PARR · Par Pacific Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.82B | - | $2.01B | $1.89B | $1.75B | - | $2.14B | $2.02B | $1.98B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $24.88M | - | $24.24M | $23.65M | $24.24M | - | $22.40M | $23.17M | $41.76M | - |
| Total Operating Expenses | $1.76B | - | $1.65B | $1.80B | $1.76B | - | $2.11B | $1.97B | $1.97B | - |
| D&A | $34.46M | - | $36.28M | $34.71M | $36.59M | - | $31.88M | $32.14M | $32.66M | - |
| Operating Income | $65.32M | - | $358.52M | $96.76M | ($15.78M) | - | $36.43M | $48.64M | $9.52M | - |
| Interest Expense | $15.93M | - | $21.27M | $22.11M | $17.88M | - | $20.82M | $20.43M | $17.88M | - |
| Income Tax | $12.34M | - | $82.71M | $16.89M | ($6.89M) | - | $6.46M | $6.67M | ($2.63M) | - |
| Net Income | $54.45M | - | $262.63M | $59.46M | ($30.40M) | - | $7.49M | $18.64M | ($3.75M) | - |
| EPS - Basic | $1.12 | - | $5.29 | $1.18 | ($0.57) | - | $0.13 | $0.33 | ($0.06) | - |
| EPS - Diluted | $1.10 | - | $5.16 | $1.17 | ($0.57) | - | $0.13 | $0.32 | ($0.06) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $172.17M | $164.11M | $159.06M | $169.19M | $133.75M | $191.92M | $182.98M | $179.66M | $228.30M | $279.11M |
| Accounts Receivable | $481.51M | $312.67M | $349.12M | $386.55M | $384.30M | $398.13M | $429.74M | $486.30M | $448.48M | $367.25M |
| Inventory | $1.36B | $1.23B | $1.35B | $1.04B | $1.06B | $1.09B | $1.07B | $1.26B | $1.13B | $1.16B |
| Accounts Payable | $578.17M | $341.56M | $447.62M | $438.71M | $410.67M | $436.80M | $464.77M | $549.04M | $436.19M | $391.32M |
| Current Assets | $2.15B | $1.78B | $1.98B | $1.72B | $1.62B | $1.77B | $1.77B | $1.98B | $1.86B | $1.99B |
| Total Assets | $4.21B | $3.83B | $4.08B | $3.90B | $3.75B | $3.83B | $3.85B | $3.94B | $3.77B | $3.86B |
| Current Liabilities | $1.32B | $1.11B | $1.31B | $1.21B | $1.04B | $1.10B | $1.05B | $1.21B | $1.45B | $1.52B |
| Long-term Debt | $942.72M | $797.94M | $962.06M | $1.11B | $1.15B | $1.11B | $1.04B | $1.05B | $635.28M | $646.60M |
| Total Liabilities | $2.66B | $2.28B | $2.68B | $2.75B | $2.64B | $2.64B | $2.60B | $2.67B | $2.46B | $2.53B |
| Stockholders' Equity | $1.52B | $1.51B | $1.40B | $1.15B | $1.11B | $1.19B | $1.25B | $1.27B | $1.31B | $1.34B |
| Retained Earnings | $567.81M | $541.38M | $491.75M | $245.55M | $214.26M | $295.85M | $366.67M | $381.28M | $429.68M | $465.86M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($40.71M) | - | - | - | ($1.40M) | - | - | - | $25.43M | - |
| Investing Cash Flow | ($43.07M) | - | - | - | ($40.92M) | - | - | - | ($22.63M) | - |
| Financing Cash Flow | $91.83M | - | - | - | ($15.85M) | - | - | - | ($53.61M) | - |
| CapEx | $43.07M | - | - | - | $40.93M | - | - | - | $22.64M | - |
| Free Cash Flow | ($83.78M) | - | - | - | ($42.33M) | - | - | - | $2.79M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 3.6% | - | 17.8% | 5.1% | -0.9% | - | 1.7% | 2.4% | 0.5% | - |
| EBITDA margin | 5.5% | - | 19.6% | 6.9% | 1.2% | - | 3.2% | 4.0% | 2.1% | - |
| Net margin | 3.0% | - | 13.0% | 3.1% | -1.7% | - | 0.3% | 0.9% | -0.2% | - |
| Free cash flow margin | -4.6% | - | - | - | -2.4% | - | - | - | 0.1% | - |
| FCF / Net income | -1.54 | - | - | - | 1.39 | - | - | - | -0.74 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 1.4% | - | 1.2% | 1.2% | 1.4% | - | 1.0% | 1.1% | 2.1% | - |
