PBF Energy Inc. (PBF) 10-Year Financial Performance & Capital Metrics

PBF • • Industrial / General

EnergyOil Refining & MarketingTraditional Petroleum Refining & MarketingIndependent Refiners

AboutPBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. As of December 31, 2021, the company owned and operated six oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.Show more

Revenue $33.12B -13.6%
EBITDA -$56M -101.6%
Net Income -$534M -124.9%
EPS (Diluted) -4.60 -127.8%
Gross Margin -1.12% -118.0%
EBITDA Margin -0.17% -101.8%
Operating Margin -2.11% -127.4%
Net Margin -1.61% -128.9%
ROE -8.67% -123.7%
ROIC -7.31% -120.4%
Debt/Equity 0.41 +32.2%
Interest Coverage -5.67 -126.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.6%
✓Healthy dividend yield of 3.3%
✓Share count reduced 10.3% through buybacks
✓Trading at only 0.6x book value
✓Efficient asset utilization: 2.6x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Thin 5Y average net margin of 0.4%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.26%

5Y6.2%

3Y6.71%

TTM-15.35%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-79.65%

EPS CAGR

10Y-

5Y-

3Y-

TTM-79.39%

ROCE

10Y Avg11.21%

5Y Avg12.8%

3Y Avg25.26%

Latest-7.26%

Peer Comparison

Independent Refiners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CVICVR Energy, Inc.	2.44B	24.30	348.64	-17.7%	2.27%	15.95%	7.04%	2.18
PBFPBF Energy Inc.	3.61B	31.19	-6.78	-13.59%	-1.78%	-9.81%		0.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	13.12B	15.92B	21.79B	27.19B	24.51B	15.12B	27.25B	46.83B	38.32B	33.12B
Revenue Growth %	-0.34%	0.21%	0.37%	0.25%	-0.1%	-0.38%	0.8%	0.72%	-0.18%	-0.14%
Cost of Goods Sold+	12.57B	15.24B	20.83B	26.58B	23.6B	16.75B	26.37B	42.15B	35.93B	33.49B
COGS % of Revenue	0.96%	0.96%	0.96%	0.98%	0.96%	1.11%	0.97%	0.9%	0.94%	1.01%
Gross Profit+	550.06M	682.99M	960.6M	602.6M	913.1M	-1.63B	887.2M	4.68B	2.4B	-372.2M
Gross Margin %	0.04%	0.04%	0.04%	0.02%	0.04%	-0.11%	0.03%	0.1%	0.06%	-0.01%
Gross Profit Growth %	0.16%	0.24%	0.41%	-0.37%	0.52%	-2.78%	1.54%	4.27%	-0.49%	-1.16%
Operating Expenses+	189.95M	183.53M	229M	244.5M	264.1M	-212.9M	290M	525.4M	-552.9M	326.8M
OpEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	-0.01%	0.01%	0.01%	-0.01%	0.01%
Selling, General & Admin	181.27M	166.32M	214.5M	277M	284M	248.5M	247.3M	468.7M	362.5M	260.4M
SG&A % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	8.68M	17.21M	14.5M	-32.5M	-19.9M	-461.4M	42.7M	56.7M	-915.4M	66.4M
Operating Income+	360.11M	499.46M	731.6M	358.12M	649M	-1.42B	597.2M	4.15B	2.95B	-699M
Operating Margin %	0.03%	0.03%	0.03%	0.01%	0.03%	-0.09%	0.02%	0.09%	0.08%	-0.02%
Operating Income Growth %	1.44%	0.39%	0.46%	-0.51%	0.81%	-3.18%	1.42%	5.95%	-0.29%	-1.24%
EBITDA+	567.12M	732.41M	1.03B	736.72M	1.1B	-835.7M	1.08B	4.69B	3.54B	-56M
EBITDA Margin %	0.04%	0.05%	0.05%	0.03%	0.04%	-0.06%	0.04%	0.1%	0.09%	-0%
EBITDA Growth %	0.69%	0.29%	0.41%	-0.29%	0.49%	-1.76%	2.29%	3.34%	-0.24%	-1.02%
D&A (Non-Cash Add-back)	207M	232.95M	299.9M	378.6M	447.5M	581.1M	483.8M	533.9M	591.6M	643M
EBIT	388.44M	513.21M	953.4M	378.7M	639.1M	-1.07B	645.1M	3.82B	3.02B	-645.4M
Net Interest Income+	-106.19M	-150.04M	-154.4M	-169.9M	-159.6M	-258.2M	-317.5M	-246M	-63.8M	-72M
Interest Income	0	0	0	0	0	0	0	20.6M	75M	51.2M
