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雅保（ALB）与ALLIANCE RESOURCE PARTNERS LP（ARLP）财务数据对比。点击上方公司名可切换其他公司
雅保的季度营收约是ALLIANCE RESOURCE PARTNERS LP的2.7倍（$1.4B vs $535.5M）。ALLIANCE RESOURCE PARTNERS LP净利率更高（15.4% vs -29.0%，领先44.4%）。雅保同比增速更快（15.9% vs -9.2%）。雅保自由现金流更多（$233.1M vs $99.1M）。过去两年雅保的营收复合增速更高（2.4% vs -9.4%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
联合资源伙伴有限合伙是北美领先的自然资源企业，核心业务为公用事业及工业客户生产、销售煤炭，同时运营矿权特许经营、油气开采、物流配套等关联业务，服务覆盖美国及周边主要能源消费市场。
ALB vs ARLP — 直观对比
营收规模更大
ALB
是对方的2.7倍
$535.5M
营收增速更快
ALB
高出25.2%
-9.2%
净利率更高
ARLP
高出44.4%
-29.0%
自由现金流更多
ALB
多$134.0M
$99.1M
两年增速更快
ALB
近两年复合增速
-9.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $535.5M |
| 净利润 | $-414.2M | $82.7M |
| 毛利率 | 13.9% | — |
| 营业利润率 | -15.2% | 18.2% |
| 净利率 | -29.0% | 15.4% |
| 营收同比 | 15.9% | -9.2% |
| 净利润同比 | -650.1% | 406.2% |
| 每股收益（稀释后） | $-3.88 | — |
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ALBARLP
| Q4 25 | $1.4B | $535.5M | ||
| Q3 25 | $1.3B | $571.4M | ||
| Q2 25 | $1.3B | $547.5M | ||
| Q1 25 | $1.1B | $540.5M | ||
| Q4 24 | $1.2B | $590.1M | ||
| Q3 24 | $1.4B | $613.6M | ||
| Q2 24 | $1.4B | $593.4M | ||
| Q1 24 | $1.4B | $651.7M |
净利润ALBARLP
| Q4 25 | $-414.2M | $82.7M | ||
| Q3 25 | $-160.7M | $95.1M | ||
| Q2 25 | $22.9M | $59.4M | ||
| Q1 25 | $41.3M | $74.0M | ||
| Q4 24 | $75.3M | $16.3M | ||
| Q3 24 | $-1.1B | $86.3M | ||
| Q2 24 | $-188.2M | $100.2M | ||
| Q1 24 | $2.4M | $158.1M |
毛利率ALBARLP
| Q4 25 | 13.9% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -7.7% | — | ||
| Q2 24 | -0.7% | — | ||
| Q1 24 | 2.9% | — |
营业利润率ALBARLP
| Q4 25 | -15.2% | 18.2% | ||
| Q3 25 | -16.6% | 18.4% | ||
| Q2 25 | 3.6% | 16.2% | ||
| Q1 25 | 1.8% | 17.4% | ||
| Q4 24 | 0.4% | 2.6% | ||
| Q3 24 | -81.9% | 16.5% | ||
| Q2 24 | -34.4% | 19.8% | ||
| Q1 24 | -13.2% | 24.6% |
净利率ALBARLP
| Q4 25 | -29.0% | 15.4% | ||
| Q3 25 | -12.3% | 16.6% | ||
| Q2 25 | 1.7% | 10.9% | ||
| Q1 25 | 3.8% | 13.7% | ||
| Q4 24 | 6.1% | 2.8% | ||
| Q3 24 | -78.9% | 14.1% | ||
| Q2 24 | -13.2% | 16.9% | ||
| Q1 24 | 0.2% | 24.3% |
每股收益（稀释后）ALBARLP
| Q4 25 | $-3.88 | — | ||
| Q3 25 | $-1.72 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $-9.45 | — | ||
| Q2 24 | $-1.96 | — | ||
| Q1 24 | $-0.08 | — |
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 | — | $71.2M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | — |
| 总资产 | $16.4B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALBARLP
| Q4 25 | — | $71.2M | ||
| Q3 25 | $1.9B | $94.5M | ||
| Q2 25 | $1.8B | $55.0M | ||
| Q1 25 | $1.5B | $81.3M | ||
| Q4 24 | $1.2B | $137.0M | ||
