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安捷伦科技（A）与MPLX LP（MPLX）财务数据对比。点击上方公司名可切换其他公司
MPLX LP的季度营收约是安捷伦科技的1.4倍（$2.5B vs $1.8B），MPLX LP净利率更高（49.1% vs 17.0%，领先32.1%），安捷伦科技同比增速更快（7.0% vs 1.4%），MPLX LP自由现金流更多（$782.0M vs $175.0M），过去两年安捷伦科技的营收复合增速更高（6.9% vs 6.2%）
安捷伦科技是全球知名的生命科学、诊断与应用化学领域解决方案提供商，旗下生命科学与应用市场业务板块提供液相色谱系统及组件、液相色谱质谱联用系统、气相色谱设备、电感耦合等离子体质谱仪、原子吸收仪等多种分析检测仪器，服务全球各领域客户。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
A vs MPLX — 直观对比
营收规模更大
MPLX
是对方的1.4倍
$1.8B
营收增速更快
A
高出5.6%
1.4%
净利率更高
MPLX
高出32.1%
17.0%
自由现金流更多
MPLX
多$607.0M
$175.0M
两年增速更快
A
近两年复合增速
6.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.5B |
| 净利润 | $305.0M | $1.2B |
| 毛利率 | 52.6% | — |
| 营业利润率 | 19.6% | 60.5% |
| 净利率 | 17.0% | 49.1% |
| 营收同比 | 7.0% | 1.4% |
| 净利润同比 | -4.1% | 8.5% |
| 每股收益（稀释后） | $1.07 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMPLX
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.7B | $2.4B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.6B | $2.3B |
净利润AMPLX
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | $1.2B | ||
| Q3 25 | $336.0M | $1.6B | ||
| Q2 25 | $215.0M | $1.1B | ||
| Q1 25 | $318.0M | $1.1B | ||
| Q4 24 | $351.0M | $1.1B | ||
| Q3 24 | $282.0M | $1.0B | ||
| Q2 24 | $308.0M | $1.2B |
毛利率AMPLX
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 54.2% | — | ||
| Q2 24 | 54.4% | — |
营业利润率AMPLX
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | 60.5% | ||
| Q3 25 | 20.7% | 73.2% | ||
| Q2 25 | 18.0% | 54.9% | ||
| Q1 25 | 22.4% | 55.5% | ||
| Q4 24 | 24.0% | 55.6% | ||
| Q3 24 | 21.1% | 54.4% | ||
| Q2 24 | 23.1% | 62.9% |
净利率AMPLX
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | 49.1% | ||
| Q3 25 | 19.3% | 63.2% | ||
| Q2 25 | 12.9% | 44.9% | ||
| Q1 25 | 18.9% | 46.2% | ||
| Q4 24 | 20.6% | 45.9% | ||
| Q3 24 | 17.9% | 44.6% | ||
| Q2 24 | 19.6% | 52.6% |
每股收益（稀释后）AMPLX
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | — | ||
| Q3 25 | $1.18 | — | ||
| Q2 25 | $0.75 | — | ||
| Q1 25 | $1.11 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $0.97 | — | ||
| Q2 24 | $1.05 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.8B | $2.1B |
| 总债务越低越好 | $3.0B | $24.2B |
| 股东权益账面价值 | $6.9B | — |
| 总资产 | $12.8B | $43.0B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资AMPLX
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.7B | $2.5B |
总债务AMPLX
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | $24.2B | ||
| Q3 25 | $3.4B | $24.1B | ||
| Q2 25 | $3.3B | $19.7B | ||
| Q1 25 | $3.3B | $19.7B | ||
| Q4 24 | $3.3B | $19.3B | ||
| Q3 24 | $2.1B | $19.3B | ||
| Q2 24 | $2.1B | $19.2B |
股东权益AMPLX
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.1B | — | ||
| Q1 25 | $6.0B | — | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $6.2B | — |
总资产AMPLX
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $43.0B | ||
| Q3 25 | $12.2B | $43.2B | ||
| Q2 25 | $12.2B | $37.8B | ||
| Q1 25 | $11.9B | $39.0B | ||
| Q4 24 | $11.8B | $37.5B | ||
| Q3 24 | $11.0B | $38.5B | ||
| Q2 24 | $10.9B | $38.4B |
负债/权益比AMPLX
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $268.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $175.0M | $782.0M |
| 自由现金流率自由现金流/营收 | 9.7% | 31.9% |
| 资本支出强度资本支出/营收 | 5.2% | 29.1% |
| 现金转化率经营现金流/净利润 | 0.88× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $993.0M | $4.1B |
8季度趋势，按日历期对齐
经营现金流AMPLX
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $1.5B | ||
| Q3 25 | $362.0M | $1.4B | ||
| Q2 25 | $221.0M | $1.7B | ||
| Q1 25 | $431.0M | $1.2B | ||
| Q4 24 | $481.0M | $1.7B | ||
| Q3 24 | $452.0M | $1.4B | ||
| Q2 24 | $333.0M | $1.6B |
自由现金流AMPLX
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | $782.0M | ||
| Q3 25 | $259.0M | $905.0M | ||
| Q2 25 | $107.0M | $1.4B | ||
| Q1 25 | $334.0M | $979.0M | ||
| Q4 24 | $388.0M | $1.4B | ||
| Q3 24 | $360.0M | $1.1B | ||
| Q2 24 | $230.0M | $1.4B |
自由现金流率AMPLX
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | 31.9% | ||
| Q3 25 | 14.9% | 36.8% | ||
| Q2 25 | 6.4% | 60.9% | ||
| Q1 25 | 19.9% | 39.8% | ||
| Q4 24 | 22.8% | 56.6% | ||
| Q3 24 | 22.8% | 48.4% | ||
| Q2 24 | 14.6% | 60.0% |
资本支出强度AMPLX
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | 29.1% | ||
| Q3 25 | 5.9% | 21.4% | ||
| Q2 25 | 6.8% | 12.8% | ||
| Q1 25 | 5.8% | 10.9% | ||
| Q4 24 | 5.5% | 12.7% | ||
| Q3 24 | 5.8% | 11.9% | ||
| Q2 24 | 6.5% | 9.4% |
现金转化率AMPLX
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | 1.24× | ||
| Q3 25 | 1.08× | 0.92× | ||
| Q2 25 | 1.03× | 1.64× | ||
| Q1 25 | 1.36× | 1.10× | ||
| Q4 24 | 1.37× | 1.51× | ||
| Q3 24 | 1.60× | 1.35× | ||
| Q2 24 | 1.08× | 1.32× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
