Par Pacific Holdings, Inc. (PARR) Income Statement
PARR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPARR revenue and net income
Where PARR's revenue goes
2025Each bar shows an amount and its share of revenue. PARR kept 4.9% of revenue as net income.
PARR profit margins
PARR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.4% | +0.6% | +19.0% | +13.7% |
| Gross profit | +82.7% | +17.0% | +73.1% | +18.0% |
| Operating income | +1,031.2% | +7.2% | — | +24.2% |
| Net income | — | +0.5% | — | — |
| EPS (diluted) | +2,562.1% | −0.6% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PARR quarterly EPS vs estimates
Par Pacific beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 3, 2026 (estimate $6.31).
PARR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.46B | $7.97B | $8.23B | $7.32B | $4.71B | $3.12B | $5.40B | $3.41B | $2.44B | $1.87B |
| Cost of revenue | $6.11B | $7.23B | $6.96B | $6.48B | $4.43B | $3.04B | $4.89B | $3.06B | $2.10B | $1.67B |
| Gross profit | $1.35B | $741.7M | $1.27B | $846.0M | $277.4M | $87.1M | $511.8M | $355.0M | $342.4M | $197.1M |
| Research & development | — | — | $11.4M | $9.0M | $9.6M | — | — | $0 | $0 | $0 |
| Sales, general & admin | $98.5M | $108.8M | $576.6M | $62.4M | $48.1M | $41.3M | $46.2M | $47.4M | $46.1M | $42.1M |
| Total operating expenses | $816.1M | $694.1M | $594.0M | $408.1M | $285.0M | $405.1M | $363.8M | $215.3M | $202.0M | $248.4M |
| Operating income | $538.8M | $47.6M | $680.0M | $437.9M | −$7.6M | −$318.0M | $148.0M | $81.9M | $94.0M | −$19.6M |
| Interest income | — | — | — | — | — | — | $167.8M | $28.5M | $14.9M | $47.9M |
| Interest expense | $82.4M | $82.8M | $72.5M | $68.3M | $66.5M | $70.2M | $74.8M | $39.8M | $31.6M | $28.5M |
| Income before taxes | $477.9M | −$39.0M | $613.3M | $364.9M | −$80.3M | −$429.8M | −$28.9M | $39.8M | $71.3M | −$53.7M |
| Income taxes | $110.8M | −$5.7M | −$115.3M | $710,000 | $1.0M | −$20.7M | −$69.7M | $333,000 | −$1.3M | −$7.9M |
| Net income | $369.4M | −$33.3M | $728.6M | $364.2M | −$81.3M | −$409.1M | $40.8M | $39.4M | $72.6M | −$45.8M |
| EBITDA | $704.6M | $175.4M | $805.6M | $533.0M | $80.5M | −$269.5M | $132.1M | $132.2M | $148.9M | $9.1M |
| EPS (diluted) | $7.72 | $0.29 | $8.21 | $7.86 | −$1.82 | −$4.74 | $1.73 | $0.97 | $1.75 | −$1.17 |
| Gross margin | 18.1% | 9.3% | 15.5% | 11.6% | 5.9% | 2.8% | 9.5% | 10.4% | 14.0% | 10.6% |
| Operating margin | 7.2% | 0.6% | 8.3% | 6.0% | −0.2% | −10.2% | 2.7% | 2.4% | 3.8% | −1.1% |
| Net margin | 4.9% | −0.4% | 8.9% | 5.0% | −1.7% | −13.1% | 0.8% | 1.2% | 3.0% | −2.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.97B | $1.82B | $1.81B | $2.01B | $1.89B | $1.75B | $1.83B | $2.14B | $2.02B | $1.98B | $2.18B | $2.58B |
| Cost of revenue | $2.12B | $1.66B | $1.43B | $1.45B | $1.63B | $1.60B | $1.71B | $1.94B | $1.80B | $1.78B | $1.83B | $2.21B |
| Gross profit | $852.7M | $160.4M | $381.3M | $559.2M | $265.2M | $149.1M | $119.0M | $206.9M | $215.1M | $200.7M | $351.7M | $369.6M |
| Research & development | — | — | — | — | — | — | $5.0M | $4.0M | $3.1M | $2.0M | $2.9M | $3.1M |
