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富兰克林邓普顿（BEN）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
富兰克林邓普顿的季度营收约是PAR PACIFIC HOLDINGS, INC.的1.3倍（$2.3B vs $1.8B），富兰克林邓普顿净利率更高（11.0% vs 4.3%，领先6.7%），富兰克林邓普顿同比增速更快（3.4% vs -1.0%），过去两年富兰克林邓普顿的营收复合增速更高（4.0% vs -4.3%）
富兰克林资源（运营品牌为富兰克林邓普顿）是美国跨国投资管理控股集团，1947年创立于纽约，纽交所上市代码为BEN，命名源自创始人敬仰的本杰明·富兰克林，是全球知名的综合投资服务机构。
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。
BEN vs PARR — 直观对比
营收规模更大
BEN
是对方的1.3倍
$1.8B
营收增速更快
BEN
高出4.4%
-1.0%
净利率更高
BEN
高出6.7%
4.3%
两年增速更快
BEN
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.8B |
| 净利润 | $255.5M | $77.7M |
| 毛利率 | — | — |
| 营业利润率 | 12.1% | 5.5% |
| 净利率 | 11.0% | 4.3% |
| 营收同比 | 3.4% | -1.0% |
| 净利润同比 | 56.2% | 239.5% |
| 每股收益（稀释后） | $0.46 | $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BENPARR
| Q4 25 | $2.3B | $1.8B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.1B | $2.0B | ||
| Q1 24 | $2.2B | $2.0B |
净利润BENPARR
| Q4 25 | $255.5M | $77.7M | ||
| Q3 25 | $117.6M | $262.6M | ||
| Q2 25 | $92.3M | $59.5M | ||
| Q1 25 | $151.4M | $-30.4M | ||
| Q4 24 | $163.6M | $-55.7M | ||
| Q3 24 | $-84.7M | $7.5M | ||
| Q2 24 | $174.0M | $18.6M | ||
| Q1 24 | $124.2M | $-3.8M |
营业利润率BENPARR
| Q4 25 | 12.1% | 5.5% | ||
| Q3 25 | 3.6% | 17.8% | ||
| Q2 25 | 7.5% | 5.1% | ||
| Q1 25 | 6.9% | -0.9% | ||
| Q4 24 | 9.7% | -2.6% | ||
| Q3 24 | -6.8% | 1.7% | ||
| Q2 24 | 10.5% | 2.4% | ||
| Q1 24 | 6.0% | 0.5% |
净利率BENPARR
| Q4 25 | 11.0% | 4.3% | ||
| Q3 25 | 5.0% | 13.0% | ||
| Q2 25 | 4.5% | 3.1% | ||
| Q1 25 | 7.2% | -1.7% | ||
| Q4 24 | 7.3% | -3.0% | ||
| Q3 24 | -3.8% | 0.3% | ||
| Q2 24 | 8.2% | 0.9% | ||
| Q1 24 | 5.8% | -0.2% |
每股收益（稀释后）BENPARR
| Q4 25 | $0.46 | $1.40 | ||
| Q3 25 | $0.21 | $5.16 | ||
| Q2 25 | $0.15 | $1.17 | ||
| Q1 25 | $0.26 | $-0.57 | ||
| Q4 24 | $0.29 | $-0.98 | ||
| Q3 24 | $-0.20 | $0.13 | ||
| Q2 24 | $0.32 | $0.32 | ||
| Q1 24 | $0.23 | $-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 | — | $164.1M |
| 总债务越低越好 | $2.4B | $802.9M |
| 股东权益账面价值 | $12.1B | $1.5B |
| 总资产 | $32.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资BENPARR
| Q4 25 | — | $164.1M | ||
| Q3 25 | — | $159.1M | ||
| Q2 25 | — | $169.2M | ||
| Q1 25 | — | $133.7M | ||
| Q4 24 | — | $191.9M | ||
| Q3 24 | — | $183.0M | ||
| Q2 24 | — | $179.7M | ||
| Q1 24 | — | $228.3M |
总债务BENPARR
| Q4 25 | $2.4B | $802.9M | ||
| Q3 25 | $2.4B | $967.1M | ||
| Q2 25 | $2.7B | $1.1B | ||
| Q1 25 | $2.7B | $1.2B | ||
| Q4 24 | $2.8B | $1.1B | ||
