Sunday 11 October 2026 Export all EC data to Excel Powerpack

Ecopetrol S.A.

Ecopetrol S.A.’s revenue for fiscal 2025 (year ended December 2025) was $23.9 billion, down 83.7% from fiscal 2024. In the quarter to December 2025, revenue fell 95.2%, EPS grew 22.6%, free cash flow fell 89.8% and total debt fell 83.4%, each against the same quarter a year earlier.

16.94 0.00 0.00%

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Market cap: $34.8B
P/E: 13.4×
Fwd P/E: 5.2×
Dividend yield: 3.90%
F-score: 6/9
Altman Z: 1.21
Beneish M: −3.66
Dividend safety: 34/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 34,830.00

Revenue 23,938.80

Net Income 2,888.80

Free Cash Flow 4,414.20

Net Debt 19,333.60

Current Ratio 1.55

Debt/Equity 1.02

P/E ratio 13.44

Fwd P/E 5.17

P/S ratio 1.45

P/B ratio 1.63

Past 5Y EPS Growth 43.10%

This Y EPS Growth 84.83%

Next Y EPS Growth (17.14%)

Next Y revenue growth 596,403.12%

Next 5Y EPS Growth 13.89%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 79.50%

10-year low 10-year high

P/S against its own 10 years 79.06%

10-year low 10-year high

P/B against its own 10 years 74.11%

10-year low 10-year high

EV/Sales against its own 10 years 86.96%

10-year low 10-year high

EV/FCF against its own 10 years 75.01%

10-year low 10-year high

Dividends

Payout Ratio 0.52

Annual Dividend Rate 0.66

Annual Dividend Yield 3.90%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	149.33	0.66
2025	288.47	0.49 0.51 0.52
2024	1.57	0.82 0.75
2023	1.79	0.15 0.97 0.83
2022	1.46	1.46 0.80
2021	0.09	0.09
2020	0.89	0.89
2019	0.54	0.32 0.54
2018	0.64	0.64
2017	0.16	0.16

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2022	2023	2024	2025
Cash	18,220	17,036	16,397	2,506
Receivables	43,148	39,973	22,468	2,976
Inventory	13,068	12,243	11,031	1,722
Other	10,519	13,056	16,779	3,485
	85,005	82,338	66,726	10,689

	2022	2023	2024	2025
Payables	21,931	22,670	21,232	3,152
ST’ Debt	24,418	18,660	12,417	2,016
Other	4,688	3,834	6,904	932
	62,461	52,277	43,599	6,903

Compound Annual Growth %

	10y	5y	3y
Sales	1.35%	(18.18%)	(48.53%)
Cash Flow	4.82%	(11.00%)	(44.90%)
Earnings	0.00%	0.34%	(60.78%)
Book Value	2.16%	(21.04%)	(44.56%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	6,273	5,934	5,968	5,764	23,939
’24	9,391	9,788	6,921	120,563	146,664
’23	7,771	6,860	7,026	150,171	171,828
’22	9,742	13,166	8,688	143,977	175,572
’21	5,162	5,833	7,000	101,451	119,446
’20	4,522	2,533	3,697	54,539	65,290

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	1,224	2,009	1,776	1,659	6,668
’24	1,805	5,121	185	42,530	49,640
’23	414	628	838	21,881	23,761
’22	1,136	1,846	1,993	34,883	39,858
’21	880	994	1,584	25,839	29,297
’20	772	(674)	1,058	10,787	11,943

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	680	534	983	2,217	4,414
’24	528	3,747	63	21,704	26,042
’23	(574)	912	(1,681)	(2,930)	(4,274)
’22	144	479	3,240	12,340	16,203
’21	151	170	511	11,181	12,013
’20	(262)	(1,391)	436	(1,261)	(2,478)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	0.36	0.21	0.31	0.38	1.26
’24	0.50	0.42	0.43	0.31	1.66
’23	0.58	0.45	0.61	0.74	14.82
’22	0.82	1.30	1.06	0.69	18.83
’21	0.42	0.49	0.48	0.63	11.15
’20	0.02	0.00	0.11	0.08	—

Fiscal quarters ending in the months shown.

