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Side-by-side financial comparison of PBF Energy Inc. (PBF) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.

PBF Energy Inc. is the larger business by last-quarter revenue ($7.1B vs $4.0B, roughly 1.8× Viking Holdings Ltd). Viking Holdings Ltd runs the higher net margin — 12.9% vs 1.1%, a 11.8% gap on every dollar of revenue.

PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

PBF vs VIK — Head-to-Head

Bigger by revenue
PBF
PBF
1.8× larger
PBF
$7.1B
$4.0B
VIK
Higher net margin
VIK
VIK
11.8% more per $
VIK
12.9%
1.1%
PBF

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PBF
PBF
VIK
VIK
Revenue
$7.1B
$4.0B
Net Profit
$78.4M
$514.0M
Gross Margin
-1.8%
73.4%
Operating Margin
1.8%
15.2%
Net Margin
1.1%
12.9%
Revenue YoY
-2.9%
Net Profit YoY
127.1%
35.4%
EPS (diluted)
$0.74
$1.15

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
PBF
PBF
VIK
VIK
Q4 25
$7.1B
Q3 25
$7.7B
$4.0B
Q2 25
$7.5B
$2.3B
Q1 25
$7.1B
$718.2M
Q4 24
$7.4B
Q3 24
$8.4B
$3.6B
Q2 24
$8.7B
$2.1B
Q1 24
$8.6B
Net Profit
PBF
PBF
VIK
VIK
Q4 25
$78.4M
Q3 25
$170.1M
$514.0M
Q2 25
$-5.2M
$439.2M
Q1 25
$-401.8M
$-105.5M
Q4 24
$-289.3M
Q3 24
$-285.9M
$379.7M
Q2 24
$-65.2M
$159.8M
Q1 24
$106.6M
Gross Margin
PBF
PBF
VIK
VIK
Q4 25
-1.8%
Q3 25
0.5%
73.4%
Q2 25
-0.8%
55.7%
Q1 25
-5.9%
17.3%
Q4 24
-4.2%
Q3 24
-3.4%
74.7%
Q2 24
0.1%
57.8%
Q1 24
2.5%
Operating Margin
PBF
PBF
VIK
VIK
Q4 25
1.8%
Q3 25
3.7%
15.2%
Q2 25
0.6%
23.7%
Q1 25
-7.2%
-1.3%
Q4 24
-5.2%
Q3 24
-4.6%
13.6%
Q2 24
-0.9%
20.5%
Q1 24
1.7%
Net Margin
PBF
PBF
VIK
VIK
Q4 25
1.1%
Q3 25
2.2%
12.9%
Q2 25
-0.1%
19.1%
Q1 25
-5.7%
-14.7%
Q4 24
-3.9%
Q3 24
-3.4%
10.6%
Q2 24
-0.7%
7.7%
Q1 24
1.2%
EPS (diluted)
PBF
PBF
VIK
VIK
Q4 25
$0.74
Q3 25
$1.45
$1.15
Q2 25
$-0.05
$0.99
Q1 25
$-3.53
$-0.24
Q4 24
$-2.41
Q3 24
$-2.49
$0.87
Q2 24
$-0.56
$0.38
Q1 24
$0.86

Balance Sheet & Financial Strength

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

Metric
PBF
PBF
VIK
VIK
Cash + ST InvestmentsLiquidity on hand
$527.9M
$3.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3B
$803.5M
Total Assets
$13.0B
$11.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBF
PBF
VIK
VIK
Q4 25
$527.9M
Q3 25
$482.0M
$3.0B
Q2 25
$590.7M
$2.6B
Q1 25
$468.6M
$2.8B
Q4 24
$536.1M
Q3 24
$976.7M
$2.4B
Q2 24
$1.4B
$1.8B
Q1 24
$1.4B
Stockholders' Equity
PBF
PBF
VIK
VIK
Q4 25
$5.3B
Q3 25
$5.2B
$803.5M
Q2 25
$5.1B
$278.3M
Q1 25
$5.1B
$-267.5M
Q4 24
$5.5B
Q3 24
$5.9B
$-688.9M
Q2 24
$6.3B
$-1.1B
Q1 24
$6.5B
Total Assets
PBF
PBF
VIK
VIK
Q4 25
$13.0B
Q3 25
$13.0B
$11.5B
Q2 25
$13.0B
$11.1B
Q1 25
$13.0B
$10.7B
Q4 24
$12.7B
Q3 24
$13.1B
Q2 24
$14.1B
Q1 24
$13.8B

Cash Flow & Capital Efficiency

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

Metric
PBF
PBF
VIK
VIK
Operating Cash FlowLast quarter
$366.6M
$663.9M
Free Cash FlowOCF − Capex
$77.0M
FCF MarginFCF / Revenue
1.1%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
4.68×
1.29×
TTM Free Cash FlowTrailing 4 quarters
$-783.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBF
PBF
VIK
VIK
Q4 25
$366.6M
Q3 25
$25.7M
$663.9M
Q2 25
$191.1M
$470.7M
Q1 25
$-661.4M
$587.9M
Q4 24
$-329.7M
Q3 24
$-68.0M
$828.7M
Q2 24
$425.3M
$419.8M
Q1 24
$15.8M
Free Cash Flow
PBF
PBF
VIK
VIK
Q4 25
$77.0M
Q3 25
$-122.8M
Q2 25
$35.0M
Q1 25
$-772.4M
Q4 24
$-425.7M
Q3 24
$-169.8M
Q2 24
$371.8M
Q1 24
$-123.8M
FCF Margin
PBF
PBF
VIK
VIK
Q4 25
1.1%
Q3 25
-1.6%
Q2 25
0.5%
Q1 25
-10.9%
Q4 24
-5.8%
Q3 24
-2.0%
Q2 24
4.3%
Q1 24
-1.4%
Capex Intensity
PBF
PBF
VIK
VIK
Q4 25
4.1%
Q3 25
1.9%
Q2 25
2.1%
Q1 25
1.6%
Q4 24
1.3%
Q3 24
1.2%
Q2 24
0.6%
Q1 24
1.6%
Cash Conversion
PBF
PBF
VIK
VIK
Q4 25
4.68×
Q3 25
0.15×
1.29×
Q2 25
1.07×
Q1 25
Q4 24
Q3 24
2.18×
Q2 24
2.63×
Q1 24
0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PBF
PBF

Gasoline And Distillate$6.4B89%
Asphaltand Residual Oil$283.6M4%
Other$149.4M2%
Chemicals$145.1M2%
Logistics Group$93.5M1%
Lubricants$81.9M1%

VIK
VIK

Segment breakdown not available.

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