.43%	6.59%	-0.41%	3.89%	-3.33%	4.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.44%	0.92%	2.52%	0.07%	-3.44%	-4.20%	-5.95%	-0.78%	0.51%	-1.85%	3.52%
EBITDA Margin	11.42%	1.08%	3.40%	1.01%	-2.63%	-2.93%	-4.75%	2.80%	5.93%	3.95%	5.87%
Operating Margin	10.03%	-0.52%	1.68%	-0.85%	-4.61%	-5.21%	-7.23%	0.58%	3.74%	1.79%	3.79%
EBIT Margin	10.04%	-0.49%	1.69%	-0.85%	-4.60%	-5.20%	-7.23%	0.58%	3.74%	1.80%	3.80%
Profit (Net Income) Margin	7.40%	-0.53%	1.24%	-0.76%	-3.45%	-3.98%	-5.74%	-0.07%	2.24%	1.11%	2.53%
Tax Burden Percent	75.72%	90.30%	79.51%	72.29%	71.00%	72.19%	74.10%	51.43%	72.75%	90.19%	77.45%
Interest Burden Percent	97.35%	119.11%	92.79%	123.38%	105.55%	105.96%	107.22%	-24.25%	82.43%	68.36%	85.99%
Effective Tax Rate	24.28%	0.00%	20.49%	0.00%	0.00%	0.00%	0.00%	0.00%	27.25%	9.81%	22.55%
Return on Invested Capital (ROIC)	53.16%	-2.74%	8.87%	-3.74%	-18.75%	-20.75%	-24.57%	1.90%	12.25%	7.18%	12.73%
ROIC Less NNEP Spread (ROIC-NNEP)	67.78%	-0.77%	11.83%	0.30%	-14.45%	-13.37%	-32.88%	-3.91%	8.04%	3.68%	10.62%
Return on Net Nonoperating Assets (RNNOA)	-1.70%	0.10%	-0.53%	-0.02%	0.98%	0.72%	-3.21%	-0.41%	1.22%	0.69%	2.94%
Return on Equity (ROE)	51.46%	-2.63%	8.34%	-3.76%	-17.77%	-20.03%	-27.78%	1.49%	13.47%	7.87%	15.67%
Cash Return on Invested Capital (CROIC)	43.30%	35.98%	15.57%	10.41%	-6.09%	-27.83%	-24.19%	-24.75%	-21.08%	-6.97%	4.30%
Operating Return on Assets (OROA)	28.70%	-1.35%	4.71%	-2.25%	-11.55%	-12.72%	-16.99%	1.30%	8.45%	4.10%	8.27%
Return on Assets (ROA)	21.16%	-1.45%	3.48%	-2.00%	-8.65%	-9.73%	-13.50%	-0.16%	5.07%	2.53%	5.51%
Return on Common Equity (ROCE)	47.95%	-2.57%	8.15%	-3.67%	-17.38%	-19.58%	-27.14%	1.45%	13.15%	7.68%	15.29%
Return on Equity Simple (ROE_SIMPLE)	42.67%	0.00%	29.18%	12.56%	-5.03%	0.00%	-20.60%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	816	-33	115	-52	-270	-268	-358	30	208	115	232
NOPAT Margin	7.60%	-0.36%	1.33%	-0.60%	-3.23%	-3.65%	-5.06%	0.40%	2.72%	1.62%	2.94%
Net Nonoperating Expense Percent (NNEP)	-14.62%	-1.97%	-2.95%	-4.04%	-4.30%	-7.38%	8.31%	5.81%	4.21%	3.50%	2.11%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.42%	-	-	-	-3.44%	-4.40%	0.37%	2.49%	1.41%	2.74%
Cost of Revenue to Revenue	88.56%	99.08%	97.48%	99.93%	103.44%	104.20%	105.95%	100.78%	99.49%	101.85%	96.48%
SG&A Expenses to Revenue	0.87%	1.15%	0.73%	0.74%	0.78%	0.91%	1.00%	1.07%	0.97%	1.51%	1.13%
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	1.40%	1.44%	0.85%	0.93%	1.17%	1.02%	1.29%	-1.35%	-3.22%	-3.64%	-0.27%
Earnings before Interest and Taxes (EBIT)	1,077	-45	146	-74	-386	-383	-511	43	286	128	301
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,226	98	294	88	-220	-216	-336	210	454	282	464
