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PBF Energy Inc.（PBF）与道富集团（STT）财务数据对比。点击上方公司名可切换其他公司
PBF Energy Inc.的季度营收约是道富集团的1.9倍（$7.1B vs $3.7B），道富集团净利率更高（20.4% vs 1.1%，领先19.3%），道富集团同比增速更快（7.5% vs -2.9%），道富集团自由现金流更多（$9.8B vs $77.0M），过去两年道富集团的营收复合增速更高（8.1% 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。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
PBF vs STT — 直观对比
营收规模更大
PBF
是对方的1.9倍
$3.7B
营收增速更快
STT
高出10.4%
-2.9%
净利率更高
STT
高出19.3%
1.1%
自由现金流更多
STT
多$9.7B
$77.0M
两年增速更快
STT
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $3.7B |
| 净利润 | $78.4M | $747.0M |
| 毛利率 | -1.8% | — |
| 营业利润率 | 1.8% | 25.0% |
| 净利率 | 1.1% | 20.4% |
| 营收同比 | -2.9% | 7.5% |
| 净利润同比 | 127.1% | -4.6% |
| 每股收益（稀释后） | $0.74 | $2.41 |
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PBFSTT
| Q4 25 | $7.1B | $3.7B | ||
| Q3 25 | $7.7B | $3.5B | ||
| Q2 25 | $7.5B | $3.4B | ||
| Q1 25 | $7.1B | $3.3B | ||
| Q4 24 | $7.4B | $3.4B | ||
| Q3 24 | $8.4B | $3.3B | ||
| Q2 24 | $8.7B | $3.2B | ||
| Q1 24 | $8.6B | $3.1B |
净利润PBFSTT
| Q4 25 | $78.4M | $747.0M | ||
| Q3 25 | $170.1M | $861.0M | ||
| Q2 25 | $-5.2M | $693.0M | ||
| Q1 25 | $-401.8M | $644.0M | ||
| Q4 24 | $-289.3M | $783.0M | ||
| Q3 24 | $-285.9M | $730.0M | ||
| Q2 24 | $-65.2M | $711.0M | ||
| Q1 24 | $106.6M | $463.0M |
毛利率PBFSTT
| 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PBFSTT
| Q4 25 | 1.8% | 25.0% | ||
| Q3 25 | 3.7% | 31.1% | ||
| Q2 25 | 0.6% | 25.8% | ||
| Q1 25 | -7.2% | 25.0% | ||
| Q4 24 | -5.2% | 28.1% | ||
| Q3 24 | -4.6% | 28.4% | ||
| Q2 24 | -0.9% | 28.6% | ||
| Q1 24 | 1.7% | 19.1% |
净利率PBFSTT
| Q4 25 | 1.1% | 20.4% | ||
| Q3 25 | 2.2% | 24.3% | ||
| Q2 25 | -0.1% | 20.1% | ||
| Q1 25 | -5.7% | 19.6% | ||
| Q4 24 | -3.9% | 22.9% | ||
| Q3 24 | -3.4% | 22.4% | ||
| Q2 24 | -0.7% | 22.3% | ||
| Q1 24 | 1.2% | 14.8% |
每股收益（稀释后）PBFSTT
| Q4 25 | $0.74 | $2.41 | ||
| Q3 25 | $1.45 | $2.78 | ||
| Q2 25 | $-0.05 | $2.17 | ||
| Q1 25 | $-3.53 | $2.04 | ||
| Q4 24 | $-2.41 | $2.43 | ||
| Q3 24 | $-2.49 | $2.26 | ||
| Q2 24 | $-0.56 | $2.15 | ||
| Q1 24 | $0.86 | $1.37 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $27.8B |
| 总资产 | $13.0B | $366.0B |
| 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PBFSTT
| Q4 25 | $527.9M | — | ||
| Q3 25 | $482.0M | — | ||
