vs
Alpha Metallurgical Resources, Inc.（AMR）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
Alpha Metallurgical Resources, Inc.的季度营收约是NATURAL RESOURCE PARTNERS LP的10.1倍（$519.1M vs $51.3M）。NATURAL RESOURCE PARTNERS LP净利率更高（78.5% vs -3.3%，领先81.9%）。Alpha Metallurgical Resources, Inc.同比增速更快（-15.7% vs -21.8%）。过去两年NATURAL RESOURCE PARTNERS LP的营收复合增速更高（-8.3% vs -22.4%）
阿尔法冶金资源（前身为康图拉能源）是行业领先的煤炭供应商，在阿巴拉契亚北部和中部拥有地下及露天煤矿综合体，在宾夕法尼亚州、弗吉尼亚州和西弗吉尼亚州坐拥大型煤田，生产用于炼钢的冶金煤和用于发电的动力煤，供应全球下游客户。
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。
AMR vs NRP — 直观对比
营收规模更大
AMR
是对方的10.1倍
$51.3M
营收增速更快
AMR
高出6.2%
-21.8%
净利率更高
NRP
高出81.9%
-3.3%
两年增速更快
NRP
近两年复合增速
-22.4%
损益表 — Q4 2025 vs Q1 2025
| 指标 | | |
|---|---|---|
| 营收 | $519.1M | $51.3M |
| 净利润 | $-17.3M | $40.3M |
| 毛利率 | — | — |
| 营业利润率 | -4.1% | 83.7% |
| 净利率 | -3.3% | 78.5% |
| 营收同比 | -15.7% | -21.8% |
| 净利润同比 | -711.2% | -28.4% |
| 每股收益（稀释后） | $-1.35 | — |
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AMRNRP
| Q4 25 | $519.1M | — | ||
| Q3 25 | $525.2M | — | ||
| Q2 25 | $548.7M | — | ||
| Q1 25 | $529.7M | $51.3M | ||
| Q4 24 | $615.4M | $61.8M | ||
| Q3 24 | $669.8M | $50.4M | ||
| Q2 24 | $800.1M | $54.6M | ||
| Q1 24 | $861.3M | $65.6M |
净利润AMRNRP
| Q4 25 | $-17.3M | — | ||
| Q3 25 | $-5.5M | — | ||
| Q2 25 | $-5.0M | — | ||
| Q1 25 | $-33.9M | $40.3M | ||
| Q4 24 | $-2.1M | $42.8M | ||
| Q3 24 | $3.8M | $38.6M | ||
| Q2 24 | $58.9M | $46.1M | ||
| Q1 24 | $127.0M | $56.2M |
营业利润率AMRNRP
| Q4 25 | -4.1% | — | ||
| Q3 25 | -0.5% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | -7.6% | 83.7% | ||
| Q4 24 | 1.6% | 74.9% | ||
| Q3 24 | 0.8% | 84.9% | ||
| Q2 24 | 8.8% | 92.3% | ||
| Q1 24 | 16.5% | 91.0% |
净利率AMRNRP
| Q4 25 | -3.3% | — | ||
| Q3 25 | -1.1% | — | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | -6.4% | 78.5% | ||
| Q4 24 | -0.3% | 69.2% | ||
| Q3 24 | 0.6% | 76.6% | ||
| Q2 24 | 7.4% | 84.4% | ||
| Q1 24 | 14.7% | 85.7% |
每股收益（稀释后）AMRNRP
| Q4 25 | $-1.35 | — | ||
| Q3 25 | $-0.42 | — | ||
| Q2 25 | $-0.38 | — | ||
| Q1 25 | $-2.60 | — | ||
| Q4 24 | $-0.09 | — | ||
| Q3 24 | $0.29 | — | ||
| Q2 24 | $4.49 | — | ||
| Q1 24 | $9.59 | — |
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 | $415.6M | $30.9M |
| 总债务越低越好 | $9.8M | $138.8M |
| 股东权益账面价值 | $1.5B | — |
| 总资产 | $2.3B | $772.5M |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资AMRNRP
| Q4 25 | $415.6M | — | ||
| Q3 25 | $457.9M | — | ||
| Q2 25 | $449.0M | — | ||
| Q1 25 | $448.0M | $30.9M | ||
| Q4 24 | $481.6M | $30.4M | ||
| Q3 24 | $484.6M | $30.9M | ||
| Q2 24 | $336.1M | $32.3M | ||
| Q1 24 | $269.4M | $11.0M |
总债务AMRNRP
| Q4 25 | $9.8M | — | ||
| Q3 25 | $2.9M | — | ||
| Q2 25 | $3.1M | — | ||
| Q1 25 | $2.4M | $138.8M | ||
| Q4 24 | $2.9M | $142.1M | ||
| Q3 24 | $3.6M | $197.4M | ||
| Q2 24 | $5.3M | $210.3M | ||
| Q1 24 | $6.0M | $188.8M |
股东权益AMRNRP
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | — |
总资产AMRNRP
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | $772.5M | ||
| Q4 24 | $2.4B | $772.9M | ||
| Q3 24 | $2.5B | $772.9M | ||
| Q2 24 | $2.5B | $789.6M | ||
| Q1 24 | $2.5B | $772.9M |
负债/权益比AMRNRP
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
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 | $19.0M | $34.4M |
| 自由现金流经营现金流 - 资本支出 | $-10.0M | — |
| 自由现金流率自由现金流/营收 | -1.9% | — |
| 资本支出强度资本支出/营收 | 5.6% | — |
| 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 | $17.8M | — |
8季度趋势，按日历期对齐
经营现金流AMRNRP
| Q4 25 | $19.0M | — | ||
| Q3 25 | $50.5M | — | ||
| Q2 25 | $53.2M | — | ||
| Q1 25 | $22.2M | $34.4M | ||
| Q4 24 | $56.3M | $66.2M | ||
| Q3 24 | $189.5M | $54.1M | ||
| Q2 24 | $138.1M | $56.6M | ||
| Q1 24 | $196.1M | $71.5M |
自由现金流AMRNRP
| Q4 25 | $-10.0M | — | ||
| Q3 25 | $25.4M | — | ||
| Q2 25 | $18.6M | — | ||
| Q1 25 | $-16.3M | — | ||
| Q4 24 | $13.6M | — | ||
| Q3 24 | $158.0M | — | ||
| Q2 24 | $77.0M | — | ||
| Q1 24 | $132.5M | — |
自由现金流率AMRNRP
| Q4 25 | -1.9% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | -3.1% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 23.6% | — | ||
| Q2 24 | 9.6% | — | ||
| Q1 24 | 15.4% | — |
资本支出强度AMRNRP
| Q4 25 | 5.6% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | 6.9% | 0.0% | ||
| Q3 24 | 4.7% | 0.0% | ||
| Q2 24 | 7.6% | 0.0% | ||
| Q1 24 | 7.4% | 0.0% |
现金转化率AMRNRP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 1.55× | ||
| Q3 24 | 49.81× | 1.40× | ||
| Q2 24 | 2.34× | 1.23× | ||
| Q1 24 | 1.54× | 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
AMR
暂无分部数据
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% |
