PBF Energy (MEX:PBF) Operating Income: MXN-4,417 Mil (TTM As of Mar. 2026)

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MEX:PBF PBF Energy Inc MEX:PBF
50 GF Score
Price MXN1,057.81
GF Value MXN584.58
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is PBF Energy Operating Income?

PBF Energy MEX:PBF +24.45% 50 Operating Income is MXN-4,417 Mil as of Mar. 2026. GuruFocus rates MEX:PBF with a GF Score™ of 50/100 and a GF Value™ of MXN584.58 (Significantly Overvalued). The stock has 7 warning signs investors should review.

PBF Energy's Operating Income for the three months ended in Mar. 2026 was MXN3,338 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-4,417 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PBF Energy's Operating Income for the three months ended in Mar. 2026 was MXN3,338 Mil. PBF Energy's Revenue for the three months ended in Mar. 2026 was MXN142,536 Mil. Therefore, PBF Energy's Operating Margin % for the quarter that ended in Mar. 2026 was 2.34%.

PBF Energy's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PBF Energy's annualized ROC % for the quarter that ended in Mar. 2026 was 6.02%. PBF Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.83%.


PBF Energy  (MEX:PBF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

PBF Energy's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=13351.412 * ( 1 - 22.55% )/( (162947.984 + 180631.752)/ 2 )
=10340.668594/171789.868
=6.02 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=234432.414 - 61979.221 - ( 9505.209 - max(0, 66068.315 - 80157.775+9505.209))
=162947.984

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=265416.098 - 75014.229 - ( 9770.117 - max(0, 80003.877 - 105154.084+9770.117))
=180631.752

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

PBF Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=21682.52/( ( (113030.782 + max(8124.172, 0)) + (117309.927 + max(19192.203, 0)) )/ 2 )
=21682.52/( ( 121154.954 + 136502.13 )/ 2 )
=21682.52/128828.542
=16.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21007.25 + 46150.41 + 3494.906) - (61979.221 + 374.519 + 174.65400000001)
=8124.172

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34927.537 + 55508.257 + 4948.173) - (75014.229 + 995.405 + 182.12999999999)
=19192.203

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

PBF Energy's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3337.853/142535.871
=2.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


PBF Energy Operating Income Related Terms


PBF Energy Operating Income Historical Data

* Premium members only.

The historical data trend for PBF Energy's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PBF Energy Operating Income Chart

PBF Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,854.07 81,929.99 34,366.06 -13,468.61 -16,523.83

PBF Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10,110.44 -2,671.86 -704.42 -4,378.99 3,337.85
MEX:PBF
50GF Score
PBF Energy Inc MEX:PBF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PBF Energy Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-4,417 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN-4,417 Mil mean?
PBF Energy (MEX:PBF) has a Operating Income of MXN-4,417 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PBF Energy and its competitors.
Is PBF Energy's Operating Income too high?
PBF Energy's current Operating Income is MXN-4,417 Mil. Overall, PBF Energy has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PBF Energy's Operating Income compare to IEP and DK?
PBF Energy's Operating Income of MXN-4,417 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Oil & Gas company?
A good Operating Income depends on the Oil & Gas industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PBF Energy and its competitors. PBF Energy's current Operating Income is MXN-4,417 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBF Energy stock overvalued right now?
Based on GuruFocus' analysis, PBF Energy (MEX:PBF) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN584.58, compared to a current price of MXN1,057.81 — trading 81% above its estimated fair value. The current Operating Income is MXN-4,417 Mil. PBF Energy's overall GF Score™ is 50/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For PBF Energy (MEX:PBF), the current Operating Income is MXN-4,417 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PBF Energy (MEX:PBF) Overvalued in 2026?

Based on GuruFocus' analysis, PBF Energy stock appears to be overvalued. The current stock price of MXN1,057.81 is trading 81% above its estimated GF Value™ of MXN584.58. GuruFocus considers PBF Energy to be Significantly Overvalued.

Key valuation signals for MEX:PBF:

  • Operating Income: MXN-4,417 Mil
  • GF Value™: MXN584.58 vs. price of MXN1,057.81 (81% above fair value)
  • GF Score™: 50/100 with 7 warning signs

No single metric tells the full story. See the MEX:PBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PBF Energy Business Description

Industry EnergyOil & Gas
Other Exchanges PBF:USA0KE0:UKPEN:Germany
Address One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines, and storage facilities. The Logistics segment consists solely of PBFX's operations.
50GF Score

Get the complete analysis for MEX:PBF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,057.81
Price
MXN584.58
GF Value