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PAR PACIFIC HOLDINGS, INC.（PARR）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
PAR PACIFIC HOLDINGS, INC.的季度营收约是瑞思迈的1.3倍（$1.8B vs $1.4B），瑞思迈净利率更高（27.6% vs 4.3%，领先23.3%），瑞思迈同比增速更快（11.0% vs -1.0%），瑞思迈自由现金流更多（$311.2M vs $66.3M），过去两年瑞思迈的营收复合增速更高（9.0% 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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
PARR vs RMD — 直观对比
营收规模更大
PARR
是对方的1.3倍
$1.4B
营收增速更快
RMD
高出12.0%
-1.0%
净利率更高
RMD
高出23.3%
4.3%
自由现金流更多
RMD
多$244.9M
$66.3M
两年增速更快
RMD
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $77.7M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 5.5% | 34.6% |
| 净利率 | 4.3% | 27.6% |
| 营收同比 | -1.0% | 11.0% |
| 净利润同比 | 239.5% | 13.9% |
| 每股收益（稀释后） | $1.40 | $2.68 |
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PARRRMD
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $2.0B | $1.2B |
净利润PARRRMD
| Q4 25 | $77.7M | $392.6M | ||
| Q3 25 | $262.6M | $348.5M | ||
| Q2 25 | $59.5M | $379.7M | ||
| Q1 25 | $-30.4M | $365.0M | ||
| Q4 24 | $-55.7M | $344.6M | ||
| Q3 24 | $7.5M | $311.4M | ||
| Q2 24 | $18.6M | $292.2M | ||
| Q1 24 | $-3.8M | $300.5M |
毛利率PARRRMD
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 57.9% |
营业利润率PARRRMD
| Q4 25 | 5.5% | 34.6% | ||
| Q3 25 | 17.8% | 33.4% | ||
| Q2 25 | 5.1% | 33.7% | ||
| Q1 25 | -0.9% | 33.0% | ||
| Q4 24 | -2.6% | 32.5% | ||
| Q3 24 | 1.7% | 31.6% | ||
| Q2 24 | 2.4% | 31.2% | ||
| Q1 24 | 0.5% | 31.3% |
净利率PARRRMD
| Q4 25 | 4.3% | 27.6% | ||
| Q3 25 | 13.0% | 26.1% | ||
| Q2 25 | 3.1% | 28.2% | ||
| Q1 25 | -1.7% | 28.3% | ||
| Q4 24 | -3.0% | 26.9% | ||
| Q3 24 | 0.3% | 25.4% | ||
| Q2 24 | 0.9% | 23.9% | ||
| Q1 24 | -0.2% | 25.1% |
每股收益（稀释后）PARRRMD
| Q4 25 | $1.40 | $2.68 | ||
| Q3 25 | $5.16 | $2.37 | ||
| Q2 25 | $1.17 | $2.58 | ||
| Q1 25 | $-0.57 | $2.48 | ||
| Q4 24 | $-0.98 | $2.34 | ||
| Q3 24 | $0.13 | $2.11 | ||
| Q2 24 | $0.32 | $1.97 | ||
| Q1 24 | $-0.06 | $2.04 |
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 | $1.4B |
| 总债务越低越好 | $802.9M | $403.9M |
| 股东权益账面价值 | $1.5B | $6.3B |
| 总资产 | $3.8B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资PARRRMD
| Q4 25 | $164.1M | $1.4B | ||
| Q3 25 | $159.1M | $1.4B | ||
| Q2 25 | $169.2M | $1.2B | ||
| Q1 25 | $133.7M | $932.7M | ||
| Q4 24 | $191.9M | $521.9M | ||
| Q3 24 | $183.0M | $426.4M | ||
| Q2 24 | $179.7M | $238.4M | ||
| Q1 24 | $228.3M | $237.9M |
总债务PARRRMD
| Q4 25 | $802.9M | $403.9M | ||
