Pampa Energia Financials

PAM

Source SEC Filings (10-K/10-Q) Updated Apr 9, 2026 Currency USD FYE April

This page shows Pampa Energia (PAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 41/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Pampa Energia's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Pampa Energia's revenue grew 6.5% year-over-year to $2.0B, a solid pace of expansion. This earns a growth score of 46/100.

Leverage

Pampa Energia carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Pampa Energia's current ratio of 3.11 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Pampa Energia generated $778.0M in operating cash flow, capex of $993.0M consumed most of it, leaving -$215.0M in free cash flow. This results in a low score of 6/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Pampa Energia's ROE of 10.5% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 18.8% the prior year.

Piotroski F-Score Strong

7/9

Pampa Energia passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.06x

For every $1 of reported earnings, Pampa Energia generates $2.06 in operating cash flow ($778.0M OCF vs $378.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.0B

YoY+6.5%

5Y CAGR+13.2%

Pampa Energia generated $2.0B in revenue in fiscal year 2025. This represents an increase of 6.5% from the prior year.

EBITDA

N/A

Net Income

$378.0M

YoY-38.9%

Pampa Energia reported $378.0M in net income in fiscal year 2025. This represents a decrease of 38.9% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$215.0M

YoY-1691.7%

Pampa Energia generated -$215.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 1691.7% from the prior year.

Cash & Debt

$725.0M

YoY-1.8%

5Y CAGR+38.7%

Pampa Energia held $725.0M in cash against $1.8B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

1.36B

YoY-0.0%

5Y CAGR-1.3%

Pampa Energia had 1.36B shares outstanding in fiscal year 2025. This represents a decrease of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

18.9%

YoY-14.1pp

5Y CAGR+62.5pp

Pampa Energia's net profit margin was 18.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 14.1 percentage points from the prior year.

Return on Equity

10.5%

YoY-8.3pp

5Y CAGR+37.0pp

Pampa Energia's ROE was 10.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$993.0M

YoY+122.1%

5Y CAGR+51.6%

Pampa Energia invested $993.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 122.1% from the prior year.

PAM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.0B+6.5%	$1.9B+8.3%	$1.7B-5.3%	$1.8B+21.3%	$1.5B+40.5%	$1.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$79.0M+36.2%	$58.0M-70.9%	$199.0M+498.0%	-$50.0M+73.5%	-$189.0M-125.0%	-$84.0M
Income Tax	$204.0M+268.6%	-$121.0M-138.1%	$318.0M+156.5%	$124.0M+61.0%	$77.0M+120.0%	$35.0M
Net Income	$378.0M-38.9%	$619.0M+103.0%	$305.0M-33.3%	$457.0M+92.0%	$238.0M+150.9%	-$468.0M
EPS (Diluted)	N/A	N/A	$0.22-33.3%	$0.33+50.0%	$0.22	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PAM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.6B+3.9%	$6.3B+34.4%	$4.7B-0.4%	$4.7B+22.8%	$3.9B-21.0%	$4.9B
Current Assets	$2.0B-16.5%	$2.4B+78.1%	$1.3B-0.5%	$1.3B+19.4%	$1.1B+18.7%	$948.0M
Cash & Equivalents	$725.0M-1.8%	$738.0M+331.6%	$171.0M+61.3%	$106.0M-3.6%	$110.0M-22.0%	$141.0M
Inventory	$231.0M+3.6%	$223.0M+8.8%	$205.0M+18.5%	$173.0M+11.6%	$155.0M+33.6%	$116.0M
Accounts Receivable	$1.0M	N/A	N/A	N/A	N/A	$341.0M
Goodwill	$89.0M-6.3%	$95.0M-1.0%	$96.0M-30.4%	$138.0M+263.2%	$38.0M-7.3%	$41.0M
Total Liabilities	$3.0B-2.0%	$3.0B+32.1%	$2.3B-6.1%	$2.5B+18.7%	$2.1B-33.7%	$3.1B
Current Liabilities	$639.0M-50.9%	$1.3B+149.9%	$521.0M-17.4%	$631.0M+84.5%	$342.0M-23.7%	$448.0M
Long-Term Debt	$1.8B-12.2%	$2.1B+43.6%	$1.4B-10.2%	$1.6B+12.2%	$1.4B+14280.0%	$10.0M
Total Equity	$3.6B+9.4%	$3.3B+36.6%	$2.4B+5.6%	$2.3B+27.5%	$1.8B+1.2%	$1.8B
Retained Earnings	$351.0M-52.7%	$742.0M+232.7%	$223.0M-53.2%	$477.0M+61.7%	$295.0M+179.3%	-$372.0M

