Ecopetrol S.A. (EC) Financial Ratios
20 years of historical data (2006–2025) · Energy · Oil & Gas Integrated
EV/EBITDA
↑
5.09
↑+166% vs avg
5yr avg: 1.91
30Y Low0.0·High5.2
P/FCF
↓
6.27
↑+362973% vs avg
5yr avg: 0.00
30Y Low0.0·High0.3
P/B Ratio
↓
0.93
↑+443345% vs avg
5yr avg: 0.00
30Y Low0.0·High0.0
ROE
↓
7.7%
↑-58% vs avg
5yr avg: 18.3%
30Y Low-16%·High38%
Debt/EBITDA
↑
2.78
↑+27% vs avg
5yr avg: 2.18
30Y Low0.1·High6.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ecopetrol S.A. trades at 12.1x earnings, 847240% above its 5-year average of 0.0x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a discount of 28%. On a free-cash-flow basis, the stock trades at 6.3x P/FCF, 362973% above the 5-year average of 0.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $27.5B | $20.6B | $16.3B | $24.5B | $21.5B | $26.5B | $26.5B | $41.0B | $32.6B | $30.1B | $18.6B |
| Enterprise Value | $54.1B | $98.42T | $105.93T | $93.50T | $99.76T | $80.54T | $41.68T | $31.20T | $31.78T | $35.63T | $43.83T |
| P/E Ratio → | 12.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 |
| P/S Ratio | 0.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | 0.93 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 6.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/OCF | 4.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/E links to full P/E history page with 30-year chart
EC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ecopetrol S.A.'s enterprise value stands at 5.1x EBITDA, 166% above its 5-year average of 1.9x. The Energy sector median is 8.1x, placing the stock at a 37% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.88 | 0.79 | 0.65 | 0.62 | 0.88 | 0.83 | 0.44 | 0.46 | 0.64 | 0.90 |
| EV / EBITDA | 5.09 | 2.51 | 1.97 | 1.68 | 1.38 | 2.02 | 2.52 | 1.05 | 1.05 | 1.46 | 2.65 |
| EV / EBIT | 8.05 | 3.96 | 2.61 | 2.03 | 1.62 | 2.63 | 5.19 | 1.39 | 1.34 | 2.11 | 3.94 |
| EV / FCF | — | 6.08 | 3.25 | 16.20 | 3.74 | 5.51 | 19.82 | 1.40 | 2.41 | 3.85 | 5.00 |
EC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ecopetrol S.A. earns an operating margin of 22.3%, above the Energy sector average of 14.5%. Operating margins have compressed from 29.2% to 22.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.7% is modest, trailing the sector median of 7.9%. ROIC of 8.8% represents adequate returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.4% | 31.4% | 35.1% | 38.4% | 44.0% | 39.5% | 25.2% | 37.1% | 40.0% | 34.0% | 29.4% |
| Operating Margin | 22.3% | 22.3% | 28.8% | 29.2% | 37.7% | 32.3% | 14.3% | 29.4% | 32.7% | 28.9% | 18.4% |
| Net Profit Margin | 7.5% | 7.5% | 10.4% | 14.7% | 19.8% | 17.0% | 3.2% | 19.2% | 16.6% | 12.8% | 5.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.7% | 7.7% | 13.0% | 19.0% | 30.1% | 21.7% | 2.8% | 23.4% | 21.2% | 15.6% | 5.6% |
| ROA | 2.9% | 2.9% | 4.7% | 7.2% | 11.5% | 8.2% | 1.2% | 10.6% | 9.3% | 6.1% | 2.0% |
| ROIC | 8.8% | 8.8% | 14.0% | 15.1% | 23.2% | 16.7% | 5.8% | 17.5% | 19.3% | 14.2% | 7.5% |
| ROCE | 9.7% | 9.7% | 15.4% | 17.1% | 26.1% | 17.9% | 6.2% | 19.1% | 21.4% | 15.9% | 8.5% |
EC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ecopetrol S.A. carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (15% above the sector average of 2.4x). Net debt stands at $98.4T ($109.1T total debt minus $10.7T cash). Interest coverage of 3.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.00 | 1.00 | 1.09 | 1.03 | 0.97 | 1.05 | 0.87 | 0.66 | 0.64 | 0.90 | 1.20 |
| Debt / EBITDA | 2.78 | 2.78 | 2.24 | 1.90 | 1.59 | 2.39 | 2.83 | 1.29 | 1.26 | 1.78 | 3.16 |
| Net Debt / Equity | — | 0.90 | 0.96 | 0.91 | 0.84 | 0.89 | 0.78 | 0.54 | 0.54 | 0.74 | 1.01 |
| Net Debt / EBITDA | 2.50 | 2.50 | 1.97 | 1.68 | 1.38 | 2.02 | 2.52 | 1.05 | 1.05 | 1.46 | 2.65 |
| Debt / FCF | — | 6.08 | 3.25 | 16.20 | 3.74 | 5.51 | 19.81 | 1.40 | 2.41 | 3.85 | 4.99 |
| Interest Coverage | 3.13 | 3.13 | 4.53 | 5.51 | 9.14 | 8.13 | 3.00 | 11.01 | 8.26 | 6.59 | 3.19 |
