YPF financial statements

The full income statement, balance sheet, and cash-flow statement for YPF Sociedad Anonima American Depositary Shares (YPF), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2017-12 393.3M2018-12 393.3M2019-12 393.3M2020-12 393.3M2021-12 393.3M2022-12 393.3M2023-12 393.3M2024-12 393.3M2025-12 393.3M+0.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	18.4B YoY-4.4%	19.3B YoY+11.4%	17.3B YoY-7.7%	18.8B YoY+37.1%	13.7B YoY+41.2%
	5.10B YoY-5.3%	5.38B YoY+55.7%	3.46B YoY-31.8%	5.07B YoY+66.2%	3.05B YoY+197.3%
Cost of revenue	13.3B YoY-4.0%	13.9B YoY+0.4%	13.9B YoY+1.2%	13.7B YoY+28.7%	10.6B YoY+22.7%
Research & development	28.0M YoY-30.0%	40.0M YoY+73.9%	23.0M YoY-14.8%	27.0M YoY+42.1%	19.0M YoY-13.6%
Operating income	1.74B YoY+17.6%	1.48B YoY+218.6%	-1.25B YoY-150.3%	2.48B YoY+255.1%	699M YoY+186.9%
Interest expense	1.09B YoY-7.0%	1.17B YoY+1.7%	1.15B YoY+16.3%	988M YoY-29.8%	1.41B YoY-28.4%
Pre-tax income	910M YoY-10.8%	1.02B YoY+161.5%	-1.66B YoY-154.3%	3.06B YoY+327.4%	715M YoY+185.4%
Income tax	1.71B YoY+224.5%	-1.37B YoY-260.4%	-381M YoY-146.4%	822M YoY+17.6%	699M YoY+279.9%
	-799M YoY-133.4%	2.39B YoY+287.4%	-1.28B YoY-157.2%	2.23B YoY+13862.5%	16.0M YoY+101.6%
Net income to common	-826M YoY-135.2%	2.35B YoY+279.0%	-1.31B YoY-158.9%	2.23B YoY+8469.2%	26.0M YoY+102.6%
	-$2.11 YoY-135.2%	$5.99 YoY+278.8%	-$3.35 YoY-159.1%	$5.67 YoY+8000.0%	$0.07
EPS (basic)	-$2.11 YoY-135.2%	$5.99 YoY+278.8%	-$3.35 YoY-159.1%	$5.67 YoY+8000.0%	$0.07
	392M YoY-0.0%	392M YoY+0.1%	392M YoY-0.3%	393M YoY-0.0%	393M YoY+0.1%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	6.48B YoY-4.7%	6.79B YoY+53.2%	4.43B YoY-13.8%	5.14B YoY+13.2%	4.54B YoY+16.6%
Cash & equivalents	933M YoY-16.5%	1.12B YoY-0.4%	1.12B YoY+45.3%	773M YoY+26.5%	611M YoY-6.0%
Inventory	1.45B YoY-6.4%	1.55B YoY-8.1%	1.68B YoY-3.2%	1.74B YoY+15.9%	1.50B YoY+25.9%
	29.4B YoY+0.2%	29.4B YoY+17.4%	25.0B YoY-3.4%	25.9B YoY+11.3%	23.3B YoY+1.8%
Property, plant & equipment	19.1B YoY+1.9%	18.7B YoY+5.8%	17.7B YoY+1.2%	17.5B YoY+9.4%	16.0B YoY-2.5%
Total non-current assets	23.0B YoY+1.6%	22.6B YoY+9.7%	20.6B YoY-0.8%	20.8B YoY+10.8%	18.7B YoY-1.3%
	7.44B YoY-14.2%	8.68B YoY+76.3%	4.92B YoY+2.9%	4.78B YoY+25.5%	3.81B YoY-13.6%
Short-term & current debt	2.35B YoY+23.5%	1.91B YoY+26.5%	1.51B YoY+32.3%	1.14B YoY+34.9%	845M YoY-52.9%
	18.4B YoY+5.0%	17.5B YoY+9.6%	16.0B YoY+4.1%	15.4B YoY+2.2%	15.0B YoY+1.9%
Long-term debt	8.23B YoY+16.9%	7.04B YoY+5.3%	6.68B YoY+12.3%	5.95B YoY-9.0%	6.53B YoY+4.1%
	10.8B YoY-7.2%	11.7B YoY+30.2%	8.95B YoY-14.4%	10.5B YoY+27.7%	8.18B YoY+1.6%
Total equity incl. non-controlling	11.0B YoY-7.0%	11.9B YoY+31.1%	9.05B YoY-14.2%	10.6B YoY+27.7%	8.26B YoY+1.6%
	393M YoY+0.0%	393M YoY+0.0%	393M YoY+0.0%	393M YoY+0.0%	393M YoY+0.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.96B YoY-15.5%	5.87B YoY-0.7%	5.91B YoY+3.9%	5.69B YoY+35.5%	4.20B YoY+44.1%
Intangible amortization	61.0M YoY+41.9%	43.0M YoY+16.2%	37.0M YoY-14.0%	43.0M YoY-15.7%	51.0M YoY+6.3%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Long-term debt issued	4.48B YoY+51.0%	2.97B YoY+11.2%	2.67B YoY+563.4%	402M YoY-58.3%	963M YoY-46.6%
Long-term debt repaid	2.87B YoY+36.6%	2.10B YoY+50.6%	1.40B YoY+79.0%	780M YoY-52.8%	1.65B YoY-27.6%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	10.0M	0.00	0.00 YoY-100.0%	28.0M	0.00 YoY-100.0%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	14.2B YoY-14.9%	16.7B YoY+147.3%	6.76B YoY+87.1%	3.61B YoY+140.6%	1.50B YoY-18.7%
P/E	—	7.0× YoY+130.9%	3.0× YoY-98.7%	225.9× YoY+140.6%	93.9×
P/S	0.8× YoY-11.0%	0.9× YoY+140.4%	0.4× YoY+36.4%	0.3× YoY+140.6%	0.1× YoY-42.4%
P/B	1.3× YoY-8.3%	1.4× YoY+121.9%	0.6× YoY+46.4%	0.4× YoY+140.6%	0.2× YoY-20.0%
	—	14.3% YoY-56.7%	33.0% YoY+7364.5%	0.44% YoY-58.4%	1.1%
Source filing	20-F	20-F	20-F	20-F	20-F

About this data

Source: YPF's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all YPF filings on SEC EDGAR → Not investment advice.