Ecopetrol S.A. (EC) 10-Year Financial Performance & Capital Metrics

EC •

EnergyIntegrated Oil & GasGlobal and national integrated oil companies

AboutEcopetrol S.A. operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services. As of December 31, 2021, the company had approximately 9,127 kilometers of crude oil and multi-purpose pipelines. It also produces and commercializes polypropylene resins and compounds, and masterbatches; and offers industrial service sales to customers and specialized management services. It has operations in Colombia, the United States, Asia, Central America and the Caribbean, Europe, South America, and internationally. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is based in Bogotá, Colombia.Show more

Revenue $133330.43B -6.9%
EBITDA $53660.28B -3.4%
Net Income $13841.15B -34.3%
EPS (Diluted) 6732.00 -27.4%
Gross Margin 35.14% -8.5%
EBITDA Margin 40.25% +3.7%
Operating Margin 28.85% -1.1%
Net Margin 10.38% -29.4%
ROE 12.99% -31.5%
ROIC 13.99% -7.2%
Debt/Equity 1.09 +6.3%
Interest Coverage 4.53 -17.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.7%
✓FCF machine: 24.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.3%
✓Healthy 5Y average net margin of 13.0%
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.29%

5Y13.28%

3Y13.21%

TTM-5.75%

Profit (Net Income) CAGR

10Y10.62%

5Y0.14%

3Y-4.01%

TTM-28.73%

EPS CAGR

10Y6.3%

5Y-0.97%

3Y-6.06%

TTM-25.32%

ROCE

10Y Avg14.97%

5Y Avg16.54%

3Y Avg19.52%

Latest15.37%

Peer Comparison

Global and national integrated oil companies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
XOMExxon Mobil Corporation	637.69B	152.60	22.78	-4.52%	8.91%	10.82%	3.7%	0.16
CVXChevron Corporation	369.76B	186.75	19.21	-1.78%	6.62%	6.6%	4.07%	0.16
PBR-APetróleo Brasileiro S.A. - Petrobras	41.94B	15.40	14.67	-13.38%	16.15%	17.47%	55.65%	1.02
YPFYPF Sociedad Anónima	13.89B	35.39	7.99	265.66%	-3.65%	-3.63%	0%	0.82
PBRPetróleo Brasileiro S.A. - Petrobras	61.88B	16.63	7.11	-13.38%	16.15%	17.47%	37.72%	1.02
ECEcopetrol S.A.	24.44B	11.89	6.65	-6.89%	8.2%	9.63%	35.37%	1.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	52.35T	48.49T	55.95T	68.6T	71.49T	50.22T	91.88T	159.61T	143.19T	133.33T
Revenue Growth %	-20.65%	-7.38%	15.4%	22.61%	4.2%	-29.75%	82.95%	73.71%	-10.29%	-6.89%
Cost of Goods Sold+	36.99T	34.25T	36.91T	41.18T	44.97T	37.57T	55.58T	89.46T	88.18T	86.48T
COGS % of Revenue	70.67%	70.64%	65.96%	60.03%	62.91%	74.8%	60.49%	56.05%	61.58%	64.86%
Gross Profit+	15.35T	14.23T	19.05T	27.42T	26.52T	12.66T	36.3T	70.15T	55.01T	46.85T
Gross Margin %	29.33%	29.36%	34.04%	39.97%	37.09%	25.2%	39.51%	43.95%	38.42%	35.14%
Gross Profit Growth %	-33.24%	-7.29%	33.8%	43.97%	-3.29%	-52.27%	186.82%	93.26%	-21.58%	-14.84%
