vs
APA Corporation（APA）与PAR PACIFIC HOLDINGS, INC.（PARR）财务数据对比。点击上方公司名可切换其他公司
APA Corporation的季度营收约是PAR PACIFIC HOLDINGS, INC.的1.2倍（$2.2B vs $1.8B），APA Corporation净利率更高（15.0% vs 4.3%，领先10.7%），PAR PACIFIC HOLDINGS, INC.同比增速更快（-1.0% vs -24.3%），过去两年APA Corporation的营收复合增速更高（1.4% vs -4.3%）
APA Corporation是美国能源企业阿帕奇公司的控股主体，主要从事碳氢化合物资源勘探相关业务，在特拉华州注册成立，总部位于得克萨斯州休斯敦，是北美地区拥有丰富项目经验的能源勘探运营企业。
Par Pacific Holdings是总部位于美国休斯顿的油气勘探生产企业，曾在破产重组后以Par Petroleum Corporation为名运营，2015年10月20日正式更名为现名，2017年入选《财富》美国1000强企业。
APA vs PARR — 直观对比
营收规模更大
APA
是对方的1.2倍
$1.8B
营收增速更快
PARR
高出23.3%
-24.3%
净利率更高
APA
高出10.7%
4.3%
两年增速更快
APA
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.8B |
| 净利润 | $331.0M | $77.7M |
| 毛利率 | — | — |
| 营业利润率 | 32.5% | 5.5% |
| 净利率 | 15.0% | 4.3% |
| 营收同比 | -24.3% | -1.0% |
| 净利润同比 | -22.1% | 239.5% |
| 每股收益（稀释后） | $0.79 | $1.40 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APAPARR
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.3B | $1.9B | ||
| Q1 25 | $2.7B | $1.7B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $2.8B | $2.0B | ||
| Q1 24 | $2.1B | $2.0B |
净利润APAPARR
| Q4 25 | $331.0M | $77.7M | ||
| Q3 25 | $205.0M | $262.6M | ||
| Q2 25 | $603.0M | $59.5M | ||
| Q1 25 | $418.0M | $-30.4M | ||
| Q4 24 | $425.0M | $-55.7M | ||
| Q3 24 | $-223.0M | $7.5M | ||
| Q2 24 | $541.0M | $18.6M | ||
| Q1 24 | $212.0M | $-3.8M |
营业利润率APAPARR
| Q4 25 | 32.5% | 5.5% | ||
| Q3 25 | 33.7% | 17.8% | ||
| Q2 25 | 31.8% | 5.1% | ||
| Q1 25 | 31.9% | -0.9% | ||
| Q4 24 | 31.4% | -2.6% | ||
| Q3 24 | -5.2% | 1.7% | ||
| Q2 24 | 34.4% | 2.4% | ||
| Q1 24 | 32.2% | 0.5% |
净利率APAPARR
| Q4 25 | 15.0% | 4.3% | ||
| Q3 25 | 9.0% | 13.0% | ||
| Q2 25 | 26.0% | 3.1% | ||
| Q1 25 | 15.4% | -1.7% | ||
| Q4 24 | 14.6% | -3.0% | ||
| Q3 24 | -8.1% | 0.3% | ||
| Q2 24 | 19.0% | 0.9% | ||
| Q1 24 | 9.9% | -0.2% |
每股收益（稀释后）APAPARR
| Q4 25 | $0.79 | $1.40 | ||
| Q3 25 | $0.57 | $5.16 | ||
| Q2 25 | $1.67 | $1.17 | ||
| Q1 25 | $0.96 | $-0.57 | ||
| Q4 24 | $0.97 | $-0.98 | ||
| Q3 24 | $-0.60 | $0.13 | ||
| Q2 24 | $1.46 | $0.32 | ||
| Q1 24 | $0.44 | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $516.0M | $164.1M |
| 总债务越低越好 | $4.3B | $802.9M |
| 股东权益账面价值 | $6.1B | $1.5B |
| 总资产 | $17.8B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.70× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资APAPARR
| Q4 25 | $516.0M | $164.1M | ||
| Q3 25 | $475.0M | $159.1M | ||