EC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.55x means Ecopetrol S.A. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.55 | 1.55 | 1.53 | 1.58 | 1.36 | 1.71 | 1.25 | 1.07 | 1.52 | 1.38 | 1.47 |
| Quick Ratio | 1.30 | 1.30 | 1.28 | 1.34 | 1.15 | 1.43 | 0.97 | 0.81 | 1.23 | 1.11 | 1.24 |
| Cash Ratio | 0.31 | 0.31 | 0.38 | 0.33 | 0.29 | 0.53 | 0.40 | 0.40 | 0.65 | 0.65 | 0.84 |
| Asset Turnover | — | 0.39 | 0.44 | 0.51 | 0.52 | 0.38 | 0.36 | 0.53 | 0.54 | 0.47 | 0.41 |
| Inventory Turnover | 8.89 | 8.89 | 8.62 | 8.64 | 7.53 | 6.62 | 7.43 | 7.95 | 8.07 | 8.02 | 8.92 |
| Days Sales Outstanding | — | 96.14 | 52.73 | 81.25 | 86.92 | 69.03 | 31.97 | 26.07 | 42.16 | 38.43 | 29.42 |
EC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ecopetrol S.A. returns 10.8% to shareholders annually — split between a 10.8% dividend yield and 0.0% buyback yield. The payout ratio exceeds 100% at 130.0%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 8.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 10.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 130.0% | 130.0% | 121.5% | 24.5% | 46.2% | 19.1% | 510.9% | 99.5% | 43.0% | 21.2% | 68.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.3% | 40672.7% | 85000.0% | 77786.5% | 155195.8% | 63000.7% | 6360.0% | 35406.8% | 36175.3% | 22010.3% | 8411.6% |
| FCF Yield | 15.9% | 78749.6% | 199877.3% | 23548.0% | 124010.6% | 55179.3% | 7920.8% | 54301.8% | 40343.7% | 30742.5% | 47155.6% |
| Buyback Yield | 0.0% | 81.5% | 100.0% | 100.0% | 100.0% | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 0.0% |
| Total Shareholder Yield | 10.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B |
Peer Comparison
Compare EC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ECYou | $27B | 12.1 | 5.1 | 6.3 | 31.4% | 22.3% | 7.7% | 8.8% | 2.8 |
 PBR | $78B | 8.9 | 3.5 | 3.3 | 50.3% | 28.1% | 10.9% | 15.7% | 1.6 |
 YPF | $17B | -19.7 | 5.5 | — | 27.0% | 8.9% | -8.5% | 6.8% | 2.3 |
 CVX | $369B | 27.9 | 11.0 | 22.3 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
 XOM | $630B | 22.2 | 11.1 | 26.7 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
 BP | $117B | 2187.7 | 4.9 | 10.3 | 17.7% | 8.2% | 0.1% | 9.8% | 2.5 |
 E | $79B | 30.6 | 7.7 | 15.2 | 5.5% | 7.3% | 4.6% | 5.2% | 3.0 |
 TTE | $200B | 15.6 | 7.0 | 18.5 | 28.4% | 10.9% | 11.0% | 9.9% | 1.8 |
 COP | $145B | 18.7 | 7.0 | 8.6 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 OXY | $55B | 34.2 | 6.7 | 13.3 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 |
 MPC | $72B | 18.5 | 11.4 | 15.2 | 7.5% | 4.3% | 16.7% | 8.3% | 3.8 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 20 years · Updated daily
Full EC Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See EC's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs EC Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare EC vs PBR
Side-by-side business, growth, and profitability comparison vs Petróleo Brasileiro S.A. - Petrobras.
Start ComparisonEC — Frequently Asked Questions
Quick answers to the most common questions about buying EC stock.
What is Ecopetrol S.A.'s P/E ratio?
Ecopetrol S.A.'s current P/E ratio is 12.1x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
What is Ecopetrol S.A.'s EV/EBITDA?
Ecopetrol S.A.'s current EV/EBITDA is 5.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.5x.
What is Ecopetrol S.A.'s ROE?
Ecopetrol S.A.'s return on equity (ROE) is 7.7%. The historical average is 16.9%.
Is EC stock overvalued?
Based on historical data, Ecopetrol S.A. is trading at a P/E of 12.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ecopetrol S.A.'s dividend yield?
Ecopetrol S.A.'s current dividend yield is 10.76% with a payout ratio of 130.0%.
What are Ecopetrol S.A.'s profit margins?
Ecopetrol S.A. has 31.4% gross margin and 22.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ecopetrol S.A. have?
Ecopetrol S.A.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.