undamentalytics Newsletter
Sign in

PBF Energy Inc. (PBF) stock

Add to watchlist

Add holding +

NYSE: PBF NYSE Oil & Gas Refining & Marketing Next results ~February 11, 2027

B+ Fundamentals grade

PBF Energy Inc. is a US-listed company in the oil & gas refining & marketing industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($88.36) is 0.32x the median of our other models ($271.94); a gap this wide usually means the cash flow is temporarily depressed (heavy investment, a one-off payment).

Price vs value

Under review: our cash-flow value ($88.36) is 0.32x the median of our other models ($271.94); a gap this wide usually means the cash flow is temporarily depressed (heavy investment, a one-off payment). We'll show the comparison once resolved.

PBF Energy Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 10 selling0 purchases and 147 sales by directors and officers, last 12 monthsInsider trades
  • Funds256 adding, 171 cuttingOf 58 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter PBF Energy files

10-Q filed October 29: PBF Energy

Revenue for the twelve months to September 2026 was $38.9bn, up 31.5% on a year earlier, faster than the 13.5% growth a quarter earlier. That growth ranks 1 of 11 among the oil & gas refining & marketing companies we cover. Free-cash-flow margin rose to 6.8% from -4.4% a year earlier. Operating margin widened to 9.8% from -1.9%. The diluted share count is up 4.3% on a year earlier, which dilutes existing holders. The rating stays Hold.

Our model value for PBF Energy is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 30: PBF Energy

PBF Energy's revenue reached $38.9bn in the twelve months to June 2026, a 31.5% rise on the year before and a sharp acceleration from the 13.5% growth recorded a quarter earlier. Among the eleven oil & gas refining & marketing companies we cover, that pace of growth ranks first. Profitability has also improved markedly: free-cash-flow margin climbed to 6.8% from -4.4% a year earlier, while operating margin widened to 9.8% from -1.9%. Shareholders should note, however, that the diluted share count is up 4.3% on a year ago, which dilutes existing holders. Taken together, these shifts have lifted the company's fundamentals grade from C+ to B, reflecting a broad-based improvement in both growth and margins over the period.

10-Q on SEC EDGAR

Where PBF Energy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $34.4bn, up 13.5% on a year earlier, against a decline of 4.3% a quarter earlier. Free-cash-flow margin rose to 2.2% from -4.4% a year earlier. Operating margin widened to 5.8% from -4.1%. The diluted share count is up 3.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 6 of our 7 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 11, 2027 (estimated)

PBF Energy Inc.'s trailing-twelve-month revenue grew 31.5% year on year, with a free-cash-flow margin of 6.8%. Where it stands out: change in growth rate of +18.0pp ranks 1 of 16 oil & gas refining & marketing companies we cover.

Our discounted-cash-flow model values the business at ~$130 per share in the base case (~$99–$170 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 31.5% (+18.0pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 31.5% over the last 12 months, against a median of 13.2% for oil & gas refining & marketing companies we cover.
  • Growth speeding up. The growth rate is 18.0 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 11.7 points on a year ago.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 106.9% over 90 days.

Things to watch

  • Share dilution. Diluted shares rose 4.3% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 65% and a beta of -0.6 against the S&P 500.
  • Insiders selling. 10 insiders sold $1,027M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Heavily shorted. 12.5% of the shares available to trade are sold short (3.0 days of average volume to cover).
  • Earnings expected to fall. The consensus expects earnings per share to fall 36% next year.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$12.78 against an average estimate of $11.11: beat by 15.1%
Revenue
$12.13bn, up 58.6% on a year earlier
Share reaction
+6.4% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $8.87

PBF Energy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.7%
  • 1 week-6.8%
  • 1 month-7.1%
  • This year+182.0%
  • 1 year+125.4%
  • 5 years+496.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$38.9B
Operating margin
9.8%
Net margin
7.0%
EPS (TTM, diluted)
$22.76

