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PBF Energy Inc.（PBF）与Sunoco LP（SUN）财务数据对比。点击上方公司名可切换其他公司
Sunoco LP的季度营收约是PBF Energy Inc.的1.2倍（$8.6B vs $7.1B）。Sunoco LP净利率更高（1.2% vs 1.1%，领先0.1%）。Sunoco LP同比增速更快（63.2% vs -2.9%）。过去两年Sunoco LP的营收复合增速更高（25.1% 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。
Sunoco LP是总部位于美国得克萨斯州达拉斯的业主有限合伙企业，在特拉华州注册成立，历史最早可追溯至1886年。公司最初为垂直一体化能源企业，现已转型为燃油分销商及能源基础设施运营商，此前曾涉足油气勘探开采、炼化、化工生产及燃油零售业务，目前上述业务均已剥离。
PBF vs SUN — 直观对比
营收规模更大
SUN
是对方的1.2倍
$7.1B
营收增速更快
SUN
高出66.1%
-2.9%
净利率更高
SUN
高出0.1%
1.1%
两年增速更快
SUN
近两年复合增速
-9.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $8.6B |
| 净利润 | $78.4M | $101.0M |
| 毛利率 | -1.8% | 10.7% |
| 营业利润率 | 1.8% | 2.1% |
| 净利率 | 1.1% | 1.2% |
| 营收同比 | -2.9% | 63.2% |
| 净利润同比 | 127.1% | -28.4% |
| 每股收益（稀释后） | $0.74 | — |
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PBFSUN
| Q4 25 | $7.1B | $8.6B | ||
| Q3 25 | $7.7B | $6.0B | ||
| Q2 25 | $7.5B | $5.4B | ||
| Q1 25 | $7.1B | $5.2B | ||
| Q4 24 | $7.4B | $5.3B | ||
| Q3 24 | $8.4B | $5.8B | ||
| Q2 24 | $8.7B | $6.2B | ||
| Q1 24 | $8.6B | $5.5B |
净利润PBFSUN
| Q4 25 | $78.4M | $101.0M | ||
| Q3 25 | $170.1M | $133.0M | ||
| Q2 25 | $-5.2M | $86.0M | ||
| Q1 25 | $-401.8M | $207.0M | ||
| Q4 24 | $-289.3M | $141.0M | ||
| Q3 24 | $-285.9M | $2.0M | ||
| Q2 24 | $-65.2M | $493.0M | ||
| Q1 24 | $106.6M | $230.0M |
毛利率PBFSUN
| Q4 25 | -1.8% | 10.7% | ||
| Q3 25 | 0.5% | 10.7% | ||
| Q2 25 | -0.8% | 10.6% | ||
| Q1 25 | -5.9% | 12.6% | ||
| Q4 24 | -4.2% | 11.9% | ||
| Q3 24 | -3.4% | 7.4% | ||
| Q2 24 | 0.1% | 9.2% | ||
| Q1 24 | 2.5% | 8.8% |
营业利润率PBFSUN
| Q4 25 | 1.8% | 2.1% | ||
| Q3 25 | 3.7% | 4.2% | ||
| Q2 25 | 0.6% | 3.8% | ||
| Q1 25 | -7.2% | 5.7% | ||
| Q4 24 | -5.2% | 4.5% | ||
| Q3 24 | -4.6% | 1.9% | ||
| Q2 24 | -0.9% | 2.4% | ||
| Q1 24 | 1.7% | 5.4% |
净利率PBFSUN
| Q4 25 | 1.1% | 1.2% | ||
| Q3 25 | 2.2% | 2.2% | ||
| Q2 25 | -0.1% | 1.6% | ||
| Q1 25 | -5.7% | 4.0% | ||
| Q4 24 | -3.9% | 2.7% | ||
| Q3 24 | -3.4% | 0.0% | ||
| Q2 24 | -0.7% | 8.0% | ||
| Q1 24 | 1.2% | 4.2% |
每股收益（稀释后）PBFSUN
| Q4 25 | $0.74 | — | ||
| Q3 25 | $1.45 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | $-3.53 | — | ||
| Q4 24 | $-2.41 | — | ||
| Q3 24 | $-2.49 | — | ||
| Q2 24 | $-0.56 | — | ||
| Q1 24 | $0.86 | — |
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 | $891.0M |
| 总债务越低越好 | — | $13.4B |
| 股东权益账面价值 | $5.3B | — |
| 总资产 | $13.0B | $28.4B |
| 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PBFSUN
