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PAR PACIFIC HOLDINGS, INC.（PARR）与滨特尔（PNR）财务数据对比。点击上方公司名可切换其他公司
PAR PACIFIC HOLDINGS, INC.的季度营收约是滨特尔的1.7倍（$1.8B vs $1.0B），滨特尔净利率更高（16.6% vs 4.3%，领先12.3%），滨特尔同比增速更快（2.6% vs -1.0%），PAR PACIFIC HOLDINGS, INC.自由现金流更多（$66.3M vs $-85.7M），过去两年滨特尔的营收复合增速更高（-2.9% vs -4.3%）
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。
滨特尔（股票代码PNR）是知名水处理企业，注册地位于爱尔兰，税务居民身份归属英国，美国区总部设于明尼苏达州金谷市。品牌起源于美国，2017年数据显示其65%的营收来自美国和加拿大，2014年集团完成架构重组，注册地由瑞士变更为爱尔兰。
PARR vs PNR — 直观对比
营收规模更大
PARR
是对方的1.7倍
$1.0B
营收增速更快
PNR
高出3.6%
-1.0%
净利率更高
PNR
高出12.3%
4.3%
自由现金流更多
PARR
多$152.0M
$-85.7M
两年增速更快
PNR
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.0B |
| 净利润 | $77.7M | $172.4M |
| 毛利率 | — | 41.8% |
| 营业利润率 | 5.5% | 20.3% |
| 净利率 | 4.3% | 16.6% |
| 营收同比 | -1.0% | 2.6% |
| 净利润同比 | 239.5% | 11.3% |
| 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PARRPNR
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $2.0B | $1.0B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.8B | $972.9M | ||
| Q3 24 | $2.1B | $993.4M | ||
| Q2 24 | $2.0B | $1.1B |
净利润PARRPNR
| Q1 26 | — | $172.4M | ||
| Q4 25 | $77.7M | $166.1M | ||
| Q3 25 | $262.6M | $184.3M | ||
| Q2 25 | $59.5M | $148.5M | ||
| Q1 25 | $-30.4M | $154.9M | ||
| Q4 24 | $-55.7M | $166.4M | ||
| Q3 24 | $7.5M | $139.6M | ||
| Q2 24 | $18.6M | $186.1M |
毛利率PARRPNR
| Q1 26 | — | 41.8% | ||
| Q4 25 | — | 40.4% | ||
| Q3 25 | — | 41.0% | ||
| Q2 25 | — | 40.7% | ||
| Q1 25 | — | 39.9% | ||
| Q4 24 | — | 38.8% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | 39.8% |
营业利润率PARRPNR
| Q1 26 | — | 20.3% | ||
| Q4 25 | 5.5% | 20.1% | ||
| Q3 25 | 17.8% | 22.7% | ||
| Q2 25 | 5.1% | 19.4% | ||
| Q1 25 | -0.9% | 20.1% | ||
| Q4 24 | -2.6% | 20.1% | ||
| Q3 24 | 1.7% | 18.1% | ||
| Q2 24 | 2.4% | 22.6% |
净利率PARRPNR
| Q1 26 | — | 16.6% | ||
| Q4 25 | 4.3% | 16.3% | ||
| Q3 25 | 13.0% | 18.0% | ||
| Q2 25 | 3.1% | 13.2% | ||
| Q1 25 | -1.7% | 15.3% | ||
| Q4 24 | -3.0% | 17.1% | ||
| Q3 24 | 0.3% | 14.1% | ||
| Q2 24 | 0.9% | 16.9% |
每股收益（稀释后）PARRPNR
| Q1 26 | — | — | ||
| Q4 25 | $1.40 | $1.01 | ||
| Q3 25 | $5.16 | $1.12 | ||
| Q2 25 | $1.17 | $0.90 | ||
| Q1 25 | $-0.57 | $0.93 | ||
| Q4 24 | $-0.98 | $0.99 | ||
| Q3 24 | $0.13 | $0.84 | ||
| Q2 24 | $0.32 | $1.11 |
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 | $67.7M |
| 总债务越低越好 | $802.9M | $1.9B |
| 股东权益账面价值 | $1.5B | $3.8B |
| 总资产 | $3.8B | $7.1B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资PARRPNR
| Q1 26 | — | $67.7M | ||
| Q4 25 | $164.1M | — | ||
| Q3 25 | $159.1M | $128.4M | ||
| Q2 25 | $169.2M | $143.0M | ||
