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PAR PACIFIC HOLDINGS, INC.（PARR）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
PAR PACIFIC HOLDINGS, INC.的季度营收约是北极星的1.1倍（$1.8B vs $1.7B），PAR PACIFIC HOLDINGS, INC.净利率更高（4.3% vs -2.8%，领先7.1%），北极星同比增速更快（8.0% vs -1.0%），PAR PACIFIC HOLDINGS, INC.自由现金流更多（$66.3M vs $-342.5M），过去两年PAR PACIFIC HOLDINGS, INC.的营收复合增速更高（-4.3% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
PARR vs PII — 直观对比
营收规模更大
PARR
是对方的1.1倍
$1.7B
营收增速更快
PII
高出9.0%
-1.0%
净利率更高
PARR
高出7.1%
-2.8%
自由现金流更多
PARR
多$408.8M
$-342.5M
两年增速更快
PARR
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.7B |
| 净利润 | $77.7M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | 5.5% | — |
| 净利率 | 4.3% | -2.8% |
| 营收同比 | -1.0% | 8.0% |
| 净利润同比 | 239.5% | 29.2% |
| 每股收益（稀释后） | $1.40 | $-0.83 |
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PARRPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.0B | $2.0B |
净利润PARRPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $77.7M | $-303.6M | ||
| Q3 25 | $262.6M | $-15.8M | ||
| Q2 25 | $59.5M | $-79.3M | ||
| Q1 25 | $-30.4M | $-66.8M | ||
| Q4 24 | $-55.7M | $10.6M | ||
| Q3 24 | $7.5M | $27.7M | ||
| Q2 24 | $18.6M | $68.7M |
毛利率PARRPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.6% |
营业利润率PARRPII
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | -16.7% | ||
| Q3 25 | 17.8% | 1.1% | ||
| Q2 25 | 5.1% | -0.7% | ||
| Q1 25 | -0.9% | -2.4% | ||
| Q4 24 | -2.6% | 3.7% | ||
| Q3 24 | 1.7% | 3.8% | ||
| Q2 24 | 2.4% | 6.1% |
净利率PARRPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | 4.3% | -15.8% | ||
| Q3 25 | 13.0% | -0.9% | ||
| Q2 25 | 3.1% | -4.3% | ||
| Q1 25 | -1.7% | -4.3% | ||
| Q4 24 | -3.0% | 0.6% | ||
| Q3 24 | 0.3% | 1.6% | ||
| Q2 24 | 0.9% | 3.5% |
每股收益（稀释后）PARRPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $1.40 | $-5.34 | ||
| Q3 25 | $5.16 | $-0.28 | ||
| Q2 25 | $1.17 | $-1.39 | ||
| Q1 25 | $-0.57 | $-1.17 | ||
| Q4 24 | $-0.98 | $0.18 | ||
| Q3 24 | $0.13 | $0.49 | ||
| Q2 24 | $0.32 | $1.21 |
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 | $282.0M |
| 总债务越低越好 | $802.9M | — |
| 股东权益账面价值 | $1.5B | $750.4M |
| 总资产 | $3.8B | $5.2B |
| 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PARRPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | $164.1M | $138.0M | ||
| Q3 25 | $159.1M | $335.5M | ||
| Q2 25 | $169.2M | $324.3M | ||
| Q1 25 | $133.7M | $291.7M | ||
| Q4 24 | $191.9M | $287.8M | ||
| Q3 24 | $183.0M | $291.3M | ||
| Q2 24 | $179.7M | $322.7M |
总债务PARRPII
| Q1 26 | — | — | ||
| Q4 25 | $802.9M | $1.5B | ||
| Q3 25 | $967.1M | $1.3B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.1B | $2.1B |
股东权益PARRPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $1.5B | $828.4M | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B |
总资产PARRPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $3.8B | $4.9B | ||
| Q3 25 | $4.1B | $5.3B | ||
| Q2 25 | $3.9B | $5.4B | ||
| Q1 25 | $3.8B | $5.5B | ||
| Q4 24 | $3.8B | $5.5B | ||
| Q3 24 | $3.9B | $5.6B | ||
| Q2 24 | $3.9B | $5.7B |
负债/权益比PARRPII
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | 1.82× | ||
| Q3 25 | 0.69× | 1.13× | ||
| Q2 25 | 0.97× | 1.17× | ||
| Q1 25 | 1.04× | 1.32× | ||
| Q4 24 | 0.93× | 1.27× | ||
| Q3 24 | 0.83× | 1.29× | ||
| Q2 24 | 0.84× | 1.56× |
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 | $-342.5M |
| 自由现金流率自由现金流/营收 | 3.7% | -20.6% |
| 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 | $168.0M |
8季度趋势，按日历期对齐
经营现金流PARRPII
| Q1 26 | — | — | ||
| Q4 25 | $93.8M | $178.7M | ||
| Q3 25 | $219.4M | $158.8M | ||
| Q2 25 | $133.6M | $320.3M | ||
| Q1 25 | $-1.4M | $83.2M | ||
| Q4 24 | $-15.5M | $206.3M | ||
| Q3 24 | $78.5M | $21.0M | ||
| Q2 24 | $-4.7M | $146.3M |
自由现金流PARRPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $66.3M | $114.0M | ||
| Q3 25 | $187.1M | $116.7M | ||
| Q2 25 | $85.5M | $279.8M | ||
| Q1 25 | $-42.3M | $47.6M | ||
| Q4 24 | $-63.1M | $137.3M | ||
| Q3 24 | $50.2M | $-32.4M | ||
| Q2 24 | $-41.6M | $79.1M |
自由现金流率PARRPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | 3.7% | 5.9% | ||
| Q3 25 | 9.3% | 6.3% | ||
| Q2 25 | 4.5% | 15.1% | ||
| Q1 25 | -2.4% | 3.1% | ||
| Q4 24 | -3.4% | 7.8% | ||
| Q3 24 | 2.3% | -1.9% | ||
| Q2 24 | -2.1% | 4.0% |
资本支出强度PARRPII
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 3.4% | ||
| Q3 25 | 1.6% | 2.3% | ||
| Q2 25 | 2.5% | 2.2% | ||
| Q1 25 | 2.3% | 2.3% | ||
| Q4 24 | 2.6% | 3.9% | ||
| Q3 24 | 1.3% | 3.1% | ||
| Q2 24 | 1.8% | 3.4% |
现金转化率PARRPII
| Q1 26 | — | — | ||
| Q4 25 | 1.21× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 19.46× | ||
| Q3 24 | 10.48× | 0.76× | ||
| Q2 24 | -0.25× | 2.13× |
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
PARR
| Distillates | $750.6M | 41% |
| Gasoline | $603.9M | 33% |
| Other Refined Products | $348.8M | 19% |
| Logistics | $73.7M | 4% |
| Other Revenues | $44.8M | 2% |
PII
暂无分部数据