Operating Expenses+	13.22T	5.33T	2.87T	4.96T	5.49T	5.47T	6.6T	9.92T	13.25T	8.39T
OpEx % of Revenue	25.26%	10.99%	5.14%	7.23%	7.68%	10.9%	7.19%	6.22%	9.26%	6.29%
Selling, General & Admin	2.07T	2.06T	2.13T	2.36T	2.86T	4.05T	3.9T	5.39T	6.48T	6.72T
SG&A % of Revenue	3.96%	4.25%	3.81%	3.44%	4%	8.06%	4.25%	3.38%	4.53%	5.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	11.15T	3.27T	743.68B	2.6T	2.63T	1.42T	2.7T	4.53T	6.77T	1.66T
Operating Income+	2.13T	8.9T	16.17T	22.46T	21.03T	7.18T	29.7T	60.23T	41.76T	38.46T
Operating Margin %	4.07%	18.37%	28.9%	32.74%	29.41%	14.3%	32.32%	37.74%	29.16%	28.85%
Operating Income Growth %	-85.25%	317.83%	81.61%	38.87%	-6.37%	-65.85%	313.52%	102.81%	-30.67%	-7.89%
EBITDA+	8.9T	16.51T	24.45T	30.16T	29.61T	16.51T	39.86T	72.36T	55.57T	53.66T
EBITDA Margin %	17%	34.05%	43.7%	43.97%	41.42%	32.87%	43.38%	45.33%	38.81%	40.25%
EBITDA Growth %	-57.34%	85.49%	48.1%	23.35%	-1.83%	-44.25%	141.47%	81.54%	-23.2%	-3.44%
D&A (Non-Cash Add-back)	6.77T	7.61T	8.28T	7.7T	8.58T	9.32T	10.16T	12.13T	13.81T	15.2T
EBIT	-3.18T	11.14T	16.91T	23.68T	22.38T	8.03T	30.56T	61.68T	46.02T	40.55T
Net Interest Income+	-2.48T	-2.41T	-2.04T	-2.3T	-1.44T	-2.12T	-3.25T	-5.34T	-5.53T	-6.64T
Interest Income	338.54B	379.9B	409.27B	423.89B	474.83B	277.72B	404.2B	1.25T	2.05T	1.84T
Interest Expense	2.82T	2.79T	2.45T	2.72T	1.91T	2.4T	3.65T	6.59T	7.58T	8.48T
Other Income/Expense	-7.71T	-1.11T	-2.4T	-1.84T	-1.3T	-2.41T	-3.27T	-6.07T	-4.86T	-7.76T
Pretax Income+	-5.58T	7.79T	13.77T	20.61T	19.72T	4.78T	26.43T	54.16T	36.9T	30.71T
Pretax Margin %	-10.66%	16.07%	24.61%	30.05%	27.59%	9.51%	28.76%	33.93%	25.77%	23.03%
Income Tax+	710.35B	4.54T	5.8T	8.26T	4.72T	2.04T	8.8T	18.96T	11.52T	12.21T
Effective Tax Rate %	128.95%	31.42%	52.13%	55.21%	69.68%	33.22%	59.22%	58.35%	57.08%	45.07%
Net Income+	-7.19T	2.45T	7.18T	11.38T	13.74T	1.59T	15.65T	31.6T	21.06T	13.84T
Net Margin %	-13.74%	5.05%	12.83%	16.59%	19.23%	3.16%	17.03%	19.8%	14.71%	10.38%
Net Income Growth %	-242.55%	134.03%	193.26%	58.55%	20.76%	-88.46%	886.28%	101.96%	-33.36%	-34.28%
Net Income (Continuing)	-6.29T	3.25T	7.97T	12.36T	15.01T	2.74T	17.63T	35.2T	25.38T	18.5T
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.88T	1.53T	1.78T	2.09T	3.82T	3.6T	22.09T	28.05T	24.71T	26.28T
EPS (Diluted)+	-1939.71	761.25	3220.10	5744.63	7067.20	821.08	8120.79	16249.00	9272.15	6732.00
EPS Growth %	-153.1%	139.25%	323%	78.4%	23.02%	-88.38%	889.04%	100.09%	-42.94%	-27.4%
EPS (Basic)	-1939.71	761.25	3220.10	5744.63	7067.20	821.08	8120.79	16249.00	9272.15	6732.00
Diluted Shares Outstanding	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B
Basic Shares Outstanding	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B
Dividend Payout Ratio	-	68.84%	21.15%	42.99%	99.46%	510.88%	19.1%	46.21%	24.48%	121.46%