Growth

Revenue growth
+31.5%
Change in growth rate
+18.0 pts
Share count change
+4.3%

Cash

Free cash flow (TTM)
$2.6B
FCF margin
6.8%
Stock pay % of revenue
0.1%

Earnings

Last results
October 29, 2026
Next results (est.)
February 11, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Announcement
  4. Insider trade
  5. Insider trade
  6. Agreement
  7. Insider trade
  8. Announcement
  9. Agreement
  10. Financing
  11. Announcement
  12. Announcement
  13. Insider trade
  14. Insider trade
  15. Insider trade
  16. Insider trade
  17. Insider trade
  18. Insider trade
  19. Insider trade
  20. Insider trade
  21. Insider trade
  22. Insider trade
  23. Insider trade
  24. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

PBF Energy Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($88.36) is 0.32x the median of our other models ($271.94); a gap this wide usually means the cash flow is temporarily depressed (heavy investment, a one-off payment).

Our value per share comes from a discounted-cash-flow model of PBF Energy Inc.'s free cash flow after stock-based pay ( $683M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value PBF Energy Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.75 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$130 ~$99–$170 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$270 ~$200–$320 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$160 ~$140–$180 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$650 ~$450–$960 Left out: out of range vs price (8.63x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$350 ~$300–$430 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare PBF Energy Inc. with Oil & Gas Refining & Marketing in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$27.40$21.77$29.10$27.66$27.71$6.34$11.58$36.58$40.22$24.94$26.63$75.08
Market value$2.6bn$2.3bn$3.3bn$3.3bn$3.4bn$765m$1.4bn$4.6bn$5.2bn$2.9bn$3.1bn$8.9bn
+ Net debt (− = net cash)$933m$1.4bn$1.6bn$1.4bn$1.3bn$3.1bn$3.0bn−$209m−$482m$966m$1.7bn−$354m
Enterprise value$3.5bn$3.7bn$5.0bn$4.7bn$4.7bn$3.9bn$4.4bn$4.4bn$4.8bn$3.9bn$4.7bn$8.6bn
Multiples
Price / sales 0.2x0.1x0.2x0.1x0.1x0.1x0.1x0.1x0.1x0.1x0.1x0.2x
Price / earnings 17.6x13.2x8.0x25.6x10.6x—6.1x1.6x2.5x——3.3x
Price / free cash flow 12.5x6.4x8.7x6.3x6.4x—6.2x1.1x7.7x——3.4x
EV / EBITDA 7.5x5.7x5.3x8.2x5.1x—5.4x1.0x1.5x—14.9x2.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard PBF Energy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.9% of total assets over 10 years.

  • Pricing power 5 / 20

    Gross margin has been a median 2.8%, moving by 5.0 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 1.7%; its worst year was -5.4%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 8 of 10 years, at a median 1.2% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 2.0% over five years; stock-based pay has been a median 0.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $26.56 +743% $42.3bn +44%
Next $18.56 −36% $38.2bn −10%

Next year's EPS estimate has moved +106.9% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +56.5% on 90 days ago. In the last 30 days, 10 analysts raised PBF Energy Inc.'s forecast and 0 cut it.

Consensus EPS forecast PBF Energy Inc., last 90 days
$0.00 $10.00 $20.00 $30.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $16.97 Current fiscal year, 60 days ago: $17.97 Current fiscal year, 30 days ago: $20.16 Current fiscal year, 7 days ago: $24.51 Current fiscal year, Now: $26.56 $26.56 Next fiscal year, 90 days ago: $8.97 Next fiscal year, 60 days ago: $11.00 Next fiscal year, 30 days ago: $12.38 Next fiscal year, 7 days ago: $18.56 Next fiscal year, Now: $18.56 $18.56

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $16.97$8.97
60 days ago $17.97$11.00
30 days ago $20.16$12.38
7 days ago $24.51$18.56
Now $26.56$18.56

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $11.11 $12.78 +15.1%
Jun 2026 $4.12 $6.22 +51.1%
Mar 2026 −$0.90 −$0.88 +1.7%
Dec 2025 −$0.11 $0.49 +550.0%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows PBF Energy Inc.'s revenue by +4.2% next year and +5.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+0.9%, weight 66%) and the company's own record (+10.6%, weight 34%) . How the weights are set.

Analyst recommendations

15 analysts, Oct 2026
Buy17%
Hold1067%
Sell427%

Monthly trend

  1. Oct 202610315
  2. Sep 2026193114
  3. Aug 2026193114
  4. Jul 2026193114

Counts of recommendations published by analysts covering PBF Energy Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.5%
of tradable shares
Days to cover
3.02
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
91%
of shares
Held by insiders
13.6%
of shares
Employees
3,678
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +125.4%

$33.30 on October 31, 2025 to $75.08

ThenNowEffect
Revenue (last 12 months) $30.3bn $34.4bn +13.5%
P/S multiple 0.1x 0.3x +105.9%
Share count 114m 118m −3.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +79.4%

$41.84 on November 3, 2023 to $75.08

ThenNowEffect
Revenue (last 12 months) $42.1bn $34.4bn −18.3%
Net margin 7.4% 3.9% −46.5%
P/E multiple 1.8x 6.5x +268.2%
Share count 132m 118m +11.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PBF+83%+216%+10%−38%+7%+182%
Industry peers (median)+29%+41%+11%−12%+19%+62%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PBF67%83%50%25%67%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PBF−60%−40%−35%−59%−54%−28%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 92% from October 3, 2018 to October 28, 2020. Getting back needed a 1078% gain, reached on August 11, 2023, 1017 days after the low.

Price behaviour

52-week range
$25.55 – $91.17
From 52-week high
−17.6%
vs 50-day average
−3.0%
vs 200-day average
+40.1%
Volatility (1 year)
65%
Beta vs S&P 500
-0.64

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±6.1%
After a week
3 up, 8 down
typical move ±7.6%
After a month
7 up, 4 down
typical move ±11.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +6.4% −2.1% — —
July 30, 2026 +14.1% +2.4% −3.3% +12.9%
April 30, 2026 −0.3% +1.3% −5.9% −2.4%
February 12, 2026 −3.4% −1.5% −3.9% +22.8%
October 30, 2025 +0.2% −0.8% +8.0% +2.5%
July 31, 2025 −12.0% −2.0% −9.5% +12.3%
May 1, 2025 +2.0% +2.2% +12.5% +9.0%
February 13, 2025 −12.8% +1.1% −12.8% −15.1%
October 31, 2024 −2.6% −1.5% +6.1% +14.5%
August 1, 2024 −11.2% −3.3% −7.7% −15.8%
May 2, 2024 −0.6% +2.2% −4.4% −12.6%
February 15, 2024 −7.8% +0.2% −9.4% +7.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

