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PAR PACIFIC HOLDINGS, INC.（PARR）与StandardAero, Inc.（SARO）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StandardAero, Inc.的1.1倍（$1.8B vs $1.6B），StandardAero, Inc.净利率更高（4.9% vs 4.3%，领先0.6%），StandardAero, Inc.同比增速更快（13.5% vs -1.0%），StandardAero, Inc.自由现金流更多（$307.3M vs $66.3M），过去两年StandardAero, Inc.的营收复合增速更高（13.8% 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。
StandardAero Inc.是总部位于美国亚利桑那州斯科茨代尔的专业维护、维修及大修（MRO）服务提供商，深耕相关领域多年，服务覆盖航空等多个行业，可为客户提供高效可靠的定制化运维解决方案。
PARR vs SARO — 直观对比
营收规模更大
PARR
是对方的1.1倍
$1.6B
营收增速更快
SARO
高出14.5%
-1.0%
净利率更高
SARO
高出0.6%
4.3%
自由现金流更多
SARO
多$241.1M
$66.3M
两年增速更快
SARO
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.6B |
| 净利润 | $77.7M | $78.6M |
| 毛利率 | — | 13.8% |
| 营业利润率 | 5.5% | 9.3% |
| 净利率 | 4.3% | 4.9% |
| 营收同比 | -1.0% | 13.5% |
| 净利润同比 | 239.5% | 659.6% |
| 每股收益（稀释后） | $1.40 | $0.24 |
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PARRSARO
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.0B | $1.3B | ||
| Q1 24 | $2.0B | $1.2B |
净利润PARRSARO
| Q4 25 | $77.7M | $78.6M | ||
| Q3 25 | $262.6M | $68.1M | ||
| Q2 25 | $59.5M | $67.7M | ||
| Q1 25 | $-30.4M | $62.9M | ||
| Q4 24 | $-55.7M | $-14.1M | ||
| Q3 24 | $7.5M | $16.4M | ||
| Q2 24 | $18.6M | $5.4M | ||
| Q1 24 | $-3.8M | $3.2M |
毛利率PARRSARO
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 15.4% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | 14.7% |
营业利润率PARRSARO
| Q4 25 | 5.5% | 9.3% | ||
| Q3 25 | 17.8% | 9.2% | ||
| Q2 25 | 5.1% | 8.9% | ||
| Q1 25 | -0.9% | 9.0% | ||
| Q4 24 | -2.6% | 6.7% | ||
| Q3 24 | 1.7% | 7.9% | ||
| Q2 24 | 2.4% | 7.8% | ||
| Q1 24 | 0.5% | 8.5% |
净利率PARRSARO
| Q4 25 | 4.3% | 4.9% | ||
| Q3 25 | 13.0% | 4.5% | ||
| Q2 25 | 3.1% | 4.4% | ||
| Q1 25 | -1.7% | 4.4% | ||
| Q4 24 | -3.0% | -1.0% | ||
| Q3 24 | 0.3% | 1.3% | ||
| Q2 24 | 0.9% | 0.4% | ||
| Q1 24 | -0.2% | 0.3% |
每股收益（稀释后）PARRSARO
| Q4 25 | $1.40 | $0.24 | ||
| Q3 25 | $5.16 | $0.20 | ||
| Q2 25 | $1.17 | $0.20 | ||
| Q1 25 | $-0.57 | $0.19 | ||
| Q4 24 | $-0.98 | $-0.05 | ||
| Q3 24 | $0.13 | $0.06 | ||
| Q2 24 | $0.32 | $0.02 | ||
| Q1 24 | $-0.06 | $0.01 |
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 | — |
| 总债务越低越好 | $802.9M | $2.2B |
| 股东权益账面价值 | $1.5B | $2.7B |
| 总资产 | $3.8B | $6.6B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资PARRSARO
| Q4 25 | $164.1M | — | ||
| Q3 25 | $159.1M | — | ||
| Q2 25 | $169.2M | — | ||
| Q1 25 | $133.7M | — | ||
| Q4 24 | $191.9M | — | ||