Interest Expense	106.19M	150.04M	154.4M	169.9M	159.6M	258.2M	317.5M	266.6M	138.8M	123.2M
Other Income/Expense	-77.85M	-136.29M	67.42M	-149.32M	-169.5M	85.6M	-269.6M	-595.6M	-65.7M	-69.6M
Pretax Income+	282.26M	363.17M	799.01M	208.8M	479.5M	-1.33B	327.6M	3.56B	2.89B	-768.6M
Pretax Margin %	0.02%	0.02%	0.04%	0.01%	0.02%	-0.09%	0.01%	0.08%	0.08%	-0.02%
Income Tax+	86.72M	137.65M	315.58M	33.5M	104.3M	2.1M	12.1M	584.8M	723.8M	-228.4M
Effective Tax Rate %	0.52%	0.47%	0.52%	0.61%	0.67%	1.05%	0.71%	0.81%	0.74%	0.69%
Net Income+	146.4M	170.81M	415.6M	128.3M	319.4M	-1.39B	231M	2.88B	2.14B	-533.8M
Net Margin %	0.01%	0.01%	0.02%	0%	0.01%	-0.09%	0.01%	0.06%	0.06%	-0.02%
Net Income Growth %	4.83%	0.17%	1.43%	-0.69%	1.49%	-5.36%	1.17%	11.45%	-0.26%	-1.25%
Net Income (Continuing)	195.53M	225.52M	483.4M	175.3M	375.2M	-1.33B	315.5M	2.97B	2.16B	-540.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	448.56M	545.64M	566.29M	572.01M	545.9M	559.5M	606.6M	126.8M	143M	134.4M
EPS (Diluted)+	1.65	1.74	3.73	1.10	2.64	-11.64	1.90	22.84	16.52	-4.60
EPS Growth %	4.24%	0.05%	1.14%	-0.71%	1.4%	-5.41%	1.16%	11.02%	-0.28%	-1.28%
EPS (Basic)	1.66	1.74	3.78	1.11	2.66	-11.64	1.92	23.47	17.13	-4.59
Diluted Shares Outstanding	94.14M	103.61M	113.9M	118.77M	121.85M	120.66M	122.64M	126.86M	130.51M	117.11M
Basic Shares Outstanding	88.11M	98.33M	109.78M	115.19M	119.89M	119.62M	120.24M	122.6M	124.95M	116.25M
Dividend Payout Ratio	1.02%	1.01%	0.44%	1.48%	0.45%	-	0.17%	0.01%	0.05%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.02B	3.41B	3.8B	3.24B	3.82B	3.87B	5.2B	6.55B	6.6B	4.54B
Cash & Short-Term Investments	944.32M	786.3M	573.02M	597.29M	814.9M	1.61B	1.34B	2.2B	1.78B	536.1M
Cash Only	944.32M	746.27M	573.02M	597.3M	814.9M	1.61B	1.34B	2.2B	1.78B	536.1M
Short-Term Investments	0	40.02M	0	-14K	0	0	0	0	0	0
Accounts Receivable	454.76M	620.17M	952.55M	718.21M	835M	512.9M	1.28B	1.46B	1.36B	1.17B
Days Sales Outstanding	12.65	14.22	15.96	9.64	12.44	12.38	17.11	11.35	12.98	12.84
Inventory	1.17B	1.86B	2.21B	1.87B	2.12B	1.69B	2.51B	2.76B	3.18B	2.6B
Days Inventory Outstanding	34.09	44.64	38.8	25.62	32.83	36.75	34.68	23.93	32.34	28.29
Other Current Assets	371.19M	137.22M	63.59M	-24K	0	58.8M	75M	122.8M	267.5M	247.5M
Total Non-Current Assets+	3.08B	4.21B	4.32B	4.77B	5.31B	6.63B	6.44B	7B	7.79B	8.16B
Property, Plant & Equipment	2.36B	3.33B	3.48B	3.82B	4.35B	5.76B	5.62B	6.04B	5.77B	5.91B
Fixed Asset Turnover	5.57x	4.78x	6.26x	7.12x	5.63x	2.62x	4.85x	7.75x	6.65x	5.60x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	219K	577K	537K	25.65M	24.3M	10.1M	9.6M	236.2M	8.6M	226.6M
Long-Term Investments	234.26M	0	0	-57K	0	0	0	0	881M	866.8M
Other Non-Current Assets	290.49M	506.02M	781.65M	873.44M	930.6M	862.1M	813.3M	726.5M	1.13B	1.15B
Total Assets+	6.11B	7.62B	8.12B	8.01B	9.13B	10.5B	11.64B	13.55B	14.39B	12.7B
Asset Turnover	2.15x	2.09x	2.68x	3.40x	2.68x	1.44x	2.34x	3.46x	2.66x	2.61x
Asset Growth %	0.17%	0.25%	0.07%	-0.01%	0.14%	0.15%	0.11%	0.16%	0.06%	-0.12%
Total Current Liabilities+	1.5B	2.06B	2.42B	2.13B	2.51B	2.45B	3.76B	5.2B	4.22B	3.63B
Accounts Payable	315.65M	535.91M	578.55M	488.43M	601.4M	407M	911.7M	854.6M	959M	735.6M
Days Payables Outstanding	9.16	12.84	10.14	6.71	9.3	8.87	12.62	7.4	9.74	8.02
