Par Pacific Holdings financials
$78.31+0.44%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.46B | $7.97B | $8.23B | $7.32B | $4.71B | $3.12B | $5.40B | $3.41B | $2.44B | $1.87B |
| Gross profit | $1.35B | $873.3M | $1.39B | $945.8M | $371.6M | $177.2M | $597.9M | $407.6M | $388.4M | $228.7M |
| Gross margin | 18.1% | 11.0% | 16.9% | 12.9% | 7.9% | 5.7% | 11.1% | 12.0% | 15.9% | 12.3% |
| Operating income | $505.3M | $35.9M | $668.1M | $441.4M | -$72.2M | -$318.0M | $148.0M | $81.9M | $94.0M | -$16.6M |
| Net income | $369.4M | -$33.3M | $728.6M | $364.2M | -$81.3M | -$409.1M | $40.4M | $38.9M | $71.7M | -$45.8M |
| Net margin | 4.9% | −0.4% | 8.9% | 5.0% | −1.7% | −13.1% | 0.7% | 1.1% | 2.9% | −2.5% |
| Diluted EPS | $7.16 | $-0.59 | $11.94 | $6.08 | $-1.40 | $-7.68 | $0.80 | $0.85 | $1.57 | $-1.08 |
| EBITDA | $653.9M | $167.6M | $805.4M | $541.2M | $23.9M | -$142.2M | $234.1M | $134.6M | $139.9M | $15.0M |
| Operating cash flow | $445.3M | $83.8M | $579.2M | $452.6M | -$27.6M | -$37.2M | $105.6M | $90.6M | $106.5M | -$23.4M |
| Free cash flow | $296.5M | -$51.8M | $496.9M | $399.6M | -$57.2M | -$100.7M | $21.7M | $42.2M | $74.8M | -$48.2M |
| Diluted shares | 51.6M | 56.8M | 61.0M | 59.9M | 58.3M | 53.3M | 50.5M | 45.8M | 45.6M | 42.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $164.1M | $191.9M | $279.1M | $490.9M | $112.2M | $68.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $976.4M | $1.12B | $1.26B | $1.40B | $572.2M | $716.5M |
| Total assets | $3.83B | $3.83B | $3.86B | $3.28B | $2.57B | $2.13B |
| Total liabilities | $2.28B | $2.64B | $2.53B | $2.64B | $2.30B | $1.89B |
| Shareholders' equity | $1.51B | $1.19B | $1.34B | $644.5M | $265.7M | $246.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology