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← CockpitCompetitor Analysis › PARR Par Pacific Holdings IncOpen in the cockpit ↗

Par Pacific Holdings IncPARRCompetitor analysis, valuation and peers

United States · USD·Energy›Oil Refining/Marketing

Operates petroleum refineries in Hawaii, Washington and Wyoming, with retail fuel stations and logistics operations.

Momentum neutral 40
Mkt cap
$3.41B
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$69.9M
20-day average traded
Fwd P/E
3.4×
forward earnings
ROIC−WACC
+40.1 pp
WACC 8.5%
Hurdle
n/a
no reverse DCF
Next earnings
110 days
24 Feb 2027
Close · USD$68.06
1D-0.9%
1W-10.7%
1M-22.4%
3M-5.0%
6M+5.7%
YTD+93.7%
1Y+80.9%
ATR %6.9%
Beta-0.58
52w lowhigh25.0% off high

What Par Pacific does

Operates petroleum refineries in Hawaii, Washington and Wyoming, with retail fuel stations and logistics operations.

Refines crude into fuels and sells most of it to wholesale buyers and its own stations, so profit is the gap between product prices and crude cost. Hawaii is the distinctive piece, since its supply of crude and fuel must arrive by ship, which limits outside competition for its refinery. Washington and Wyoming sell into regional markets.

Products and services

  • Hawaii refining
  • Washington/Wyoming refining
  • Retail fuel stations
  • Logistics/terminals

Customers

  • Wholesale fuel distributors
  • Retail motorists (Hawaii, Pacific NW)

Where it sits in the supply chain

  • Energy
  • Refining/marketing
  • Regional petroleum refining, retail…

What could go right

  • Hawaii/Pacific NW regional refining margin advantage
  • Renewable fuels production growth

What could go wrong

  • Refining margin (crack spread) cyclicality
  • Concentrated regional operations risk (weather, single refineries)

Moat: narrow (scale, installed base). Geographic isolation in Hawaii gives limited import competition, aiding regional refining margins.

Headquarters: Houston, Texas, United States · Founded: 2013 · Employees: 1,758

Named competitors

Par Pacific at a glance

Size Par Pacific (PARR) is a United States Energy company (Oil Refining/Marketing) with a market value of $3.41B, the 1454th largest of 3,117 United States companies the cockpit tracks. Shares closed at $68.06 on 6 Nov 2026.

Performance Over six months the shares gained 5.7%, against +3.1% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 20 in its peer set.

Growth Revenue grew 29.1% over the last twelve months (peer median +15.8%); the operating margin is 13.3% (peer median 6.3%).

Valuation It trades at 3.4× forward earnings against a peer median of 7.1× (3rd cheapest of 18).

Capital Return on invested capital runs 40.1 points above its cost of capital (8.5% WACC).

Short interest Short interest is 8.1% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026PARR 106Peer median 103
Six months, rebased to 100: Par Pacific against the median of its 19 peers (local-currency closes).

Par Pacific financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$9.66B$7.46B$7.97B$8.23B$7.32B
Revenue growth—-6%-3%+12%—
Gross profit$1.40B$526M$148M$828M$616M
EBITDA$1.44B$571M$171M$856M$654M
Net income$948M$369M-$33.3M$729M$364M
Free cash flown/a$356M$1.73M$589M$325M
Capital expendituren/a$149M$136M$82.3M$53.0M
Total debt$496M$1.39B$1.76B$1.61B$1.77B

Quarterly statements and history in the cockpit →

Par Pacific competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-40%-20%0%IEPCLMTMRPLDOFG03385021VEACVIDKCHENNPETROCASTROLINDALDPBFHINDPETRO0109505019000059NAE096770PARR6-month return →1-month return →
Up and to the right = strong over both horizons. Par Pacific is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%10×20×IEPCLMTMRPLDOFG03385021VEACVIDKCHENNPETROCASTROLINDALDPBF0109505019000059096770PARRRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Par Pacific is the large dot.