Short-Term Debt	0	39.66M	16.61M	2.38M	0	7.4M	0	524.2M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	335.87M	330.83M	1.75B	35.54M	12.8M	785M	2.67B	3.52B	2.86B	285.8M
Current Ratio	2.02x	1.66x	1.57x	1.52x	1.52x	1.58x	1.38x	1.26x	1.56x	1.25x
Quick Ratio	1.24x	0.75x	0.66x	0.64x	0.68x	0.89x	0.72x	0.73x	0.81x	0.54x
Cash Conversion Cycle	37.57	46.02	44.62	28.55	35.96	40.27	39.17	27.88	35.57	33.11
Total Non-Current Liabilities+	2.51B	2.99B	2.8B	2.62B	3.04B	5.85B	5.35B	3.29B	3.54B	3.4B
Long-Term Debt	1.81B	2.11B	2.18B	1.93B	2.02B	4.55B	4.24B	1.43B	1.25B	1.46B
Capital Lease Obligations	31.8M	0	48.06M	0	299.1M	926.8M	699.4M	610.6M	654.9M	657.6M
Deferred Tax Liabilities	0	45.7M	33.16M	40.37M	96.9M	99.6M	111.4M	535.4M	1.07B	836M
Other Non-Current Liabilities	673.41M	840.43M	539.84M	650.72M	624.4M	268.5M	300.7M	711.5M	565.1M	447.6M
Total Liabilities	4.01B	5.05B	5.22B	4.76B	5.55B	8.3B	9.11B	8.49B	7.76B	7.02B
Total Debt+	1.84B	2.15B	2.19B	1.93B	2.4B	5.58B	5.01B	2.64B	2.04B	2.31B
Net Debt	896.03M	1.4B	1.62B	1.34B	1.58B	3.97B	3.67B	438.3M	260.7M	1.78B
Debt / Equity	0.88x	0.84x	0.75x	0.60x	0.67x	2.53x	1.98x	0.52x	0.31x	0.41x
Debt / EBITDA	3.25x	2.93x	2.12x	2.62x	2.18x	-	4.64x	0.56x	0.58x	-
Net Debt / EBITDA	1.58x	1.91x	1.57x	1.82x	1.44x	-	3.40x	0.09x	0.07x	-
Interest Coverage	3.39x	3.33x	4.74x	2.11x	4.07x	-5.49x	1.88x	15.58x	21.26x	-5.67x
Total Equity+	2.1B	2.57B	2.9B	3.25B	3.59B	2.2B	2.53B	5.06B	6.63B	5.68B
Equity Growth %	0.24%	0.23%	0.13%	0.12%	0.1%	-0.39%	0.15%	1%	0.31%	-0.14%
Book Value per Share	22.26	24.81	25.49	27.35	29.42	18.25	20.65	39.85	50.81	48.49
Total Shareholders' Equity	1.65B	2.03B	2.34B	2.68B	3.04B	1.64B	1.93B	4.93B	6.49B	5.54B
Common Stock	93K	94K	95K	105K	100K	100K	100K	100K	100K	100K
Retained Earnings	-83.45M	-44.85M	236.79M	225.84M	401.2M	-1.03B	-796.1M	2.06B	4.09B	3.44B
Treasury Stock	-150.8M	-151.55M	-152.59M	-160.8M	-165.7M	-167.3M	-169.1M	-327M	-868.2M	-1.22B
Accumulated OCI	-23.29M	-24.44M	-25.38M	-22.4M	-8.3M	-9.1M	17.3M	-1.5M	-12.3M	-8M
Minority Interest	448.56M	545.64M	566.29M	572.01M	545.9M	559.5M	606.6M	126.8M	143M	134.4M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	560.42M	651.93M	685.86M	838M	933.5M	-631.6M	477.3M	4.77B	1.34B	43.4M
Operating CF Margin %	0.04%	0.04%	0.03%	0.03%	0.04%	-0.04%	0.02%	0.1%	0.03%	0%
Operating CF Growth %	0.23%	0.16%	0.05%	0.22%	0.11%	-1.68%	1.76%	9%	-0.72%	-0.97%
Net Income	195.53M	225.52M	483.4M	175.29M	375.2M	-1.33B	315.5M	2.97B	2.14B	-540.2M
Depreciation & Amortization	207M	232.95M	299.86M	378.6M	447.5M	581.1M	483.8M	533.9M	591.6M	643M
Stock-Based Compensation	13.5M	22.66M	26.8M	25.97M	37.3M	34.2M	35.6M	54.3M	51.5M	44.3M
Deferred Taxes	-23.76M	231.85M	62.91M	18.8M	103.7M	-371.9M	60M	710.5M	537M	-239.2M
Other Non-Cash Items	506.41M	-443.96M	-210.11M	318.3M	-201M	-127.6M	-686.2M	159.5M	-854.9M	60.3M
Working Capital Changes	-338.26M	382.92M	23M	-78.95M	170.8M	585.9M	268.6M	341M	-1.13B	75.2M
Change in Receivables	97.64M	-165.42M	-332.38M	234.34M	-116.1M	322.1M	-764.7M	-178.8M	93.8M	197.5M
Change in Inventory	63.39M	236.6M	-54.7M	-3.31M	-6.3M	392.2M	-149.3M	-258.5M	-409M	587.9M
Change in Payables	-24.29M	217.57M	34.6M	-111.67M	137.5M	-206.6M	480.7M	-95.7M	124.7M	-196.7M
Cash from Investing+	-812.11M	-1.39B	-687.01M	-685.6M	-712.6M	-1.03B	-388.5M	-1.01B	-338.6M	-1.04B
