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Financials · EC

Ecopetrol S.A. (EC) financials

For fiscal 2025 (ended Dec 31, 2025), Ecopetrol S.A. reported COP 119.69T of revenue and COP 10.49T of net income. Figures are in COP, the currency of its SEC filings.

Revenue, FY2025
COP 119.69T
Revenue growth, YoY
-10.2%
Net income, FY2025
COP 10.49T
Net income growth, YoY
-24.2%
Net margin
8.8%
Free cash flow, FY2025
COP 23.57T
EPS, diluted, FY2025
COP 255.10
EPS growth, YoY
-24.2%
Cash
COP 10.69T
Total debt
COP 109.20T
Annual revenueCOP 119.69T
FY2016FY2025
Annual net incomeCOP 10.49T
FY2016FY2025
Annual free cash flowCOP 23.57T
FY2016FY2025

EC revenue and earnings growth

EC revenueFY2025COP 119.69T

FY YoY
-10.2%
5Y CAGR
+19.0%
10Y CAGR
+8.6%

EC revenue was COP 119.69T for fiscal 2025 (ended Dec 31, 2025), down 10.2% from fiscal 2024. Compound annual growth was +19.0% over 5 years and +8.6% over 10 years. It rose in 5 of the last 10 fiscal years.

EC net incomeFY2025COP 10.49T

FY YoY
-24.2%
5Y CAGR
+45.9%

EC net income was COP 10.49T for fiscal 2025 (ended Dec 31, 2025), down 24.2% from fiscal 2024. Compound annual growth was +45.9% over 5 years. It rose in 5 of the last 9 fiscal years.

EC EPSFY2025COP 255.10

FY YoY
-24.2%
5Y CAGR
+45.9%

EC diluted EPS was COP 255.10 for fiscal 2025 (ended Dec 31, 2025), down 24.2% from fiscal 2024. Compound annual growth was +45.9% over 5 years.

EC free cash flowFY2025COP 23.57T

FY YoY
-33.8%
5Y CAGR
+41.5%
10Y CAGR
+22.4%

EC free cash flow was COP 23.57T for fiscal 2025 (ended Dec 31, 2025), down 33.8% from fiscal 2024. Compound annual growth was +41.5% over 5 years and +22.4% over 10 years. It rose in 7 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
RevenueCOP 119.69TCOP 133.33TCOP 143.19TCOP 159.61TCOP 91.88TCOP 50.22TCOP 71.49TCOP 68.60TCOP 55.95TCOP 48.49T
Cost of revenueCOP 82.06TCOP 86.48TCOP 88.18TCOP 89.46TCOP 55.58TCOP 37.57TCOP 44.97TCOP 41.18TCOP 36.91TCOP 34.25T
Gross profitCOP 37.64TCOP 46.85TCOP 55.01TCOP 70.15TCOP 36.30TCOP 12.66TCOP 26.52TCOP 27.42TCOP 19.05TCOP 14.23T
Selling, general and adminCOP 5.02TCOP 5.10TCOP 5.03TCOP 4.34TCOP 3.34TCOP 3.37TCOP 2.15TCOP 1.65TCOP 1.76TCOP 1.92T
Operating incomeCOP 26.68TCOP 38.46TCOP 41.76TCOP 60.23TCOP 29.70TCOP 7.18TCOP 21.03TCOP 22.46TCOP 16.17TCOP 8.90T
Interest expenseCOP 10.78TCOP 10.32TCOP 10.38TCOP 8.03TCOP 4.43TCOP 3.93TCOP 3.33TCOP 3.51TCOP 3.66TCOP 3.46T
Pre-tax incomeCOP 18.86TCOP 30.71TCOP 36.90TCOP 54.16TCOP 26.43TCOP 4.78TCOP 19.72TCOP 20.61TCOP 13.77TCOP 7.79T
Income taxCOP 4.42TCOP 12.21TCOP 11.52TCOP 18.96TCOP 8.80TCOP 2.04TCOP 4.72TCOP 8.26TCOP 5.80TCOP 4.54T
Net incomeCOP 10.49TCOP 13.84TCOP 21.06TCOP 31.60TCOP 15.65TCOP 1.59TCOP 13.74TCOP 11.38TCOP 7.18TCOP 2.45T
EPS, basicCOP 255.10COP 336.60COP 512.20COP 768.70COP 380.60COP 38.59COP 334.27---
EPS, dilutedCOP 255.10COP 336.60COP 512.20COP 768.70COP 380.60COP 38.59COP 334.27---

