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Apple Hospitality REIT, Inc.（APLE）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
Apple Hospitality REIT, Inc.的季度营收约是MARTIN MIDSTREAM PARTNERS L.P.的1.8倍（$337.7M vs $187.7M），Apple Hospitality REIT, Inc.净利率更高（8.2% vs 1.7%，领先6.5%），Apple Hospitality REIT, Inc.同比增速更快（3.1% vs -2.5%），过去两年MARTIN MIDSTREAM PARTNERS L.P.的营收复合增速更高（0.8% vs -6.9%）
莱曼 hospitality properties是一家深耕酒店、度假村、娱乐及媒体领域的企业，得名于旗下核心资产——位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾作为爱德华·盖洛德旗下俄克拉荷马出版公司子公司的时期，1983年收购WSM公司后，拿下大奥普里等知名IP，奠定了如今的业务发展基础。
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。
APLE vs MMLP — 直观对比
营收规模更大
APLE
是对方的1.8倍
$187.7M
营收增速更快
APLE
高出5.6%
-2.5%
净利率更高
APLE
高出6.5%
1.7%
两年增速更快
MMLP
近两年复合增速
-6.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $337.7M | $187.7M |
| 净利润 | $27.7M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | 14.2% | 4.1% |
| 净利率 | 8.2% | 1.7% |
| 营收同比 | 3.1% | -2.5% |
| 净利润同比 | 12.7% | -37.1% |
| 每股收益（稀释后） | $0.12 | — |
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APLEMMLP
| Q1 26 | $337.7M | $187.7M | ||
| Q4 25 | $326.4M | $174.2M | ||
| Q3 25 | $373.9M | $168.7M | ||
| Q2 25 | $384.4M | $180.7M | ||
| Q1 25 | $327.7M | $192.5M | ||
| Q4 24 | $333.0M | $171.3M | ||
| Q3 24 | $378.8M | $170.9M | ||
| Q2 24 | $390.1M | $184.5M |
净利润APLEMMLP
| Q1 26 | $27.7M | $3.2M | ||
| Q4 25 | $29.6M | $-2.9M | ||
| Q3 25 | $50.9M | $-8.4M | ||
| Q2 25 | $63.6M | $-2.4M | ||
| Q1 25 | $31.2M | $-1.0M | ||
| Q4 24 | $29.8M | $-8.9M | ||
| Q3 24 | $56.3M | $-3.3M | ||
| Q2 24 | $73.9M | $3.8M |
毛利率APLEMMLP
| Q1 26 | — | — | ||
| Q4 25 | 37.2% | 57.1% | ||
| Q3 25 | 40.6% | 55.1% | ||
| Q2 25 | 42.6% | 56.5% | ||
| Q1 25 | 39.0% | 53.5% | ||
| Q4 24 | 38.6% | 58.2% | ||
| Q3 24 | 41.9% | 58.5% | ||
| Q2 24 | 44.6% | 58.4% |
营业利润率APLEMMLP
| Q1 26 | 14.2% | 4.1% | ||
| Q4 25 | 15.2% | 7.3% | ||
| Q3 25 | 19.4% | 4.1% | ||
| Q2 25 | 22.1% | 8.2% | ||
| Q1 25 | 15.5% | 7.5% | ||
| Q4 24 | 15.0% | 4.0% | ||
| Q3 24 | 20.5% | 7.4% | ||
| Q2 24 | 24.0% | 10.8% |
净利率APLEMMLP
| Q1 26 | 8.2% | 1.7% | ||
| Q4 25 | 9.1% | -1.7% | ||
| Q3 25 | 13.6% | -5.0% | ||
| Q2 25 | 16.6% | -1.3% | ||
| Q1 25 | 9.5% | -0.5% | ||
| Q4 24 | 9.0% | -5.2% | ||
| Q3 24 | 14.9% | -1.9% | ||
| Q2 24 | 19.0% | 2.0% |
每股收益（稀释后）APLEMMLP
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.21 | — | ||
| Q2 25 | $0.27 | — | ||
| Q1 25 | $0.13 | — | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.23 | — | ||
| Q2 24 | $0.31 | — |
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 | $7.8M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.1B | — |
