| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | 5 | 1 | 4 | 8 | 18 | 2 | 1 | 4 | 7 | 17 | 3 |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 1.10 |
—
—
—
|
| 2025 | 1.10 |
—
—
—
—
|
| 2024 | 1.03 |
—
—
—
—
|
| 2023 | 0.85 |
—
—
—
—
|
| 2022 | 0.50 |
—
—
|
| 2021 | ‡‡‡ |
|
| 2020 | 0.30 |
—
|
| 2019 | 1.20 |
—
—
—
—
|
| 2018 | 1.20 |
—
—
—
—
|
| 2017 | 1.20 |
—
—
—
—
|
| 2016 | 1.20 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 1,783.50 | 536.10 | 527.90 | 894.10 |
| Receivables | 1,362.50 | 1,165.00 | 1,166.70 | 1,839.20 |
| Inventory | 3,183.10 | 2,595.30 | 2,563.10 | 2,893.90 |
| Other | — | — | — | — |
| 6,596.60 | 4,543.90 | 4,451.80 | 5,832.40 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 959.00 | 735.60 | 801.20 | 788.60 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 4,217.30 | 3,626.10 | 3,669.30 | 4,384.10 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 7,904.30 | 11,678.30 | — | — |
—
|
| ’25 | 7,066.40 | 7,475.30 | 7,651.10 | 7,139.50 |
29,332.30
|
| ’24 | 8,645.60 | 8,736.10 | 8,382.30 | 7,351.30 |
33,115.30
|
| ’23 | 9,295.00 | 9,157.60 | 10,733.50 | 9,138.70 |
38,324.80
|
| ’22 | 9,141.70 | 14,077.70 | 12,764.60 | 10,846.30 |
46,830.30
|
| ’21 | 4,924.80 | 6,897.90 | 7,186.70 | 8,244.00 |
27,253.40
|
| ’20 | 5,277.50 | 2,515.80 | 3,667.50 | 3,655.10 |
15,115.90
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (323.70) | 1,588.80 | — | — |
—
|
| ’25 | (661.40) | 191.10 | 25.70 | 366.60 |
(78.00)
|
| ’24 | 15.80 | 425.30 | (68.00) | (329.70) |
43.40
|
| ’23 | 437.60 | 68.10 | 526.90 | 305.90 |
1,338.50
|
| ’22 | 312.30 | 1,956.70 | 1,379.90 | 1,123.10 |
4,772.00
|
| ’21 | (13.70) | 78.40 | 261.00 | 151.60 |
477.30
|
| ’20 | (235.80) | (393.00) | (163.80) | 161.00 |
(631.60)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (673.10) | 1,461.70 | — | — |
—
|
| ’25 | (772.40) | 35.00 | 47.50 | 77.00 |
(612.90)
|
| ’24 | (123.80) | 371.80 | (169.80) | (425.70) |
(347.50)
|
| ’23 | 202.20 | (139.20) | 396.10 | 224.20 |
683.30
|
| ’22 | 194.00 | 1,848.50 | 1,214.90 | 881.30 |
4,138.70
|
| ’21 | (51.10) | 31.20 | 203.60 | 51.70 |
235.40
|
| ’20 | (301.10) | 81.30 | (201.40) | 136.50 |
(284.70)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.65 | 7.54 | — | — |
—
|
| ’25 | (3.53) | (0.05) | 1.45 | 0.66 |
(1.39)
|
| ’24 | 0.86 | (0.56) | (2.49) | (2.52) |
(4.60)
|
| ’23 | 2.86 | 7.88 | 6.11 | (0.40) |
16.52
|
| ’22 | (0.18) | 9.65 | 8.40 | 4.86 |
22.84
|
| ’21 | (0.34) | 0.39 | 0.49 | 1.36 |
1.90
|
| ’20 | (8.93) | 3.23 | (3.49) | (2.47) |
(11.64)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 13.10 | 31.26 | 24.21 | 13.62 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 49.00 | 56.38 | 62.88 | 41.48 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,616 | 3,776 | 3,855 | 3,678 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.95 | 10.15 | 8.59 | 7.98 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 46,830.30 | 38,324.80 | 33,115.30 | 29,332.30 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.54% | 13.29% | 6.75% | 7.07% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,557.60 | 2,885.80 | (768.60) | (234.60) | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.60% | 7.53% | (2.32%) | (0.80%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,972.80 | 2,162.00 | (540.20) | (160.50) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 533.90 | 591.60 | 643.00 | 662.80 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 381.98 | 306.71 | 284.87 | 257.18 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 23.47 | 17.13 | (4.59) | (1.39) | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.92 | 10.71 | 0.37 | (0.68) | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.17) | (5.24) | (3.36) | (4.69) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 33.76 | 5.47 | (2.99) | (5.37) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.24 | 53.07 | 48.85 | 47.78 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 122.60 | 124.95 | 116.25 | 114.05 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 1.60 | 2.60 | 0.00 | 0.00 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.10 | 0.14 | 0.09 | 0.11 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.91 | 0.84 | 0.54 | 0.57 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.09 | 0.14 | 0.13 | 0.17 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.07 | 7.61 | (12.04) | (7.96) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,772.00 | 1,338.50 | 43.40 | (78.00) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (633.30) | (655.20) | (390.90) | (534.90) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,138.70 | 683.30 | (347.50) | (612.90) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,345.60 | 2,379.30 | 917.80 | 782.50 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,017.00 | 1,292.00 | 1,492.70 | 2,174.10 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (186.60) | (491.50) | 956.60 | 1,646.20 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,056.00 | 6,631.30 | 5,678.60 | 5,449.90 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.84% | 15.32% | (3.94%) | (1.23%) | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 53.31% | 30.04% | (6.58%) | (0.48%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 75.82% | 36.63% | (8.67%) | (2.85%) | ‡‡‡‡‡ | — | — |
ROE
|
PBF Energy Inc. stands as a resilient cyclical powerhouse in the refining sector, having surged from pandemic lows to record 2022 highs with revenue exploding 194% to $46.8 billion amid crack spread booms and geopolitical shocks, only to face 2024’s margin squeeze yielding a $540 million loss. Yet, the company’s balance sheet shines brighter than ever—debt halved to $1.5 billion, book value per share robust at over $50—positioning it for a powerful rebound as crack spreads stabilize and oil dynamics favor refiners.
Attractive valuations scream opportunity: trading at 0.09x sales and 0.54x book near historical troughs, PBF offers undervalued entry amid insider confidence signals like a major owner’s $13.5 million buys in early 2025 (before profit-taking). Operational efficiency persists with complex refineries and steady capex, while productivity metrics remain strong despite throughput pressures.
Analyst forecasts ignite upside potential: revenue stabilizes with 8% CAGR through 2028, profitability flips to $626 million net income by then (EPS $5.15), and FCF per share jumps to $10.80 in 2026. Shares hover at mean targets but boast 22% to highs if margins hit forecasts—probability-weighted 10%+ returns in 12 months, with 15-25% possible on crack spread reversion, making PBF a high-beta bet on energy security’s next leg up.
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