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalentsCOP 10.69TCOP 14.05TCOP 12.34TCOP 15.40TCOP 14.55TCOP 5.08TCOP 7.08TCOP 6.31TCOP 7.95TCOP 8.41T
Short-term investmentsCOP 3.30TCOP 5.24TCOP 2.23TCOP 2.73TCOP 2.93TCOP 3.07TCOP 4.98TCOP 8.14T--
ReceivablesCOP 14.88TCOP 20.43TCOP 33.31TCOP 39.22TCOP 18.45TCOP 4.82TCOP 5.70TCOP 8.19TCOP 6.10TCOP 4.21T
InventoryCOP 8.61TCOP 10.03TCOP 10.20TCOP 11.88TCOP 8.40TCOP 5.05TCOP 5.66TCOP 5.10TCOP 4.60TCOP 3.84T
Current assetsCOP 53.45TCOP 60.66TCOP 68.62TCOP 77.28TCOP 51.70TCOP 22.83TCOP 23.36TCOP 27.03TCOP 23.22TCOP 24.13T
GoodwillCOP 4.83TCOP 5.15TCOP 4.85TCOP 5.35TCOP 4.69TCOP 1.59TCOP 1.16TCOP 1.16TCOP 1.16TCOP 1.16T
Total assetsCOP 282.22TCOP 298.24TCOP 280.14TCOP 302.79TCOP 242.43TCOP 137.69TCOP 133.89TCOP 124.64TCOP 117.85TCOP 118.96T
Current liabilitiesCOP 34.51TCOP 39.63TCOP 43.56TCOP 56.78TCOP 30.25TCOP 18.28TCOP 21.74TCOP 17.82TCOP 16.85TCOP 16.39T
Short-term debtCOP 10.08TCOP 11.29TCOP 15.55TCOP 22.20TCOP 9.21TCOP 4.92TCOP 5.01TCOP 4.02TCOP 5.14T-
Long-term debtCOP 99.12TCOP 108.68TCOP 90.27TCOP 92.94TCOP 85.85TCOP 41.81TCOP 33.23TCOP 34.04TCOP 38.40TCOP 48.10T
Total debtCOP 109.20TCOP 119.97TCOP 105.82TCOP 115.13TCOP 95.06TCOP 46.73TCOP 38.24TCOP 38.06TCOP 43.55TCOP 48.10T
Total liabilitiesCOP 175.48TCOP 192.33TCOP 179.89TCOP 188.89TCOP 151.84TCOP 84.19TCOP 75.66TCOP 67.54TCOP 69.63TCOP 75.40T
Shareholders' equityCOP 81.38TCOP 79.85TCOP 100.25TCOP 113.90TCOP 90.58TCOP 53.50TCOP 58.23TCOP 57.11TCOP 48.22TCOP 43.56T