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.96	0.81	1.08	0.86	0.62	0.55	0.43	0.49	0.67	0.59	1.01
Price to Tangible Book Value (P/TBV)	0.96	0.81	1.08	0.86	0.62	0.55	0.43	0.49	0.67	0.59	1.01
Price to Revenue (P/Rev)	0.16	0.14	0.18	0.15	0.10	0.09	0.07	0.08	0.12	0.11	0.18
Price to Earnings (P/E)	2.29	2.44	3.73	6.95	0.00	0.00	0.00	0.00	0.00	0.00	12.61
Dividend Yield	1.91%	1.99%	1.58%	2.08%	3.23%	3.86%	5.50%	4.96%	3.65%	4.06%	2.31%
Earnings Yield	43.72%	40.91%	26.83%	14.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.93%
Enterprise Value to Invested Capital (EV/IC)	0.96	0.76	1.08	0.86	0.63	0.61	0.57	0.62	0.75	0.68	1.01
Enterprise Value to Revenue (EV/Rev)	0.14	0.10	0.18	0.14	0.11	0.12	0.12	0.14	0.18	0.16	0.24
Enterprise Value to EBITDA (EV/EBITDA)	1.25	1.13	2.12	3.06	14.62	0.00	0.00	0.00	47.36	7.60	5.07
Enterprise Value to EBIT (EV/EBIT)	1.44	1.35	2.60	4.72	0.00	0.00	0.00	0.00	0.00	0.00	9.43
Enterprise Value to NOPAT (EV/NOPAT)	1.94	1.81	3.47	6.25	0.00	0.00	0.00	0.00	0.00	0.00	12.13
Enterprise Value to Operating Cash Flow (EV/OCF)	2.64	2.99	7.29	4.09	5.61	89.93	0.00	0.00	0.00	0.00	27.53
Enterprise Value to Free Cash Flow (EV/FCFF)	2.30	2.20	7.58	8.42	0.00	0.00	0.00	0.00	0.00	0.00	23.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.19	0.29	0.29	0.31	0.37	0.55	0.58	0.56	0.50	0.50
Long-Term Debt to Equity	0.28	0.19	0.29	0.29	0.31	0.37	0.55	0.58	0.56	0.50	0.50
Financial Leverage	-0.03	-0.13	-0.04	-0.05	-0.07	-0.05	0.10	0.11	0.15	0.19	0.28
Leverage Ratio	2.39	2.39	2.27	2.23	2.16	2.20	2.27	2.33	2.30	2.31	2.55
Compound Leverage Factor	2.32	2.85	2.11	2.75	2.28	2.33	2.43	-0.56	1.90	1.58	2.19
Debt to Total Capital	21.87%	16.31%	22.46%	22.77%	23.91%	27.14%	35.48%	36.53%	35.77%	33.27%	33.32%
Short-Term Debt 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%
Long-Term Debt to Total Capital	21.87%	16.31%	22.46%	22.77%	23.91%	27.14%	35.48%	36.53%	35.77%	33.27%	33.32%
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	1.63%	1.80%	1.67%	1.70%	1.74%	1.72%	1.60%	1.58%	1.57%	1.60%	1.56%
Common Equity to Total Capital	76.50%	81.89%	75.87%	75.53%	74.35%	71.14%	62.92%	61.89%	62.66%	65.13%	65.12%
Debt to EBITDA	0.42	0.36	0.61	1.11	7.27	-39.46	-4.22	-5.34	26.68	4.46	2.00
Net Debt to EBITDA	-0.20	-0.39	-0.13	-0.20	0.16	-13.28	-2.29	-2.79	15.03	2.24	1.03
Long-Term Debt to EBITDA	0.42	0.36	0.61	1.11	7.27	-39.46	-4.22	-5.34	26.68	4.46	2.00
Debt to NOPAT	0.65	0.58	0.99	2.27	-7.44	-4.32	-3.04	-3.47	-7.55	-71.48	4.79
Net Debt to NOPAT	-0.31	-0.62	-0.21	-0.41	-0.17	-1.46	-1.65	-1.81	-4.25	-35.86	2.46
Long-Term Debt to NOPAT	0.65	0.58	0.99	2.27	-7.44	-4.32	-3.04	-3.47	-7.55	-71.48	4.79
