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PAR PACIFIC HOLDINGS, INC.（PARR）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
RYDER SYSTEM INC的季度营收约是PAR PACIFIC HOLDINGS, INC.的1.7倍（$3.1B vs $1.8B），PAR PACIFIC HOLDINGS, INC.净利率更高（4.3% vs 3.0%，领先1.3%），RYDER SYSTEM INC同比增速更快（1.0% vs -1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $66.3M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% 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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
PARR vs R — 直观对比
营收规模更大
R
是对方的1.7倍
$1.8B
营收增速更快
R
高出2.0%
-1.0%
净利率更高
PARR
高出1.3%
3.0%
自由现金流更多
R
多$206.7M
$66.3M
两年增速更快
R
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.1B |
| 净利润 | $77.7M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 5.5% | — |
| 净利率 | 4.3% | 3.0% |
| 营收同比 | -1.0% | 1.0% |
| 净利润同比 | 239.5% | -5.1% |
| 每股收益（稀释后） | $1.40 | $2.34 |
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PARRR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.7B | $3.1B | ||
| Q4 24 | $1.8B | $3.2B | ||
| Q3 24 | $2.1B | $3.2B | ||
| Q2 24 | $2.0B | $3.2B |
净利润PARRR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $77.7M | $132.0M | ||
| Q3 25 | $262.6M | $138.0M | ||
| Q2 25 | $59.5M | $131.0M | ||
| Q1 25 | $-30.4M | $98.0M | ||
| Q4 24 | $-55.7M | $135.0M | ||
| Q3 24 | $7.5M | $142.0M | ||
| Q2 24 | $18.6M | $127.0M |
营业利润率PARRR
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 5.6% | ||
| Q3 25 | 17.8% | 6.0% | ||
| Q2 25 | 5.1% | 5.8% | ||
| Q1 25 | -0.9% | 4.3% | ||
| Q4 24 | -2.6% | 5.7% | ||
| Q3 24 | 1.7% | 5.9% | ||
| Q2 24 | 2.4% | 5.6% |
净利率PARRR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 4.3% | 4.2% | ||
| Q3 25 | 13.0% | 4.4% | ||
| Q2 25 | 3.1% | 4.1% | ||
| Q1 25 | -1.7% | 3.1% | ||
| Q4 24 | -3.0% | 4.2% | ||
| Q3 24 | 0.3% | 4.5% | ||
| Q2 24 | 0.9% | 4.0% |
每股收益（稀释后）PARRR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $1.40 | $3.22 | ||
| Q3 25 | $5.16 | $3.32 | ||
| Q2 25 | $1.17 | $3.13 | ||
| Q1 25 | $-0.57 | $2.27 | ||
| Q4 24 | $-0.98 | $3.09 | ||
| Q3 24 | $0.13 | $3.24 | ||
| Q2 24 | $0.32 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $802.9M | — |
| 股东权益账面价值 | $1.5B | $2.9B |
| 总资产 | $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PARRR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $164.1M | $198.0M | ||
| Q3 25 | $159.1M | $189.0M | ||
| Q2 25 | $169.2M | $180.0M | ||
| Q1 25 | $133.7M | $151.0M | ||
| Q4 24 | $191.9M | $154.0M | ||
| Q3 24 | $183.0M | $162.0M | ||
| Q2 24 | $179.7M | $164.0M |
总债务PARRR
| Q1 26 | — | — | ||
| Q4 25 | $802.9M | $6.8B | ||
| Q3 25 | $967.1M | $7.3B | ||
| Q2 25 | $1.1B | $7.0B | ||
| Q1 25 | $1.2B | $6.7B | ||
| Q4 24 | $1.1B | $6.7B | ||
| Q3 24 | $1.0B | $6.6B | ||
| Q2 24 | $1.1B | $6.5B |
股东权益PARRR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $1.5B | $3.1B | ||
| Q3 25 | $1.4B | $3.1B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.3B | $3.1B | ||
| Q2 24 | $1.3B | $3.1B |
总资产PARRR
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $16.4B | ||
| Q3 25 | $4.1B | $16.5B | ||
| Q2 25 | $3.9B | $16.5B | ||
| Q1 25 | $3.8B | $16.4B | ||
| Q4 24 | $3.8B | $16.7B | ||
| Q3 24 | $3.9B | $16.5B | ||
| Q2 24 | $3.9B | $16.4B |
负债/权益比PARRR
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | 2.24× | ||
| Q3 25 | 0.69× | 2.35× | ||
| Q2 25 | 0.97× | 2.27× | ||
| Q1 25 | 1.04× | 2.21× | ||
| Q4 24 | 0.93× | 2.14× | ||
| Q3 24 | 0.83× | 2.17× | ||
| Q2 24 | 0.84× | 2.09× |
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 | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $66.3M | $273.0M |
| 自由现金流率自由现金流/营收 | 3.7% | 8.7% |
| 资本支出强度资本支出/营收 | 1.5% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.21× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $296.5M | $595.0M |
8季度趋势，按日历期对齐
经营现金流PARRR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $93.8M | $749.0M | ||
| Q3 25 | $219.4M | $442.0M | ||
| Q2 25 | $133.6M | $752.0M | ||
| Q1 25 | $-1.4M | $651.0M | ||
| Q4 24 | $-15.5M | $558.0M | ||
| Q3 24 | $78.5M | $629.0M | ||
| Q2 24 | $-4.7M | $552.0M |
自由现金流PARRR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $66.3M | $344.0M | ||
| Q3 25 | $187.1M | $-85.0M | ||
| Q2 25 | $85.5M | $63.0M | ||
| Q1 25 | $-42.3M | $137.0M | ||
| Q4 24 | $-63.1M | $-201.0M | ||
| Q3 24 | $50.2M | $30.0M | ||
| Q2 24 | $-41.6M | $-87.0M |
自由现金流率PARRR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 3.7% | 10.8% | ||
| Q3 25 | 9.3% | -2.7% | ||
| Q2 25 | 4.5% | 2.0% | ||
| Q1 25 | -2.4% | 4.4% | ||
| Q4 24 | -3.4% | -6.3% | ||
| Q3 24 | 2.3% | 0.9% | ||
| Q2 24 | -2.1% | -2.7% |
资本支出强度PARRR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 1.5% | 12.8% | ||
| Q3 25 | 1.6% | 16.6% | ||
| Q2 25 | 2.5% | 21.6% | ||
| Q1 25 | 2.3% | 16.4% | ||
| Q4 24 | 2.6% | 23.8% | ||
| Q3 24 | 1.3% | 18.9% | ||
| Q2 24 | 1.8% | 20.1% |
现金转化率PARRR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.21× | 5.67× | ||
| Q3 25 | 0.84× | 3.20× | ||
| Q2 25 | 2.25× | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | 10.48× | 4.43× | ||
| Q2 24 | -0.25× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
