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AMPCO PITTSBURGH CORP（AP）与MARTIN MIDSTREAM PARTNERS L.P.（MMLP）财务数据对比。点击上方公司名可切换其他公司
MARTIN MIDSTREAM PARTNERS L.P.的季度营收约是AMPCO PITTSBURGH CORP的1.8倍（$187.7M vs $104.4M），MARTIN MIDSTREAM PARTNERS L.P.净利率更高（1.7% vs -55.2%，领先57.0%），AMPCO PITTSBURGH CORP同比增速更快（11.5% vs -2.5%），AMPCO PITTSBURGH CORP自由现金流更多（$-64.0K vs $-6.0M），过去两年MARTIN MIDSTREAM PARTNERS L.P.的营收复合增速更高（0.8% vs -2.6%）
安普科匹兹堡公司是一家特种钢材制造商，总部位于宾夕法尼亚州匹兹堡市中心，1929年由多家此前已成立的小型钢铁企业合并组建而成。需要注意区分它和其他同样带有Ampco名称的企业，比如位于密尔沃基的铜基合金生产商、迈阿密的橱柜企业等。
Martin Midstream Partners L.P.是美国中游能源服务提供商，主营原油、天然气液、精炼石油产品及特种化学品的存储、运输、分销与加工服务，主要服务北美能源及工业领域客户。
AP vs MMLP — 直观对比
营收规模更大
MMLP
是对方的1.8倍
$104.4M
营收增速更快
AP
高出14.0%
-2.5%
净利率更高
MMLP
高出57.0%
-55.2%
自由现金流更多
AP
多$6.0M
$-6.0M
两年增速更快
MMLP
近两年复合增速
-2.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $104.4M | $187.7M |
| 净利润 | $-57.7M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | -54.0% | 4.1% |
| 净利率 | -55.2% | 1.7% |
| 营收同比 | 11.5% | -2.5% |
| 净利润同比 | -1958.9% | -37.1% |
| 每股收益（稀释后） | $-2.87 | — |
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APMMLP
| Q1 26 | — | $187.7M | ||
| Q4 25 | $104.4M | $174.2M | ||
| Q3 25 | $103.7M | $168.7M | ||
| Q2 25 | $108.9M | $180.7M | ||
| Q1 25 | $99.2M | $192.5M | ||
| Q4 24 | $93.6M | $171.3M | ||
| Q3 24 | $92.1M | $170.9M | ||
| Q2 24 | $107.1M | $184.5M |
净利润APMMLP
| Q1 26 | — | $3.2M | ||
| Q4 25 | $-57.7M | $-2.9M | ||
| Q3 25 | $-2.2M | $-8.4M | ||
| Q2 25 | $-7.3M | $-2.4M | ||
| Q1 25 | $1.1M | $-1.0M | ||
| Q4 24 | $3.1M | $-8.9M | ||
| Q3 24 | $-2.0M | $-3.3M | ||
| Q2 24 | $2.0M | $3.8M |
毛利率APMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | 57.1% | ||
| Q3 25 | — | 55.1% | ||
| Q2 25 | — | 56.5% | ||
| Q1 25 | — | 53.5% | ||
| Q4 24 | — | 58.2% | ||
| Q3 24 | — | 58.5% | ||
| Q2 24 | — | 58.4% |
营业利润率APMMLP
| Q1 26 | — | 4.1% | ||
| Q4 25 | -54.0% | 7.3% | ||
| Q3 25 | 1.1% | 4.1% | ||
| Q2 25 | -2.8% | 8.2% | ||
| Q1 25 | 3.9% | 7.5% | ||
| Q4 24 | 5.5% | 4.0% | ||
| Q3 24 | 2.0% | 7.4% | ||
| Q2 24 | 4.7% | 10.8% |
净利率APMMLP
| Q1 26 | — | 1.7% | ||
| Q4 25 | -55.2% | -1.7% | ||
| Q3 25 | -2.1% | -5.0% | ||
| Q2 25 | -6.7% | -1.3% | ||
| Q1 25 | 1.2% | -0.5% | ||
| Q4 24 | 3.3% | -5.2% | ||
| Q3 24 | -2.1% | -1.9% | ||
| Q2 24 | 1.9% | 2.0% |
每股收益（稀释后）APMMLP
| Q1 26 | — | — | ||
| Q4 25 | $-2.87 | — | ||
| Q3 25 | $-0.11 | — | ||
| Q2 25 | $-0.36 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $-0.10 | — | ||
| Q2 24 | $0.10 | — |
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 | $10.7M | — |
| 总债务越低越好 | $117.9M | — |
| 股东权益账面价值 | $32.6M | — |
| 总资产 | $495.4M | $537.1M |
| 负债/权益比越低杠杆越低 | 3.61× | — |
8季度趋势，按日历期对齐
现金及短期投资APMMLP
| Q1 26 | — | — | ||
