PBF

PBF Energy

Energy · fiscal year ending 2025-12-31

Through the investors’ lenses

0 of 4 cleared2 of 10 criteria

Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.

Warren Buffett 1/4

Measure	PBF	Checked against
Owner earnings	$-492.10m	positive	✗
Return on equity	-3.0%	US median 2.8%	✗
Debt to equity	0.40x	US median 0.57x	✓
Operating margin	-0.2%	US median 3.1%	✗

Passes 1 of 4. These are the measures Warren Buffett published, applied to PBF Energy’s own figures — their criteria, not their view of this company. What he looks at, and why →

Benjamin Graham 0/3

Measure	PBF	Checked against
Current ratio	1.21x	2.00x published	✗
Long-term debt to working capital	2.75x	1.00x published	✗
Positive earnings, ten years running	0 yrs	10 published	✗

Passes 0 of 3. These are the measures Benjamin Graham published, applied to PBF Energy’s own figures — their criteria, not their view of this company. What he looks at, and why →

Joel Greenblatt 0/1

Measure	PBF	Checked against
Return on capital employed	-0.7%	US median 5.1%	✗

Passes 0 of 1. These are the measures Joel Greenblatt published, applied to PBF Energy’s own figures — their criteria, not their view of this company. What he looks at, and why →

Peter Lynch 1/2

Measure	PBF	Checked against
Debt to equity	0.40x	US median 0.57x	✓
Net margin	-0.5%	US median 2.0%	✗

Passes 1 of 2. These are the measures Peter Lynch published, applied to PBF Energy’s own figures — their criteria, not their view of this company. What he looks at, and why →

Basis	Payout	Why
GAAP earnings	negative	why Lost $1.39 per share — no earnings to pay from.
Operating cash flow	negative	why Operations consumed $78.0m of cash.
Free cash flow	negative	why OCF fell $783m short of capex — the dividend was not funded from free cash flow.

Nothing is marked as applying, deliberately — no basis produces a ratio. Earnings, operating cash flow and free cash flow are all negative, so there is no denominator to divide the dividend by. That is not a gap in the data; it is the answer. The dividend was funded from something other than the money the business made this year — borrowing, cash on hand, or asset sales — and the filing will say which.

Coverage rating 74 / 100 — Adequate. ? Peer standing 44/50Direction 30/30Stability 0/20

Free cash flow payout, last 6 years

Fiscal year	Payout
2023-12-31	15.6%
2022-12-31	0.6%
2019-12-31	27.1%
2018-12-31	26.7%
2017-12-31	34.7%
2016-12-31	33.3%

Coverage worsened sharply this year, 0.6% to 15.6%, after no clear trend before it. One year is not a trend, but it is worth knowing which direction the last one moved.

88% of the 33 energy here pay out more — comfortable for the sector.

The arithmetic

GAAP earnings — dividends declared per share $1.09 ÷ diluted EPS $-1.39
Operating cash flow — dividends paid $126m ÷ operating cash flow $-78.0m
Free cash flow — dividends paid $126m ÷ (operating cash flow $-78.0m − capex $705m)

Where the figures came from

10-K filed 2026-02-12 · accession 0001534504-26-000010

Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.

Caveats on this company

DPS derived from dividends paid ($1.09); no per-share tag filed

Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.

Also on: rated adequate · when it files.

Who else looks like this

Every figure above is computed from PBF Energy’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.

Screen every company →

A subscription screens every company on this site at once, and turns a whole portfolio into one document — what that adds.