vs
MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的1.9倍（$1.8B vs $965.7M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs 4.3%，领先1.1%），MSC INDUSTRIAL DIRECT CO INC同比增速更快（4.0% vs -1.0%），PAR PACIFIC HOLDINGS, INC.自由现金流更多（$66.3M vs $7.4M），过去两年MSC INDUSTRIAL DIRECT CO INC的营收复合增速更高（-3.4% vs -4.3%）
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
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。
MSM vs PARR — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $1.8B |
| 净利润 | $51.8M | $77.7M |
| 毛利率 | 40.7% | — |
| 营业利润率 | 7.9% | 5.5% |
| 净利率 | 5.4% | 4.3% |
| 营收同比 | 4.0% | -1.0% |
| 净利润同比 | 11.1% | 239.5% |
| 每股收益（稀释后） | $0.93 | $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
| Q4 25 | $965.7M | $1.8B | ||
| Q3 25 | $978.2M | $2.0B | ||
| Q2 25 | $971.1M | $1.9B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $928.5M | $1.8B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $979.4M | $2.0B | ||
| Q1 24 | $935.3M | $2.0B |
| Q4 25 | $51.8M | $77.7M | ||
| Q3 25 | $56.5M | $262.6M | ||
| Q2 25 | $56.8M | $59.5M | ||
| Q1 25 | — | $-30.4M | ||
| Q4 24 | $46.6M | $-55.7M | ||
| Q3 24 | — | $7.5M | ||
| Q2 24 | $71.7M | $18.6M | ||
| Q1 24 | $61.8M | $-3.8M |
| Q4 25 | 40.7% | — | ||
| Q3 25 | 40.4% | — | ||
| Q2 25 | 41.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.5% | — |
| Q4 25 | 7.9% | 5.5% | ||
| Q3 25 | 8.6% | 17.8% | ||
| Q2 25 | 8.5% | 5.1% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | 7.8% | -2.6% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | 10.9% | 2.4% | ||
| Q1 24 | 9.7% | 0.5% |
| Q4 25 | 5.4% | 4.3% | ||
| Q3 25 | 5.8% | 13.0% | ||
| Q2 25 | 5.9% | 3.1% | ||
| Q1 25 | — | -1.7% | ||
| Q4 24 | 5.0% | -3.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | 7.3% | 0.9% | ||
| Q1 24 | 6.6% | -0.2% |
| Q4 25 | $0.93 | $1.40 | ||
| Q3 25 | $1.02 | $5.16 | ||
| Q2 25 | $1.02 | $1.17 | ||
| Q1 25 | — | $-0.57 | ||
| Q4 24 | $0.83 | $-0.98 | ||
| Q3 24 | — | $0.13 | ||
| Q2 24 | $1.27 | $0.32 | ||
| Q1 24 | $1.10 | $-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 | $40.3M | $164.1M |
| 总债务越低越好 | $214.1M | $802.9M |
| 股东权益账面价值 | $1.4B | $1.5B |
| 总资产 | $2.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.53× |
8季度趋势，按日历期对齐
| Q4 25 | $40.3M | $164.1M | ||
| Q3 25 | $56.2M | $159.1M | ||
| Q2 25 | $71.7M | $169.2M | ||
| Q1 25 | — | $133.7M | ||
| Q4 24 | $57.3M | $191.9M | ||
| Q3 24 | — | $183.0M | ||
| Q2 24 | $25.9M | $179.7M | ||
| Q1 24 | $22.2M | $228.3M |
| Q4 25 | $214.1M | $802.9M | ||
| Q3 25 | $168.8M | $967.1M | ||
| Q2 25 | $285.0M | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $289.9M | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $299.8M | $1.1B | ||
| Q1 24 | $294.5M | $639.5M |
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $2.5B | $3.8B | ||
| Q3 25 | $2.5B | $4.1B | ||
| Q2 25 | $2.5B | $3.9B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | $2.5B | $3.9B | ||
| Q1 24 | $2.5B | $3.8B |
| Q4 25 | 0.16× | 0.53× | ||
| Q3 25 | 0.12× | 0.69× | ||
| Q2 25 | 0.21× | 0.97× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | 0.21× | 0.93× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | 0.21× | 0.84× | ||
| Q1 24 | 0.21× | 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 | $29.4M | $93.8M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $66.3M |
| 自由现金流率自由现金流/营收 | 0.8% | 3.7% |
| 资本支出强度资本支出/营收 | 2.3% | 1.5% |
| 现金转化率经营现金流/净利润 | 0.57× | 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
| Q4 25 | $29.4M | $93.8M | ||
| Q3 25 | — | $219.4M | ||
| Q2 25 | $151.6M | $133.6M | ||
| Q1 25 | — | $-1.4M | ||
| Q4 24 | $101.9M | $-15.5M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | $143.5M | $-4.7M | ||
| Q1 24 | $78.7M | $25.4M |
| Q4 25 | $7.4M | $66.3M | ||
| Q3 25 | — | $187.1M | ||
| Q2 25 | $100.7M | $85.5M | ||
| Q1 25 | — | $-42.3M | ||
| Q4 24 | $81.7M | $-63.1M | ||
| Q3 24 | — | $50.2M | ||
| Q2 24 | $114.0M | $-41.6M | ||
| Q1 24 | $53.4M | $2.8M |
| Q4 25 | 0.8% | 3.7% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | 10.4% | 4.5% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | 8.8% | -3.4% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | 11.6% | -2.1% | ||
| Q1 24 | 5.7% | 0.1% |
| Q4 25 | 2.3% | 1.5% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | 5.2% | 2.5% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 2.2% | 2.6% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | 3.0% | 1.8% | ||
| Q1 24 | 2.7% | 1.1% |
| Q4 25 | 0.57× | 1.21× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | 2.67× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | — | 10.48× | ||
| Q2 24 | 2.00× | -0.25× | ||
| Q1 24 | 1.27× | — |
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
MSM
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% |
