YPF

MKT CAP:$17B

YPF Sociedad Anónima

Market Cap

$17B

Energy·Oil & Gas Integrated·🇦🇷 Argentina·NYSE

Energy·Oil & Gas Integrated·🇦🇷·NYSE

Stock Price

$42.52+$6.23 (+17.18%)

Apr 24, 2026

Company Details

YPF Sociedad Anónima, an energy company, engages in the oil and gas upstream and downstream activities in Argentina. The company's upstream operations include the exploration, development, and production of crude oil, natural gas, and NGLs....

CEO

Horacio Daniel Marin

IPO Date

Jun 29, 1993

Website

www.ypf.com

Key Metrics TTM

Revenue

$11.0B

+450.8% YoY

Net Income

$548M

EPS (Diluted)

$2.05

Free Cash Flow

-$207M

Revenue / Share

$27.95

Gross Margin

28.1%

Operating Margin

2.3%

Net Margin

5.0%

FCF Margin

-1.9%

P/S

1.5x

P/E

30.6x

Earnings Reports

Q4 2024

May 6, 2026

PENDING

Q3 2024

Sep 30, 2024

$3.6BEPS $2.62

Q2 2024

Jun 28, 2024

$3.2BEPS $0.87

Q1 2024

Mar 30, 2024

$2.6B+339.1%EPS $1.03

Q4 2023

Dec 29, 2023

$1.6B+173.9%EPS -$2.46

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 16	$40M	$6M	-$25M
Q4 17	$50M	$7M	$4M
Q3 18	$87M	$18M	$9M
Q1 19	$94M	$20M	$8M
Q2 20	$96M	-$10M	-$67M
Q3 20	$125M	$8M	-$17M
Q4 21	$296M	$78M	-$14M
Q3 22	$535M	$155M	$69M
Q4 22	$567M	$106M	$44M
Q1 23	$591M	$127M	$40M
Q4 23	$1.6B	$271M	-$988M
Q1 24	$2.6B	$773M	$384M
Q2 24	$3.2B	$933M	$360M
Q3 24	$3.6B	$1.1B	$500M

Valuation

Quarter	P/S	P/E
Q3 16	—	—
Q4 17	—	—
Q3 18	—	—
Q1 19	61.5x	—
Q2 20	51.0x	—
Q3 20	41.5x	—
Q4 21	27.3x	—
Q3 22	15.9x	—
Q4 22	11.0x	146.3x
Q1 23	8.4x	91.9x
Q4 23	5.2x	—
Q1 24	3.2x	—
Q2 24	2.1x	—
Q3 24	1.5x	30.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 16	$12M	$2M
Q4 17	$15M	$4M
Q3 18	$23M	$6M
Q1 19	$31M	$9M
Q2 20	$24M	$10M
Q3 20	$35M	$25M
Q4 21	$77M	$22M
Q3 22	$155M	$52M
Q4 22	$153M	$2M
Q1 23	$213M	$35M
Q4 23	$455M	$42M
Q1 24	$666M	-$159M
Q2 24	$842M	-$37M
Q3 24	$944M	-$53M

Capital Expenditures

Quarter	CapEx
Q3 16	$10M
Q4 17	$11M
Q3 18	$17M
Q1 19	$22M
Q2 20	$14M
Q3 20	$10M
Q4 21	$55M
Q3 22	$103M
Q4 22	$151M
Q1 23	$178M
Q4 23	$413M
Q1 24	$825M
Q2 24	$879M
Q3 24	$997M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	+139.1%	+151.0%
Q3 20	+149.2%	+205.1%
Q4 21	+239.4%	+297.0%
Q3 22	+467.2%	+438.0%
Q4 22	+488.9%	+219.4%
Q1 23	+372.9%	+288.6%
Q4 23	+423.6%	+718.3%
Q1 24	+385.1%	+374.4%
Q2 24	+458.2%	+436.4%
Q3 24	+516.7%	+470.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 16	$36.8K	0.1%
Q4 17	$33.1K	0.1%
Q3 18	$57.6K	0.1%
Q1 19	$74.2K	0.1%
Q2 20	$110.3K	0.1%
Q3 20	$49.0K	0.0%
Q4 21	$36.0K	0.0%
Q3 22	$334.4K	0.1%
Q4 22	$3.0K	0.0%
Q1 23	$2.5K	0.0%
Q4 23	-$5.7K	-0.0%
Q1 24	$721	0.0%
Q2 24	$721	0.0%
Q3 24	$3M	0.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 16	$122.5K	$1M	$3M
Q4 17	$103.0K	$2M	$3M
Q3 18	$105.2K	$3M	$5M
Q1 19	$140.5K	$3M	$7M
Q2 20	$334.4K	$5M	$17M
Q3 20	$444.6K	$7M	$12M
Q4 21	$174.4K	$8M	$30M
Q3 22	$2M	$18M	$55M
Q4 22	$144.8K	$19M	$55M
Q1 23	$1M	$19M	$35M
Q4 23	$6M	$76M	$101M
Q1 24	$9M	$77M	$173M
Q2 24	$17M	$137M	$371M
Q3 24	$11M	$156M	$379M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$64M	$43M	$106M
Q2 22	$60M	$52M	$112M
Q3 22	$88M	$53M	$142M
Q4 22	$99M	$41M	$139M
Q1 23	$153M	$42M	$195M
Q2 23	$216M	$56M	$272M
Q3 23	$326M	$46M	$372M
Q4 23	$581M	$137M	$717M
Q1 24	$809M	$179M	$988M
Q2 24	$683M	$232M	$915M
Q3 24	$614M	$223M	$836M
Q4 24	$830M	$289M	$1.1B
Q1 25	$729M	$227M	$956M
Q2 25	$687M	$210M	$897M
Q3 25	$822M	$223M	$1.0B
Q4 25	$933M	$262M	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 16	392M	—	—
Q4 17	393M	+0.2%	—
Q3 18	394M	+0.4%	—
Q1 19	392M	-0.4%	—
Q2 20	392M	+0.0%	+0.2%
Q3 20	393M	+0.1%	+0.0%
Q4 21	393M	-0.0%	-0.4%
Q3 22	393M	+0.1%	+0.2%
Q4 22	392M	-0.4%	-0.2%
Q1 23	392M	+0.1%	-0.2%
Q4 23	391M	-0.3%	-0.5%
Q1 24	391M	+0.1%	-0.6%
Q2 24	393M	+0.6%	+0.4%
Q3 24	392M	-0.3%	+0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 16	$1.8K	22K
Q4 17	$2.6K	19K
Q3 18	$4.6K	19K
Q1 19	$4.4K	21K
Q2 20	$4.2K	23K
Q3 20	$5.5K	23K
Q4 21	$13.9K	21K
Q3 22	$25.1K	21K
Q4 22	$24.3K	23K
Q1 23	$25.4K	23K
Q4 23	$71.9K	22K
Q1 24	$120.2K	22K
Q2 24	$146.5K	22K
Q3 24	$168.8K	22K

Revenue / Employee