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Petroleo Brasileiro S.A.- Petrobras

Petroleo Brasileiro S.A.- Petrobras' revenue for fiscal 2025 (year ended December 2025) was $89.2 billion, down 2.43% from fiscal 2024. In the quarter to June 2026, revenue grew 59.8%, EPS grew 118.9%, free cash flow grew 149.4% and total debt rose 7.52%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

25.30 0.61 +2.47%

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Market cap: $91.9B
P/E: 6.4×
Fwd P/E: —
Dividend yield: 2.86%
F-score: 6/9
Altman Z: 1.50
Beneish M: −2.60
Dividend safety: 61/100

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

Insider Decisions trades per month

Total buys 0.01

Total sells 0.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	1	—	—	—	—	—	—
Sell	—	—	—	—	—	1	—	—	—	—	—	—

Insider Ownership 42.28%

Capital & Financial Ratios $m

Market Cap 91,870.00

Revenue 104,227.00

Net Income 25,624.00

Free Cash Flow 20,733.00

Net Debt 50,170.00

Current Ratio 0.85

Debt/Equity 0.65

P/E ratio 6.39

Fwd P/E —

P/S ratio 1.56

P/B ratio 1.75

Past 5Y EPS Growth 76.00%

This Y EPS Growth 53.07%

Next Y EPS Growth (18.27%)

Next Y revenue growth —

Next 5Y EPS Growth 6.46%

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 58.47%

10-year low 10-year high

P/S against its own 10 years 97.64%

10-year low 10-year high

P/B against its own 10 years 99.93%

10-year low 10-year high

EV/Sales against its own 10 years 83.31%

10-year low 10-year high

EV/FCF against its own 10 years 75.44%

10-year low 10-year high

Dividends

Payout Ratio 0.18

Annual Dividend Rate 0.72

Annual Dividend Yield 2.86%

	total	individual payouts
2026	0.72	0.13 0.14 0.45
2024	1.26	0.22 0.35 0.22 0.15 0.50 0.47
2023	0.96	0.58 0.38 0.15 0.18
2022	1.36	1.17 0.72 1.30 0.64
2021	2.04	0.29 0.61 1.14
2020	0.18	0.09 0.09
2019	0.24	0.05 0.10 0.09
2018	0.08	0.03 0.02 0.05 0.02

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	15,546	7,534	9,197	10,386
Receivables	7,313	5,532	6,653	8,374
Inventory	7,681	6,710	8,210	9,718
Other	1,905	1,699	920	875
	32,445	21,836	25,448	29,937

	2023	2024	2025	Q'26
Payables	4,813	6,082	7,442	6,617
ST’ Debt	4,322	2,566	2,186	1,435
Other	8,520	6,929	9,189	8,742
	33,860	31,460	36,051	35,037

Compound Annual Growth %

	10y	5y	3y
Sales	(0.87%)	10.69%	(10.51%)
Cash Flow	3.33%	4.53%	(10.16%)
Earnings	0.00%	76.66%	(18.76%)
Book Value	1.40%	4.85%	2.81%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	23,535	33,607	—	—	—
’25	21,073	21,037	23,477	23,608	89,195
’24	23,768	23,467	23,366	20,815	91,416
’23	26,771	22,979	25,552	27,107	102,409
’22	27,189	34,703	32,411	30,171	124,474
’21	15,698	20,982	23,255	24,031	83,966
’20	17,143	9,322	13,148	14,445	53,683

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8,399	12,250	—	—	—
’25	8,498	7,531	9,856	10,162	36,047
’24	9,386	9,087	11,307	8,204	37,984
’23	10,347	9,642	11,554	11,669	43,212
’22	10,308	14,496	12,065	12,848	49,717
’21	7,244	10,823	10,528	9,196	37,791
’20	7,777	4,862	21,818	6,791	28,890

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	4,136	7,441	—	—	—
’25	4,999	2,984	4,969	4,187	17,139
’24	6,548	6,153	6,864	4,638	24,203
’23	9,779	8,336	4,908	11,681	34,704
’22	9,685	14,424	10,655	10,218	44,982
’21	5,795	9,137	11,929	9,388	36,249
’20	6,189	3,513	18,370	6,791	25,013

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.96	1.62	—	—	—
’25	0.92	0.74	0.94	0.44	3.04
’24	0.74	(0.06)	0.92	(0.44)	1.16
’23	1.12	0.90	0.84	0.96	3.82
’22	1.32	1.68	1.34	1.26	5.62
’21	0.03	1.24	0.92	0.86	3.04
’20	(1.48)	(0.04)	(0.04)	0.88	0.18

