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芝商所（CME）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
芝商所的季度营收约是PAR PACIFIC HOLDINGS, INC.的1.0倍（$1.9B vs $1.8B），PAR PACIFIC HOLDINGS, INC.净利率更高（4.3% vs 0.1%，领先4.2%），芝商所同比增速更快（14.5% vs -1.0%），过去两年芝商所的营收复合增速更高（10.8% vs -4.3%）
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
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。
CME vs PARR — 直观对比
营收规模更大
CME
是对方的1.0倍
$1.8B
营收增速更快
CME
高出15.5%
-1.0%
净利率更高
PARR
高出4.2%
0.1%
两年增速更快
CME
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.8B |
| 净利润 | $1.2M | $77.7M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 5.5% |
| 净利率 | 0.1% | 4.3% |
| 营收同比 | 14.5% | -1.0% |
| 净利润同比 | 20.7% | 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CMEPARR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.5B | $2.0B |
净利润CMEPARR
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $77.7M | ||
| Q3 25 | $908.0M | $262.6M | ||
| Q2 25 | $1.0B | $59.5M | ||
| Q1 25 | $956.2M | $-30.4M | ||
| Q4 24 | $874.6M | $-55.7M | ||
| Q3 24 | $912.8M | $7.5M | ||
| Q2 24 | $883.2M | $18.6M |
营业利润率CMEPARR
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 5.5% | ||
| Q3 25 | 63.3% | 17.8% | ||
| Q2 25 | 66.7% | 5.1% | ||
| Q1 25 | 67.5% | -0.9% | ||
| Q4 24 | 62.1% | -2.6% | ||
| Q3 24 | 64.6% | 1.7% | ||
| Q2 24 | 65.3% | 2.4% |
净利率CMEPARR
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 4.3% | ||
| Q3 25 | 59.1% | 13.0% | ||
| Q2 25 | 60.6% | 3.1% | ||
| Q1 25 | 58.2% | -1.7% | ||
| Q4 24 | 57.3% | -3.0% | ||
| Q3 24 | 57.6% | 0.3% | ||
| Q2 24 | 57.6% | 0.9% |
每股收益（稀释后）CMEPARR
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $1.40 | ||
| Q3 25 | $2.49 | $5.16 | ||
| Q2 25 | $2.81 | $1.17 | ||
| Q1 25 | $2.62 | $-0.57 | ||
| Q4 24 | $2.40 | $-0.98 | ||
| Q3 24 | $2.50 | $0.13 | ||
| Q2 24 | $2.42 | $0.32 |
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 | $2.4B | $164.1M |
| 总债务越低越好 | $3.4B | $802.9M |
| 股东权益账面价值 | — | $1.5B |
| 总资产 | $202.0B | $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CMEPARR
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $164.1M | ||
| Q3 25 | $2.6B | $159.1M | ||
| Q2 25 | $2.1B | $169.2M | ||
| Q1 25 | $1.5B | $133.7M | ||
| Q4 24 | $3.0B | $191.9M | ||
| Q3 24 | $2.4B | $183.0M | ||
| Q2 24 | $1.9B | $179.7M |
总债务CMEPARR
| Q1 26 | $3.4B | — | ||
| 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 |
股东权益CMEPARR
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $1.5B | ||
| Q3 25 | $28.2B | $1.4B | ||
| Q2 25 | $27.7B | $1.1B | ||
| Q1 25 | $27.0B | $1.1B | ||
| Q4 24 | $26.5B | $1.2B | ||
| Q3 24 | $28.2B | $1.3B | ||
| Q2 24 | $27.6B | $1.3B |
总资产CMEPARR
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $3.8B | ||
| Q3 25 | $187.1B | $4.1B | ||
| Q2 25 | $179.9B | $3.9B | ||
| Q1 25 | $157.8B | $3.8B | ||
| Q4 24 | $137.4B | $3.8B | ||
| Q3 24 | $137.8B | $3.9B | ||
| Q2 24 | $123.4B | $3.9B |
负债/权益比CMEPARR
| Q1 26 | — | — | ||
| 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× |
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 | — | $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 | — | 1.21× |
| 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CMEPARR
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $93.8M | ||
| Q3 25 | $968.1M | $219.4M | ||
| Q2 25 | $1.1B | $133.6M | ||
| Q1 25 | $1.1B | $-1.4M | ||
| Q4 24 | $1.0B | $-15.5M | ||
| Q3 24 | $1.0B | $78.5M | ||
| Q2 24 | $776.9M | $-4.7M |
自由现金流CMEPARR
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $66.3M | ||
| Q3 25 | $949.7M | $187.1M | ||
| Q2 25 | $1.0B | $85.5M | ||
| Q1 25 | $1.1B | $-42.3M | ||
| Q4 24 | $991.7M | $-63.1M | ||
| Q3 24 | $973.2M | $50.2M | ||
| Q2 24 | $758.7M | $-41.6M |
自由现金流率CMEPARR
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 3.7% | ||
| Q3 25 | 61.8% | 9.3% | ||
| Q2 25 | 61.5% | 4.5% | ||
| Q1 25 | 67.1% | -2.4% | ||
| Q4 24 | 65.0% | -3.4% | ||
| Q3 24 | 61.4% | 2.3% | ||
| Q2 24 | 49.5% | -2.1% |
资本支出强度CMEPARR
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 1.5% | ||
| Q3 25 | 1.2% | 1.6% | ||
| Q2 25 | 1.1% | 2.5% | ||
| Q1 25 | 0.9% | 2.3% | ||
| Q4 24 | 1.7% | 2.6% | ||
| Q3 24 | 1.9% | 1.3% | ||
| Q2 24 | 1.2% | 1.8% |
现金转化率CMEPARR
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 1.21× | ||
| Q3 25 | 1.07× | 0.84× | ||
| Q2 25 | 1.03× | 2.25× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.16× | — | ||
| Q3 24 | 1.10× | 10.48× | ||
| Q2 24 | 0.88× | -0.25× |
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
CME
暂无分部数据
PARR
| Distillates | $750.6M | 41% |
| Gasoline | $603.9M | 33% |
| Other Refined Products | $348.8M | 19% |
| Logistics | $73.7M | 4% |
| Other Revenues | $44.8M | 2% |