Capital Expenditures	-353.96M	-298.74M	-306.68M	-317.46M	-404.9M	-196.2M	-249.1M	-633.3M	-659.6M	0
CapEx % of Revenue	0.03%	0.02%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	106.46M	-339.54M	-410.25M	-283.08M	-307.7M	345.9M	-139.4M	-377.6M	-509.6M	-1.04B
Cash from Financing+	798.14M	543.96M	-172M	-128.1M	-3.3M	2.45B	-356.8M	-2.9B	-1.42B	-250.7M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-148.8M	-172.24M	-133.49M	-138.9M	-143.5M	-35.9M	-39.7M	-24.7M	-105.8M	-120.6M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-17.83M	0	-43.81M	-58.01M	29.9M	-40.3M	-45.1M	-317.1M	-69.9M	11.2M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	206.46M	353.2M	379.18M	520.5M	528.6M	-827.8M	228.2M	4.14B	678.9M	-347.5M
FCF Margin %	0.02%	0.02%	0.02%	0.02%	0.02%	-0.05%	0.01%	0.09%	0.02%	-0.01%
FCF Growth %	11.29%	0.71%	0.07%	0.37%	0.02%	-2.57%	1.28%	17.14%	-0.84%	-1.51%
FCF per Share	2.19	3.41	3.33	4.38	4.34	-6.86	1.86	32.62	5.20	-2.97
FCF Conversion (FCF/Net Income)	3.83x	3.82x	1.65x	6.53x	2.92x	0.45x	2.07x	1.66x	0.63x	-0.08x
Interest Paid	96.86M	137.6M	0	164.4M	154M	206.9M	307M	249.7M	103.6M	93.1M
Taxes Paid	124.04M	3.84M	0	700K	2.7M	2.1M	5.7M	148.9M	299M	17.7M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.73%	7.32%	15.19%	4.17%	9.35%	-48.12%	9.76%	75.82%	36.63%	-8.67%
Return on Invested Capital (ROIC)	9.79%	10.76%	12.92%	5.9%	9.98%	-18.75%	7.24%	53.25%	35.74%	-7.31%
Gross Margin	4.19%	4.29%	4.41%	2.22%	3.73%	-10.78%	3.26%	9.99%	6.26%	-1.12%
Net Margin	1.12%	1.07%	1.91%	0.47%	1.3%	-9.21%	0.85%	6.14%	5.59%	-1.61%
Debt / Equity	0.88x	0.84x	0.75x	0.60x	0.67x	2.53x	1.98x	0.52x	0.31x	0.41x
Interest Coverage	3.39x	3.33x	4.74x	2.11x	4.07x	-5.49x	1.88x	15.58x	21.26x	-5.67x
FCF Conversion	3.83x	3.82x	1.65x	6.53x	2.92x	0.45x	2.07x	1.66x	0.63x	-0.08x
Revenue Growth	-33.81%	21.31%	36.85%	24.78%	-9.85%	-38.32%	80.3%	71.83%	-18.16%	-13.59%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Prior to elimination	-	-	-	-	-	-	-	-	38.67B	33.46B
Prior to elimination Growth	-	-	-	-	-	-	-	-	-	-13.47%
Refining Group	-	-	-	27.16B	24.47B	15.04B	27.2B	46.78B	38.29B	33.08B
Refining Group Growth	-	-	-	-	-9.92%	-38.51%	80.80%	71.97%	-18.15%	-13.61%
Logistics Group	-	-	-	283.44M	340.2M	360.3M	355.5M	369.3M	384.1M	386.8M
Logistics Group Growth	-	-	-	-	20.03%	5.91%	-1.33%	3.88%	4.01%	0.70%
Corporate	-	-	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
PBF Logistics LP	-	-	-	283.44M	340.2M	-	-	-	-	-
PBF Logistics LP Growth	-	-	-	-	20.03%	-	-	-	-	-
Intersegment Eliminations	-	-	-	-259.43M	-300.9M	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-	-15.99%	-	-	-	-	-
Gasoline And Distillate	11.55B	14.02B	18.32B	-	-	-	-	-	-	-
Gasoline And Distillate Growth	-	21.32%	30.67%	-	-	-	-	-	-	-
Other Refining and Marketing	315.04M	388.36M	1.23B	-	-	-	-	-	-	-
Other Refining and Marketing Growth	-	23.27%	217.39%	-	-	-	-	-	-	-
Asphalt and Residual Oil	536.5M	699.97M	1.16B	-	-	-	-	-	-	-
Asphalt and Residual Oil Growth	-	30.47%	66.06%	-	-	-	-	-	-	-
Chemicals	452.3M	554.39M	770.49M	-	-	-	-	-	-	-
Chemicals Growth	-	22.57%	38.98%	-	-	-	-	-	-	-
Lubricants	266.37M	260.36M	305.1M	-	-	-	-	-	-	-
Lubricants Growth	-	-2.26%	17.19%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