| 总资产 | $4.9B | $537.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APLEMMLP
| Q1 26 | $7.8M | — | ||
| Q4 25 | $8.5M | — | ||
| Q3 25 | $50.3M | — | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $14.9M | — | ||
| Q4 24 | $10.3M | — | ||
| Q3 24 | $6.1M | — | ||
| Q2 24 | $7.2M | — |
总债务APLEMMLP
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $428.0M | ||
| Q3 25 | $1.5B | $441.3M | ||
| Q2 25 | $1.5B | $427.8M | ||
| Q1 25 | $1.5B | $451.4M | ||
| Q4 24 | $1.5B | $437.6M | ||
| Q3 24 | $1.5B | $469.3M | ||
| Q2 24 | $1.5B | $439.4M |
股东权益APLEMMLP
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.3B | — |
总资产APLEMMLP
| Q1 26 | $4.9B | $537.1M | ||
| Q4 25 | $4.9B | $522.4M | ||
| Q3 25 | $4.9B | $510.1M | ||
| Q2 25 | $4.9B | $515.6M | ||
| Q1 25 | $4.9B | $533.4M | ||
| Q4 24 | $5.0B | $538.5M | ||
| Q3 24 | $5.0B | $554.8M | ||
| Q2 24 | $5.1B | $535.1M |
负债/权益比APLEMMLP
| Q1 26 | — | — | ||
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.46× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-6.0M |
| 自由现金流率自由现金流/营收 | — | -3.2% |
| 资本支出强度资本支出/营收 | — | 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 | — | $27.2M |
8季度趋势，按日历期对齐
经营现金流APLEMMLP
| Q1 26 | — | — | ||
| Q4 25 | $370.2M | $22.4M | ||
| Q3 25 | $126.4M | $-1.2M | ||
| Q2 25 | $108.8M | $30.9M | ||
| Q1 25 | $49.1M | $-6.0M | ||
| Q4 24 | $405.4M | $42.2M | ||
| Q3 24 | $128.2M | $-15.8M | ||
| Q2 24 | $127.3M | $11.8M |
自由现金流APLEMMLP
| Q1 26 | — | $-6.0M | ||
| Q4 25 | $282.0M | $15.6M | ||
| Q3 25 | $109.0M | $-7.9M | ||
| Q2 25 | $96.2M | $25.6M | ||
| Q1 25 | $29.5M | $-11.9M | ||
| Q4 24 | $327.1M | $34.2M | ||
| Q3 24 | $113.1M | $-25.6M | ||
| Q2 24 | $115.0M | $-696.0K |
自由现金流率APLEMMLP
| Q1 26 | — | -3.2% | ||
| Q4 25 | 86.4% | 8.9% | ||
| Q3 25 | 29.2% | -4.7% | ||
| Q2 25 | 25.0% | 14.2% | ||
| Q1 25 | 9.0% | -6.2% | ||
| Q4 24 | 98.2% | 20.0% | ||
| Q3 24 | 29.9% | -15.0% | ||
| Q2 24 | 29.5% | -0.4% |
资本支出强度APLEMMLP
| Q1 26 | — | 1.6% | ||
| Q4 25 | 27.0% | 3.9% | ||
| Q3 25 | 4.7% | 4.0% | ||
| Q2 25 | 3.3% | 3.0% | ||
| Q1 25 | 6.0% | 3.1% | ||
| Q4 24 | 23.5% | 4.6% | ||
| Q3 24 | 4.0% | 5.8% | ||
| Q2 24 | 3.2% | 6.8% |
现金转化率APLEMMLP
| Q1 26 | — | — | ||
| Q4 25 | 12.50× | — | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 13.59× | — | ||
| Q3 24 | 2.28× | — | ||
| Q2 24 | 1.72× | 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
APLE
| Comparable Hotels Total Revenue | $336.9M | 100% |
| RevPAR (Comparable Hotels) | $114.6K | 0% |
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% |