PBF Energy Inc. in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) PBF Energy Inc.
$25B $30B $35B $40B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $38.3B Revenue (TTM), FY24 Q1: $37.7B Revenue (TTM), FY24 Q2: $37.3B Revenue (TTM), FY24 Q3: $34.9B Revenue (TTM), FY24 Q4: $33.1B Revenue (TTM), FY25 Q1: $31.5B Revenue (TTM), FY25 Q2: $30.3B Revenue (TTM), FY25 Q3: $29.5B Revenue (TTM), FY25 Q4: $29.3B Revenue (TTM), FY26 Q1: $30.2B Revenue (TTM), FY26 Q2: $34.4B Revenue (TTM), FY26 Q3: $38.9B $38.9B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $38.3B
FY24 Q1 $37.7B
FY24 Q2 $37.3B
FY24 Q3 $34.9B
FY24 Q4 $33.1B
FY25 Q1 $31.5B
FY25 Q2 $30.3B
FY25 Q3 $29.5B
FY25 Q4 $29.3B
FY26 Q1 $30.2B
FY26 Q2 $34.4B
FY26 Q3 $38.9B
Revenue growth, TTM YoY PBF Energy Inc.
-20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -18.2% Revenue growth, TTM YoY, FY24 Q1: -19.8% Revenue growth, TTM YoY, FY24 Q2: -11.4% Revenue growth, TTM YoY, FY24 Q3: -12.8% Revenue growth, TTM YoY, FY24 Q4: -13.6% Revenue growth, TTM YoY, FY25 Q1: -16.3% Revenue growth, TTM YoY, FY25 Q2: -18.7% Revenue growth, TTM YoY, FY25 Q3: -15.4% Revenue growth, TTM YoY, FY25 Q4: -11.4% Revenue growth, TTM YoY, FY26 Q1: -4.3% Revenue growth, TTM YoY, FY26 Q2: 13.5% Revenue growth, TTM YoY, FY26 Q3: 31.5% 31.5%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -18.2%
FY24 Q1 -19.8%
FY24 Q2 -11.4%
FY24 Q3 -12.8%
FY24 Q4 -13.6%
FY25 Q1 -16.3%
FY25 Q2 -18.7%
FY25 Q3 -15.4%
FY25 Q4 -11.4%
FY26 Q1 -4.3%
FY26 Q2 13.5%
FY26 Q3 31.5%
Operating margin (TTM) PBF Energy Inc.
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.7% Operating margin (TTM), FY24 Q1: 6.8% Operating margin (TTM), FY24 Q2: 3.0% Operating margin (TTM), FY24 Q3: -1.0% Operating margin (TTM), FY24 Q4: -2.1% Operating margin (TTM), FY25 Q1: -4.3% Operating margin (TTM), FY25 Q2: -4.1% Operating margin (TTM), FY25 Q3: -1.9% Operating margin (TTM), FY25 Q4: -0.2% Operating margin (TTM), FY26 Q1: 2.5% Operating margin (TTM), FY26 Q2: 5.8% Operating margin (TTM), FY26 Q3: 9.8% 9.8%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.7%
FY24 Q1 6.8%
FY24 Q2 3.0%
FY24 Q3 -1.0%
FY24 Q4 -2.1%
FY25 Q1 -4.3%
FY25 Q2 -4.1%
FY25 Q3 -1.9%
FY25 Q4 -0.2%
FY26 Q1 2.5%
FY26 Q2 5.8%
FY26 Q3 9.8%
FCF margin (TTM) PBF Energy Inc.
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 1.8% FCF margin (TTM), FY24 Q1: 0.9% FCF margin (TTM), FY24 Q2: 2.3% FCF margin (TTM), FY24 Q3: 0.9% FCF margin (TTM), FY24 Q4: -1.0% FCF margin (TTM), FY25 Q1: -3.2% FCF margin (TTM), FY25 Q2: -4.4% FCF margin (TTM), FY25 Q3: -4.4% FCF margin (TTM), FY25 Q4: -2.7% FCF margin (TTM), FY26 Q1: -2.3% FCF margin (TTM), FY26 Q2: 2.2% FCF margin (TTM), FY26 Q3: 6.8% 6.8%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 1.8%