PBF Energy Inc. (PBF) reported $29.54B in revenue for fiscal year 2024. This represents a 97% increase from $14.96B in 2011.

PBF Energy Inc. (PBF) saw revenue decline by 13.6% over the past year.

PBF Energy Inc. (PBF) reported a net loss of $526.2M for fiscal year 2024.

Dividend & Returns

Yes, PBF Energy Inc. (PBF) pays a dividend with a yield of 3.30%. This makes it attractive for income-focused investors.

PBF Energy Inc. (PBF) has a return on equity (ROE) of -8.7%. Negative ROE indicates the company is unprofitable.

PBF Energy Inc. (PBF) had negative free cash flow of $1.29B in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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PBF Energy Inc. (PBF) 10-Year Financial Performance & Capital Metrics

PBF • • Industrial / General

EnergyOil Refining & MarketingTraditional Petroleum Refining & MarketingIndependent Refiners

Revenue $33.12B -13.6%
EBITDA -$56M -101.6%
Net Income -$534M -124.9%
EPS (Diluted) -4.60 -127.8%
Gross Margin -1.12% -118.0%
EBITDA Margin -0.17% -101.8%
Operating Margin -2.11% -127.4%
Net Margin -1.61% -128.9%
ROE -8.67% -123.7%
ROIC -7.31% -120.4%
Debt/Equity 0.41 +32.2%
Interest Coverage -5.67 -126.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.6%
✓Healthy dividend yield of 3.3%
✓Share count reduced 10.3% through buybacks
✓Trading at only 0.6x book value
✓Efficient asset utilization: 2.6x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Thin 5Y average net margin of 0.4%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.26%

