PBR
Petróleo Brasileiro S.A. - Petrobras
PBR lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
PBR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Healthy |
PBR's revenue, profitability, cash flow and balance sheet are all currently healthy.
PBR PE Valuation
PBR has no meaningful PE right now: it lost money over the past year.
PBR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect PBR's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
PBR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $3.97 | +89% |
| Q1 2026 | $3.07 | +134% |
| Q4 2025 | $3.03 | +168% |
PBR earned $3.97 per share over the past year, up 89% from the year before.
PBR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $33.6B | +60% |
| Q1 2026 | $23.5B | +12% |
| Q4 2025 | $23.6B | +13% |
| Q3 2025 | $23.5B | +0.5% |
| Q2 2025 | $21B | -10% |
| Q1 2025 | $21.1B | -11% |
| Q4 2024 | $20.8B | -23% |
| Q3 2024 | $23.4B | -8.6% |
PBR's revenue has grown year over year for four quarters in a row: $33.6B last quarter, up 60% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 42% | +16 points |
| Q1 2026 | 31% | -3.7 points |
| Q4 2025 | 31% | +24 points |
| Q3 2025 | 33% | -4.8 points |
| Q2 2025 | 26% | -0.9 points |
| Q1 2025 | 35% | -2.8 points |
| Q4 2024 | 6.1% | -28 points |
| Q3 2024 | 38% | -1.4 points |
PBR's operating margin was 42% last quarter, up 16 points from the same quarter a year ago.
PBR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $7.3B | +111% |
| Q1 2026 | $3.3B | -28% |
| Q4 2025 | $3.2B | -15% |
| Q3 2025 | $5B | -28% |
| Q2 2025 | $3.4B | -44% |
| Q1 2025 | $4.5B | -31% |
| Q4 2024 | $3.8B | -53% |
| Q3 2024 | $6.9B | -18% |
PBR still generates free cash flow, though less than at its 2022 peak: $18.7B over the past year.
PBR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7.3M shares |
| 1 year | -0.1% | -7.3M shares |
| 3 years | -1.3% | -85.1M shares |
| 5 years | -1.3% | -85.1M shares |
PBR has 6.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $4.9M |
| Q3 2024 | — |
PBR hasn't bought back shares in the past year.
PBR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.5x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 2.3x | Moderate |
| Q3 2024 | 1.4x | Healthy |
PBR's net debt is about 1.2 years of its operating earnings (EBITDA), down from 1.8 years a year ago.
PBR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.1 | Neutral |
| Stochastic | 22.8 | Neutral |
PBR's weekly RSI is 44 (neutral) and its Stochastic is 23 (neutral).
PBR PE vs Energy Sector
PBR has no meaningful PE right now: it lost money over the past year.
PBR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.3 | 19% below |
| 20 week MA | $20.2 | 10% below |
| 50 week MA | $18.2 | 0.4% below |
| 100 week MA | $15.4 | 17% above |
| 200 week MA | $14.8 | 22% above |
PBR has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 22% above its 200-week average.
PBR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.9 | $11.0 | -31% |
| 2021 | $11.0 | $10.8 | -1.6% |
| 2022 | $10.8 | $11.1 | +2.8% |
| 2023 | $11.1 | $16.0 | +44% |
| 2024 | $16.0 | $12.6 | -21% |
| 2025 | $12.6 | $11.6 | -8.4% |
| 2026 YTD | $11.6 | $18.1 | +57% |
PBR is up 57% so far in 2026, after finishing lower in four of the previous six years.