Petróleo Brasileiro S.A. - Petrobras

PBRNYSEEnergy● Active

$17.75

$-0.31(-1.72%)

Market Cap$114.4B

P/E Ratio—

52W High$22.24

52W Low$11.04

Avg Volume26.7M

Open$17.93

Beta-0.16

Free Cash Flow Financials Revenue

Petróleo Brasileiro S.A. - Petrobras (PBR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PBR · free cash flow · updated Jun 8, 2026

Core FCF metrics

PBR · FCF · TTM · margin & CAGR

Free cash flow was $16.72B for FY2025 (fiscal year ending 2025-12-31), down 28.4% year-over-year The FCF margin was 18.4%. Five-year CAGR stands at -6.2%.

FY2025 Free Cash Flow$16.72B▼ -28.4% YoY

Trailing 12M (TTM)$14.87Btrailing 4 quarters sum

FCF Margin18.4%$16.72B ÷ revenue

3-Year CAGR-25.3%FY2022 → FY2025

5-Year CAGR-6.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PBR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$36.56B(19.84B)$16.72B▼ 28.4%18.4%

FY2024$37.98B(14.64B)$23.34B▼ 24.9%25.5%

FY2023$43.21B(12.11B)$31.10B▼ 22.5%29.5%

FY2022$49.72B(9.58B)$40.14B▲ +27.6%32.2%

FY2021$37.79B(6.33B)$31.47B▲ +36.7%37.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PBR · P/FCF · FCF yield · FCF per share

Petróleo Brasileiro S.A. - Petrobras (PBR) trades at a FCF yield of 14.47% and a price-to-free-cash-flow ratio of 7.7x. FCF per share stands at $2.31, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

14.47%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.31

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PBR · cash flow statement · operating / investing / financing

For FY2025, Petróleo Brasileiro S.A. - Petrobras generated $36.56B in operating cash flow and spent 19.84B in capital expenditures, yielding $16.72B in free cash flow.

Operating Activities

+$36.56B

Cash from core business operations

2025-12-31

Investing Activities

−$15.72B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$17.73B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($36.56B) − |CapEx| (19.84B) = FCF ($16.72B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

PBR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Petróleo Brasileiro S.A. - PetrobrasYOU

PBR

$16.72B-28.4%18.4%

71%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Petróleo Brasileiro S.A. - Petrobras (PBR) reported free cash flow of $16.72B for FY2025 (fiscal year ending 2025-12-31), down 28.4% year-over-year. The FCF margin was 18.4%.

Based on available data, Petróleo Brasileiro S.A. - Petrobras has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $40.14B in FY2022. The 5-year CAGR stands at -6.2%.

Petróleo Brasileiro S.A. - Petrobras's FCF yield is 14.47% and price-to-FCF ratio is 7.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PBR free cash flow · 8 questions

Petróleo Brasileiro S.A. - Petrobras free cash flow was $16.72B for FY2025, down 28.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $14.87B.

PBR free cash flowPBR FCFPBR FCF 2025PBR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Petróleo Brasileiro S.A. - Petrobras · Petróleo Brasileiro S.A. - Petrobras SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026