YPF Sociedad Anónima (YPF) Key Metrics
YPF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Argentine pesosYPF returns How much profit the business earns on the capital it uses.
YPF financial health Debt, liquidity and how easily interest is covered.
YPF efficiency & capital use Working capital cycle and where the cash goes.
YPF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
YPF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
YPF cash returned to shareholders
YPF key metrics in Argentine pesos
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −8.7% | 22.6% | −37.7% | 31.1% | 3.3% | −7.8% | −5.3% | 14.7% | 8.5% | −21.3% |
| Return on invested capital (ROIC) | 4.7% | 11.6% | −15.7% | 14.3% | 196.5% | −2.6% | −1.6% | 1.0% | 0.7% | 2.4% |
| Return on assets (ROA) | −3.3% | 8.6% | −13.8% | 12.5% | 1.2% | −2.7% | −1.9% | 5.0% | 2.5% | −6.5% |
| Return on tangible assets | −2.8% | 7.1% | −8.9% | 6.4% | 1.2% | −3.7% | −2.2% | 8.8% | 2.5% | −6.8% |
| Free cash flow margin | −0.6% | 0.0% | 0.0% | 0.1% | 0.1% | 13.7% | 349.1% | 8.4% | 4.9% | −7.1% |
| Income quality (OCF / net income) | — | 0.00 | — | 0.02 | 16.35 | — | — | 3.24 | 5.83 | — |
| Financial health | ||||||||||
| Total debt | ARS 16.18T | ARS 9.98T | ARS 6.35T | ARS 1.36T | ARS 7.66B | ARS 8.30B | ARS 13.83B | ARS 8.90B | ARS 191.06B | ARS 9.72B |
| Cash & short-term investments | ARS 1.73T | ARS 1.55T | ARS 995.29B | ARS 193.36B | ARS 1.07B | ARS 957.1M | ARS 1.75B | ARS 2.81B | ARS 2.27B | ARS 1.15B |
| Net debt | ARS 14.45T | ARS 8.42T | ARS 5.36T | ARS 1.16T | ARS 6.59B | ARS 7.34B | ARS 12.08B | ARS 6.09B | ARS 188.80B | ARS 8.57B |
| Debt / equity | 1.03 | 0.83 | 0.99 | 0.73 | 0.97 | 1.07 | 1.08 | 0.50 | 23.08 | 1.30 |
| Debt / assets | 0.38 | 0.33 | 0.35 | 0.30 | 0.34 | 0.38 | 0.37 | 0.18 | 6.95 | 0.37 |
| Net debt / EBITDA | 1.97 | 2.04 | 5.38 | 4.00 | 0.04 | — | 20.96 | 1.05 | 52.29 | 2.43 |
| Current ratio | 0.87 | 0.78 | 0.90 | 1.08 | 1.19 | 0.88 | 0.98 | 1.16 | 1.19 | 1.06 |
| Quick ratio | 0.68 | 0.60 | 0.56 | 1.07 | 1.19 | 0.88 | 0.73 | 0.87 | 1.18 | 1.04 |
| Interest coverage | 1.7 | 2.3 | -1.6 | 1.7 | 0.8 | -0.6 | -0.5 | 1.1 | 0.6 | 0.3 |
| Working capital | −ARS 1.40T | −ARS 1.94T | −ARS 348.75B | ARS 63.80B | ARS 708.2M | −ARS 493.7M | −ARS 128.1M | ARS 1.45B | ARS 1.06B | ARS 299.8M |
| Invested capital | ARS 30.14T | ARS 20.43T | ARS 11.78T | ARS 3.01T | ARS 14.50B | ARS 15.10B | ARS 24.83B | ARS 23.81B | ARS 197.08B | ARS 16.05B |
| Tangible asset value | ARS 15.40T | ARS 11.33T | ARS 6.01T | ARS 1.80T | ARS 7.59B | ARS 7.38B | ARS 12.01B | −ARS 9.43B | ARS 7.75B | ARS 6.96B |
| Net current asset value | −ARS 17.29T | −ARS 11.05T | −ARS 8.29T | −ARS 1.81T | −ARS 10.14B | −ARS 10.45B | −ARS 16.82B | −ARS 20.88B | −ARS 12.55B | −ARS 13.56B |
| Capital allocation | ||||||||||
| Dividends paid | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 2.30B | ARS 42.7M | ARS 38.9M | ARS 56.0M |
| Share buybacks (net) | ARS 14.51B | ARS 0 | ARS 0 | ARS 28.0M | ARS 0 | ARS 68,730 | ARS 280.0M | ARS 157,038 | ARS 282,715 | ARS 196,140 |
| Dividend payout ratio | — | 0.0% | — | 0.0% | 0.0% | — | — | 2.2% | 5.8% | — |
| Dividends + buybacks / free cash flow | — | 0.0% | 0.0% | 1.7% | 0.0% | 0.0% | 4.6% | 2.4% | 5.8% | — |
| Capex / revenue | 27.8% | 0.0% | 0.1% | 0.2% | 0.2% | 16.6% | 1,012.4% | 20.3% | 23.6% | 30.5% |
| Capex / operating cash flow | 102.4% | 91.9% | 95.9% | 70.4% | 58.3% | 54.8% | 74.4% | 70.6% | 82.8% | 179.1% |
