Ecopetrol S.A. (EC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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EC Revenue Growth
Revenue Breakdown (FY 2024)
EC's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
EC Revenue Analysis (2014–2025)
As of May 6, 2026, Ecopetrol S.A. (EC) generated trailing twelve-month (TTM) revenue of $119.34 trillion, reflecting significant decline in growth of -18.2% year-over-year. The most recent quarter (Q4 2025) recorded $28.47 trillion in revenue, down 4.6% sequentially.
Looking at the longer-term picture, EC's 5-year compound annual growth rate (CAGR) stands at +17.3%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $159.61 trillion in 2022.
Revenue diversification analysis shows EC's business is primarily driven by Crude oil (100%). With over half of revenue concentrated in Crude oil, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including PBR (-11.6% YoY), YPF (+31.3% YoY), and CVX (-4.6% YoY), EC has underperformed the peer group in terms of revenue growth. Compare EC vs PBR →
EC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ECCurrent | $119.34T | -18.2% | +17.3% | 22.3% | |
 PBR | $91.4B | -11.6% | +3.6% | 28.1% | |
 YPF | $26.53T | +31.3% | +107.3% | 8.9% | |
 CVX | $184.4B | -4.6% | +14.3% | 9.0% | |
 XOM | $323.9B | -4.5% | +12.6% | 10.5% | |
 BP | $189.3B | +3.9% | +12.3% | 8.2% |
EC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $111.48T | -16.4% | $35.05T | 31.4% | $24.83T | 22.3% |
| 2024 | $133.33T | -6.9% | $46.85T | 35.1% | $38.46T | 28.8% |
| 2023 | $143.19T | -10.3% | $55.01T | 38.4% | $41.76T | 29.2% |
| 2022 | $159.61T | +73.7% | $70.15T | 44.0% | $60.23T | 37.7% |
| 2021 | $91.88T | +82.9% | $36.30T | 39.5% | $29.70T | 32.3% |
| 2020 | $50.22T | -29.7% | $12.66T | 25.2% | $7.18T | 14.3% |
| 2019 | $71.49T | +4.2% | $26.52T | 37.1% | $21.03T | 29.4% |
| 2018 | $68.60T | +22.6% | $27.42T | 40.0% | $22.46T | 32.7% |
| 2017 | $55.95T | +15.4% | $19.05T | 34.0% | $16.17T | 28.9% |
| 2016 | $48.49T | -7.4% | $14.23T | 29.4% | $8.90T | 18.4% |
Full EC Stock Analysis
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Start ComparisonEC — Frequently Asked Questions
Quick answers to the most common questions about buying EC stock.
Is EC's revenue growth accelerating or slowing?
EC revenue declined -18.2% year-over-year, contrasting with the 5-year CAGR of +17.3%. TTM revenue fell to $119.3T. This reverses the prior growth trend.
What is EC's long-term revenue growth rate?
Ecopetrol S.A.'s 5-year revenue CAGR of +17.3% reflects the variable expansion pattern. Current YoY growth of -18.2% is below this long-term average.
How is EC's revenue distributed by segment?
EC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.