Altman Z-Score	4.07	3.65	3.94	3.61	3.39	3.23	2.88	2.96	3.06	2.95	2.91
Noncontrolling Interest Sharing Ratio	6.83%	2.31%	2.30%	2.22%	2.18%	2.25%	2.30%	2.33%	2.36%	2.38%	2.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.58	1.56	1.54	1.42	1.34	1.25	1.29	1.31	1.38	1.21	1.31
Quick Ratio	0.79	0.75	0.69	0.68	0.58	0.47	0.44	0.47	0.53	0.46	0.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	360	-422	-928	-266	-382	-1,400	-981	-693	-778	-307	-59
Operating Cash Flow to CapEx	389.43%	369.89%	10.96%	576.29%	-64.58%	-304.15%	-526.59%	105.41%	15.99%	116.49%	-86.88%
Free Cash Flow to Firm to Interest Expense	12.66	-49.12	-88.36	-15.40	-17.85	-61.41	-26.59	-12.88	-15.46	-7.56	-1.39
Operating Cash Flow to Interest Expense	18.55	35.57	1.50	24.58	-3.18	-14.46	-17.92	3.55	0.51	9.03	-7.69
Operating Cash Flow Less CapEx to Interest Expense	13.79	25.95	-12.22	20.32	-8.10	-19.21	-21.33	0.18	-2.68	1.28	-16.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.86	2.74	2.80	2.65	2.51	2.44	2.35	2.24	2.26	2.28	2.17
Accounts Receivable Turnover	24.91	27.19	31.89	25.88	24.67	26.20	26.61	22.98	22.53	25.16	19.29
Inventory Turnover	12.52	12.08	12.40	12.54	12.06	11.59	11.26	11.13	11.33	11.59	10.07
Fixed Asset Turnover	7.96	7.41	7.17	7.52	7.02	6.59	6.28	5.97	5.79	5.54	5.61
Accounts Payable Turnover	34.58	39.62	41.66	40.55	32.16	39.52	35.47	30.52	34.07	38.92	34.60
Days Sales Outstanding (DSO)	14.65	13.42	11.45	14.10	14.80	13.93	13.71	15.89	16.20	14.51	18.92
Days Inventory Outstanding (DIO)	29.15	30.21	29.43	29.11	30.27	31.49	32.42	32.80	32.22	31.48	36.26
Days Payable Outstanding (DPO)	10.56	9.21	8.76	9.00	11.35	9.24	10.29	11.96	10.71	9.38	10.55
Cash Conversion Cycle (CCC)	33.25	34.42	32.11	34.21	33.72	36.19	35.85	36.72	37.71	36.61	44.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,950	5,259	6,188	6,061	6,062	6,391	6,812	6,784	7,048	6,813	7,102
Invested Capital Turnover	7.00	7.57	6.65	6.26	5.81	5.69	4.85	4.71	4.51	4.44	4.34
Increase / (Decrease) in Invested Capital	456	389	1,043	214	112	1,132	623	723	986	422	291
Enterprise Value (EV)	5,698	4,002	6,683	5,215	3,806	3,903	3,898	4,203	5,304	4,635	7,150
Market Capitalization	6,466	5,232	6,951	5,419	3,626	3,057	2,201	2,506	3,491	3,142	5,568
Book Value per Share	$54.36	$53.10	$53.86	$52.84	$50.21	$48.16	$44.36	$43.98	$45.24	$45.92	$47.21
Tangible Book Value per Share	$54.36	$53.10	$53.86	$52.84	$50.21	$48.16	$44.36	$43.98	$45.24	$45.92	$47.21
Total Capital	8,783	7,923	8,510	8,295	7,911	7,794	8,129	8,219	8,353	8,167	8,478
Total Debt	1,921	1,292	1,912	1,889	1,891	2,115	2,884	3,002	2,988	2,717	2,825
Total Long-Term Debt	1,921	1,292	1,912	1,889	1,891	2,115	2,884	3,002	2,988	2,717	2,825
