Last 47 quarters of trend data · Energy · Oil & Gas Integrated
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Petróleo Brasileiro S.A. - Petrobras's quarterly P/E stands at 3.4x, down 14.0% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 7.11 | 3.37 | 4.34 | 3.90 | — | 3.92 | — | 5.14 | — | 22.04 | 3.88 | 11.85 | 11.09 |
| — | -14.0% | — | -24.2% | — | -82.2% | — | -56.6% | — | +71.5% | +112.9% | +361.3% | +251.6% | |
| P/S Ratio | 0.68 | 0.87 | 0.96 | 1.10 | 1.00 | 0.99 | 1.00 | 1.03 | 0.95 | 0.96 | 0.95 | 0.62 | 0.58 |
| — | -12.6% | -3.8% | +6.1% | +4.2% | +4.0% | +5.0% | +66.8% | +65.9% | +54.0% | +72.8% | -30.2% | -22.7% | |
| P/B Ratio | 0.90 | 1.02 | 1.09 | 1.33 | 1.40 | 1.28 | 1.38 | 1.20 | 1.31 | 1.26 | 1.17 | 0.86 | 0.99 |
| — | -20.3% | -20.7% | +11.5% | +6.5% | +1.5% | +18.3% | +39.8% | +31.8% | +8.5% | +20.8% | -18.1% | -3.0% | |
| P/FCF | 2.65 | 4.10 | 5.85 | 5.09 | 5.49 | 3.38 | 3.80 | 3.75 | 3.21 | 2.92 | 3.35 | 2.15 | 1.87 |
| — | +21.3% | +54.0% | +35.8% | +71.2% | +16.0% | +13.3% | +74.8% | +71.4% | +46.7% | +125.2% | -29.5% | -21.6% | |
| EV / EBITDA | 3.12 | 3.03 | 3.86 | 3.58 | 8.19 | 3.04 | 3.84 | 3.01 | 3.01 | 2.72 | 2.87 | 1.93 | 1.80 |
| — | -0.4% | +0.7% | +19.2% | +171.9% | +11.6% | +33.6% | +55.5% | +67.4% | +45.7% | +123.6% | -14.6% | -25.0% | |
| EV / EBIT | 4.63 | 3.83 | 4.76 | 3.78 | — | 3.97 | 60.60 | 4.67 | 4.18 | 4.17 | 3.76 | 2.38 | 2.38 |
| — | -3.4% | -92.1% | -19.1% | — | -5.0% | +1511.9% | +96.2% | +75.9% | +72.3% | +129.3% | -3.8% | -30.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Petróleo Brasileiro S.A. - Petrobras's operating margin was 32.9% in Q3 2025, up 6.9 pp QoQ and down 4.8 pp YoY. The trailing four-quarter average of 25.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 7.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.3% | 47.8% | 47.6% | 49.3% | 48.0% | 51.4% | 50.0% | 51.6% | 54.1% | 53.1% | 50.7% | 52.7% | 48.3% |
| — | -7.0% | -4.8% | -4.4% | -11.3% | -3.3% | -1.4% | -2.2% | +11.9% | +4.1% | -9.7% | -0.5% | +9.8% | |
| Operating Margin | 28.1% | 32.9% | 26.0% | 35.0% | 6.1% | 37.7% | 26.9% | 37.8% | 33.6% | 39.1% | 42.2% | 45.8% | 42.1% |
| — | -12.7% | -3.4% | -7.5% | -81.7% | -3.5% | -36.2% | -17.4% | -20.2% | -10.7% | -21.3% | +3.3% | +5.5% | |
| Net Margin | 8.2% | 25.7% | 22.5% | 28.3% | -13.4% | 25.1% | -1.5% | 20.1% | 23.1% | 21.4% | 25.3% | 27.4% | 27.3% |
| — | +2.2% | +1635.1% | +40.9% | -157.8% | +17.7% | -105.8% | -26.7% | -15.5% | -21.0% | -20.3% | -13.3% | +16.5% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.9% | 7.9% | 6.6% | 9.3% | -4.2% | 8.4% | -0.5% | 5.9% | 8.0% | 7.1% | 7.7% | 10.1% | 11.9% |
| — | -6.3% | +1541.9% | +56.4% | -152.7% | +18.7% | -106.0% | -41.1% | -32.5% | -40.4% | -40.4% | -5.0% | +46.1% | |
| ROA | 3.8% | 2.7% | 2.3% | 3.1% | -1.5% | 3.0% | -0.2% | 2.2% | 3.0% | 2.7% | 3.0% | 4.0% | 4.5% |
| — | -10.0% | +1439.1% | +41.0% | -149.4% | +13.7% | -105.6% | -44.0% | -34.8% | -44.3% | -44.8% | -11.3% | +42.7% | |
| ROIC | 15.7% | 4.2% | 3.1% | 4.5% | 0.8% | 5.5% | 3.8% | 5.2% | 5.4% | 6.0% | 6.1% | 7.9% | 8.1% |
| — | -23.0% | -17.4% | -12.7% | -85.1% | -8.5% | -38.1% | -34.8% | -34.0% | -34.0% | -45.6% | +10.2% | +33.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Petróleo Brasileiro S.A. - Petrobras's Debt/EBITDA ratio is 6.0x, down from 7.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 12.4% YoY to 0.82x, tightening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.02 | 0.88 | 0.92 | 0.93 | 1.02 | 0.82 | 0.88 | 0.75 | 0.79 | 0.79 | 0.75 | 0.67 | 0.77 |
| — | +8.5% | +4.9% | +23.6% | +28.2% | +3.5% | +17.5% | +12.2% | +2.9% | +0.5% | +10.4% | +5.9% | -8.4% | |
| Debt / EBITDA | 1.58 | 5.97 | 7.42 | 6.07 | 14.12 | 5.01 | 6.30 | 5.01 | 4.92 | 4.53 | 4.83 | 3.72 | 3.36 |
| — | +19.1% | +17.8% | +21.3% | +187.2% | +10.6% | +30.4% | +34.8% | +46.3% | +45.7% | +99.1% | -3.4% | -28.6% | |
| Current Ratio | 0.69 | 0.82 | 0.76 | 0.72 | 0.69 | 0.94 | 0.90 | 1.08 | 0.96 | 0.95 | 0.90 | 1.22 | 1.00 |
| — | -12.4% | -15.3% | -33.4% | -27.6% | -1.9% | -0.8% | -11.9% | -3.8% | -18.8% | -31.3% | -20.1% | -20.1% | |
| Quick Ratio | 0.48 | 0.57 | 0.51 | 0.47 | 0.48 | 0.71 | 0.67 | 0.81 | 0.73 | 0.70 | 0.64 | 0.91 | 0.72 |
| — | -20.2% | -23.8% | -41.9% | -34.3% | +1.6% | +3.5% | -10.5% | +2.1% | -11.1% | -37.0% | -21.7% | -24.4% | |
| Interest Coverage | 8.08 | 9.87 | 7.44 | 11.10 | 1.48 | 13.79 | 2.31 | 11.22 | 10.90 | 10.56 | 15.48 | 19.84 | 14.62 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonPetróleo Brasileiro S.A. - Petrobras's current P/E is 7.1x. The average P/E over the last 3 quarters is 3.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Petróleo Brasileiro S.A. - Petrobras's current operating margin is 28.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Petróleo Brasileiro S.A. - Petrobras's business trajectory between earnings reports.