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安姆科（AMCR）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
安姆科的季度营收约是ALLIANCE RESOURCE PARTNERS LP的10.2倍（$5.4B vs $535.5M）。ALLIANCE RESOURCE PARTNERS LP净利率更高（15.4% vs 3.2%，领先12.2%）。安姆科同比增速更快（68.1% vs -9.2%）。安姆科自由现金流更多（$282.0M vs $99.1M）。过去两年安姆科的营收复合增速更高（26.4% vs -9.4%）
安姆科是全球知名的包装产品开发商、生产商与销售商，业务覆盖欧洲、北美、拉美、非洲及亚太地区，下设软包装与硬包装两大业务板块。软包装产品广泛应用于食品饮料、医药、生鲜、休闲食品、个人护理等领域，硬包装板块则为各类食品饮料提供刚性容器产品。
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。
AMCR vs ARLP — 直观对比
营收规模更大
AMCR
是对方的10.2倍
$535.5M
营收增速更快
AMCR
高出77.4%
-9.2%
净利率更高
ARLP
高出12.2%
3.2%
自由现金流更多
AMCR
多$182.9M
$99.1M
两年增速更快
AMCR
近两年复合增速
-9.4%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $535.5M |
| 净利润 | $177.0M | $82.7M |
| 毛利率 | 19.1% | — |
| 营业利润率 | 6.1% | 18.2% |
| 净利率 | 3.2% | 15.4% |
| 营收同比 | 68.1% | -9.2% |
| 净利润同比 | 8.6% | 406.2% |
| 每股收益（稀释后） | $0.38 | — |
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AMCRARLP
| Q4 25 | $5.4B | $535.5M | ||
| Q3 25 | $5.7B | $571.4M | ||
| Q2 25 | $5.1B | $547.5M | ||
| Q1 25 | $3.3B | $540.5M | ||
| Q4 24 | $3.2B | $590.1M | ||
| Q3 24 | $3.4B | $613.6M | ||
| Q2 24 | $3.5B | $593.4M | ||
| Q1 24 | $3.4B | $651.7M |
净利润AMCRARLP
| Q4 25 | $177.0M | $82.7M | ||
| Q3 25 | $262.0M | $95.1M | ||
| Q2 25 | $-39.0M | $59.4M | ||
| Q1 25 | $196.0M | $74.0M | ||
| Q4 24 | $163.0M | $16.3M | ||
| Q3 24 | $191.0M | $86.3M | ||
| Q2 24 | $257.0M | $100.2M | ||
| Q1 24 | $187.0M | $158.1M |
毛利率AMCRARLP
| Q4 25 | 19.1% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 19.6% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 20.3% | — |
营业利润率AMCRARLP
| Q4 25 | 6.1% | 18.2% | ||
| Q3 25 | 8.0% | 18.4% | ||
| Q2 25 | 1.7% | 16.2% | ||
| Q1 25 | 9.4% | 17.4% | ||
| Q4 24 | 9.2% | 2.6% | ||
| Q3 24 | 9.3% | 16.5% | ||
| Q2 24 | 11.2% | 19.8% | ||
| Q1 24 | 9.0% | 24.6% |
净利率AMCRARLP
| Q4 25 | 3.2% | 15.4% | ||
| Q3 25 | 4.6% | 16.6% | ||
| Q2 25 | -0.8% | 10.9% | ||
| Q1 25 | 5.9% | 13.7% | ||
| Q4 24 | 5.0% | 2.8% | ||
| Q3 24 | 5.7% | 14.1% | ||
| Q2 24 | 7.3% | 16.9% | ||
| Q1 24 | 5.5% | 24.3% |
每股收益（稀释后）AMCRARLP
| Q4 25 | $0.38 | — | ||
| Q3 25 | $0.11 | — | ||
| Q2 25 | $-0.06 | — | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $0.11 | — | ||
| Q3 24 | $0.13 | — | ||
| Q2 24 | $0.18 | — | ||
| Q1 24 | $0.13 | — |
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 | $1.1B | $71.2M |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $11.6B | — |
| 总资产 | $37.0B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.26× | — |
8季度趋势，按日历期对齐
现金及短期投资AMCRARLP
| Q4 25 | $1.1B | $71.2M | ||
| Q3 25 | $825.0M | $94.5M | ||
| Q2 25 | $827.0M | $55.0M | ||
| Q1 25 | $2.0B | $81.3M | ||