| Q1 25 | $133.7M | $140.6M | ||
| Q4 24 | $191.9M | $118.7M | ||
| Q3 24 | $183.0M | $218.1M | ||
| Q2 24 | $179.7M | $214.3M |
总债务PARRPNR
| Q1 26 | — | $1.9B | ||
| Q4 25 | $802.9M | $1.6B | ||
| Q3 25 | $967.1M | $1.6B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.1B | $1.8B |
股东权益PARRPNR
| Q1 26 | — | $3.8B | ||
| Q4 25 | $1.5B | $3.9B | ||
| Q3 25 | $1.4B | $3.8B | ||
| Q2 25 | $1.1B | $3.7B | ||
| Q1 25 | $1.1B | $3.6B | ||
| Q4 24 | $1.2B | $3.6B | ||
| Q3 24 | $1.3B | $3.5B | ||
| Q2 24 | $1.3B | $3.4B |
总资产PARRPNR
| Q1 26 | — | $7.1B | ||
| Q4 25 | $3.8B | $6.9B | ||
| Q3 25 | $4.1B | $6.8B | ||
| Q2 25 | $3.9B | $6.5B | ||
| Q1 25 | $3.8B | $6.7B | ||
| Q4 24 | $3.8B | $6.4B | ||
| Q3 24 | $3.9B | $6.5B | ||
| Q2 24 | $3.9B | $6.5B |
负债/权益比PARRPNR
| Q1 26 | — | 0.51× | ||
| Q4 25 | 0.53× | 0.42× | ||
| Q3 25 | 0.69× | 0.42× | ||
| Q2 25 | 0.97× | 0.38× | ||
| Q1 25 | 1.04× | 0.51× | ||
| Q4 24 | 0.93× | 0.46× | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.84× | 0.51× |
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 | $-85.7M |
| 自由现金流率自由现金流/营收 | 3.7% | -8.3% |
| 资本支出强度资本支出/营收 | 1.5% | 1.8% |
| 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 | $716.0M |
8季度趋势，按日历期对齐
经营现金流PARRPNR
| Q1 26 | — | — | ||
| Q4 25 | $93.8M | $50.8M | ||
| Q3 25 | $219.4M | $196.3M | ||
| Q2 25 | $133.6M | $606.6M | ||
| Q1 25 | $-1.4M | $-38.9M | ||
| Q4 24 | $-15.5M | $86.5M | ||
| Q3 24 | $78.5M | $248.6M | ||
| Q2 24 | $-4.7M | $539.2M |
自由现金流PARRPNR
| Q1 26 | — | $-85.7M | ||
| Q4 25 | $66.3M | $27.1M | ||
| Q3 25 | $187.1M | $178.9M | ||
| Q2 25 | $85.5M | $595.7M | ||
| Q1 25 | $-42.3M | $-55.7M | ||
| Q4 24 | $-63.1M | $63.8M | ||
| Q3 24 | $50.2M | $233.2M | ||
| Q2 24 | $-41.6M | $522.2M |
自由现金流率PARRPNR
| Q1 26 | — | -8.3% | ||
| Q4 25 | 3.7% | 2.7% | ||
| Q3 25 | 9.3% | 17.5% | ||
| Q2 25 | 4.5% | 53.0% | ||
| Q1 25 | -2.4% | -5.5% | ||
| Q4 24 | -3.4% | 6.6% | ||
| Q3 24 | 2.3% | 23.5% | ||
| Q2 24 | -2.1% | 47.5% |
资本支出强度PARRPNR
| Q1 26 | — | 1.8% | ||
| Q4 25 | 1.5% | 2.3% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 2.5% | 1.0% | ||
| Q1 25 | 2.3% | 1.7% | ||
| Q4 24 | 2.6% | 2.3% | ||
| Q3 24 | 1.3% | 1.6% | ||
| Q2 24 | 1.8% | 1.5% |
现金转化率PARRPNR
| Q1 26 | — | — | ||
| Q4 25 | 1.21× | 0.31× | ||
| Q3 25 | 0.84× | 1.07× | ||
| Q2 25 | 2.25× | 4.08× | ||
| Q1 25 | — | -0.25× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | 10.48× | 1.78× | ||
| Q2 24 | -0.25× | 2.90× |
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% |
PNR
| Water Solutions | $391.0M | 38% |
| Pool | $387.1M | 37% |
| Flow | $258.1M | 25% |
