Ecopetrol S.A. (EC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 28.41T | 28.47T | 29.84T | 29.67T | 31.36T | 34.79T | 34.61T | 32.63T | 31.3T | 34.8T | 35.13T | 34.3T | 38.85T | 39.71T | 43.44T | 43.88T | 32.47T | 31.9T | 23.33T | 19.44T |
| Revenue Growth % | -9.43% | -18.19% | -13.77% | -9.07% | 0.2% | -0.01% | -1.49% | -4.88% | -19.44% | -12.37% | -19.13% | -21.84% | 19.65% | 24.5% | 86.17% | 125.7% | 88.73% | 121.71% | 89.35% | 130.32% |
| Cost of Goods Sold | 17.37T | 20.07T | 19.87T | 21.16T | 20.7T | 24.19T | 22.64T | 20.58T | 19.06T | 23.31T | 20.61T | 21.49T | 22.78T | 24T | 24.43T | 23.08T | 17.94T | 19.13T | 14.51T | 11.43T |
| COGS % of Revenue | 61.16% | 70.51% | 66.59% | 71.32% | 66.01% | 69.53% | 65.43% | 63.08% | 60.9% | 66.98% | 58.65% | 62.64% | 58.63% | 60.43% | 56.25% | 52.59% | 55.24% | 59.98% | 62.17% | 58.79% |
| Gross Profit | 11.03T | 8.39T | 9.97T | 8.51T | 10.66T | 10.6T | 11.96T | 12.05T | 12.24T | 11.49T | 14.53T | 12.81T | 16.07T | 15.71T | 19T | 20.81T | 14.53T | 12.77T | 8.83T | 8.01T |
| Gross Margin % | 38.84% | 29.49% | 33.41% | 28.68% | 33.99% | 30.47% | 34.57% | 36.92% | 39.1% | 33.02% | 41.35% | 37.36% | 41.37% | 39.57% | 43.75% | 47.41% | 44.76% | 40.02% | 37.83% | 41.21% |
| Gross Profit Growth % | 3.51% | -20.82% | -16.66% | -29.38% | -12.9% | -7.74% | -17.64% | -5.98% | -23.86% | -26.87% | -23.56% | -38.42% | 10.6% | 23.09% | 115.28% | 159.67% | 117.13% | 214.04% | 121.84% | 870.1% |
| Operating Expenses | 2.54T | 3.16T | 2.63T | 2.87T | 2.28T | 781.28B | 2.66T | 2.51T | 2.44T | 5.87T | 2.71T | 2.31T | 2.35T | 3.94T | 1.78T | 2.2T | 2.01T | 2.24T | 1.73T | 1.46T |
| OpEx % of Revenue | 8.93% | 11.09% | 8.83% | 9.68% | 7.27% | 2.25% | 7.68% | 7.7% | 7.79% | 16.88% | 7.71% | 6.75% | 6.06% | 9.91% | 4.1% | 5.01% | 6.18% | 7.02% | 7.39% | 7.49% |
| Selling, General & Admin | 2.54T | 3.16T | 2.45T | 2.58T | 0 | 0 | 0 | 2.04T | 0 | 2.01T | 0 | 0 | 1.43T | 1.75T | -912.02B | 1.75T | 1.11T | 73.39B | 1.42T | 1.39T |
| SG&A % of Revenue | 8.93% | 11.09% | 8.22% | 8.71% | - | - | - | 6.26% | - | 5.77% | - | - | 3.67% | 4.4% | -2.1% | 3.99% | 3.42% | 0.23% | 6.09% | 7.15% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 8.5T | 5.24T | 7.33T | 5.64T | 8.38T | 9.82T | 9.31T | 9.54T | 9.8T | 5.62T | 11.82T | 10.5T | 13.72T | 11.78T | 17.22T | 18.61T | 12.53T | 10.53T | 7.1T | 6.56T |
