Petrobras - Petroleo Brasileiro (PBR-A) Operating Margin (2009 - 2026)
Petrobras - Petroleo Brasileiro (PBR-A) posted Operating Margin of 0.71% for Q1 2026, down 97.73% sequentially from 31.41% in Q3 2025, and up 92.0% YoY from 0.37% in Q1 2025.
Petrobras - Petroleo Brasileiro (PBR-A) Operating Margin (2009 - 2026) Analysis & Trends
Petrobras - Petroleo Brasileiro has reported Operating Margin for 18 years, with the latest figure at 0.71% in Q1 2026.
- Quarterly Operating Margin rose 92.0% year-over-year to 0.71% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.9% (up 420.0% YoY) and the FY2025 annual result came in at 29.28%, down 12.0% from the prior year.
- Operating Margin retreated to 0.71% in Q1 2026 per PBR-A's latest filing, from 31.41% in the prior quarter.
- Over five years, Operating Margin peaked at 56.36% in Q2 2022 and troughed at 55.08% in Q4 2024.
- A 5-year average of 27.67% and a median of 35.49% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2024: Operating Margin jumped 1582 bps in 2022, then plunged 8467 bps in 2024.
- Over 5 years, Operating Margin stood at 36.85% in 2022, then fell by 20 bps to 29.59% in 2023, then sank by 286 bps to 55.08% in 2024, then surged by 157 bps to 31.41% in 2025, then tumbled by 98 bps to 0.71% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 0.71%, 31.41%, and 29.98% for Q1 2026, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 0.71% |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | - |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | -50.03% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 3.51% |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 28.64% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 36.94% |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 48.14% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | - |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 32.74% |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 17.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.71% |
| Sep 30, 2025 | 31.41% |
| Jun 30, 2025 | 29.98% |
| Mar 31, 2025 | -0.21% |
| Dec 31, 2024 | -55.08% |
| Sep 30, 2024 | 34.12% |
| Jun 30, 2024 | 33.21% |
| Mar 31, 2024 | 37.80% |
| Dec 31, 2023 | 29.59% |
| Sep 30, 2023 | 39.06% |
| Jun 30, 2023 | 36.89% |
| Mar 31, 2023 | 43.15% |
| Dec 31, 2022 | 36.85% |
| Sep 30, 2022 | 43.72% |
| Jun 30, 2022 | 56.36% |
| Mar 31, 2022 | 45.12% |
| Sep 30, 2021 | 45.49% |
| Jun 30, 2021 | 40.54% |
| Mar 31, 2021 | 38.06% |
| Dec 31, 2020 | 93.16% |