Ecopetrol S.A.

EC Energy Oil & Gas Integrated

Ecopetrol S.A.’s revenue for fiscal 2025 (year ended December 2025) was $23.9 billion, down 83.7% from fiscal 2024.

Revenue
+103.2%
EPS
+290.5%
Free cash flow
+62.3%
Total debt
+30.9%

Quarter to June 2026, against a year earlier

15.62 0.08 +0.51%
Market cap
$32.0B
P/E
8.3×
Fwd P/E
5.7×
Dividend yield
4.16%
F-score
6/9
Altman Z
1.21
Beneish M
−3.66
Dividend safety
30/100

Ecopetrol S.A. (EC) Operating margin

Alert me on Operating margin

Ecopetrol S.A.'s operating margin over the twelve months to 30 June 2026 was 27.6%, up 5.3 percentage points from fiscal 2025 (22.3%). Over the past ten years it has ranged from 4.07% (fiscal 2015) to 37.7% (fiscal 2022); the current reading is higher than 36% of that period. That is above the Oil & Gas Integrated industry median of 17.1% and above the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 22.3% (6.56)
FY2024 28.9% (0.31)
FY2023 29.2% (8.58)
FY2022 37.7% 5.42
FY2021 32.3% 18.02
FY2020 14.3% (15.11)
FY2019 29.4% (3.33)
FY2018 32.7% 3.84
FY2017 28.9% 10.53
FY2016 18.4% 14.30

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 31.8% 1.88
Mar 2026 29.9% 11.44
Dec 2025 18.5% (6.10)
Sep 2025 24.6% 5.58
37 more quarters

Against its own ten years

Low 4.07% High 37.7%
Ten-year median 28.9%
Current reading's percentile 35

Operating margin against peers

Company Operating margin
NFG National Fuel Gas Company compare 40.3%
PBR Petroleo Brasileiro S.A.- Petrobras compare 34.2%
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 34.2%
EQNR Equinor ASA compare 32.3%
EC Ecopetrol S.A. 27.6%
YPF YPF Sociedad Anonima compare 23.0%
CVE Cenovus Energy Inc compare 17.1%
BP BP p.l.c. compare 11.1%
E Eni SpA compare 4.46%
Oil & Gas Integrated industry median 17.1%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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