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PAR PACIFIC HOLDINGS, INC.（PARR）与RELIANCE, INC.（RS）财务数据对比。点击上方公司名可切换其他公司
RELIANCE, INC.的季度营收约是PAR PACIFIC HOLDINGS, INC.的1.9倍（$3.5B vs $1.8B），PAR PACIFIC HOLDINGS, INC.净利率更高（4.3% vs 3.3%，领先0.9%），RELIANCE, INC.同比增速更快（11.9% vs -1.0%），RELIANCE, INC.自由现金流更多（$202.9M vs $66.3M），过去两年RELIANCE, INC.的营收复合增速更高（-2.0% 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。
Reliance, Inc.总部位于美国亚利桑那州斯科茨代尔，是北美规模最大的金属服务中心运营商。公司为12.5万家制造商、加工厂等客户提供金属加工服务，经销铝、黄铜、合金、铜、碳钢、不锈钢、钛等约10万种金属及特种金属产品。
PARR vs RS — 直观对比
营收规模更大
RS
是对方的1.9倍
$1.8B
营收增速更快
RS
高出12.9%
-1.0%
净利率更高
PARR
高出0.9%
3.3%
自由现金流更多
RS
多$136.6M
$66.3M
两年增速更快
RS
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.5B |
| 净利润 | $77.7M | $116.9M |
| 毛利率 | — | — |
| 营业利润率 | 5.5% | 4.8% |
| 净利率 | 4.3% | 3.3% |
| 营收同比 | -1.0% | 11.9% |
| 净利润同比 | 239.5% | 10.3% |
| 每股收益（稀释后） | $1.40 | $2.23 |
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PARRRS
| Q4 25 | $1.8B | $3.5B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $1.9B | $3.7B | ||
| Q1 25 | $1.7B | $3.5B | ||
| Q4 24 | $1.8B | $3.1B | ||
| Q3 24 | $2.1B | $3.4B | ||
| Q2 24 | $2.0B | $3.6B | ||
| Q1 24 | $2.0B | $3.6B |
净利润PARRRS
| Q4 25 | $77.7M | $116.9M | ||
| Q3 25 | $262.6M | $189.5M | ||
| Q2 25 | $59.5M | $234.2M | ||
| Q1 25 | $-30.4M | $200.5M | ||
| Q4 24 | $-55.7M | $106.0M | ||
| Q3 24 | $7.5M | $199.2M | ||
| Q2 24 | $18.6M | $268.3M | ||
| Q1 24 | $-3.8M | $303.8M |
营业利润率PARRRS
| Q4 25 | 5.5% | 4.8% | ||
| Q3 25 | 17.8% | 7.1% | ||
| Q2 25 | 5.1% | 8.5% | ||
| Q1 25 | -0.9% | 7.9% | ||
| Q4 24 | -2.6% | 4.5% | ||
| Q3 24 | 1.7% | 8.0% | ||
| Q2 24 | 2.4% | 9.7% | ||
| Q1 24 | 0.5% | 10.8% |
净利率PARRRS
| Q4 25 | 4.3% | 3.3% | ||
| Q3 25 | 13.0% | 5.2% | ||
| Q2 25 | 3.1% | 6.4% | ||
| Q1 25 | -1.7% | 5.8% | ||
| Q4 24 | -3.0% | 3.4% | ||
| Q3 24 | 0.3% | 5.8% | ||
| Q2 24 | 0.9% | 7.4% | ||
| Q1 24 | -0.2% | 8.3% |
每股收益（稀释后）PARRRS
| Q4 25 | $1.40 | $2.23 | ||
| Q3 25 | $5.16 | $3.59 | ||
| Q2 25 | $1.17 | $4.42 | ||
| Q1 25 | $-0.57 | $3.74 | ||
| Q4 24 | $-0.98 | $2.05 | ||
| Q3 24 | $0.13 | $3.61 | ||
| Q2 24 | $0.32 | $4.67 | ||
| Q1 24 | $-0.06 | $5.23 |
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 | $216.6M |
| 总债务越低越好 | $802.9M | — |
| 股东权益账面价值 | $1.5B | $7.2B |
| 总资产 | $3.8B | $10.4B |
| 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PARRRS
| Q4 25 | $164.1M | $216.6M | ||
| Q3 25 | $159.1M | $261.2M | ||
| Q2 25 | $169.2M | $239.5M | ||
| Q1 25 | $133.7M | $277.8M | ||
| Q4 24 | $191.9M | $318.1M | ||
| Q3 24 | $183.0M | $314.6M | ||
