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ALLIANCE RESOURCE PARTNERS LP（ARLP）与AVINO SILVER & GOLD MINES LTD（ASM）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是AVINO SILVER & GOLD MINES LTD的25.4倍（$535.5M vs $21.0M）。AVINO SILVER & GOLD MINES LTD净利率更高（36.6% vs 15.4%，领先21.2%）。AVINO SILVER & GOLD MINES LTD同比增速更快（44.0% vs -9.2%）。过去两年AVINO SILVER & GOLD MINES LTD的营收复合增速更高（51.1% vs -9.4%）
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。
阿维诺金银矿业有限公司是一家加拿大矿业企业，主要从事银、金、铜等贵金属及基本金属的勘探、开发与生产，核心运营资产为位于墨西哥杜兰戈州的旗舰阿维诺矿区，产品供应全球大宗商品市场。
ARLP vs ASM — 直观对比
营收规模更大
ARLP
是对方的25.4倍
$21.0M
营收增速更快
ASM
高出53.2%
-9.2%
净利率更高
ASM
高出21.2%
15.4%
两年增速更快
ASM
近两年复合增速
-9.4%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $535.5M | $21.0M |
| 净利润 | $82.7M | $7.7M |
| 毛利率 | — | 47.1% |
| 营业利润率 | 18.2% | — |
| 净利率 | 15.4% | 36.6% |
| 营收同比 | -9.2% | 44.0% |
| 净利润同比 | 406.2% | 558.9% |
| 每股收益（稀释后） | — | $0.05 |
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ARLPASM
| Q4 25 | $535.5M | — | ||
| Q3 25 | $571.4M | $21.0M | ||
| Q2 25 | $547.5M | $21.8M | ||
| Q1 25 | $540.5M | $18.8M | ||
| Q4 24 | $590.1M | — | ||
| Q3 24 | $613.6M | $14.6M | ||
| Q2 24 | $593.4M | $14.8M | ||
| Q1 24 | $651.7M | $12.4M |
净利润ARLPASM
| Q4 25 | $82.7M | — | ||
| Q3 25 | $95.1M | $7.7M | ||
| Q2 25 | $59.4M | $2.9M | ||
| Q1 25 | $74.0M | $5.6M | ||
| Q4 24 | $16.3M | — | ||
| Q3 24 | $86.3M | $1.2M | ||
| Q2 24 | $100.2M | $1.2M | ||
| Q1 24 | $158.1M | $599.0K |
毛利率ARLPASM
| Q4 25 | — | — | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 46.9% | ||
| Q1 25 | — | 56.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 39.1% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | — | 18.9% |
营业利润率ARLPASM
| 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ARLPASM
| Q4 25 | 15.4% | — | ||
| Q3 25 | 16.6% | 36.6% | ||
| Q2 25 | 10.9% | 13.1% | ||
| Q1 25 | 13.7% | 29.8% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 14.1% | 8.0% | ||
| Q2 24 | 16.9% | 8.4% | ||
| Q1 24 | 24.3% | 4.8% |
每股收益（稀释后）ARLPASM
| Q4 25 | — | — | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $0.04 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | — | $0.00 |
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 | $71.2M | $57.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $182.1M |
| 总资产 | $2.9B | $221.9M |
| 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ARLPASM
| Q4 25 | $71.2M | — | ||
| Q3 25 | $94.5M | $57.3M | ||
| Q2 25 | $55.0M | $37.3M | ||
| Q1 25 | $81.3M | $26.6M | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $195.4M | $7.8M | ||
| Q2 24 | $203.7M | $5.3M | ||
| Q1 24 | $134.0M | $3.5M |
股东权益ARLPASM
| Q4 25 | — | — | ||
| Q3 25 | — | $182.1M | ||
| Q2 25 | — | $144.8M | ||
| Q1 25 | — | $132.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $114.5M | ||
| Q2 24 | — | $112.2M | ||
| Q1 24 | — | $107.8M |
总资产ARLPASM
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $221.9M | ||
| Q2 25 | $2.9B | $174.7M | ||
| Q1 25 | $2.9B | $157.7M | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.0B | $135.4M | ||
| Q2 24 | $3.1B | $133.7M | ||
| Q1 24 | $3.0B | $128.6M |
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 | $143.9M | $8.3M |
| 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× | 1.08× |
| 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ARLPASM
| Q4 25 | $143.9M | — | ||
| Q3 25 | $209.9M | $8.3M | ||
| Q2 25 | $151.7M | $8.3M | ||
| Q1 25 | $145.7M | $758.0K | ||
| Q4 24 | $168.4M | — | ||
| Q3 24 | $209.3M | $4.1M | ||
| Q2 24 | $215.8M | $1.1M | ||
| Q1 24 | $209.7M | $2.3M |
自由现金流ARLPASM
| Q4 25 | $99.1M | — | ||
| Q3 25 | $145.2M | — | ||
| Q2 25 | $84.7M | — | ||
| Q1 25 | $58.9M | — | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $99.0M | — | ||
| Q2 24 | $114.3M | — | ||
| Q1 24 | $85.8M | — |
自由现金流率ARLPASM
| 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ARLPASM
| 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ARLPASM
| Q4 25 | 1.74× | — | ||
| Q3 25 | 2.21× | 1.08× | ||
| Q2 25 | 2.55× | 2.92× | ||
| Q1 25 | 1.97× | 0.13× | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | 3.55× | ||
| Q2 24 | 2.15× | 0.87× | ||
| Q1 24 | 1.33× | 3.92× |
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
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% |
ASM
暂无分部数据