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Total Assets	$6.3B+34.4%	$4.7B-0.4%	$4.7B+22.8%	$3.9B-21.0%	$4.9B-14.0%	$5.7B+0.2%	$5.7B+0.3%	$5.7B
Current Assets	$2.4B+78.1%	$1.3B-0.5%	$1.3B+19.4%	$1.1B+18.7%	$948.0M-30.4%	$1.4B-10.5%	$1.5B	N/A
Cash & Equivalents	$738.0M+331.6%	$171.0M+61.3%	$106.0M-3.6%	$110.0M-22.0%	$141.0M-37.3%	$225.0M-6.6%	$241.0M+677.4%	$31.0M
Inventory	$223.0M+8.8%	$205.0M+18.5%	$173.0M+11.6%	$155.0M+33.6%	$116.0M-24.2%	$153.0M+11.7%	$137.0M+21.2%	$113.0M
Accounts Receivable	N/A	N/A	N/A	N/A	$341.0M-39.2%	$561.0M-20.2%	$703.0M	N/A
Goodwill	$95.0M-1.0%	$96.0M-30.4%	$138.0M+263.2%	$38.0M-7.3%	$41.0M-72.8%	$151.0M-6.2%	$161.0M	N/A
Total Liabilities	$3.0B+32.1%	$2.3B-6.1%	$2.5B+18.7%	$2.1B-33.7%	$3.1B-4.7%	$3.3B-15.5%	$3.9B+5.2%	$3.7B
Current Liabilities	$1.3B+149.9%	$521.0M-17.4%	$631.0M+84.5%	$342.0M-23.7%	$448.0M-47.5%	$854.0M-27.7%	$1.2B	N/A
Long-Term Debt	$2.1B+43.6%	$1.4B-10.2%	$1.6B+12.2%	$1.4B+14280.0%	$10.0M-16.7%	$12.0M-99.4%	$2.2B+29.4%	$1.7B
Total Equity	$3.3B+36.6%	$2.4B+5.6%	$2.3B+27.5%	$1.8B+1.2%	$1.8B-26.6%	$2.4B+34.2%	$1.8B-8.8%	$2.0B
Retained Earnings	$742.0M+232.7%	$223.0M-53.2%	$477.0M+61.7%	$295.0M+179.3%	-$372.0M-151.2%	$726.0M+80.1%	$403.0M	N/A

PAM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$778.0M+78.9%	$435.0M-24.3%	$575.0M-7.1%	$619.0M-15.1%	$729.0M+5.2%	$693.0M
Capital Expenditures	$993.0M+122.1%	$447.0M-41.0%	$758.0M+82.2%	$416.0M+101.9%	$206.0M+66.1%	$124.0M
Free Cash Flow	-$215.0M-1691.7%	-$12.0M+93.4%	-$183.0M-190.1%	$203.0M-61.2%	$523.0M-8.1%	$569.0M
Investing Cash Flow	-$401.0M-16.6%	-$344.0M+22.9%	-$446.0M+22.4%	-$575.0M-21.3%	-$474.0M-85.9%	-$255.0M
Financing Cash Flow	-$390.0M-181.9%	$476.0M+935.1%	-$57.0M-23.9%	-$46.0M+86.5%	-$342.0M+23.1%	-$445.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	-$39.0M+62.5%	-$104.0M

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PAM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	18.9%-14.1pp	33.0%+15.4pp	17.6%-7.4pp	25.0%+9.2pp	15.8%+59.4pp	-43.6%
Return on Equity	10.5%-8.3pp	18.8%+6.2pp	12.6%-7.4pp	20.0%+6.7pp	13.3%+39.8pp	-26.5%
Return on Assets	5.7%-4.0pp	9.8%+3.3pp	6.5%-3.2pp	9.6%+3.5pp	6.2%+15.7pp	-9.6%
Current Ratio	3.11+1.3	1.83-0.7	2.56+0.4	2.13-1.2	3.29+1.2	2.12
Debt-to-Equity	0.51-0.1	0.63+0.0	0.60-0.1	0.71-0.1	0.80+0.8	0.01
FCF Margin	-10.8%-10.1pp	-0.6%+9.9pp	-10.6%-21.7pp	11.1%-23.6pp	34.7%-18.4pp	53.0%

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.83-0.7	2.56+0.4	2.13-1.2	3.29+1.2	2.12+0.5	1.59+0.3	1.29	N/A
Debt-to-Equity	0.63+0.0	0.60-0.1	0.71-0.1	0.80+0.8	0.010.0	0.01-1.2	1.21+0.4	0.85
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Pampa Energia's annual revenue?

Pampa Energia (PAM) reported $2.0B in total revenue for fiscal year 2025. This represents a 6.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Pampa Energia's revenue growing?

Pampa Energia (PAM) revenue grew by 6.5% year-over-year, from $1.9B to $2.0B in fiscal year 2025.

Is Pampa Energia profitable?

Yes, Pampa Energia (PAM) reported a net income of $378.0M in fiscal year 2025, with a net profit margin of 18.9%.

How much debt does Pampa Energia have?

As of fiscal year 2025, Pampa Energia (PAM) had $725.0M in cash and equivalents against $1.8B in long-term debt.

What is Pampa Energia's net profit margin?

Pampa Energia (PAM) had a net profit margin of 18.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Pampa Energia's return on equity (ROE)?

Pampa Energia (PAM) has a return on equity of 10.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Pampa Energia's free cash flow?

Pampa Energia (PAM) generated -$215.0M in free cash flow during fiscal year 2025. This represents a -1691.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Pampa Energia's operating cash flow?

Pampa Energia (PAM) generated $778.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Pampa Energia's total assets?

Pampa Energia (PAM) had $6.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Pampa Energia's capital expenditures?

Pampa Energia (PAM) invested $993.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Pampa Energia have outstanding?

Pampa Energia (PAM) had 1.36B shares outstanding as of fiscal year 2025.

What is Pampa Energia's current ratio?

Pampa Energia (PAM) had a current ratio of 3.11 as of fiscal year 2025, which is generally considered healthy.

What is Pampa Energia's debt-to-equity ratio?

Pampa Energia (PAM) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Pampa Energia's return on assets (ROA)?

Pampa Energia (PAM) had a return on assets of 5.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Pampa Energia's Piotroski F-Score?

Pampa Energia (PAM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Pampa Energia's earnings high quality?

Pampa Energia (PAM) has an earnings quality ratio of 2.06x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Pampa Energia?

Pampa Energia (PAM) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.