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Side-by-side financial comparison of PAR PACIFIC HOLDINGS, INC. (PARR) and VEON Ltd. (VEON). Click either name above to swap in a different company.

PAR PACIFIC HOLDINGS, INC. is the larger business by last-quarter revenue ($1.8B vs $1.1B, roughly 1.7× VEON Ltd.). VEON Ltd. runs the higher net margin — 55.9% vs 2.5%, a 53.4% gap on every dollar of revenue. On growth, VEON Ltd. posted the faster year-over-year revenue change (5.8% vs 4.5%).

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.

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

PARR vs VEON — Head-to-Head

Bigger by revenue
PARR
PARR
1.7× larger
PARR
$1.8B
$1.1B
VEON
Growing faster (revenue YoY)
VEON
VEON
+1.3% gap
VEON
5.8%
4.5%
PARR
Higher net margin
VEON
VEON
53.4% more per $
VEON
55.9%
2.5%
PARR

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
PARR
PARR
VEON
VEON
Revenue
$1.8B
$1.1B
Net Profit
$46.2M
$608.0M
Gross Margin
Operating Margin
3.1%
75.4%
Net Margin
2.5%
55.9%
Revenue YoY
4.5%
5.8%
Net Profit YoY
279.1%
583.1%
EPS (diluted)
$1.10
$0.34

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
PARR
PARR
VEON
VEON
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$2.0B
Q2 25
$1.9B
$1.1B
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$2.1B
Q2 24
$2.0B
$1.0B
Net Profit
PARR
PARR
VEON
VEON
Q1 26
$46.2M
Q4 25
$77.7M
Q3 25
$262.6M
Q2 25
$59.5M
$608.0M
Q1 25
$-30.4M
Q4 24
$-55.7M
Q3 24
$7.5M
Q2 24
$18.6M
$89.0M
Operating Margin
PARR
PARR
VEON
VEON
Q1 26
3.1%
Q4 25
5.5%
Q3 25
17.8%
Q2 25
5.1%
75.4%
Q1 25
-0.9%
Q4 24
-2.6%
Q3 24
1.7%
Q2 24
2.4%
27.1%
Net Margin
PARR
PARR
VEON
VEON
Q1 26
2.5%
Q4 25
4.3%
Q3 25
13.0%
Q2 25
3.1%
55.9%
Q1 25
-1.7%
Q4 24
-3.0%
Q3 24
0.3%
Q2 24
0.9%
8.7%
EPS (diluted)
PARR
PARR
VEON
VEON
Q1 26
$1.10
Q4 25
$1.40
Q3 25
$5.16
Q2 25
$1.17
$0.34
Q1 25
$-0.57
Q4 24
$-0.98
Q3 24
$0.13
Q2 24
$0.32
$0.04

Balance Sheet & Financial Strength

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

Metric
PARR
PARR
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$172.2M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$1.5B
Total Assets
$8.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PARR
PARR
VEON
VEON
Q1 26
$172.2M
Q4 25
$164.1M
Q3 25
$159.1M
Q2 25
$169.2M
$1.3B
Q1 25
$133.7M
Q4 24
$191.9M
Q3 24
$183.0M
Q2 24
$179.7M
$862.0M
Total Debt
PARR
PARR
VEON
VEON
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
PARR
PARR
VEON
VEON
Q1 26
$1.5B
Q4 25
$1.5B
Q3 25
$1.4B
Q2 25
$1.1B
$1.5B
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.3B
Q2 24
$1.3B
$1.1B
Total Assets
PARR
PARR
VEON
VEON
Q1 26
Q4 25
$3.8B
Q3 25
$4.1B
Q2 25
$3.9B
$8.5B
Q1 25
$3.8B
Q4 24
$3.8B
Q3 24
$3.9B
Q2 24
$3.9B
$7.3B
Debt / Equity
PARR
PARR
VEON
VEON
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×

Financial Flow Comparison

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

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