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+	20.11T	24.13T	23.22T	27.03T	23.36T	22.83T	51.7T	77.28T	68.62T	60.64T
Cash & Short-Term Investments	7.79T	13.78T	10.91T	11.63T	8.7T	7.28T	16.18T	16.56T	14.2T	14.91T
Cash Only	6.55T	8.41T	7.95T	6.31T	7.08T	5.08T	14.55T	15.4T	12.34T	14.05T
Short-Term Investments	1.24T	5.37T	2.97T	5.32T	1.62T	2.19T	1.63T	1.16T	1.86T	851.54B
Accounts Receivable	3.11T	3.91T	5.89T	7.92T	5.11T	4.4T	17.38T	38.01T	31.88T	19.26T
Days Sales Outstanding	21.71	29.42	38.43	42.16	26.07	31.97	69.03	86.92	81.25	52.73
Inventory	3.06T	3.84T	4.6T	5.1T	5.66T	5.05T	8.4T	11.88T	10.2T	10.03T
Days Inventory Outstanding	30.17	40.94	45.5	45.2	45.92	49.1	55.15	48.47	42.23	42.32
Other Current Assets	5.92T	2.46T	1.7T	2.15T	3.63T	5.73T	9.19T	10.13T	11.55T	14.85T
Total Non-Current Assets+	103.47T	94.83T	94.62T	99.21T	110.53T	114.86T	190.73T	229.09T	213.67T	240.7T
Property, Plant & Equipment	89.15T	84.67T	82.71T	85.85T	93.74T	98.82T	126.48T	143.95T	141.23T	156.1T
Fixed Asset Turnover	0.59x	0.57x	0.68x	0.80x	0.76x	0.51x	0.73x	1.11x	1.01x	0.85x
Goodwill	1.16T	1.16T	1.16T	919.45B	1.16T	1.59T	4.69T	5.11T	4.61T	4.91T
Intangible Assets	388.05B	272.13B	380.23B	410.75B	483.1B	555.04B	15.51T	18.15T	14.71T	16.41T
Long-Term Investments	3.19T	2.92T	4.9T	4.67T	6.6T	4.05T	9.66T	11.06T	8.79T	13.04T
Other Non-Current Assets	9.59T	5.8T	5.47T	7.36T	8.54T	9.84T	34.39T	50.83T	44.32T	50.24T
Total Assets+	123.59T	118.96T	117.85T	126.24T	133.89T	137.69T	242.43T	306.37T	282.28T	301.35T
Asset Turnover	0.42x	0.41x	0.47x	0.54x	0.53x	0.36x	0.38x	0.52x	0.51x	0.44x
Asset Growth %	11.42%	-3.75%	-0.93%	7.12%	6.06%	2.84%	76.06%	26.38%	-7.86%	6.75%
Total Current Liabilities+	17.44T	16.39T	16.85T	17.82T	21.74T	18.28T	30.25T	56.78T	43.56T	39.64T
Accounts Payable	7.76T	6.85T	6.97T	6.99T	10.69T	6.56T	10.54T	15.1T	13.77T	15.14T
Days Payables Outstanding	76.54	73.04	68.91	61.99	86.75	63.78	69.19	61.62	57	63.89
Short-Term Debt	4.57T	4.13T	5.14T	4.02T	4.78T	4.7T	8.92T	21.92T	15.21T	10.94T
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	3.04T	3.43T	2.9T	4.78T	3.32T	4.53T	7.92T	16.4T	10.91T	9.56T
Current Ratio	1.15x	1.47x	1.38x	1.52x	1.07x	1.25x	1.71x	1.36x	1.58x	1.53x
Quick Ratio	0.98x	1.24x	1.11x	1.23x	0.81x	0.97x	1.43x	1.15x	1.34x	1.28x
Cash Conversion Cycle	-24.66	-2.68	15.02	25.37	-14.76	17.29	54.99	73.77	66.49	31.16
Total Non-Current Liabilities+	63.04T	59.01T	52.79T	49.11T	53.92T	65.91T	121.59T	130.5T	135.62T	151.73T
Long-Term Debt	48.65T	48.1T	38.4T	33.24T	32.17T	40.98T	84.98T	92T	89.23T	107.52T
Capital Lease Obligations	0	0	0	797.89B	1.05T	827.72B	876.58B	935.33B	1.04T	1.16T
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	14.39T	10.92T	14.38T	15.07T	20.69T	24.1T	35.74T	37.56T	45.35T	43.06T
Total Liabilities	80.49T	75.4T	69.63T	66.94T	75.66T	84.19T	151.84T	187.28T	179.18T	191.37T
Total Debt+	53.22T	52.22T	43.55T	38.06T	38.24T	46.73T	95.06T	115.13T	105.82T	119.97T
Net Debt	46.67T	43.81T	35.6T	31.75T	31.16T	41.65T	80.51T	99.73T	93.48T	105.91T
Debt / Equity	1.23x	1.20x	0.90x	0.64x	0.66x	0.87x	1.05x	0.97x	1.03x	1.09x
Debt / EBITDA	5.98x	3.16x	1.78x	1.26x	1.29x	2.83x	2.39x	1.59x	1.90x	2.24x
Net Debt / EBITDA	5.24x	2.65x	1.46x	1.05x	1.05x	2.52x	2.02x	1.38x	1.68x	1.97x
Interest Coverage	0.76x	3.19x	6.59x	8.26x	11.01x	3.00x	8.13x	9.14x	5.51x	4.53x
Total Equity+	43.1T	43.56T	48.22T	59.3T	58.23T	53.5T	90.58T	119.09T	103.1T	109.98T
Equity Growth %	-11.19%	1.07%	10.69%	23%	-1.81%	-8.13%	69.32%	31.47%	-13.43%	6.67%
Book Value per Share	20965.19	21188.72	23453.10	28846.89	28325.05	26023.18	44061.80	57926.37	50149.36	53494.57
Total Shareholders' Equity	41.23T	42.03T	46.43T	57.21T	54.41T	49.9T	68.49T	91.03T	78.39T	83.7T
Common Stock	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T
Retained Earnings	-1.27T	1.16T	7.39T	17.78T	16.12T	10.31T	25.48T	43.84T	38.52T	40.52T
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	10.85T	9.22T	7.4T	7.78T	6.65T	7.95T	11.36T	15.55T	8.22T	11.52T
Minority Interest	1.88T	1.53T	1.78T	2.09T	3.82T	3.6T	22.09T	28.05T	24.71T	26.28T

