Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | $2.44B | $3.41B | $5.40B | $3.12B | $4.71B | $7.32B | $8.23B | $7.97B | $7.46B |
| Revenue growth | — | 31.0% | 39.6% | 58.4% | -42.1% | 50.7% | 55.4% | 12.4% | -3.1% | -6.4% |
| Operating income | -$19.6M | $94.0M | $81.9M | $148M | -$318M | -$7.62M | $438M | $680M | $47.6M | $539M |
| Operating margin | -1.1% | 3.8% | 2.4% | 2.7% | -10.2% | -0.2% | 6.0% | 8.3% | 0.6% | 7.2% |
| Net income | -$45.8M | $72.6M | $39.4M | $40.8M | -$409M | -$81.3M | $364M | $729M | -$33.3M | $369M |
| Net margin | -2.5% | 3.0% | 1.2% | 0.8% | -13.1% | -1.7% | 5.0% | 8.9% | -0.4% | 4.9% |
| EPS (diluted) | -$1.08 | $1.57 | $0.85 | $0.80 | -$7.68 | -$1.40 | $6.08 | $11.94 | -$0.59 | $7.16 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$23.4M | $106M | $90.6M | $106M | -$37.2M | -$27.6M | $453M | $579M | $83.8M | $445M |
| Capital expenditures | $24.8M | $31.7M | $48.4M | $83.9M | $63.5M | $29.5M | $53.0M | $82.3M | $136M | $149M |
| Free cash flow | -$48.2M | $74.8M | $42.2M | $21.7M | -$101M | -$57.2M | $400M | $497M | -$51.8M | $296M |
| Share buybacks | — | — | — | — | $1.16M | $2.15M | $7.83M | $67.8M | $142M | $125M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $47.8M | $118M | $75.1M | $126M | $68.3M | $112M | $491M | $279M | $192M | $164M |
| Total assets | $1.15B | $1.35B | $1.46B | $2.70B | $2.13B | $2.57B | $3.28B | $3.86B | $3.83B | $3.83B |
| Total liabilities | $777M | $900M | $948M | $2.05B | $1.89B | $2.30B | $2.64B | $2.53B | $2.64B | $2.28B |
| Long-term debt | $350M | $385M | $393M | $600M | $649M | $554M | $495M | $647M | $1.11B | $798M |
| Shareholders' equity | $369M | $448M | $512M | $648M | $246M | $266M | $645M | $1.34B | $1.19B | $1.51B |
| Retained earnings | -$221M | -$148M | -$109M | -$67.9M | -$477M | -$559M | -$201M | $466M | $296M | $541M |
| Shares (wtd avg diluted) | 42.3M | 45.6M | 45.8M | 50.5M | 53.3M | 58.3M | 59.9M | 61.0M | 56.8M | 51.6M |
Every figure is extracted from PAR PACIFIC HOLDINGS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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