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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) and PAR PACIFIC HOLDINGS, INC. (PARR). Click either name above to swap in a different company.

OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.8B, roughly 1.3× PAR PACIFIC HOLDINGS, INC.). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 4.3%, a 9.5% gap on every dollar of revenue. On growth, OLD REPUBLIC INTERNATIONAL CORP posted the faster year-over-year revenue change (6.7% vs -1.0%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs -4.3%).

Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.

Par Pacific Holdings is a Houston-based American oil and gas exploration and production company. Known as Par Petroleum Corporation after it emerged from bankruptcy, it was renamed Par Pacific Holdings on October 20, 2015. As of 2017 it was a Fortune 1000 corporation.

ORI vs PARR — Head-to-Head

Bigger by revenue
ORI
ORI
1.3× larger
ORI
$2.4B
$1.8B
PARR
Growing faster (revenue YoY)
ORI
ORI
+7.8% gap
ORI
6.7%
-1.0%
PARR
Higher net margin
ORI
ORI
9.5% more per $
ORI
13.8%
4.3%
PARR
Faster 2-yr revenue CAGR
ORI
ORI
Annualised
ORI
13.2%
-4.3%
PARR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ORI
ORI
PARR
PARR
Revenue
$2.4B
$1.8B
Net Profit
$330.0M
$77.7M
Gross Margin
Operating Margin
5.5%
Net Margin
13.8%
4.3%
Revenue YoY
6.7%
-1.0%
Net Profit YoY
-145.5%
239.5%
EPS (diluted)
$1.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ORI
ORI
PARR
PARR
Q1 26
$2.4B
Q4 25
$2.4B
$1.8B
Q3 25
$2.4B
$2.0B
Q2 25
$2.2B
$1.9B
Q1 25
$2.1B
$1.7B
Q4 24
$2.0B
$1.8B
Q3 24
$2.3B
$2.1B
Q2 24
$1.9B
$2.0B
Net Profit
ORI
ORI
PARR
PARR
Q1 26
$330.0M
Q4 25
$206.5M
$77.7M
Q3 25
$279.5M
$262.6M
Q2 25
$204.4M
$59.5M
Q1 25
$245.0M
$-30.4M
Q4 24
$105.3M
$-55.7M
Q3 24
$338.9M
$7.5M
Q2 24
$91.8M
$18.6M
Operating Margin
ORI
ORI
PARR
PARR
Q1 26
Q4 25
5.5%
Q3 25
14.6%
17.8%
Q2 25
11.8%
5.1%
Q1 25
14.6%
-0.9%
Q4 24
-2.6%
Q3 24
18.2%
1.7%
Q2 24
6.1%
2.4%
Net Margin
ORI
ORI
PARR
PARR
Q1 26
13.8%
Q4 25
8.6%
4.3%
Q3 25
11.5%
13.0%
Q2 25
9.3%
3.1%
Q1 25
11.6%
-1.7%
Q4 24
5.3%
-3.0%
Q3 24
14.5%
0.3%
Q2 24
4.9%
0.9%
EPS (diluted)
ORI
ORI
PARR
PARR
Q1 26
Q4 25
$0.82
$1.40
Q3 25
$1.11
$5.16
Q2 25
$0.81
$1.17
Q1 25
$0.98
$-0.57
Q4 24
$0.42
$-0.98
Q3 24
$1.32
$0.13
Q2 24
$0.35
$0.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ORI
ORI
PARR
PARR
Cash + ST InvestmentsLiquidity on hand
$164.1M
Total DebtLower is stronger
$802.9M
Stockholders' EquityBook value
$5.9M
$1.5B
Total Assets
$29.6M
$3.8B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORI
ORI
PARR
PARR
Q1 26
Q4 25
$164.1M
Q3 25
$159.1M
Q2 25
$169.2M
Q1 25
$133.7M
Q4 24
$191.9M
Q3 24
$183.0M
Q2 24
$179.7M
Total Debt
ORI
ORI
PARR
PARR
Q1 26
Q4 25
$802.9M
Q3 25
$967.1M
Q2 25
$1.1B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$1.1B
Stockholders' Equity
ORI
ORI
PARR
PARR
Q1 26
$5.9M
Q4 25
$5.9B
$1.5B
Q3 25
$6.4B
$1.4B
Q2 25
$6.2B
$1.1B
Q1 25
$5.9B
$1.1B
Q4 24
$5.6B
$1.2B
Q3 24
$6.4B
$1.3B
Q2 24
$6.0B
$1.3B
Total Assets
ORI
ORI
PARR
PARR
Q1 26
$29.6M
Q4 25
$29.9B
$3.8B
Q3 25
$30.3B
$4.1B
Q2 25
$29.3B
$3.9B
Q1 25
$28.0B
$3.8B
Q4 24
$27.8B
$3.8B
Q3 24
$28.8B
$3.9B
Q2 24
$27.5B
$3.9B
Debt / Equity
ORI
ORI
PARR
PARR
Q1 26
Q4 25
0.53×
Q3 25
0.69×
Q2 25
0.97×
Q1 25
1.04×
Q4 24
0.93×
Q3 24
0.83×
Q2 24
0.84×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ORI
ORI
PARR
PARR
Operating Cash FlowLast quarter
$93.8M
Free Cash FlowOCF − Capex
$66.3M
FCF MarginFCF / Revenue
3.7%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.21×
TTM Free Cash FlowTrailing 4 quarters
$296.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORI
ORI
PARR
PARR
Q1 26
Q4 25
$234.9M
$93.8M
Q3 25
$563.9M
$219.4M
Q2 25
$133.8M
$133.6M
Q1 25
$231.7M
$-1.4M
Q4 24
$361.7M
$-15.5M
Q3 24
$474.8M
$78.5M
Q2 24
$236.5M
$-4.7M
Free Cash Flow
ORI
ORI
PARR
PARR
Q1 26
Q4 25
$66.3M
Q3 25
$187.1M
Q2 25
$85.5M
Q1 25
$-42.3M
Q4 24
$-63.1M
Q3 24
$50.2M
Q2 24
$-41.6M
FCF Margin
ORI
ORI
PARR
PARR
Q1 26
Q4 25
3.7%
Q3 25
9.3%
Q2 25
4.5%
Q1 25
-2.4%
Q4 24
-3.4%
Q3 24
2.3%
Q2 24
-2.1%
Capex Intensity
ORI
ORI
PARR
PARR
Q1 26
Q4 25
1.5%
Q3 25
1.6%
Q2 25
2.5%
Q1 25
2.3%
Q4 24
2.6%
Q3 24
1.3%
Q2 24
1.8%
Cash Conversion
ORI
ORI
PARR
PARR
Q1 26
Q4 25
1.14×
1.21×
Q3 25
2.02×
0.84×
Q2 25
0.65×
2.25×
Q1 25
0.95×
Q4 24
3.43×
Q3 24
1.40×
10.48×
Q2 24
2.58×
-0.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ORI
ORI

operating$2.2B92%
net investment gains$201.8M8%

PARR
PARR

Distillates$750.6M41%
Gasoline$603.9M33%
Other Refined Products$348.8M19%
Logistics$73.7M4%
Other Revenues$44.8M2%

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