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+	10.55T	12.36T	15.09T	22.4T	26.24T	6.77T	21.22T	36.28T	14.42T	42.83T
Operating CF Margin %	20.16%	25.5%	26.97%	32.65%	36.7%	13.48%	23.1%	22.73%	10.07%	32.12%
Operating CF Growth %	-40.21%	17.17%	22.05%	48.47%	17.12%	-74.19%	213.33%	70.96%	-60.25%	196.96%
Net Income	-4.6T	1.54T	6.68T	12.77T	13.06T	1.57T	16.88T	36.53T	17.64T	16.13T
Depreciation & Amortization	7.81T	7.81T	9.63T	9.7T	9.01T	8.88T	11.27T	13.63T	13.22T	17.1T
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	135.97B	310.26B	-169.42B	-2.45T	-748.98B	2.06T	198.31B	554.41B	2.29T
Other Non-Cash Items	11.23T	3.08T	1.15T	3.46T	5.85T	-724.67B	4.68T	20.35T	9.52T	4.43T
Working Capital Changes	-3.89T	-201.69B	-2.68T	-3.35T	772.53B	-2.2T	-13.67T	-34.43T	-26.51T	2.88T
Change in Receivables	866.26B	-1.18T	-2.21T	-2.15T	2.35T	629.55B	-10.2T	-31.13T	-20.51T	9.78T
Change in Inventory	-211.34B	-213.76B	-326.58B	-495.17B	-589.06B	664.57B	-3.21T	-3.1T	747.75B	575.19B
Change in Payables	-2.54T	-609.34B	21.61B	1.5T	1.37T	-2.37T	3.36T	4.03T	473.14B	-1.38T
Cash from Investing+	-14.14T	-10.05T	-5.11T	-10.09T	-10.55T	-8.34T	-22.64T	-22.45T	-20.71T	-26.01T
Capital Expenditures	-16.44T	-5.75T	-6.02T	-9.35T	-13.78T	-10.32T	-14.34T	-23.92T	-22.29T	-22.6T
CapEx % of Revenue	31.4%	11.85%	10.76%	13.63%	19.28%	20.54%	15.61%	14.99%	15.57%	16.95%
Acquisitions	922.3B	0	430.26B	187.09B	152.58B	22.01B	-9.65T	0	0	-1.12T
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	108.16B	0	0	0	0	19.4B	408.55B	674.53B	383.57B
Cash from Financing+	679.3B	-263.34B	-10.16T	-14.56T	-15.19T	-262.99B	11.1T	-14.7T	5.76T	-16.37T
Debt Issued (Net)	7.02T	1.42T	448.89B	572.09B	-1.52T	8.17T	14.45T	475.14B	11.45T	1.08T
Equity Issued (Net)	0	0	-1000K	-1000K	0	0	0	-1000K	-1000K	-1000K
Dividends Paid	-6.34T	-1.69T	-1.52T	-4.89T	-13.67T	-8.11T	-2.99T	-14.61T	-5.15T	-16.81T
Share Repurchases	0	0	-9.09T	-10.24T	0	0	0	-92.75B	-41.42B	-33.12B
Other Financing	3.46M	0	0	0	0	-325.32B	-362.44B	-475.16B	-493.77B	-607.52B
Net Change in Cash	-3.62T	2.22T	-345.49B	-2.35T	619.69B	-2.3T	8.45T	-1.86T	32.53B	25.74B
Free Cash Flow+	-5.76T	8.77T	9.25T	13.17T	22.28T	2.1T	14.62T	26.69T	5.77T	32.54T
FCF Margin %	-11%	18.09%	16.52%	19.2%	31.17%	4.19%	15.91%	16.72%	4.03%	24.41%
FCF Growth %	-323.5%	252.39%	5.39%	42.44%	69.18%	-90.57%	595.56%	82.55%	-78.38%	463.97%
FCF per Share	-2800.50	4267.58	4497.63	6406.58	10838.63	1022.57	7112.61	12983.91	2806.93	15830.28
FCF Conversion (FCF/Net Income)	-1.47x	5.05x	2.10x	1.97x	1.91x	4.27x	1.36x	1.15x	0.68x	3.09x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-15.7%	5.65%	15.64%	21.17%	23.39%	2.84%	21.72%	30.15%	18.96%	12.99%
Return on Invested Capital (ROIC)	1.93%	7.54%	14.17%	19.26%	17.48%	5.84%	16.73%	23.17%	15.08%	13.99%
Gross Margin	29.33%	29.36%	34.04%	39.97%	37.09%	25.2%	39.51%	43.95%	38.42%	35.14%
Net Margin	-13.74%	5.05%	12.83%	16.59%	19.23%	3.16%	17.03%	19.8%	14.71%	10.38%
Debt / Equity	1.23x	1.20x	0.90x	0.64x	0.66x	0.87x	1.05x	0.97x	1.03x	1.09x
Interest Coverage	0.76x	3.19x	6.59x	8.26x	11.01x	3.00x	8.13x	9.14x	5.51x	4.53x
FCF Conversion	-1.47x	5.05x	2.10x	1.97x	1.91x	4.27x	1.36x	1.15x	0.68x	3.09x
Revenue Growth	-20.65%	-7.38%	15.4%	22.61%	4.2%	-29.75%	82.95%	73.71%	-10.29%	-6.89%