| Effective tax rate | 18.5% | - | 23.9% | 22.1% | - | - | 46.3% | 26.3% | - | - |
| Return on assets | 1.3% | - | 6.4% | 1.5% | -0.8% | - | 0.2% | 0.5% | -0.1% | - |
| Return on equity | 3.6% | - | 18.8% | 5.2% | -2.7% | - | 0.6% | 1.5% | -0.3% | - |
| Return on invested capital | 2.2% | - | 11.6% | 3.3% | -0.6% | - | 0.9% | 1.5% | 0.4% | - |
| Liquidity | ||||||||||
| Current ratio | 1.62 | 1.61 | 1.51 | 1.42 | 1.56 | 1.62 | 1.69 | 1.63 | 1.28 | 1.30 |
| Quick ratio | 0.60 | 0.49 | 0.48 | 0.56 | 0.54 | 0.62 | 0.66 | 0.59 | 0.50 | 0.54 |
| Cash ratio | 0.13 | 0.15 | 0.12 | 0.14 | 0.13 | 0.18 | 0.17 | 0.15 | 0.16 | 0.18 |
| Leverage | ||||||||||
| Debt / Equity | 0.62 | 0.53 | 0.69 | 0.96 | 1.03 | 0.93 | 0.83 | 0.83 | 0.48 | 0.48 |
| Debt / Assets | 0.22 | 0.21 | 0.24 | 0.28 | 0.31 | 0.29 | 0.27 | 0.27 | 0.17 | 0.17 |
| Debt / EBITDA | 9.45 | - | 2.44 | 8.43 | 55.21 | - | 15.22 | 13.05 | 15.06 | - |
| Interest coverage | 4.1x | - | 16.9x | 4.4x | -0.9x | - | 1.8x | 2.4x | 0.5x | - |
| Equity multiplier | 2.78 | 2.54 | 2.92 | 3.39 | 3.38 | 3.21 | 3.07 | 3.11 | 2.88 | 2.89 |
| Liabilities / Assets | 0.63 | 0.60 | 0.66 | 0.71 | 0.70 | 0.69 | 0.67 | 0.68 | 0.65 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.43 | - | 0.49 | 0.49 | 0.46 | - | 0.56 | 0.51 | 0.53 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 96d | - | 63d | 75d | 80d | - | 73d | 88d | 83d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 56.9x | - | 6.9x | 22.7x | - | - | 135.4x | 78.9x | - | - |
| P / B | 2.1x | - | 1.3x | 1.2x | 0.7x | - | 0.8x | 1.2x | 1.7x | - |
| P / S | 1.7x | - | 0.9x | 0.7x | 0.4x | - | 0.5x | 0.7x | 1.1x | - |
| EV / EBITDA | 38.9x | - | 6.6x | 17.4x | 85.6x | - | 27.0x | 29.0x | 61.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.5% | - | -6.1% | -6.1% | -11.9% | - | -16.9% | 13.1% | 17.5% | - |
| Revenue CAGR (3y) | 2.7% | - | -0.7% | -3.5% | 8.9% | - | 17.8% | 18.3% | 30.6% | - |
| Revenue CAGR (5y) | 15.5% | - | 23.9% | 29.7% | 7.7% | - | 18.7% | 18.7% | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 884.1% | 98.9% | - | - | -81.5% | 4.8% | -96.4% | - |
| Net income growth (YoY) | - | - | 3408.3% | 219.0% | -710.5% | - | -95.6% | -37.9% | - | - |
| EPS growth (YoY) | - | - | 3869.2% | 265.6% | -850.0% | - | -95.3% | -34.7% | - | - |
| EPS CAGR (3y) | -34.4% | - | 4.9% | -22.4% | - | - | -54.4% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | -10.6% | - | - |
| FCF growth (YoY) | -97.9% | - | - | - | - | - | - | - | -97.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 36.3% | 26.9% | 11.3% | -9.3% | -15.2% | -10.8% | 17.1% | 37.7% | 47.7% | 107.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.08B totalRefining$7.21B · 89.2%
Retail Segment$576.73M · 7.1%
Logistics$298.44M · 3.7%
Product / service
$14.82B totalFuel Revenue$7.02B · 47.4%
Distillates$2.94B · 19.8%
Gasoline$2.59B · 17.5%
Other Refined Products$1.49B · 10.1%
Transportationand Terminalling Services$298.44M · 2.0%
Other Revenue$188.06M · 1.3%
Other Revenues$188.06M · 1.3%
Merchandise$104.75M · 0.7%
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing PAR PACIFIC HOLDINGS against the 5 most active filers in the same SIC group.