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PBF Energy Inc.（PBF）与贝宝（PYPL）财务数据对比。点击上方公司名可切换其他公司
贝宝的季度营收约是PBF Energy Inc.的1.2倍（$8.7B vs $7.1B），贝宝净利率更高（16.6% vs 1.1%，领先15.5%），贝宝同比增速更快（3.7% vs -2.9%），贝宝自由现金流更多（$2.2B vs $77.0M），过去两年贝宝的营收复合增速更高（6.2% vs -9.1%）
PBF能源是一家美国石油炼制与物流企业，主营交通燃料、取暖油、润滑剂、石化原料及其他石油产品的生产与销售，在美国拥有并运营6座炼油厂，分布于路易斯安那州查尔梅特、俄亥俄州托莱多、新泽西州保尔斯伯勒、特拉华州特拉华城、加利福尼亚州托伦斯和马丁内斯。
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
PBF vs PYPL — 直观对比
营收规模更大
PYPL
是对方的1.2倍
$7.1B
营收增速更快
PYPL
高出6.6%
-2.9%
净利率更高
PYPL
高出15.5%
1.1%
自由现金流更多
PYPL
多$2.1B
$77.0M
两年增速更快
PYPL
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $8.7B |
| 净利润 | $78.4M | $1.4B |
| 毛利率 | -1.8% | — |
| 营业利润率 | 1.8% | 17.4% |
| 净利率 | 1.1% | 16.6% |
| 营收同比 | -2.9% | 3.7% |
| 净利润同比 | 127.1% | 28.2% |
| 每股收益（稀释后） | $0.74 | $1.53 |
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PBFPYPL
| Q4 25 | $7.1B | $8.7B | ||
| Q3 25 | $7.7B | $8.4B | ||
| Q2 25 | $7.5B | $8.3B | ||
| Q1 25 | $7.1B | $7.8B | ||
| Q4 24 | $7.4B | $8.4B | ||
| Q3 24 | $8.4B | $7.8B | ||
| Q2 24 | $8.7B | $7.9B | ||
| Q1 24 | $8.6B | $7.7B |
净利润PBFPYPL
| Q4 25 | $78.4M | $1.4B | ||
| Q3 25 | $170.1M | $1.2B | ||
| Q2 25 | $-5.2M | $1.3B | ||
| Q1 25 | $-401.8M | $1.3B | ||
| Q4 24 | $-289.3M | $1.1B | ||
| Q3 24 | $-285.9M | $1.0B | ||
| Q2 24 | $-65.2M | $1.1B | ||
| Q1 24 | $106.6M | $888.0M |
毛利率PBFPYPL
| Q4 25 | -1.8% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | -0.8% | — | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | -4.2% | — | ||
| Q3 24 | -3.4% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 2.5% | — |
营业利润率PBFPYPL
| Q4 25 | 1.8% | 17.4% | ||
| Q3 25 | 3.7% | 18.1% | ||
| Q2 25 | 0.6% | 18.1% | ||
| Q1 25 | -7.2% | 19.6% | ||
| Q4 24 | -5.2% | 17.2% | ||
| Q3 24 | -4.6% | 17.7% | ||
| Q2 24 | -0.9% | 16.8% | ||
| Q1 24 | 1.7% | 15.2% |
净利率PBFPYPL
| Q4 25 | 1.1% | 16.6% | ||
| Q3 25 | 2.2% | 14.8% | ||
| Q2 25 | -0.1% | 15.2% | ||
| Q1 25 | -5.7% | 16.5% | ||
| Q4 24 | -3.9% | 13.4% | ||
| Q3 24 | -3.4% | 12.9% | ||
| Q2 24 | -0.7% | 14.3% | ||
| Q1 24 | 1.2% | 11.5% |
每股收益（稀释后）PBFPYPL
| Q4 25 | $0.74 | $1.53 | ||
| Q3 25 | $1.45 | $1.30 | ||
| Q2 25 | $-0.05 | $1.29 | ||
| Q1 25 | $-3.53 | $1.29 | ||
| Q4 24 | $-2.41 | $1.09 | ||
| Q3 24 | $-2.49 | $0.99 | ||
| Q2 24 | $-0.56 | $1.08 | ||
| Q1 24 | $0.86 | $0.83 |
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 | $527.9M | $10.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $20.3B |