FY24 Q1 0.9%
FY24 Q2 2.3%
FY24 Q3 0.9%
FY24 Q4 -1.0%
FY25 Q1 -3.2%
FY25 Q2 -4.4%
FY25 Q3 -4.4%
FY25 Q4 -2.7%
FY26 Q1 -2.3%
FY26 Q2 2.2%
FY26 Q3 6.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 20.1 19.2 19.8 13.1 15.9 21.8 27.2 24.5 15.1 27.3 46.8 38.3 33.1 29.3 38.9
Gross profit — — — 0.6 0.7 1.0 0.6 0.9 −1.6 0.9 4.7 2.4 −0.4 −0.6 3.5
EBITDA 1.0 0.4 0.3 0.5 0.6 0.9 0.6 0.9 −1.1 0.8 4.4 3.3 −0.3 0.3 3.8
Operating income 0.9 0.3 0.1 0.4 0.5 0.7 0.4 0.6 −1.4 0.6 4.2 3.0 −0.7 −0.1 3.8
Net income 0.0 0.0 −0.0 0.1 0.2 0.4 0.1 0.3 −1.4 0.2 2.9 2.1 −0.5 −0.2 2.7
Diluted EPS $0.24 $1.20 −$0.51 $1.65 $1.74 $3.73 $1.10 $2.64 −$11.64 $1.90 $22.84 $16.52 −$4.60 −$1.39 $22.76
Growth (year on year)
Revenue — −4.9% +3.5% −33.8% +21.3% +36.8% +24.8% −9.9% −38.3% +80.3% +71.8% −18.2% −13.6% −11.4% +31.5%
EBITDA — −58.7% −36.4% — +38.2% +46.0% −39.8% +60.4% −220.3% — +439.6% −26.0% −110.4% — —
Operating income — −64.3% — — +38.7% +46.5% −51.1% — −318.3% — +595.4% −28.9% −123.7% — —
Net income — — — — — — — — — — — −25.6% −124.9% — —
Diluted EPS — — — — — — — — — — — −27.7% −127.8% — —
Margins
Gross margin — — — 4.2% 4.3% 4.4% 2.2% 3.7% −10.8% 3.3% 10.0% 6.3% −1.1% −1.9% 8.9%
EBITDA margin 4.7% 2.1% 1.3% 3.5% 4.0% 4.3% 2.1% 3.7% −7.2% 3.0% 9.4% 8.5% −1.0% 1.1% 9.9%
Operating margin 4.6% 1.7% 0.7% 2.7% 3.1% 3.4% 1.3% 2.6% −9.4% 2.2% 8.9% 7.7% −2.1% −0.2% 9.8%
Net margin 0.0% 0.2% −0.2% 1.1% 1.1% 1.9% 0.5% 1.3% −9.2% 0.8% 6.1% 5.6% −1.6% −0.5% 7.0%
Free-cash-flow margin 3.2% −0.1% −0.1% 1.6% 2.2% 1.7% 1.9% 2.2% −5.5% 0.8% 8.8% 1.8% −1.0% −2.7% 6.8%
Cash flow
Cash from operations 0.8 0.3 0.5 0.6 0.7 0.7 0.8 0.9 −0.6 0.5 4.8 1.3 0.0 −0.1 3.5
Capital spending 0.2 0.3 0.5 0.4 0.3 0.3 0.3 0.4 0.2 0.2 0.6 0.7 0.4 0.7 0.9
Free cash flow 0.6 −0.0 −0.0 0.2 0.4 0.4 0.5 0.5 −0.8 0.2 4.1 0.7 −0.3 −0.8 2.6
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0
Free cash flow after stock pay 0.6 −0.0 −0.0 0.2 0.3 0.4 0.5 0.5 −0.9 0.2 4.1 0.6 −0.4 −0.8 2.6
Balance sheet
Cash 0.3 0.1 0.4 0.9 0.7 0.6 0.6 0.8 1.6 1.3 2.2 1.8 0.5 0.5 2.5
Total debt 0.7 0.7 1.3 1.9 2.2 2.2 2.0 2.1 4.7 4.3 2.0 1.3 1.5 2.2 2.2
Net debt (negative = net cash) 0.4 0.7 0.9 0.9 1.4 1.6 1.4 1.3 3.1 3.0 −0.2 −0.5 1.0 1.7 −0.4
Diluted shares 32m 33m 74m 94m 104m 114m 119m 122m 121m 123m 127m 131m 117m 115m 119m
Returned to shareholders
Dividends 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.1 0.1
Buybacks 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.5 0.3 0.0 —
Total returned 0.0 0.0 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.2 0.6 0.4 0.1 0.1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