| Sales, general & admin | $28.0M | $24.9M | $26.3M | $164.3M | $23.6M | $24.2M | $21.5M | $22.4M | $23.2M | $41.8M | $25.3M | $23.7M |
| Total operating expenses | $218.1M | $24.9M | $282.0M | $200.7M | $168.5M | $164.9M | $166.0M | $170.4M | $166.5M | $191.2M | $176.4M | $172.7M |
| Operating income | $634.6M | $135.5M | $99.3M | $358.5M | $96.8M | −$15.8M | −$47.0M | $36.4M | $48.6M | $9.5M | $175.3M | $196.9M |
| Interest expense | $14.3M | $15.9M | $17.2M | $21.3M | $22.1M | $21.8M | $21.1M | $23.4M | $20.4M | $17.9M | $20.5M | $20.8M |
| Income before taxes | $607.0M | $58.5M | $93.5M | $345.3M | $76.3M | −$37.3M | −$71.9M | $13.9M | $25.3M | −$6.4M | $167.2M | $176.0M |
| Income taxes | $144.0M | $12.3M | $18.1M | $82.7M | $16.9M | −$6.9M | −$16.2M | $6.5M | $6.7M | −$2.6M | −$122.1M | $4.6M |
| Net income | $462.1M | $54.5M | $77.7M | $262.6M | $59.5M | −$30.4M | −$55.7M | $7.5M | $18.6M | −$3.8M | $289.3M | $171.4M |
| EBITDA | $698.6M | $77.0M | $147.4M | $402.9M | $133.2M | $21.1M | −$15.9M | $69.2M | $77.9M | $44.2M | $219.7M | $232.1M |
| EPS (diluted) | $10.10 | $0.78 | $1.17 | $5.95 | $1.54 | −$0.94 | −$0.79 | −$0.10 | $0.49 | $0.69 | $1.08 | $3.15 |
| Gross margin | 28.7% | 8.8% | 21.0% | 27.8% | 14.0% | 8.5% | 6.5% | 9.6% | 10.7% | 10.1% | 16.1% | 14.3% |
| Operating margin | 21.4% | 7.4% | 5.5% | 17.8% | 5.1% | −0.9% | −2.6% | 1.7% | 2.4% | 0.5% | 8.0% | 7.6% |
| Net margin | 15.6% | 3.0% | 4.3% | 13.0% | 3.1% | −1.7% | −3.0% | 0.3% | 0.9% | −0.2% | 13.3% | 6.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PARR's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PARR financial results
In fiscal year 2025 (ended December 31, 2025), Par Pacific reported revenue of $7.5 billion, down 6.4% from the year before. It had net income of $369.4 million, a net profit margin of 4.9%. Diluted earnings per share came to $7.72. Over five years revenue grew at an average rate of 19.0% a year.
See the PARR stock overview for the latest quote and news, or the PARR chart for price history and technical indicators.
PARR income statement FAQ
What is Par Pacific's annual revenue?
Par Pacific reported total revenue of $7.5 billion for fiscal year 2025, which ended on December 31, 2025. That was down 6.4% from $8.0 billion the previous year.
Is Par Pacific profitable?
Yes. Par Pacific reported net income of $369.4 million in fiscal 2025, a net profit margin of 4.9%; its operating margin was 7.2%.
What is Par Pacific's gross margin?
Par Pacific's gross margin was 18.1% in fiscal 2025: for every $100 of revenue, Par Pacific kept $18 after the direct cost of its products and services.
How fast is Par Pacific growing?
Revenue grew 19.0% a year on average over the last five fiscal years, from $3.1 billion to $7.5 billion.
What are Par Pacific's earnings per share?
Par Pacific earned $7.72 per diluted share in fiscal 2025, compared with $0.29 a year earlier.
When will Par Pacific report its next earnings?
Par Pacific is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Par Pacific's fiscal year end?
Par Pacific's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.