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Aqua Metals, Inc.（AQMS）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
Aqua Metals, Inc.专注于铅酸电池可持续回收技术的研发与商业化，采用创新湿法冶金工艺替代高污染传统冶炼模式，主要服务北美汽车、储能及工业电池领域，推动电池关键材料的循环经济落地。
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。
AQMS vs ARLP — 直观对比
营收规模更大
ARLP
是对方的Infinity倍
$0
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $0 | $535.5M |
| 净利润 | $-3.1M | $82.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 18.2% |
| 净利率 | — | 15.4% |
| 营收同比 | — | -9.2% |
| 净利润同比 | 40.1% | 406.2% |
| 每股收益（稀释后） | — | — |
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AQMSARLP
| Q4 25 | — | $535.5M | ||
| Q3 25 | $0 | $571.4M | ||
| Q2 25 | — | $547.5M | ||
| Q1 25 | $0 | $540.5M | ||
| Q4 24 | — | $590.1M | ||
| Q3 24 | $0 | $613.6M | ||
| Q2 24 | $0 | $593.4M | ||
| Q1 24 | $0 | $651.7M |
净利润AQMSARLP
| Q4 25 | — | $82.7M | ||
| Q3 25 | $-3.1M | $95.1M | ||
| Q2 25 | — | $59.4M | ||
| Q1 25 | $-8.3M | $74.0M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | $-5.2M | $86.3M | ||
| Q2 24 | $-6.2M | $100.2M | ||
| Q1 24 | $-5.8M | $158.1M |
营业利润率AQMSARLP
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 18.4% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 17.4% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 19.8% | ||
| Q1 24 | — | 24.6% |
净利率AQMSARLP
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | — | 24.3% |
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 | $3.6M | $71.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.5M | — |
| 总资产 | $10.5M | $2.9B |
| 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AQMSARLP
| Q4 25 | — | $71.2M | ||
| Q3 25 | $3.6M | $94.5M | ||
| Q2 25 | — | $55.0M | ||
| Q1 25 | $1.6M | $81.3M | ||
| Q4 24 | — | $137.0M | ||
| Q3 24 | $3.0M | $195.4M | ||
| Q2 24 | $7.8M | $203.7M | ||
| Q1 24 | $8.3M | $134.0M |
股东权益AQMSARLP
| Q4 25 | — | — | ||
| Q3 25 | $6.5M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $9.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $20.9M | — | ||
| Q2 24 | $25.2M | — | ||
| Q1 24 | $22.9M | — |
总资产AQMSARLP
| Q4 25 | — | $2.9B | ||
| Q3 25 | $10.5M | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | $18.1M | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $28.5M | $3.0B | ||
| Q2 24 | $33.7M | $3.1B | ||
| Q1 24 | $31.4M | $3.0B |
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 | $-2.3M | $143.9M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 18.5% |
| 资本支出强度资本支出/营收 | — | 8.4% |
| 现金转化率经营现金流/净利润 | — | 1.74× |
| 过去12个月自由现金流最近4个季度 | — | $387.9M |
8季度趋势，按日历期对齐
经营现金流AQMSARLP
| Q4 25 | — | $143.9M | ||
| Q3 25 | $-2.3M | $209.9M | ||
| Q2 25 | — | $151.7M | ||
| Q1 25 | $-2.8M | $145.7M | ||
| Q4 24 | — | $168.4M | ||
| Q3 24 | $-3.6M | $209.3M | ||
| Q2 24 | $-3.8M | $215.8M | ||
| Q1 24 | $-4.3M | $209.7M |
自由现金流AQMSARLP
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $145.2M | ||
| Q2 25 | — | $84.7M | ||
| Q1 25 | $-3.0M | $58.9M | ||
| Q4 24 | — | $75.3M | ||
| Q3 24 | $-4.6M | $99.0M | ||
| Q2 24 | $-7.5M | $114.3M | ||
| Q1 24 | $-7.0M | $85.8M |
自由现金流率AQMSARLP
| Q4 25 | — | 18.5% | ||
| Q3 25 | — | 25.4% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 12.8% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 19.3% | ||
| Q1 24 | — | 13.2% |
资本支出强度AQMSARLP
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 16.1% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 17.1% | ||
| Q1 24 | — | 19.0% |
现金转化率AQMSARLP
| Q4 25 | — | 1.74× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 10.31× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.15× | ||
| Q1 24 | — | 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
AQMS
暂无分部数据
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% |
