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BRUNSWICK CORP（BC）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BRUNSWICK CORP的1.4倍（$1.8B vs $1.3B），PAR PACIFIC HOLDINGS, INC.净利率更高（4.3% vs 1.4%，领先2.9%），BRUNSWICK CORP同比增速更快（15.5% vs -1.0%），BRUNSWICK CORP自由现金流更多（$83.6M vs $66.3M），过去两年BRUNSWICK CORP的营收复合增速更高（-1.1% vs -4.3%）
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
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。
BC vs PARR — 直观对比
营收规模更大
PARR
是对方的1.4倍
$1.3B
营收增速更快
BC
高出16.5%
-1.0%
净利率更高
PARR
高出2.9%
1.4%
自由现金流更多
BC
多$17.3M
$66.3M
两年增速更快
BC
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.8B |
| 净利润 | $18.7M | $77.7M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 3.1% | 5.5% |
| 净利率 | 1.4% | 4.3% |
| 营收同比 | 15.5% | -1.0% |
| 净利润同比 | 122.7% | 239.5% |
| 每股收益（稀释后） | $0.32 | $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BCPARR
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $2.0B |
净利润BCPARR
| Q4 25 | $18.7M | $77.7M | ||
| Q3 25 | $-235.5M | $262.6M | ||
| Q2 25 | $59.3M | $59.5M | ||
| Q1 25 | $20.2M | $-30.4M | ||
| Q4 24 | $-82.5M | $-55.7M | ||
| Q3 24 | $44.6M | $7.5M | ||
| Q2 24 | $100.0M | $18.6M | ||
| Q1 24 | $68.0M | $-3.8M |
毛利率BCPARR
| Q4 25 | 23.1% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 27.4% | — |
营业利润率BCPARR
| Q4 25 | 3.1% | 5.5% | ||
| Q3 25 | -17.8% | 17.8% | ||
| Q2 25 | 7.1% | 5.1% | ||
| Q1 25 | 4.6% | -0.9% | ||
| Q4 24 | -4.8% | -2.6% | ||
| Q3 24 | 7.7% | 1.7% | ||
| Q2 24 | 11.0% | 2.4% | ||
| Q1 24 | 8.1% | 0.5% |
净利率BCPARR
| Q4 25 | 1.4% | 4.3% | ||
| Q3 25 | -17.3% | 13.0% | ||
| Q2 25 | 4.1% | 3.1% | ||
| Q1 25 | 1.7% | -1.7% | ||
| Q4 24 | -7.1% | -3.0% | ||
| Q3 24 | 3.5% | 0.3% | ||
| Q2 24 | 6.9% | 0.9% | ||
| Q1 24 | 5.0% | -0.2% |
每股收益（稀释后）BCPARR
| Q4 25 | $0.32 | $1.40 | ||
| Q3 25 | $-3.59 | $5.16 | ||
| Q2 25 | $0.89 | $1.17 | ||
| Q1 25 | $0.30 | $-0.57 | ||
| Q4 24 | $-1.21 | $-0.98 | ||
| Q3 24 | $0.67 | $0.13 | ||
| Q2 24 | $1.48 | $0.32 | ||
| Q1 24 | $0.99 | $-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 | $256.8M | $164.1M |
| 总债务越低越好 | $2.1B | $802.9M |
| 股东权益账面价值 | $1.6B | $1.5B |
| 总资产 | $5.3B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.30× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资BCPARR
| Q4 25 | $256.8M | $164.1M | ||
| Q3 25 | $297.7M | $159.1M | ||
| Q2 25 | $315.7M | $169.2M | ||
| Q1 25 | $286.7M | $133.7M | ||
| Q4 24 | $269.0M | $191.9M | ||
| Q3 24 | $284.1M | $183.0M | ||
| Q2 24 | $494.5M | $179.7M | ||
| Q1 24 | $548.4M | $228.3M |
总债务BCPARR
| Q4 25 | $2.1B | $802.9M | ||
| Q3 25 | — | $967.1M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $2.4B | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $639.5M |
股东权益BCPARR
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.0B | $1.3B | ||
| Q1 24 | $2.0B | $1.3B |
总资产BCPARR
| Q4 25 | $5.3B | $3.8B | ||
| Q3 25 | $5.4B | $4.1B | ||
| Q2 25 | $5.8B | $3.9B | ||
| Q1 25 | $5.9B | $3.8B | ||
| Q4 24 | $5.7B | $3.8B | ||
| Q3 24 | $6.0B | $3.9B | ||
| Q2 24 | $6.4B | $3.9B | ||
| Q1 24 | $6.5B | $3.8B |
负债/权益比BCPARR
| Q4 25 | 1.30× | 0.53× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | 1.25× | 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 | $132.9M | $93.8M |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $66.3M |
| 自由现金流率自由现金流/营收 | 6.3% | 3.7% |
| 资本支出强度资本支出/营收 | 3.7% | 1.5% |
| 现金转化率经营现金流/净利润 | 7.11× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $396.3M | $296.5M |
8季度趋势，按日历期对齐
经营现金流BCPARR
| Q4 25 | $132.9M | $93.8M | ||
| Q3 25 | $140.4M | $219.4M | ||
| Q2 25 | $316.2M | $133.6M | ||
| Q1 25 | $-27.4M | $-1.4M | ||
| Q4 24 | $306.4M | $-15.5M | ||
| Q3 24 | $67.4M | $78.5M | ||
| Q2 24 | $211.0M | $-4.7M | ||
| Q1 24 | $-153.4M | $25.4M |
自由现金流BCPARR
| Q4 25 | $83.6M | $66.3M | ||
| Q3 25 | $106.5M | $187.1M | ||
| Q2 25 | $271.3M | $85.5M | ||
| Q1 25 | $-65.1M | $-42.3M | ||
| Q4 24 | $276.1M | $-63.1M | ||
| Q3 24 | $31.4M | $50.2M | ||
| Q2 24 | $163.9M | $-41.6M | ||
| Q1 24 | $-207.4M | $2.8M |
自由现金流率BCPARR
| Q4 25 | 6.3% | 3.7% | ||
| Q3 25 | 7.8% | 9.3% | ||
| Q2 25 | 18.7% | 4.5% | ||
| Q1 25 | -5.3% | -2.4% | ||
| Q4 24 | 23.9% | -3.4% | ||
| Q3 24 | 2.5% | 2.3% | ||
| Q2 24 | 11.4% | -2.1% | ||
| Q1 24 | -15.2% | 0.1% |
资本支出强度BCPARR
| Q4 25 | 3.7% | 1.5% | ||
| Q3 25 | 2.5% | 1.6% | ||
| Q2 25 | 3.1% | 2.5% | ||
| Q1 25 | 3.1% | 2.3% | ||
| Q4 24 | 2.6% | 2.6% | ||
| Q3 24 | 2.8% | 1.3% | ||
| Q2 24 | 3.3% | 1.8% | ||
| Q1 24 | 4.0% | 1.1% |
现金转化率BCPARR
| Q4 25 | 7.11× | 1.21× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | 5.33× | 2.25× | ||
| Q1 25 | -1.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.51× | 10.48× | ||
| Q2 24 | 2.11× | -0.25× | ||
| Q1 24 | -2.26× | — |
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
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
PARR
| Distillates | $750.6M | 41% |
| Gasoline | $603.9M | 33% |
| Other Refined Products | $348.8M | 19% |
| Logistics | $73.7M | 4% |
| Other Revenues | $44.8M | 2% |
