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US independent petroleum refiner operating refineries on the East Coast, Gulf Coast and West Coast.
US independent petroleum refiner operating refineries on the East Coast, Gulf Coast and West Coast.
Buys crude oil and sells gasoline, diesel and jet fuel, so earnings are the spread between product prices and crude cost, which is volatile and outside its control. Its six refineries across the East Coast, Midwest, Gulf Coast and California give it access to varied crude supplies. It bought the Martinez, California refinery in 2020 and took full ownership of PBF Logistics in 2022.
Moat: narrow (scale). Regional refining positions offer some logistics advantage but limited differentiation versus larger peers.
Headquarters: Parsippany, New Jersey, US · Founded: 2008 · Employees: 3,678
Size PBF Energy (PBF) is a United States Energy company (Oil Refining/Marketing) with a market value of $8.16B, the 873rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $67.27 on 6 Nov 2026.
Performance Over six months the shares gained 65.2%, against +0.8% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 31.5% over the last twelve months (peer median +15.6%); the operating margin is 8.4% (peer median 6.5%).
Valuation It trades at 2.6× forward earnings against a peer median of 7.0× (cheapest of 20).
Capital Return on invested capital runs 24.4 points above its cost of capital (6.1% WACC).
Credit PBF Energy has 1 bond outstanding ($500M), rated BB by the agencies and trading like BB- at a weighted spread of 235 bp.
Short interest Short interest is 9.5% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $38.9B | $29.3B | $33.1B | $38.3B | $46.8B |
| Revenue growth | — | -11% | -14% | -18% | — |
| Gross profit | $3.73B | -$586M | -$398M | $2.35B | $4.70B |
| EBITDA | $3.89B | -$274M | -$30.3M | $2.56B | $4.75B |
| Net income | $2.71B | -$159M | -$534M | $2.14B | $2.88B |
| Free cash flow | $2.68B | -$780M | -$346M | $717M | $4.21B |
| Capital expenditure | $995M | $782M | $432M | $700M | $699M |
| Total debt | $2.71B | $2.91B | $2.31B | $2.04B | $2.64B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PBF Energy PBF | $8.16B | +65% | +32% | 8% | 2.6× | n/a |
| Valero Energy VLO | $96.6B | +44% | +25% | 12% | 5.6× | -16.1% |
| Marathon Petroleum MPC | $101B | +53% | +32% | 12% | 5.1× | -16.8% |
| Phillips 66 PSX | $95.8B | +44% | +29% | 10% | 6.6× | -11.3% |
| HF Sinclair DINO | $16.7B | +34% | +29% | 14% | 5.0× | -20.0% |
| CVR Energy CVI | $3.83B | +14% | +34% | 11% | 5.2× | -17.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PBF | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.7% | -17.2% | 6th lowest of 21 |
| 6-month return | +65.2% | +0.8% | highest of 21 |
| Distance from 52-week high | -27.2% | -24.5% | 9th lowest of 21 |
| Revenue growth (TTM) | +31.5% | +15.6% | 3rd highest of 21 |
| Operating margin | 8.4% | 6.5% | 10th highest of 21 |
| Forward P/E | 2.6× | 7.0× | cheapest of 20 |
| ROIC minus cost of capital | +24.4 pp | +9.2 pp | 5th highest of 21 |
| EV / EBITDA | 2.2× | 5.0× | cheapest of 15 |
| Net debt / EBITDA | 0.0× | 1.7× | 5th least indebted of 18 |
| Bond spread | 235 bp | 254 bp | 3rd tightest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PBF Energy PBF | United States | $8.16B | +65% | +32% | 8% | 2.6× | n/a | n/a |
| Hindustan Petroleum HINDPETRO.NS | India | $8.67B | -2% | +17% | 0% | n/a | 24.7% | +13.6% |
| S-Oil 010950.KS | South Korea | $9.00B | -21% | +19% | 10% | 3.5× | n/a | n/a |
| Idemitsu Kosan 5019.T | Japan | $9.54B | -9% | -3% | 6% | 7.1× | -12.8% | +12.2% |
| Ampol ALD.AX | Australia | $5.95B | +6% | +15% | 6% | 10.8× | -14.0% | +15.4% |
| SK Innovation 096770.KS | South Korea | $13.4B | -25% | +26% | 9% | 4.5× | n/a | n/a |
| Bharat Petroleum BPCL.NS | India | $14.7B | +4% | +22% | 3% | 23.1× | 5.7% | +14.5% |
| HF Sinclair DINO | United States | $16.7B | +34% | +29% | 14% | 5.0× | -20.0% | +19.1% |
| Delek US DK | United States | $3.92B | +39% | +11% | 6% | 3.2× | -10.1% | +8.0% |
| CVR Energy CVI | United States | $3.83B | +14% | +34% | 11% | 5.2× | -17.9% | +12.8% |
| Sinopec Shanghai Petrochemical 600688.SS | China | $3.75B | -5% | -4% | 0% | 59.0× | n/a | n/a |
| Cosmo Energy 5021.T | Japan | $3.74B | -10% | 0% | 9% | 7.0× | -18.5% | +3.7% |
| Calumet CLMT | United States | $3.48B | +24% | +13% | 1% | 9.1× | 39.0% | +12.8% |
| Par Pacific PARR | United States | $3.41B | +6% | +29% | 13% | 3.4× | n/a | n/a |
| Icahn Enterprises L.P IEP | United States | $3.38B | -41% | +16% | -7% | 9.5× | n/a | n/a |
| Eneos 5020.T | Japan | $19.8B | -11% | +2% | 7% | 6.7× | -10.6% | +9.0% |
| Mangalore Refinery & Petrochemicals MRPL.NS | India | $3.26B | +13% | +38% | 6% | 4.6× | -6.0% | +22.9% |
| DOF DOFG.OL | Norway | $3.24B | -12% | +22% | 26% | 7.8× | 0.9% | +28.0% |
| Viva Energy VEA.AX | Australia | $3.04B | +19% | -2% | 4% | 7.8× | -15.1% | +18.2% |
| Neste NESTE.HE | Finland | $23.6B | -5% | +15% | 14% | 6.9× | -6.5% | +10.0% |
| Formosa Petrochemical Corporati 6505.TW | Taiwan | $24.7B | +58% | +2% | 10% | 10.4× | -7.7% | +8.6% |
PBF Energy has 1 bond outstanding with $500M face value. The agencies rate it BB; its bonds trade like BB-. Weighted yield 6.95%, a spread of 235 bp over government bonds.