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布鲁克菲尔德资产管理（BAM）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
PAR PACIFIC HOLDINGS, INC.的季度营收约是布鲁克菲尔德资产管理的1.7倍（$1.8B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs 4.3%，领先52.4%）
布鲁克菲尔德资产管理有限公司是加美两地的另类资产管理机构，2022年12月从布鲁克菲尔德集团的资管业务分拆成立，在全球范围内管理不动产、基础设施、可再生能源、私募股权及信贷市场等领域的投资。
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。
BAM vs PARR — 直观对比
营收规模更大
PARR
是对方的1.7倍
$1.1B
净利率更高
BAM
高出52.4%
4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $615.0M | $77.7M |
| 毛利率 | — | — |
| 营业利润率 | 84.2% | 5.5% |
| 净利率 | 56.7% | 4.3% |
| 营收同比 | — | -1.0% |
| 净利润同比 | — | 239.5% |
| 每股收益（稀释后） | — | $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BAMPARR
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $974.0M | $2.0B | ||
| Q2 25 | $931.0M | $1.9B | ||
| Q1 25 | $954.0M | $1.7B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $873.0M | $2.1B | ||
| Q2 24 | $821.0M | $2.0B | ||
| Q1 24 | $786.0M | $2.0B |
净利润BAMPARR
| Q4 25 | $615.0M | $77.7M | ||
| Q3 25 | $692.0M | $262.6M | ||
| Q2 25 | $584.0M | $59.5M | ||
| Q1 25 | $507.0M | $-30.4M | ||
| Q4 24 | — | $-55.7M | ||
| Q3 24 | $537.0M | $7.5M | ||
| Q2 24 | $124.0M | $18.6M | ||
| Q1 24 | $373.0M | $-3.8M |
营业利润率BAMPARR
| Q4 25 | 84.2% | 5.5% | ||
| Q3 25 | 79.1% | 17.8% | ||
| Q2 25 | 70.8% | 5.1% | ||
| Q1 25 | 61.0% | -0.9% | ||
| Q4 24 | — | -2.6% | ||
| Q3 24 | 72.5% | 1.7% | ||
| Q2 24 | 80.4% | 2.4% | ||
| Q1 24 | 56.5% | 0.5% |
净利率BAMPARR
| Q4 25 | 56.7% | 4.3% | ||
| Q3 25 | 71.0% | 13.0% | ||
| Q2 25 | 62.7% | 3.1% | ||
| Q1 25 | 53.1% | -1.7% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | 61.5% | 0.3% | ||
| Q2 24 | 15.1% | 0.9% | ||
| Q1 24 | 47.5% | -0.2% |
每股收益（稀释后）BAMPARR
| Q4 25 | — | $1.40 | ||
| Q3 25 | — | $5.16 | ||
| Q2 25 | — | $1.17 | ||
| Q1 25 | — | $-0.57 | ||
| Q4 24 | — | $-0.98 | ||
| Q3 24 | — | $0.13 | ||
| Q2 24 | — | $0.32 | ||
| Q1 24 | — | $-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 | $1.6B | $164.1M |
| 总债务越低越好 | — | $802.9M |
| 股东权益账面价值 | $8.9B | $1.5B |
| 总资产 | $17.0B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资BAMPARR
| Q4 25 | $1.6B | $164.1M | ||
| Q3 25 | $1.1B | $159.1M | ||
| Q2 25 | $480.0M | $169.2M | ||
| Q1 25 | $332.0M | $133.7M | ||
| Q4 24 | — | $191.9M | ||
| Q3 24 | — | $183.0M | ||
| Q2 24 | $10.0M | $179.7M | ||
| Q1 24 | — | $228.3M |
总债务BAMPARR
| 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 | ||
| Q1 24 | — | $639.5M |
股东权益BAMPARR
| Q4 25 | $8.9B | $1.5B | ||
| Q3 25 | $8.5B | $1.4B | ||
| Q2 25 | $8.5B | $1.1B | ||
| Q1 25 | $8.5B | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $9.0B | $1.3B | ||
| Q2 24 | $3.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.3B |
总资产BAMPARR
| Q4 25 | $17.0B | $3.8B | ||
| Q3 25 | $16.5B | $4.1B | ||
| Q2 25 | $16.1B | $3.9B | ||
| Q1 25 | $15.0B | $3.8B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | $4.2B | $3.9B | ||
| Q1 24 | — | $3.8B |
负债/权益比BAMPARR
| 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× | ||
| Q1 24 | — | 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 | $562.0M | $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 | 0.91× | 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BAMPARR
| Q4 25 | $562.0M | $93.8M | ||
| Q3 25 | $745.0M | $219.4M | ||
| Q2 25 | $529.0M | $133.6M | ||
| Q1 25 | $265.0M | $-1.4M | ||
| Q4 24 | — | $-15.5M | ||
| Q3 24 | $567.0M | $78.5M | ||
| Q2 24 | $159.0M | $-4.7M | ||
| Q1 24 | $516.0M | $25.4M |
自由现金流BAMPARR
| 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BAMPARR
| 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BAMPARR
| 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BAMPARR
| Q4 25 | 0.91× | 1.21× | ||
| Q3 25 | 1.08× | 0.84× | ||
| Q2 25 | 0.91× | 2.25× | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.06× | 10.48× | ||
| Q2 24 | 1.28× | -0.25× | ||
| Q1 24 | 1.38× | — |
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
BAM
| Incentive Fees | $452.0M | 42% |
| Infrastruture | $332.0M | 31% |
| Private Equity | $174.0M | 16% |
| Renewable Power And Transition | $66.0M | 6% |
| Other | $47.0M | 4% |
| Management And Advisory Fees | $14.0M | 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% |