| Q4 25 | $527.9M | $891.0M | ||
| Q3 25 | $482.0M | — | ||
| Q2 25 | $590.7M | — | ||
| Q1 25 | $468.6M | — | ||
| Q4 24 | $536.1M | $94.0M | ||
| Q3 24 | $976.7M | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
总债务PBFSUN
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $9.5B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $7.7B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | — | $7.3B | ||
| Q1 24 | — | $3.8B |
股东权益PBFSUN
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.2B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $6.3B | — | ||
| Q1 24 | $6.5B | — |
总资产PBFSUN
| Q4 25 | $13.0B | $28.4B | ||
| Q3 25 | $13.0B | $17.8B | ||
| Q2 25 | $13.0B | $14.4B | ||
| Q1 25 | $13.0B | $14.3B | ||
| Q4 24 | $12.7B | $14.4B | ||
| Q3 24 | $13.1B | $14.1B | ||
| Q2 24 | $14.1B | $14.5B | ||
| Q1 24 | $13.8B | $7.4B |
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 | $392.0M |
| 自由现金流经营现金流 - 资本支出 | $77.0M | — |
| 自由现金流率自由现金流/营收 | 1.1% | — |
| 资本支出强度资本支出/营收 | 4.1% | — |
| 现金转化率经营现金流/净利润 | 4.68× | 3.88× |
| 过去12个月自由现金流最近4个季度 | $-783.2M | — |
8季度趋势，按日历期对齐
经营现金流PBFSUN
| Q4 25 | $366.6M | $392.0M | ||
| Q3 25 | $25.7M | $401.0M | ||
| Q2 25 | $191.1M | $243.0M | ||
| Q1 25 | $-661.4M | $156.0M | ||
| Q4 24 | $-329.7M | $123.0M | ||
| Q3 24 | $-68.0M | $210.0M | ||
| Q2 24 | $425.3M | $-70.0M | ||
| Q1 24 | $15.8M | $286.0M |
自由现金流PBFSUN
| Q4 25 | $77.0M | — | ||
| Q3 25 | $-122.8M | $244.0M | ||
| Q2 25 | $35.0M | $83.0M | ||
| Q1 25 | $-772.4M | $55.0M | ||
| Q4 24 | $-425.7M | — | ||
| Q3 24 | $-169.8M | $109.0M | ||
| Q2 24 | $371.8M | $-140.0M | ||
| Q1 24 | $-123.8M | $245.0M |
自由现金流率PBFSUN
| Q4 25 | 1.1% | — | ||
| Q3 25 | -1.6% | 4.0% | ||
| Q2 25 | 0.5% | 1.5% | ||
| Q1 25 | -10.9% | 1.1% | ||
| Q4 24 | -5.8% | — | ||
| Q3 24 | -2.0% | 1.9% | ||
| Q2 24 | 4.3% | -2.3% | ||
| Q1 24 | -1.4% | 4.5% |
资本支出强度PBFSUN
| Q4 25 | 4.1% | — | ||
| Q3 25 | 1.9% | 2.6% | ||
| Q2 25 | 2.1% | 3.0% | ||
| Q1 25 | 1.6% | 2.0% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.2% | 1.8% | ||
| Q2 24 | 0.6% | 1.1% | ||
| Q1 24 | 1.6% | 0.7% |
现金转化率PBFSUN
| Q4 25 | 4.68× | 3.88× | ||
| Q3 25 | 0.15× | 3.02× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.87× | ||
| Q3 24 | — | 105.00× | ||
| Q2 24 | — | -0.14× | ||
| Q1 24 | 0.15× | 1.24× |
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% |
SUN
| Fuel Distribution | $8.2B | 95% |
| Service Revenue | $440.0M | 5% |
| Lease Revenue | $40.0M | 0% |
| Lease Income | $12.0M | 0% |