US Stock Screener

...

Ecopetrol S.A. (EC) 10-Year Financial Performance & Capital Metrics

EC •

EnergyIntegrated Oil & GasGlobal and national integrated oil companies

Revenue $133330.43B -6.9%
EBITDA $53660.28B -3.4%
Net Income $13841.15B -34.3%
EPS (Diluted) 6732.00 -27.4%
Gross Margin 35.14% -8.5%
EBITDA Margin 40.25% +3.7%
Operating Margin 28.85% -1.1%
Net Margin 10.38% -29.4%
ROE 12.99% -31.5%
ROIC 13.99% -7.2%
Debt/Equity 1.09 +6.3%
Interest Coverage 4.53 -17.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.7%
✓FCF machine: 24.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.3%
✓Healthy 5Y average net margin of 13.0%
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.29%

5Y13.28%

3Y13.21%

TTM-5.75%

Profit (Net Income) CAGR

10Y10.62%

5Y0.14%

3Y-4.01%

TTM-28.73%

EPS CAGR

10Y6.3%

5Y-0.97%

3Y-6.06%

TTM-25.32%

ROCE

10Y Avg14.97%

5Y Avg16.54%

3Y Avg19.52%

Latest15.37%

Peer Comparison

Global and national integrated oil companies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
XOMExxon Mobil Corporation	637.69B	152.60	22.78	-4.52%	8.91%	10.82%	3.7%	0.16
CVXChevron Corporation	369.76B	186.75	19.21	-1.78%	6.62%	6.6%	4.07%	0.16
PBR-APetróleo Brasileiro S.A. - Petrobras	41.94B	15.40	14.67	-13.38%	16.15%	17.47%	55.65%	1.02
YPFYPF Sociedad Anónima	13.89B	35.39	7.99	265.66%	-3.65%	-3.63%	0%	0.82
PBRPetróleo Brasileiro S.A. - Petrobras	61.88B	16.63	7.11	-13.38%	16.15%	17.47%	37.72%	1.02
ECEcopetrol S.A.	24.44B	11.89	6.65	-6.89%	8.2%	9.63%	35.37%	1.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	52.35T	48.49T	55.95T	68.6T	71.49T	50.22T	91.88T	159.61T	143.19T	133.33T
Revenue Growth %	-20.65%	-7.38%	15.4%	22.61%	4.2%	-29.75%	82.95%	73.71%	-10.29%	-6.89%
Cost of Goods Sold+	36.99T	34.25T	36.91T	41.18T	44.97T	37.57T	55.58T	89.46T	88.18T	86.48T
COGS % of Revenue	70.67%	70.64%	65.96%	60.03%	62.91%	74.8%	60.49%	56.05%	61.58%	64.86%
Gross Profit+	15.35T	14.23T	19.05T	27.42T	26.52T	12.66T	36.3T	70.15T	55.01T	46.85T
Gross Margin %	29.33%	29.36%	34.04%	39.97%	37.09%	25.2%	39.51%	43.95%	38.42%	35.14%
Gross Profit Growth %	-33.24%	-7.29%	33.8%	43.97%	-3.29%	-52.27%	186.82%	93.26%	-21.58%	-14.84%
Operating Expenses+	13.22T	5.33T	2.87T	4.96T	5.49T	5.47T	6.6T	9.92T	13.25T	8.39T
OpEx % of Revenue	25.26%	10.99%	5.14%	7.23%	7.68%	10.9%	7.19%	6.22%	9.26%	6.29%
Selling, General & Admin	2.07T	2.06T	2.13T	2.36T	2.86T	4.05T	3.9T	5.39T	6.48T	6.72T