7 of 7 checks passed · September 30, 2026
What it owns · $17.2bn
Short-term assets $8.0bnLonger-term assets $9.2bn
What it owes, and who funded it · $17.1bn
Short-term liabilities $5.0bnLonger-term liabilities $4.1bnShareholders' equity $8.0bn
  • Short-term assets cover short-term liabilities $8.0bn of assets due within a year against $5.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $8.0bn short-term assets against $4.1bn of longer-dated liabilities.
  • More cash than debt $2.5bn of cash against $2.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 27% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 222% to 27% over five years.
  • A year's operating cash flow covers at least 20% of debt $3.5bn of operating cash flow against $2.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $3.8bn against $152m of interest.

From PBF Energy Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$128M
Returned to shareholders
-16%
of free cash flow
Buybacks, last 3 fiscal years
$862M
Diluted share count
+4.3%
year over year
Total shareholder yield
1.4%
dividends 1.4% + buybacks 0.0% of market value
Dividend payout ratio
5%
of net income paid out

Competitors: side by side with peers

Closest by revenue in oil & gas refining & marketing
Last 12 months unless stated PBF DINO WKC UGP DK VLO Median
Revenue, last 12 months $38.9bn $34.8bn $45.6bn $25.5bn $12.1bn $153.3bn $10.3bn
Revenue growth, last 12 months 31.5% 29.5% 21.1% 2.5% 11.4% 24.6% 13.0%
Revenue growth, 3-year average −1.0% 1.5% −2.8% — −12.0% 0.5% −0.8%
Revenue growth, latest quarter 58.6% 49.7% 41.3% — 47.8% 43.3% 46.4%
Gross margin 8.9% 18.5% 2.5% 6.6% 7.1% 12.3% 8.0%
Operating margin 9.8% 13.5% −0.1% 0.1% 4.8% 11.5% 2.9%
Operating margin, 3-year average 2.3% 5.8% −0.1% — −0.3% 5.6% 2.3%
Net margin 7.0% 10.1% −0.4% 1.7% 1.9% 8.4% 1.8%
Cash from operations / revenue 9.0% 10.8% 0.3% 3.8% 10.5% 10.4% 5.1%
Free-cash-flow margin 6.8% 9.4% 0.2% 3.0% 5.5% 9.3% 4.8%
Free-cash-flow margin, 3-year average 1.1% 5.2% 0.4% 1.7% 0.2% 4.7% 2.4%
Stock pay / revenue 0.1% 0.1% 0.1% 0.0% 0.3% 0.1% 0.1%
Change in share count 4.3% −4.3% −6.3% −2.0% −2.8% −5.8% −1.4%

Median of all 16 companies we cover in oil & gas refining & marketing. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

16 oil & gas refining & marketing companies
Measure Company Peer median Rank
Revenue growth Growth 31.5% 13.2% 2 of 16
Change in growth rate Growth +18.0pp +12.9pp 1 of 16
Gross margin Profitability 8.9% 7.1% 6 of 14
Operating margin Profitability 9.8% 4.8% 4 of 14
Net margin Profitability 7.0% 1.9% 5 of 16
Free-cash-flow margin Cash generation 6.8% 4.8% 6 of 15
Stock pay as % of revenue Cash generation 0.1% 0.1% 6 of 11
Long-term debt as % of assets Balance sheet 12.2% 23.4% 2 of 12
Change in share count Balance sheet 4.3% -1.4% 12 of 15

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Priortoelimination $29.7B 100.0% ▼ 11.3%
Refining Group $29.3B 98.7% ▼ 11.4%
Logistics Group $384M 1.3% ▼ 0.9%

From PBF Energy Inc.'s 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.8B
Institutions reporting
437
Shares held vs prior quarter
▲ 6.7%
Positions opened / closed
72 / 50

Top buyers and sellers, Q2 2026: 256 institutions bought and 171 sold ; the biggest buyer was FMR LLC (+2.5M shares) and the biggest seller Invesco Ltd (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $606M 13.3M 12.7% ▲ 11.8%
Goldman Sachs Group Inc $279M 6.1M 5.8% ▲ 13.8%
State Street Corp $251M 5.5M 5.3% ▲ 3.5%
Vanguard Portfolio Management LLC $246M 5.4M 5.2% ▲ 9.9%
Dimensional Fund Advisors LP $234M 5.1M 4.9% ▲ 17.5%
Two Sigma Investments, LP $215M 4.7M 4.5% ▲ 22.2%
Vanguard Capital Management LLC $189M 4.1M 4.0% ▲ 7.0%
AQR Capital Management LLC $166M 3.7M 3.5% ▲ 131.0%
T. Rowe Price Investment Management, Inc. $128M 2.8M 2.7% ▼ 16.3%
Arrowstreet Capital, Limited Partnership $126M 2.8M 2.6% ▼ 14.4%
FMR LLC $118M 2.6M 2.5% ▲ 2701.8%
Geode Capital Management, LLC $113M 2.5M 2.4% ▲ 16.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not PBF Energy Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1B 147 trades by 10 insiders · 0% under pre-set plans
Net ▼ $1B net selling
Insider Date Trade Shares Price Value
Control Empresarial De Capitales S.A. De C.V. 10% owner October 8, 2026 Sell 100,000 $88.40 $8.8M
Control Empresarial De Capitales S.A. De C.V. 10% owner October 8, 2026 Sell 70,000 $87.50 $6.1M
Control Empresarial De Capitales S.A. De C.V. 10% owner October 5, 2026 Sell 120,000 $84.13 $10.1M
Control Empresarial De Capitales S.A. De C.V. 10% owner October 1, 2026 Sell 100,000 $82.00 $8.2M
Control Empresarial De Capitales S.A. De C.V. 10% owner September 11, 2026 Sell 150,000 $80.60 $12.1M
Control Empresarial De Capitales S.A. De C.V. 10% owner September 10, 2026 Sell 175,776 $78.16 $13.7M
Control Empresarial De Capitales S.A. De C.V. 10% owner September 10, 2026 Sell 140,000 $77.30 $10.8M
Control Empresarial De Capitales S.A. De C.V. 10% owner September 9, 2026 Sell 3,494 $77.23 $269,842
Control Empresarial De Capitales S.A. De C.V. 10% owner September 2, 2026 Sell 54,484 $77.09 $4.2M
Control Empresarial De Capitales S.A. De C.V. 10% owner September 2, 2026 Sell 45,516 $76.94 $3.5M
Nimbley Thomas J. Director August 19, 2026 Sell 116,008 $73.73 $8.6M
Nimbley Thomas J. Director August 18, 2026 Sell 125,000 $74.55 $9.3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 13 trades and filings

