Analyst Ratings

Date	Action	Analyst	Rating	Target
May-27-26	Reiterated	Mizuho Securities		$43 → $48
Apr-10-26	Reiterated	Goldman Sachs	Neutral	$26 → $49
Feb-13-26	Reiterated	Piper Sandler	Overweight	$41 → $42
Jan-12-26	Reiterated	Piper Sandler	Overweight	$40 → $41
Jan-08-26	Reiterated	Piper Sandler	Underweight	$25 → $40
Jan-05-26	Reiterated	BMO Capital	Market Perform	$34
Dec-12-25	Reiterated	Mizuho Securities		$22 → $38
Dec-12-25	Upgrade	Mizuho	Underperform → Neutral
Dec-08-25	Downgrade	Wolfe Research	Peer Perform → Underperform	$49 → $23
Nov-03-25	Reiterated	UBS	Buy	$37 → $42

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	30,170	29,332	33,115	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	29,838	29,903	33,488
Gross Profit	332	-571	-372
Selling, General and Administrative Excl. Other	352	332	260
Research and Development	0	0	0
Other Operating Expense	-870	-849	67
Operating Income	851	-54	-699
Interest Expense	187	182	123
Unusual Expense	—	—	—
Non-Operating Income (Expense)	587	862	-54
Net Income Before Taxes	573	-235	-769
Income Taxes	126	-74	-228
Consolidated Net Income	441	-158	-534
Net Income From Continuing Operations	446	-160	-540
Net Income	441	-158	-534
EPS (Recurring)	3.78	-1.39	-4.59
EPS (Basic, Before Extraordinaries)	3.78	-1.39	-4.59
EPS (Diluted)	3.71	-1.39	-4.60
EBITDA	902	-254	-2
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	10.05	—	—
Price To Sales Ratio	0.14	0.11	—
Gross Margin	1.10	-1.95	-1.12
Operating Margin	2.82	-0.18	-2.11
Net Margin	1.46	-0.54	-1.61
Shares Outstanding	117	114	116
Market Capitalization	4,363	3,092	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	Jun 05 '26	Sale	43.17	100,000	4,316,950	18,117,698	Jun 09 12:00 AM
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	Jun 03 '26	Sale	43.58	220,000	9,587,050	18,217,698	Jun 04 12:00 AM
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	Jun 02 '26	Sale	43.56	31,000	1,350,493	18,437,698	Jun 04 12:00 AM
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	May 05 '26	Sale	45.91	220,000	10,099,496	18,468,698	May 06 12:00 AM
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	May 04 '26	Sale	44.87	200,000	8,973,310	18,688,698	May 06 12:00 AM
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	Apr 30 '26	Sale	44.41	3,000	133,240	18,888,698	Apr 30 12:00 AM
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	Apr 29 '26	Sale	43.50	362,000	15,746,131	18,891,698	Apr 30 12:00 AM
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	Apr 07 '26	Sale	47.10	70,000	3,297,019	19,253,698	Apr 08 12:00 AM
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	Apr 06 '26	Sale	46.18	130,000	6,003,504	19,323,698	Apr 08 12:00 AM
Fedena James E.	Senior Vice President	Mar 31 '26	Option Exercise	27.06	154,170	4,171,450	164,016	Apr 01 12:00 AM
Nimbley Thomas J.	Director	Mar 31 '26	Option Exercise	28.67	100,000	2,867,000	840,716	Apr 01 12:00 AM
Nimbley Thomas J.	Director	Mar 31 '26	Sale	50.62	50,000	2,530,810	790,716	Apr 01 12:00 AM
Fedena James E.	Senior Vice President	Mar 31 '26	Sale	49.60	77,085	3,823,473	139,016	Apr 01 12:00 AM
Control Empresarial de Capitales S.A. de C.V.	10 percent owner, other: Add'l Rep. Persons-see Ex.99-1	Mar 31 '26	Sale	50.74	200,000	10,147,260	19,453,698	Apr 01 12:00 AM
Fedena James E.	Senior Vice President	Mar 30 '26	Sale	51.66	18,941	978,492	139,016	Apr 01 12:00 AM


Market Cap	4.47B	Forward P/E	6.12	EPS next Y	6.10	Insider Trans	-9.82%	Shs Float	-	Perf Month	-12.79%


Enterprise Value	7.53B	PEG	0.01	EPS next Q	3.55	Inst Own	-	Short Float	-	Perf Quarter	-20.37%


Income	445.96M	P/S	0.15	EPS this Y	89.62%	Inst Trans	-	Short Ratio	-	Perf Half Y	39.98%


Sales	30.17B	P/B	0.80	EPS next Y	-13.34%	ROA	3.00%	Short Interest	-	Perf YTD	37.50%


Book/sh	47.78	P/C	17.04	EPS next 5Y	-3.50%	ROE	8.35%	52W High	52.18 -28.54%	Perf Year	52.89%


Cash/sh	4.58	P/FCF	-	EPS past 3/5Y	-	ROIC	6.32%	52W Low	20.98 77.74%	Perf 3Y	-


Dividend Est.	1.10 (2.95%)	EV/EBITDA	8.34	Sales past 3/5Y	-14.44% 14.18%	Gross Margin	1.10%	Volatility	3.77% 3.95%	Perf 5Y	-


Dividend TTM	1.10 (2.95%)	EV/Sales	0.25	EPS Y/Y TTM	57.83%	Oper. Margin	2.82%	ATR (14)	2.28	Perf 10Y	-


Dividend Ex-Date	May 14, 2026	Quick Ratio	0.62	Sales Y/Y TTM	-8.89%	Profit Margin	1.46%	RSI (14)	37.91	Recom	3.00


Dividend Gr. 3/5Y	76.52% 29.67%	Current Ratio	1.31	EPS Q/Q	71.52%	SMA20	-8.14%	Beta	-0.42	Target Price	43.25


Payout	28.67%	Debt/Eq	0.65	Sales Q/Q	11.86%	SMA50	-9.28%	Rel Volume	1.21	Prev Close	37.77


Employees	3,855	LT Debt/Eq	0.50	Earnings	Jul 30	SMA200	3.35%	Avg Volume	2.88M	Price	37.29


IPO Date	Dec 13, 2012	Option/Short	Yes / Yes	EPS/Sales Surpr.	-11.39% 7.92%	Net Debt/EBITDA	3.39	Volume	3,468,042	Change	-1.27%

PBF