Par Pacific vs PBF Energy
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KIRA’s take AI analyst
I put Par Pacific and PBF Energy side by side, using each one’s latest annual report. Here is what stands out:
- PBF Energy is the larger business, with $29.3B of revenue in fiscal 2025 against $7.5B for Par Pacific, about 3.9 times as much.
- Par Pacific grew revenue faster (−6.4%, against −11.4%).
- Par Pacific kept more of each dollar of sales as operating profit (7.2% operating margin, against −0.2%).
- Par Pacific turned more of its sales into free cash flow (4.0% FCF margin, against −2.7%).
- Par Pacific earned a higher return on the capital invested in it (19.3%, against −0.6%).
- Investors pay more for each dollar of PBF Energy’s earnings: a P/E of 7.1x against 4.8x for Par Pacific.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Par Pacific
PARR
10/10
Revenue growth5-year growthOperating marginNet marginFCF marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDAShare count change
PBF Energy
PBF
0/10
Side by side
Best in the row
| Latest fiscal year | PARR FY25 | PBF FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.1B | $9.8B |
| Revenue | $7.5B | $29.3B |
| Free cash flow | $296M | −$783M |
| Net income | $369M | −$159M |
| Growth | ||
| Revenue growth | −6.4% | −11.4% |
| 5-year growth | 19.0% | 14.2% |
| Share count change | −9.1% | −1.9% |
| Profitability | ||
| Gross margin | — | −2.0% |
| Operating margin | 7.2% | −0.2% |
| Net margin | 5.0% | −0.5% |
| FCF margin | 4.0% | −2.7% |
| Return on capital | 19.3% | −0.6% |
| Return on equity | 27.3% | −2.9% |
| Balance sheet | ||
| Net debt | $653M | $1.7B |
| Net debt / EBITDA | 1.0x | 5.2x |
| Dividends and buybacks | $125M | $126M |
| Valuation & quality | ||
| P/E | 4.8x | 7.1x |
| Piotroski F-score | 6 | 4 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.

