YPF Sociedad Anónima (YPF) financials

NYSE · Energy · Oil & Gas Integrated · 21,594 employees · CEO Horacio Daniel Marin

Price: $47.00 -1.69%
Market cap: $18.4B
Enterprise value: ARS 44.3T
Last report: Q3 '26 filed 2026-10-28
Next report: 2027-02-25

Revenue (TTM)ARS 32.5T+182.9% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)23.8%+15.7 pp vs a year agoOperating income ARS 7.74T

Net income (TTM)ARS 3.09T+611.4% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)–– vs a year agoCapex –

Diluted EPS (TTM)ARS 7,914.91+653.0% vs a year agoSum of the last 4 quarters

Net cash-ARS 11.2T+23.1% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $18.4B
Revenue: ARS 32.5T
Revenue growth: +29%
Profit margin: 9.5%
P/E: 21.7×
P/S: 1.3×
EV / EBITDA: 5.2×
Free cash flow: –
Net income: ARS 3.09T
Revenue estimate: ARS 34.2T
Earnings: 2027-02-25
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Revenue growth slowing: 47.4% year on yearQ3 '26 revenue ARS 9.77T, against an average of 87,156.4% over the four quarters before.
Operating margin 23.8% (TTM), +15.7 pp on a year agoOperating income grew 725.8% while revenue grew 182.9%.
14.5% of pre-tax profit is eaten by non-operating lossesPre-tax income ARS 6.75T vs operating income ARS 7.74T (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
Diluted share count up 1.3% in a year394M diluted shares in Q3 '26, 389M a year earlier.
Net debt ARS 11.2TCash + short-term investments ARS 5.57T, debt incl. leases ARS 16.8T; a year ago net debt ARS 14.6T.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	ARS 9.77T	ARS 6.63T	+47.4%
Gross margin	41.7%	28.5%	+13.2 pp
Operating income	ARS 2.86T	ARS 795B	+259.9%
Operating margin	29.3%	12.0%	+17.3 pp
Net income	ARS 1.76T	-ARS 294B	+698.2%
Diluted EPS	ARS 4,468.80	-ARS 756.57	+690.7%
Operating cash flow	–	ARS 1.23B	–
Capex	–	ARS 1.15B	–
Free cash flow	–	ARS 77M	–
R&D	ARS 0	ARS 11.1M	-100.0%
Stock-based compensation	–	ARS 4M	–

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Free cash flow: –
Returned to shareholders / FCF: –

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	21.7×	2.0× 3 of 5 years	0.0× – 5.9×
EV / EBITDA	5.2×	2.8×	0.1× – 5.6×
EV / Sales	1.9×	0.5×	0.0× – 1.0×
Price / FCF	10.0×	16.5× 4 of 5 years	0.9× – 34.9×
Price / Book	1.5×	0.0×	0.0× – 0.2×
FCF yield	10.0%	-207.6%	-1,208.1% – 116.8%
Return on invested capital	3.9%	16.5%	-9.3% – 84.4%
Return on equity	8.0%	0.8%	-24.3% – 17.3%

Analysts

Consensus target $56.67 (+20.6%)
range $55.00 – $60.00 · rating Buy

Strong buy0

Buy7

Hold6

Sell2

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	ARS 34.2T	+28.8%	ARS 11,565.25	+477.8%	–	1
FY2027	ARS 32.5T	-5.0%	ARS 10,678.89	-7.7%	–	3
FY2028	ARS 32.4T	-0.2%	ARS 10,568.28	-1.0%	–	1
FY2029	ARS 35.4T	+9.3%	ARS 4,420.33	-58.2%	–	1
FY2030	ARS 37.5T	+6.0%	ARS 6,752.43	+52.8%	–	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in ARS as reported; price and market cap in USD.