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雅保（ALB）与NATURAL RESOURCE PARTNERS LP（NRP）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NATURAL RESOURCE PARTNERS LP的27.9倍（$1.4B vs $51.3M）。NATURAL RESOURCE PARTNERS LP净利率更高（78.5% vs -29.0%，领先107.5%）。雅保同比增速更快（15.9% vs -21.8%）。过去两年雅保的营收复合增速更高（2.4% vs -8.3%）
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。
Natural Resource Partners LP是总部位于美国的业主有限合伙企业，主要持有、管理及出租矿产储备权益，资产涵盖煤炭、集料、工业矿物与油气资源，业务主要布局于北美地区，核心收入来自第三方资源开采企业支付的特许权使用费。
ALB vs NRP — 直观对比
营收规模更大
ALB
是对方的27.9倍
$51.3M
营收增速更快
ALB
高出37.8%
-21.8%
净利率更高
NRP
高出107.5%
-29.0%
两年增速更快
ALB
近两年复合增速
-8.3%
损益表 — Q4 2025 vs Q1 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $51.3M |
| 净利润 | $-414.2M | $40.3M |
| 毛利率 | 13.9% | — |
| 营业利润率 | -15.2% | 83.7% |
| 净利率 | -29.0% | 78.5% |
| 营收同比 | 15.9% | -21.8% |
| 净利润同比 | -650.1% | -28.4% |
| 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ALBNRP
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.1B | $51.3M | ||
| Q4 24 | $1.2B | $61.8M | ||
| Q3 24 | $1.4B | $50.4M | ||
| Q2 24 | $1.4B | $54.6M | ||
| Q1 24 | $1.4B | $65.6M |
净利润ALBNRP
| Q4 25 | $-414.2M | — | ||
| Q3 25 | $-160.7M | — | ||
| Q2 25 | $22.9M | — | ||
| Q1 25 | $41.3M | $40.3M | ||
| Q4 24 | $75.3M | $42.8M | ||
| Q3 24 | $-1.1B | $38.6M | ||
| Q2 24 | $-188.2M | $46.1M | ||
| Q1 24 | $2.4M | $56.2M |
毛利率ALBNRP
| 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ALBNRP
| Q4 25 | -15.2% | — | ||
| Q3 25 | -16.6% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 1.8% | 83.7% | ||
| Q4 24 | 0.4% | 74.9% | ||
| Q3 24 | -81.9% | 84.9% | ||
| Q2 24 | -34.4% | 92.3% | ||
| Q1 24 | -13.2% | 91.0% |
净利率ALBNRP
| Q4 25 | -29.0% | — | ||
| Q3 25 | -12.3% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 3.8% | 78.5% | ||
| Q4 24 | 6.1% | 69.2% | ||
| Q3 24 | -78.9% | 76.6% | ||
| Q2 24 | -13.2% | 84.4% | ||
| Q1 24 | 0.2% | 85.7% |
每股收益（稀释后）ALBNRP
| 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 | — | $30.9M |
| 总债务越低越好 | $3.2B | $138.8M |
| 股东权益账面价值 | $9.5B | — |
| 总资产 | $16.4B | $772.5M |
| 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ALBNRP
| Q4 25 | — | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.5B | $30.9M | ||
| Q4 24 | $1.2B | $30.4M | ||
| Q3 24 | $1.7B | $30.9M | ||
| Q2 24 | $1.8B | $32.3M | ||
| Q1 24 | $2.1B | $11.0M |
总债务ALBNRP
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | $138.8M | ||
| Q4 24 | $3.5B | $142.1M | ||
| Q3 24 | $3.6B | $197.4M | ||
| Q2 24 | $3.5B | $210.3M | ||
| Q1 24 | $3.5B | $188.8M |
股东权益ALBNRP
| 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ALBNRP
| Q4 25 | $16.4B | — | ||
| Q3 25 | $17.1B | — | ||
| Q2 25 | $17.3B | — | ||
| Q1 25 | $17.0B | $772.5M | ||
| Q4 24 | $16.6B | $772.9M | ||
| Q3 24 | $17.5B | $772.9M | ||
| Q2 24 | $18.4B | $789.6M | ||
| Q1 24 | $19.0B | $772.9M |
负债/权益比ALBNRP
| 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 | $34.4M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | — |
| 自由现金流率自由现金流/营收 | 16.3% | — |
| 资本支出强度资本支出/营收 | 10.9% | — |
| 现金转化率经营现金流/净利润 | — | 0.86× |
| 过去12个月自由现金流最近4个季度 | $692.5M | — |
8季度趋势，按日历期对齐
经营现金流ALBNRP
| Q4 25 | $388.5M | — | ||
| Q3 25 | $355.6M | — | ||
| Q2 25 | $-7.2M | — | ||
| Q1 25 | $545.4M | $34.4M | ||
| Q4 24 | $674.0K | $66.2M | ||
| Q3 24 | $240.5M | $54.1M | ||
| Q2 24 | $362.9M | $56.6M | ||
| Q1 24 | $98.0M | $71.5M |
自由现金流ALBNRP
| Q4 25 | $233.1M | — | ||
| Q3 25 | $223.4M | — | ||
| Q2 25 | $-126.8M | — | ||
| Q1 25 | $362.8M | — | ||
| Q4 24 | $-355.1M | — | ||
| Q3 24 | $-62.6M | — | ||
| Q2 24 | $-84.7M | — | ||
| Q1 24 | $-481.4M | — |
自由现金流率ALBNRP
| Q4 25 | 16.3% | — | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | -9.5% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | -28.8% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -35.4% | — |
资本支出强度ALBNRP
| Q4 25 | 10.9% | — | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 28.9% | 0.0% | ||
| Q3 24 | 22.4% | 0.0% | ||
| Q2 24 | 31.3% | 0.0% | ||
| Q1 24 | 42.6% | 0.0% |
现金转化率ALBNRP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.31× | — | ||
| Q1 25 | 13.19× | 0.86× | ||
| Q4 24 | 0.01× | 1.55× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 1.23× | ||
| Q1 24 | 40.01× | 1.27× |
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% |
NRP
| Coal Royalty Revenues | $35.5M | 69% |
| Soda Ash Segment | $4.6M | 9% |
| Transportation And Processing Services | $4.4M | 9% |
| Production Lease Minimum Revenues | $2.7M | 5% |
| Oil And Gas Royalty Revenues | $2.4M | 5% |
| Other | $1.6M | 3% |