| Operating Margin % | 29.92% | 18.39% | 24.58% | 19% | 26.72% | 28.22% | 26.89% | 29.22% | 31.31% | 16.14% | 33.64% | 30.61% | 35.31% | 29.65% | 39.65% | 42.4% | 38.59% | 33% | 30.44% | 33.72% |
| Operating Income Growth % | 1.42% | -46.68% | -21.18% | -40.88% | -14.51% | 74.84% | -21.24% | -9.18% | -28.56% | -52.3% | -31.39% | -43.58% | 9.51% | 11.85% | 142.5% | 183.83% | 127.27% | 982.25% | 165.2% | 695.63% |
| EBITDA | 12.03T | 8.68T | 11.4T | 10.13T | 8.38T | 11.91T | 9.31T | 13.25T | 9.8T | 5.83T | 11.82T | 13.86T | 16.88T | 15.15T | 20.41T | 21.46T | 15.24T | 13.3T | 9.79T | 8.95T |
| EBITDA Margin % | 42.34% | 30.49% | 38.22% | 34.15% | 26.72% | 34.22% | 26.89% | 40.61% | 31.31% | 16.74% | 33.64% | 40.41% | 43.45% | 38.14% | 47% | 48.91% | 46.93% | 41.71% | 41.95% | 46.04% |
| EBITDA Growth % | 43.53% | -27.12% | 22.56% | -23.53% | -14.51% | 104.38% | -21.24% | -4.41% | -41.94% | -61.54% | -42.12% | -35.42% | 10.79% | 13.86% | 108.54% | 139.77% | 95% | 282.36% | 96.68% | 187.57% |
| D&A (Non-Cash Add-back) | 3.53T | 3.44T | 4.07T | 4.49T | 0 | 0 | 0 | 3.71T | 0 | 209.37B | 0 | 3.36T | 3.16T | 3.37T | 3.19T | 2.86T | 2.71T | 2.78T | 2.69T | 2.4T |
| EBIT | 8.5T | 5.24T | 7.33T | 5.64T | 8.38T | 11.91T | 9.31T | 9.54T | 9.8T | 6.64T | 11.82T | 10.5T | 13.72T | 11.89T | 17.22T | 18.61T | 12.76T | 11.39T | 7.1T | 6.55T |
| Net Interest Income | -2.71T | -1.95T | 0 | -2.24T | -2.33T | -1.78T | -1.51T | -1.56T | -2.02T | -1.53T | -1.53T | -1.63T | -1.15T | -1.42T | -1.22T | -1.21T | -1.1T | -1.2T | -715.9B | -606.06B |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 417.32B | 480.97B | 454.86B | 0 | 504.92B | 385.86B | 642.6B | 0 | 0 | 0 | 186.6B | 151.99B | 163B | 61.92B | 44.66B |
| Interest Expense | 2.71T | 1.95T | 0 | 2.24T | 2.33T | 2.2T | 1.99T | 2.02T | 2.02T | 2.04T | 1.91T | 2.27T | 1.15T | 1.42T | 1.22T | 1.39T | 1.25T | 1.37T | 777.82B | 650.72B |
| Other Income/Expense | -2.47T | -1.83T | -1.86T | -1.9T | -2.21T | -2.11T | -1.94T | -1.9T | -1.8T | -1.29T | -521B | -1.89T | -1.16T | -1.96T | -1.64T | -1.75T | -1.32T | -1.32T | -586B | -769B |
| Pretax Income | 6.03T | 3.4T | 5.48T | 3.74T | 6.17T | 7.71T | 7.37T | 7.63T | 8T | 4.33T | 11.29T | 8.61T | 12.56T | 9.81T | 15.59T | 16.85T | 11.21T | 9.21T | 6.52T | 5.79T |
| Pretax Margin % | 21.23% | 11.96% | 18.35% | 12.61% | 19.67% | 22.15% | 21.3% | 23.4% | 25.55% | 12.44% | 32.15% | 25.1% | 32.32% | 24.71% | 35.88% | 38.4% | 34.51% | 28.87% | 27.93% | 29.76% |