Net Debt	-912	-1,373	-410	-346	42	712	1,567	1,568	1,683	1,363	1,450
Capital Expenditures (CapEx)	135	83	144	74	105	108	126	181	161	315	373
Debt-free, Cash-free Net Working Capital (DFCFNWC)	636	596	599	424	307	382	624	544	832	255	853
Debt-free Net Working Capital (DFNWC)	2,528	2,379	2,041	1,792	1,284	918	1,092	1,134	1,314	783	1,395
Net Working Capital (NWC)	2,528	2,379	2,041	1,792	1,284	918	1,092	1,134	1,314	783	1,395
Net Nonoperating Expense (NNE)	22	15	7.87	14	19	24	48	36	36	36	32
Net Nonoperating Obligations (NNO)	-912	-1,373	-410	-346	42	712	1,567	1,568	1,683	1,363	1,450
Total Depreciation and Amortization (D&A)	149	143	149	162	166	167	175	166	167	154	164
Debt-free, Cash-free Net Working Capital to Revenue	1.59%	1.55%	1.59%	1.14%	0.88%	1.15%	1.98%	1.80%	2.82%	0.87%	2.83%
Debt-free Net Working Capital to Revenue	6.31%	6.21%	5.42%	4.81%	3.68%	2.77%	3.46%	3.75%	4.45%	2.67%	4.62%
Net Working Capital to Revenue	6.31%	6.21%	5.42%	4.81%	3.68%	2.77%	3.46%	3.75%	4.45%	2.67%	4.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.35	($0.33)	$0.89	($0.56)	($2.48)	($2.44)	($3.53)	($0.05)	$1.47	$0.72	$1.69
Adjusted Weighted Average Basic Shares Outstanding	123.79M	124.95M	119.86M	117.04M	115.08M	116.25M	113.75M	113.85M	115.73M	114.05M	117.19M
Adjusted Diluted Earnings per Share	$6.11	($0.33)	$0.86	($0.56)	($2.49)	($2.41)	($3.53)	($0.05)	$1.45	$0.74	$1.65
Adjusted Weighted Average Diluted Shares Outstanding	129.69M	130.51M	124.67M	117.91M	115.95M	117.11M	114.62M	114.72M	117.96M	114.92M	120.58M
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	122.20M	119.56M	118.56M	117.15M	115.12M	115.31M	115.65M	115.70M	115.85M	116.93M	118.31M
Normalized Net Operating Profit after Tax (NOPAT)	865	-88	113	-52	-270	-268	-358	-102	-42	-238	150
Normalized NOPAT Margin	8.06%	-0.96%	1.31%	-0.60%	-3.23%	-3.65%	-5.06%	-1.37%	-0.55%	-3.34%	1.89%
Pre Tax Income Margin	9.77%	-0.59%	1.56%	-1.05%	-4.86%	-5.51%	-7.75%	-0.14%	3.08%	1.23%	3.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	37.93	-5.23	13.88	-4.28	-18.03	-16.78	-13.85	0.80	5.69	3.16	7.14
NOPAT to Interest Expense	28.72	-3.84	10.99	-3.02	-12.64	-11.76	-9.70	0.56	4.14	2.84	5.51
EBIT Less CapEx to Interest Expense	33.17	-14.85	0.15	-8.54	-22.95	-21.53	-17.25	-2.57	2.50	-4.59	-1.71
NOPAT Less CapEx to Interest Expense	23.95	-13.46	-2.74	-7.28	-17.56	-16.52	-13.10	-2.81	0.94	-4.91	-3.34
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.35%	5.14%	6.14%	14.99%	-40.41%	-22.33%	-11.54%	-12.46%	-23.73%	-78.82%	28.48%
Augmented Payout Ratio	33.75%	29.77%	32.15%	77.24%	-192.43%	-83.25%	-30.91%	-22.93%	-29.18%	-78.82%	28.48%