Par Pacific competitors and peer comparison

Head to head with its named competitors (PARR vs DINO vs DK vs MPC)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Par Pacific PARR$3.41B+6%+29%13%3.4×n/a
HF Sinclair DINO$16.7B+34%+29%14%5.0×-20.0%
Delek US DK$3.92B+39%+11%6%3.2×-10.1%
Marathon Petroleum MPC$101B+53%+32%12%5.1×-16.8%

How Par Pacific compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Par Pacific against its 19 peers (data as of 6 Nov 2026)
MeasurePARRPeer medianRank in peer set
1-month return-22.4%-16.9%7th lowest of 20
6-month return+5.7%+3.1%10th highest of 20
Distance from 52-week high-25.0%-28.0%9th highest of 20
Revenue growth (TTM)+29.1%+15.8%5th highest of 20
Operating margin13.3%6.3%3rd highest of 20
Forward P/E3.4×7.1×3rd cheapest of 18
ROIC minus cost of capital+40.1 pp+10.0 pphighest of 20
EV / EBITDA2.2×5.0×2nd cheapest of 13
Net debt / EBITDA-0.2×1.6×3rd least indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Par Pacific PARRUnited States$3.41B+6%+29%13%3.4×n/an/a
Icahn Enterprises L.P IEPUnited States$3.38B-41%+16%-7%9.5×n/an/a
Calumet CLMTUnited States$3.48B+24%+13%1%9.1×39.0%+12.8%
Mangalore Refinery & Petrochemicals MRPL.NSIndia$3.26B+13%+38%6%4.6×-6.0%+22.9%
DOF DOFG.OLNorway$3.24B-12%+22%26%7.8×0.9%+28.0%
Sinopec Shanghai Petrochemical 0338.HKHong Kong$3.71B-8%-6%-2%20.8×n/an/a
Cosmo Energy 5021.TJapan$3.74B-10%0%9%7.0×-18.5%+3.7%
Viva Energy VEA.AXAustralia$3.04B+19%-2%4%7.8×-15.1%+18.2%
CVR Energy CVIUnited States$3.83B+14%+34%11%5.2×-17.9%+12.8%
Delek US DKUnited States$3.92B+39%+11%6%3.2×-10.1%+8.0%
Chennai Petroleum CHENNPETRO.NSIndia$2.27B+34%+31%10%3.5×-12.0%+28.6%
Castrol India CASTROLIND.NSIndia$2.00B+3%+17%20%17.9×10.7%+13.8%
Ampol ALD.AXAustralia$5.95B+6%+15%6%10.8×-14.0%+15.4%
PBF Energy PBFUnited States$8.16B+65%+32%8%2.6×n/an/a
Hindustan Petroleum HINDPETRO.NSIndia$8.67B-2%+17%0%n/a24.7%+13.6%
S-Oil 010950.KSSouth Korea$9.00B-21%+19%10%3.5×n/an/a
Idemitsu Kosan 5019.TJapan$9.54B-9%-3%6%7.1×-12.8%+12.2%
North Huajin Chemical Industries 000059.SZChina$1.10B-20%+3%1%14.1×-8.0%+4.6%
North Atlantic Energies NAE.PAFrance$1.09B+30%-23%3%n/an/an/a
SK Innovation 096770.KSSouth Korea$13.4B-25%+26%9%4.5×n/an/a

Questions

Who are Par Pacific's main competitors?
Named competitors: HF Sinclair (DINO), Delek US Holdings (DK), Marathon Petroleum (MPC). The cockpit's measured peer set (industry) also includes Icahn Enterprises L.P (IEP), Calumet (CLMT), Mangalore Refinery & Petrochemicals (MRPL.NS), DOF (DOFG.OL), Sinopec Shanghai Petrochemical (0338.HK), Cosmo Energy (5021.T).
Is Par Pacific expensive compared with its peers?
On forward p/e it trades at 3.4× against a peer median of 7.1×, 3rd cheapest of 18 in its peer set.
How has Par Pacific stock performed?
Over six months to 6 Nov 2026 the shares returned +5.7% against +3.1% for the median peer; over one year +80.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.