Ecopetrol S.A. (EC) Financial Ratios
20 years of historical data (2006–2025) · Energy · Oil & Gas Integrated
EV/EBITDA
↑
5.50
↑+188% vs avg
5yr avg: 1.91
30Y Low0.1·High5.2
P/FCF
↓
7.27
↑+420851% vs avg
5yr avg: 0.00
30Y Low0.0·High0.3
P/B Ratio
↓
1.08
↑+514039% 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 14.1x earnings, 982301% 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 15.5x, the stock trades at a discount of 9%. On a free-cash-flow basis, the stock trades at 7.3x P/FCF, 420851% 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 | $34.1B | $20.6B | $16.3B | $24.5B | $21.5B | $26.5B | $26.5B | $41.0B | $32.6B | $30.1B | $18.6B |
| Enterprise Value | $62.6B | $98.42T | $105.93T | $93.50T | $99.76T | $80.54T | $41.68T | $31.20T | $31.78T | $35.63T | $43.83T |
| P/E Ratio → | 14.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 |
| P/S Ratio | 1.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | 1.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 7.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/OCF | 4.65 | 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 5.5x EBITDA, 188% above its 5-year average of 1.9x. The Energy sector median is 7.8x, placing the stock at a 30% 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 | 5.50 | 2.51 | 1.97 | 1.68 | 1.38 | 2.02 | 2.52 | 1.05 | 1.05 | 1.46 | 2.65 |
| EV / EBIT | 8.71 | 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 13.8%. 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. ROIC of 8.8% represents adequate returns on invested capital versus a sector median of 6.2%.
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 (7% above the sector average of 2.6x). 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 | 4.78 | 6.07 | 9.37 | 8.36 | 3.35 | 11.71 | 8.71 | 6.89 | 3.99 |
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 | 0.36 | 0.36 | 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 9.3% to shareholders annually — split between a 9.3% 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 7.1% (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 | 9.3% | 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 | 7.1% | 40672.7% | 85000.0% | 77786.5% | 155195.8% | 63000.7% | 6360.0% | 35406.8% | 36175.3% | 22010.3% | 8411.6% |
| FCF Yield | 13.8% | 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 | 9.3% | 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 | $34B | 14.1 | 5.5 | 7.3 | 31.4% | 22.3% | 7.7% | 8.8% | 2.8 |
 PBR | $108B | 5.4 | 4.1 | 6.5 | 47.6% | 28.6% | 29.7% | 15.2% | 1.7 |
 YPF | $20B | -24.1 | 6.2 | — | 27.0% | 8.9% | -8.5% | 6.8% | 2.3 |
 CVX | $346B | 26.2 | 10.4 | 20.9 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
 XOM | $584B | 20.6 | 10.3 | 24.7 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
 BP | $102B | 1916.7 | 4.5 | 9.0 | 17.7% | 8.2% | 0.1% | 9.8% | 2.5 |
 E | $72B | 28.4 | 7.3 | 14.1 | 5.5% | 7.3% | 4.6% | 5.2% | 3.0 |
 TTE | $179B | 13.9 | 6.3 | 16.6 | 28.4% | 10.9% | 11.0% | 9.9% | 1.8 |
 COP | $131B | 17.0 | 6.4 | 7.8 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 OXY | $52B | 32.2 | 6.5 | 12.6 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 |
 MPC | $71B | 18.3 | 11.3 | 14.9 | 7.5% | 4.3% | 16.7% | 8.3% | 3.8 |
| Energy Median | — | 15.5 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 20 years · Updated daily
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EC — 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 14.1x. 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 5.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.6x.
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 14.1x. 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 9.28% 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.