5Y6.2%

3Y6.71%

TTM-15.35%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-79.65%

EPS CAGR

10Y-

5Y-

3Y-

TTM-79.39%

ROCE

10Y Avg11.21%

5Y Avg12.8%

3Y Avg25.26%

Latest-7.26%

Peer Comparison

Independent Refiners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CVICVR Energy, Inc.	2.44B	24.30	348.64	-17.7%	2.27%	15.95%	7.04%	2.18
PBFPBF Energy Inc.	3.61B	31.19	-6.78	-13.59%	-1.78%	-9.81%		0.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	13.12B	15.92B	21.79B	27.19B	24.51B	15.12B	27.25B	46.83B	38.32B	33.12B
Revenue Growth %	-0.34%	0.21%	0.37%	0.25%	-0.1%	-0.38%	0.8%	0.72%	-0.18%	-0.14%
Cost of Goods Sold+	12.57B	15.24B	20.83B	26.58B	23.6B	16.75B	26.37B	42.15B	35.93B	33.49B
COGS % of Revenue	0.96%	0.96%	0.96%	0.98%	0.96%	1.11%	0.97%	0.9%	0.94%	1.01%
Gross Profit+	550.06M	682.99M	960.6M	602.6M	913.1M	-1.63B	887.2M	4.68B	2.4B	-372.2M
Gross Margin %	0.04%	0.04%	0.04%	0.02%	0.04%	-0.11%	0.03%	0.1%	0.06%	-0.01%
Gross Profit Growth %	0.16%	0.24%	0.41%	-0.37%	0.52%	-2.78%	1.54%	4.27%	-0.49%	-1.16%
Operating Expenses+	189.95M	183.53M	229M	244.5M	264.1M	-212.9M	290M	525.4M	-552.9M	326.8M
OpEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	-0.01%	0.01%	0.01%	-0.01%	0.01%
Selling, General & Admin	181.27M	166.32M	214.5M	277M	284M	248.5M	247.3M	468.7M	362.5M	260.4M
SG&A % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	8.68M	17.21M	14.5M	-32.5M	-19.9M	-461.4M	42.7M	56.7M	-915.4M	66.4M
Operating Income+	360.11M	499.46M	731.6M	358.12M	649M	-1.42B	597.2M	4.15B	2.95B	-699M
Operating Margin %	0.03%	0.03%	0.03%	0.01%	0.03%	-0.09%	0.02%	0.09%	0.08%	-0.02%
Operating Income Growth %	1.44%	0.39%	0.46%	-0.51%	0.81%	-3.18%	1.42%	5.95%	-0.29%	-1.24%
EBITDA+	567.12M	732.41M	1.03B	736.72M	1.1B	-835.7M	1.08B	4.69B	3.54B	-56M
EBITDA Margin %	0.04%	0.05%	0.05%	0.03%	0.04%	-0.06%	0.04%	0.1%	0.09%	-0%
EBITDA Growth %	0.69%	0.29%	0.41%	-0.29%	0.49%	-1.76%	2.29%	3.34%	-0.24%	-1.02%
D&A (Non-Cash Add-back)	207M	232.95M	299.9M	378.6M	447.5M	581.1M	483.8M	533.9M	591.6M	643M
EBIT	388.44M	513.21M	953.4M	378.7M	639.1M	-1.07B	645.1M	3.82B	3.02B	-645.4M
Net Interest Income+	-106.19M	-150.04M	-154.4M	-169.9M	-159.6M	-258.2M	-317.5M	-246M	-63.8M	-72M
Interest Income	0	0	0	0	0	0	0	20.6M	75M	51.2M
Interest Expense	106.19M	150.04M	154.4M	169.9M	159.6M	258.2M	317.5M	266.6M	138.8M	123.2M
Other Income/Expense	-77.85M	-136.29M	67.42M	-149.32M	-169.5M	85.6M	-269.6M	-595.6M	-65.7M	-69.6M
Pretax Income+	282.26M	363.17M	799.01M	208.8M	479.5M	-1.33B	327.6M	3.56B	2.89B	-768.6M
Pretax Margin %	0.02%	0.02%	0.04%	0.01%	0.02%	-0.09%	0.01%	0.08%	0.08%	-0.02%
Income Tax+	86.72M	137.65M	315.58M	33.5M	104.3M	2.1M	12.1M	584.8M	723.8M	-228.4M
Effective Tax Rate %	0.52%	0.47%	0.52%	0.61%	0.67%	1.05%	0.71%	0.81%	0.74%	0.69%
Net Income+	146.4M	170.81M	415.6M	128.3M	319.4M	-1.39B	231M	2.88B	2.14B	-533.8M
Net Margin %	0.01%	0.01%	0.02%	0%	0.01%	-0.09%	0.01%	0.06%	0.06%	-0.02%
Net Income Growth %	4.83%	0.17%	1.43%	-0.69%	1.49%	-5.36%	1.17%	11.45%	-0.26%	-1.25%
Net Income (Continuing)	195.53M	225.52M	483.4M	175.3M	375.2M	-1.33B	315.5M	2.97B	2.16B	-540.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	448.56M	545.64M	566.29M	572.01M	545.9M	559.5M	606.6M	126.8M	143M	134.4M
EPS (Diluted)+	1.65	1.74	3.73	1.10	2.64	-11.64	1.90	22.84	16.52	-4.60
EPS Growth %	4.24%	0.05%	1.14%	-0.71%	1.4%	-5.41%	1.16%	11.02%	-0.28%	-1.28%
EPS (Basic)	1.66	1.74	3.78	1.11	2.66	-11.64	1.92	23.47	17.13	-4.59
Diluted Shares Outstanding	94.14M	103.61M	113.9M	118.77M	121.85M	120.66M	122.64M	126.86M	130.51M	117.11M
Basic Shares Outstanding	88.11M	98.33M	109.78M	115.19M	119.89M	119.62M	120.24M	122.6M	124.95M	116.25M
Dividend Payout Ratio	1.02%	1.01%	0.44%	1.48%	0.45%	-	0.17%	0.01%	0.05%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.02B	3.41B	3.8B	3.24B	3.82B	3.87B	5.2B	6.55B	6.6B	4.54B
Cash & Short-Term Investments	944.32M	786.3M	573.02M	597.29M	814.9M	1.61B	1.34B	2.2B	1.78B	536.1M
Cash Only	944.32M	746.27M	573.02M	597.3M	814.9M	1.61B	1.34B	2.2B	1.78B	536.1M
Short-Term Investments	0	40.02M	0	-14K	0	0	0	0	0	0
Accounts Receivable	454.76M	620.17M	952.55M	718.21M	835M	512.9M	1.28B	1.46B	1.36B	1.17B
Days Sales Outstanding	12.65	14.22	15.96	9.64	12.44	12.38	17.11	11.35	12.98	12.84