SG&A % of Revenue	3.96%	4.25%	3.81%	3.44%	4%	8.06%	4.25%	3.38%	4.53%	5.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	11.15T	3.27T	743.68B	2.6T	2.63T	1.42T	2.7T	4.53T	6.77T	1.66T
Operating Income+	2.13T	8.9T	16.17T	22.46T	21.03T	7.18T	29.7T	60.23T	41.76T	38.46T
Operating Margin %	4.07%	18.37%	28.9%	32.74%	29.41%	14.3%	32.32%	37.74%	29.16%	28.85%
Operating Income Growth %	-85.25%	317.83%	81.61%	38.87%	-6.37%	-65.85%	313.52%	102.81%	-30.67%	-7.89%
EBITDA+	8.9T	16.51T	24.45T	30.16T	29.61T	16.51T	39.86T	72.36T	55.57T	53.66T
EBITDA Margin %	17%	34.05%	43.7%	43.97%	41.42%	32.87%	43.38%	45.33%	38.81%	40.25%
EBITDA Growth %	-57.34%	85.49%	48.1%	23.35%	-1.83%	-44.25%	141.47%	81.54%	-23.2%	-3.44%
D&A (Non-Cash Add-back)	6.77T	7.61T	8.28T	7.7T	8.58T	9.32T	10.16T	12.13T	13.81T	15.2T
EBIT	-3.18T	11.14T	16.91T	23.68T	22.38T	8.03T	30.56T	61.68T	46.02T	40.55T
Net Interest Income+	-2.48T	-2.41T	-2.04T	-2.3T	-1.44T	-2.12T	-3.25T	-5.34T	-5.53T	-6.64T
Interest Income	338.54B	379.9B	409.27B	423.89B	474.83B	277.72B	404.2B	1.25T	2.05T	1.84T
Interest Expense	2.82T	2.79T	2.45T	2.72T	1.91T	2.4T	3.65T	6.59T	7.58T	8.48T
Other Income/Expense	-7.71T	-1.11T	-2.4T	-1.84T	-1.3T	-2.41T	-3.27T	-6.07T	-4.86T	-7.76T
Pretax Income+	-5.58T	7.79T	13.77T	20.61T	19.72T	4.78T	26.43T	54.16T	36.9T	30.71T
Pretax Margin %	-10.66%	16.07%	24.61%	30.05%	27.59%	9.51%	28.76%	33.93%	25.77%	23.03%
Income Tax+	710.35B	4.54T	5.8T	8.26T	4.72T	2.04T	8.8T	18.96T	11.52T	12.21T
Effective Tax Rate %	128.95%	31.42%	52.13%	55.21%	69.68%	33.22%	59.22%	58.35%	57.08%	45.07%
Net Income+	-7.19T	2.45T	7.18T	11.38T	13.74T	1.59T	15.65T	31.6T	21.06T	13.84T
Net Margin %	-13.74%	5.05%	12.83%	16.59%	19.23%	3.16%	17.03%	19.8%	14.71%	10.38%
Net Income Growth %	-242.55%	134.03%	193.26%	58.55%	20.76%	-88.46%	886.28%	101.96%	-33.36%	-34.28%
Net Income (Continuing)	-6.29T	3.25T	7.97T	12.36T	15.01T	2.74T	17.63T	35.2T	25.38T	18.5T
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.88T	1.53T	1.78T	2.09T	3.82T	3.6T	22.09T	28.05T	24.71T	26.28T
EPS (Diluted)+	-1939.71	761.25	3220.10	5744.63	7067.20	821.08	8120.79	16249.00	9272.15	6732.00
EPS Growth %	-153.1%	139.25%	323%	78.4%	23.02%	-88.38%	889.04%	100.09%	-42.94%	-27.4%
EPS (Basic)	-1939.71	761.25	3220.10	5744.63	7067.20	821.08	8120.79	16249.00	9272.15	6732.00
Diluted Shares Outstanding	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B
Basic Shares Outstanding	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B	2.06B
Dividend Payout Ratio	-	68.84%	21.15%	42.99%	99.46%	510.88%	19.1%	46.21%	24.48%	121.46%