Financials Breakdown Chart

Key Financial Trends

Here are the top takeaways from PBF Energy’s quarterly statements, focusing on the most recent four years of data. Items are presented with positives first, then neutral points, then negatives.

Net cash from continuing operating activities in Q4 2025: $366.6 million.
Net income from continuing operations in Q4 2025: $79.1 million.
Net income attributable to common shareholders in Q4 2025: $78.4 million. Basic EPS: $0.72; Diluted EPS: $0.74.
Q4 2025 earnings per share were solid, with Basic EPS of $0.72 and Diluted EPS of $0.74, supporting a constructive near-term earnings signal.
Revenue levels have varied quarter to quarter but generally stayed in the roughly $7.0–$7.7 billion band across 2025 (e.g., Q4 2025 revenue around $7.14B; Q3 2025 around $7.65B).
Balance sheet shows a sizable equity base and a leverage profile that has remained within a range over recent quarters (Total assets around $13–14B; Total equity typically around $5–6.3B; liabilities around $7–7.7B).
Gross profit was negative in Q4 2025: -$132.0 million, indicating costs exceeded revenue for that quarter.
Net change in cash and cash equivalents in Q3 2025 was negative: -$108.7 million, signaling a cash outflow during that quarter after other activities.
Net cash from financing activities in Q4 2025 was negative: -$299.9 million, reflecting net cash outflows from financing activities that quarter.

05/08/26 05:08 PM ETAI Generated. May Contain Errors.

PBF Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PBF Energy's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

PBF Energy's net income appears to be on an upward trend, with a most recent value of -$160.50 million in 2025, falling from $195.53 million in 2015. The previous period was -$540.20 million in 2024. See where experts think PBF Energy is headed by visiting PBF Energy's forecast page.

PBF Energy's total operating income in 2025 was -$54.30 million, based on the following breakdown:

Total Gross Profit: -$571 million
Total Operating Expenses: -$516.70 million

Over the last 10 years, PBF Energy's total revenue changed from $13.12 billion in 2015 to $29.33 billion in 2025, a change of 123.5%.

PBF Energy's total liabilities were at $7.57 billion at the end of 2025, a 7.8% increase from 2024, and a 118.1% increase since 2014.

In the past 10 years, PBF Energy's cash and equivalents has ranged from $397.87 million in 2014 to $2.20 billion in 2022, and is currently $527.90 million as of their latest financial filing in 2025.

Over the last 10 years, PBF Energy's book value per share changed from 16.87 in 2015 to 45.92 in 2025, a change of 172.1%.

Related Companies

Financial statements for NYSE:PBF last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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PBF Energy (PBF) Financials

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PBF Energy (PBF) Financials

Annual Income Statements for PBF Energy

Quarterly Income Statements for PBF Energy

Annual Cash Flow Statements for PBF Energy

Quarterly Cash Flow Statements for PBF Energy

Annual Balance Sheets for PBF Energy

Quarterly Balance Sheets for PBF Energy

Annual Metrics And Ratios for PBF Energy

Quarterly Metrics And Ratios for PBF Energy

Financials Breakdown Chart

Key Financial Trends

PBF Energy Financials - Frequently Asked Questions

When does PBF Energy's financial year end?

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

What is PBF Energy's operating income?

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

How much debt does PBF Energy have?

How much cash does PBF Energy have?

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

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