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PAR PACIFIC HOLDINGS, INC.（PARR）与托尔工业（THO）财务数据对比。点击上方公司名可切换其他公司
托尔工业的季度营收约是PAR PACIFIC HOLDINGS, INC.的1.3倍（$2.4B vs $1.8B），PAR PACIFIC HOLDINGS, INC.净利率更高（4.3% vs 0.9%，领先3.4%），托尔工业同比增速更快（11.5% vs -1.0%），PAR PACIFIC HOLDINGS, INC.自由现金流更多（$66.3M vs $-74.8M），过去两年托尔工业的营收复合增速更高（4.0% 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。
托尔工业是美国知名休闲房车（RV）生产商，旗下拥有Airstream、Heartland RV、Jayco等多个子品牌，主营拖挂式及自行式休闲房车的生产销售，总部位于印第安纳州埃尔克哈特，在密歇根、俄亥俄、爱达荷、俄勒冈等多个州设有生产基地。
PARR vs THO — 直观对比
营收规模更大
THO
是对方的1.3倍
$1.8B
营收增速更快
THO
高出12.5%
-1.0%
净利率更高
PARR
高出3.4%
0.9%
自由现金流更多
PARR
多$141.0M
$-74.8M
两年增速更快
THO
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.4B |
| 净利润 | $77.7M | $21.7M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 5.5% | 1.4% |
| 净利率 | 4.3% | 0.9% |
| 营收同比 | -1.0% | 11.5% |
| 净利润同比 | 239.5% | 1282.8% |
| 每股收益（稀释后） | $1.40 | $0.41 |
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PARRTHO
| Q4 25 | $1.8B | $2.4B | ||
| Q3 25 | $2.0B | $2.5B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $1.7B | $2.0B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $2.1B | $2.5B | ||
| Q2 24 | $2.0B | $2.8B | ||
| Q1 24 | $2.0B | $2.2B |
净利润PARRTHO
| Q4 25 | $77.7M | $21.7M | ||
| Q3 25 | $262.6M | $125.8M | ||
| Q2 25 | $59.5M | $135.2M | ||
| Q1 25 | $-30.4M | $-551.0K | ||
| Q4 24 | $-55.7M | $-1.8M | ||
| Q3 24 | $7.5M | $90.0M | ||
| Q2 24 | $18.6M | $114.5M | ||
| Q1 24 | $-3.8M | $7.2M |
毛利率PARRTHO
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 15.1% | ||
| Q1 24 | — | 12.3% |
营业利润率PARRTHO
| Q4 25 | 5.5% | 1.4% | ||
| Q3 25 | 17.8% | 5.7% | ||
| Q2 25 | 5.1% | 5.4% | ||
| Q1 25 | -0.9% | -0.1% | ||
| Q4 24 | -2.6% | -0.1% | ||
| Q3 24 | 1.7% | 5.0% | ||
| Q2 24 | 2.4% | 5.1% | ||
| Q1 24 | 0.5% | 0.3% |
净利率PARRTHO
| Q4 25 | 4.3% | 0.9% | ||
| Q3 25 | 13.0% | 5.0% | ||
| Q2 25 | 3.1% | 4.7% | ||
| Q1 25 | -1.7% | -0.0% | ||
| Q4 24 | -3.0% | -0.1% | ||
| Q3 24 | 0.3% | 3.6% | ||
| Q2 24 | 0.9% | 4.1% | ||
| Q1 24 | -0.2% | 0.3% |
每股收益（稀释后）PARRTHO
| Q4 25 | $1.40 | $0.41 | ||
| Q3 25 | $5.16 | $2.35 | ||
| Q2 25 | $1.17 | $2.53 | ||
| Q1 25 | $-0.57 | $-0.01 | ||
| Q4 24 | $-0.98 | $-0.03 | ||
| Q3 24 | $0.13 | $1.69 | ||
| Q2 24 | $0.32 | $2.13 | ||
| Q1 24 | $-0.06 | $0.13 |
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 | $509.9M |
| 总债务越低越好 | $802.9M | $916.0M |
| 股东权益账面价值 | $1.5B | $4.3B |
| 总资产 | $3.8B | $7.0B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资PARRTHO
| Q4 25 | $164.1M | $509.9M | ||
| Q3 25 | $159.1M | $586.6M | ||
| Q2 25 | $169.2M | $508.3M | ||
| Q1 25 | $133.7M | $373.8M | ||
| Q4 24 | $191.9M | $445.2M | ||
| Q3 24 | $183.0M | $501.3M | ||
| Q2 24 | $179.7M | $371.8M | ||
| Q1 24 | $228.3M | $340.2M |
总债务PARRTHO