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+	20.11T	24.13T	23.22T	27.03T	23.36T	22.83T	51.7T	77.28T	68.62T	60.64T
Cash & Short-Term Investments	7.79T	13.78T	10.91T	11.63T	8.7T	7.28T	16.18T	16.56T	14.2T	14.91T
Cash Only	6.55T	8.41T	7.95T	6.31T	7.08T	5.08T	14.55T	15.4T	12.34T	14.05T
Short-Term Investments	1.24T	5.37T	2.97T	5.32T	1.62T	2.19T	1.63T	1.16T	1.86T	851.54B
Accounts Receivable	3.11T	3.91T	5.89T	7.92T	5.11T	4.4T	17.38T	38.01T	31.88T	19.26T
Days Sales Outstanding	21.71	29.42	38.43	42.16	26.07	31.97	69.03	86.92	81.25	52.73
Inventory	3.06T	3.84T	4.6T	5.1T	5.66T	5.05T	8.4T	11.88T	10.2T	10.03T
Days Inventory Outstanding	30.17	40.94	45.5	45.2	45.92	49.1	55.15	48.47	42.23	42.32
Other Current Assets	5.92T	2.46T	1.7T	2.15T	3.63T	5.73T	9.19T	10.13T	11.55T	14.85T
Total Non-Current Assets+	103.47T	94.83T	94.62T	99.21T	110.53T	114.86T	190.73T	229.09T	213.67T	240.7T
Property, Plant & Equipment	89.15T	84.67T	82.71T	85.85T	93.74T	98.82T	126.48T	143.95T	141.23T	156.1T
Fixed Asset Turnover	0.59x	0.57x	0.68x	0.80x	0.76x	0.51x	0.73x	1.11x	1.01x	0.85x
Goodwill	1.16T	1.16T	1.16T	919.45B	1.16T	1.59T	4.69T	5.11T	4.61T	4.91T
Intangible Assets	388.05B	272.13B	380.23B	410.75B	483.1B	555.04B	15.51T	18.15T	14.71T	16.41T
Long-Term Investments	3.19T	2.92T	4.9T	4.67T	6.6T	4.05T	9.66T	11.06T	8.79T	13.04T
Other Non-Current Assets	9.59T	5.8T	5.47T	7.36T	8.54T	9.84T	34.39T	50.83T	44.32T	50.24T
Total Assets+	123.59T	118.96T	117.85T	126.24T	133.89T	137.69T	242.43T	306.37T	282.28T	301.35T
Asset Turnover	0.42x	0.41x	0.47x	0.54x	0.53x	0.36x	0.38x	0.52x	0.51x	0.44x
Asset Growth %	11.42%	-3.75%	-0.93%	7.12%	6.06%	2.84%	76.06%	26.38%	-7.86%	6.75%
Total Current Liabilities+	17.44T	16.39T	16.85T	17.82T	21.74T	18.28T	30.25T	56.78T	43.56T	39.64T
Accounts Payable	7.76T	6.85T	6.97T	6.99T	10.69T	6.56T	10.54T	15.1T	13.77T	15.14T
Days Payables Outstanding	76.54	73.04	68.91	61.99	86.75	63.78	69.19	61.62	57	63.89
Short-Term Debt	4.57T	4.13T	5.14T	4.02T	4.78T	4.7T	8.92T	21.92T	15.21T	10.94T
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	3.04T	3.43T	2.9T	4.78T	3.32T	4.53T	7.92T	16.4T	10.91T	9.56T
Current Ratio	1.15x	1.47x	1.38x	1.52x	1.07x	1.25x	1.71x	1.36x	1.58x	1.53x
Quick Ratio	0.98x	1.24x	1.11x	1.23x	0.81x	0.97x	1.43x	1.15x	1.34x	1.28x
Cash Conversion Cycle	-24.66	-2.68	15.02	25.37	-14.76	17.29	54.99	73.77	66.49	31.16
Total Non-Current Liabilities+	63.04T	59.01T	52.79T	49.11T	53.92T	65.91T	121.59T	130.5T	135.62T	151.73T
Long-Term Debt	48.65T	48.1T	38.4T	33.24T	32.17T	40.98T	84.98T	92T	89.23T	107.52T
Capital Lease Obligations	0	0	0	797.89B	1.05T	827.72B	876.58B	935.33B	1.04T	1.16T
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	14.39T	10.92T	14.38T	15.07T	20.69T	24.1T	35.74T	37.56T	45.35T	43.06T
Total Liabilities	80.49T	75.4T	69.63T	66.94T	75.66T	84.19T	151.84T	187.28T	179.18T	191.37T
Total Debt+	53.22T	52.22T	43.55T	38.06T	38.24T	46.73T	95.06T	115.13T	105.82T	119.97T
Net Debt	46.67T	43.81T	35.6T	31.75T	31.16T	41.65T	80.51T	99.73T	93.48T	105.91T
Debt / Equity	1.23x	1.20x	0.90x	0.64x	0.66x	0.87x	1.05x	0.97x	1.03x	1.09x
Debt / EBITDA	5.98x	3.16x	1.78x	1.26x	1.29x	2.83x	2.39x	1.59x	1.90x	2.24x
Net Debt / EBITDA	5.24x	2.65x	1.46x	1.05x	1.05x	2.52x	2.02x	1.38x	1.68x	1.97x
Interest Coverage	0.76x	3.19x	6.59x	8.26x	11.01x	3.00x	8.13x	9.14x	5.51x	4.53x
Total Equity+	43.1T	43.56T	48.22T	59.3T	58.23T	53.5T	90.58T	119.09T	103.1T	109.98T
Equity Growth %	-11.19%	1.07%	10.69%	23%	-1.81%	-8.13%	69.32%	31.47%	-13.43%	6.67%
Book Value per Share	20965.19	21188.72	23453.10	28846.89	28325.05	26023.18	44061.80	57926.37	50149.36	53494.57
Total Shareholders' Equity	41.23T	42.03T	46.43T	57.21T	54.41T	49.9T	68.49T	91.03T	78.39T	83.7T
Common Stock	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T	25.04T
Retained Earnings	-1.27T	1.16T	7.39T	17.78T	16.12T	10.31T	25.48T	43.84T	38.52T	40.52T
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	10.85T	9.22T	7.4T	7.78T	6.65T	7.95T	11.36T	15.55T	8.22T	11.52T
Minority Interest	1.88T	1.53T	1.78T	2.09T	3.82T	3.6T	22.09T	28.05T	24.71T	26.28T