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flowCOP 33.34TCOP 45.13TCOP 19.80TCOP 36.23TCOP 22.54TCOP 9.19TCOP 27.71TCOP 22.47TCOP 16.97TCOP 14.23T
Capital expendituresCOP 9.77TCOP 9.52TCOP 9.35TCOP 8.77TCOP 6.12TCOP 5.03TCOP 4.01TCOP 3.30TCOP 2.36TCOP 3.65T
Free cash flowCOP 23.57TCOP 35.61TCOP 10.45TCOP 27.47TCOP 16.42TCOP 4.15TCOP 23.70TCOP 19.17TCOP 14.61TCOP 10.59T
Investing cash flow-COP 17.91T-COP 22.03T-COP 20.02T-COP 18.10T-COP 20.52T-COP 8.53T-COP 10.04T-COP 8.72T-COP 4.38T-COP 9.38T
Financing cash flow-COP 17.36T-COP 22.69T-COP 355.00B-COP 18.93TCOP 6.96T-COP 2.63T-COP 17.17T-COP 15.79T-COP 12.76T-COP 2.76T
Dividends paidCOP 11.72TCOP 15.56TCOP 5.57TCOP 13.36TCOP 2.77TCOP 8.73TCOP 13.87TCOP 4.43TCOP 1.50TCOP 1.71T
Depreciation and amortizationCOP 16.11TCOP 15.20TCOP 13.81TCOP 12.13TCOP 10.16TCOP 9.32TCOP 8.58TCOP 7.70TCOP 8.28TCOP 7.61T

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-10.2%-6.9%-10.3%73.7%82.9%-29.7%4.2%22.6%15.4%-7.4%
Net income growth, YoY-24.2%-34.3%-33.4%102.0%886.3%-88.5%20.8%58.5%193.3%-
EPS growth, YoY-24.2%-34.3%-33.4%102.0%886.3%-88.5%----
Gross margin31.4%35.1%38.4%44.0%39.5%25.2%37.1%40.0%34.0%29.4%
Operating margin22.3%28.8%29.2%37.7%32.3%14.3%29.4%32.7%28.9%18.4%
Net margin8.8%10.4%14.7%19.8%17.0%3.2%19.2%16.6%12.8%5.0%
Free cash flow margin19.7%26.7%7.3%17.2%17.9%8.3%33.2%27.9%26.1%21.8%
Return on equity12.9%17.3%21.0%27.7%17.3%3.0%23.6%19.9%14.9%5.6%
Return on assets3.7%4.6%7.5%10.4%6.5%1.2%10.3%9.1%6.1%2.1%
Current ratio1.551.531.581.361.711.251.071.521.381.47
Debt to equity1.341.501.061.011.050.870.660.670.901.10

Source: XBRL data Ecopetrol S.A. files with the SEC, latest filing dated Apr 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

EC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ECCOP 119.69T-10.2%COP 10.49T8.8%$32.09B
SHEL$273.73B-5.3%$17.84B6.5%$273.51B
TTE$201.20B-6.2%$13.13B6.5%$192.00B
PBR$89.19B-2.4%$19.63B22.0%$118.25B
CNQC$38.76B+8.7%C$10.82B27.9%$98.26B
E€82.15B-7.5%€2.61B3.2%$87.98B
EOG$29.73B+31.7%$8.19B27.5%$76.96B
OXY$25.75B+36.9%$7.50B29.1%$55.74B
OKE$43.19B+36.8%$4.07B9.4%$54.21B

EC FAQ

9 questions
  • What is EC revenue?
    Ecopetrol S.A. (EC) reported COP 119.69T of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 10.2% from the year before.
  • Is EC profitable?
    Yes. Ecopetrol S.A. earned COP 10.49T in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 8.8%.
  • How much cash and debt does EC have?
    Ecopetrol S.A. reported COP 10.69T in cash and cash equivalents and COP 109.20T of debt on its most recent balance sheet in SEC filings.
  • How fast is EC revenue growing?
    Ecopetrol S.A.'s revenue changed -10.2% in fiscal 2025, to COP 119.69T. Its compound annual growth rate was +19.0% over 5 years and +8.6% over 10 years.
  • What is EC gross margin?
    Ecopetrol S.A.'s gross profit was COP 37.64T on COP 119.69T of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 31.4%.
  • What is EC free cash flow?
    Ecopetrol S.A. generated COP 23.57T of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of COP 33.34T less capital expenditures.
  • What is EC earnings per share?
    Diluted earnings per share were COP 255.10 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did EC last report financial results?
    The latest statements here come from Ecopetrol S.A.'s 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.
  • Where does this EC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ecopetrol S.A. files with the SEC. It is provided for information only and is not investment advice.