value withheld pending a data check

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	5.16	8.44	14.69	15.21	6.28	11.37	8.59	8.59	7.21	7.80	Analyst estimates 2026–2028 Powerpack
	High	10.29	14.70	27.96	23.24	20.96	15.91	19.81	13.14	12.90	11.05
People
People	Employees	10,920	11,682	12,228	15,157	13,977	18,378	18,903	19,657	19,581	19,581
	Revenue/emp, $m	5.77	7.18	8.98	6.60	4.67	6.50	9.29	8.74	7.49	1.22
Income, $m
Income, $m	Revenue	63,031	83,931	109,766	100,084	65,290	119,446	175,572	171,828	146,664	23,939
	Gross margin, %	29.36	34.04	39.97	37.09	25.20	39.51	43.95	38.42	35.14	31.44
	EBT	10,128	20,654	32,982	27,613	6,209	34,354	59,580	44,279	33,778	3,772
	EBT margin, %	16.07	24.61	30.05	27.59	9.51	28.76	33.93	25.77	23.03	15.76
	Net income	4,222	11,954	19,769	21,007	3,559	22,920	38,719	30,460	20,349	2,889
	Depreciation	9,889	12,422	12,328	12,016	12,122	13,208	13,342	16,575	16,717	3,221
Per share, $
Per share, $	Revenue	30.66	40.83	53.39	48.68	31.76	58.10	85.40	83.58	71.34	11.64
	Earnings	0.25	5.81	9.62	10.22	—	11.15	18.83	14.82	1.66	1.26
	Cash flow	9.00	12.38	17.49	18.87	5.81	14.25	19.39	11.56	24.15	3.24
	Capex	(3.62)	(4.16)	(6.51)	(9.41)	(7.01)	(8.41)	(11.51)	(13.64)	(11.48)	(1.10)
	Free cash flow	5.38	8.23	10.97	9.46	(1.21)	5.84	7.88	(2.08)	12.67	2.15
	Book value	27.55	35.18	44.45	39.66	33.83	57.28	60.95	58.52	56.67	10.38
	Shares, m	2,056	2,056	2,056	2,056	2,056	2,056	2,056	2,056	2,056	2,056
Valuation, ×
Valuation, ×	P/E	0.00	27.00	9.45	9.69	61.48	6.38	2.56	5.03	4.77	7.95
	P/S	1.12	2.17	1.54	0.41	0.41	0.22	0.12	0.14	0.11	0.86
	P/B	1.42	2.35	2.42	0.50	0.38	0.23	0.16	0.20	0.14	0.96
	EV/Sales	1.88	2.87	1.89	0.82	1.19	1.08	0.73	0.78	0.90	1.67
	EV/FCF	211.43	12.09	7.31	4.24	(31.40)	10.74	7.95	(24.78)	5.06	9.05
Cash, $m
Cash, $m	Operating cash flow	18,503	25,460	35,951	38,796	11,943	29,297	39,858	23,761	49,640	6,668
	Capex	(7,446)	(8,547)	(13,388)	(19,354)	(14,421)	(17,283)	(23,655)	(28,034)	(23,598)	(2,254)
	Free cash flow	11,057	16,913	22,562	19,442	(2,478)	12,013	16,203	(4,274)	26,042	4,414
Balance, $m
Balance, $m	Working capital	10,064	9,566	14,730	2,271	5,918	27,881	22,544	30,061	23,127	3,786
	Total debt	67,889	65,322	60,900	53,535	60,751	123,579	126,648	126,979	131,962	21,840
	Net debt	49,978	48,951	42,288	41,355	51,291	102,549	108,429	109,942	115,565	19,334
	Shareholders’ equity	56,629	72,324	91,372	81,524	69,549	117,759	125,293	120,303	116,505	21,348
Returns, %
Returns, %	ROA	3.09	6.46	9.68	9.95	1.13	8.23	10.73	7.55	4.58	1.09
	ROIC	6.79	12.50	16.80	14.97	4.83	10.95	17.72	13.60	11.39	8.20
	ROE	8.62	16.70	22.25	22.26	2.73	21.72	28.61	20.58	12.86	3.04

Negative figures in brackets.

value withheld pending a data check

All 10 years →

Fiscal years to Dec 2025 · latest quarter Dec 2025

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BP BP p.l.c.	$119.4B	22.0×	8.0×	+47.06% (above 0%: growing)	+140.32% (above 0%: growing)	+144.15% (above 0%: growing)	27.64%	12.75%	Compare
EQNR Equinor ASA	$102.6B	11.7×	7.6×	+39.90% (above 0%: growing)	+298.00% (above 0%: growing)	+1,548.80% (above 0%: growing)	54.71%	36.94%	Compare
PBR Petroleo Brasileiro S.A.- Petrobras	$91.9B	6.4×	—	+59.75% (above 0%: growing)	+118.92% (above 0%: growing)	+149.36% (above 0%: growing)	58.00%	42.41%	Compare
E Eni SpA	$81.1B	14.1×	9.3×	+21.42% (above 0%: growing)	+616.67% (above 0%: growing)	+43.60% (above 0%: growing)	21.45%	5.19%	Compare
PBR.A Petroleo Brasileiro S.A.- Petrobras	$60.3B	5.7×	—	+59.75% (above 0%: growing)	+118.92% (above 0%: growing)	+149.36% (above 0%: growing)	58.00%	42.41%	Compare
CVE Cenovus Energy Inc	$58.1B	12.0×	8.7×	+41.33% (above 0%: growing)	+226.47% (above 0%: growing)	+18,996.54% (above 0%: growing)	42.35%	23.60%	Compare
EC Ecopetrol S.A.	$34.8B	13.4×	5.2×	−95.22% (below 0%: shrinking)	+22.58% (above 0%: growing)	−89.78% (below 0%: shrinking)	29.49%	18.48%
YPF YPF Sociedad Anonima	$19.6B	26.3×	—	+41.65% (above 0%: growing)	+2,546.55% (above 0%: growing)	+922.15% (above 0%: growing)	45.10%	27.58%	Compare
NFG National Fuel Gas Company	$7.4B	10.8×	10.5×	+1.07% (above 0%: growing)	−12.05% (below 0%: shrinking)	−43.17% (below 0%: shrinking)	94.44%	38.87%	Compare
Median of peers	$70.7B	11.9×	8.7×	+41.49%	+183.40%	+149.36%	49.91%	32.26%

All 19 Oil & Gas Integrated stocks →

Ecopetrol S.A. (EC) key facts

Concern: Ecopetrol S.A.’s revenue for fiscal 2025 (year ended December 2025) was $23.9 billion, down 83.7% from fiscal 2024.
Ecopetrol S.A. (EC) is an Oil & Gas Integrated company in the Energy sector, traded in the US as an ADR.
As of October 9, 2026, EC traded at $16.94, a market capitalization of $34.8 billion.
Ecopetrol S.A. pays an annual dividend of $0.66 per share, a yield of 3.90%, with a payout ratio of 52.5%.
Return on equity was 3.04% and debt-to-equity 1.02.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.21 (distress zone) for fiscal 2025.