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PAR PACIFIC HOLDINGS, INC.

CIK: 821483 SIC: 1311
$7.46B
Revenue
$369.39M
Net Income
18.15%
Gross Margin
7.22%
Op. Margin
$297.25M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 14 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $7.46B $7.46B $7.97B $8.23B $7.32B $4.71B
Revenue Growth % 0.0% -6.4% -3.1% 12.4% 55.4% nan%
Cost of Revenue $6.11B $6.11B $7.10B $6.84B $6.38B $4.34B
+ Gross Profit $1.35B $1.35B $873.31M $1.39B $945.77M $371.62M
Gross Margin % 18.1% 18.1% 11.0% 16.9% 12.9% 7.9%
Operating Expenses $6.93B $6.93B $7.93B $7.55B $6.88B $4.72B
+ Operating Income $538.76M $538.76M $47.63M $680.01M $437.90M $-7.62M
Operating Margin % 7.2% 7.2% 0.6% 8.3% 6.0% -0.2%
Interest Expense $137.82M $80.47M $67.83M $72.45M $68.29M $66.49M
Other Income/Expense $-665.00K $-665.00K $-1.87M $-53.00K $613.00K $-52.00K
Income Before Tax $477.87M $477.87M $-39.02M $613.31M $364.90M $-80.28M
Income Tax Expense $110.78M $110.78M $-5.70M $-115.34M $710.00K $1.02M
+ Net Income $369.39M $369.39M $-33.32M $728.64M $364.19M $-81.30M
Net Margin % 4.9% 4.9% -0.4% 8.9% 5.0% -1.7%
Basic EPS 7.49 7.28 -0.59 12.14 6.12 -1.40
Diluted EPS 7.30 7.16 -0.59 11.94 6.08 -1.40
Basic Shares Outstanding - 50.7M 56.8M 60.0M 59.5M 58.3M
Diluted Shares Outstanding - 51.6M 56.8M 61.0M 59.9M 58.3M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $164.11M $191.92M $279.11M $490.93M $112.22M
Accounts Receivable $312.67M $398.13M $367.25M $252.88M $195.11M
Inventory $1.23B $1.09B $1.16B $1.04B $790.32M
Other Current Assets $10.37M $21.34M $182.41M $92.04M $28.52M
Total Current Assets $1.78B $1.77B $1.99B $1.88B $1.13B
Goodwill $127.28M $129.28M $129.28M $129.32M $127.26M
Intangible Assets $9.48M $9.52M $10.92M $13.58M $16.23M
Other Non-current Assets $197.03M $235.09M $186.66M $69.31M $56.26M
Total Assets $3.83B $3.83B $3.86B $3.28B $2.57B
Accounts Payable $341.56M $436.80M $391.32M $151.40M $154.54M
Accrued Liabilities $467.04M $344.19M $421.76M $640.49M $370.42M
Deferred Revenue $6.70M $16.20M - - -
Total Current Liabilities $1.11B $1.10B $1.52B $1.79B $1.36B
Long-term Debt $802.87M $1.11B $646.60M $494.58M $553.72M
Other Non-current Liabilities $52.65M $59.94M $62.37M $48.43M $52.26M
Total Liabilities $2.28B $2.64B $2.53B $2.64B $2.30B
Common Stock $497.00K $552.00K $597.00K $604.00K $602.00K
Retained Earnings $541.38M $295.85M $465.86M $-200.69M $-559.12M
Total Stockholders Equity $1.51B $1.19B $1.34B $644.54M $265.70M
Total Liabilities & Equity $3.83B $3.83B $3.86B $3.28B $2.57B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $338.99M $369.39M $-33.32M $728.64M $364.19M $-81.30M
Depreciation & Amortization $144.32M $144.32M $131.59M $119.83M $99.77M $94.24M
Stock-based Compensation $28.17M $16.60M $25.70M $11.63M $9.35M $8.16M
Deferred Income Tax $102.11M $100.42M $-2.56M $-126.27M $274.00K $-260.00K
Change in Receivables $-109.92M $-84.67M $26.04M $112.42M $57.39M $83.95M
Change in Inventory $65.65M $144.10M $-62.85M $-180.24M $254.44M $350.65M
Operating Cash Flow $576.12M $445.34M $83.78M $579.16M $452.61M $-27.62M
Capital Expenditure $278.87M $148.87M $135.54M $82.28M $53.02M $29.53M
Acquisitions - - - $595.42M $35.55M -
Investing Cash Flow $-270.49M $-142.78M $-133.99M $-659.04M $-87.31M $74.63M
Debt Repayment $11.06B $6.35B $4.06B $1.32B $446.86M $329.31M
Stock Issued - - - - - $87.19M
Stock Repurchased $256.78M $124.84M $141.97M $67.82M $7.83M $2.15M
Financing Cash Flow $-414.32M $-330.36M $-36.96M $-135.60M $13.41M $-1.09M
Net Change in Cash $-108.70M $-27.80M $-87.18M $-215.48M $378.70M $45.91M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $2.01B - $5.65B -
Cost of Revenue $1.45B - $4.61B -
Operating Expenses $1.65B - $5.21B -
Operating Income $358.52M - $439.50M -
Interest Expense $21.27M - $55.66M -
Other Income/Expense $-109.00K - $-643.00K -
Income Before Tax $345.34M - $384.39M -
Income Tax Expense $82.71M - $92.70M -
Net Income $262.63M $18.64M $291.69M -
Basic EPS 5.29 - 5.69 -
Diluted EPS 5.16 - 5.62 -
Basic Shares Outstanding $49.63M - $51.24M -
Diluted Shares Outstanding $50.90M - $51.88M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $159.06M $191.92M
Accounts Receivable $349.12M $398.13M
Inventory $1.35B $1.09B
Other Current Assets $122.23M $92.53M
Total Current Assets $1.98B $1.77B
Goodwill $129.28M $129.28M
Intangible Assets $8.79M $9.52M
Other Non-current Assets $236.18M $235.09M
Total Assets $4.08B $3.83B
Accounts Payable $447.62M $436.80M
Accrued Liabilities $475.44M $344.19M
Total Current Liabilities $1.31B $1.10B
Long-term Debt $962.06M $1.11B
Other Non-current Liabilities $60.17M $59.94M
Total Liabilities $2.68B $2.64B
Common Stock $502.00K $552.00K
Retained Earnings $491.75M $295.85M
Total Stockholders Equity $1.40B $1.19B
Total Liabilities & Equity $4.08B $3.83B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $262.63M $18.64M $291.69M -
Depreciation & Amortization $36.28M - $107.58M -
Stock-based Compensation - - $11.76M -
Deferred Income Tax - - $81.27M -
Change in Receivables - - $-48.90M -
Change in Inventory - - $265.05M -
Operating Cash Flow - - $351.54M -
Capital Expenditure - - $121.34M -
Investing Cash Flow - - $-119.06M -
Debt Repayment - - $5.18B -
Stock Repurchased - - $97.28M -
Financing Cash Flow - - $-265.34M -
Net Change in Cash - - $-32.86M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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