| Q3 24 | $183.0M | — | ||
| Q2 24 | $179.7M | — | ||
| Q1 24 | $228.3M | — |
总债务PARRSARO
| Q4 25 | $802.9M | $2.2B | ||
| Q3 25 | $967.1M | $2.3B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.0B | $3.4B | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $639.5M | — |
股东权益PARRSARO
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
总资产PARRSARO
| Q4 25 | $3.8B | $6.6B | ||
| Q3 25 | $4.1B | $6.6B | ||
| Q2 25 | $3.9B | $6.5B | ||
| Q1 25 | $3.8B | $6.5B | ||
| Q4 24 | $3.8B | $6.2B | ||
| Q3 24 | $3.9B | $6.1B | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.8B | — |
负债/权益比PARRSARO
| Q4 25 | 0.53× | 0.83× | ||
| Q3 25 | 0.69× | 0.90× | ||
| Q2 25 | 0.97× | 0.92× | ||
| Q1 25 | 1.04× | 0.96× | ||
| Q4 24 | 0.93× | 0.94× | ||
| Q3 24 | 0.83× | 2.94× | ||
| 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 | $323.0M |
| 自由现金流经营现金流 - 资本支出 | $66.3M | $307.3M |
| 自由现金流率自由现金流/营收 | 3.7% | 19.2% |
| 资本支出强度资本支出/营收 | 1.5% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.21× | 4.11× |
| 过去12个月自由现金流最近4个季度 | $296.5M | $234.3M |
8季度趋势，按日历期对齐
经营现金流PARRSARO
| Q4 25 | $93.8M | $323.0M | ||
| Q3 25 | $219.4M | $14.8M | ||
| Q2 25 | $133.6M | $2.9M | ||
| Q1 25 | $-1.4M | $-24.0M | ||
| Q4 24 | $-15.5M | — | ||
| Q3 24 | $78.5M | $-13.9M | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $25.4M | $-83.6M |
自由现金流PARRSARO
| Q4 25 | $66.3M | $307.3M | ||
| Q3 25 | $187.1M | $-4.7M | ||
| Q2 25 | $85.5M | $-19.0M | ||
| Q1 25 | $-42.3M | $-49.3M | ||
| Q4 24 | $-63.1M | — | ||
| Q3 24 | $50.2M | $-39.2M | ||
| Q2 24 | $-41.6M | — | ||
| Q1 24 | $2.8M | $-102.0M |
自由现金流率PARRSARO
| Q4 25 | 3.7% | 19.2% | ||
| Q3 25 | 9.3% | -0.3% | ||
| Q2 25 | 4.5% | -1.2% | ||
| Q1 25 | -2.4% | -3.4% | ||
| Q4 24 | -3.4% | — | ||
| Q3 24 | 2.3% | -3.1% | ||
| Q2 24 | -2.1% | — | ||
| Q1 24 | 0.1% | -8.3% |
资本支出强度PARRSARO
| Q4 25 | 1.5% | 1.0% | ||
| Q3 25 | 1.6% | 1.3% | ||
| Q2 25 | 2.5% | 1.4% | ||
| Q1 25 | 2.3% | 1.8% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.3% | 2.0% | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 1.1% | 1.5% |
现金转化率PARRSARO
| Q4 25 | 1.21× | 4.11× | ||
| Q3 25 | 0.84× | 0.22× | ||
| Q2 25 | 2.25× | 0.04× | ||
| Q1 25 | — | -0.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.48× | -0.84× | ||
| Q2 24 | -0.25× | — | ||
| Q1 24 | — | -26.22× |
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% |
SARO
| Commercial Aerospace | $1.0B | 63% |
| Business Aviation | $266.2M | 17% |
| Military And Helicopter | $262.0M | 16% |
| Other | $68.1M | 4% |