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+	10.55T	12.36T	15.09T	22.4T	26.24T	6.77T	21.22T	36.28T	14.42T	42.83T
Operating CF Margin %	20.16%	25.5%	26.97%	32.65%	36.7%	13.48%	23.1%	22.73%	10.07%	32.12%
Operating CF Growth %	-40.21%	17.17%	22.05%	48.47%	17.12%	-74.19%	213.33%	70.96%	-60.25%	196.96%
Net Income	-4.6T	1.54T	6.68T	12.77T	13.06T	1.57T	16.88T	36.53T	17.64T	16.13T
Depreciation & Amortization	7.81T	7.81T	9.63T	9.7T	9.01T	8.88T	11.27T	13.63T	13.22T	17.1T
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	135.97B	310.26B	-169.42B	-2.45T	-748.98B	2.06T	198.31B	554.41B	2.29T
Other Non-Cash Items	11.23T	3.08T	1.15T	3.46T	5.85T	-724.67B	4.68T	20.35T	9.52T	4.43T
Working Capital Changes	-3.89T	-201.69B	-2.68T	-3.35T	772.53B	-2.2T	-13.67T	-34.43T	-26.51T	2.88T
Change in Receivables	866.26B	-1.18T	-2.21T	-2.15T	2.35T	629.55B	-10.2T	-31.13T	-20.51T	9.78T
Change in Inventory	-211.34B	-213.76B	-326.58B	-495.17B	-589.06B	664.57B	-3.21T	-3.1T	747.75B	575.19B
Change in Payables	-2.54T	-609.34B	21.61B	1.5T	1.37T	-2.37T	3.36T	4.03T	473.14B	-1.38T
Cash from Investing+	-14.14T	-10.05T	-5.11T	-10.09T	-10.55T	-8.34T	-22.64T	-22.45T	-20.71T	-26.01T
Capital Expenditures	-16.44T	-5.75T	-6.02T	-9.35T	-13.78T	-10.32T	-14.34T	-23.92T	-22.29T	-22.6T
CapEx % of Revenue	31.4%	11.85%	10.76%	13.63%	19.28%	20.54%	15.61%	14.99%	15.57%	16.95%
Acquisitions	922.3B	0	430.26B	187.09B	152.58B	22.01B	-9.65T	0	0	-1.12T
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	108.16B	0	0	0	0	19.4B	408.55B	674.53B	383.57B
Cash from Financing+	679.3B	-263.34B	-10.16T	-14.56T	-15.19T	-262.99B	11.1T	-14.7T	5.76T	-16.37T
Debt Issued (Net)	7.02T	1.42T	448.89B	572.09B	-1.52T	8.17T	14.45T	475.14B	11.45T	1.08T
Equity Issued (Net)	0	0	-1000K	-1000K	0	0	0	-1000K	-1000K	-1000K
Dividends Paid	-6.34T	-1.69T	-1.52T	-4.89T	-13.67T	-8.11T	-2.99T	-14.61T	-5.15T	-16.81T
Share Repurchases	0	0	-9.09T	-10.24T	0	0	0	-92.75B	-41.42B	-33.12B
Other Financing	3.46M	0	0	0	0	-325.32B	-362.44B	-475.16B	-493.77B	-607.52B
Net Change in Cash	-3.62T	2.22T	-345.49B	-2.35T	619.69B	-2.3T	8.45T	-1.86T	32.53B	25.74B
Free Cash Flow+	-5.76T	8.77T	9.25T	13.17T	22.28T	2.1T	14.62T	26.69T	5.77T	32.54T
FCF Margin %	-11%	18.09%	16.52%	19.2%	31.17%	4.19%	15.91%	16.72%	4.03%	24.41%
FCF Growth %	-323.5%	252.39%	5.39%	42.44%	69.18%	-90.57%	595.56%	82.55%	-78.38%	463.97%
FCF per Share	-2800.50	4267.58	4497.63	6406.58	10838.63	1022.57	7112.61	12983.91	2806.93	15830.28
FCF Conversion (FCF/Net Income)	-1.47x	5.05x	2.10x	1.97x	1.91x	4.27x	1.36x	1.15x	0.68x	3.09x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-15.7%	5.65%	15.64%	21.17%	23.39%	2.84%	21.72%	30.15%	18.96%	12.99%
Return on Invested Capital (ROIC)	1.93%	7.54%	14.17%	19.26%	17.48%	5.84%	16.73%	23.17%	15.08%	13.99%
Gross Margin	29.33%	29.36%	34.04%	39.97%	37.09%	25.2%	39.51%	43.95%	38.42%	35.14%
Net Margin	-13.74%	5.05%	12.83%	16.59%	19.23%	3.16%	17.03%	19.8%	14.71%	10.38%
Debt / Equity	1.23x	1.20x	0.90x	0.64x	0.66x	0.87x	1.05x	0.97x	1.03x	1.09x
Interest Coverage	0.76x	3.19x	6.59x	8.26x	11.01x	3.00x	8.13x	9.14x	5.51x	4.53x
FCF Conversion	-1.47x	5.05x	2.10x	1.97x	1.91x	4.27x	1.36x	1.15x	0.68x	3.09x
Revenue Growth	-20.65%	-7.38%	15.4%	22.61%	4.2%	-29.75%	82.95%	73.71%	-10.29%	-6.89%

Ecopetrol S.A. (EC) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare EC vs Peers

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Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Ecopetrol S.A. (EC) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare EC vs Peers

vs XOM

vs CVX

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios