Petróleo Brasileiro S.A. - Petrobras

BOVESPA:PETR3 Stock Report

Market Cap: R$668.9b

Petróleo Brasileiro - Petrobras Past Earnings Performance

Past criteria checks 5/6

Petróleo Brasileiro - Petrobras's earnings have been declining at an average annual rate of -4.9%, while the Oil and Gas industry saw earnings growing at 28.4% annually. Revenues have been growing at an average rate of 5.5% per year. Petróleo Brasileiro - Petrobras's return on equity is 26.5%, and it has net margins of 22.1%.

Key information

-4.94%

Earnings growth rate

-4.72%

EPS growth rate

Oil and Gas Industry Growth33.34%
Revenue growth rate5.47%
Return on equity26.49%
Net Margin22.13%
Next Earnings Update11 May 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Petróleo Brasileiro - Petrobras makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BOVESPA:PETR3 Revenue, expenses and earnings (BRL Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 25497,549110,12944,1294,814
30 Sep 25491,44677,52241,5594,823
30 Jun 25493,12277,37239,5954,639
31 Mar 25496,25148,11538,7414,552
31 Dec 24490,82936,60638,4084,281
30 Sep 24503,81984,69338,3134,061
30 Jun 24499,06578,76337,6373,885
31 Mar 24490,632110,15036,3133,727
31 Dec 23511,994124,60635,9203,619
30 Sep 23536,315136,90435,6453,500
30 Jun 23581,563156,37535,3973,576
31 Mar 23638,683181,92334,1963,806
31 Dec 22641,256188,32833,3574,087
30 Sep 22659,264176,49132,5473,972
30 Jun 22595,208161,53732,1323,780
31 Mar 22508,135150,06232,3743,475
31 Dec 21452,668106,66831,5123,033
30 Sep 21372,737135,05430,2832,742
30 Jun 21328,943102,36630,6182,445
31 Mar 21290,80556,79831,4012,036
31 Dec 20272,0697,10832,3361,819
30 Sep 20247,137-44,62933,7231,882
30 Jun 20252,845-43,34532,5561,965
31 Mar 20269,447-22,06830,1532,171
31 Dec 19263,82730,00928,0612,268
30 Sep 19274,88422,35423,4252,302
30 Jun 19296,02228,03523,7022,350
31 Mar 19308,49919,35523,8752,370
31 Dec 18310,25522,58623,6712,345
30 Sep 18296,40916,61122,2492,232
30 Jun 18273,37911,45823,2182,031
31 Mar 18253,6631,89026,3141,988
31 Dec 17258,454-44625,4941,831
30 Sep 17260,0087,54129,3031,636
30 Jun 17264,409-9,18329,0391,702
31 Mar 17283,050-9,12924,9971,660
31 Dec 16282,589-14,82426,9991,826
30 Sep 16293,202-54,27230,1911,795
30 Jun 16304,998-41,57330,8011,860
31 Mar 16305,892-41,41231,6871,963
31 Dec 15301,826-34,83628,4702,024
30 Sep 15299,002-24,49827,0092,461
30 Jun 15305,140-26,07830,0472,570

Quality Earnings: PETR3 has high quality earnings.

Growing Profit Margin: PETR3's current net profit margins (22.1%) are higher than last year (7.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PETR3's earnings have declined by 4.9% per year over the past 5 years.

Accelerating Growth: PETR3's earnings growth over the past year (200.8%) exceeds its 5-year average (-4.9% per year).

Earnings vs Industry: PETR3 earnings growth over the past year (200.8%) exceeded the Oil and Gas industry 45.9%.

Return on Equity

High ROE: PETR3's Return on Equity (26.5%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/11 01:18
End of Day Share Price 2026/04/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Petróleo Brasileiro S.A. - Petrobras is covered by 34 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yim ChengBarclays
Daniel CobucciBB Banco de Investimento S.A.
Randy OllenbergerBMO Capital Markets Equity Research