| Capex / depreciation | 1.58 | 0.00 | 0.01 | 1.43 | 0.80 | 34.36 | 1.02 | 0.99 | 1.10 | 1.41 |
| Stock-based compensation / revenue | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.1% | 0.1% | 0.1% | 0.1% |
| R&D / revenue | 0.0% | 0.2% | 0.3% | 0.2% | 0.0% | 0.3% | 0.2% | 0.4% | 0.2% | 0.2% |
| SG&A / revenue | 8.7% | 9.2% | 19.4% | 0.1% | 11.6% | 0.1% | 0.1% | 0.2% | 0.5% | 0.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 41.5 | 31.0 | 41.9 | 27.1 | 0.5 | 111.0 | 87.6 | 60.1 | 73.4 | 62.9 |
| Days of inventory on hand | 34.8 | 39.5 | 48.9 | 0.2 | 0.0 | 48.8 | 61.6 | 28.0 | 2.6 | 3.3 |
| Days payables outstanding | 57.1 | 64.0 | 66.4 | 0.2 | 0.0 | 1.9 | 55.5 | 503.7 | 714.7 | 51.9 |
| Cash conversion cycle (days) | 19.2 | 6.4 | 24.4 | 27.0 | 0.5 | 157.8 | 93.7 | -415.6 | -638.7 | 14.3 |
| Receivables turnover | 8.80 | 11.79 | 8.72 | 13.48 | 808.35 | 3.29 | 4.17 | 6.08 | 4.97 | 5.81 |
| Payables turnover | 6.40 | 5.70 | 5.50 | 1,491.17 | 56,570.70 | 187.69 | 6.58 | 0.72 | 0.51 | 7.03 |
| Inventory turnover | 10.49 | 9.25 | 7.47 | 2,141.03 | 74,034.75 | 7.48 | 5.93 | 13.03 | 141.01 | 111.13 |
| Asset turnover | 0.73 | 0.74 | 0.49 | 1.10 | 57.08 | 0.27 | 0.37 | 0.56 | 0.51 | 0.49 |
| Average receivables | ARS 3.01T | ARS 1.52T | ARS 629.31B | ARS 187.38B | ARS 1.57B | ARS 2.41B | ARS 3.83B | ARS 3.54B | ARS 2.76B | ARS 2.28B |
| Average payables | ARS 3.03T | ARS 2.27T | ARS 821.09B | ARS 1.26B | ARS 18.2M | ARS 38.0M | ARS 2.04B | ARS 24.34B | ARS 22.41B | ARS 1.58B |
| Average inventory | ARS 1.85T | ARS 1.40T | ARS 604.72B | ARS 876.1M | ARS 13.9M | ARS 952.5M | ARS 2.26B | ARS 1.35B | ARS 81.2M | ARS 99.8M |
| Intangibles / total assets | 1.5% | 3.0% | 2.7% | 1.5% | 1.8% | 2.0% | 2.4% | 55.7% | 2.0% | 1.9% |
Computed from YPF's annual financial statements (latest annual report filed March 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Argentine pesos; data from EODHD. Averages use the opening and closing balance of each year.
YPF valuation and financial ratios
YPF Sociedad Anónima earned a return on equity of −8.7% and a return on invested capital of 4.7% in fiscal 2025. It ended the year with ARS 16.18 trillion of debt and ARS 1.73 trillion in cash and short-term investments, net debt of ARS 14.45 trillion. It returned ARS 14.5 billion to shareholders: ARS 0 in dividends and ARS 14.5 billion in share buybacks.
See the YPF income statement, the YPF chart for price history, or the YPF stock overview for the latest quote and news.
YPF key metrics FAQ
What is YPF Sociedad Anónima's return on equity?
YPF Sociedad Anónima's return on equity (ROE) was −8.7% in fiscal 2025: net income of -ARS 1.20 trillion on average shareholders' equity of ARS 13.85 trillion.
What is YPF Sociedad Anónima's ROIC?
YPF Sociedad Anónima's return on invested capital was 4.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does YPF Sociedad Anónima have?
YPF Sociedad Anónima had total debt of ARS 16.18 trillion at the end of fiscal 2025, a debt-to-equity ratio of 1.03 and ARS 14.45 trillion of net debt (1.97 times EBITDA).
Does YPF Sociedad Anónima pay a dividend?
YPF Sociedad Anónima did not pay a dividend in fiscal 2025.
Does YPF Sociedad Anónima buy back its shares?
Yes. YPF Sociedad Anónima spent ARS 14.5 billion on net share repurchases in fiscal 2025.
What is YPF Sociedad Anónima's current ratio?
YPF Sociedad Anónima's current ratio was 0.87 at the end of fiscal 2025: current assets were 0.87 times current liabilities.