YPF Sociedad Anonima (YPF) financial statements
YPF Sociedad Anonima reported revenue of $18.4B in fiscal 2025, up 13.7% a year over 5 years.
Net income was -$826M and the operating margin 9.4%, against -8.3% in 2020.
Free cash flow was -$118M, and the company returned $10M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from YPF Sociedad Anonima's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $9.7B | $13.7B | $18.8B | $17.3B | $19.3B | $18.4B |
| Cost of revenue | $8.7B | $10.6B | $13.7B | $13.9B | $13.9B | $13.3B |
| Gross profit | $1.0B | $3.1B | $5.1B | $3.5B | $5.4B | $5.1B |
| Research and development | $22M | $19M | $27M | $23M | $40M | $28M |
| Selling, general and admin | $1.8B | $2.0B | $2.6B | $2.5B | $3.0B | $2.9B |
| Operating income | -$804M | $699M | $2.5B | -$1.2B | $1.5B | $1.7B |
| Interest expense | $915M | $749M | $668M | $686M | $670M | $677M |
| Pre-tax income | -$837M | $715M | $3.1B | -$1.7B | $1.0B | $910M |
| Income tax | $184M | $699M | $822M | -$381M | -$1.4B | $1.7B |
| Net income | -$1.0B | $26M | $2.2B | -$1.3B | $2.3B | -$826M |
| EPS (diluted) | — | $0.07 | $5.67 | -$3.35 | $5.99 | -$2.11 |
| Diluted shares | 393M | 393M | 393M | 392M | 392M | 392M |
| Gross margin | 10.6% | 22.3% | 27.0% | 20.0% | 27.9% | 27.6% |
| Operating margin | -8.3% | 5.1% | 13.2% | -7.2% | 7.7% | 9.4% |
| Net margin | -10.4% | 0.2% | 11.9% | -7.6% | 12.2% | -4.5% |
Balance sheet
Fiscal years, from YPF Sociedad Anonima's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $650M | $611M | $773M | $1.1B | $1.1B | $933M |
| Receivables | $1.3B | $1.3B | $1.5B | $973M | $1.6B | $1.7B |
| Inventory | $1.2B | $1.5B | $1.7B | $1.7B | $1.5B | $1.4B |
| Total current assets | $3.9B | $4.5B | $5.1B | $4.4B | $6.8B | $6.5B |
| Property, plant and equipment | $16.4B | $16.0B | $17.5B | $17.7B | $18.7B | $19.1B |
| Total assets | $22.9B | $23.3B | $25.9B | $25.0B | $29.4B | $29.4B |
| Total current liabilities | $4.4B | $3.8B | $4.8B | $4.9B | $8.7B | $7.4B |
| Long-term debt | $6.3B | $6.5B | $5.9B | $6.7B | $7.0B | $8.2B |
| Total liabilities | $14.8B | $15.0B | $15.4B | $16.0B | $17.5B | $18.4B |
| Shareholders' equity | $8.1B | $8.2B | $10.5B | $8.9B | $11.7B | $10.8B |
| Net debt | $7.4B | $6.8B | $6.3B | $7.1B | $7.8B | $9.6B |
Cash flow
Fiscal years, from YPF Sociedad Anonima's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $2.9B | $4.2B | $5.7B | $5.9B | $5.9B | $5.0B |
| Capital spending | $1.6B | $2.4B | $4.0B | $5.7B | $5.4B | $5.1B |
| Free cash flow | $1.3B | $1.8B | $1.7B | $240M | $477M | -$118M |
| Stock-based compensation | $7M | $6M | $8M | $3M | $7M | $15M |
| Share buybacks (net) | -$6M | $0 | -$28M | $0 | $0 | -$10M |
| Net borrowing | -$480M | -$690M | -$378M | $1.3B | $865M | $1.6B |
| Free cash flow margin | 13.1% | 12.8% | 9.0% | 1.4% | 2.5% | -0.6% |
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Open YPF in InvestinglyQuestions
What was YPF Sociedad Anonima's revenue in 2025?
$18.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does YPF Sociedad Anonima generate?
-$118M in fiscal 2025 (operating cash flow minus capital spending).
From YPF Sociedad Anonima's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.