| Q2 25 | $107.0M | $169.2M | ||
| Q1 25 | $67.0M | $133.7M | ||
| Q4 24 | $625.0M | $191.9M | ||
| Q3 24 | $64.0M | $183.0M | ||
| Q2 24 | $160.0M | $179.7M | ||
| Q1 24 | $102.0M | $228.3M |
总债务APAPARR
| Q4 25 | $4.3B | $802.9M | ||
| Q3 25 | $4.3B | $967.1M | ||
| Q2 25 | $4.3B | $1.1B | ||
| Q1 25 | $5.2B | $1.2B | ||
| Q4 24 | $6.0B | $1.1B | ||
| Q3 24 | $6.4B | $1.0B | ||
| Q2 24 | $6.7B | $1.1B | ||
| Q1 24 | $5.2B | $639.5M |
股东权益APAPARR
| Q4 25 | $6.1B | $1.5B | ||
| Q3 25 | $6.0B | $1.4B | ||
| Q2 25 | $5.9B | $1.1B | ||
| Q1 25 | $5.4B | $1.1B | ||
| Q4 24 | $5.3B | $1.2B | ||
| Q3 24 | $5.1B | $1.3B | ||
| Q2 24 | $5.4B | $1.3B | ||
| Q1 24 | $2.6B | $1.3B |
总资产APAPARR
| Q4 25 | $17.8B | $3.8B | ||
| Q3 25 | $17.7B | $4.1B | ||
| Q2 25 | $18.1B | $3.9B | ||
| Q1 25 | $18.5B | $3.8B | ||
| Q4 24 | $19.4B | $3.8B | ||
| Q3 24 | $19.4B | $3.9B | ||
| Q2 24 | $20.2B | $3.9B | ||
| Q1 24 | $15.0B | $3.8B |
负债/权益比APAPARR
| Q4 25 | 0.70× | 0.53× | ||
| Q3 25 | 0.72× | 0.69× | ||
| Q2 25 | 0.73× | 0.97× | ||
| Q1 25 | 0.96× | 1.04× | ||
| Q4 24 | 1.13× | 0.93× | ||
| Q3 24 | 1.25× | 0.83× | ||
| Q2 24 | 1.24× | 0.84× | ||
| Q1 24 | 1.99× | 0.49× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $808.0M | $93.8M |
| 自由现金流经营现金流 - 资本支出 | — | $66.3M |
| 自由现金流率自由现金流/营收 | — | 3.7% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 2.44× | 1.21× |
| 过去12个月自由现金流最近4个季度 | — | $296.5M |
8季度趋势，按日历期对齐
经营现金流APAPARR
| Q4 25 | $808.0M | $93.8M | ||
| Q3 25 | $1.5B | $219.4M | ||
| Q2 25 | $1.2B | $133.6M | ||
| Q1 25 | $1.1B | $-1.4M | ||
| Q4 24 | $1.0B | $-15.5M | ||
| Q3 24 | $1.3B | $78.5M | ||
| Q2 24 | $877.0M | $-4.7M | ||
| Q1 24 | $368.0M | $25.4M |
自由现金流APAPARR
| 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 | ||
| Q1 24 | — | $2.8M |
自由现金流率APAPARR
| 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% | ||
| Q1 24 | — | 0.1% |
资本支出强度APAPARR
| 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% | ||
| Q1 24 | — | 1.1% |
现金转化率APAPARR
| Q4 25 | 2.44× | 1.21× | ||
| Q3 25 | 7.12× | 0.84× | ||
| Q2 25 | 1.96× | 2.25× | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | 10.48× | ||
| Q2 24 | 1.62× | -0.25× | ||
| Q1 24 | 1.74× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
PARR
| Distillates | $750.6M | 41% |
| Gasoline | $603.9M | 33% |
| Other Refined Products | $348.8M | 19% |
| Logistics | $73.7M | 4% |
| Other Revenues | $44.8M | 2% |
