BP PLC vs YPF Sociedad Anonima, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Neither company's growth reads cleanly here, and both carry the marks of turbulent years: YPF, Argentina's state-influenced integrated, posts a negative 4.3% net margin and negative 7.2% return on equity through its restructuring; BP posts a positive-but-thin 0.7% net margin under impairments. Both throw off large free-cash figures, 27.9% and 24.1%, which for two companies losing or barely making money are cash-flow artifacts of suppressed denominators rather than value signals. YPF carries no net debt and a $17.8B cap; BP a $101.5B one. The pair prices two integrateds in different flavors of difficulty, Argentine macro on one side, strategic reinvention on the other, and neither trailing year should be read at face value.
Comparison updated 2026-07-11.
| Metric | BP | YPF |
|---|---|---|
| Price | $37.12 | $45.38 |
| Market cap | $101.5B | $17.8B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | +2.1% |
| P/B | 1.37 | 1.61 |
| P/S | 0.53 | 0.96 |
| EV/EBITDA | 2.1 | 9.7 |
| Revenue growth | +6.9% | +9.1% |
| Gross margin | — | 27.6% |
| Operating margin | 6.6% | 9.4% |
| Net margin | 0.7% | -4.3% |
| Return on equity | 1.8% | -7.2% |
| Return on assets | 0.5% | -2.7% |
| Return on invested capital | 13.5% | 12.4% |
| FCF yield | 24.1% | 27.9% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 1.26 | 0.87 |
| Altman Z (solvency) | 1.23 | 1.36 |
| Piotroski F (quality) | 8 / 9 | 4 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.