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.

Price · PARR

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$7.46B	$7.97B	$8.23B	$7.32B	$4.71B	$3.12B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$98.45M	$108.84M	$91.45M	$62.40M	$48.10M	$41.29M
Total Operating Expenses	$6.93B	$7.93B	$7.55B	$6.88B	$4.72B	$3.44B
D&A	$144.32M	$131.59M	$119.83M	$99.77M	$94.24M	$90.04M
Operating Income	$538.76M	$47.63M	$680.01M	$437.90M	($7.62M)	($318.00M)
Interest Expense	$82.38M	$82.79M	$72.45M	$68.29M	$66.49M	$70.22M
Income Tax	$110.78M	($5.70M)	($115.34M)	$710.0K	$1.02M	($20.72M)
Net Income	$369.39M	($33.32M)	$728.64M	$364.19M	($81.30M)	($409.09M)
EPS - Basic	$7.28	($0.59)	$12.14	$6.12	($1.40)	($7.68)
EPS - Diluted	$7.16	($0.59)	$11.94	$6.08	($1.40)	($7.68)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$164.11M	$191.92M	$279.11M	$490.93M	$112.22M	$68.31M
Accounts Receivable	$312.67M	$398.13M	$367.25M	$252.88M	$195.11M	$111.66M
Inventory	$1.23B	$1.09B	$1.16B	$1.04B	$790.32M	$429.86M
Accounts Payable	$341.56M	$436.80M	$391.32M	$151.40M	$154.54M	$106.94M
Current Assets	$1.78B	$1.77B	$1.99B	$1.88B	$1.13B	$636.47M
Total Assets	$3.83B	$3.83B	$3.86B	$3.28B	$2.57B	$2.13B
Current Liabilities	$1.11B	$1.10B	$1.52B	$1.79B	$1.36B	$878.68M
Long-term Debt	$797.94M	$1.11B	$646.60M	$494.58M	$553.72M	$648.66M
Total Liabilities	$2.28B	$2.64B	$2.53B	$2.64B	$2.30B	$1.89B
Stockholders' Equity	$1.51B	$1.19B	$1.34B	$644.54M	$265.70M	$246.27M
Retained Earnings	$541.38M	$295.85M	$465.86M	($200.69M)	($559.12M)	($477.03M)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$445.34M	$83.78M	$579.16M	$452.61M	($27.62M)	($37.21M)
Investing Cash Flow	($142.78M)	($133.99M)	($659.04M)	($87.31M)	$74.63M	($63.46M)
Financing Cash Flow	($330.36M)	($36.96M)	($135.60M)	$13.41M	($1.09M)	$42.56M
CapEx	$148.87M	$135.54M	$82.28M	$53.02M	$29.53M	$63.52M
Free Cash Flow	$296.46M	($51.76M)	$496.88M	$399.58M	($57.16M)	($100.74M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	7.2%	0.6%	8.3%	6.0%	-0.2%	-10.2%
EBITDA margin	9.2%	2.2%	9.7%	7.3%	1.8%	-7.3%
Net margin	4.9%	-0.4%	8.9%	5.0%	-1.7%	-13.1%
Free cash flow margin	4.0%	-0.6%	6.0%	5.5%	-1.2%	-3.2%
FCF / Net income	0.80	1.55	0.68	1.10	0.70	0.25
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	1.3%	1.4%	1.1%	0.9%	1.0%	1.3%
Effective tax rate	23.1%	-	-18.8%	0.2%	-	-
Return on assets	9.6%	-0.9%	18.9%	11.1%	-3.2%	-19.2%
Return on equity	24.4%	-2.8%	54.6%	56.5%	-30.6%	-166.1%
Return on invested capital	17.9%	1.6%	34.3%	38.4%	-0.7%	-28.1%
Liquidity
Current ratio	1.61	1.62	1.30	1.05	0.83	0.72
Quick ratio	0.49	0.62	0.54	0.47	0.25	0.24
Cash ratio	0.15	0.18	0.18	0.27	0.08	0.08
Leverage
Debt / Equity	0.53	0.93	0.48	0.77	2.08	2.63
Debt / Assets	0.21	0.29	0.17	0.15	0.22	0.30
Debt / EBITDA	1.17	6.18	0.81	0.92	6.39	-
Interest coverage	6.5x	0.6x	9.4x	6.4x	-0.1x	-4.5x
Equity multiplier	2.54	3.21	2.89	5.09	9.67	8.66
Liabilities / Assets	0.60	0.69	0.65	0.80	0.90	0.88
Efficiency
Asset turnover	1.95	2.08	2.13	2.23	1.83	1.46
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	15d	18d	16d	13d	15d	13d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	4.9x	-	3.0x	3.8x	-	-
P / B	1.2x	0.8x	1.7x	2.2x	3.6x	3.0x
P / S	0.2x	0.1x	0.3x	0.2x	0.2x	0.2x
EV / EBITDA	3.6x	10.3x	3.2x	2.6x	16.2x	-
Growth
Revenue growth (YoY)	-6.4%	-3.1%	12.4%	55.4%	50.7%	27.9%
Revenue CAGR (3y)	0.6%	19.2%	38.1%	44.2%	-	8.6%
Revenue CAGR (5y)	19.0%	26.7%	-	24.5%	20.4%	8.6%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	1031.2%	-93.0%	55.3%	-	97.6%	-
Net income growth (YoY)	-	-	100.1%	-	80.1%	-
EPS growth (YoY)	-	-	96.4%	-	81.8%	-
EPS CAGR (3y)	5.6%	-	-	96.6%	-	-
EPS CAGR (5y)	-	-	69.6%	31.1%	-	-
FCF growth (YoY)	-	-	24.4%	-	43.3%	-
FCF CAGR (5y)	-	-	63.8%	39.8%	-	-
Book value growth (YoY)	26.9%	-10.8%	107.2%	142.6%	7.9%	-62.0%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$8.08B total

Refining$7.21B · 89.2%

Retail Segment$576.73M · 7.1%

Logistics$298.44M · 3.7%

Product / service

$14.82B total

Fuel 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%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.90

Safe

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Crude Petroleum & Natural Gas

Company	Revenue (last FY)	Net margin	ROE
GTE	$596.71M	-32.4%	-84.4%
APA	$2.64B	30.5%	13.2%
EOG	$22.63B	22.0%	16.7%
OVV	$8.91B	13.9%	11.1%
MTDR	$3.70B	20.5%	13.4%

Comparing PAR PACIFIC HOLDINGS against the 5 most active filers in the same SIC group.