Inventory	1.17B	1.86B	2.21B	1.87B	2.12B	1.69B	2.51B	2.76B	3.18B	2.6B
Days Inventory Outstanding	34.09	44.64	38.8	25.62	32.83	36.75	34.68	23.93	32.34	28.29
Other Current Assets	371.19M	137.22M	63.59M	-24K	0	58.8M	75M	122.8M	267.5M	247.5M
Total Non-Current Assets+	3.08B	4.21B	4.32B	4.77B	5.31B	6.63B	6.44B	7B	7.79B	8.16B
Property, Plant & Equipment	2.36B	3.33B	3.48B	3.82B	4.35B	5.76B	5.62B	6.04B	5.77B	5.91B
Fixed Asset Turnover	5.57x	4.78x	6.26x	7.12x	5.63x	2.62x	4.85x	7.75x	6.65x	5.60x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	219K	577K	537K	25.65M	24.3M	10.1M	9.6M	236.2M	8.6M	226.6M
Long-Term Investments	234.26M	0	0	-57K	0	0	0	0	881M	866.8M
Other Non-Current Assets	290.49M	506.02M	781.65M	873.44M	930.6M	862.1M	813.3M	726.5M	1.13B	1.15B
Total Assets+	6.11B	7.62B	8.12B	8.01B	9.13B	10.5B	11.64B	13.55B	14.39B	12.7B
Asset Turnover	2.15x	2.09x	2.68x	3.40x	2.68x	1.44x	2.34x	3.46x	2.66x	2.61x
Asset Growth %	0.17%	0.25%	0.07%	-0.01%	0.14%	0.15%	0.11%	0.16%	0.06%	-0.12%
Total Current Liabilities+	1.5B	2.06B	2.42B	2.13B	2.51B	2.45B	3.76B	5.2B	4.22B	3.63B
Accounts Payable	315.65M	535.91M	578.55M	488.43M	601.4M	407M	911.7M	854.6M	959M	735.6M
Days Payables Outstanding	9.16	12.84	10.14	6.71	9.3	8.87	12.62	7.4	9.74	8.02
Short-Term Debt	0	39.66M	16.61M	2.38M	0	7.4M	0	524.2M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	335.87M	330.83M	1.75B	35.54M	12.8M	785M	2.67B	3.52B	2.86B	285.8M
Current Ratio	2.02x	1.66x	1.57x	1.52x	1.52x	1.58x	1.38x	1.26x	1.56x	1.25x
Quick Ratio	1.24x	0.75x	0.66x	0.64x	0.68x	0.89x	0.72x	0.73x	0.81x	0.54x
Cash Conversion Cycle	37.57	46.02	44.62	28.55	35.96	40.27	39.17	27.88	35.57	33.11
Total Non-Current Liabilities+	2.51B	2.99B	2.8B	2.62B	3.04B	5.85B	5.35B	3.29B	3.54B	3.4B
Long-Term Debt	1.81B	2.11B	2.18B	1.93B	2.02B	4.55B	4.24B	1.43B	1.25B	1.46B
Capital Lease Obligations	31.8M	0	48.06M	0	299.1M	926.8M	699.4M	610.6M	654.9M	657.6M
Deferred Tax Liabilities	0	45.7M	33.16M	40.37M	96.9M	99.6M	111.4M	535.4M	1.07B	836M
Other Non-Current Liabilities	673.41M	840.43M	539.84M	650.72M	624.4M	268.5M	300.7M	711.5M	565.1M	447.6M
Total Liabilities	4.01B	5.05B	5.22B	4.76B	5.55B	8.3B	9.11B	8.49B	7.76B	7.02B
Total Debt+	1.84B	2.15B	2.19B	1.93B	2.4B	5.58B	5.01B	2.64B	2.04B	2.31B
Net Debt	896.03M	1.4B	1.62B	1.34B	1.58B	3.97B	3.67B	438.3M	260.7M	1.78B
Debt / Equity	0.88x	0.84x	0.75x	0.60x	0.67x	2.53x	1.98x	0.52x	0.31x	0.41x
Debt / EBITDA	3.25x	2.93x	2.12x	2.62x	2.18x	-	4.64x	0.56x	0.58x	-
Net Debt / EBITDA	1.58x	1.91x	1.57x	1.82x	1.44x	-	3.40x	0.09x	0.07x	-
Interest Coverage	3.39x	3.33x	4.74x	2.11x	4.07x	-5.49x	1.88x	15.58x	21.26x	-5.67x
Total Equity+	2.1B	2.57B	2.9B	3.25B	3.59B	2.2B	2.53B	5.06B	6.63B	5.68B
Equity Growth %	0.24%	0.23%	0.13%	0.12%	0.1%	-0.39%	0.15%	1%	0.31%	-0.14%
Book Value per Share	22.26	24.81	25.49	27.35	29.42	18.25	20.65	39.85	50.81	48.49
Total Shareholders' Equity	1.65B	2.03B	2.34B	2.68B	3.04B	1.64B	1.93B	4.93B	6.49B	5.54B
Common Stock	93K	94K	95K	105K	100K	100K	100K	100K	100K	100K
Retained Earnings	-83.45M	-44.85M	236.79M	225.84M	401.2M	-1.03B	-796.1M	2.06B	4.09B	3.44B
Treasury Stock	-150.8M	-151.55M	-152.59M	-160.8M	-165.7M	-167.3M	-169.1M	-327M	-868.2M	-1.22B
Accumulated OCI	-23.29M	-24.44M	-25.38M	-22.4M	-8.3M	-9.1M	17.3M	-1.5M	-12.3M	-8M
Minority Interest	448.56M	545.64M	566.29M	572.01M	545.9M	559.5M	606.6M	126.8M	143M	134.4M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	560.42M	651.93M	685.86M	838M	933.5M	-631.6M	477.3M	4.77B	1.34B	43.4M
Operating CF Margin %	0.04%	0.04%	0.03%	0.03%	0.04%	-0.04%	0.02%	0.1%	0.03%	0%
Operating CF Growth %	0.23%	0.16%	0.05%	0.22%	0.11%	-1.68%	1.76%	9%	-0.72%	-0.97%
Net Income	195.53M	225.52M	483.4M	175.29M	375.2M	-1.33B	315.5M	2.97B	2.14B	-540.2M
Depreciation & Amortization	207M	232.95M	299.86M	378.6M	447.5M	581.1M	483.8M	533.9M	591.6M	643M
Stock-Based Compensation	13.5M	22.66M	26.8M	25.97M	37.3M	34.2M	35.6M	54.3M	51.5M	44.3M
Deferred Taxes	-23.76M	231.85M	62.91M	18.8M	103.7M	-371.9M	60M	710.5M	537M	-239.2M
Other Non-Cash Items	506.41M	-443.96M	-210.11M	318.3M	-201M	-127.6M	-686.2M	159.5M	-854.9M	60.3M
Working Capital Changes	-338.26M	382.92M	23M	-78.95M	170.8M	585.9M	268.6M	341M	-1.13B	75.2M
Change in Receivables	97.64M	-165.42M	-332.38M	234.34M	-116.1M	322.1M	-764.7M	-178.8M	93.8M	197.5M