| Q4 25 | $802.9M | $916.0M | ||
| Q3 25 | $967.1M | $923.0M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $639.5M | $1.4B |
股东权益PARRTHO
| Q4 25 | $1.5B | $4.3B | ||
| Q3 25 | $1.4B | $4.3B | ||
| Q2 25 | $1.1B | $4.2B | ||
| Q1 25 | $1.1B | $4.0B | ||
| Q4 24 | $1.2B | $4.1B | ||
| Q3 24 | $1.3B | $4.1B | ||
| Q2 24 | $1.3B | $4.0B | ||
| Q1 24 | $1.3B | $3.9B |
总资产PARRTHO
| Q4 25 | $3.8B | $7.0B | ||
| Q3 25 | $4.1B | $7.1B | ||
| Q2 25 | $3.9B | $7.2B | ||
| Q1 25 | $3.8B | $6.7B | ||
| Q4 24 | $3.8B | $6.9B | ||
| Q3 24 | $3.9B | $7.0B | ||
| Q2 24 | $3.9B | $7.2B | ||
| Q1 24 | $3.8B | $7.2B |
负债/权益比PARRTHO
| Q4 25 | 0.53× | 0.21× | ||
| Q3 25 | 0.69× | 0.22× | ||
| Q2 25 | 0.97× | 0.24× | ||
| Q1 25 | 1.04× | 0.26× | ||
| Q4 24 | 0.93× | 0.27× | ||
| Q3 24 | 0.83× | 0.28× | ||
| Q2 24 | 0.84× | 0.31× | ||
| Q1 24 | 0.49× | 0.36× |
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 | $-44.9M |
| 自由现金流经营现金流 - 资本支出 | $66.3M | $-74.8M |
| 自由现金流率自由现金流/营收 | 3.7% | -3.1% |
| 资本支出强度资本支出/营收 | 1.5% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.21× | -2.07× |
| 过去12个月自由现金流最近4个季度 | $296.5M | $375.1M |
8季度趋势，按日历期对齐
经营现金流PARRTHO
| Q4 25 | $93.8M | $-44.9M | ||
| Q3 25 | $219.4M | $258.7M | ||
| Q2 25 | $133.6M | $257.7M | ||
| Q1 25 | $-1.4M | $30.8M | ||
| Q4 24 | $-15.5M | $30.7M | ||
| Q3 24 | $78.5M | $338.0M | ||
| Q2 24 | $-4.7M | $251.7M | ||
| Q1 24 | $25.4M | $-103.9M |
自由现金流PARRTHO
| Q4 25 | $66.3M | $-74.8M | ||
| Q3 25 | $187.1M | $221.6M | ||
| Q2 25 | $85.5M | $222.5M | ||
| Q1 25 | $-42.3M | $5.8M | ||
| Q4 24 | $-63.1M | $6.4M | ||
| Q3 24 | $50.2M | $301.3M | ||
| Q2 24 | $-41.6M | $225.4M | ||
| Q1 24 | $2.8M | $-140.2M |
自由现金流率PARRTHO
| Q4 25 | 3.7% | -3.1% | ||
| Q3 25 | 9.3% | 8.8% | ||
| Q2 25 | 4.5% | 7.7% | ||
| Q1 25 | -2.4% | 0.3% | ||
| Q4 24 | -3.4% | 0.3% | ||
| Q3 24 | 2.3% | 11.9% | ||
| Q2 24 | -2.1% | 8.0% | ||
| Q1 24 | 0.1% | -6.4% |
资本支出强度PARRTHO
| Q4 25 | 1.5% | 1.3% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 2.5% | 1.2% | ||
| Q1 25 | 2.3% | 1.2% | ||
| Q4 24 | 2.6% | 1.1% | ||
| Q3 24 | 1.3% | 1.4% | ||
| Q2 24 | 1.8% | 0.9% | ||
| Q1 24 | 1.1% | 1.6% |
现金转化率PARRTHO
| Q4 25 | 1.21× | -2.07× | ||
| Q3 25 | 0.84× | 2.06× | ||
| Q2 25 | 2.25× | 1.91× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.48× | 3.76× | ||
| Q2 24 | -0.25× | 2.20× | ||
| Q1 24 | — | -14.39× |
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% |
THO
| Other | $417.1M | 17% |
| Travel Trailers | $403.6M | 17% |
| Motorcaravan | $391.9M | 16% |
| Fifth Wheels Towables | $306.9M | 13% |
| Classc Motorized | $297.2M | 12% |
| Campervan | $188.3M | 8% |
| Classa Motorized | $169.9M | 7% |
| Classb Motorized | $110.0M | 5% |
| Other Rv Related | $70.0M | 3% |
| Caravan | $34.3M | 1% |