| Q3 24 | $1.7B | $195.4M | ||
| Q2 24 | $1.8B | $203.7M | ||
| Q1 24 | $2.1B | $134.0M |
总债务ALBARLP
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBARLP
| Q4 25 | $9.5B | — | ||
| Q3 25 | $10.0B | — | ||
| Q2 25 | $10.2B | — | ||
| Q1 25 | $10.0B | — | ||
| Q4 24 | $10.0B | — | ||
| Q3 24 | $10.2B | — | ||
| Q2 24 | $11.2B | — | ||
| Q1 24 | $11.5B | — |
总资产ALBARLP
| Q4 25 | $16.4B | $2.9B | ||
| Q3 25 | $17.1B | $2.9B | ||
| Q2 25 | $17.3B | $2.9B | ||
| Q1 25 | $17.0B | $2.9B | ||
| Q4 24 | $16.6B | $2.9B | ||
| Q3 24 | $17.5B | $3.0B | ||
| Q2 24 | $18.4B | $3.1B | ||
| Q1 24 | $19.0B | $3.0B |
负债/权益比ALBARLP
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
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 | $388.5M | $143.9M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $99.1M |
| 自由现金流率自由现金流/营收 | 16.3% | 18.5% |
| 资本支出强度资本支出/营收 | 10.9% | 8.4% |
| 现金转化率经营现金流/净利润 | — | 1.74× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $387.9M |
8季度趋势，按日历期对齐
经营现金流ALBARLP
| Q4 25 | $388.5M | $143.9M | ||
| Q3 25 | $355.6M | $209.9M | ||
| Q2 25 | $-7.2M | $151.7M | ||
| Q1 25 | $545.4M | $145.7M | ||
| Q4 24 | $674.0K | $168.4M | ||
| Q3 24 | $240.5M | $209.3M | ||
| Q2 24 | $362.9M | $215.8M | ||
| Q1 24 | $98.0M | $209.7M |
自由现金流ALBARLP
| Q4 25 | $233.1M | $99.1M | ||
| Q3 25 | $223.4M | $145.2M | ||
| Q2 25 | $-126.8M | $84.7M | ||
| Q1 25 | $362.8M | $58.9M | ||
| Q4 24 | $-355.1M | $75.3M | ||
| Q3 24 | $-62.6M | $99.0M | ||
| Q2 24 | $-84.7M | $114.3M | ||
| Q1 24 | $-481.4M | $85.8M |
自由现金流率ALBARLP
| Q4 25 | 16.3% | 18.5% | ||
| Q3 25 | 17.1% | 25.4% | ||
| Q2 25 | -9.5% | 15.5% | ||
| Q1 25 | 33.7% | 10.9% | ||
| Q4 24 | -28.8% | 12.8% | ||
| Q3 24 | -4.6% | 16.1% | ||
| Q2 24 | -5.9% | 19.3% | ||
| Q1 24 | -35.4% | 13.2% |
资本支出强度ALBARLP
| Q4 25 | 10.9% | 8.4% | ||
| Q3 25 | 10.1% | 11.3% | ||
| Q2 25 | 9.0% | 12.2% | ||
| Q1 25 | 17.0% | 16.1% | ||
| Q4 24 | 28.9% | 15.8% | ||
| Q3 24 | 22.4% | 18.0% | ||
| Q2 24 | 31.3% | 17.1% | ||
| Q1 24 | 42.6% | 19.0% |
现金转化率ALBARLP
| Q4 25 | — | 1.74× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | -0.31× | 2.55× | ||
| Q1 25 | 13.19× | 1.97× | ||
| Q4 24 | 0.01× | 10.31× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.15× | ||
| Q1 24 | 40.01× | 1.33× |
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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
ARLP
| Illinois Basin Segment | $339.0M | 63% |
| Appalachia Segment | $141.4M | 26% |
| Other | $24.2M | 5% |
| Royalties Coal Segment | $22.4M | 4% |
| Shipping And Handling | $10.2M | 2% |