| Q2 24 | $179.7M | $350.8M | ||
| Q1 24 | $228.3M | $934.9M |
总债务PARRRS
| Q4 25 | $802.9M | — | ||
| Q3 25 | $967.1M | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $639.5M | — |
股东权益PARRRS
| Q4 25 | $1.5B | $7.2B | ||
| Q3 25 | $1.4B | $7.3B | ||
| Q2 25 | $1.1B | $7.2B | ||
| Q1 25 | $1.1B | $7.1B | ||
| Q4 24 | $1.2B | $7.2B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $1.3B | $7.6B | ||
| Q1 24 | $1.3B | $7.9B |
总资产PARRRS
| Q4 25 | $3.8B | $10.4B | ||
| Q3 25 | $4.1B | $10.5B | ||
| Q2 25 | $3.9B | $10.5B | ||
| Q1 25 | $3.8B | $10.4B | ||
| Q4 24 | $3.8B | $10.0B | ||
| Q3 24 | $3.9B | $10.3B | ||
| Q2 24 | $3.9B | $10.4B | ||
| Q1 24 | $3.8B | $10.7B |
负债/权益比PARRRS
| Q4 25 | 0.53× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 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 | $93.8M | $276.1M |
| 自由现金流经营现金流 - 资本支出 | $66.3M | $202.9M |
| 自由现金流率自由现金流/营收 | 3.7% | 5.8% |
| 资本支出强度资本支出/营收 | 1.5% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.21× | 2.36× |
| 过去12个月自由现金流最近4个季度 | $296.5M | $502.5M |
8季度趋势，按日历期对齐
经营现金流PARRRS
| Q4 25 | $93.8M | $276.1M | ||
| Q3 25 | $219.4M | $261.8M | ||
| Q2 25 | $133.6M | $229.0M | ||
| Q1 25 | $-1.4M | $64.5M | ||
| Q4 24 | $-15.5M | $473.3M | ||
| Q3 24 | $78.5M | $463.9M | ||
| Q2 24 | $-4.7M | $366.3M | ||
| Q1 24 | $25.4M | $126.3M |
自由现金流PARRRS
| Q4 25 | $66.3M | $202.9M | ||
| Q3 25 | $187.1M | $180.6M | ||
| Q2 25 | $85.5M | $141.4M | ||
| Q1 25 | $-42.3M | $-22.4M | ||
| Q4 24 | $-63.1M | $362.4M | ||
| Q3 24 | $50.2M | $351.1M | ||
| Q2 24 | $-41.6M | $268.1M | ||
| Q1 24 | $2.8M | $17.6M |
自由现金流率PARRRS
| Q4 25 | 3.7% | 5.8% | ||
| Q3 25 | 9.3% | 4.9% | ||
| Q2 25 | 4.5% | 3.9% | ||
| Q1 25 | -2.4% | -0.6% | ||
| Q4 24 | -3.4% | 11.6% | ||
| Q3 24 | 2.3% | 10.3% | ||
| Q2 24 | -2.1% | 7.4% | ||
| Q1 24 | 0.1% | 0.5% |
资本支出强度PARRRS
| Q4 25 | 1.5% | 2.1% | ||
| Q3 25 | 1.6% | 2.2% | ||
| Q2 25 | 2.5% | 2.4% | ||
| Q1 25 | 2.3% | 2.5% | ||
| Q4 24 | 2.6% | 3.5% | ||
| Q3 24 | 1.3% | 3.3% | ||
| Q2 24 | 1.8% | 2.7% | ||
| Q1 24 | 1.1% | 3.0% |
现金转化率PARRRS
| Q4 25 | 1.21× | 2.36× | ||
| Q3 25 | 0.84× | 1.38× | ||
| Q2 25 | 2.25× | 0.98× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 4.47× | ||
| Q3 24 | 10.48× | 2.33× | ||
| Q2 24 | -0.25× | 1.37× | ||
| Q1 24 | — | 0.42× |
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% |
RS
| Carbon Steel | $1.9B | 55% |
| Aluminum | $624.5M | 18% |
| Stainless Steel | $467.1M | 13% |
| Alloy Steel | $155.5M | 4% |
| Toll Processing | $155.3M | 4% |
| Copper And Brass | $93.5M | 3% |
| Other Products Or Services | $80.4M | 2% |