| Q4 25 | $10.7M | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $9.9M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $15.4M | — | ||
| Q3 24 | $11.8M | — | ||
| Q2 24 | $7.9M | — |
总债务APMMLP
| Q1 26 | — | — | ||
| Q4 25 | $117.9M | $428.0M | ||
| Q3 25 | $119.0M | $441.3M | ||
| Q2 25 | $115.9M | $427.8M | ||
| Q1 25 | $115.0M | $451.4M | ||
| Q4 24 | $116.4M | $437.6M | ||
| Q3 24 | $116.0M | $469.3M | ||
| Q2 24 | $119.4M | $439.4M |
股东权益APMMLP
| Q1 26 | — | — | ||
| Q4 25 | $32.6M | — | ||
| Q3 25 | $60.1M | — | ||
| Q2 25 | $62.7M | — | ||
| Q1 25 | $64.6M | — | ||
| Q4 24 | $58.9M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $58.0M | — |
总资产APMMLP
| Q1 26 | — | $537.1M | ||
| Q4 25 | $495.4M | $522.4M | ||
| Q3 25 | $524.4M | $510.1M | ||
| Q2 25 | $537.2M | $515.6M | ||
| Q1 25 | $536.2M | $533.4M | ||
| Q4 24 | $530.9M | $538.5M | ||
| Q3 24 | $547.4M | $554.8M | ||
| Q2 24 | $560.8M | $535.1M |
负债/权益比APMMLP
| Q1 26 | — | — | ||
| Q4 25 | 3.61× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | — |
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 | $2.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-64.0K | $-6.0M |
| 自由现金流率自由现金流/营收 | -0.1% | -3.2% |
| 资本支出强度资本支出/营收 | 2.7% | 1.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-8.1M | $27.2M |
8季度趋势，按日历期对齐
经营现金流APMMLP
| Q1 26 | — | — | ||
| Q4 25 | $2.7M | $22.4M | ||
| Q3 25 | $6.3M | $-1.2M | ||
| Q2 25 | $-2.3M | $30.9M | ||
| Q1 25 | $-5.3M | $-6.0M | ||
| Q4 24 | $7.5M | $42.2M | ||
| Q3 24 | $11.4M | $-15.8M | ||
| Q2 24 | $-5.3M | $11.8M |
自由现金流APMMLP
| Q1 26 | — | $-6.0M | ||
| Q4 25 | $-64.0K | $15.6M | ||
| Q3 25 | $3.3M | $-7.9M | ||
| Q2 25 | $-3.8M | $25.6M | ||
| Q1 25 | $-7.5M | $-11.9M | ||
| Q4 24 | $3.7M | $34.2M | ||
| Q3 24 | $8.4M | $-25.6M | ||
| Q2 24 | $-8.0M | $-696.0K |
自由现金流率APMMLP
| Q1 26 | — | -3.2% | ||
| Q4 25 | -0.1% | 8.9% | ||
| Q3 25 | 3.2% | -4.7% | ||
| Q2 25 | -3.5% | 14.2% | ||
| Q1 25 | -7.5% | -6.2% | ||
| Q4 24 | 4.0% | 20.0% | ||
| Q3 24 | 9.1% | -15.0% | ||
| Q2 24 | -7.5% | -0.4% |
资本支出强度APMMLP
| Q1 26 | — | 1.6% | ||
| Q4 25 | 2.7% | 3.9% | ||
| Q3 25 | 2.9% | 4.0% | ||
| Q2 25 | 1.3% | 3.0% | ||
| Q1 25 | 2.2% | 3.1% | ||
| Q4 24 | 4.0% | 4.6% | ||
| Q3 24 | 3.2% | 5.8% | ||
| Q2 24 | 2.5% | 6.8% |
现金转化率APMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.62× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.64× | 3.13× |
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
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
MMLP
| Specialty products | $61.6M | 33% |
| Transportation * | $52.8M | 28% |
| Other | $46.5M | 25% |
| Terminalling and storage * | $22.4M | 12% |
| Sulfur services | $4.4M | 2% |