| 总资产 | $13.0B | $80.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PBFPYPL
| Q4 25 | $527.9M | $10.4B | ||
| Q3 25 | $482.0M | $10.8B | ||
| Q2 25 | $590.7M | $10.0B | ||
| Q1 25 | $468.6M | $11.2B | ||
| Q4 24 | $536.1M | $10.8B | ||
| Q3 24 | $976.7M | $11.9B | ||
| Q2 24 | $1.4B | $13.6B | ||
| Q1 24 | $1.4B | $14.3B |
股东权益PBFPYPL
| Q4 25 | $5.3B | $20.3B | ||
| Q3 25 | $5.2B | $20.2B | ||
| Q2 25 | $5.1B | $20.2B | ||
| Q1 25 | $5.1B | $20.3B | ||
| Q4 24 | $5.5B | $20.4B | ||
| Q3 24 | $5.9B | $20.2B | ||
| Q2 24 | $6.3B | $20.6B | ||
| Q1 24 | $6.5B | $20.7B |
总资产PBFPYPL
| Q4 25 | $13.0B | $80.2B | ||
| Q3 25 | $13.0B | $79.8B | ||
| Q2 25 | $13.0B | $79.8B | ||
| Q1 25 | $13.0B | $81.3B | ||
| Q4 24 | $12.7B | $81.6B | ||
| Q3 24 | $13.1B | $83.5B | ||
| Q2 24 | $14.1B | $84.0B | ||
| Q1 24 | $13.8B | $83.3B |
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 | $366.6M | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $77.0M | $2.2B |
| 自由现金流率自由现金流/营收 | 1.1% | 25.2% |
| 资本支出强度资本支出/营收 | 4.1% | 2.2% |
| 现金转化率经营现金流/净利润 | 4.68× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $-783.2M | $5.6B |
8季度趋势，按日历期对齐
经营现金流PBFPYPL
| Q4 25 | $366.6M | $2.4B | ||
| Q3 25 | $25.7M | $2.0B | ||
| Q2 25 | $191.1M | $898.0M | ||
| Q1 25 | $-661.4M | $1.2B | ||
| Q4 24 | $-329.7M | $2.4B | ||
| Q3 24 | $-68.0M | $1.6B | ||
| Q2 24 | $425.3M | $1.5B | ||
| Q1 24 | $15.8M | $1.9B |
自由现金流PBFPYPL
| Q4 25 | $77.0M | $2.2B | ||
| Q3 25 | $-122.8M | $1.7B | ||
| Q2 25 | $35.0M | $692.0M | ||
| Q1 25 | $-772.4M | $964.0M | ||
| Q4 24 | $-425.7M | $2.2B | ||
| Q3 24 | $-169.8M | $1.4B | ||
| Q2 24 | $371.8M | $1.4B | ||
| Q1 24 | $-123.8M | $1.8B |
自由现金流率PBFPYPL
| Q4 25 | 1.1% | 25.2% | ||
| Q3 25 | -1.6% | 20.4% | ||
| Q2 25 | 0.5% | 8.3% | ||
| Q1 25 | -10.9% | 12.4% | ||
| Q4 24 | -5.8% | 26.2% | ||
| Q3 24 | -2.0% | 18.4% | ||
| Q2 24 | 4.3% | 17.3% | ||
| Q1 24 | -1.4% | 22.9% |
资本支出强度PBFPYPL
| Q4 25 | 4.1% | 2.2% | ||
| Q3 25 | 1.9% | 3.0% | ||
| Q2 25 | 2.1% | 2.5% | ||
| Q1 25 | 1.6% | 2.5% | ||
| Q4 24 | 1.3% | 2.4% | ||
| Q3 24 | 1.2% | 2.2% | ||
| Q2 24 | 0.6% | 2.0% | ||
| Q1 24 | 1.6% | 2.0% |
现金转化率PBFPYPL
| Q4 25 | 4.68× | 1.66× | ||
| Q3 25 | 0.15× | 1.58× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | 0.15× | 2.16× |
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
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