| Income Tax | 2.24T | 972.93B | 1.71T | 1.28T | 1.94T | 3.79T | 2.26T | 3.23T | 2.92T | 39B | 5.31T | 3.34T | 5.59T | 2.14T | 5.12T | 5.31T | 3.88T | 3.3T | 2.19T | 1.77T |
| Effective Tax Rate % | 37.12% | 28.58% | 31.23% | 34.35% | 31.42% | 49.19% | 30.71% | 42.36% | 36.53% | 0.9% | 46.99% | 38.75% | 44.54% | 21.85% | 32.82% | 31.5% | 34.65% | 35.79% | 33.66% | 30.55% |
| Net Income | 2.87T | 1.49T | 2.56T | 1.81T | 3.13T | 2.8T | 3.65T | 3.38T | 4.01T | 3.42T | 5.09T | 4.09T | 5.66T | 6.83T | 9.51T | 10.47T | 6.57T | 5.03T | 3.81T | 3.72T |
| Net Margin % | 10.09% | 5.24% | 8.59% | 6.1% | 9.97% | 8.06% | 10.54% | 10.35% | 12.82% | 9.84% | 14.48% | 11.92% | 14.57% | 17.21% | 21.9% | 23.86% | 20.24% | 15.78% | 16.32% | 19.15% |
| Net Income Growth % | -8.38% | -46.85% | -29.76% | -46.36% | -22.06% | -18.08% | -28.25% | -17.4% | -29.12% | -49.91% | -46.54% | -60.96% | -13.89% | 35.8% | 149.88% | 181.15% | 112.98% | 777.17% | 345.26% | 14796% |
| Net Income (Continuing) | 3.79T | 2.43T | 3.77T | 2.46T | 4.23T | 3.91T | 5.11T | 4.4T | 5.08T | 4.29T | 5.99T | 5.27T | 6.96T | 7.67T | 10.47T | 11.54T | 7.32T | 5.91T | 4.32T | 4.02T |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 25.11T | 25.46T | 26.3T | 26.36T | 25.81T | 26.28T | 26.65T | 25.16T | 23.93T | 24.71T | 25.89T | 26.66T | 27.07T | 28.05T | 25.63T | 24.07T | 22.69T | 22.09T | 30.79T | 3.6T |
| EPS (Diluted) | 1393.40 | 717.00 | 1246.80 | 881.00 | 1521.04 | 1896.07 | 1774.95 | 1642.16 | 1951.52 | 2056.59 | 2473.93 | 1988.00 | 2753.14 | 3332.47 | 4627.32 | 5092.82 | 31.98 | 2955.98 | 1851.80 | 1811.43 |
| EPS Growth % | -8.39% | -62.18% | -29.76% | -46.35% | -22.06% | -7.81% | -28.25% | -17.4% | -29.12% | -38.29% | -46.54% | -60.96% | 8508.94% | 12.74% | 149.88% | 181.15% | -97.87% | 800.31% | 345.26% | 14796.63% |
| EPS (Basic) | 1393.40 | 717.00 | 1246.80 | 881.00 | 1521.04 | 1896.07 | 1774.95 | 1642.16 | 1951.52 | 2056.59 | 2473.93 | 1988.00 | 2753.14 | 3332.47 | 4627.32 | 5092.82 | 31.98 | 2955.98 | 1851.80 | 1811.43 |
| Diluted Shares Outstanding | 2.06B | 2.03B | 2.06B | 2.06B | 2.06B | 2.06B | 2.05B | 2.06B | 2.06B | 2.06B | 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 | 2.03B | 2.06B | 2.06B | 2.06B | 2.06B | 2.05B | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B |
| Dividend Payout Ratio | 17.39% | 46.86% | 12.84% | 517.04% | 32.23% | 12.46% | 72.86% | 375.82% | 6.65% | 47.63% | 25.6% | 52.15% | 3.91% | 27.24% | 58.88% | 58.32% | 3.99% | 29.5% | 6.39% | 27.06% |