| Q4 24 | $445.0M | $137.0M | ||
| Q3 24 | $432.0M | $195.4M | ||
| Q2 24 | $588.0M | $203.7M | ||
| Q1 24 | $457.0M | $134.0M |
总债务AMCRARLP
| Q4 25 | $14.6B | — | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $13.8B | — | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $7.2B | — | ||
| Q2 24 | $6.6B | — | ||
| Q1 24 | $7.1B | — |
股东权益AMCRARLP
| Q4 25 | $11.6B | — | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $11.7B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.9B | — |
总资产AMCRARLP
| Q4 25 | $37.0B | $2.9B | ||
| Q3 25 | $37.1B | $2.9B | ||
| Q2 25 | $37.1B | $2.9B | ||
| Q1 25 | $18.0B | $2.9B | ||
| Q4 24 | $16.2B | $2.9B | ||
| Q3 24 | $16.9B | $3.0B | ||
| Q2 24 | $16.5B | $3.1B | ||
| Q1 24 | $16.7B | $3.0B |
负债/权益比AMCRARLP
| Q4 25 | 1.26× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 2.24× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.83× | — | ||
| Q2 24 | 1.70× | — | ||
| Q1 24 | 1.79× | — |
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 | $503.0M | $143.9M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $99.1M |
| 自由现金流率自由现金流/营收 | 5.2% | 18.5% |
| 资本支出强度资本支出/营收 | 4.1% | 8.4% |
| 现金转化率经营现金流/净利润 | 2.84× | 1.74× |
| 过去12个月自由现金流最近4个季度 | $805.0M | $387.9M |
8季度趋势，按日历期对齐
经营现金流AMCRARLP
| Q4 25 | $503.0M | $143.9M | ||
| Q3 25 | $-133.0M | $209.9M | ||
| Q2 25 | $1.1B | $151.7M | ||
| Q1 25 | $117.0M | $145.7M | ||
| Q4 24 | $428.0M | $168.4M | ||
| Q3 24 | $-269.0M | $209.3M | ||
| Q2 24 | $943.0M | $215.8M | ||
| Q1 24 | $150.0M | $209.7M |
自由现金流AMCRARLP
| Q4 25 | $282.0M | $99.1M | ||
| Q3 25 | $-371.0M | $145.2M | ||
| Q2 25 | $894.0M | $84.7M | ||
| Q1 25 | $0 | $58.9M | ||
| Q4 24 | $330.0M | $75.3M | ||
| Q3 24 | $-414.0M | $99.0M | ||
| Q2 24 | $809.0M | $114.3M | ||
| Q1 24 | $37.0M | $85.8M |
自由现金流率AMCRARLP
| Q4 25 | 5.2% | 18.5% | ||
| Q3 25 | -6.5% | 25.4% | ||
| Q2 25 | 17.6% | 15.5% | ||
| Q1 25 | 0.0% | 10.9% | ||
| Q4 24 | 10.2% | 12.8% | ||
| Q3 24 | -12.3% | 16.1% | ||
| Q2 24 | 22.9% | 19.3% | ||
| Q1 24 | 1.1% | 13.2% |
资本支出强度AMCRARLP
| Q4 25 | 4.1% | 8.4% | ||
| Q3 25 | 4.1% | 11.3% | ||
| Q2 25 | 4.3% | 12.2% | ||
| Q1 25 | 3.5% | 16.1% | ||
| Q4 24 | 3.0% | 15.8% | ||
| Q3 24 | 4.3% | 18.0% | ||
| Q2 24 | 3.8% | 17.1% | ||
| Q1 24 | 3.3% | 19.0% |
现金转化率AMCRARLP
| Q4 25 | 2.84× | 1.74× | ||
| Q3 25 | -0.51× | 2.21× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | 0.60× | 1.97× | ||
| Q4 24 | 2.63× | 10.31× | ||
| Q3 24 | -1.41× | 2.43× | ||
| Q2 24 | 3.67× | 2.15× | ||
| Q1 24 | 0.80× | 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
AMCR
| Flexibles Segment | $3.2B | 59% |
| Rigid Packaging Segment | $2.3B | 42% |
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% |