| Q3 24 | $2.8B | $1.0B | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $3.0B | $639.5M |
股东权益BENPARR
| Q4 25 | $12.1B | $1.5B | ||
| Q3 25 | $12.1B | $1.4B | ||
| Q2 25 | $12.2B | $1.1B | ||
| Q1 25 | $12.3B | $1.1B | ||
| Q4 24 | $12.5B | $1.2B | ||
| Q3 24 | $12.5B | $1.3B | ||
| Q2 24 | $12.9B | $1.3B | ||
| Q1 24 | $12.9B | $1.3B |
总资产BENPARR
| Q4 25 | $32.5B | $3.8B | ||
| Q3 25 | $32.4B | $4.1B | ||
| Q2 25 | $32.6B | $3.9B | ||
| Q1 25 | $32.0B | $3.8B | ||
| Q4 24 | $32.4B | $3.8B | ||
| Q3 24 | $32.5B | $3.9B | ||
| Q2 24 | $33.3B | $3.9B | ||
| Q1 24 | $32.9B | $3.8B |
负债/权益比BENPARR
| Q4 25 | 0.19× | 0.53× | ||
| Q3 25 | 0.20× | 0.69× | ||
| Q2 25 | 0.22× | 0.97× | ||
| Q1 25 | 0.22× | 1.04× | ||
| Q4 24 | 0.22× | 0.93× | ||
| Q3 24 | 0.22× | 0.83× | ||
| Q2 24 | 0.24× | 0.84× | ||
| Q1 24 | 0.24× | 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 | $-255.1M | $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 | -1.00× | 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BENPARR
| Q4 25 | $-255.1M | $93.8M | ||
| Q3 25 | $-20.7M | $219.4M | ||
| Q2 25 | $1.3B | $133.6M | ||
| Q1 25 | $-50.1M | $-1.4M | ||
| Q4 24 | $-145.2M | $-15.5M | ||
| Q3 24 | $558.2M | $78.5M | ||
| Q2 24 | $528.4M | $-4.7M | ||
| Q1 24 | $136.6M | $25.4M |
自由现金流BENPARR
| Q4 25 | — | $66.3M | ||
| Q3 25 | $-51.9M | $187.1M | ||
| Q2 25 | $1.3B | $85.5M | ||
| Q1 25 | $-87.6M | $-42.3M | ||
| Q4 24 | $-217.0M | $-63.1M | ||
| Q3 24 | $488.4M | $50.2M | ||
| Q2 24 | $482.3M | $-41.6M | ||
| Q1 24 | $94.9M | $2.8M |
自由现金流率BENPARR
| Q4 25 | — | 3.7% | ||
| Q3 25 | -2.2% | 9.3% | ||
| Q2 25 | 61.4% | 4.5% | ||
| Q1 25 | -4.1% | -2.4% | ||
| Q4 24 | -9.6% | -3.4% | ||
| Q3 24 | 22.1% | 2.3% | ||
| Q2 24 | 22.7% | -2.1% | ||
| Q1 24 | 4.4% | 0.1% |
资本支出强度BENPARR
| Q4 25 | — | 1.5% | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 0.7% | 2.5% | ||
| Q1 25 | 1.8% | 2.3% | ||
| Q4 24 | 3.2% | 2.6% | ||
| Q3 24 | 3.2% | 1.3% | ||
| Q2 24 | 2.2% | 1.8% | ||
| Q1 24 | 1.9% | 1.1% |
现金转化率BENPARR
| Q4 25 | -1.00× | 1.21× | ||
| Q3 25 | -0.18× | 0.84× | ||
| Q2 25 | 13.89× | 2.25× | ||
| Q1 25 | -0.33× | — | ||
| Q4 24 | -0.89× | — | ||
| Q3 24 | — | 10.48× | ||
| Q2 24 | 3.04× | -0.25× | ||
| Q1 24 | 1.10× | — |
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
BEN
| Investment Advisory Management And Administrative Service | $1.8B | 79% |
| Sales And Distribution Fees | $388.7M | 17% |
| Shareholder Service | $70.9M | 3% |
| Service Other | $19.6M | 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% |