Change in Inventory	63.39M	236.6M	-54.7M	-3.31M	-6.3M	392.2M	-149.3M	-258.5M	-409M	587.9M
Change in Payables	-24.29M	217.57M	34.6M	-111.67M	137.5M	-206.6M	480.7M	-95.7M	124.7M	-196.7M
Cash from Investing+	-812.11M	-1.39B	-687.01M	-685.6M	-712.6M	-1.03B	-388.5M	-1.01B	-338.6M	-1.04B
Capital Expenditures	-353.96M	-298.74M	-306.68M	-317.46M	-404.9M	-196.2M	-249.1M	-633.3M	-659.6M	0
CapEx % of Revenue	0.03%	0.02%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	106.46M	-339.54M	-410.25M	-283.08M	-307.7M	345.9M	-139.4M	-377.6M	-509.6M	-1.04B
Cash from Financing+	798.14M	543.96M	-172M	-128.1M	-3.3M	2.45B	-356.8M	-2.9B	-1.42B	-250.7M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-148.8M	-172.24M	-133.49M	-138.9M	-143.5M	-35.9M	-39.7M	-24.7M	-105.8M	-120.6M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-17.83M	0	-43.81M	-58.01M	29.9M	-40.3M	-45.1M	-317.1M	-69.9M	11.2M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	206.46M	353.2M	379.18M	520.5M	528.6M	-827.8M	228.2M	4.14B	678.9M	-347.5M
FCF Margin %	0.02%	0.02%	0.02%	0.02%	0.02%	-0.05%	0.01%	0.09%	0.02%	-0.01%
FCF Growth %	11.29%	0.71%	0.07%	0.37%	0.02%	-2.57%	1.28%	17.14%	-0.84%	-1.51%
FCF per Share	2.19	3.41	3.33	4.38	4.34	-6.86	1.86	32.62	5.20	-2.97
FCF Conversion (FCF/Net Income)	3.83x	3.82x	1.65x	6.53x	2.92x	0.45x	2.07x	1.66x	0.63x	-0.08x
Interest Paid	96.86M	137.6M	0	164.4M	154M	206.9M	307M	249.7M	103.6M	93.1M
Taxes Paid	124.04M	3.84M	0	700K	2.7M	2.1M	5.7M	148.9M	299M	17.7M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.73%	7.32%	15.19%	4.17%	9.35%	-48.12%	9.76%	75.82%	36.63%	-8.67%
Return on Invested Capital (ROIC)	9.79%	10.76%	12.92%	5.9%	9.98%	-18.75%	7.24%	53.25%	35.74%	-7.31%
Gross Margin	4.19%	4.29%	4.41%	2.22%	3.73%	-10.78%	3.26%	9.99%	6.26%	-1.12%
Net Margin	1.12%	1.07%	1.91%	0.47%	1.3%	-9.21%	0.85%	6.14%	5.59%	-1.61%
Debt / Equity	0.88x	0.84x	0.75x	0.60x	0.67x	2.53x	1.98x	0.52x	0.31x	0.41x
Interest Coverage	3.39x	3.33x	4.74x	2.11x	4.07x	-5.49x	1.88x	15.58x	21.26x	-5.67x
FCF Conversion	3.83x	3.82x	1.65x	6.53x	2.92x	0.45x	2.07x	1.66x	0.63x	-0.08x
Revenue Growth	-33.81%	21.31%	36.85%	24.78%	-9.85%	-38.32%	80.3%	71.83%	-18.16%	-13.59%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Prior to elimination	-	-	-	-	-	-	-	-	38.67B	33.46B
Prior to elimination Growth	-	-	-	-	-	-	-	-	-	-13.47%
Refining Group	-	-	-	27.16B	24.47B	15.04B	27.2B	46.78B	38.29B	33.08B
Refining Group Growth	-	-	-	-	-9.92%	-38.51%	80.80%	71.97%	-18.15%	-13.61%
Logistics Group	-	-	-	283.44M	340.2M	360.3M	355.5M	369.3M	384.1M	386.8M
Logistics Group Growth	-	-	-	-	20.03%	5.91%	-1.33%	3.88%	4.01%	0.70%
Corporate	-	-	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
PBF Logistics LP	-	-	-	283.44M	340.2M	-	-	-	-	-
PBF Logistics LP Growth	-	-	-	-	20.03%	-	-	-	-	-
Intersegment Eliminations	-	-	-	-259.43M	-300.9M	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-	-15.99%	-	-	-	-	-
Gasoline And Distillate	11.55B	14.02B	18.32B	-	-	-	-	-	-	-
Gasoline And Distillate Growth	-	21.32%	30.67%	-	-	-	-	-	-	-
Other Refining and Marketing	315.04M	388.36M	1.23B	-	-	-	-	-	-	-
Other Refining and Marketing Growth	-	23.27%	217.39%	-	-	-	-	-	-	-
Asphalt and Residual Oil	536.5M	699.97M	1.16B	-	-	-	-	-	-	-
Asphalt and Residual Oil Growth	-	30.47%	66.06%	-	-	-	-	-	-	-
Chemicals	452.3M	554.39M	770.49M	-	-	-	-	-	-	-
Chemicals Growth	-	22.57%	38.98%	-	-	-	-	-	-	-
Lubricants	266.37M	260.36M	305.1M	-	-	-	-	-	-	-
Lubricants Growth	-	-2.26%	17.19%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

PBF Energy Inc. (PBF) reported $29.54B in revenue for fiscal year 2024. This represents a 97% increase from $14.96B in 2011.

PBF Energy Inc. (PBF) saw revenue decline by 13.6% over the past year.

PBF Energy Inc. (PBF) reported a net loss of $526.2M for fiscal year 2024.

Dividend & Returns

Yes, PBF Energy Inc. (PBF) pays a dividend with a yield of 3.30%. This makes it attractive for income-focused investors.

PBF Energy Inc. (PBF) has a return on equity (ROE) of -8.7%. Negative ROE indicates the company is unprofitable.

PBF Energy Inc. (PBF) had negative free cash flow of $1.29B in fiscal year 2024, likely due to heavy capital investments.