| Q3 25 | $967.1M | $408.7M | ||
| Q2 25 | $1.1B | $658.4M | ||
| Q1 25 | $1.2B | $663.1M | ||
| Q4 24 | $1.1B | $662.9M | ||
| Q3 24 | $1.0B | $667.6M | ||
| Q2 24 | $1.1B | $697.3M | ||
| Q1 24 | $639.5M | $997.0M |
股东权益PARRRMD
| Q4 25 | $1.5B | $6.3B | ||
| Q3 25 | $1.4B | $6.1B | ||
| Q2 25 | $1.1B | $6.0B | ||
| Q1 25 | $1.1B | $5.5B | ||
| Q4 24 | $1.2B | $5.3B | ||
| Q3 24 | $1.3B | $5.2B | ||
| Q2 24 | $1.3B | $4.9B | ||
| Q1 24 | $1.3B | $4.6B |
总资产PARRRMD
| Q4 25 | $3.8B | $8.5B | ||
| Q3 25 | $4.1B | $8.3B | ||
| Q2 25 | $3.9B | $8.2B | ||
| Q1 25 | $3.8B | $7.6B | ||
| Q4 24 | $3.8B | $7.1B | ||
| Q3 24 | $3.9B | $7.2B | ||
| Q2 24 | $3.9B | $6.9B | ||
| Q1 24 | $3.8B | $6.8B |
负债/权益比PARRRMD
| Q4 25 | 0.53× | 0.06× | ||
| Q3 25 | 0.69× | 0.07× | ||
| Q2 25 | 0.97× | 0.11× | ||
| Q1 25 | 1.04× | 0.12× | ||
| Q4 24 | 0.93× | 0.13× | ||
| Q3 24 | 0.83× | 0.13× | ||
| Q2 24 | 0.84× | 0.14× | ||
| Q1 24 | 0.49× | 0.22× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $66.3M | $311.2M |
| 自由现金流率自由现金流/营收 | 3.7% | 21.9% |
| 资本支出强度资本支出/营收 | 1.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.21× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $296.5M | $1.8B |
8季度趋势，按日历期对齐
经营现金流PARRRMD
| Q4 25 | $93.8M | $339.7M | ||
| Q3 25 | $219.4M | $457.3M | ||
| Q2 25 | $133.6M | $538.8M | ||
| Q1 25 | $-1.4M | $578.7M | ||
| Q4 24 | $-15.5M | $308.6M | ||
| Q3 24 | $78.5M | $325.5M | ||
| Q2 24 | $-4.7M | $440.1M | ||
| Q1 24 | $25.4M | $402.0M |
自由现金流PARRRMD
| Q4 25 | $66.3M | $311.2M | ||
| Q3 25 | $187.1M | $414.4M | ||
| Q2 25 | $85.5M | $508.2M | ||
| Q1 25 | $-42.3M | $557.9M | ||
| Q4 24 | $-63.1M | $288.0M | ||
| Q3 24 | $50.2M | $307.7M | ||
| Q2 24 | $-41.6M | $415.2M | ||
| Q1 24 | $2.8M | $380.8M |
自由现金流率PARRRMD
| Q4 25 | 3.7% | 21.9% | ||
| Q3 25 | 9.3% | 31.0% | ||
| Q2 25 | 4.5% | 37.7% | ||
| Q1 25 | -2.4% | 43.2% | ||
| Q4 24 | -3.4% | 22.5% | ||
| Q3 24 | 2.3% | 25.1% | ||
| Q2 24 | -2.1% | 33.9% | ||
| Q1 24 | 0.1% | 31.8% |
资本支出强度PARRRMD
| Q4 25 | 1.5% | 2.0% | ||
| Q3 25 | 1.6% | 3.2% | ||
| Q2 25 | 2.5% | 2.3% | ||
| Q1 25 | 2.3% | 1.6% | ||
| Q4 24 | 2.6% | 1.6% | ||
| Q3 24 | 1.3% | 1.5% | ||
| Q2 24 | 1.8% | 2.0% | ||
| Q1 24 | 1.1% | 1.8% |
现金转化率PARRRMD
| Q4 25 | 1.21× | 0.87× | ||
| Q3 25 | 0.84× | 1.31× | ||
| Q2 25 | 2.25× | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | 10.48× | 1.05× | ||
| Q2 24 | -0.25× | 1.51× | ||
| Q1 24 | — | 1.34× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
