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PETR3 · B3 · Brazil · Petróleo e Gás
In shortPetrobras is profitable, generates cash and carries moderate debt, with revenue stable (+1.4% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 29.3% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 22.1% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 28.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 13.4% | 89/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.71× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.92× | 60/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.45× | 73/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 43.93× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.45 | 9/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 18.4% | 94/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.83× | 66/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 35.8% | 0/100 |
| Operating margin volatility | 8.8% | 29/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -8.1% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -16.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
BRL millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 452,668 | 641,256 | 511,994 | 490,829 | 497,549 |
| Cost of revenue | 233,031 | 307,156 | 242,061 | 244,367 | 260,551 |
| Gross profit | 219,637 | 334,100 | 269,933 | 246,462 | 236,998 |
| Selling, general & admin | 29,146 | 32,325 | 33,115 | 36,065 | 39,756 |
| Operating income | 210,831 | 294,255 | 189,342 | 137,201 | 145,628 |
| Interest expense | 63,714 | 28,677 | 22,682 | 92,959 | 3,315 |
| Pre-tax income | 151,575 | 274,998 | 177,481 | 54,730 | 150,599 |
| Income tax | 44,311 | 85,993 | 52,315 | 17,721 | 39,994 |
| Net income | 106,668 | 188,328 | 124,606 | 36,606 | 110,129 |
| Diluted EPS | BRL8.18 | BRL14.44 | BRL9.57 | BRL2.84 | BRL8.54 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
1.45 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: CVM (dados.cvm.gov.br). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 5, 2026