| Q2 25 | $590.7M | — | ||
| Q1 25 | $468.6M | — | ||
| Q4 24 | $536.1M | — | ||
| Q3 24 | $976.7M | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益PBFSTT
| Q4 25 | $5.3B | $27.8B | ||
| Q3 25 | $5.2B | $27.6B | ||
| Q2 25 | $5.1B | $27.3B | ||
| Q1 25 | $5.1B | $26.7B | ||
| Q4 24 | $5.5B | $25.3B | ||
| Q3 24 | $5.9B | $25.8B | ||
| Q2 24 | $6.3B | $24.8B | ||
| Q1 24 | $6.5B | $24.4B |
总资产PBFSTT
| Q4 25 | $13.0B | $366.0B | ||
| Q3 25 | $13.0B | $371.1B | ||
| Q2 25 | $13.0B | $376.7B | ||
| Q1 25 | $13.0B | $372.7B | ||
| Q4 24 | $12.7B | $353.2B | ||
| Q3 24 | $13.1B | $338.5B | ||
| Q2 24 | $14.1B | $325.6B | ||
| Q1 24 | $13.8B | $338.0B |
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 | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $77.0M | $9.8B |
| 自由现金流率自由现金流/营收 | 1.1% | 266.6% |
| 资本支出强度资本支出/营收 | 4.1% | 7.3% |
| 现金转化率经营现金流/净利润 | 4.68× | 13.44× |
| 过去12个月自由现金流最近4个季度 | $-783.2M | $10.8B |
8季度趋势，按日历期对齐
经营现金流PBFSTT
| Q4 25 | $366.6M | $10.0B | ||
| Q3 25 | $25.7M | $7.9B | ||
| Q2 25 | $191.1M | $-8.4B | ||
| Q1 25 | $-661.4M | $2.4B | ||
| Q4 24 | $-329.7M | $-7.4B | ||
| Q3 24 | $-68.0M | $2.7B | ||
| Q2 24 | $425.3M | $-7.6B | ||
| Q1 24 | $15.8M | $-844.0M |
自由现金流PBFSTT
| Q4 25 | $77.0M | $9.8B | ||
| Q3 25 | $-122.8M | $7.7B | ||
| Q2 25 | $35.0M | $-8.8B | ||
| Q1 25 | $-772.4M | $2.2B | ||
| Q4 24 | $-425.7M | $-7.7B | ||
| Q3 24 | $-169.8M | $2.5B | ||
| Q2 24 | $371.8M | $-7.9B | ||
| Q1 24 | $-123.8M | $-1.1B |
自由现金流率PBFSTT
| Q4 25 | 1.1% | 266.6% | ||
| Q3 25 | -1.6% | 216.0% | ||
| Q2 25 | 0.5% | -254.1% | ||
| Q1 25 | -10.9% | 66.1% | ||
| Q4 24 | -5.8% | -225.1% | ||
| Q3 24 | -2.0% | 75.9% | ||
| Q2 24 | 4.3% | -246.2% | ||
| Q1 24 | -1.4% | -34.2% |
资本支出强度PBFSTT
| Q4 25 | 4.1% | 7.3% | ||
| Q3 25 | 1.9% | 6.9% | ||
| Q2 25 | 2.1% | 9.3% | ||
| Q1 25 | 1.6% | 6.9% | ||
| Q4 24 | 1.3% | 7.3% | ||
| Q3 24 | 1.2% | 7.2% | ||
| Q2 24 | 0.6% | 6.7% | ||
| Q1 24 | 1.6% | 7.3% |
现金转化率PBFSTT
| Q4 25 | 4.68× | 13.44× | ||
| Q3 25 | 0.15× | 9.18× | ||
| Q2 25 | — | -12.18× | ||
| Q1 25 | — | 3.72× | ||
| Q4 24 | — | -9.49× | ||
| Q3 24 | — | 3.71× | ||
| Q2 24 | — | -10.75× | ||
| Q1 24 | 0.15× | -1.82× |
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% |
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