No trades in PBF Energy Inc. disclosed in the last 12 months; 13 earlier trades on record.

  • Lois Frankel(D-FL 21):Sale (full), $1,001 - $15,000, traded October 1, 2020, filed October 22, 2020
  • Lois Frankel(D-FL 21):Purchase, $1,001 - $15,000, traded June 9, 2020, filed June 28, 2020
  • Lois Frankel(D-FL 21):Purchase, $1,001 - $15,000, traded May 28, 2020, filed June 28, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 11, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • April 30, 2026
  • February 12, 2026
  • October 30, 2025
  • July 31, 2025

Recent SEC filings

Data status

When each part of this page on PBF Energy Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

PBF Energy Inc. in brief

What does PBF Energy Inc. do?
PBF Energy Inc. is a US-listed company in the oil & gas refining & marketing industry. Its financial year ends in December.
What is PBF Energy Inc.'s stock ticker?
PBF Energy Inc. trades under the ticker PBF on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is PBF Energy Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, PBF Energy Inc. reported revenue of $38.9B, 31.5% higher than a year earlier, according to its SEC filings.
What is PBF Energy Inc.'s free cash flow?
PBF Energy Inc.'s free-cash-flow margin is 6.8% of revenue over the trailing twelve months, ranking 6 of the 15 oil & gas refining & marketing companies we cover.
Who are PBF Energy Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Goldman Sachs Group Inc and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is PBF Energy Inc. buying back stock, and does it pay a dividend?
PBF Energy Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 4.3% over the year.
What is PBF Energy Inc.'s market cap?
On November 2, 2026, PBF Energy Inc.'s market capitalisation was about $8.9B, with a price-to-earnings ratio of 3.3 and net debt of -$354M. Market figures come from third-party market data and may be delayed.
Does PBF Energy Inc. pay a dividend?
Yes: PBF Energy Inc. paid $128M in dividends over the trailing twelve months, a dividend yield of 1.39% and a payout ratio of 4.7%.
How much debt does PBF Energy Inc. have?
PBF Energy Inc.'s debt-to-equity ratio is 26.6%, from its latest balance sheet (222.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are PBF Energy Inc.'s competitors?
In our Oil & Gas Refining & Marketing peer group, the companies closest to PBF Energy Inc. are HF Sinclair Corp, World Kinect Corp, Ultrapar Holdings Inc, Delek US Holdings, Inc. and Valero Energy. The side-by-side comparison below sets their revenue, margins and growth against PBF Energy Inc.'s.
Are insiders buying or selling PBF Energy Inc. stock?
Over the last 12 months, PBF Energy Inc.'s directors and officers reported 0 open-market purchases and 147 sales on Form 4. The insider trading page charts every trade.
When is PBF Energy Inc.'s next earnings date?
Around February 11, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — PBF Energy Inc. announces its own schedule.