PAM revenueFY2025$2.00B
- FY YoY
- +6.5%
- 5Y CAGR
- +13.2%
PAM revenue was $2.00B for fiscal 2025 (ended Dec 31, 2025), up 6.5% from fiscal 2024. Compound annual growth was +13.2% over 5 years. It rose in 4 of the last 8 fiscal years.
Pampa Energia S.A. (PAM) financials
For fiscal 2025 (ended Dec 31, 2025), Pampa Energia S.A. reported $2.00B of revenue and $377.00M of net income.
- Revenue, FY2025
- $2.00B
- Revenue growth, YoY
- +6.5%
- Net income, FY2025
- $377.00M
- Net income growth, YoY
- -39.1%
- Net margin
- 18.9%
- Free cash flow, FY2025
- -$215.00M
- EPS, diluted, FY2025
- $0.28
- EPS growth, YoY
- -39.1%
- Cash
- $725.00M
- Total debt
- $1.84B
- P/E
- 9.20
- P/S
- 1.74
- Market cap
- $3.47B
FY2017FY2025
FY2017FY2025
FY2017FY2025
PAM revenue and earnings growth
PAM net incomeFY2025$377.00M
- FY YoY
- -39.1%
PAM net income was $377.00M for fiscal 2025 (ended Dec 31, 2025), down 39.1% from fiscal 2024. It rose in 2 of the last 4 fiscal years.
PAM EPSFY2025$0.28
- FY YoY
- -39.1%
PAM diluted EPS was $0.28 for fiscal 2025 (ended Dec 31, 2025), down 39.1% from fiscal 2024.
PAM free cash flowFY2025-$215.00M
PAM free cash flow was -$215.00M for fiscal 2025 (ended Dec 31, 2025), compared with -$12.00M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.00B | $1.88B | $1.73B | $1.83B | $1.51B | $1.07B | $1.34B | $1.44B | $2.17B |
| Cost of revenue | $1.37B | $1.28B | $1.11B | $1.14B | $951.00M | $663.00M | $811.00M | $831.00M | $1.57B |
| Gross profit | $629.00M | $597.00M | $625.00M | $690.00M | $557.00M | $410.00M | $529.00M | $605.00M | $601.00M |
| Selling, general and admin | $192.00M | $239.00M | $185.00M | $142.00M | $102.00M | $93.00M | $105.00M | $130.00M | $198.00M |
| Operating income | $503.00M | $440.00M | $424.00M | $631.00M | $579.00M | $243.00M | $462.00M | $618.00M | $368.00M |
| Interest expense | $189.00M | $180.00M | $356.00M | $216.00M | $178.00M | $170.00M | -$183.00M | $179.00M | $228.00M |
| Pre-tax income | $582.00M | $498.00M | $623.00M | $581.00M | $390.00M | $159.00M | $473.00M | $59.00M | $402.00M |
| Income tax | - | - | $318.00M | $124.00M | $77.00M | $35.00M | -$130.00M | -$32.00M | -$26.00M |
| Net income | $377.00M | $619.00M | $302.00M | $456.00M | $273.00M | -$367.00M | $692.00M | $224.00M | $286.00M |
| EPS, basic | $0.28 | $0.46 | $0.22 | $0.33 | $0.19 | -$0.23 | $0.38 | - | - |
| EPS, diluted | $0.28 | $0.46 | $0.22 | $0.33 | $0.19 | - | - | - | - |
| Diluted shares | 1,360 | 1,360 | 1,366 | 1,381 | 1,405 | 1,572 | 1,799 | 52 | 51 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $725.00M | $738.00M | $171.00M | $106.00M | $110.00M | $141.00M | $225.00M | $241.00M | $31.00M |
| Short-term investments | $366.00M | $850.00M | $559.00M | $586.00M | $458.00M | $325.00M | $365.00M | $405.00M | - |
| Receivables | $1.00M | - | - | - | - | $341.00M | $561.00M | $703.00M | - |
| Inventory | $231.00M | $223.00M | $205.00M | $173.00M | $155.00M | $116.00M | $153.00M | $137.00M | $113.00M |
| Current assets | $1.99B | $2.38B | $1.34B | $1.34B | $1.13B | $948.00M | $1.36B | $1.52B | - |
| Total assets | $6.59B | $6.34B | $4.72B | $4.74B | $3.86B | $4.89B | $5.68B | $5.67B | $5.66B |
| Current liabilities | $639.00M | $1.30B | $521.00M | $631.00M | $342.00M | $448.00M | $854.00M | $1.18B | - |
| Long-term debt | $1.84B | $1.37B | $1.22B | $1.34B | $1.36B | $1.37B | $1.76B | $1.83B | - |
| Total debt | $1.84B | $1.37B | $1.22B | $1.34B | $1.36B | $1.37B | $1.76B | $1.83B | $1.68B |
| Total liabilities | $2.99B | $3.05B | $2.31B | $2.46B | $2.07B | $3.12B | $3.27B | $3.88B | $3.69B |
| Shareholders' equity | $3.60B | $3.29B | $2.41B | $2.28B | $1.79B | $1.77B | $2.41B | $1.79B | $1.97B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $778.00M | $435.00M | $575.00M | $619.00M | $729.00M | $693.00M | $802.00M | $610.00M | $439.00M |
| Capital expenditures | $993.00M | $447.00M | $758.00M | $416.00M | $206.00M | $124.00M | $426.00M | $455.00M | $485.00M |
| Free cash flow | -$215.00M | -$12.00M | -$183.00M | $203.00M | $523.00M | $569.00M | $376.00M | $155.00M | -$46.00M |
| Investing cash flow | -$401.00M | -$344.00M | -$446.00M | -$575.00M | -$474.00M | -$255.00M | -$369.00M | $19.00M | -$846.00M |
| Financing cash flow | -$390.00M | $476.00M | -$57.00M | -$46.00M | -$342.00M | -$445.00M | -$390.00M | -$470.00M | $372.00M |
| Depreciation and amortization | $414.00M | $342.00M | $267.00M | $212.00M | $205.00M | $205.00M | $186.00M | $165.00M | $205.00M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 6.5% | 8.3% | -5.3% | 21.3% | 40.5% | -19.9% | -6.7% | -34.0% | - |
| Net income growth, YoY | -39.1% | 105.0% | -33.8% | 67.0% | - | - | 208.9% | -21.7% | - |
| EPS growth, YoY | -39.1% | 109.1% | -33.3% | 73.7% | - | - | - | - | - |
| Gross margin | 31.5% | 31.8% | 36.1% | 37.7% | 36.9% | 38.2% | 39.5% | 42.1% | 27.6% |
| Operating margin | 25.2% | 23.5% | 24.5% | 34.5% | 38.4% | 22.6% | 34.5% | 43.0% | 16.9% |
| Net margin | 18.9% | 33.0% | 17.4% | 24.9% | 18.1% | -34.2% | 51.6% | 15.6% | 13.1% |
| Free cash flow margin | -10.8% | -0.6% | -10.6% | 11.1% | 34.7% | 53.0% | 28.1% | 10.8% | -2.1% |
| Return on equity | 10.5% | 18.8% | 12.5% | 20.0% | 15.2% | -20.7% | 28.7% | 12.5% | 14.5% |
| Return on assets | 5.7% | 9.8% | 6.4% | 9.6% | 7.1% | -7.5% | 12.2% | 3.9% | 5.1% |
| Current ratio | 3.11 | 1.83 | 2.56 | 2.13 | 3.29 | 2.12 | 1.59 | 1.29 | - |
| Debt to equity | 0.51 | 0.42 | 0.51 | 0.59 | 0.76 | 0.78 | 0.73 | 1.02 | 0.85 |
Source: XBRL data Pampa Energia S.A. files with the SEC, latest filing dated Apr 9, 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.
PAM peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| PAM | $2.00B | +6.5% | $377.00M | 18.9% | $3.47B |
| NEE | $27.87B | +10.3% | $8.18B | 29.4% | $182.35B |
| SO | $30.17B | +7.9% | $4.34B | 14.4% | $106.22B |
| CEG | $31.27B | +26.0% | $3.48B | 11.1% | $88.56B |
| AEP | $22.43B | +9.3% | $3.72B | 16.6% | $68.90B |
| D | $17.52B | +17.5% | $2.95B | 16.9% | $60.33B |
| ETR | $13.29B | +11.4% | $1.79B | 13.4% | $52.82B |
| VST | $19.60B | +4.1% | $2.22B | 11.3% | $41.89B |
| FTS | C$12.17B | +5.8% | C$1.71B | 14.1% | $31.00B |
PAM FAQ
9 questionsWhat is PAM revenue?
Pampa Energia S.A. (PAM) reported $2.00B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 6.5% from the year before.Is PAM profitable?
Yes. Pampa Energia S.A. earned $377.00M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 18.9%.How much cash and debt does PAM have?
Pampa Energia S.A. reported $725.00M in cash and cash equivalents and $1.84B of debt on its most recent balance sheet in SEC filings.How fast is PAM revenue growing?
Pampa Energia S.A.'s revenue changed +6.5% in fiscal 2025, to $2.00B. Its compound annual growth rate was +13.2% over 5 years.What is PAM gross margin?
Pampa Energia S.A.'s gross profit was $629.00M on $2.00B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 31.5%.What is PAM free cash flow?
Pampa Energia S.A. generated -$215.00M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $778.00M less capital expenditures.What is PAM earnings per share?
Diluted earnings per share were $0.28 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did PAM last report financial results?
The latest statements here come from Pampa Energia S.A.'s 20-F filed on Apr 9, 2026, covering the period ended Dec 31, 2025.Where does this PAM financial data come from?
Quantisnow builds these statements from the structured XBRL data Pampa Energia S.A. files with the SEC. It is provided for information only and is not investment advice.