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.71	7.61	9.02	12.68	4.01	7.06	8.88	9.27	12.55	11.03	Analyst estimates 2026–2028 Powerpack
	High	12.56	11.71	17.20	17.90	16.30	12.38	16.32	16.55	17.91	14.98
People
People	Employees	68,829	62,703	63,361	57,983	49,050	45,532	45,149	46,730	49,185	50,687
	Revenue/emp, $m	1.18	1.42	1.34	1.32	1.09	1.84	2.76	2.19	1.86	1.76
Income, $m
Income, $m	Revenue	81,405	88,827	84,638	76,589	53,683	83,966	124,474	102,409	91,416	89,195
	Gross margin, %	31.92	32.29	38.34	40.29	45.62	48.59	52.21	52.70	50.29	47.60
	EBT	(3,665)	1,997	10,827	12,003	(226)	28,225	53,525	35,396	11,142	26,795
	EBT margin, %	(4.50)	2.25	12.79	15.67	(0.42)	33.61	43.00	34.56	12.19	30.04
	Net income	(4,349)	169	7,414	10,363	948	19,986	36,755	24,995	7,605	19,720
	Depreciation	13,965	13,307	11,912	14,836	11,445	11,695	13,218	13,280	12,479	15,147
Per share, $
Per share, $	Revenue	12.48	13.62	12.98	11.74	8.23	12.87	19.09	15.73	14.17	13.84
	Earnings	(0.74)	(0.01)	1.10	1.56	0.18	3.04	5.62	3.82	1.16	3.04
	Cash flow	4.00	4.16	4.04	3.93	4.43	5.79	7.62	6.64	5.89	5.59
	Capex	(1.82)	(2.09)	(0.94)	(1.31)	(0.59)	(0.24)	(0.73)	(1.31)	(2.14)	(2.93)
	Free cash flow	2.18	2.07	3.10	2.61	3.84	5.56	6.90	5.33	3.75	2.66
	Book value	11.89	12.50	11.22	11.38	9.18	10.70	10.71	12.13	9.20	11.78
	Shares, m	6,522	6,522	6,522	6,522	6,522	6,522	6,522	6,511	6,449	6,444
Valuation, ×
Valuation, ×	P/E	0.00	0.00	11.83	8.30	0.00	3.60	1.70	4.19	11.09	3.90
	P/S	0.87	0.79	1.00	1.36	1.35	0.85	0.50	1.02	0.91	0.86
	P/B	0.91	0.86	1.16	1.40	1.23	1.03	0.89	1.32	1.40	1.01
	EV/Sales	2.05	1.75	1.82	2.31	2.53	1.42	0.84	1.41	1.39	1.42
	EV/FCF	11.73	11.50	7.62	10.39	4.31	3.29	2.33	4.15	5.25	7.41
Cash, $m
Cash, $m	Operating cash flow	26,114	27,112	26,353	25,600	28,890	37,791	49,717	43,212	37,984	36,047
	Capex	(11,880)	(13,639)	(6,114)	(8,556)	(3,877)	(1,542)	(4,735)	(8,508)	(13,781)	(18,908)
	Free cash flow	14,234	13,473	20,239	17,044	25,013	36,249	44,982	34,704	24,203	17,139
Balance, $m
Balance, $m	Working capital	19,866	22,183	12,011	(1,004)	1,163	5,973	(130)	(1,415)	(9,624)	(10,603)
	Total debt	118,352	109,271	84,337	81,384	69,840	58,760	53,674	55,400	51,769	59,756
	Net debt	96,363	84,867	69,355	73,124	57,470	47,643	42,905	39,854	44,235	50,559
	Shareholders’ equity	77,550	81,502	73,175	74,215	59,876	69,812	69,836	78,975	59,350	75,891
Returns, %
Returns, %	ROA	(2.03)	(0.04)	3.03	4.49	0.54	10.91	20.26	12.31	3.78	9.72
	ROIC	1.55	7.01	7.36	8.74	5.36	20.00	31.66	20.00	16.22	12.91
	ROE	(6.74)	(0.11)	9.27	13.77	1.70	30.65	52.45	33.44	10.88	29.04

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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
SHEL Shell PLC Unsponsored ADR	$285.7B	10.9×	—	+45.02% (above 0%: growing)	+218.03% (above 0%: growing)	+173.92% (above 0%: growing)	27.23%	17.51%	Compare
TTE TotalEnergies SE Sponsored ADR	$191.3B	10.7×	7.6×	+27.80% (above 0%: growing)	+106.78% (above 0%: growing)	+464.21% (above 0%: growing)	32.91%	13.37%	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%
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%	Compare
Median of peers	$91.8B	11.9×	7.8×	+40.62%	+179.18%	+161.64%	31.20%	18.00%

All 19 Oil & Gas Integrated stocks →

Petroleo Brasileiro S.A.- Petrobras (PBR) key facts

Concern: Petroleo Brasileiro S.A.- Petrobras' revenue for fiscal 2025 (year ended December 2025) was $89.2 billion, down 2.43% from fiscal 2024.
Petroleo Brasileiro S.A.- Petrobras (PBR) is an Oil & Gas Integrated company in the Energy sector, traded in the US as an ADR.
As of October 9, 2026, PBR traded at $25.30, a market capitalization of $91.9 billion.
Petroleo Brasileiro S.A.- Petrobras pays an annual dividend of $0.72 per share, a yield of 2.86%, with a payout ratio of 18.3%.
Return on equity was 29.0% and debt-to-equity 0.65.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.50 (distress zone) for fiscal 2025.